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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 6,017 $ (1,393)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of deferred acquisition costs 18,858 18,551
Acquisition costs deferred (19,932) (19,239)
Realized investment gains, net (17) (1,210)
Other than temporary impairment loss on available for sale securities 488 0
Unrealized (gains) losses on equity securities, net (4,491) 1,516
Losses from equity method investees 579 766
Compensation expense related to share awards 2 11
Benefit for credit losses (27) (4)
Depreciation and amortization 438 366
Deferred income tax benefit (405) (3,290)
(Increase) decrease in receivables, net (7,709) 2,888
Increase in insurance reserves and policyholder funds 33,950 5,480
Increase in accounts payable and accrued expenses 5,500 3,215
Other, net (377) (2,857)
Net cash provided by operating activities 32,874 4,800
Cash flows from investing activities:    
Proceeds from investments sold and policy loans redeemed 13,486 2,567
Proceeds from investments matured, called or redeemed 17,301 13,791
Investments purchased (55,318) (13,850)
Additions to property and equipment (466) (225)
Net cash (used in) provided by investing activities (24,997) 2,283
Cash flows from financing activities:    
Payment of dividends on Series D preferred stock (399) (399)
Payment of dividends on common stock (408) (408)
Treasury stock acquired — net employee share-based compensation (4) (7)
Proceeds from revolving credit facility, net 1,000 1,000
Net cash provided by financing activities 189 186
Net increase in cash 8,066 7,269
Cash and cash equivalents at beginning of year 35,570 28,301
Cash and cash equivalents at end of year 43,636 35,570
Supplemental cash flow information:    
Cash paid for interest 3,106 3,445
Cash paid for federal income taxes 1,652 580
Cash paid for state income taxes $ 187 $ 213