v3.26.3
Note 6 - Investments (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Investment [Table Text Block]

(in thousands)

  September 30, 2026   December 31, 2025 

Available-for-sale fixed maturities, at fair value (amortized cost of $40,207 and $37,005, respectively)

 $38,936  $36,765 

Limited liability investment, at fair value (a)

  3,232   3,476 

Limited liability investments (a)

  636   649 

Investments in private companies, at adjusted cost (a)

  575   575 

Short-term investments, at cost which approximates fair value

  180   178 

Total investments

 $43,559  $41,643 
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]

(in thousands)

 

September 30, 2026

 
  

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Estimated Fair Value

 

Fixed maturities:

                

U.S. government, government agencies and authorities

 $13,983  $—  $365  $13,618 

States, municipalities and political subdivisions

  934   —   14   920 

Mortgage-backed

  11,966   2   585   11,383 

Asset-backed

  1,664   —   36   1,628 

Corporate

  11,660   2   275   11,387 

Total fixed maturities

 $40,207  $4  $1,275  $38,936 

(in thousands)

 

December 31, 2025

 
  

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Estimated Fair Value

 

Fixed maturities:

                

U.S. government, government agencies and authorities

 $13,441  $97  $47  $13,491 

States, municipalities and political subdivisions

  1,788   3   20   1,771 

Mortgage-backed

  9,965   79   226   9,818 

Asset-backed

  1,365   10   11   1,364 

Corporate

  10,446   58   183   10,321 

Total fixed maturities

 $37,005  $247  $487  $36,765 
Investments Classified by Contractual Maturity Date [Table Text Block]

(in thousands)

 

September 30, 2026

 
  

Amortized Cost

  

Estimated Fair Value

 

Due in one year or less

 $7,637  $7,572 

Due after one year through five years

  20,358   19,845 

Due after five years through ten years

  6,650   6,367 

Due after ten years

  5,562   5,152 

Total

 $40,207  $38,936 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

(in thousands)

 

September 30, 2026

 
  

Less than 12 Months

  

Greater than 12 Months

  

Total

 
  

Estimated Fair Value

  

Unrealized Loss

  

Estimated Fair Value

  

Unrealized Loss

  

Estimated Fair Value

  

Unrealized Loss

 

Fixed maturities:

                        

U.S. government, government agencies and authorities

 $3,142  $51  $10,476  $314  $13,618  $365 

States, municipalities and political subdivisions

  578   5   341   9   919   14 

Mortgage-backed

  5,731   216   5,454   369   11,185   585 

Asset-backed

  1,222   26   132   10   1,354   36 

Corporate

  5,498   124   5,140   151   10,638   275 

Total fixed maturities

 $16,171  $422  $21,543  $853  $37,714  $1,275 

(in thousands)

 

December 31, 2025

 
  

Less than 12 Months

  

Greater than 12 Months

  

Total

 
  

Estimated Fair Value

  

Unrealized Loss

  

Estimated Fair Value

  

Unrealized Loss

  

Estimated Fair Value

  

Unrealized Loss

 

Fixed maturities:

                        

U.S. government, government agencies and authorities

 $2,477  $21  $2,370  $26  $4,847  $47 

States, municipalities and political subdivisions

  300   —   1,088   20   1,388   20 

Mortgage-backed

  336   1   3,433   225   3,769   226 

Asset-backed

  —   —   417   11   417   11 

Corporate

  408   —   6,113   183   6,521   183 

Total fixed maturities

 $3,521  $22  $13,421  $465  $16,942  $487 
Investment Income [Table Text Block]

(in thousands)

 

Three months ended September 30,

  

Nine months ended September 30,

 
  

2026

  

2025

  

2026

  

2025

 

Net investment income

 $535  $431  $1,333  $1,221 

Net realized (losses) gains

  (257)  (5)  1,707   52 

(Loss) gain on change in fair value of limited liability investment, at fair value

  (618)  111   51   289 

Interest and investment (loss) income, net

 $(340) $537  $3,091  $1,562 

(in thousands)

 

Three months ended September 30,

  

Nine months ended September 30,

 
  

2026

  

2025

  

2026

  

2025

 

Investment income:

                

Interest from fixed maturities

 $395  $357  $1,115  $1,044 

Dividends

  10   10   30   30 

Loss from limited liability investments

  (1)  (1)  (13)  (1)

Other

  155   108   294   251 

Gross investment income

  559   474   1,426   1,324 

Investment expenses

  (24)  (43)  (93)  (103)

Net investment income

 $535  $431  $1,333  $1,221 
Realized Gain (Loss) on Investments [Table Text Block]

(in thousands)

 

Three months ended September 30,

  

Nine months ended September 30,

 
  

2026

  

2025

  

2026

  

2025

 

Available-for-sale fixed maturities:

                

Gross realized gains

 $—  $—  $—  $— 

Gross realized losses

  —   (9)  —   (85)

Net realized losses on available-for-sale fixed maturities

  —   (9)  —   (85)

Limited liability investment, at fair value

  (266)  34   1,064   129 

Investments in private companies

  9   (30)  643   8 

Net realized (losses) gains

 $(257) $(5) $1,707  $52