Gross unrealized holding gain arising in the period

$ 4,528

$ 2,636

Available-for-sale securities:

15,200

4,512

Related income tax effect

(5,320)

(1,579)

Less: reclassification adjustment for net realized gains included in net income

^[1]

(9,168)

(2,595)

Related income tax effect

^[2]

3,209

908

Total other comprehensive income, net of tax

3,921

1,246

Total comprehensive income

$ 8,449

$ 3,882

[1]	Realized gains on available-for-sale securities recognized in realized investment gains, net on the accompanying consolidated statements of operations.
[2]	Income tax effect on reclassification adjustment for net realized gains included in income tax expense on the accompanying consolidated statements of operations.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Unearned Stock Grant Compensation [Member]	Treasury Stock [Member]	Total
Beginning Balance at Dec. 31, 2015	$ 55	$ 22,401	$ 56,623	$ 25,443	$ 4,584	$ (273)	$ (6,341)	$ 102,492
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	2,636	0	0	0	2,636
Other comprehensive income, net of tax	0	0	0	0	1,246	0	0	1,246
Dividends on common stock	0	0	0	(408)	0	0	0	(408)
Dividends on preferred stock	0	0	0	(399)	0	0	0	(399)
Restricted stock grants	0	0	461	0	0	(741)	280	0
Amortization of unearned compensation	0	0	0	0	0	586	0	586
Purchase of shares for treasury	0	0	0	0	0	0	(698)	(698)
Issuance of shares under stock plans	0	0	30	0	0	0	21	51
Ending Balance at Dec. 31, 2016	55	22,401	57,114	27,272	5,830	(428)	(6,738)	105,506
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	4,528	0	0	0	4,528
Other comprehensive income, net of tax	0	0	0	0	3,921	0	0	3,921
Dividends on common stock	0	0	0	(408)	0	0	0	(408)
Dividends on preferred stock	0	0	0	(399)	0	0	0	(399)
Restricted stock grants	0	0	363	0	0	(646)	283	0
Amortization of unearned compensation	0	0	0	0	0	495	0	495
Purchase of shares for treasury	0	0	0	0	0	0	(692)	(692)
Issuance of shares under stock plans	0	0	18	0	0	0	14	32
Ending Balance at Dec. 31, 2017	$ 55	$ 22,401	$ 57,495	$ 30,993	$ 9,751	$ (579)	$ (7,133)	$ 112,983

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares purchased (in shares)	188,066	173,008
Shares issued under stock plans (in shares)	8,892	13,177

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 4,528	$ 2,636
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred acquisition costs	10,630	11,884
Acquisition costs deferred	(14,349)	(12,993)
Realized investment gains, net	(9,168)	(2,595)
Compensation expense related to share awards	495	586
Depreciation and amortization	1,438	1,205
Deferred income tax benefit	(1,358)	(2)
Increase in receivables, net	(6,185)	(407)
Increase (decrease) in insurance reserves and policyholder funds	10,904	(666)
Increase in other liabilities	5,665	1,649
Other, net	34	19
Net cash provided by operating activities	2,634	1,316
Cash flows from investing activities:
Proceeds from investments sold	83,992	62,361
Proceeds from investments matured, called or redeemed	10,791	10,874
Investments purchased	(84,552)	(75,071)
Additions to property and equipment	(103)	(396)
Net cash provided by (used in) investing activities	10,128	(2,232)
Cash flows from financing activities:
Payment of dividends on Series D preferred stock	(399)	(399)
Payment of dividends on common stock	(408)	(408)
Proceeds from shares issued under stock plans	32	51
Purchase of shares for treasury	(692)	(698)
Net cash used in financing activities	(1,467)	(1,454)
Net increase (decrease) in cash	11,295	(2,370)
Cash and cash equivalents at beginning of year	13,252	15,622
Cash and cash equivalents at end of year	24,547	13,252
Supplemental cash flow information:
Cash paid for interest	1,705	1,544
Cash paid for income taxes	$ 1,400	$ 675

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1.

Summary of Significant Accounting Policies

Principles of Consolidation

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) which, for insurance companies, differ in some respects from the statutory accounting practices prescribed or permitted by regulatory authorities. These financial statements include the accounts of Atlantic American Corporation (“Atlantic American” or the “Parent”) and its subsidiaries (collectively with the Parent, the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. Operating results achieved in any historical period are not necessarily indicative of results to be expected in any future period.

At December 31, 2017, the Parent owned four insurance subsidiaries, Bankers Fidelity Life Insurance Company and its wholly-owned subsidiary, Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”), and American Southern Insurance Company and its wholly-owned subsidiary, American Safety Insurance Company (together known as “American Southern”), in addition to one non-insurance subsidiary, xCalibre Risk Services, Inc. The Parent has issued a guarantee of all liabilities of Bankers Fidelity.

Premium Revenue and Cost Recognition

Life insurance premiums are recognized as revenue when due; accident and health insurance premiums are recognized as revenue over the premium paying period and property and casualty insurance premiums are recognized as revenue over the period of the contract in proportion to the amount of insurance protection provided. Losses, benefits and expenses are accrued as incurred and are associated with premiums as they are earned so as to result in recognition of profits over the lives of the contracts. For traditional life insurance and long-duration health insurance, this association is accomplished by the provision of a future policy benefits reserve and the deferral and subsequent amortization of the costs of acquiring business, which are referred to as “deferred policy acquisition costs” (principally commissions, premium taxes, and other incremental direct costs of issuing policies). Deferred policy acquisition costs are amortized over the estimated premium-paying period of the related policies using assumptions consistent with those used in computing the policy benefits reserve. The Company provides for insurance benefits and losses on accident, health, and property-casualty claims based upon estimates of projected ultimate losses. Deferred policy acquisition costs for property and casualty insurance and short-duration health insurance are amortized over the effective period of the related insurance policies. Contingent commissions, if contractually applicable, are ultimately payable to agents based on the underlying profitability of a particular insurance contract or a group of insurance contracts, and are periodically evaluated and accrued as earned. In periods in which revisions are made to the estimated loss reserves related to the particular insurance contract or group of insurance contracts subject to such commissions, corresponding adjustments are also made to the related accruals. Deferred policy acquisition costs are expensed when such costs are deemed not to be recoverable from future premiums (for traditional life and long-duration health insurance) and from the related unearned premiums and investment income (for property and casualty and short-duration health insurance).

Intangibles

Intangibles consist of goodwill and other indefinite-lived intangible assets. Goodwill represents the excess of cost over the fair value of net assets acquired and is not amortized. Other indefinite-lived intangibles represent the value of licenses and are not amortized. The Company periodically reviews its goodwill and other indefinite-lived intangibles to determine if any adverse conditions exist that could indicate impairment. Conditions that could trigger impairment include, but are not limited to, a significant change in business climate that could affect the value of the related asset, an adverse action, or an assessment by a regulator. No impairment of the Company’s recorded intangibles was identified during any of the periods presented.

Investments

The Company’s investments in both fixed maturities, which include bonds and redeemable preferred stocks, and equity securities, which include common and non-redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss. The fair values of fixed maturities and equity securities are largely determined by either independent methods prescribed by the National Association of Insurance Commissioners (“NAIC”), which do not differ materially from publicly quoted market prices, when available, or independent broker quotations. The Company owns certain fixed maturities that do not have publicly quoted market values, but had an estimated fair value as determined by management of $1,369 and $1,264 at December 31, 2017 and 2016, respectively. Such values inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market values. Policy loans and real estate are carried at historical cost. Other invested assets are comprised of investments in limited partnerships, limited liability companies, and real estate joint ventures, and are accounted for using the equity method. If the value of a common stock, preferred stock, other invested asset, or publicly traded bond declines below its cost or amortized cost, as applicable, and the decline is considered to be other than temporary, a realized loss is recorded to reduce the carrying value of the investment to its estimated fair value, which becomes the new cost basis. The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. Premiums and discounts related to investments are amortized or accreted over the life of the related investment as an adjustment to yield using the effective interest method. Dividends and interest income are recognized when earned or declared. The cost of securities sold is based on specific identification. Unrealized gains (losses) in the value of invested assets are accounted for as a direct increase (decrease) in accumulated other comprehensive income in shareholders’ equity, net of deferred tax and, accordingly, have no effect on net income.

Income Taxes

Deferred income taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax basis of assets and liabilities and are adjusted for changes in tax laws and tax rates as those changes are enacted. The provision for income taxes represents the total amount of income taxes due related to the current year, plus the change in deferred income taxes during the year. A valuation allowance is recognized if, based on management’s assessment of the relevant facts, it is more likely than not that some portion of a deferred tax asset will not be realized.

Earnings Per Common Share

Basic earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period. Diluted earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period, plus options outstanding, if applicable, using the treasury stock method and the assumed conversion of the Series D preferred stock, if dilutive. Unless otherwise indicated, earnings per common share amounts are presented on a diluted basis.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and investments in short-term, highly liquid securities with original maturities of three months or less from date of purchase.

Recently Issued Accounting Standards

In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”). The FASB issued this guidance for the effect on deferred tax assets and liabilities related to items recorded in accumulated other comprehensive income (“AOCI”) resulting from legislated tax reform enacted on December 22, 2017. The tax reform reduced the federal tax rate applied to the Company’s deferred tax balances from 35% to 21% on enactment. Under current GAAP, the Company recorded the total effect of the change in enacted tax rates on deferred tax balances in the income tax expense component of net income. ASU 2018-02 permits the Company to reclassify out of AOCI and into retained earnings the “stranded” tax effects that resulted from recording the tax effects of unrealized investment gains at a 35% tax rate because the 14 point reduction in tax rate was recognized in net income instead of other comprehensive income. The Company will adopt the new guidance as of January 1, 2018. As a result of the reclassification, on January 1, 2018, the Company will reclassify $2,100 of stranded tax effects related to continuing operations which will have the effect of reducing AOCI and increasing retained earnings.

In March 2017, the FASB issued ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities (“ASU 2017-08”). This guidance shortens the amortization period for certain callable debt securities held at a premium to the earliest call date. Under current GAAP, premiums and discounts on callable securities generally are amortized to the maturity date. ASU 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018, although earlier adoption is permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 is intended to simplify the evaluation of goodwill. The updated guidance requires recognition and measurement of goodwill impairment based on the excess of the carrying value of the reporting unit compared to its estimated fair value, with the amount of the impairment not to exceed the carrying value of the reporting unit’s goodwill. Under existing guidance, if the reporting unit’s carrying value exceeds its estimated fair value, the Company allocates the fair value of the reporting unit to all of the assets and liabilities of the reporting unit to determine an implied goodwill value. An impairment loss is then recognized for the excess, if any, of the carrying value of the reporting unit’s goodwill compared to the implied goodwill value. The amendments in ASU 2017-04 are effective for interim and annual reporting periods beginning after December 15, 2019. The Company expects to adopt the updated guidance January 1, 2020 on a prospective basis as required, although earlier adoption is permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The issues addressed in ASU 2016-15 are: 1) debt prepayment or debt extinguishment costs, 2) settlement of zero-coupon debt instruments, 3) contingent consideration payments made after a business combination, 4) proceeds from the settlement of insurance claims, 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, 6) distributions received from equity method investees, 7) beneficial interests in securitization transactions and 8) separately identifiable cash flows and application of the predominance principle. The amendments in ASU 2016-15 are effective for interim and annual reporting periods beginning after December 15, 2017. The Company does not expect the adoption of this ASU to have an impact on its consolidated statements of cash flows.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires entities to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Under current GAAP, entities generally recognize credit losses when it is probable that the loss has been incurred. ASU 2016-13 will remove all recognition thresholds and will require entities to recognize an allowance for credit losses equal to the difference between the amortized cost basis of a financial instrument and the amount of amortized cost that the entity expects to collect over the instrument’s contractual life. ASU 2016-13 also amends the credit loss measurement guidance for available-for-sale (“AFS”) debt securities and beneficial interests in securitized financial assets. Credit losses on AFS debt securities carried at fair value will continue to be measured as other-than-temporary impairments (“OTTI”) when incurred; however, the losses will be recognized through an allowance and no longer as an adjustment to the cost basis. Recoveries of OTTI will be recognized as reversals of valuation allowances and no longer accreted as investment income through an adjustment to the investment yield. The allowance on AFS debt securities cannot cause the net carrying value to be below fair value and, therefore, it is possible that increases in fair value due to decreases in market interest rates could cause the reversal of a valuation allowance and increase net income. The new guidance will also require purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance to be recorded based on contractual amounts due and an initial allowance recorded at the date of purchase. For the Company, the amendments in ASU 2016-13 will be effective for interim and annual reporting periods beginning after December 15, 2019. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has not yet determined the timing of adoption. Implementation matters yet to be addressed include determining the impact of valuation allowances on the effective interest method for recognizing interest income from AFS debt securities as well as updating our investment accounting system functionality to adjust valuation allowances based on changes in fair value. The estimated effect on the Company’s financial statements can only be estimated based on the current investment portfolio at any given point in time, and accordingly, has not currently been determined.

In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). This guidance applies to all entities that issue share-based payment awards to their employees and is designed to simplify several areas of the accounting for share-based payment transactions, including income tax consequences, forfeitures, classification of awards as either equity or liabilities and related classification on the statement of cash flows. ASU 2016-09 requires the excess tax benefit or deficiency on vesting or settlement of awards to be recognized in earnings as an income tax benefit or expense, respectively. The Company adopted ASU 2016-09 as of January 1, 2017. Adoption of ASU 2016-09 did not have a material impact on the Company’s consolidated financial statements.

In March 2016, the FASB issued ASU No. 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting (“ASU 2016-07”). This guidance eliminates the requirement to retroactively adopt the equity method of accounting when an investment qualifies for the use of the equity method as a result of an increase in the level of ownership or degree of influence. Under ASU 2016-07, the equity method investor is required to add the cost of acquiring the additional interest in the investee to the current basis of the previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The Company adopted ASU 2016-07 as of January 1, 2017. Adoption of ASU 2016-07 did not have an impact on the Company’s consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Under ASU 2016-02, lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. Under the new guidance, lessees with operating leases will be required to recognize a liability for the present value of future minimum lease payments with a corresponding asset for the right of use of the property. Under existing guidance, future minimum lease payments on operating leases are commitments that are not recognized as liabilities on the balance sheet. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018 and requires a modified retrospective adoption, with early adoption permitted. The Company does not expect the adoption of ASU 2016-02 to have a material impact on its consolidated financial statements; however, it is expected that assets and liabilities will increase based on the present value of remaining lease payments for the minor number of leases which will be in place at the adoption date.

In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The new guidance will require investments in equity securities to be measured at fair value with any changes in valuation reported in net income except for investments that are consolidated or are accounted for under the equity method of accounting. The new guidance will also require a deferred tax asset resulting from net unrealized losses on available-for-sale (AFS) fixed maturities that are recognized in AOCI to be evaluated for recoverability in combination with the Company’s other deferred tax assets. Under existing guidance, the Company measures investments in equity securities, AFS at fair value with changes in fair value reported in other comprehensive income. As required, the Company will adopt the guidance effective January 1, 2018 through a cumulative effect adjustment to retained earnings. Early adoption is not allowed. The impact to the Company will be increased volatility in net income beginning in 2018. Any difference in the evaluation of deferred tax assets may also affect shareholders’ equity. Cash flows will not be affected. The impact will depend on the composition of the Company’s investment portfolio in the future and changes in fair value of the Company’s investments. As of January 1, 2018, the Company will reclassify from AOCI to retained earnings net unrealized gains of $9,825, after tax, related to equity securities, AFS having a fair value of $23,355. Had the new accounting guidance been in place since the beginning of 2017, the Company would have recognized mark-to-market gains of $2,361 after-tax in net income for the year ended December 31, 2017.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 as modified provides guidance for recognizing revenue. The guidance excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. This guidance is effective retrospectively on January 1, 2018, with a choice of restating prior periods or recognizing a cumulative effect for contracts in place as of adoption. The Company will adopt ASU 2014-09 on January 1, 2018. Based on current evaluations, the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Significant estimates and assumptions are used in developing and evaluating deferred income taxes, deferred acquisition costs, insurance reserves, investments, and receivables, among others, and actual results could differ materially from management’s estimates.

Investments

12 Months Ended

Dec. 31, 2017

Investments [Abstract ]

Investments

Note 2.

Investments

The following tables set forth the carrying value, gross unrealized gains, gross unrealized losses and cost or amortized cost of the Company’s investments, aggregated by type and industry, as of December 31, 2017 and December 31, 2016.

Investments were comprised of the following:

	2017
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,155	$	149	$	511	$	31,517
Obligations of states and political subdivisions		10,809		630		1		10,180
Corporate securities:
Utilities and telecom		21,882		1,709		130		20,303
Financial services		53,686		2,049		453		52,090
Other business – diversified		44,184		1,024		1,349		44,509
Other consumer – diversified		53,200		924		1,477		53,753
Total corporate securities		172,952		5,706		3,409		170,655
Redeemable preferred stocks:
Other consumer – diversified		192		—		—		192
Total redeemable preferred stocks		192		—		—		192
Total fixed maturities		215,108		6,485		3,921		212,544
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,588		624		—		964
Financial services		5,634		851		—		4,783
Other business – diversified		297		250		—		47
Other consumer – diversified		15,836		10,712		—		5,124
Total equity securities		23,355		12,437		—		10,918
Other invested assets		5,626		—		—		5,626
Policy loans		2,146		—		—		2,146
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	247,511	$	18,922	$	3,921	$	232,510

	2016
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,102	$	197	$	553	$	31,458
Obligations of states and political subdivisions		17,572		625		308		17,255
Corporate securities:
Utilities and telecom		18,034		1,462		88		16,660
Financial services		57,282		1,880		911		56,313
Other business – diversified		57,419		1,071		2,337		58,685
Other consumer – diversified		29,069		471		1,344		29,942
Total corporate securities		161,804		4,884		4,680		161,600
Redeemable preferred stocks:
Other consumer – diversified		192		—		—		192
Total redeemable preferred stocks		192		—		—		192
Total fixed maturities		210,670		5,706		5,541		210,505
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,601		637		—		964
Financial services		5,402		574		—		4,828
Other business – diversified		244		197		—		47
Other consumer – diversified		13,010		7,396		—		5,614
Total equity securities		20,257		8,804		—		11,453
Other invested assets		9,709		—		—		9,709
Policy loans		2,265		—		—		2,265
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	244,177	$	14,510	$	5,541	$	235,208

Bonds having an amortized cost of $11,178 and $11,435 and included in the tables above were on deposit with insurance regulatory authorities at December 31, 2017 and 2016, respectively, in accordance with statutory requirements.

The following table sets forth the carrying value, cost or amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of December 31, 2017 and 2016.

	2017							2016
	Carrying Value		Cost or Amortized Cost		Unrealized Gains (Losses)			Carrying Value		Cost or Amortized Cost		Unrealized Gains (Losses)
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,155	$	31,517	$	(362	)	$	31,102	$	31,458	$	(356	)
Obligations of states and political subdivisions		10,809		10,180		629			17,572		17,255		317
Utilities and telecom		23,470		21,267		2,203			19,635		17,624		2,011
Financial services		59,320		56,873		2,447			62,684		61,141		1,543
Other business – diversified		44,481		44,556		(75	)		57,663		58,732		(1,069	)
Other consumer – diversified		69,228		59,069		10,159			42,271		35,748		6,523
Other investments		9,048		9,048		—			13,250		13,250		—
Total investments	$	247,511	$	232,510	$	15,001		$	244,177	$	235,208	$	8,969

The following tables present the Company’s unrealized loss aging for securities by type and length of time the security was in a continuous unrealized loss position as of December 31, 2017 and 2016.

	2017
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	12,175	$	162	$	12,737	$	349	$	24,912	$	511
Obligations of states and political subdivisions		999		1		—		—		999		1
Corporate securities		40,108		653		32,667		2,756		72,775		3,409
Total temporarily impaired securities	$	53,282	$	816	$	45,404	$	3,105	$	98,686	$	3,921

	2016
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	23,494	$	553	$	—	$	—	$	23,494	$	553
Obligations of states and political subdivisions		8,747		308		—		—		8,747		308
Corporate securities		59,404		2,124		20,587		2,556		79,991		4,680
Total temporarily impaired securities	$	91,645	$	2,985	$	20,587	$	2,556	$	112,232	$	5,541

The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status.

As of December 31, 2017 and 2016, there were sixty-nine and seventy-seven securities, respectively, in an unrealized loss position which primarily included certain of the Company’s investments in fixed maturities within the other diversified business and other diversified consumer sectors. Securities in an unrealized loss position reported in the other diversified business sector included gross unrealized losses of $906 related to investments in fixed maturities of four different issuers, all related to the oil and gas industry. These issuers represent a diversified group of businesses which include, among others, exploration and production, pipeline owners and operators, deep water offshore rig owners and operators, all of which we believe are in continuing stages of rationalizing their current operations, investments, future capital expenditures and carefully managing and modifying their capital and liquidity positions. Based on publicly available information, the companies are continuing to assess and revise short-term, intermediate and long-term business plans in response to the current trends in oil and gas markets. All of the investees have continued to make regular interest payments on their debt when and as due and the Company continues to perform in-depth analyses of the publicly available financial disclosures of each of the investees on a regular basis. The Company does not currently intend to sell nor does it expect to be required to sell any of the securities in an unrealized loss position. Based upon the Company’s expected continuation of receipt of contractually required principal and interest payments and its intent and ability to retain the securities until price recovery, as well as the Company’s evaluation of other relevant factors, including those described above, the Company has deemed these securities to be temporarily impaired as of December 31, 2017.

The following describes the fair value hierarchy and provides information as to the extent to which the Company uses fair value to measure the value of its financial instruments and information about the inputs used to value those financial instruments. The fair value hierarchy prioritizes the inputs in the valuation techniques used to measure fair value into three broad levels.

Level 1

Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. The Company’s financial instruments valued using Level 1 criteria include cash equivalents and exchange traded common stocks.

Level 2

Observable inputs, other than quoted prices included in Level 1, for an asset or liability or prices for similar assets or liabilities. The Company’s financial instruments valued using Level 2 criteria include significantly all of its fixed maturities, which consist of U.S. Treasury securities and U.S. Government securities, obligations of states and political subdivisions, and certain corporate fixed maturities, as well as its non-redeemable preferred stocks. In determining fair value measurements of its fixed maturities and non-redeemable preferred stocks using Level 2 criteria, the Company utilizes data from outside sources, including nationally recognized pricing services and broker/dealers. Prices for the majority of the Company’s Level 2 fixed maturities and non-redeemable preferred stocks were determined using unadjusted prices received from pricing services that utilize a matrix pricing concept, which is a mathematical technique used widely in the industry to value debt securities based on various relationships to other benchmark quoted prices.

Level 3

Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Fair value is based on criteria that use assumptions or other data that are not readily observable from objective sources. The Company’s financial instruments valued using Level 3 criteria consist of a limited number of fixed maturities. As of December 31, 2017 and December 31, 2016, the value of the Company’s fixed maturities valued using Level 3 criteria was $1,369 and $1,264, respectively. The use of different criteria or assumptions regarding data may have yielded materially different valuations.

As of December 31, 2017, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	213,739		$	1,369	⁽¹⁾	$	215,108
Equity securities		17,973		5,382	⁽¹⁾		—			23,355
Cash equivalents		13,855		—			—			13,855
Total	$	31,828	$	219,121		$	1,369		$	252,318

⁽¹⁾

All underlying securities are financial service industry related.

As of December 31, 2016, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	209,406		$	1,264	⁽¹⁾	$	210,670
Equity securities		15,153		5,104	⁽¹⁾		—			20,257
Cash equivalents		9,811		—			—			9,811
Total	$	24,964	$	214,510		$	1,264		$	240,738

⁽¹⁾

All underlying securities are financial service industry related.

The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) from January 1, 2016 to December 31, 2017.

	Fixed Maturities
Balance, January 1, 2016	$	2,237
Total realized gains included in earnings		57
Total unrealized losses included in other comprehensive income		(30	)
Settlements		(1,000	)
Balance, December 31, 2016		1,264
Total unrealized gains included in other comprehensive income		105
Balance, December 31, 2017	$	1,369

The Company’s fixed maturities valued using Level 3 inputs consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies. They are not actively traded and valuation techniques used to measure fair value are based on future estimated cash flows (based on current cash flows) discounted at reasonable estimated rates of interest. There are no assumed prepayments and/or default probability assumptions as a majority of these instruments contain certain U.S. government agency strips to support repayment of the principal. Other qualitative and quantitative information received from the original underwriter of the pooled offerings is also considered, as applicable.

The carrying value and amortized cost of the Company’s investments in fixed maturities at December 31, 2017 and 2016 by contractual maturity were as follows. Actual maturities may differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.

	2017				2016
	Carrying Value		Amortized Cost		Carrying Value		Amortized Cost
Due in one year or less	$	1,653	$	1,655	$	2,544	$	2,507
Due after one year through five years		13,738		14,056		20,278		20,038
Due after five years through ten years		112,847		112,116		90,667		90,926
Due after ten years		67,328		64,928		80,099		79,627
Varying maturities		19,542		19,789		17,082		17,407
Totals	$	215,108	$	212,544	$	210,670	$	210,505

Investment income was earned from the following sources:

	2017			2016
Fixed maturities	$	8,297		$	9,122
Equity securities		467			491
Other		(268	)		271
Total investment income		8,496			9,884
Less investment expenses, included in other expenses		(789	)		(577	)
Net investment income	$	7,707		$	9,307

A summary of realized investment gains (losses) follows:

	2017
	Fixed Maturities			Equity Securities		Other Invested Assets		Total
Gains	$	2,226		$	1,044	$	6,040	$	9,310
Losses		(142	)		—		—		(142	)
Realized investment gains, net	$	2,084		$	1,044	$	6,040	$	9,168

	2016
	Fixed Maturities			Equity Securities		Other Invested Assets		Total
Gains	$	1,119		$	—	$	1,565	$	2,684
Losses		(89	)		—		—		(89	)
Realized investment gains, net	$	1,030		$	—	$	1,565	$	2,595

Proceeds from the sales of investments were as follows:

	2017		2016
Fixed maturities	$	72,760	$	59,072
Equity securities		1,579		—
Other investments		9,653		3,289
Total proceeds	$	83,992	$	62,361

The Company’s bond portfolio included 92% investment grade securities, as defined by the NAIC, at December 31, 2017.

Insurance Reserves and Policyholder Funds

12 Months Ended

Dec. 31, 2017

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]

Insurance Reserves and Policyholder Funds

Note 3.

Insurance Reserves and Policyholder Funds

The following table presents the Company’s reserves for life, accident and health, and property and casualty losses, claims and loss adjustment expenses at December 31, 2017 and 2016.

					Amount of Insurance In Force, Net
	2017		2016		2017		2016
Future policy benefits
Life insurance policies:
Ordinary	$	54,752	$	54,554	$	238,534	$	245,017
Mass market		1,693		2,003		2,070		2,463
Individual annuities		50		84		—		—
		56,495		56,641	$	240,604	$	247,480
Accident and health insurance policies		25,940		18,202
		82,435		74,843
Unearned premiums		23,449		23,208
Losses, claims and loss adjustment expenses		65,689		62,562
Other policy liabilities		2,010		2,066
Total insurance reserves and policyholder funds	$	173,583	$	162,679

Annualized premiums for accident and health insurance policies were $105,422 and $95,956 at December 31, 2017 and 2016, respectively.

Future Policy Benefits

Liabilities for life insurance future policy benefits are based upon assumed future investment yields, mortality rates, and withdrawal rates after giving effect to possible risks of unexpected claim experience. The assumed mortality and withdrawal rates are based upon the Company’s experience. The interest rates assumed for life, accident and health future policy benefits are generally: (i) 2.5% to 5.5% for issues prior to 1977, (ii) 7% graded to 5.5% for 1977 through 1979 issues, (iii) 9% for 1980 through 1987 issues, (iv) 5% to 7% for 1988 through 2009 issues, (v) 4% for 2010 through 2012 issues, and (vi) 3.5% to 4.0% for 2013 through 2017 issues.

Loss and Claim Reserves

Loss and claim reserves represent estimates of projected ultimate losses and are based upon: (a) management’s estimate of ultimate liability and claims adjusters’ evaluations for unpaid claims reported prior to the close of the accounting period, (b) estimates of incurred but not reported (“IBNR”) claims based on past experience, and (c) estimates of loss adjustment expenses. The estimated liability is periodically reviewed by management and updated, with changes to the estimated liability recorded in the statement of operations in the year in which such changes are known.

Activity in the liability for unpaid loss and claim reserves is summarized as follows:

	2017			2016
Balance at January 1	$	62,562		$	63,870
Less: Reinsurance recoverable on unpaid losses		(10,796	)		(11,741	)
Net balance at January 1		51,766			52,129

Incurred related to:
Current year		114,099			103,252
Prior years		(1,765	)		(3,377	)
Total incurred		112,334			99,875

Paid related to:
Current year		82,092			71,980
Prior years		28,287			28,258
Total paid		110,379			100,238
Net balance at December 31		53,721			51,766
Plus: Reinsurance recoverable on unpaid losses		11,968			10,796
Balance at December 31	$	65,689		$	62,562

Prior years’ development was primarily the result of better than expected development on prior years loss and claim reserves for certain lines of business in American Southern.

Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred:

	2017		2016
Total incurred losses	$	112,334	$	99,875
Cash surrender value and matured endowments		1,442		1,278
Benefit reserve changes		3,739		2,044
Total insurance benefits and losses incurred	$	117,515	$	103,197

Liability for Unpaid Losses, Claims and Loss Adjustment Expenses

The following is information, by significant product lines, about incurred and paid claims development as of December 31, 2017, net of reinsurance, as well as the cumulative number of reported claims and the total of IBNR reserves plus expected development on reported claims included within the net incurred claims amounts.

The information about incurred and paid claims development for the years ended December 31, 2008 to 2017 is presented as supplementary information.

Medicare Supplement

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	29,344	$	28,698	$	28,721	$	28,712	$	28,688	$	28,687	$	28,683	$	28,683	$	28,682	$	28,682	$	—		533,112
2009				31,124		30,455		30,481		30,447		30,438		30,432		30,431		30,430		30,430		—		560,430
2010						34,849		34,328		34,323		34,303		34,282		34,272		34,268		34,265		—		625,695
2011								38,188		38,296		38,360		38,327		38,316		38,302		38,299		—		664,049
2012										50,021		50,996		51,021		50,998		50,989		50,987		—		867,047
2013												56,974		56,970		57,034		57,023		57,021		—		957,350
2014														57,179		56,938		56,981		56,981		—		939,444
2015																55,482		54,939		54,993		—		898,270
2016																		58,849		59,851		100		1,034,900
2017																				67,960		9,822		1,303,865
																			$	479,469

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	24,055	$	28,698	$	28,721	$	28,712	$	28,688	$	28,687	$	28,683	$	28,683	$	28,682	$	28,682
2009				29,866		30,455		30,481		30,447		30,438		30,432		30,431		30,430		30,430
2010						29,127		34,328		34,323		34,303		34,282		34,272		34,268		34,265
2011								31,720		38,296		38,360		38,327		38,316		38,302		38,299
2012										42,267		50,996		51,021		50,998		50,989		50,987
2013												47,770		56,970		57,034		57,023		57,021
2014														48,024		56,938		56,981		56,981
2015																45,430		54,876		54,993
2016																		49,165		59,747
2017																				57,696
																			$	469,101
			Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																$	10,368

The cumulative number of reported claims for the Medicare Supplement line of business is the number of distinct claims incurred and submitted to Medicare for payment in the given year. Multiple payments on the same claim are not counted in the frequency information. Estimated ultimate claims incurred, using claims data reported during each month of any given year, are calculated using the chain ladder method modified to use seasonality and trend-adjusted expected claims for the final two months. Additional adjustments to the estimated ultimate claims incurred are then applied to account for seasonal changes in billing and payment frequencies. The IBNR reserve is calculated as estimated ultimate claims less paid claims and claims in course of settlement. Thirty-six months of loss data are used to develop the estimated ultimate incurred claims. Similar approaches are used for other less significant health products, subject to modifications to account for unique aspects of the product.

Automobile Liability

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	9,723	$	7,011	$	6,627	$	6,374	$	6,124	$	6,112	$	6,106	$	6,104	$	6,105	$	6,105	$	—		1,534
2009				10,817		8,891		8,659		8,558		8,245		8,123		8,155		8,154		8,153		—		1,755
2010						10,752		10,818		10,547		9,937		10,068		10,185		10,202		10,201		—		1,947
2011								12,263		13,802		13,235		13,289		13,281		13,495		13,385		30		2,132
2012										12,980		15,007		14,108		13,707		13,313		13,343		22		3,340
2013												18,664		20,702		21,096		21,823		21,352		162		3,260
2014														20,812		21,881		22,041		22,353		816		3,536
2015																18,521		19,857		20,017		1,904		3,492
2016																		20,549		21,275		3,049		3,755
2017																				22,179		7,311		3,385
																			$	158,363

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	2,426	$	4,202	$	5,077	$	5,695	$	5,839	$	6,065	$	6,104	$	6,104	$	6,105	$	6,105
2009				3,250		5,208		6,353		7,502		7,995		8,123		8,155		8,154		8,153
2010						3,211		6,274		8,291		9,382		9,725		10,056		10,090		10,206
2011								4,205		7,934		9,858		12,071		13,039		13,106		13,199
2012										4,627		8,791		11,507		12,932		13,197		13,211
2013												5,144		12,193		16,782		19,407		20,382
2014														6,822		13,807		17,554		20,177
2015																6,226		11,878		14,938
2016																		6,796		13,141
2017																				7,401
																			$	126,913
			Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																$	31,450

Automobile Physical Damage

	For the Years Ended December 31,
	(Unaudited)										As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance										IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2013	$	6,039	$	5,515	$	5,536	$	5,599	$	5,599	$	—		1,598
2014				8,079		7,657		7,583		7,562		—		1,635
2015						8,287		7,955		7,887		—		1,588
2016								6,877		6,386		3		1,261
2017										6,257		105		1,238
									$	33,691

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2013		2014		2015		2016		2017
2013	$	4,778	$	5,486	$	5,466	$	5,599	$	5,599
2014				6,437		7,619		7,570		7,562
2015						6,745		7,937		7,885
2016								5,804		6,353
2017										5,215
									$	32,614
	All outstanding liabilities before 2013, net of reinsurance									33
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance									$	1,110

General Liability

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	5,386	$	4,359	$	2,858	$	2,685	$	2,479	$	2,489	$	2,507	$	2,548	$	2,647	$	2,853	$	23		393
2009				3,392		2,215		1,944		1,730		1,702		1,727		1,828		1,832		1,888		8		290
2010						4,114		2,699		2,269		2,337		2,258		2,400		2,423		2,473		4		289
2011								3,022		1,723		1,452		1,338		1,174		1,242		1,327		11		201
2012										4,055		1,305		1,269		1,270		1,214		1,333		26		157
2013												3,461		728		926		817		865		18		187
2014														3,744		501		557		476		40		192
2015																4,421		1,037		1,227		348		143
2016																		3,119		1,148		440		81
2017																				1,490		1,241		58
																			$	15,080

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	534	$	1,091	$	1,637	$	1,861	$	2,023	$	2,123	$	2,418	$	2,506	$	2,564	$	2,755
2009				476		941		1,082		1,410		1,629		1,662		1,796		1,816		1,855
2010						284		678		1,374		1,542		2,037		2,368		2,382		2,457
2011								295		412		582		835		1,161		1,169		1,278
2012										371		707		847		1,034		1,113		1,219
2013												104		339		579		811		791
2014														171		299		331		369
2015																98		259		464
2016																		116		203
2017																				75
																			$	11,466
All outstanding liabilities before 2008, net of reinsurance																				288
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	3,902

Surety

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	3,883	$	2,098	$	2,420	$	2,312	$	2,312	$	2,360	$	2,360	$	2,324	$	2,324	$	2,324	$	—		62
2009				4,920		5,025		4,239		3,951		3,616		4,636		4,916		4,664		4,667		—		83
2010						3,995		4,624		3,618		3,396		3,607		3,549		3,563		3,534		—		95
2011								4,422		4,786		5,080		5,092		4,966		5,031		5,112		—		126
2012										4,979		4,767		5,396		5,345		4,869		4,880		—		87
2013												3,060		2,007		2,743		2,947		2,866		13		57
2014														3,214		3,130		2,990		2,760		4		51
2015																1,902		1,630		1,400		78		49
2016																		3,314		1,812		39		45
2017																				4,677		2,043		52
																			$	34,032

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	503	$	1,369	$	2,261	$	2,232	$	2,311	$	2,359	$	2,360	$	2,324	$	2,324	$	2,324
2009				103		1,595		2,640		3,205		3,410		3,760		3,757		4,663		4,666
2010						928		2,193		2,780		2,943		3,252		3,545		3,560		3,534
2011								1,031		3,207		4,622		4,748		4,939		5,022		5,109
2012										2,257		4,581		4,856		5,331		4,869		4,880
2013												323		1,010		1,369		2,763		2,789
2014														1,331		2,327		2,727		2,739
2015																641		856		1,127
2016																		1,054		1,732
2017																				1,971
																			$	30,871
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	3,161

For the property and casualty lines of business, the number of claims presented above equals the number of occurrences by type of claim reported to the Company. The number of claims reported during a given year corresponds to the number of claims records opened during the year. Frequency information is maintained on a cumulative basis by accident year by line of business. For automobile claims, a claim count is separately maintained for bodily injury, property damage and physical damage claims. The Company has consistently monitored claim frequency on this basis, and believes this provides more meaningful information than using claimant count which can change over the course of settling a claim.

In general, when a claim is reported, claims representatives establish a “case reserve” for the estimated amount of the ultimate payment based on the known information of the claim at that time. Claims managers review and monitor all property and casualty claims in excess of $25,000. As new information becomes available or payments are made on a claim, the case reserve is adjusted to reflect the revised estimate of the ultimate amount to be paid out. Estimates and assumptions pertaining to individual claims are based on complex and subjective judgments and subject to change at any time as new information becomes available.

In addition to case reserves, IBNR reserves are established to provide for claims which have not been reported to the Company as of the reporting date as well as potential adverse development on known case reserves. IBNR reserve estimates are derived through a number of analytical techniques. Actuarial data is analyzed by line of business, coverage and accident year. Qualitative factors are also considered in determining IBNR reserves and include such factors as judicial decisions, general economic trends such as inflation, changes in policy forms, and underwriting changes. Reserves are reviewed quarterly and any indicated adjustments are made.

Because of the inherent uncertainties in establishing both case and IBNR reserves, ultimate loss experience may prove better or worse than indicated by the combined claim reserves. Adjustments to claim reserves are reflected in the period recognized and could increase or decrease earnings for the period.

The following is supplementary information about average historical claims duration as of December 31, 2017.

Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited)
Reserve Line	1st Year			2nd Year			3rd Year			4th Year			5th Year			6th Year			7th Year			8th Year			9th Year			10th Year
Medicare Supplement		83.7	%		16.4	%		0.1	%		-0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Automobile Liability		32.8	%		29.4	%		17.1	%		12.3	%		4.3	%		1.8	%		0.5	%		0.4	%		0.0	%		0.0	%
Automobile Physical Damage		86.0	%		13.0	%		-0.6	%		1.1	%		0.0	%
General Liability		17.7	%		18.8	%		16.2	%		14.3	%		10.9	%		5.4	%		6.6	%		2.4	%		2.0	%		6.7	%
Surety		32.2	%		34.2	%		19.6	%		11.0	%		2.0	%		3.9	%		0.5	%		5.7	%		0.0	%		0.0	%

The reconciliation of the net incurred and paid claims development tables to the liability for losses, claims and loss adjustment expenses is as follows:

	December 31, 2017
Net outstanding liabilities:
Medicare Supplement	$	10,368
Automobile Liability		31,450
Automobile Physical Damage		1,110
General Liability		3,902
Surety		3,161
Other short-duration insurance lines		2,004
Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance		51,995

Reinsurance recoverable on unpaid losses:
Medicare Supplement		4,748
Automobile Liability		5,245
Automobile Physical Damage		116
General Liability		1,859
Total reinsurance recoverable on unpaid losses		11,968

Unallocated claims adjustment expenses		1,726

Total gross liability for unpaid losses, claims and loss adjustment expenses	$	65,689

Reinsurance

12 Months Ended

Dec. 31, 2017

Reinsurance [Abstract]

Reinsurance

Note 4.

Reinsurance

In accordance with general practice in the insurance industry, portions of the life, property and casualty insurance written by the Company are reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately 99% of the Company’s reinsurance recoverables were due from two reinsurers as of December 31, 2017. Reinsurance recoverables of $60 were due from Swiss Reinsurance Corporation, rated “AA-” by Standard & Poor’s and “A+” (Superior) by A.M. Best and $17,449 were due from General Re Life Corporation, rated “AA+” by Standard & Poor’s and “A++” (Superior) by A.M. Best. Allowances for uncollectible amounts are established against reinsurance recoverables, if appropriate.

The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

	2017			2016
Direct premiums written	$	181,568		$	142,200
Assumed premiums written		19,373			19,123
Ceded premiums written		(38,019	)		(10,225	)
Net premiums written	$	162,922		$	151,098

Direct premiums earned	$	181,458		$	144,339
Assumed premiums earned		19,241			19,124
Ceded premiums earned		(37,372	)		(9,998	)
Net premiums earned	$	163,327		$	153,465

Provision for benefits and losses incurred	$	147,444		$	109,616
Reinsurance loss recoveries		(29,929	)		(6,419	)
Insurance benefits and losses incurred	$	117,515		$	103,197

Components of reinsurance recoverables at December 31, 2017 and 2016 were as follows:

	2017		2016
Recoverable on unpaid losses	$	11,968	$	10,796
Recoverable on unpaid benefits		4,403		655
Ceded unearned premiums		874		227
Ceded advanced premiums		368		25
Total reinsurance recoverables	$	17,613	$	11,703

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Income Taxes

Note 5.

Income Taxes

Total income taxes were allocated as follows:

	2017		2016
Total tax expense on income	$	828	$	888

Tax expense on components of shareholders’ equity:
Net unrealized gains on investment securities		2,111		671
Total tax expense	$	2,939	$	1,559

A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and the income tax expense is as follows:

	2017			2016
Federal income tax provision at statutory rate of 35%	$	1,875		$	1,233
Dividends-received deduction		(92	)		(95	)
Small life insurance company deduction		(613	)		(376	)
Other		72			55
Remeasurement of deferred taxes due to tax reform enactment		(395	)		—
Adjustment for prior years’ estimates to actual		(19	)		71
Income tax expense	$	828		$	888
Effective tax rate		15.5	%		25.2	%

The primary differences between the effective tax rate and the federal statutory income tax rate for 2017 and 2016 resulted from the dividends-received deduction (“DRD”), the small life insurance company deduction (“SLD”) and the remeasurement of deferred taxes. The current estimated DRD is adjusted as underlying factors change and can vary from estimates based on, but not limited to, actual distributions from investments as well as the amount of the Company’s taxable income. The SLD varies in amount and is determined at a rate of 60 percent of the tentative life insurance company taxable income (“LICTI”). The SLD for any taxable year is reduced (but not below zero) by 15 percent of the tentative LICTI for such taxable year as it exceeds $3,000 and is ultimately phased out at $15,000. The remeasurement of deferred taxes resulted from legislated tax reform enacted on December 22, 2017. The tax reform reduced the federal tax rate applied to the Company’s deferred tax balances from 35% to 21% on enactment.

Deferred tax liabilities and assets at December 31, 2017 and 2016 were comprised of the following:

	2017			2016
Deferred tax liabilities:
Deferred acquisition costs	$	(1,200	)	$	(2,345	)
Deferred and uncollected premiums		(377	)		(654	)
Net unrealized investment gains		(3,150	)		(3,140	)
Other		(331	)		(666	)
Total deferred tax liabilities		(5,058	)		(6,805	)
Deferred tax assets:
Insurance reserves		3,216			4,589
Impaired assets		869			1,454
Alternative minimum tax credit		—			282
Bad debts and other		380			640
Total deferred tax assets		4,465			6,965
Net deferred tax asset (liability)	$	(593	)	$	160

The components of income tax expense were:

	2017			2016
Current - Federal	$	2,186		$	890
Deferred - Federal		(1,358	)		(2	)
Total	$	828		$	888

The Company has formal tax-sharing agreements, and files a consolidated income tax return, with its subsidiaries. Tax years prior to 2012 have been audited by the Internal Revenue Service and are closed.

Junior Subordinated Debentures

12 Months Ended

Dec. 31, 2017

Junior Subordinated Debentures [Abstract]

Junior Subordinated Debentures

Note 6.

Junior Subordinated Debentures

The Company has two unconsolidated Connecticut statutory business trusts, which exist for the exclusive purposes of: (i) issuing trust preferred securities (“Trust Preferred Securities”) representing undivided beneficial interests in the assets of the trusts; (ii) investing the gross proceeds of the Trust Preferred Securities in junior subordinated deferrable interest debentures (“Junior Subordinated Debentures”) of Atlantic American; and (iii) engaging in those activities necessary or incidental thereto.

The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2017 and 2016, was as follows:

	Atlantic American Statutory Trust I	Atlantic American Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES⁽¹⁾⁽²⁾
Principal amount owed	$18,042	$23,196
Balance December 31, 2017	$18,042	$23,196
Less: Treasury debt⁽³⁾		(7,500)
Net balance December 31, 2017	$18,042	$15,696
Net balance December 31, 2016	$18,042	$15,696
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Interest payable	Quarterly	Quarterly
Maturity date	December 4, 2032	May 15, 2033
Redeemable by issuer	Yes	Yes
TRUST PREFERRED SECURITIES
Issuance date	December 4, 2002	May 15, 2003
Securities issued	17,500	22,500
Liquidation preference per security	$ 1	$ 1
Liquidation value	$17,500	$22,500
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Distribution payable	Quarterly	Quarterly
Distribution guaranteed by⁽⁴⁾	Atlantic American Corporation	Atlantic American Corporation

⁽¹⁾

For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures’ respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company’s common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities.

⁽²⁾

The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries.

⁽³⁾

In 2014, the Company acquired $7,500 of the Junior Subordinated Debentures.

⁽⁴⁾

The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 7.

Commitments and Contingencies

Litigation

From time to time, the Company is, and expects to continue to be, involved in various claims and lawsuits incidental to and in the ordinary course of its business. In the opinion of management, any such known claims are not expected to have a material effect on the financial condition or results of operations of the Company.

Operating Lease Commitments

The Company’s rental expense, including common area charges, for operating leases was $1,306 and $1,277 in 2017 and 2016, respectively. The Company’s future minimum base lease obligations under non-cancelable operating leases are as follows:

Year Ending December 31,
2018	$	928
2019		495
2020		528
Thereafter		3,785
Total	$	5,736

Benefit Plans

12 Months Ended

Dec. 31, 2017

Benefit Plans [Abstract]

Benefit Plans

Note 8.

Benefit Plans

Equity Incentive Plan

On May 1, 2012, the Company’s shareholders approved the 2012 Equity Incentive Plan (the “2012 Plan”). The 2012 Plan authorizes the grant of up to 2,000,000 stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other awards for the purpose of providing the Company’s non-employee directors, consultants, officers and other employees incentives and rewards for superior performance. In 2017, a total of 182,000 restricted shares, with an estimated fair value of $646, were issued under the 2012 Plan. In 2016, a total of 180,000 restricted shares, with an estimated fair value of $741, were issued under the 2012 Plan. The estimated fair value of the restricted shares issued under the 2012 Plan for 2017 and 2016 was based on the common stock price at date of grant. Vesting of restricted shares generally occurs after a one to three year period. There were no stock options granted or outstanding under the 2012 Plan in 2017 or 2016. Shares available for future grant at December 31, 2017 and 2016 were 1,241,200 and 1,423,200, respectively.

401(k) Plan

The Company initiated an employees’ savings plan (the “Plan”) qualified under Section 401(k) of the Internal Revenue Code in May 1995. The Plan covers substantially all of the Company’s employees. Effective January 1, 2009, the Company modified the Plan such that the Plan would operate on a safe harbor basis. Under the Plan, employees may defer up to 50% of their compensation, not to exceed the annual deferral limit. The Company’s total matching contribution for 2017 and 2016 was $237 and $223, respectively, and consisted of a contribution equal to 35% of up to the first 6% of each participant’s contributions. In addition to the matching contribution, the Company also provided a 3% safe harbor non-elective contribution in 2017 and 2016 of $450 and $433, respectively. All contributions were made in cash. Participants are 100% vested in their own contributions and the vested percentage attributable to certain employer contributions is based on a five year graded schedule.

Agent Stock Purchase Plan

The Company initiated a nonqualified stock purchase plan (the “Agent Stock Purchase Plan”) in May 2012. The purpose of the Agent Stock Purchase Plan is to promote and advance the interests of the Company and its shareholders by providing independent agents who qualify as participants with an opportunity to purchase the common stock of the Company. Under the Agent Stock Purchase Plan, payment for shares of common stock of the Company is made by either deduction from an agent’s commission payment or a direct cash payment. Stock purchases are made at the end of each calendar quarter at the then current market value.

Preferred Stock

12 Months Ended

Dec. 31, 2017

Preferred Stock [Abstract]

Preferred Stock

Note 9.

Preferred Stock

The Company had 55,000 shares of Series D preferred stock (“Series D Preferred Stock”) outstanding at December 31, 2017 and 2016, respectively. All of the shares of Series D Preferred Stock are held by an affiliate of the Company’s controlling shareholder. The outstanding shares of Series D Preferred Stock have a stated value of $100 per share; accrue annual dividends at a rate of $7.25 per share (payable in cash or shares of the Company’s common stock at the option of the board of directors of the Company) and are cumulative. In certain circumstances, the shares of the Series D Preferred Stock may be convertible into an aggregate of approximately 1,378,000 shares of the Company’s common stock, subject to certain adjustments and provided that such adjustments do not result in the Company issuing more than approximately 2,703,000 shares of common stock without obtaining prior shareholder approval; and are redeemable solely at the Company’s option. The Series D Preferred Stock is not currently convertible. The Company had accrued, but unpaid, dividends, on the Series D Preferred Stock of $18 at December 31, 2017 and 2016. During each of 2017 and 2016, the Company paid Series D Preferred Stock dividends of $399.

Earnings Per Common Share

12 Months Ended

Dec. 31, 2017

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 10.

Earnings Per Common Share

A reconciliation of the numerator and denominator of the earnings per common share calculations is as follows:

	For the Year Ended December 31, 2017
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	4,528			20,431
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	4,129			20,431	$	.20

	For the Year Ended December 31, 2016
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	2,636			20,445
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	2,237			20,445	$	.11

The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2017 and 2016 since its impact would have been antidilutive.

Statutory Reporting

12 Months Ended

Dec. 31, 2017

Statutory Reporting [Abstract]

Statutory Reporting

Note 11.

Statutory Reporting

The assets, liabilities and results of operations have been reported on the basis of GAAP, which varies in some respects from statutory accounting practices (“SAP”) prescribed or permitted by insurance regulatory authorities. The principal differences between SAP and GAAP are that under SAP: (i) certain assets that are non-admitted assets are eliminated from the balance sheet; (ii) acquisition costs for policies are expensed as incurred, while they are deferred and amortized over the estimated life of the policies under GAAP; (iii) the provision that is made for deferred income taxes is different than under GAAP; (iv) the timing of establishing certain reserves is different than under GAAP; and (v) certain valuation allowances attributable to certain investments are different.

The amount of reported statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 was as follows:

	2017			2016
Life and Health, net income (loss)	$	(2,880	)	$	1,133
Property and Casualty, net income		6,647			6,470
Statutory net income	$	3,767		$	7,603

Life and Health, surplus	$	34,135		$	33,430
Property and Casualty, surplus		43,348			41,489
Statutory surplus	$	77,483		$	74,919

Under the insurance code of the state in which each insurance subsidiary is domiciled, dividend payments to the Parent by its insurance subsidiaries are subject to certain limitations without the prior approval of the applicable state’s Insurance Commissioner. The Parent received dividends of $4,850 and $5,508 in 2017 and 2016, respectively, from its subsidiaries. In 2018, dividend payments to the Parent by the insurance subsidiaries in excess of $4,761 would require prior approval.

Related Party Transactions

12 Months Ended

Dec. 31, 2017

Related Party Transactions

Note 12.

Related Party Transactions

In the normal course of business the Company has engaged in transactions with entities affiliated with the controlling shareholder of the Company. These transactions include the leasing of office space as well as certain investing and financing activities. At December 31, 2017, two members of the Company’s board of directors, including our chairman, president and chief executive officer, were considered to be affiliates of the majority shareholder.

The Company leases approximately 49,586 square feet of office and covered garage space from one such controlled entity. During the years ended December 31, 2017 and 2016, the Company paid $866 and $882, respectively, under this lease.

Certain financing for the Company has also been provided by this entity in the form of an investment in the Series D Preferred Stock (See Note 9). During the years ended December 31, 2017 and 2016, the Company paid this entity $399 in dividends on the Series D Preferred Stock.

Certain members of the Company’s management and board of directors are shareholders and on the board of directors of Gray Television, Inc. (“Gray”). As of December 31, 2017 and 2016, the Company owned 880,272 shares of Gray Class A common stock and 106,000 shares of Gray common stock. The aggregate carrying value of these investments in Gray at December 31, 2017 and 2016 was $14,407 and $10,305, respectively.

During the years ended December 31, 2017 and 2016, the Company paid approximately $54 and $215, respectively, to a digital marketing services organization, which is an affiliate of Gray. Services purchased primarily included assistance with website marketing initiatives on behalf of the Company’s life and health operations.

During the years ended December 31, 2017 and 2016, Gray paid the Company approximately $597 and $478, respectively, in employer paid insurance premiums related to a group accident plan.

Segment Information

12 Months Ended

Dec. 31, 2017

Segment Information [Abstract]

Segment Information

Note 13.

Segment Information

The Parent’s primary insurance subsidiaries operate with relative autonomy and each company is evaluated based on its individual performance. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each segment derives revenue from the collection of premiums, as well as from investment income. Substantially all revenue other than that in the corporate and other segment is from external sources.

	For the Year Ended December 31, 2017
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	53,661		$	109,666		$	—		$	—		$	163,327
Insurance benefits and losses incurred		34,486			83,029			—			—			117,515
Expenses deferred		(8,062	)		(6,287	)		—			—			(14,349	)
Amortization and depreciation expense		8,543			2,825			712			—			12,080
Other expenses		15,951			38,196			16,191			(9,826	)		60,512
Total expenses		50,918			117,763			16,903			(9,826	)		175,758
Underwriting income (loss)		2,743			(8,097	)
Investment income		3,332			5,021			2,267			(2,124	)		8,496
Other income		11			8			7,806			(7,702	)		123
Operating income (loss)		6,086			(3,068	)		(6,830	)		—			(3,812	)
Net realized gains		2,481			2,800			3,887			—			9,168
Income (loss) before income taxes	$	8,567		$	(268	)	$	(2,943	)	$	—		$	5,356
Total revenues	$	59,485		$	117,495		$	13,960		$	(9,826	)	$	181,114
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	126,313		$	185,624		$	147,653		$	(116,351	)	$	343,239

	For the Year Ended December 31, 2016
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	53,763		$	99,702		$	—		$	—		$	153,465
Insurance benefits and losses incurred		34,408			68,789			—			—			103,197
Expenses deferred		(7,834	)		(5,159	)		—			—			(12,993	)
Amortization and depreciation expense		8,709			3,667			713			—			13,089
Other expenses		15,562			37,258			15,761			(9,321	)		59,260
Total expenses		50,845			104,555			16,474			(9,321	)		162,553
Underwriting income (loss)		2,918			(4,853	)
Investment income		3,868			5,725			2,217			(1,926	)		9,884
Other income		—			10			7,518			(7,395	)		133
Operating income (loss)		6,786			882			(6,739	)		—			929
Net realized gains (losses)		528			2,068			(1	)		—			2,595
Income (loss) before income taxes	$	7,314		$	2,950		$	(6,740	)	$	—		$	3,524
Total revenues	$	58,159		$	107,505		$	9,734		$	(9,321	)	$	166,077
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	123,721		$	168,657		$	138,694		$	(112,472	)	$	318,600

Disclosures About Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2017

Disclosures About Fair Value of Financial Instruments [Abstract]

Disclosures About Fair Value of Financial Instruments

Note 14.

Disclosures About Fair Value of Financial Instruments

The estimated fair values have been determined by the Company using available market information from various market sources and appropriate valuation methodologies as of the respective dates. However, considerable judgment is necessary to interpret market data and to develop the estimates of fair value. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, the estimates presented herein are not necessarily indicative of the amounts which the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of December 31, 2017 and 2016.

	Level in Fair Value Hierarchy⁽¹⁾	2017				2016
	Level in Fair Value Hierarchy⁽¹⁾	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	Level 1	$	24,547	$	24,547	$	13,252	$	13,252
Fixed maturities	⁽¹⁾		215,108		215,108		210,670		210,670
Equity securities	⁽¹⁾		23,355		23,355		20,257		20,257
Other invested assets	Level 3		5,626		5,626		9,709		9,709
Policy loans	Level 2		2,146		2,146		2,265		2,265
Real estate	Level 2		38		38		38		38
Investments in unconsolidated trusts	Level 2		1,238		1,238		1,238		1,238

Liabilities:
Junior Subordinated Debentures, net	Level 2		33,738		33,738		33,738		33,738

⁽¹⁾

See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

The following describes the methods and assumptions used by the Company in estimating fair values:

Cash and Cash Equivalents

The carrying amount approximates fair value due to the short-term nature of the instruments.

Fixed Maturities and Common and Non-Redeemable Preferred Stocks

The carrying amount is determined in accordance with methods prescribed by the NAIC, which do not differ materially from publicly quoted market prices. Certain fixed maturities do not have publicly quoted values and consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies. They are not actively traded and valuation techniques used to measure fair value are based on future estimated cash flows discounted at reasonable estimated rates of interest. Other qualitative and quantitative information received from the original underwriter of the pooled offerings is also considered, as applicable.

Non-publicly Traded Invested Assets

The fair value of investments in certain limited partnerships which are included in other invested assets on the consolidated balance sheet were determined by officers of those limited partnerships.

Junior Subordinated Debentures

The fair value is estimated based on the quoted market prices for similar issues and the current rates offered for debt having similar returns and remaining maturities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 15.

Accumulated Other Comprehensive Income

The following table sets forth the balance of the only component of accumulated other comprehensive income as of December 31, 2017 and 2016, and the changes in the balance of that component during 2017.

	Unrealized Gains on Available-for- Sale Securities
Balance, December 31, 2016	$	5,830
Other comprehensive income before reclassifications		9,880
Amounts reclassified from accumulated other comprehensive income		(5,959	)
Net current period other comprehensive income		3,921
Balance, December 31, 2017	$	9,751

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2017

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT [Abstract]

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION
(Parent Company Only)

BALANCE SHEETS

ASSETS

	December 31,
	2017		2016
	(In thousands)

Cash and cash equivalents	$	9,732	$	4,308
Investments		16,097		16,160
Investment in subsidiaries		116,351		112,472
Investments in unconsolidated trusts		1,238		1,238
Income taxes receivable from subsidiaries		2,879		2,961
Other assets		3,762		4,554
Total assets	$	150,059	$	141,693

LIABILITIES AND SHAREHOLDERS’ EQUITY

Deferred tax liability, net	$	1,253	$	500
Other payables		2,085		1,949
Junior subordinated debentures		33,738		33,738

Total liabilities		37,076		36,187

Shareholders’ equity		112,983		105,506
Total liabilities and shareholders’ equity	$	150,059	$	141,693

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION
(Parent Company Only)

STATEMENTS OF OPERATIONS

	Year Ended December 31,
	2017			2016
	(In thousands)
REVENUE
Fee income from subsidiaries	$	7,702		$	7,395
Distributed earnings from subsidiaries		4,850			5,508
Other		4,130			408
Total revenue		16,682			13,311

GENERAL AND ADMINISTRATIVE EXPENSES		13,015			12,858

INTEREST EXPENSE		1,723			1,562
		1,944			(1,109	)
INCOME TAX BENEFIT⁽¹⁾		(2,553	)		(1,837	)
		4,497			728
EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET		31			1,908
NET INCOME	$	4,528		$	2,636

⁽¹⁾

Under the terms of a tax-sharing agreement, income tax provisions for the subsidiary companies are computed on a separate company basis. Accordingly, the Company’s income tax benefit results from the utilization of the Parent’s separate return loss to reduce the consolidated taxable income of the Company.

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION
(Parent Company Only)

STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2017			2016
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	4,528		$	2,636
Adjustments to reconcile net income to net cash provided by operating activities:
Realized investment (gains) losses, net		(3,891	)		1
Depreciation and amortization		712			713
Compensation expense related to share awards		495			586
Equity in undistributed earnings of consolidated subsidiaries		(31	)		(1,908	)
Decrease (increase) in intercompany taxes		82			(815	)
Deferred income tax benefit		(1,358	)		(2	)
Increase (decrease) in other liabilities		136			(224	)
Other, net		295			(221	)
Net cash provided by operating activities		968			766

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investments sold, called or matured		6,014			1,979
Investments purchased		—			(1,000	)
Capital contribution to subsidiaries		—			(75	)
Additions to property and equipment		(91	)		(371	)
Net cash provided by investing activities		5,923			533

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of dividends on Series D preferred stock		(399	)		(399	)
Payment of dividends on common stock		(408	)		(408	)
Proceeds from shares issued under stock plans		32			51
Purchases of shares for treasury		(692	)		(698	)
Net cash used in financing activities		(1,467	)		(1,454	)

Net increase (decrease) in cash		5,424			(155	)
Cash and cash equivalents at beginning of year		4,308			4,463
Cash and cash equivalents at end of year	$	9,732		$	4,308

Supplemental disclosure:
Cash paid for interest	$	1,705		$	1,544
Cash paid for income taxes	$	1,400		$	675
Intercompany tax settlement from subsidiaries	$	2,676		$	2,845

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References + Details

Schedule III SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2017

Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

Schedule III SUPPLEMENTARY INSURANCE INFORMATION

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
SUPPLEMENTARY INSURANCE INFORMATION

Segment	Deferred Acquisition Costs		Future Policy Benefits, Losses, Claims and Loss Reserves			Unearned Premiums		Other Policy Claims and Benefits Payable
	(In thousands)
December 31, 2017:
Bankers Fidelity	$	30,619	$	100,127		$	4,271	$	2,010
American Southern		2,075		47,997			19,178		—
	$	32,694	$	148,124	⁽¹⁾	$	23,449	$	2,010

December 31, 2016:
Bankers Fidelity	$	26,791	$	87,849		$	3,731	$	2,066
American Southern		2,184		49,556			19,477		—
	$	28,975	$	137,405	⁽²⁾	$	23,208	$	2,066

⁽¹⁾

Includes future policy benefits of $82,435 and losses and claims of $65,689.

⁽²⁾

Includes future policy benefits of $74,843 and losses and claims of $62,562.

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
SUPPLEMENTARY INSURANCE INFORMATION

Segment	Premium Revenue		Net Investment Income		Benefits, Claims, Losses and Settlement Expenses		Amortization of Deferred Acquisition Costs		Other Operating Expenses		Casualty Premiums Written
	(In thousands)
December 31, 2017:
Bankers Fidelity	$	109,666	$	4,257	$	83,029	$	2,460	$	32,274	$	—
American Southern		53,661		3,307		34,486		8,170		8,262		53,362
Other		—		143		—		—		7,077		—
	$	163,327	$	7,707	$	117,515	$	10,630	$	47,613	$	53,362

December 31, 2016:
Bankers Fidelity	$	99,702	$	5,172	$	68,789	$	3,401	$	32,365	$	—
American Southern		53,763		3,844		34,408		8,483		7,954		51,477
Other		—		291		—		—		7,153		—
	$	153,465	$	9,307	$	103,197	$	11,884	$	47,472	$	51,477

Schedule IV REINSURANCE

12 Months Ended

Dec. 31, 2017

Schedule IV REINSURANCE [Abstract]

Schedule IV REINSURANCE

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
REINSURANCE

	Direct Amount		Ceded To Other Companies			Assumed From Other Companies		Net Amounts		Percentage of Amount Assumed To Net
	(Dollars in thousands)
Year ended December 31, 2017:
Life insurance in force	$	255,506	$	(14,902	)	$	—	$	240,604

Premiums —
Bankers Fidelity	$	142,210	$	(32,585	)	$	41	$	109,666		0.0	%
American Southern		39,248		(4,787	)		19,200		53,661		35.8	%
Total premiums	$	181,458	$	(37,372	)	$	19,241	$	163,327		11.8	%

Year ended December 31, 2016:
Life insurance in force	$	263,567	$	(16,087	)	$	—	$	247,480

Premiums —
Bankers Fidelity	$	104,996	$	(5,344	)	$	50	$	99,702		0.1	%
American Southern		39,343		(4,654	)		19,074		53,763		35.5	%
Total premiums	$	144,339	$	(9,998	)	$	19,124	$	153,465		12.5	%

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

12 Months Ended

Dec. 31, 2017

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS [Abstract]

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION CONCERNING
PROPERTY-CASUALTY INSURANCE OPERATIONS

Year Ended	Deferred Policy Acquisition Costs		Reserves		Unearned Premiums		Earned Premiums		Net Investment Income		Claims and Claim Adjustment Expenses Incurred Related To					Amortization of Deferred Acquisition Costs		Paid Claims and Claim Adjustment Expenses		Premiums Written
Year Ended	Deferred Policy Acquisition Costs		Reserves		Unearned Premiums		Earned Premiums		Net Investment Income		Current Year		Prior Years			Amortization of Deferred Acquisition Costs		Paid Claims and Claim Adjustment Expenses		Premiums Written
	(In thousands)
December 31, 2017	$	2,075	$	47,997	$	19,178	$	53,661	$	3,307	$	37,016	$	(2,530	)	$	8,170	$	33,459	$	53,362

December 31, 2016	$	2,184	$	49,556	$	19,477	$	53,763	$	3,844	$	36,541	$	(2,133	)	$	8,483	$	34,219	$	51,477

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) which, for insurance companies, differ in some respects from the statutory accounting practices prescribed or permitted by regulatory authorities. These financial statements include the accounts of Atlantic American Corporation (“Atlantic American” or the “Parent”) and its subsidiaries (collectively with the Parent, the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. Operating results achieved in any historical period are not necessarily indicative of results to be expected in any future period. At December 31, 2017, the Parent owned four insurance subsidiaries, Bankers Fidelity Life Insurance Company and its wholly-owned subsidiary, Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”), and American Southern Insurance Company and its wholly-owned subsidiary, American Safety Insurance Company (together known as “American Southern”), in addition to one non-insurance subsidiary, xCalibre Risk Services, Inc. The Parent has issued a guarantee of all liabilities of Bankers Fidelity.
Premium Revenue and Cost Recognition	Premium Revenue and Cost Recognition Life insurance premiums are recognized as revenue when due; accident and health insurance premiums are recognized as revenue over the premium paying period and property and casualty insurance premiums are recognized as revenue over the period of the contract in proportion to the amount of insurance protection provided. Losses, benefits and expenses are accrued as incurred and are associated with premiums as they are earned so as to result in recognition of profits over the lives of the contracts. For traditional life insurance and long-duration health insurance, this association is accomplished by the provision of a future policy benefits reserve and the deferral and subsequent amortization of the costs of acquiring business, which are referred to as “deferred policy acquisition costs” (principally commissions, premium taxes, and other incremental direct costs of issuing policies). Deferred policy acquisition costs are amortized over the estimated premium-paying period of the related policies using assumptions consistent with those used in computing the policy benefits reserve. The Company provides for insurance benefits and losses on accident, health, and property-casualty claims based upon estimates of projected ultimate losses. Deferred policy acquisition costs for property and casualty insurance and short-duration health insurance are amortized over the effective period of the related insurance policies. Contingent commissions, if contractually applicable, are ultimately payable to agents based on the underlying profitability of a particular insurance contract or a group of insurance contracts, and are periodically evaluated and accrued as earned. In periods in which revisions are made to the estimated loss reserves related to the particular insurance contract or group of insurance contracts subject to such commissions, corresponding adjustments are also made to the related accruals. Deferred policy acquisition costs are expensed when such costs are deemed not to be recoverable from future premiums (for traditional life and long-duration health insurance) and from the related unearned premiums and investment income (for property and casualty and short-duration health insurance).
Intangibles	Intangibles Intangibles consist of goodwill and other indefinite-lived intangible assets. Goodwill represents the excess of cost over the fair value of net assets acquired and is not amortized. Other indefinite-lived intangibles represent the value of licenses and are not amortized. The Company periodically reviews its goodwill and other indefinite-lived intangibles to determine if any adverse conditions exist that could indicate impairment. Conditions that could trigger impairment include, but are not limited to, a significant change in business climate that could affect the value of the related asset, an adverse action, or an assessment by a regulator. No impairment of the Company’s recorded intangibles was identified during any of the periods presented.
Investments	Investments The Company’s investments in both fixed maturities, which include bonds and redeemable preferred stocks, and equity securities, which include common and non-redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss. The fair values of fixed maturities and equity securities are largely determined by either independent methods prescribed by the National Association of Insurance Commissioners (“NAIC”), which do not differ materially from publicly quoted market prices, when available, or independent broker quotations. The Company owns certain fixed maturities that do not have publicly quoted market values, but had an estimated fair value as determined by management of $1,369 and $1,264 at December 31, 2017 and 2016, respectively. Such values inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market values. Policy loans and real estate are carried at historical cost. Other invested assets are comprised of investments in limited partnerships, limited liability companies, and real estate joint ventures, and are accounted for using the equity method. If the value of a common stock, preferred stock, other invested asset, or publicly traded bond declines below its cost or amortized cost, as applicable, and the decline is considered to be other than temporary, a realized loss is recorded to reduce the carrying value of the investment to its estimated fair value, which becomes the new cost basis. The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. Premiums and discounts related to investments are amortized or accreted over the life of the related investment as an adjustment to yield using the effective interest method. Dividends and interest income are recognized when earned or declared. The cost of securities sold is based on specific identification. Unrealized gains (losses) in the value of invested assets are accounted for as a direct increase (decrease) in accumulated other comprehensive income in shareholders’ equity, net of deferred tax and, accordingly, have no effect on net income.
Income Taxes	Income Taxes Deferred income taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax basis of assets and liabilities and are adjusted for changes in tax laws and tax rates as those changes are enacted. The provision for income taxes represents the total amount of income taxes due related to the current year, plus the change in deferred income taxes during the year. A valuation allowance is recognized if, based on management’s assessment of the relevant facts, it is more likely than not that some portion of a deferred tax asset will not be realized.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period. Diluted earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period, plus options outstanding, if applicable, using the treasury stock method and the assumed conversion of the Series D preferred stock, if dilutive. Unless otherwise indicated, earnings per common share amounts are presented on a diluted basis.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and investments in short-term, highly liquid securities with original maturities of three months or less from date of purchase.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”). The FASB issued this guidance for the effect on deferred tax assets and liabilities related to items recorded in accumulated other comprehensive income (“AOCI”) resulting from legislated tax reform enacted on December 22, 2017. The tax reform reduced the federal tax rate applied to the Company’s deferred tax balances from 35% to 21% on enactment. Under current GAAP, the Company recorded the total effect of the change in enacted tax rates on deferred tax balances in the income tax expense component of net income. ASU 2018-02 permits the Company to reclassify out of AOCI and into retained earnings the “stranded” tax effects that resulted from recording the tax effects of unrealized investment gains at a 35% tax rate because the 14 point reduction in tax rate was recognized in net income instead of other comprehensive income. The Company will adopt the new guidance as of January 1, 2018. As a result of the reclassification, on January 1, 2018, the Company will reclassify $2,100 of stranded tax effects related to continuing operations which will have the effect of reducing AOCI and increasing retained earnings. In March 2017, the FASB issued ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities (“ASU 2017-08”). This guidance shortens the amortization period for certain callable debt securities held at a premium to the earliest call date. Under current GAAP, premiums and discounts on callable securities generally are amortized to the maturity date. ASU 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018, although earlier adoption is permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 is intended to simplify the evaluation of goodwill. The updated guidance requires recognition and measurement of goodwill impairment based on the excess of the carrying value of the reporting unit compared to its estimated fair value, with the amount of the impairment not to exceed the carrying value of the reporting unit’s goodwill. Under existing guidance, if the reporting unit’s carrying value exceeds its estimated fair value, the Company allocates the fair value of the reporting unit to all of the assets and liabilities of the reporting unit to determine an implied goodwill value. An impairment loss is then recognized for the excess, if any, of the carrying value of the reporting unit’s goodwill compared to the implied goodwill value. The amendments in ASU 2017-04 are effective for interim and annual reporting periods beginning after December 15, 2019. The Company expects to adopt the updated guidance January 1, 2020 on a prospective basis as required, although earlier adoption is permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The issues addressed in ASU 2016-15 are: 1) debt prepayment or debt extinguishment costs, 2) settlement of zero-coupon debt instruments, 3) contingent consideration payments made after a business combination, 4) proceeds from the settlement of insurance claims, 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, 6) distributions received from equity method investees, 7) beneficial interests in securitization transactions and 8) separately identifiable cash flows and application of the predominance principle. The amendments in ASU 2016-15 are effective for interim and annual reporting periods beginning after December 15, 2017. The Company does not expect the adoption of this ASU to have an impact on its consolidated statements of cash flows. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires entities to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Under current GAAP, entities generally recognize credit losses when it is probable that the loss has been incurred. ASU 2016-13 will remove all recognition thresholds and will require entities to recognize an allowance for credit losses equal to the difference between the amortized cost basis of a financial instrument and the amount of amortized cost that the entity expects to collect over the instrument’s contractual life. ASU 2016-13 also amends the credit loss measurement guidance for available-for-sale (“AFS”) debt securities and beneficial interests in securitized financial assets. Credit losses on AFS debt securities carried at fair value will continue to be measured as other-than-temporary impairments (“OTTI”) when incurred; however, the losses will be recognized through an allowance and no longer as an adjustment to the cost basis. Recoveries of OTTI will be recognized as reversals of valuation allowances and no longer accreted as investment income through an adjustment to the investment yield. The allowance on AFS debt securities cannot cause the net carrying value to be below fair value and, therefore, it is possible that increases in fair value due to decreases in market interest rates could cause the reversal of a valuation allowance and increase net income. The new guidance will also require purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance to be recorded based on contractual amounts due and an initial allowance recorded at the date of purchase. For the Company, the amendments in ASU 2016-13 will be effective for interim and annual reporting periods beginning after December 15, 2019. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has not yet determined the timing of adoption. Implementation matters yet to be addressed include determining the impact of valuation allowances on the effective interest method for recognizing interest income from AFS debt securities as well as updating our investment accounting system functionality to adjust valuation allowances based on changes in fair value. The estimated effect on the Company’s financial statements can only be estimated based on the current investment portfolio at any given point in time, and accordingly, has not currently been determined. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). This guidance applies to all entities that issue share-based payment awards to their employees and is designed to simplify several areas of the accounting for share-based payment transactions, including income tax consequences, forfeitures, classification of awards as either equity or liabilities and related classification on the statement of cash flows. ASU 2016-09 requires the excess tax benefit or deficiency on vesting or settlement of awards to be recognized in earnings as an income tax benefit or expense, respectively. The Company adopted ASU 2016-09 as of January 1, 2017. Adoption of ASU 2016-09 did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting (“ASU 2016-07”). This guidance eliminates the requirement to retroactively adopt the equity method of accounting when an investment qualifies for the use of the equity method as a result of an increase in the level of ownership or degree of influence. Under ASU 2016-07, the equity method investor is required to add the cost of acquiring the additional interest in the investee to the current basis of the previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The Company adopted ASU 2016-07 as of January 1, 2017. Adoption of ASU 2016-07 did not have an impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Under ASU 2016-02, lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. Under the new guidance, lessees with operating leases will be required to recognize a liability for the present value of future minimum lease payments with a corresponding asset for the right of use of the property. Under existing guidance, future minimum lease payments on operating leases are commitments that are not recognized as liabilities on the balance sheet. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018 and requires a modified retrospective adoption, with early adoption permitted. The Company does not expect the adoption of ASU 2016-02 to have a material impact on its consolidated financial statements; however, it is expected that assets and liabilities will increase based on the present value of remaining lease payments for the minor number of leases which will be in place at the adoption date. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The new guidance will require investments in equity securities to be measured at fair value with any changes in valuation reported in net income except for investments that are consolidated or are accounted for under the equity method of accounting. The new guidance will also require a deferred tax asset resulting from net unrealized losses on available-for-sale (AFS) fixed maturities that are recognized in AOCI to be evaluated for recoverability in combination with the Company’s other deferred tax assets. Under existing guidance, the Company measures investments in equity securities, AFS at fair value with changes in fair value reported in other comprehensive income. As required, the Company will adopt the guidance effective January 1, 2018 through a cumulative effect adjustment to retained earnings. Early adoption is not allowed. The impact to the Company will be increased volatility in net income beginning in 2018. Any difference in the evaluation of deferred tax assets may also affect shareholders’ equity. Cash flows will not be affected. The impact will depend on the composition of the Company’s investment portfolio in the future and changes in fair value of the Company’s investments. As of January 1, 2018, the Company will reclassify from AOCI to retained earnings net unrealized gains of $9,825, after tax, related to equity securities, AFS having a fair value of $23,355. Had the new accounting guidance been in place since the beginning of 2017, the Company would have recognized mark-to-market gains of $2,361 after-tax in net income for the year ended December 31, 2017. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 as modified provides guidance for recognizing revenue. The guidance excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. This guidance is effective retrospectively on January 1, 2018, with a choice of restating prior periods or recognizing a cumulative effect for contracts in place as of adoption. The Company will adopt ASU 2014-09 on January 1, 2018. Based on current evaluations, the adoption of this ASU will not have a material impact on the Company’s consolidated financial statements.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Significant estimates and assumptions are used in developing and evaluating deferred income taxes, deferred acquisition costs, insurance reserves, investments, and receivables, among others, and actual results could differ materially from management’s estimates.

Investments (Tables)

12 Months Ended

Dec. 31, 2017

Investments [Abstract ]

Investments aggregated by type and industry

Investments were comprised of the following:

	2017
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,155	$	149	$	511	$	31,517
Obligations of states and political subdivisions		10,809		630		1		10,180
Corporate securities:
Utilities and telecom		21,882		1,709		130		20,303
Financial services		53,686		2,049		453		52,090
Other business – diversified		44,184		1,024		1,349		44,509
Other consumer – diversified		53,200		924		1,477		53,753
Total corporate securities		172,952		5,706		3,409		170,655
Redeemable preferred stocks:
Other consumer – diversified		192		—		—		192
Total redeemable preferred stocks		192		—		—		192
Total fixed maturities		215,108		6,485		3,921		212,544
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,588		624		—		964
Financial services		5,634		851		—		4,783
Other business – diversified		297		250		—		47
Other consumer – diversified		15,836		10,712		—		5,124
Total equity securities		23,355		12,437		—		10,918
Other invested assets		5,626		—		—		5,626
Policy loans		2,146		—		—		2,146
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	247,511	$	18,922	$	3,921	$	232,510

	2016
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,102	$	197	$	553	$	31,458
Obligations of states and political subdivisions		17,572		625		308		17,255
Corporate securities:
Utilities and telecom		18,034		1,462		88		16,660
Financial services		57,282		1,880		911		56,313
Other business – diversified		57,419		1,071		2,337		58,685
Other consumer – diversified		29,069		471		1,344		29,942
Total corporate securities		161,804		4,884		4,680		161,600
Redeemable preferred stocks:
Other consumer – diversified		192		—		—		192
Total redeemable preferred stocks		192		—		—		192
Total fixed maturities		210,670		5,706		5,541		210,505
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,601		637		—		964
Financial services		5,402		574		—		4,828
Other business – diversified		244		197		—		47
Other consumer – diversified		13,010		7,396		—		5,614
Total equity securities		20,257		8,804		—		11,453
Other invested assets		9,709		—		—		9,709
Policy loans		2,265		—		—		2,265
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	244,177	$	14,510	$	5,541	$	235,208

Investments aggregated by industry

The following table sets forth the carrying value, cost or amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of December 31, 2017 and 2016.

	2017							2016
	Carrying Value		Cost or Amortized Cost		Unrealized Gains (Losses)			Carrying Value		Cost or Amortized Cost		Unrealized Gains (Losses)
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,155	$	31,517	$	(362	)	$	31,102	$	31,458	$	(356	)
Obligations of states and political subdivisions		10,809		10,180		629			17,572		17,255		317
Utilities and telecom		23,470		21,267		2,203			19,635		17,624		2,011
Financial services		59,320		56,873		2,447			62,684		61,141		1,543
Other business – diversified		44,481		44,556		(75	)		57,663		58,732		(1,069	)
Other consumer – diversified		69,228		59,069		10,159			42,271		35,748		6,523
Other investments		9,048		9,048		—			13,250		13,250		—
Total investments	$	247,511	$	232,510	$	15,001		$	244,177	$	235,208	$	8,969

Investment securities with continuous unrealized loss position

	2017
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	12,175	$	162	$	12,737	$	349	$	24,912	$	511
Obligations of states and political subdivisions		999		1		—		—		999		1
Corporate securities		40,108		653		32,667		2,756		72,775		3,409
Total temporarily impaired securities	$	53,282	$	816	$	45,404	$	3,105	$	98,686	$	3,921

	2016
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	23,494	$	553	$	—	$	—	$	23,494	$	553
Obligations of states and political subdivisions		8,747		308		—		—		8,747		308
Corporate securities		59,404		2,124		20,587		2,556		79,991		4,680
Total temporarily impaired securities	$	91,645	$	2,985	$	20,587	$	2,556	$	112,232	$	5,541

Financial instruments carried at fair value measured on a recurring basis

As of December 31, 2017, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	213,739		$	1,369	⁽¹⁾	$	215,108
Equity securities		17,973		5,382	⁽¹⁾		—			23,355
Cash equivalents		13,855		—			—			13,855
Total	$	31,828	$	219,121		$	1,369		$	252,318

⁽¹⁾

All underlying securities are financial service industry related.

As of December 31, 2016, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	209,406		$	1,264	⁽¹⁾	$	210,670
Equity securities		15,153		5,104	⁽¹⁾		—			20,257
Cash equivalents		9,811		—			—			9,811
Total	$	24,964	$	214,510		$	1,264		$	240,738

⁽¹⁾

All underlying securities are financial service industry related.

Roll-forward of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

	Fixed Maturities
Balance, January 1, 2016	$	2,237
Total realized gains included in earnings		57
Total unrealized losses included in other comprehensive income		(30	)
Settlements		(1,000	)
Balance, December 31, 2016		1,264
Total unrealized gains included in other comprehensive income		105
Balance, December 31, 2017	$	1,369

Amortized cost and carrying value of fixed maturities by contractual maturity

	2017				2016
	Carrying Value		Amortized Cost		Carrying Value		Amortized Cost
Due in one year or less	$	1,653	$	1,655	$	2,544	$	2,507
Due after one year through five years		13,738		14,056		20,278		20,038
Due after five years through ten years		112,847		112,116		90,667		90,926
Due after ten years		67,328		64,928		80,099		79,627
Varying maturities		19,542		19,789		17,082		17,407
Totals	$	215,108	$	212,544	$	210,670	$	210,505

Investment income earned

Investment income was earned from the following sources:

	2017			2016
Fixed maturities	$	8,297		$	9,122
Equity securities		467			491
Other		(268	)		271
Total investment income		8,496			9,884
Less investment expenses, included in other expenses		(789	)		(577	)
Net investment income	$	7,707		$	9,307

Summary of realized investment gains (losses)

A summary of realized investment gains (losses) follows:

	2017
	Fixed Maturities			Equity Securities		Other Invested Assets		Total
Gains	$	2,226		$	1,044	$	6,040	$	9,310
Losses		(142	)		—		—		(142	)
Realized investment gains, net	$	2,084		$	1,044	$	6,040	$	9,168

	2016
	Fixed Maturities			Equity Securities		Other Invested Assets		Total
Gains	$	1,119		$	—	$	1,565	$	2,684
Losses		(89	)		—		—		(89	)
Realized investment gains, net	$	1,030		$	—	$	1,565	$	2,595

Proceeds from sales of investments

Proceeds from the sales of investments were as follows:

	2017		2016
Fixed maturities	$	72,760	$	59,072
Equity securities		1,579		—
Other investments		9,653		3,289
Total proceeds	$	83,992	$	62,361

The Company’s bond portfolio included 92% investment grade securities, as defined by the NAIC, at December 31, 2017.

Insurance Reserves and Policyholder Funds (Tables)

12 Months Ended

Dec. 31, 2017

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]

Reserves for life, accident, health and property and casualty losses, including loss adjustment expenses

The following table presents the Company’s reserves for life, accident and health, and property and casualty losses, claims and loss adjustment expenses at December 31, 2017 and 2016.

					Amount of Insurance In Force, Net
	2017		2016		2017		2016
Future policy benefits
Life insurance policies:
Ordinary	$	54,752	$	54,554	$	238,534	$	245,017
Mass market		1,693		2,003		2,070		2,463
Individual annuities		50		84		—		—
		56,495		56,641	$	240,604	$	247,480
Accident and health insurance policies		25,940		18,202
		82,435		74,843
Unearned premiums		23,449		23,208
Losses, claims and loss adjustment expenses		65,689		62,562
Other policy liabilities		2,010		2,066
Total insurance reserves and policyholder funds	$	173,583	$	162,679

Summary of activity in liabilities for unpaid loss and claim reserved

Activity in the liability for unpaid loss and claim reserves is summarized as follows:

	2017			2016
Balance at January 1	$	62,562		$	63,870
Less: Reinsurance recoverable on unpaid losses		(10,796	)		(11,741	)
Net balance at January 1		51,766			52,129

Incurred related to:
Current year		114,099			103,252
Prior years		(1,765	)		(3,377	)
Total incurred		112,334			99,875

Paid related to:
Current year		82,092			71,980
Prior years		28,287			28,258
Total paid		110,379			100,238
Net balance at December 31		53,721			51,766
Plus: Reinsurance recoverable on unpaid losses		11,968			10,796
Balance at December 31	$	65,689		$	62,562

Reconciliation of total incurred losses to total insurance benefits and losses

Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred:

	2017		2016
Total incurred losses	$	112,334	$	99,875
Cash surrender value and matured endowments		1,442		1,278
Benefit reserve changes		3,739		2,044
Total insurance benefits and losses incurred	$	117,515	$	103,197

Information about incurred and paid claims development

Medicare Supplement

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	29,344	$	28,698	$	28,721	$	28,712	$	28,688	$	28,687	$	28,683	$	28,683	$	28,682	$	28,682	$	—		533,112
2009				31,124		30,455		30,481		30,447		30,438		30,432		30,431		30,430		30,430		—		560,430
2010						34,849		34,328		34,323		34,303		34,282		34,272		34,268		34,265		—		625,695
2011								38,188		38,296		38,360		38,327		38,316		38,302		38,299		—		664,049
2012										50,021		50,996		51,021		50,998		50,989		50,987		—		867,047
2013												56,974		56,970		57,034		57,023		57,021		—		957,350
2014														57,179		56,938		56,981		56,981		—		939,444
2015																55,482		54,939		54,993		—		898,270
2016																		58,849		59,851		100		1,034,900
2017																				67,960		9,822		1,303,865
																			$	479,469

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	24,055	$	28,698	$	28,721	$	28,712	$	28,688	$	28,687	$	28,683	$	28,683	$	28,682	$	28,682
2009				29,866		30,455		30,481		30,447		30,438		30,432		30,431		30,430		30,430
2010						29,127		34,328		34,323		34,303		34,282		34,272		34,268		34,265
2011								31,720		38,296		38,360		38,327		38,316		38,302		38,299
2012										42,267		50,996		51,021		50,998		50,989		50,987
2013												47,770		56,970		57,034		57,023		57,021
2014														48,024		56,938		56,981		56,981
2015																45,430		54,876		54,993
2016																		49,165		59,747
2017																				57,696
																			$	469,101
			Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																$	10,368

Automobile Liability

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	9,723	$	7,011	$	6,627	$	6,374	$	6,124	$	6,112	$	6,106	$	6,104	$	6,105	$	6,105	$	—		1,534
2009				10,817		8,891		8,659		8,558		8,245		8,123		8,155		8,154		8,153		—		1,755
2010						10,752		10,818		10,547		9,937		10,068		10,185		10,202		10,201		—		1,947
2011								12,263		13,802		13,235		13,289		13,281		13,495		13,385		30		2,132
2012										12,980		15,007		14,108		13,707		13,313		13,343		22		3,340
2013												18,664		20,702		21,096		21,823		21,352		162		3,260
2014														20,812		21,881		22,041		22,353		816		3,536
2015																18,521		19,857		20,017		1,904		3,492
2016																		20,549		21,275		3,049		3,755
2017																				22,179		7,311		3,385
																			$	158,363

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	2,426	$	4,202	$	5,077	$	5,695	$	5,839	$	6,065	$	6,104	$	6,104	$	6,105	$	6,105
2009				3,250		5,208		6,353		7,502		7,995		8,123		8,155		8,154		8,153
2010						3,211		6,274		8,291		9,382		9,725		10,056		10,090		10,206
2011								4,205		7,934		9,858		12,071		13,039		13,106		13,199
2012										4,627		8,791		11,507		12,932		13,197		13,211
2013												5,144		12,193		16,782		19,407		20,382
2014														6,822		13,807		17,554		20,177
2015																6,226		11,878		14,938
2016																		6,796		13,141
2017																				7,401
																			$	126,913
			Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																$	31,450

Automobile Physical Damage

	For the Years Ended December 31,
	(Unaudited)										As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance										IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2013	$	6,039	$	5,515	$	5,536	$	5,599	$	5,599	$	—		1,598
2014				8,079		7,657		7,583		7,562		—		1,635
2015						8,287		7,955		7,887		—		1,588
2016								6,877		6,386		3		1,261
2017										6,257		105		1,238
									$	33,691

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2013		2014		2015		2016		2017
2013	$	4,778	$	5,486	$	5,466	$	5,599	$	5,599
2014				6,437		7,619		7,570		7,562
2015						6,745		7,937		7,885
2016								5,804		6,353
2017										5,215
									$	32,614
	All outstanding liabilities before 2013, net of reinsurance									33
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance									$	1,110

General Liability

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	5,386	$	4,359	$	2,858	$	2,685	$	2,479	$	2,489	$	2,507	$	2,548	$	2,647	$	2,853	$	23		393
2009				3,392		2,215		1,944		1,730		1,702		1,727		1,828		1,832		1,888		8		290
2010						4,114		2,699		2,269		2,337		2,258		2,400		2,423		2,473		4		289
2011								3,022		1,723		1,452		1,338		1,174		1,242		1,327		11		201
2012										4,055		1,305		1,269		1,270		1,214		1,333		26		157
2013												3,461		728		926		817		865		18		187
2014														3,744		501		557		476		40		192
2015																4,421		1,037		1,227		348		143
2016																		3,119		1,148		440		81
2017																				1,490		1,241		58
																			$	15,080

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	534	$	1,091	$	1,637	$	1,861	$	2,023	$	2,123	$	2,418	$	2,506	$	2,564	$	2,755
2009				476		941		1,082		1,410		1,629		1,662		1,796		1,816		1,855
2010						284		678		1,374		1,542		2,037		2,368		2,382		2,457
2011								295		412		582		835		1,161		1,169		1,278
2012										371		707		847		1,034		1,113		1,219
2013												104		339		579		811		791
2014														171		299		331		369
2015																98		259		464
2016																		116		203
2017																				75
																			$	11,466
All outstanding liabilities before 2008, net of reinsurance																				288
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	3,902

Surety

	For the Years Ended December 31,
	(Unaudited)																				As of December 31, 2017
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance																				IBNR Reserves		Cumulative Number of Reported Claims
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		IBNR Reserves		Cumulative Number of Reported Claims
2008	$	3,883	$	2,098	$	2,420	$	2,312	$	2,312	$	2,360	$	2,360	$	2,324	$	2,324	$	2,324	$	—		62
2009				4,920		5,025		4,239		3,951		3,616		4,636		4,916		4,664		4,667		—		83
2010						3,995		4,624		3,618		3,396		3,607		3,549		3,563		3,534		—		95
2011								4,422		4,786		5,080		5,092		4,966		5,031		5,112		—		126
2012										4,979		4,767		5,396		5,345		4,869		4,880		—		87
2013												3,060		2,007		2,743		2,947		2,866		13		57
2014														3,214		3,130		2,990		2,760		4		51
2015																1,902		1,630		1,400		78		49
2016																		3,314		1,812		39		45
2017																				4,677		2,043		52
																			$	34,032

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	503	$	1,369	$	2,261	$	2,232	$	2,311	$	2,359	$	2,360	$	2,324	$	2,324	$	2,324
2009				103		1,595		2,640		3,205		3,410		3,760		3,757		4,663		4,666
2010						928		2,193		2,780		2,943		3,252		3,545		3,560		3,534
2011								1,031		3,207		4,622		4,748		4,939		5,022		5,109
2012										2,257		4,581		4,856		5,331		4,869		4,880
2013												323		1,010		1,369		2,763		2,789
2014														1,331		2,327		2,727		2,739
2015																641		856		1,127
2016																		1,054		1,732
2017																				1,971
																			$	30,871
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	3,161

Supplementary information about average historical claims duration

The following is supplementary information about average historical claims duration as of December 31, 2017.

Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited)
Reserve Line	1st Year			2nd Year			3rd Year			4th Year			5th Year			6th Year			7th Year			8th Year			9th Year			10th Year
Medicare Supplement		83.7	%		16.4	%		0.1	%		-0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Automobile Liability		32.8	%		29.4	%		17.1	%		12.3	%		4.3	%		1.8	%		0.5	%		0.4	%		0.0	%		0.0	%
Automobile Physical Damage		86.0	%		13.0	%		-0.6	%		1.1	%		0.0	%
General Liability		17.7	%		18.8	%		16.2	%		14.3	%		10.9	%		5.4	%		6.6	%		2.4	%		2.0	%		6.7	%
Surety		32.2	%		34.2	%		19.6	%		11.0	%		2.0	%		3.9	%		0.5	%		5.7	%		0.0	%		0.0	%

Reconciliation of net incurred and paid claims development

The reconciliation of the net incurred and paid claims development tables to the liability for losses, claims and loss adjustment expenses is as follows:

	December 31, 2017
Net outstanding liabilities:
Medicare Supplement	$	10,368
Automobile Liability		31,450
Automobile Physical Damage		1,110
General Liability		3,902
Surety		3,161
Other short-duration insurance lines		2,004
Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance		51,995

Reinsurance recoverable on unpaid losses:
Medicare Supplement		4,748
Automobile Liability		5,245
Automobile Physical Damage		116
General Liability		1,859
Total reinsurance recoverable on unpaid losses		11,968

Unallocated claims adjustment expenses		1,726

Total gross liability for unpaid losses, claims and loss adjustment expenses	$	65,689

Reinsurance (Tables)

12 Months Ended

Dec. 31, 2017

Reinsurance [Abstract]

Effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred

The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

	2017			2016
Direct premiums written	$	181,568		$	142,200
Assumed premiums written		19,373			19,123
Ceded premiums written		(38,019	)		(10,225	)
Net premiums written	$	162,922		$	151,098

Direct premiums earned	$	181,458		$	144,339
Assumed premiums earned		19,241			19,124
Ceded premiums earned		(37,372	)		(9,998	)
Net premiums earned	$	163,327		$	153,465

Provision for benefits and losses incurred	$	147,444		$	109,616
Reinsurance loss recoveries		(29,929	)		(6,419	)
Insurance benefits and losses incurred	$	117,515		$	103,197

Components of reinsurance recoverables

Components of reinsurance recoverables at December 31, 2017 and 2016 were as follows:

	2017		2016
Recoverable on unpaid losses	$	11,968	$	10,796
Recoverable on unpaid benefits		4,403		655
Ceded unearned premiums		874		227
Ceded advanced premiums		368		25
Total reinsurance recoverables	$	17,613	$	11,703

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Allocation of total income taxes

Total income taxes were allocated as follows:

	2017		2016
Total tax expense on income	$	828	$	888

Tax expense on components of shareholders’ equity:
Net unrealized gains on investment securities		2,111		671
Total tax expense	$	2,939	$	1,559

Reconciliation of income tax expense

A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and the income tax expense is as follows:

	2017			2016
Federal income tax provision at statutory rate of 35%	$	1,875		$	1,233
Dividends-received deduction		(92	)		(95	)
Small life insurance company deduction		(613	)		(376	)
Other		72			55
Remeasurement of deferred taxes due to tax reform enactment		(395	)		—
Adjustment for prior years’ estimates to actual		(19	)		71
Income tax expense	$	828		$	888
Effective tax rate		15.5	%		25.2	%

Deferred tax liabilities and assets

Deferred tax liabilities and assets at December 31, 2017 and 2016 were comprised of the following:

	2017			2016
Deferred tax liabilities:
Deferred acquisition costs	$	(1,200	)	$	(2,345	)
Deferred and uncollected premiums		(377	)		(654	)
Net unrealized investment gains		(3,150	)		(3,140	)
Other		(331	)		(666	)
Total deferred tax liabilities		(5,058	)		(6,805	)
Deferred tax assets:
Insurance reserves		3,216			4,589
Impaired assets		869			1,454
Alternative minimum tax credit		—			282
Bad debts and other		380			640
Total deferred tax assets		4,465			6,965
Net deferred tax asset (liability)	$	(593	)	$	160

Components of income tax expense

The components of income tax expense were:

	2017			2016
Current - Federal	$	2,186		$	890
Deferred - Federal		(1,358	)		(2	)
Total	$	828		$	888

Junior Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2017

Junior Subordinated Debentures [Abstract]

Financial structure of statutory business trusts

The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2017 and 2016, was as follows:

	Atlantic American Statutory Trust I	Atlantic American Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES⁽¹⁾⁽²⁾
Principal amount owed	$18,042	$23,196
Balance December 31, 2017	$18,042	$23,196
Less: Treasury debt⁽³⁾		(7,500)
Net balance December 31, 2017	$18,042	$15,696
Net balance December 31, 2016	$18,042	$15,696
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Interest payable	Quarterly	Quarterly
Maturity date	December 4, 2032	May 15, 2033
Redeemable by issuer	Yes	Yes
TRUST PREFERRED SECURITIES
Issuance date	December 4, 2002	May 15, 2003
Securities issued	17,500	22,500
Liquidation preference per security	$ 1	$ 1
Liquidation value	$17,500	$22,500
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Distribution payable	Quarterly	Quarterly
Distribution guaranteed by⁽⁴⁾	Atlantic American Corporation	Atlantic American Corporation

⁽¹⁾

⁽²⁾

⁽³⁾

In 2014, the Company acquired $7,500 of the Junior Subordinated Debentures.

⁽⁴⁾

Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Common Share [Abstract]

Reconciliation of numerator and denominator used in earnings per common share calculations

A reconciliation of the numerator and denominator of the earnings per common share calculations is as follows:

	For the Year Ended December 31, 2017
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	4,528			20,431
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	4,129			20,431	$	.20

	For the Year Ended December 31, 2016
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	2,636			20,445
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	2,237			20,445	$	.11

Statutory Reporting (Tables)

12 Months Ended

Dec. 31, 2017

Statutory Reporting [Abstract]

Reported statutory net income and surplus for the Parent's insurance subsidiaries

The amount of reported statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 was as follows:

	2017			2016
Life and Health, net income (loss)	$	(2,880	)	$	1,133
Property and Casualty, net income		6,647			6,470
Statutory net income	$	3,767		$	7,603

Life and Health, surplus	$	34,135		$	33,430
Property and Casualty, surplus		43,348			41,489
Statutory surplus	$	77,483		$	74,919

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

Segment Information [Abstract]

Revenue and income before income taxes for each business unit

	For the Year Ended December 31, 2017
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	53,661		$	109,666		$	—		$	—		$	163,327
Insurance benefits and losses incurred		34,486			83,029			—			—			117,515
Expenses deferred		(8,062	)		(6,287	)		—			—			(14,349	)
Amortization and depreciation expense		8,543			2,825			712			—			12,080
Other expenses		15,951			38,196			16,191			(9,826	)		60,512
Total expenses		50,918			117,763			16,903			(9,826	)		175,758
Underwriting income (loss)		2,743			(8,097	)
Investment income		3,332			5,021			2,267			(2,124	)		8,496
Other income		11			8			7,806			(7,702	)		123
Operating income (loss)		6,086			(3,068	)		(6,830	)		—			(3,812	)
Net realized gains		2,481			2,800			3,887			—			9,168
Income (loss) before income taxes	$	8,567		$	(268	)	$	(2,943	)	$	—		$	5,356
Total revenues	$	59,485		$	117,495		$	13,960		$	(9,826	)	$	181,114
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	126,313		$	185,624		$	147,653		$	(116,351	)	$	343,239

	For the Year Ended December 31, 2016
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	53,763		$	99,702		$	—		$	—		$	153,465
Insurance benefits and losses incurred		34,408			68,789			—			—			103,197
Expenses deferred		(7,834	)		(5,159	)		—			—			(12,993	)
Amortization and depreciation expense		8,709			3,667			713			—			13,089
Other expenses		15,562			37,258			15,761			(9,321	)		59,260
Total expenses		50,845			104,555			16,474			(9,321	)		162,553
Underwriting income (loss)		2,918			(4,853	)
Investment income		3,868			5,725			2,217			(1,926	)		9,884
Other income		—			10			7,518			(7,395	)		133
Operating income (loss)		6,786			882			(6,739	)		—			929
Net realized gains (losses)		528			2,068			(1	)		—			2,595
Income (loss) before income taxes	$	7,314		$	2,950		$	(6,740	)	$	—		$	3,524
Total revenues	$	58,159		$	107,505		$	9,734		$	(9,321	)	$	166,077
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	123,721		$	168,657		$	138,694		$	(112,472	)	$	318,600

Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Disclosures About Fair Value of Financial Instruments [Abstract]

Carrying amount, estimated fair value and level within the fair value hierarchy of financial instruments

The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of December 31, 2017 and 2016.

	Level in Fair Value Hierarchy⁽¹⁾	2017				2016
	Level in Fair Value Hierarchy⁽¹⁾	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	Level 1	$	24,547	$	24,547	$	13,252	$	13,252
Fixed maturities	⁽¹⁾		215,108		215,108		210,670		210,670
Equity securities	⁽¹⁾		23,355		23,355		20,257		20,257
Other invested assets	Level 3		5,626		5,626		9,709		9,709
Policy loans	Level 2		2,146		2,146		2,265		2,265
Real estate	Level 2		38		38		38		38
Investments in unconsolidated trusts	Level 2		1,238		1,238		1,238		1,238

Liabilities:
Junior Subordinated Debentures, net	Level 2		33,738		33,738		33,738		33,738

⁽¹⁾

See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Summary of Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($) Subsidiary	Dec. 31, 2016 USD ($)
Principles of Consolidation [Abstract]
Number of insurance subsidiaries owned by the parent \| Subsidiary		4
Number of non-insurance subsidiaries owned by the parent \| Subsidiary		1
Investments
Estimated fair value		$ 1,369	$ 1,264
Recently Issued Accounting Standards [Abstract]
Federal corporate tax rate		35.00%
Equity securities available-for-sale		$ 23,355	$ 20,257
Plan [Member]
Recently Issued Accounting Standards [Abstract]
Federal corporate tax rate	21.00%
ASU 2016-01 [Member]
Recently Issued Accounting Standards [Abstract]
Equity securities available-for-sale		23,355
Equity securities unrealized gains, net of tax		9,825
New accounting pronouncement, effect of change on income, net of tax		$ 2,361
ASU 2018-02 [Member] \| Plan [Member] \| Retained Earnings [Member]
Recently Issued Accounting Standards [Abstract]
Reclassification of standard tax effects on AOCI and retained earnings	$ 2,100
ASU 2018-02 [Member] \| Plan [Member] \| Accumulated Other Comprehensive Income [Member]
Recently Issued Accounting Standards [Abstract]
Reclassification of standard tax effects on AOCI and retained earnings	$ (2,100)

Investments, Aggregated by Type and Industry (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($) Securities Issuer	Dec. 31, 2016 USD ($) Securities
Investments aggregated by type and industry [Abstract]
Carrying value	$ 215,108	$ 210,670
Gross unrealized gains	6,485	5,706
Gross unrealized losses	3,921	5,541
Cost or amortized cost	212,544	210,505
Carrying value	23,355	20,257
Gross unrealized gains	12,437	8,804
Gross unrealized losses	0	0
Cost or amortized cost	10,918	11,453
Other invested assets	5,626	9,709
Other invested assets, cost or amortized cost	5,626	9,709
Policy loans	2,146	2,265
Policy loans, cost or amortized cost	2,146	2,265
Real estate	38	38
Real estate, cost or amortized cost	38	38
Investment in unconsolidated trusts	1,238	1,238
Investment in unconsolidated trusts, cost or amortized cost	1,238	1,238
Total investments	247,511	244,177
Total investments, gross unrealized gains	18,922	14,510
Total investments, gross unrealized losses	3,921	5,541
Total investments, cost or amortized cost	232,510	235,208
Amortized cost of bonds on deposit with insurance regulatory authorities	$ 11,178	$ 11,435
Number of securities in unrealized loss position \| Securities	69	77
Oil and Gas Properties [Member]
Investments aggregated by type and industry [Abstract]
Gross unrealized losses	$ 906
Fixed maturity investments, number of issuers \| Issuer	4
Fixed Maturities - U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	$ 31,155	$ 31,102
Gross unrealized gains	149	197
Gross unrealized losses	511	553
Cost or amortized cost	31,517	31,458
Fixed Maturities - Obligations of States and Political Subdivisions [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	10,809	17,572
Gross unrealized gains	630	625
Gross unrealized losses	1	308
Cost or amortized cost	10,180	17,255
Fixed Maturities - Corporate Securities [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	172,952	161,804
Gross unrealized gains	5,706	4,884
Gross unrealized losses	3,409	4,680
Cost or amortized cost	170,655	161,600
Fixed Maturities - Utilities and Telecom [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	21,882	18,034
Gross unrealized gains	1,709	1,462
Gross unrealized losses	130	88
Cost or amortized cost	20,303	16,660
Fixed Maturities - Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	53,686	57,282
Gross unrealized gains	2,049	1,880
Gross unrealized losses	453	911
Cost or amortized cost	52,090	56,313
Fixed Maturities - Other Business - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	44,184	57,419
Gross unrealized gains	1,024	1,071
Gross unrealized losses	1,349	2,337
Cost or amortized cost	44,509	58,685
Fixed Maturities - Other Consumer - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	53,200	29,069
Gross unrealized gains	924	471
Gross unrealized losses	1,477	1,344
Cost or amortized cost	53,753	29,942
Fixed Maturities - Redeemable Preferred Stocks [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	192	192
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Cost or amortized cost	192	192
Fixed Maturities - Other Consumer Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	192	192
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Cost or amortized cost	192	192
Equity Securities - Utilities and Telecom [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	1,588	1,601
Gross unrealized gains	624	637
Gross unrealized losses	0	0
Cost or amortized cost	964	964
Equity Securities - Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	5,634	5,402
Gross unrealized gains	851	574
Gross unrealized losses	0	0
Cost or amortized cost	4,783	4,828
Equity Securities - Other Business Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	297	244
Gross unrealized gains	250	197
Gross unrealized losses	0	0
Cost or amortized cost	47	47
Equity Securities - Other Consumer Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	15,836	13,010
Gross unrealized gains	10,712	7,396
Gross unrealized losses	0	0
Cost or amortized cost	$ 5,124	$ 5,614

Investments, Aggregated by Industry (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Investments aggregated by industry [Abstract]
Carrying value	$ 215,108	$ 210,670
Cost or amortized cost	212,544	210,505
Carrying value	247,511	244,177
Cost or amortized cost	232,510	235,208
Unrealized gains (losses)	15,001	8,969
Fixed Maturities - U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Investments aggregated by industry [Abstract]
Carrying value	31,155	31,102
Cost or amortized cost	31,517	31,458
Unrealized gains (losses)	(362)	(356)
Fixed Maturities - Obligations of States and Political Subdivisions [Member]
Investments aggregated by industry [Abstract]
Carrying value	10,809	17,572
Cost or amortized cost	10,180	17,255
Unrealized gains (losses)	629	317
Utilities and Telecom [Member]
Investments aggregated by industry [Abstract]
Carrying value	23,470	19,635
Cost or amortized cost	21,267	17,624
Unrealized gains (losses)	2,203	2,011
Financial Services [Member]
Investments aggregated by industry [Abstract]
Carrying value	59,320	62,684
Cost or amortized cost	56,873	61,141
Unrealized gains (losses)	2,447	1,543
Other Business - Diversified [Member]
Investments aggregated by industry [Abstract]
Carrying value	44,481	57,663
Cost or amortized cost	44,556	58,732
Unrealized gains (losses)	(75)	(1,069)
Other Consumer - Diversified [Member]
Investments aggregated by industry [Abstract]
Carrying value	69,228	42,271
Cost or amortized cost	59,069	35,748
Unrealized gains (losses)	10,159	6,523
Other Investments [Member]
Investments aggregated by industry [Abstract]
Carrying value	9,048	13,250
Cost or amortized cost	$ 9,048	$ 13,250

Investments, Securities with Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	$ 53,282	$ 91,645
12 months or longer	45,404	20,587
Total Fair Value	98,686	112,232
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	816	2,985
12 months or longer	3,105	2,556
Total Unrealized Losses	3,921	5,541
Fixed Maturities - U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	12,175	23,494
12 months or longer	12,737	0
Total Fair Value	24,912	23,494
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	162	553
12 months or longer	349	0
Total Unrealized Losses	511	553
Fixed Maturities - Obligations of States and Political Subdivisions [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	999	8,747
12 months or longer	0	0
Total Fair Value	999	8,747
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	1	308
12 months or longer	0	0
Total Unrealized Losses	1	308
Fixed Maturities - Corporate Securities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	40,108	59,404
12 months or longer	32,667	20,587
Total Fair Value	72,775	79,991
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	653	2,124
12 months or longer	2,756	2,556
Total Unrealized Losses	$ 3,409	$ 4,680

Investments, Roll-forward of Financial Instruments Measured at Fair Value (Details) - Fixed Maturities [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Assets measured at fair value on a recurring basis [Abstract]
Balance, beginning of period	$ 1,264	$ 2,237
Total realized gains included in earnings		57
Total unrealized losses included in other comprehensive income	105	(30)
Settlements		(1,000)
Balance, end of period	$ 1,369	$ 1,264

Investments, Fixed Maturities by Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Carrying Value [Abstract]
Due in one year or less	$ 1,653	$ 2,544
Due after one year through five years	13,738	20,278
Due after five years through ten years	112,847	90,667
Due after ten years	67,328	80,099
Varying maturities	19,542	17,082
Totals	215,108	210,670
Amortized Cost [Abstract]
Due in one year or less	1,655	2,507
Due after one year through five years	14,056	20,038
Due after five years through ten years	112,116	90,926
Due after ten years	64,928	79,627
Varying maturities	19,789	17,407
Cost or amortized cost	$ 212,544	$ 210,505

Investments, Income Earned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Investment income earned [Abstract]
Total investment income	$ 8,496	$ 9,884
Less investment expenses, included in other expenses	(789)	(577)
Net investment income	7,707	9,307
Fixed Maturities [Member]
Investment income earned [Abstract]
Total investment income	8,297	9,122
Equity Securities [Member]
Investment income earned [Abstract]
Total investment income	467	491
Other Investments [Member]
Investment income earned [Abstract]
Total investment income	$ (268)	$ 271

Investments, Summary of Realized Investment Gains (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Summary of realized investment gains (losses) [Abstract]
Gains	$ 9,310	$ 2,684
Losses	(142)	(89)
Realized investment gains, net	9,168	2,595
Proceeds from sales of investments [Abstract]
Total proceeds	$ 83,992	62,361
Percentage of investment grade securities in bond portfolio	92.00%
Fixed Maturities [Member]
Summary of realized investment gains (losses) [Abstract]
Gains	$ 2,226	1,119
Losses	(142)	(89)
Realized investment gains, net	2,084	1,030
Proceeds from sales of investments [Abstract]
Total proceeds	72,760	59,072
Equity Securities [Member]
Summary of realized investment gains (losses) [Abstract]
Gains	1,044	0
Losses	0	0
Realized investment gains, net	1,044	0
Proceeds from sales of investments [Abstract]
Total proceeds	1,579	0
Other Investments [Member]
Summary of realized investment gains (losses) [Abstract]
Gains	6,040	1,565
Losses	0	0
Realized investment gains, net	6,040	1,565
Proceeds from sales of investments [Abstract]
Total proceeds	$ 9,653	$ 3,289

Insurance Reserves and Policyholder Funds (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Reserves for life, accident and health [Abstract]
Future policy benefits			$ 82,435	$ 74,843
Amount of Insurance In Force, Net			240,604	247,480
Unearned premiums			23,449	23,208
Losses, claims and loss adjustment expenses	$ 65,689	$ 62,562	65,689	62,562
Other policy liabilities			2,010	2,066
Total insurance reserves and policyholder funds			173,583	162,679
Annualized premiums for accident and health insurance policies	105,422	95,956
Summary of activity in liability for unpaid loss and claim reserves [Roll Forward]
Balance at January 1	62,562	63,870
Less: Reinsurance recoverable on unpaid losses	(10,796)	(11,741)
Net balance at January 1	51,766	52,129
Incurred related to [Abstract]
Current year	114,099	103,252
Prior years	(1,765)	(3,377)
Total incurred	112,334	99,875
Paid related to [Abstract]
Current year	82,092	71,980
Prior years	28,287	28,258
Total paid	110,379	100,238
Net balance at December 31	53,721	51,766
Plus: Reinsurance recoverable on unpaid losses	11,968	10,796
Balance at December 31	65,689	62,562
Reconciliation of total incurred claims to total insurance benefits and losses incurred [Abstract]
Total incurred losses	112,334	99,875
Cash surrender value and matured endowments	1,442	1,278
Benefit reserve changes	3,739	2,044
Total insurance benefits and losses incurred	$ 117,515	$ 103,197
Ordinary [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			54,752	54,554
Amount of Insurance In Force, Net			238,534	245,017
Mass market [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			1,693	2,003
Amount of Insurance In Force, Net			2,070	2,463
Individual annuities [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			50	84
Amount of Insurance In Force, Net			0	0
Life insurance segment [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			56,495	56,641
Amount of Insurance In Force, Net			240,604	247,480
Accident and health insurance [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			$ 25,940	$ 18,202
Life, accident and health insurance [Member] \| Prior to 1977 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	prior to 1977
Life, accident and health insurance [Member] \| Prior to 1977 [Member] \| Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	2.50%
Life, accident and health insurance [Member] \| Prior to 1977 [Member] \| Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.50%
Life, accident and health insurance [Member] \| 1977 through 1979 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	1977 through 1979
Life, accident and health insurance [Member] \| 1977 through 1979 [Member] \| Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.50%
Life, accident and health insurance [Member] \| 1977 through 1979 [Member] \| Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	7.00%
Life, accident and health insurance [Member] \| 1980 through 1987 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	9.00%
Policy issue range for future benefits assumptions	1980 through 1987
Life, accident and health insurance [Member] \| 1988 through 2009 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	1988 through 2009
Life, accident and health insurance [Member] \| 1988 through 2009 [Member] \| Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.00%
Life, accident and health insurance [Member] \| 1988 through 2009 [Member] \| Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	7.00%
Life, accident and health insurance [Member] \| 2010 through 2012 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	4.00%
Policy issue range for future benefits assumptions	2010 through 2012 issues
Life, accident and health insurance [Member] \| 2013 through 2017 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	2013 through 2017 issues
Life, accident and health insurance [Member] \| 2013 through 2017 [Member] \| Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	3.50%
Life, accident and health insurance [Member] \| 2013 through 2017 [Member] \| Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	4.00%

Insurance Reserves and Policyholder Funds, Average Historical Claims Duration (Details)	Dec. 31, 2017
Medicare Supplement Insurance [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	83.70%
2nd Year	16.40%
3rd Year	0.10%
4th Year	(0.10%)
5th Year	0.00%
6th Year	0.00%
7th Year	0.00%
8th Year	0.00%
9th Year	0.00%
10th Year	0.00%
Automobile Liability [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	32.80%
2nd Year	29.40%
3rd Year	17.10%
4th Year	12.30%
5th Year	4.30%
6th Year	1.80%
7th Year	0.50%
8th Year	0.40%
9th Year	0.00%
10th Year	0.00%
Automobile Physical Damage [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	86.00%
2nd Year	13.00%
3rd Year	(0.60%)
4th Year	1.10%
5th Year	0.00%
General Liability [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	17.70%
2nd Year	18.80%
3rd Year	16.20%
4th Year	14.30%
5th Year	10.90%
6th Year	5.40%
7th Year	6.60%
8th Year	2.40%
9th Year	2.00%
10th Year	6.70%
Surety [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	32.20%
2nd Year	34.20%
3rd Year	19.60%
4th Year	11.00%
5th Year	2.00%
6th Year	3.90%
7th Year	0.50%
8th Year	5.70%
9th Year	0.00%
10th Year	0.00%

Insurance Reserves and Policyholder Funds, Incurred Paid Claims Reconciliation (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	$ 51,995
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	11,968	$ 10,796
Unallocated claims adjustment expenses	1,726
Total gross liability for unpaid losses, claims and loss adjustment expenses	65,689	$ 62,562	$ 63,870
Medicare Supplement Insurance [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	10,368
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	4,748
Automobile Liability [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	31,450
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	5,245
Automobile Physical Damage [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	1,110
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	116
General Liability [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	3,902
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	1,859
Surety [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	3,161
Other Short-Duration Insurance Lines [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	$ 2,004

Reinsurance (Details) $ in Thousands	12 Months Ended
Reinsurance (Details) $ in Thousands	Dec. 31, 2017 USD ($) Reinsurer	Dec. 31, 2016 USD ($)
Ceded Credit Risk [Line Items]
Percentage of reinsurance recoverables due from reinsurers	99.00%
Number of reinsurers \| Reinsurer	2
Summary reconciliation of premiums written and premiums earned [Abstract]
Direct premiums written	$ 181,568	$ 142,200
Assumed premiums written	19,373	19,123
Ceded premiums written	(38,019)	(10,225)
Net premiums written	162,922	151,098
Direct premiums earned	181,458	144,339
Assumed premiums earned	19,241	19,124
Ceded premiums earned	(37,372)	(9,998)
Net premiums earned	163,327	153,465
Provision for benefits and losses incurred	147,444	109,616
Reinsurance loss recoveries	(29,929)	(6,419)
Total insurance benefits and losses incurred	117,515	103,197
Components of reinsurance recoverables [Abstract]
Recoverable on unpaid losses	11,968	10,796
Recoverable on unpaid benefits	4,403	655
Ceded unearned premiums	874	227
Ceded advanced premiums	368	25
Total reinsurance recoverables	17,613	$ 11,703
Swiss Reinsurance Corporation [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables due	60
General Re Life Corporation [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables due	$ 17,449

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Allocation of total income taxes [Abstract]
Total tax expense on income		$ 828	$ 888
Tax expense on components of shareholders' equity [Abstract]
Net unrealized gains on investment securities		2,111	671
Total tax expense		2,939	1,559
Reconciliation of income tax expense (benefit) [Abstract]
Federal income tax provision at statutory rate of 35%		1,875	1,233
Dividends-received deduction		(92)	(95)
Small life insurance company deduction		(613)	(376)
Other		72	55
Remeasurement of deferred taxes due to tax reform enactment		(395)	0
Adjustment for prior years' estimates to actual		(19)	71
Income tax expense		$ 828	$ 888
Effective tax rate		15.50%	25.20%
Federal statutory income tax rate		35.00%
SLD as percentage of life insurance company taxable income		60.00%
Percentage of reduction in SLD		15.00%
Tentative amount of LICTI to reduction of SLD		$ 3,000
Tentative amount of LICTI to phase out of SLD		15,000
Deferred tax liabilities [Abstract]
Deferred acquisition costs		(1,200)	$ (2,345)
Deferred and uncollected premiums		(377)	(654)
Net unrealized investment gains		(3,150)	(3,140)
Other		(331)	(666)
Total deferred tax liabilities		(5,058)	(6,805)
Deferred tax assets [Abstract]
Insurance reserves		3,216	4,589
Impaired assets		869	1,454
Alternative minimum tax credit		0	282
Bad debts and other		380	640
Total deferred tax assets		4,465	6,965
Net deferred tax liability		(593)	0
Net deferred tax asset		0	160
Components of income tax expense [Abstract]
Current - Federal		2,186	890
Deferred - Federal		(1,358)	(2)
Income tax expense		$ 828	$ 888
Plan [Member]
Reconciliation of income tax expense (benefit) [Abstract]
Federal statutory income tax rate	21.00%

Junior Subordinated Debentures (Details)
$ / shares in Units, shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2017

USD ($)

Trust

Quarter

$ / shares

Debt Instrument [Line Items]

Number of Connecticut statutory business trusts | Trust

Financial structure of statutory business trusts [Abstract]

Net balance December 31, 2017

$ 33,738

Net balance December 31, 2016

$ 33,738

Junior Subordinated Debentures [Member]

Financial structure of statutory business trusts [Abstract]

Number of consecutive quarters for which interest payments can be deferred | Quarter

Atlantic American Statutory Trust I [Member] | Junior Subordinated Debentures [Member]

Financial structure of statutory business trusts [Abstract]

Principal amount owed

$ 18,042

^[1],[2]

Balance December 31, 2017

18,042

^[1],[2]

Less: Treasury debt

^[1],[2],[3]

Net balance December 31, 2017

18,042

^[1],[2]

Net balance December 31, 2016

$ 18,042

^[1],[2]

Atlantic American Statutory Trust I [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]

LIBOR + 4.00%

^[1],[2]

Interest payable

Quarterly

^[1],[2]

Maturity date

Dec. 04, 2032

^[1],[2]

Redeemable by issuer

Yes

^[1],[2]

Financial structure of statutory business trusts [Abstract]

Atlantic American Statutory Trust I [Member] | Trust Preferred Securities [Member]

4.00%

Financial structure of statutory business trusts [Abstract]

Securities issued (in shares) | shares

LIBOR + 4.00%

Issuance date

Dec. 04, 2002

17,500

Liquidation preference per security (in dollars per share) | $ / shares

$ 1

Liquidation value

$ 17,500

Distribution payable

Quarterly

Distribution guaranteed by

Atlantic American Corporation

^[4]

Atlantic American Statutory Trust I [Member] | Trust Preferred Securities [Member] | LIBOR [Member]

Financial structure of statutory business trusts [Abstract]

Atlantic American Statutory Trust II [Member] | Junior Subordinated Debentures [Member]

4.00%

Financial structure of statutory business trusts [Abstract]

Principal amount owed

$ 23,196

^[1],[2]

Balance December 31, 2017

23,196

^[1],[2]

Less: Treasury debt

(7,500)

^[1],[2],[3]

Net balance December 31, 2017

15,696

^[1],[2]

Net balance December 31, 2016

$ 15,696

^[1],[2]

Atlantic American Statutory Trust II [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]

LIBOR + 4.10%

^[1],[2]

Interest payable

Quarterly

^[1],[2]

Maturity date

May 15, 2033

^[1],[2]

Redeemable by issuer

Yes

^[1],[2]

Financial structure of statutory business trusts [Abstract]

Atlantic American Statutory Trust II [Member] | Trust Preferred Securities [Member]

4.10%

Financial structure of statutory business trusts [Abstract]

Securities issued (in shares) | shares

LIBOR + 4.10%

Issuance date

May 15, 2003

22,500

Liquidation preference per security (in dollars per share) | $ / shares

$ 1

Liquidation value

$ 22,500

Distribution payable

Quarterly

Distribution guaranteed by

Atlantic American Corporation

^[4]

Atlantic American Statutory Trust II [Member] | Trust Preferred Securities [Member] | LIBOR [Member]

Financial structure of statutory business trusts [Abstract]

4.10%

[1]	For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures' respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company's common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities.
[2]	The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries.
[3]	In 2014, the Company acquired $7,500 of the Junior Subordinated Debentures.
[4]	The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Rental expense for operating leases	$ 1,306	$ 1,277
Future minimum base lease obligations under non-cancelable operating leases [Abstract]
2018	928
2019	495
2020	528
Thereafter	3,785
Total	$ 5,736

Benefit Plans (Details) - 2012 Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance (in shares)	2,000,000
Shares available for future grant (in shares)	1,241,200	1,423,200
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	0	0
Options outstanding (in shares)	0	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued (in shares)	182,000	180,000
Estimated fair value of shares issued	$ 646	$ 741
Restricted Stock [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Restricted Stock [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Benefit Plans, 401(k) Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
401(k) Plan [Abstract]
Maximum percentage of compensation employees may defer	50.00%
Total matching contribution	$ 237	$ 223
Employer maximum contribution to plan	35.00%	35.00%
Percentage of participants contribution	6.00%	6.00%
Safe harbor non-elective contribution	3.00%	3.00%
Safe harbor non-elective contribution	$ 450	$ 433

Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Series D Preferred Stock, outstanding (in shares)	55,000	55,000
Dividends paid for Series D Preferred Stock	$ 399	$ 399
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Series D Preferred Stock, outstanding (in shares)	55,000	55,000
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Accrued annual dividends rate (in dollars per share)	$ 7.25	$ 7.25
Number of preferred stock shares convertible to common shares (in shares)	1,378,000
Maximum number of common stock issuable from conversion of preference shares, without obtaining prior shareholder approval (in shares)	2,703,000
Dividends accrued but unpaid	$ 18	$ 18
Dividends paid for Series D Preferred Stock	$ 399	$ 399

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income [Abstract]
Net income before preferred stock dividends	$ 4,528	$ 2,636
Less: preferred stock dividends	(399)	(399)
Net income applicable to common shareholders	$ 4,129	$ 2,237
Shares [Abstract]
Weighted average shares outstanding (in shares)	20,431	20,445
Per Share Amount [Abstract]
Net income applicable to common shareholders (in dollars per share)	$ 0.20	$ 0.11

Statutory Reporting (Details) - USD ($) $ in Thousands	12 Months Ended
Statutory Reporting (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Statutory Accounting Practices [Line Items]
Dividends received from its subsidiaries	$ 4,850	$ 5,508
Maximum dividend payments by insurance subsidiaries without requiring prior approval	4,761
Statutory accounting practices [Member]
Statutory Accounting Practices [Line Items]
Statutory net income (loss)	3,767	7,603
Statutory surplus	77,483	74,919
Statutory accounting practices [Member] \| Life and Health [Member]
Statutory Accounting Practices [Line Items]
Statutory net income (loss)	(2,880)	1,133
Statutory surplus	34,135	33,430
Statutory accounting practices [Member] \| Property and Casualty [Member]
Statutory Accounting Practices [Line Items]
Statutory net income (loss)	6,647	6,470
Statutory surplus	$ 43,348	$ 41,489

Related Party Transactions (Details) $ in Thousands	12 Months Ended
Related Party Transactions (Details) $ in Thousands	Dec. 31, 2017 USD ($) ft² Director shares	Dec. 31, 2016 USD ($) shares
Related Party Transaction [Line Items]
Number of board of directors \| Director	2
Rental expense for operating leases	$ 1,306	$ 1,277
Payment of dividends on Series D Preferred Stock	399	399
Series D Preferred Stock [Member]
Related Party Transaction [Line Items]
Payment of dividends on Series D Preferred Stock	$ 399	399
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Office and covered garage space leased \| ft²	49,586
Rental expense for operating leases	$ 866	882
Services purchased from related party	54	215
Members of Management [Member]
Related Party Transaction [Line Items]
Aggregate carrying value of investments in Gray	14,407	10,305
Premiums paid by Gray for group accident plan	$ 597	$ 478
Members of Management [Member] \| Class A common stock [Member]
Related Party Transaction [Line Items]
Shares of Gray common stock owned (in shares) \| shares	880,272	880,272
Members of Management [Member] \| Common Stock [Member]
Related Party Transaction [Line Items]
Shares of Gray common stock owned (in shares) \| shares	106,000	106,000

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Revenue and income (loss) before income taxes for each business unit [Abstract]
Insurance premiums	$ 163,327	$ 153,465
Insurance benefits and losses incurred	117,515	103,197
Expenses deferred	(14,349)	(12,993)
Amortization and depreciation expense	12,080	13,089
Other expenses	60,512	59,260
Total benefits and expenses	175,758	162,553
Investment income	8,496	9,884
Other income	123	133
Operating income (loss)	(3,812)	929
Net realized gains (losses)	9,168	2,595
Income before income taxes	5,356	3,524
Total revenues	181,114	166,077
Intangibles	2,544	2,544
Total assets	343,239	318,600
Operating Segments [Member] \| American Southern [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Insurance premiums	53,661	53,763
Insurance benefits and losses incurred	34,486	34,408
Expenses deferred	(8,062)	(7,834)
Amortization and depreciation expense	8,543	8,709
Other expenses	15,951	15,562
Total benefits and expenses	50,918	50,845
Underwriting income (loss)	2,743	2,918
Investment income	3,332	3,868
Other income	11	0
Operating income (loss)	6,086	6,786
Net realized gains (losses)	2,481	528
Income before income taxes	8,567	7,314
Total revenues	59,485	58,159
Intangibles	1,350	1,350
Total assets	126,313	123,721
Operating Segments [Member] \| Bankers Fidelity [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Insurance premiums	109,666	99,702
Insurance benefits and losses incurred	83,029	68,789
Expenses deferred	(6,287)	(5,159)
Amortization and depreciation expense	2,825	3,667
Other expenses	38,196	37,258
Total benefits and expenses	117,763	104,555
Underwriting income (loss)	(8,097)	(4,853)
Investment income	5,021	5,725
Other income	8	10
Operating income (loss)	(3,068)	882
Net realized gains (losses)	2,800	2,068
Income before income taxes	(268)	2,950
Total revenues	117,495	107,505
Intangibles	1,194	1,194
Total assets	185,624	168,657
Corporate and Other [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Insurance premiums	0	0
Insurance benefits and losses incurred	0	0
Expenses deferred	0	0
Amortization and depreciation expense	712	713
Other expenses	16,191	15,761
Total benefits and expenses	16,903	16,474
Investment income	2,267	2,217
Other income	7,806	7,518
Operating income (loss)	(6,830)	(6,739)
Net realized gains (losses)	3,887	(1)
Income before income taxes	(2,943)	(6,740)
Total revenues	13,960	9,734
Intangibles	0	0
Total assets	147,653	138,694
Adjustments & Eliminations [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Insurance premiums	0	0
Insurance benefits and losses incurred	0	0
Expenses deferred	0	0
Amortization and depreciation expense	0	0
Other expenses	(9,826)	(9,321)
Total benefits and expenses	(9,826)	(9,321)
Investment income	(2,124)	(1,926)
Other income	(7,702)	(7,395)
Operating income (loss)	0	0
Net realized gains (losses)	0	0
Income before income taxes	0	0
Total revenues	(9,826)	(9,321)
Intangibles	0	0
Total assets	$ (116,351)	$ (112,472)

Disclosures About Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Carrying Amount [Member]

Carrying Amount [Member] | Level 1 [Member]

Fixed maturities

^[1]

$ 215,108

$ 210,670

Equity securities

^[1]

23,355

20,257

Carrying Amount [Member] | Level 2 [Member]

24,547

13,252

Investment in unconsolidated trusts

Policy loans

2,146

2,265

Real estate

1,238

Liabilities [Abstract]

Junior Subordinated Debentures, net

33,738

Carrying Amount [Member] | Level 3 [Member]

Estimated Fair Value [Member]

Other invested assets

5,626

9,709

Estimated Fair Value [Member] | Level 1 [Member]

Fixed maturities

^[1]

215,108

210,670

Equity securities

^[1]

23,355

20,257

Estimated Fair Value [Member] | Level 2 [Member]

24,547

13,252

Investment in unconsolidated trusts

Policy loans

2,146

2,265

Real estate

1,238

Liabilities [Abstract]

Junior Subordinated Debentures, net

33,738

Estimated Fair Value [Member] | Level 3 [Member]

Other invested assets

$ 5,626

$ 9,709

[1]	See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning Balance	$ 105,506	$ 102,492
Total other comprehensive income, net of tax	3,921	1,246
Ending Balance	112,983	105,506
AOCI Attributable to Parent [Member]
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning Balance	5,830	4,584
Total other comprehensive income, net of tax	3,921	1,246
Ending Balance	9,751	5,830
Unrealized Gains on Available-for-Sale Securities [Member]
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning Balance	5,830
Other comprehensive income before reclassifications	9,880
Amounts reclassified from accumulated other comprehensive income	(5,959)
Total other comprehensive income, net of tax	3,921
Ending Balance	$ 9,751	$ 5,830

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

ASSETS [Abstract]

Investments in unconsolidated trusts

$ 13,252

$ 24,547

$ 13,252

$ 15,622

Investments

247,511

244,177

1,238

Other assets

5,089

5,208

Total assets

343,239

318,600

LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]

Deferred tax liability, net

593

Junior subordinated debentures

33,738

Total liabilities

230,256

213,094

Shareholders' equity

112,983

105,506

102,492

Total liabilities and shareholders' equity

343,239

318,600

REVENUE [Abstract]

Other

123

133

Total revenue

181,114

166,077

INTEREST EXPENSE

1,723

1,562

INCOME TAX BENEFIT

(828)

(888)

CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]

4,528

2,636

Adjustments to reconcile net income to net cash provided by operating activities [Abstract]

4,528

2,636

Realized investment losses (gains), net

(9,168)

(2,595)

Depreciation and amortization

1,438

1,205

Compensation expense related to share awards

495

586

Deferred income tax benefit

(1,358)

(2)

Increase (decrease) in other liabilities

5,665

1,649

Other, net

Net cash provided by operating activities

2,634

1,316

CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]

Proceeds from investments sold, called or matured

10,791

10,874

Investments purchased

(84,552)

(75,071)

Additions to property and equipment

(103)

(396)

Net cash provided by (used in) investing activities

10,128

(2,232)

CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]

Payment of dividends on Series D preferred stock

(399)

Payment of dividends on common stock

(408)

Proceeds from shares issued under stock plans

Purchase of shares for treasury

(692)

(698)

Net cash used in financing activities

(1,467)

(1,454)

Net increase (decrease) in cash

11,295

(2,370)

Cash and cash equivalents at beginning of year

13,252

15,622

Cash and cash equivalents at end of year

24,547

13,252

Supplemental disclosure [Abstract]

Cash paid for interest

1,705

1,544

Cash paid for income taxes

1,400

675

Parent Company [Member]

ASSETS [Abstract]

Investment in subsidiaries

4,308

9,732

4,308

$ 4,463

Investments

16,097

16,160

116,351

112,472

Investments in unconsolidated trusts

1,238

Income taxes receivable from subsidiaries

2,879

2,961

Other assets

3,762

4,554

Total assets

150,059

141,693

LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]

Deferred tax liability, net

1,253

500

Other payables

2,085

1,949

Junior subordinated debentures

33,738

Total liabilities

37,076

36,187

Shareholders' equity

112,983

105,506

Total liabilities and shareholders' equity

$ 150,059

$ 141,693

REVENUE [Abstract]

Fee income from subsidiaries

7,702

7,395

Distributed earnings from subsidiaries

4,850

5,508

Other

4,130

408

Total revenue

16,682

13,311

GENERAL AND ADMINISTRATIVE EXPENSES

13,015

12,858

INTEREST EXPENSE

1,723

1,562

Earnings before tax and equity in undistributed earnings (losses) of subsidiaries

1,944

(1,109)

INCOME TAX BENEFIT

^[1]

(2,553)

(1,837)

Earnings after tax but before equity in undistributed earnings (losses) of subsidiaries

4,497

728

EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET

1,908

CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]

4,528

2,636

Adjustments to reconcile net income to net cash provided by operating activities [Abstract]

4,528

2,636

Realized investment losses (gains), net

(3,891)

Depreciation and amortization

712

713

Compensation expense related to share awards

495

586

Equity in undistributed earnings of consolidated subsidiaries

(31)

(1,908)

Decrease (increase) in intercompany taxes

(815)

Deferred income tax benefit

(1,358)

(2)

Increase (decrease) in other liabilities

136

(224)

Other, net

295

(221)

Net cash provided by operating activities

968

766

CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]

Proceeds from investments sold, called or matured

6,014

1,979

Investments purchased

(1,000)

Capital contribution to subsidiaries

(75)

Additions to property and equipment

(91)

(371)

Net cash provided by (used in) investing activities

5,923

533

CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]

Payment of dividends on Series D preferred stock

(399)

Payment of dividends on common stock

(408)

Proceeds from shares issued under stock plans

Purchase of shares for treasury

(692)

(698)

Net cash used in financing activities

(1,467)

(1,454)

Net increase (decrease) in cash

5,424

(155)

Cash and cash equivalents at beginning of year

4,308

4,463

Cash and cash equivalents at end of year

9,732

4,308

Supplemental disclosure [Abstract]

Cash paid for interest

1,705

1,544

Cash paid for income taxes

1,400

675

Intercompany tax settlement from subsidiaries

$ 2,676

$ 2,845

[1]

Under the terms of a tax-sharing agreement, income tax provisions for the subsidiary companies are computed on a separate company basis. Accordingly, the Company's income tax benefit results from the utilization of the Parent's separate return loss to reduce the consolidated taxable income of the Company.

Schedule III SUPPLEMENTARY INSURANCE INFORMATION (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Supplementary Insurance Information, by Segment [Line Items]

Deferred Acquisition Costs

$ 32,694

$ 28,975

Future Policy Benefits, Losses, Claims and Loss Reserves

148,124

^[1]

137,405

^[2]

Unearned Premiums

23,449

23,208

Other Policy Claims and Benefits Payable

2,010

2,066

Liability for future policy benefits

82,435

74,843

Losses and claims

65,689

62,562

$ 63,870

163,327

153,465

7,707

9,307

117,515

103,197

10,630

11,884

47,613

47,472

Bankers Fidelity [Member]

53,362

51,477

Supplementary Insurance Information, by Segment [Line Items]

Deferred Acquisition Costs

30,619

26,791

Future Policy Benefits, Losses, Claims and Loss Reserves

100,127

87,849

Unearned Premiums

4,271

3,731

Other Policy Claims and Benefits Payable

2,010

2,066

109,666

99,702

4,257

5,172

83,029

68,789

2,460

3,401

32,274

32,365

American Southern [Member]

Supplementary Insurance Information, by Segment [Line Items]

Deferred Acquisition Costs

2,075

2,184

Future Policy Benefits, Losses, Claims and Loss Reserves

47,997

49,556

Unearned Premiums

19,178

19,477

Other Policy Claims and Benefits Payable

53,661

53,763

3,307

3,844

34,486

34,408

8,170

8,483

8,262

7,954

Supplementary Insurance Information, by Segment [Line Items]

53,362

51,477

Other [Member]

143

291

7,077

7,153