0001140361-26-039951 | 10-K/A | XBRL Viewer

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Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
Benefit Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	May 24, 2022
Benefit Plans [Abstract]
Maximum percentage of compensation employees may defer	50.00%
Total matching contribution (in Dollars)	$ 270	$ 306
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 (in Dollars)	$ 716	$ 682
Employer contribution graded vesting period	5 years
2022 Plan [Member] \| Share Awards [Member]
Benefit Plans [Abstract]
Number of shares authorized for issuance (in Shares)			3,000,000
Shares available for future grant (in Shares)	2,960,000	2,960,000
2022 Plan [Member] \| Restricted Stock [Member]
Benefit Plans [Abstract]
Restricted shares issued (in Shares)	0	0
2022 Plan [Member] \| Stock Options [Member]
Benefit Plans [Abstract]
Options granted (in Shares)	0	0
Options outstanding (in Shares)	0	0
2022 Plan [Member] \| Minimum [Member] \| Restricted Stock [Member]
Benefit Plans [Abstract]
Vesting period	1 year
2022 Plan [Member] \| Maximum [Member] \| Restricted Stock [Member]
Benefit Plans [Abstract]
Vesting period	3 years

Future Policy Benefits - Weighted Average Interest Rates (Details)	Dec. 31, 2025	Dec. 31, 2024
Individual Life [Member]
Future Policy Benefits [Abstract]
Interest accretion (locked-in) rate	4.90%	4.50%
Current discount rate	5.30%	5.50%
Group Life [Member]
Future Policy Benefits [Abstract]
Interest accretion (locked-in) rate	5.00%	4.60%
Current discount rate	5.90%	5.90%
Medical Supplement [Member]
Future Policy Benefits [Abstract]
Interest accretion (locked-in) rate	4.80%	3.60%
Current discount rate	6.40%	6.00%
Other Individual Health [Member]
Future Policy Benefits [Abstract]
Interest accretion (locked-in) rate	4.00%	3.80%
Current discount rate	5.50%	5.70%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)(6)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 29E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480046/944-40-55-29E

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-6

+ Details

Schedule IV REINSURANCE INFORMATION - Schedule IV REINSURANCE INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Schedule IV REINSURANCE INFORMATION [Abstract]
Life insurane in force, Direct Amount	$ 1,040,286	$ 982,997
Life insurane in force, Ceded To Other Companies	(5,727)	(7,245)
Life insurane in force, Assumed From Other Companies	0	0
Life insurane in force, Net Amounts	1,034,559	975,752
Premiums, Direct Amount	234,140	210,284
Premiums, Ceded To Other Companies	(74,399)	(59,215)
Premiums, Assumed From Other Companies	36,401	27,519
Net premiums earned	$ 196,142	$ 178,588
Premiums, Percentage of Amount Assumed to Net	18.70%	15.40%
Bankers Fidelity [Member]
Schedule IV REINSURANCE INFORMATION [Abstract]
Premiums, Direct Amount	$ 179,872	$ 164,135
Premiums, Ceded To Other Companies	(68,234)	(53,236)
Premiums, Assumed From Other Companies	0	0
Net premiums earned	$ 111,638	$ 110,899
Premiums, Percentage of Amount Assumed to Net	0.00%	0.00%
American Southern [Member]
Schedule IV REINSURANCE INFORMATION [Abstract]
Premiums, Direct Amount	$ 54,268	$ 46,149
Premiums, Ceded To Other Companies	(6,165)	(5,979)
Premiums, Assumed From Other Companies	36,401	27,519
Net premiums earned	$ 84,504	$ 67,689
Premiums, Percentage of Amount Assumed to Net	43.10%	40.70%

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Additional Information of Operating Leases

Additional information regarding the Company’s real estate operating leases is as follows:

	Year Ended December 31, 2025			Year Ended December 31, 2024
Other information on operating leases:
Cash payments included in the measurement of lease liabilities reported in operating cash flows	$	1,254		$	1,065
Right-of-use assets included in other assets on the consolidated balance sheet		4,632			5,225
Weighted average discount rate		7.9	%		6.8	%
Weighted average remaining lease term in years	6.7 years			7.9 years

Maturities and Present Value of Lease Liabilities

The following table presents maturities and present value of the Company’s lease liabilities:

	Lease Liability
2026	$	1,113
2027		693
2028		673
2029		645
2030		719
Thereafter		2,876
Total undiscounted lease payments		6,719
Less: present value adjustment		2,023
Operating lease liability included in accounts payable and accrued expenses on the consolidated balance sheet	$	4,696

Statutory Reporting (Details) - USD ($) $ in Thousands	12 Months Ended
Statutory Reporting (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Statutory Reporting [Abstract]
Dividends received from its subsidiaries	$ 8,400	$ 9,000
Maximum dividend payments by insurance subsidiaries without requiring prior approval	$ 8,058

Credit Arrangements - Junior Subordinated Debentures (Details)
$ in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

Trust

Dec. 31, 2024

USD ($)

Credit Arrangements [Abstract]

Number of Connecticut statutory business trusts (in Trust) | Trust

Junior subordinated debenture owed to unconsolidated subsidiary trust

$ 33,738

Junior Subordinated Debt [Member]

Credit Arrangements [Abstract]

Variable rate term

3 months

Investment, Variable Interest Rate, Type [Extensible Enumeration]

aame:LondonInterbankOfferedRateMember

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Basis spread on variable rate

0.26161%

Debt instrument, effective interest rate percentage

8.13%

8.82%

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

Credit Arrangements [Abstract]

Junior subordinated debenture owed to unconsolidated subsidiary trust

^[1],[2]

$ 18,042

Maturity date

Dec. 04, 2032

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

Credit Arrangements [Abstract]

Junior subordinated debenture owed to unconsolidated subsidiary trust

^[1],[2]

$ 15,696

Maturity date

May 15, 2033

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

Credit Arrangements [Abstract]

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Basis spread on variable rate

4.00%

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

Credit Arrangements [Abstract]

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Basis spread on variable rate

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.

Investments

12 Months Ended

Dec. 31, 2025

Investments [Abstract]

Investments

Note 2. Investments

The following tables set forth the estimated fair value, gross unrealized gains, gross unrealized losses, allowance for credit losses and cost or amortized cost of the Company’s investments in fixed maturity and equity securities, aggregated by type and industry, as of December 31, 2025 and December 31, 2024.

Fixed maturity securities were comprised of the following:

	2025
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Amortized Cost
Fixed maturity securities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	24,067	$	207	$	1,525	$	-	$	25,385
Loan backed and structured securities		29,033		192		1,322		-		30,163
Obligations of states and political subdivisions		7,335		16		1,445		-		8,764
Corporate securities:
Utilities and telecom		30,844		240		2,736		-		33,340
Financial services		65,779		952		3,193		-		68,020
Other business – diversified		41,191		174		3,184		-		44,201
Other consumer – diversified		45,658		97		4,597		-		50,158
Total corporate securities		183,472		1,463		13,710		-		195,719
Redeemable preferred stocks:
Other consumer – diversified		204		10		-		-		194
Total redeemable preferred stocks		204		10		-		-		194
Total fixed maturity securities	$	244,111	$	1,888	$	18,002	$	-	$	260,225

	2024
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Amortized Cost
Fixed maturity securities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	22,251	$	24	$	2,144	$	-	$	24,371
Loan backed and structures securities		22,290		17		2,457		-		24,730
Obligations of states and political subdivisions		7,623		9		1,517		-		9,131
Corporate securities:
Utilities and telecom		24,623		108		3,206		-		27,721
Financial services		59,564		563		4,768		-		63,769
Other business – diversified		34,117		160		3,919		-		37,876
Other consumer – diversified		41,957		33		6,585		-		48,509
Total corporate securities		160,261		864		18,478		-		177,875
Redeemable preferred stocks:
Other consumer – diversified		187		-		5		-		192
Total redeemable preferred stocks		187		-		5		-		192
Total fixed maturity securities	$	212,612	$	914	$	24,601	$	-	$	236,299

Bonds having an amortized cost of $15,376 and $15,065 and included in the tables above were on deposit with insurance regulatory authorities at December 31, 2025 and 2024, respectively, in accordance with statutory requirements. In addition, the Company maintains cash and cash equivalents on deposit with insurance regulatory authorities of $0 and $226 at December 31, 2025 and 2024, respectively. Additionally, bonds having an amortized cost of $8,861 and $9,209 and included in the tables above were pledged as collateral to FHLB at December 31, 2025 and 2024, respectively.

Equity securities were comprised of the following:

	2025
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost
Equity securities:
Common and non-redeemable preferred stocks:
Financial services		1,319		1,009		-		310
Communications		11,076		6,443		-		4,633
Total equity securities	$	12,395	$	7,452	$	-	$	4,943

	2024
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost
Equity securities:
Common and non-redeemable preferred stocks:
Financial services		1,149		843		-		306
Communications		6,751		2,118		-		4,633
Total equity securities	$	7,900	$	2,961	$	-	$	4,939

The carrying value and amortized cost of the Company’s investments in fixed maturity securities at December 31, 2025 and 2024 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.

	2025				2024
	Carrying Value		Amortized Cost		Carrying Value		Amortized Cost
Due in one year or less	$	10,389	$	10,469	$	7,484	$	7,497
Due after one year through five years		62,870		63,892		62,722		64,703
Due after five years through ten years		33,769		34,264		32,820		35,552
Due after ten years		100,099		112,608		80,199		95,466
Asset backed securities		36,984		38,992		29,387		33,081
Totals	$	244,111	$	260,225	$	212,612	$	236,299

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, 2025 and 2024.

	2025
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	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	$	846	$	3	$	13,934	$	1,522	$	14,780	$	1,525
Loan backed and structured securities		1,793		14		13,755		1,308		15,548		1,322
Obligations of states and political subdivisions		1,087		238		4,823		1,207		5,910		1,445
Corporate securities		20,083		661		120,360		13,049		140,443		13,710
Total temporarily impaired securities	$	23,809	$	916	$	152,872	$	17,086	$	176,681	$	18,002

	2024
	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	$	3,753	$	33	$	16,136	$	2,111	$	19,889	$	2,144
Loan backed and structured securities		1,010		5		16,069		2,452		17,079		2,457
Obligations of states and political subdivisions		-		-		5,839		1,517		5,839		1,517
Corporate securities		18,510		755		125,930		17,723		144,440		18,478
Redeemable preferred stocks		188		5		-		-		188		5
Total temporarily impaired securities	$	23,461	$	798	$	163,974	$	23,803	$	187,435	$	24,601

Analysis of Securities in Unrealized Loss Positions

As of December 31, 2025 and 2024, there were 210 and 213 securities, respectively, in an unrealized loss position which primarily included certain of the Company’s investments in fixed maturity securities within the utilities and telecom, financial services, other diversified business and other diversified consumer sectors. With the exception of the other than temporary impairment loss noted below, the unrealized losses on the Company’s fixed maturity securities investments have been primarily related to general market changes in interest rates and/or the levels of credit spreads rather than specific concerns with the issuer’s ability to pay interest and repay principal.

At each reporting date, the Company evaluates available-for-sale fixed maturity securities whose fair values are below their amortized cost bases. The Company first determines whether it intends to sell a security or whether it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis, which may be at maturity. An intent to sell exists when the Company has made a decision to sell a security. If either condition is met, any existing allowance for credit losses (“ACL”) is written off, the security’s amortized cost basis is written down to fair value and any incremental impairment loss is recognized in earnings within realized investment gains (losses).

If the Company does not intend to sell a security and it is not more likely than not that the Company will be required to sell the security before recovery, the Company evaluates whether any portion of the decline in fair value is attributable to credit-related factors. A credit loss exists when the present value of the cash flows expected to be collected is less than the security’s amortized cost basis. Credit-related losses are recognized in earnings through an ACL, limited to the amount by which the security’s amortized cost basis exceeds its fair value. Unrealized losses attributable to noncredit factors are recognized in other comprehensive income, net of applicable income taxes.

As part of this evaluation, the Company reviews each security in an unrealized loss position to determine whether the decline in fair value is attributable to general market factors, including changes in interest rates and market credit spreads, or to issuer-specific credit factors. Securities with significant declines in fair value or other indicators of potential credit deterioration are subject to a more detailed credit review.

For corporate issuers, the Company evaluates their assets, business profile including industry dynamics and competitive positioning, financial statements and other available financial data. For non-corporate issuers, the Company analyzes all reasonably available sources of credit support, including issuer-specific factors. The Company utilizes information available in the public domain and, for certain private placement issuers, from consultations with the issuers directly. The Company also considers ratings from Nationally Recognized Statistical Rating Organizations, as well as the specific characteristics of the security it owns including seniority in the issuer’s capital structure, covenant protections, or other relevant features. From these reviews, the Company evaluates the issuers’ continued ability to service the Company’s investment through payment of interest and principal.

During the year ended December 31, 2025, the Company recognized an impairment loss of approximately $488 related to an asset-backed security. Based on management’s evaluation of the underlying collateral performance, projected cash flows, and market conditions, the Company concluded that recovery of the security’s amortized cost basis was not expected. Accordingly, the Company recorded a full write-down of the investment to its estimated realizable value, resulting in a charge to realized investment losses of $488. The Company intends to sell the security.

For the other fixed maturity securities in an unrealized loss position, the Company similarly concluded that the unrealized losses were attributed to noncredit factors. Based on its credit analyses, the Company believes that the issuers have the ability to continue servicing their obligations. The Company does not intend to sell these securities, and it is not more likely than not that the Company will be required to sell them before recovery of their amortized cost bases. Accordingly, the related unrealized losses remain in AOCI. Assuming no credit-related deterioration occurs, these unrealized losses are generally expected to diminish as the securities approach maturity.

The Company had no ACL on its available-for-sale fixed maturity securities as of December 31, 2025 and 2024.

Investment income was earned from the following sources:

	2025		2024
Fixed maturity securities	$	9,802	$	9,520
Equity securities		335		335
Other		394		191
		10,531		10,046
Investment expenses		265		255
Net investment income	$	10,266	$	9,791

Included in the net realized investment losses for the year ended December 31, 2025, was an impairment of a fixed maturity security totaling $488. The impairment resulted from a write-down of a security to its market value, which was recognized in earnings during the period. There were no impairments recognized for the year ended December 31, 2024.

A summary of realized investment gains (losses) follows:

	2025
	Fixed Maturity Securities			Equity Securities		Other Invested Assets		Total
Gains	$	196		$	-	$	-	$	196
Losses		(179	)		-		-		(179	)
Impairment losses		(488	)		-		-		(488	)
Realized investment losses, net	$	(471	)	$	-	$	-	$	(471	)

	2024
	Fixed Maturity Securities			Equity Securities		Other Invested Assets		Total
Gains	$	19		$	-	$	1,193	$	1,212
Losses		(2	)		-		-		(2	)
Realized investment gains, net	$	17		$	-	$	1,193	$	1,210

Proceeds from the sales of available-for-sale fixed maturity securities were as follows:

	2025		2024
Sales proceeds	$	13,447	$	-
Gross gains		186		-
Gross losses		178		-

There were no proceeds from the sales of equity securities during 2025 and 2024.

Proceeds from the sales of other invested assets were as follows:

	2025		2024
Sales proceeds	$	-	$	2,510
Gross gains		-		1,193
Gross losses		-		-

Sales of available-for-sale securities in 2025 were primarily a result of improving the overall risk versus return profile of the portfolio. In addition, the Company sold its interest in a certain limited liability company held as other invested assets to a third-party in 2024.

The following table presents the portion of unrealized gains (losses) related to equity securities still held for the years ended December 31, 2025 and 2024.

	2025		2024
Net realized and unrealized gains (losses) recognized during the period on equity securities	$	4,491	$	(1,516	)
Less: Net realized gains recognized during the period on equity securities sold during the period		-		-
Unrealized gains (losses) on equity securities, net	$	4,491	$	(1,516	)

The Company’s bond portfolio included 99% investment grade securities, as defined by the National Association of Insurance Commissioners (“NAIC”), at December 31, 2025 and 2024.

Variable Interest Entities

The Company holds passive interests in a number of entities that are considered to be variable interest entities (“VIEs”) under GAAP guidance. The Company’s VIE interests principally consist of interests in limited partnerships and limited liability companies formed for the purpose of achieving diversified equity returns. The Company’s VIE interests, carried as a part of other invested assets, totaled $6,037 and $6,616 at December 31, 2025 and 2024, respectively. The Company’s VIE interests, carried as a part of investment in unconsolidated trusts, totaled $1,238 at December 31, 2025 and 2024.

The Company does not have power over the activities that most significantly impact the economic performance of these VIEs and thus is not the primary beneficiary. Therefore, the Company has not consolidated these VIEs. The Company’s involvement with each VIE is limited to its direct ownership interest in the VIE. The Company has no arrangements with any of the VIEs to provide other financial support to or on behalf of the VIE other than future funding commitments. The Company’s maximum loss exposure relative to these investments was limited to the carrying value of the Company’s investment in the VIEs, which amount to $7,275 and $7,854, at December 31, 2025 and 2024, respectively. As of December 31, 2025 and 2024, the Company had outstanding commitments totaling $2,200 and $2,200, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1. Summary of Significant Accounting Policies

Business

Atlantic American Corporation (“Atlantic American” or the “Parent”), a Georgia corporation incorporated in 1968, is an insurance holding company. Atlantic American and its consolidated subsidiaries (collectively, the “Company”) provide life and health and property and casualty insurance products through two operating groups: Bankers Fidelity and American Southern.

As of December 31, 2025, Bankers Fidelity consisted of Bankers Fidelity Life Insurance Company and its wholly owned subsidiaries, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company. American Southern consisted of American Southern Insurance Company; its wholly owned insurance subsidiary, American Safety Insurance Company; and its wholly owned non-insurance subsidiaries, Premier Adjusting and Claim Services, Inc., Automobile Safety Management, Inc. and Automated Systems of Georgia, Inc. The Parent also owned xCalibre Risk Services, Inc., a non-insurance subsidiary.

Basis of Presentation and Consolidation

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) under guidance issued by the Financial Accounting Standards Board (“FASB”) and include the accounts of the Parent and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company’s insurance subsidiaries also prepare financial statements in accordance with statutory accounting practices prescribed or permitted by their respective state insurance regulatory authorities, which differ from GAAP. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.

Adoption of ASU 2018-12—Targeted Improvements to the Accounting for Long-Duration Contracts.

Effective January 1, 2025, the Company adopted Accounting Standards Update (“ASU”) No. 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, as subsequently amended by ASU Nos. 2019-09, 2020-11 and 2022-05 (collectively, “LDTI”). The Company applied LDTI using the modified retrospective transition method as of January 1, 2024 (the “Transition Date”) to its whole life, Medicare Supplement and certain guaranteed-renewable accident and health insurance products. Accordingly, amounts previously reported as of and for the year ended December 31, 2024, have been adjusted to conform to LDTI’s recognition, measurement, presentation and disclosure requirements. The effects of adoption as of the Transition Date are summarized below, and additional disaggregated information is presented in Notes 7, 8 and 9.

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates include, among others, liabilities for future policy benefits, unpaid claims and claim adjustment expenses, reinsurance recoverables, deferred policy acquisition costs, the valuation and impairment of investments, and deferred income taxes. These estimates and assumptions are based on information available as of the date of the consolidated financial statements and are reviewed periodically as additional information becomes available. Changes in estimates are recognized in the period in which they are determined. Actual results could differ from these estimates.

Summary of Significant Accounting Policies

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.

Investments

Fixed Maturity and Equity Securities

The Company’s investments in fixed maturity securities, which include bonds and redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, less allowance for credit losses (“ACL”), as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss (“AOCI”). The Company’s equity securities, which include common and non-redeemable preferred stocks, are carried at fair value with changes in fair value reported in net income. The fair values of fixed maturity securities and equity securities are largely determined from publicly quoted market prices, when available, or independent broker quotations. Values that are not determined using quoted market prices inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market prices.

Income from investments is recorded in net investment income on the Consolidated Statement of Operations. Gains and losses from sales, maturities, or other redemptions of investments are recorded in realized investment gains (losses). Gains and losses on the disposition of investments are determined on a specific identification basis. Interest income and prepayment fees are recognized when earned.

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 fixed maturity securities are accounted for as a direct increase (decrease) in Other Comprehensive Income (“OCI”), net of deferred tax and, accordingly, have no effect on net income.

Policy Loans

Policy loans are carried at unpaid principal balance and are fully collateralized by the cash surrender value of the underlying insurance contract. Interest income is recorded as earned using the contractual interest rate, in net investment income in the Consolidated Statement of Operations.

Variable Interest Entities

The Company holds passive interests in certain limited partnerships, limited liability companies and unconsolidated trusts that are considered variable interest entities (“VIEs”). Because the Company does not have the power to direct the activities that most significantly affect the economic performance of these entities, it is not the primary beneficiary and does not consolidate the VIEs. The limited partnership and limited liability company interests are accounted for using the equity method and presented as a single investment balance within other invested assets in the Consolidated Balance Sheets. Each investment is initially recorded at cost and subsequently increased or decreased for the Company’s allocable share of the investee’s net income or loss, which is recognized in net investment income in the Consolidated Statements of Operations. Contributions increase the carrying amount of the investment, while distributions generally reduce it. Investee results are recorded using the most recent financial information available, generally on a same-period basis with adjustments for material intervening events when necessary. Investments in unconsolidated trusts are presented separately in the Consolidated Balance Sheets and are carried at cost. The Company’s maximum exposure to loss generally consists of the carrying amounts of its investments and related unfunded commitments, and the Company has no obligation to provide financial support beyond those commitments. The Company evaluates its equity-method investments for impairment at least quarterly and recognizes any other-than-temporary decline in value as a reduction of the investment’s carrying amount and a charge to net investment income.

Reinsurance

The Company purchases reinsurance from unaffiliated reinsurers to reduce exposure to significant individual risks and catastrophic events. The Reinsurance arrangements do not legally discharge the insurer from primary liability for the full amount of the policies written by it, and the ceding company will incur a loss if the reinsurer fails to meet its obligations under the reinsurance agreement. In order to qualify for reinsurance accounting treatment, there must be a risk transfer.

Insurance liabilities are reported gross of reinsurance. Amounts recoverable from reinsurers are recognized separately as reinsurance recoverables and are reduced by an allowance for expected credit losses. The allowance reflects management’s estimate of amounts that may not be collected and considers the financial condition of reinsurers, historical collection experience, current conditions, reasonable and supportable forecasts, collateral and other relevant factors.

For ceded long-duration insurance contracts, reinsurance recoverables are measured using assumptions consistent with those used to measure the underlying direct insurance contracts, adjusted for the terms and conditions of the applicable reinsurance agreements. Changes resulting from actual experience and updates to future cash-flow assumptions are recognized in earnings. Effects attributable solely to changes in current discount rates are recognized in other comprehensive income. Bankers Fidelity has entered reinsurance contracts ceding a proportionate share of new Medicare Supplement business and the excess of its life retention to General Re Life Corporation. Ceding thresholds are set for all policies issued in a given calendar year.

For ceded short-duration insurance contracts, ceded premiums are recognized as a reduction of premium revenue over the coverage period in proportion to the insurance protection provided. Amounts recoverable for ceded claims and claim adjustment expenses are recognized as reductions of the related benefits and claims expense. Ceded unearned premiums and recoverables for unpaid claims are included in reinsurance recoverables. American Southern’s basic reinsurance treaties generally cover all claims in excess of specified per occurrence limitations.

Insurance Premiums and Other Receivables

Insurance premiums and other receivables are reported at the amounts expected to be collected, net of allowances for expected credit losses. The allowance is estimated using historical collection experience, current conditions, reasonable and supportable forecasts and information specific to individual insureds, agents and other counterparties. Receivables are written off when they are determined to be uncollectible. Recoveries of amounts previously written off are recognized when received.

Deferred Acquisition Costs

Deferred Acquisition Costs (“DAC”) represent commissions, premium taxes and other incremental direct costs that result directly from and are essential to the successful acquisition of insurance contracts and would not have been incurred had the contracts not been issued.

Long-Duration Contracts

DAC associated with long-duration contracts is grouped on a basis consistent with the related insurance contracts and amortized on a constant-level basis over the expected term of those contracts. The expected remaining term is calculated based on assumptions of expected mortality, lapses, and other contract terminations that are consistent with the assumptions used to measure the related liability for future policy benefits. These assumptions are reviewed at least annually and are updated as warranted whenever experience changes significantly. Actual contract terminations are reflected in the amortization calculation when they occur.

Short-Duration Contracts

DAC associated with short-duration contracts is amortized over the related coverage period in proportion to premium revenue recognized. The Company evaluates the recoverability of short-duration DAC when indications exist that expected claims, claim adjustment expenses, maintenance costs and other related expenses may exceed anticipated premium revenue. If a premium deficiency exists, DAC is reduced to the extent necessary, and an additional liability is recognized for any remaining deficiency.

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.

Leases

The Company determines whether an arrangement contains a lease at contract inception. Right-of-use assets and lease liabilities for operating leases are recognized at the lease commencement date. Lease liabilities are measured at the present value of fixed lease payments over the lease term. The Company uses the rate implicit in the lease when that rate is readily determinable; otherwise, it uses its incremental borrowing rate at lease commencement.

The lease term includes renewal and termination options when the Company is reasonably certain to exercise those options. Operating lease expense is recognized on a straight-line basis over the lease term. Operating lease right-of-use assets are included in other assets, and operating lease liabilities are included in other liabilities in the Consolidated Balance Sheets.

Policy Benefits, Claims and Insurance Reserves

Insurance reserves represent management’s estimates of the Company’s obligations under insurance and investment contracts in force as of the balance sheet date. These reserves principally include the Liability for Future Policy Benefits (“LFPB”) under long-duration contracts, deposit liabilities associated with investment contracts, and liabilities for unpaid claims and claim-related expenses under both short and long-duration insurance contracts.

For long-duration insurance contracts, the LFPB includes the present value of expected future policy benefits and related expenses, less the present value of expected future net premiums. The LFPB also includes liabilities associated with claims incurred for long-duration contracts, including reported claims, claims incurred but not reported (“IBNR”), claims in the course of settlement and related claim adjustment expenses. Accordingly, claim liabilities associated with Medicare Supplement, life and other long-duration accident and health products are included in LFPB and the liability for losses and claims in the Consolidated Balance Sheet.

For short-duration insurance contracts, liabilities for unpaid claims and claim adjustment expenses relate to insured events that have occurred on or before the balance sheet date and include reported claims, expected development on reported claims, IBNR and related claim adjustment expenses. These liabilities are reported within losses and claims in the Consolidated Balance Sheets.

Insurance liabilities are reported gross of reinsurance, and amounts recoverable from reinsurers are reported separately as an asset within reinsurance receivables in the Consolidated Balance Sheet. The use of reinsurance does not relieve the Company of its obligations to policyholders.

Long-Duration Contracts

The Company’s long-duration contracts principally include individual life, group whole life, Medicare Supplement and certain guaranteed-renewable individual accident and health insurance products. The LFPB is measured at the cohort level as the present value of expected future benefit payments and related claim expenses, less the present value of expected future net premiums. Expected future cash flows are projected through the period in which the related contracts are expected to remain in force. Such liabilities are established based on methods and underlying assumptions in accordance with GAAP and applicable actuarial standards.

Cash-flow assumptions are incorporated into the calculation of a cohort and include mortality, morbidity, policyholder lapses and other termination rates, claim costs, loss ratios, anticipated premium-rate increases and expenses. For life insurance products, significant assumptions principally include mortality and voluntary lapses. For Medicare Supplement products, significant assumptions principally include incurred loss ratios, anticipated premium-rate increases and total termination rates. For other long-duration accident and health products, significant assumptions principally include claim costs and total termination rates. These assumptions reflect management’s current best estimates of future experience without provision for adverse deviation and are based on Company experience, relevant industry data and anticipated future trends.

Actual experience through the reporting date is incorporated into the measurement each reporting period. Assumptions regarding future cash flows are reviewed at least annually and updated more frequently when evidence indicates that revisions are warranted. Differences between actual and expected experience and changes in future cash-flow assumptions are recognized in earnings as remeasurement gains or losses within insurance benefits and losses incurred in the Consolidated Statement of Operations.

The Company also has a block of annuity contracts under which amounts payable upon death, accident or sickness do not exceed the contract holder’s accumulated account value. Because these contracts do not expose the Company to significant mortality or morbidity risk, they are accounted for as investment contracts rather than long-duration insurance contracts. The related liability is measured based on accumulated contract holder account values, including credited interest, and is not included in the LFPB measurement under the long-duration insurance accounting model. The investment-contract liability, which was approximately $4,600 at December 31, 2025, is included in other policy liabilities in the Consolidated Balance Sheets.

Policy Grouping and Net Premium Ratio

Long-duration insurance contracts are grouped into cohorts based on product line and issue year, with no cohort containing contracts issued more than one year apart. The net premium ratio (“NPR”) is the ratio of the present value of expected future benefits and related claim expenses to the present value of expected future gross premiums. The NPR used to accrue the LFPB in each period is determined by using the historical and present value of expected future benefits and claim settlement expenses for the cohort divided by the historical and present value of expected future gross premiums for the cohort. For contracts in force at the Transition Date, the NPR reflects the applicable carrying amount under the Company’s modified retrospective transition method. For contracts issued after the Transition Date, the NPR is established based on expected benefits, related expenses and gross premiums as of the applicable contract issue date.

At each reporting date, actual experience is incorporated into the calculation, and the NPR is recalculated using actual experience and current assumptions about future cash flows. The NPR is capped at 100%. If the calculated NPR for a cohort exceeds 100%, the Company increases the LFPB by the amount necessary to reduce the NPR to 100% and recognizes the resulting loss immediately in earnings. The LFPB for an individual cohort may not be less than zero. Flooring adjustments are necessary when the present value of future net premiums exceeds the present value of future benefits for a given cohort. The flooring adjustment is the total of the flooring adjustments for each cohort, if any. These adjustments ensure that the liability for future policy benefits is at least zero for all cohorts.

Changes in the LFPB as a result of changes in the current discount rates are recognized separately in OCI and do not affect the NPR.

Discount Rates on Long Duration Contracts

The Company uses two discount-rate bases in measuring LFPB:

● Locked‑in discount rate – For contracts issued before the Transition Date, the cohort-level locked-in discount rate reflects the historical interest-accretion rates used to measure the contracts under previous GAAP. For contracts issued after the Transition Date, the locked-in discount rate is based on the upper-medium-grade fixed-income instrument yield applicable when the underlying contracts are issued. The locked-in discount rate is used to calculate the net premium ratio, interest accretion and remeasurement gains or losses recognized in earnings.

● Current discount rate – At each reporting date, the Company remeasures the LFPB using a current discount-rate curve based on yields for upper-medium-grade, or single-A, corporate fixed-income instruments. The curve is constructed to reflect the duration characteristics of the related liabilities and is updated quarterly. Observable market information is used for durations of up to 50 years. For projected cash flows beyond the last observable point, the Company holds the yield at the 50-year point constant.

The difference between the liability measured using the current discount rate and the liability measured using the locked-in discount rate is recognized in OCI. Changes in the current discount rate do not affect the net premium ratio or the remeasurement gains or losses recognized in earnings.

Short Duration Contracts

The Company’s short-duration insurance contracts principally include property and casualty insurance products and group accident and health products for which the Company generally has the unilateral right to terminate the group policy at an annual renewal date.

Liabilities for unpaid claims and claim adjustment expenses under short-duration contracts include estimates for reported claims and IBNR. The liabilities are established using actuarial methods applied to historical claim-development experience, expected loss ratios, claim frequency and severity trends and other relevant information. The estimates are reviewed each reporting period, and changes in estimated ultimate losses and claim adjustment expenses are recognized in earnings in the period in which the estimates are revised. Because these estimates are subject to significant uncertainty, actual claim payments may differ from the amounts recorded.

The Company also evaluates its short-duration insurance contracts for premium deficiencies. A premium deficiency exists when expected claims costs, claim adjustment expenses, policy maintenance costs and unamortized acquisition costs exceed the related unearned premiums and anticipated investment income. If a premium deficiency is identified, the Company first reduces the related DAC.

Treasury Stock

Treasury stock is reflected as a reduction of shareholders’ equity at cost. The Company uses the first-in-first-out purchase cost to determine the cost of treasury stock that is reissued. The Company includes any gains and losses in additional paid-in capital when treasury stock is reissued.

Premium Revenue

Short Duration Contracts

Premiums for short-duration insurance contracts are recognized as revenue over the coverage period in proportion to the insurance protection provided. Unearned premiums represent the portion of premiums written applicable to coverage periods after the balance sheet date and are reported as liabilities until earned.

Certain property and casualty contracts provide for retrospective premium adjustments based on the insured’s loss experience or other contractual criteria. Under these arrangements, additional premiums may be billed to or refunded to policyholders based on actual loss experience relative to contractual thresholds. Estimated retrospective premiums are recognized over the contract period based on experience to date and the terms of the underlying contracts. Estimates are revised as additional information becomes available, with resulting adjustments recognized in premium revenue in the period of revision.

Premium revenue is presented net of premiums ceded under reinsurance agreements.

Long Duration Contracts

Premiums for nonparticipating long-duration insurance contracts are recognized as revenue when due from policyholders. Premiums received before their contractual due dates are reported as advance premiums and reported within other policyholder liabilities on the Consolidated Balance Sheets. These amounts are recognized as premium revenue when they become due under the terms of the related insurance contracts.

Amounts received under annuity and other investment contracts that do not subject the Company to significant mortality or morbidity risk are reported as deposits within policyholder account balances rather than as premium revenue. Interest credited to policyholder account balances is recognized in benefits and other changes in policy reserves.

Premium revenue is presented net of premiums ceded under reinsurance agreements.

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.

Revision of Previously Issued Financial Statements

Nature of the Errors

Management identified deficiencies in the design and operating effectiveness of controls over the recording and reconciliation of premium receivables and the application of premium payments held in suspense within the Company’s group whole life and group accident and health business.

The Company did not design and maintain effective controls to timely and accurately reconcile enrollment, billing and cash receipt information at the individual policyholder level and to resolve differences among third-party enrollment data, the policy administration system and the general ledger.

As a result, the Company did not maintain controls operating at a sufficient level of precision to determine whether recorded premium receivables were valid, whether amounts held in suspense should be applied to individual policyholders or otherwise recognized, and whether the related amounts were recorded in the appropriate period and were appropriately classified in the consolidated financial statements. As a result, the Company has revised its previously reported 2024 financial information to remove the affected receivables and premium revenue.

Errors attributable to periods before January 1, 2024 were reflected as adjustments to the affected balance-sheet accounts and retained earnings as of December 31, 2023. Errors attributable to 2024 are reflected in the Company’s 2024 results of operations.

Effect of the Corrections

As of December 31, 2024, the cumulative corrections:

•

reduced insurance premiums and other receivables by approximately $5,580;

•

increased deferred income tax, net by approximately $1,172;

•

reduced accounts payable and accrued expenses by approximately $2,923;

•

reduced retained earnings by approximately $1,485.

•

reduced insurance premium, net and income (loss) before income taxes by $351; and

•

increased net loss by $277.

For the year ended December 31, 2024, the corrections reduced insurance premiums, net, and increased loss before income taxes by approximately $351,000, increased the income tax benefit by approximately $74,000, and increased net loss by approximately $277,000. The corrections reduced basic and diluted earnings per common share by approximately $0.02.

The corrections also affected certain components of the reconciliation of net income to net cash provided by operating activities. They did not affect the Company’s cash and cash equivalents or net cash provided by operating activities, net cash used in investing activities, or net cash provided by financing activities.

Materiality assessment

The Company evaluated the errors in accordance with ASC Topic 250, Accounting Changes and Error Corrections, and considered both quantitative and qualitative factors, including the guidance in Staff Accounting Bulletin (“SAB”) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in Current Year Financial Statements. The Company quantified the errors under both the rollover and iron-curtain methods and evaluated the errors individually and in the aggregate with other identified misstatements.

Based on this evaluation, management concluded that the errors were not material, individually or in the aggregate, to any of the Company’s previously issued annual or interim financial statements affected by the errors. Management further concluded that correcting the cumulative errors entirely in the consolidated statement of operations for the year ended December 31, 2025 would materially misstate the Company’s 2025 results of operations. Accordingly, the Company revised the comparative 2024 financial information and the applicable opening balances as of January 1, 2024 presented in these consolidated financial statements.

The Company did not amend its previously filed Annual Report on Form 10-K for the year ended December 31, 2024. The due-premium error-correction adjustments are presented separately from the adjustments resulting from the Company’s adoption of LDTI.

The following table represents a summary of the impacts of the revision at December 31, 2023.


		December 31, 2023					December 31, 2023
		As Previously Reported		Revision Impacts			As Revised
	(In thousands)
ASSETS
Receivables:
Insurance premiums and other		$	23,690	$	(3,457	)	$	20,233
Deferred income taxes, net			15,682		726			16,408
Total assets			381,265		(2,731	)		378,534

LIABILITIES AND SHAREHOLDERS’ EQUITY



Accounts payable and accrued expenses			24,811		(1,523	)		23,288
Total liabilities			273,990		(1,523	)		272,467

Shareholders’ equity:
Retained earnings			50,929		(1,208	)		49,721
Total shareholders’ equity			107,275		(1,208	)		106,067
Total liabilities and shareholders’ equity		$	381,265	$	(2,731	)	$	378,534

The following table represents a summary of the impacts of the revision for the Balance Sheet at December 31, 2024.


	December 31, 2024
		As Previously Reported		Revision Impacts			As Revised
	(In thousands)
ASSETS
Receivables:
Insurance premiums		$	27,458	$	(5,580	)	$	21,878
Deferred income taxes, net			18,118		1,172			19,290
Total assets			393,428		(4,408	)		389,020

LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and other accrued expenses			30,948		(2,923	)		28,025
Total liabilities			293,815		(2,923	)		290,892

Shareholders’ equity:
Retained earnings			45,854		(1,485	)		44,369
Total shareholders’ equity			99,613		(1,485	)		98,128
Total liabilities and shareholders’ equity		$	393,428	$	(4,408	)	$	389,020

The following table represents a summary of the impacts of the revision for the Statement of Operations for the year ended December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
	(In thousands, except share and per share data)
Revenue:
Insurance premiums, net		$	178,731		$	(351	)	$	178,380
Total revenue			188,227			(351	)		187,876

Loss before income taxes			(5,264	)		(351	)		(5,615	)
Income tax benefit			(996	)		(74	)		(1,070	)
Net loss			(4,268	)		(277	)		(4,545	)
Net loss applicable to common shareholders		$	(4,667	)	$	(277	)	$	(4,944	)
Earnings (loss) per common share (basic)		$	(0.23	)	$	(0.02	)	$	(0.25	)
Earnings (loss) per common share (diluted)		$	(0.23	)	$	(0.02	)	$	(0.25	)

The following table represents a summary of the impacts of the revision for the Statement of Comprehensive Income for the year ended December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
	(In thousands)
Net loss		$	(4,268	)	$	(277	)	$	(4,545	)
Other comprehensive gain (loss):
Future policy benefit discount rate remeasurement gain (loss)			-			-
Subtotal			(3,280	)					(3,280	)

Related income tax effect			689						689
Subtotal			689						689

Total other comprehensive income, net of tax			(2,591	)		-			(2,591	)
Total comprehensive income		$	(6,859	)	$	(277	)	$	(7,136	)

The following table represents a summary of the impacts of the revision for the Statement of Stockholders' Equity at December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
(In thousands)
Retained earnings:
Balance, beginning of year		$	50,929		$	(1,208	)	$	49,721
Net loss			(4,268	)		(277	)		(4,545	)
Balance, end of year			45,854			(1,485	)		44,369

Total shareholders’ equity		$	99,613		$	(1,485	)	$	98,128

The following table represents a summary of the impacts of the revision for the Statement of Cash Flows for the year ended December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
	(In thousands)
Cash flows from operating activities:
Net loss		$	(4,268	)	$	(277	)	$	(4,545	)
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax benefit			(1,747	)		(2,380	)		(4,127	)
Increase in receivables, net			(5,581	)		5,580			(1	)
(Decrease) increase in accounts payable and accrued expenses			6,137			(2,922	)		3,215
Net cash provided by operating activities		$	4,800		$	-		$	4,800

Recently Issued Accounting Standards

Adoption of New Accounting Standards

Income Taxes. In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The amendment requires that all entities disclose on an annual basis the following information about income taxes paid; the amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes; and the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5% of total income taxes paid (net of refunds received). All entities also are required to disclose: income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign; and income tax expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. The ASU, which also includes certain other amendments to improve the effectiveness of income tax disclosures, is effective for public business entities for annual periods beginning after December 15, 2024. The Company adopted ASU No. 2023-09 on December 31, 2025. Refer to Note 10 of Notes to Consolidated Financial Statements for details regarding the Company’s income tax disclosure.

Adoption of ASU 2018-12—Targeted Improvements to the Accounting for Long-Duration Contracts. Effective January 1, 2025, the Company adopted ASU No. 2018-12. The Company applied LDTI using the modified retrospective transition method as of January 1, 2024 (the “Transition Date”) to its whole life, Medicare Supplement and certain guaranteed-renewable accident and health insurance products. Accordingly, amounts previously reported as of and for the year ended December 31, 2024, have been adjusted to conform to LDTI’s recognition, measurement, presentation and disclosure requirements. The effects of adoption as of the Transition Date are summarized below, and additional disaggregated information is presented in Notes 7, 8 and 9.

Under the modified retrospective transition method, the carrying amount of the LFPB reported under previous GAAP as of December 31, 2023 was used as the starting point for determining the LFPB for in-force long-duration contracts as of the Transition Date. The Company adjusted that carrying amount to remove provisions for adverse deviation from assumptions other than discount rates, apply current best-estimate assumptions for future experience, remeasure the LFPB using applicable locked-in discount rates and recognize additional reserves for cohorts for which the NPR exceeded 100%.

As part of its LDTI implementation, the Company reassessed product classifications for its Bankers Fidelity subsidiary for group accident and health products, which were reclassified from long‑duration to short‑duration. This reclassification is supported by the Company’s ability to unilaterally cancel coverage annually. As of the Transition Date, this reclassification reduced the LFPB by $1,300, DAC by $3,300 resulting in a $1,576 reduction to opening retained earnings.

The carrying amount of DAC associated with contracts in force as of December 31, 2023 was used as the starting point for applying LDTI’s revised DAC amortization requirements, subject to the applicable product reclassifications.

Related reinsurance recoverables were remeasured using assumptions and methodologies consistent with those applied to the underlying reinsured contracts and adjusted for the terms of the applicable reinsurance agreements.

The difference between the LFPB measured under LDTI using the applicable locked-in discount rate and the corresponding carrying amount reported under previous GAAP was recognized as an adjustment to retained earnings. The difference between the LFPB measured using the current discount rate as of the Transition Date and the LFPB measured using the applicable locked-in discount rate was recognized as an adjustment to AOCI. The resulting cumulative-effect adjustments were recorded as of the Transition Date, net of related income tax effects.

The following table represents a summary of the Transition Date impacts associated with the implementation of LDTI to the consolidated balance sheet:


(In thousands)	Reinsurance Recoverables		Deferred Income Tax Asset			Deferred Acquisition Costs			Future Policy Benefits			Unearned Premiums			Other Policy Liabilities		Retained Earnings			Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2023 (as revised)	$	21,103	$	16,408		$	43,850		$	92,495		$	31,317		$	1,132	$	49,721		$	(16,121	)
Reclassification of annuities		-		-			-			(4,799	)		-			4,799		-			-
Reclassification of certain group accident and health products		-		419			(3,294	)		(1,300	)		-			-		(1,576	)		-
Reclassifications and adjustments for the cumulative effect of adoption on assets and liabilities		1,617		8			-			4,075			(2,467	)		-		(3	)		-
Impact from capping Transition Date net premium ratio		-		650			-			3,093			-			-		(2,443	)		-
Effect of remeasurement of future policy benefits to an upper-medium grade discount rate		1,233		(1,697	)		-			(6,846	)		-			-		-			6,382
Adjusted balance as of January 1, 2024, gross of reinsurance	$	23,953	$	15,788		$	40,556		$	86,718		$	28,850		$	5,931	$	45,699		$	(9,739	)

The following table presents the effects of the retrospective application of the adoption of the new LDTI accounting guidance to the Company's previously reported consolidated balance sheet:


	December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
	(In thousands)
ASSETS
Receivables:
Reinsurance recoverables		$	22,942		$	(61	)	$	22,881
Deferred income taxes, net			19,290			(3,320	)		15,970
Deferred acquisition costs			44,842			(3,598	)		41,244
Other assets			11,828			(2	)		11,826
Total assets			389,020			(6,981	)		382,039

LIABILITIES AND SHAREHOLDERS’ EQUITY
Insurance reserves and policyholder funds
Future policy benefits			98,464			(21,583	)		76,881
Unearned premiums			31,178			(2,333	)		28,845
Other policy liabilities			1,757			4,492			6,249
Total insurance reserves and policyholder funds			225,106			(19,424	)		205,682
Total liabilities			290,892			(19,424	)		271,468

Shareholders’ equity:
Retained earnings			44,369			(870	)		43,499
Accumulated other comprehensive loss			(18,712	)		13,313			(5,399	)
Total shareholders’ equity			98,128			12,443			110,571
Total liabilities and shareholders’ equity		$	389,020		$	(6,981	)	$	382,039

The following table presents the effects of the retrospective application of the adoption of the new LDTI accounting guidance to the Company's previously reported consolidated statement of operations:


	Year Ended December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
	(In thousands, except share and per share data)
Revenue:
Insurance premiums, net		$	178,380		$	(208	) (1)	$	178,588
Total revenue			187,876			206			188,082

Benefits and expenses:
Insurance benefits and losses incurred			125,831			(1,753	)		124,078
Future policy benefits remeasurement (gain) loss			-			(2,334	)		(2,334	)
Commissions and underwriting expenses			48,030			303			48,333
Total benefits and expenses			193,491			(3,784	)		189,707

Loss before income taxes			(5,615	)		3,990			(1,625	)
Income tax benefit			(1,070	)		838			(232	)
Net loss			(4,545	)		3,152			(1,393	)
Net loss applicable to common shareholders		$	(4,944	)	$	3,152		$	(1,792	)
Earnings (loss) per common share (basic)		$	(0.25	)	$	0.16		$	(0.09	)
Earnings (loss) per common share (diluted)		$	(0.25	)	$	0.16		$	(0.09	)

(1) Related to reclassification of group accident and health from long duration to short duration.

Consolidated Statements of Comprehensive Income


	Year Ended December 31, 2024
		As Revised			LDTI Adoption Impacts		As Adjusted
	(In thousands)
Net loss		(4,545	)		3,152		(1,393	)
Other comprehensive gain (loss):
Future policy benefit discount rate remeasurement gain (loss)		-			8,774		8,774
Subtotal		(3,280	)		8,774		5,494

Related income tax effect		689			(1,843	)	(1,154	)
Subtotal		689			(1,843	)	(1,154	)

Total other comprehensive income, net of tax		(2,591	)		6,931		4,340
Total comprehensive income		(7,136	)	$	10,083		2,947

The following table presents the effects of the retrospective application of the adoption of the new LDTI accounting guidance to the Company's previously reported consolidated statements of equity:


	Year Ended December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
(In thousands)
Retained earnings:
Balance, beginning of year		$	49,721		$	(4,022	)	$	45,699
Net loss			(4,545	)		3,152			(1,393	)
Balance, end of year			44,369			(870	)		43,499
Accumulated other comprehensive loss:
Balance, beginning of year			(16,121	)		6,382			(9,739	)
Other comprehensive income (loss), net of tax			(2,591	)		6,931			4,340
Balance, end of year			(18,712	)		13,313			(5,399	)

Total shareholders’ equity		$	98,128		$	12,443		$	110,571


	Year Ended December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
	(In thousands)
Cash flows from operating activities:
Net loss			(4,545	)	$	3,152			(1,393	)
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred acquisition costs			16,645			1,906			18,551
Acquisition costs deferred			(17,637	)		(1,602	)		(19,239	)
Benefit provision for credit losses			(26	)		22			(4	)
Deferred income tax benefit			(4,127	)		837			(3,290	)
Increase in receivables, net			(1	)		2,889			2,888
Increase in insurance reserves and policyholder funds			12,684			(7,204	)		5,480
Net cash provided by operating activities		$	4,800		$	-		$	4,800

Future Adoption of New Accounting Standards

Expense Disaggregation Disclosures. In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (“ASU 2024-03”). This Update requires disaggregated disclosure of income statement expenses for public business entities (“PBE”). The ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. ASU 2024-03 adds ASC 220-40 to require a footnote disclosure about specific expenses by requiring companies to disaggregate, in a tabular presentation, each relevant expense caption on the face of the income statement that includes employee compensation, depreciation, and intangible asset amortization. The tabular disclosure would also include certain other expenses, which do not apply to the Company. The ASU does not change or remove existing expense disclosure requirements; however, it may affect where that information appears in the footnotes to the financial statements. ASU 2024-03 is effective for all PBEs for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the new guidance and any effect it will have on the Company’s Consolidated Financial Statements.

Accounting for Internal-Use Software. In September 2025, the FASB issued ASU No. 2025-06 Intangibles – Goodwill and Other – Internal-Use Software (“ASU 350-40”): Targeted Improvements to the Accounting for Internal-Use Software. The update modernizes the accounting guidance based on stakeholder concerns that the existing guidance was designed around “waterfall” software development methods and does not align well with today’s agile and iterative development practices. The most significant change is the elimination of the existing software development “project stage” model as the trigger for capitalization. Instead, entities begin capitalizing internal-use software costs when management has authorized and committed funding for the project and it is probable the project will be completed and the software will be used as intended. The ASU does not change accounting for software to be sold, leased, or marketed externally (ASC 985-20), the requirement to expense items such as training, maintenance, data conversion, and data migration costs as incurred and the point at which capitalization ceases, which remains when the software is substantially complete and ready for its intended use. ASU 2025-06 is effective for all PBEs for fiscal years beginning after December 15, 2027, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the new guidance and any effect it will have on the Company’s Consolidated Financial Statements.

Other Insurance Reserves and Policyholder Funds - Information About Incurred and Paid Claims Development, Surety (Details) - Surety [Member] $ in Thousands	Dec. 31, 2025 USD ($) Claim	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 14,839
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	12,753
All outstanding liabilities before 2016, net of reinsurance	47
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance	2,133
Accident Year 2016 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,654	$ 1,660	$ 1,666	$ 1,670	$ 1,678	$ 1,865	$ 1,876	$ 1,865	$ 1,812	$ 3,314
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	50
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 1,654	1,660	1,666	1,670	1,677	1,862	1,873	1,772	1,732	$ 1,054
Accident Year 2017 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	3,398	3,403	3,448	3,440	3,514	3,629	3,799	3,671	4,677
IBNR Reserves	$ 2
Cumulative number of reported claims (in Claim) \| Claim	47
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 3,388	3,394	3,400	3,402	3,442	3,545	3,523	3,255	$ 1,971
Accident Year 2018 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	748	750	750	767	956	1,381	1,938	3,528
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	67
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 748	748	749	760	941	1,361	1,454	$ 1,157
Accident Year 2019 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	424	439	507	513	630	657	2,130
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	64
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 424	439	444	446	568	395	$ 259
Accident Year 2020 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	400	402	460	465	574	2,263
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	32
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 400	400	459	464	460	$ 97
Accident Year 2021 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,524	1,475	1,497	1,455	2,936
IBNR Reserves	$ 7
Cumulative number of reported claims (in Claim) \| Claim	23
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 1,475	1,475	1,496	803	$ 156
Accident Year 2022 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	2,265	2,296	2,339	3,202
IBNR Reserves	$ 19
Cumulative number of reported claims (in Claim) \| Claim	36
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 2,153	2,180	2,191	$ 970
Accident Year 2023 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,581	1,627	2,634
IBNR Reserves	$ 4
Cumulative number of reported claims (in Claim) \| Claim	51
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 1,565	1,602	$ 98
Accident Year 2024 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,074	2,324
IBNR Reserves	$ 159
Cumulative number of reported claims (in Claim) \| Claim	122
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 735	$ 392
Accident Year 2025 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,771
IBNR Reserves	$ 1,413
Cumulative number of reported claims (in Claim) \| Claim	33
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 211

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT - BALANCE SHEETS (Details) - Parent Company [Member] - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT [Abstract]
Cash and cash equivalents	$ 2,196	$ 3,916
Investments	1,909	1,696
Investment in subsidiaries	133,212	122,232
Investments in unconsolidated trusts	1,238	1,238
Deferred tax asset, net	15,044	15,970
Income taxes receivable from subsidiaries	2,839	658
Other assets	10,353	9,874
Total assets	166,791	155,584
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other payables	7,244	7,252
Revolving credit facility	5,021	4,023
Junior subordinated debentures obligations, net	33,738	33,738
Total liabilities	46,003	45,013
Shareholders’ equity	120,788	110,571
Total liabilities and shareholders’ equity	$ 166,791	$ 155,584

Disclosures About Fair Value of Financial Instruments - Carrying Amount, Estimated Fair Value and Level within the Fair Value Hierarchy of Financial Instruments (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Assets:

Cash and cash equivalents

$ 43,636

$ 35,570

Fixed maturity securities

244,111

212,612

Equity securities

12,395

7,900

Liabilities:

Other policy liabilities -annuities

7,573

6,249

$ 5,931

Carrying Amount [Member]

Assets:

Equity securities

^[1]

12,395

7,900

Estimated Fair Value [Member]

Assets:

Equity securities

^[1]

12,395

7,900

Level 1 [Member] | Carrying Amount [Member]

Assets:

Cash and cash equivalents

43,636

35,570

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

Assets:

Cash and cash equivalents

43,636

35,570

Level 2 [Member] | Carrying Amount [Member]

Assets:

Fixed maturity securities

244,111

212,612

Liabilities:

Junior subordinated debentures, net

33,738

Revolving credit facility

5,021

4,023

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

Assets:

Fixed maturity securities

244,111

212,612

Liabilities:

Junior subordinated debentures, net

33,595

35,443

Revolving credit facility

5,021

4,023

Level 3 [Member]

Liabilities:

Other policy liabilities -annuities

4,783

4,938

Level 3 [Member] | Carrying Amount [Member]

Assets:

Policy loans

1,683

1,722

Liabilities:

Other policy liabilities -annuities

^[2]

4,783

4,938

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

Assets:

Policy loans

1,683

1,722

Liabilities:

Other policy liabilities -annuities

^[2]

$ 4,783

$ 4,938

[1]	See the aforementioned information for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.
[2]	This value relates to annuities, which is a financial instrument, whereas the remaining items within other policy liabilities are not financial instruments.

Future Policy Benefits (Details) - USD ($)	12 Months Ended
Future Policy Benefits (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Future Policy Benefits [Abstract]
Remeasurement gain	$ 4,866,000	$ 2,334,000
Net premium ratio cap	100.00%
Medicare Supplement [Member]
Future Policy Benefits [Abstract]
Decrease in assumption claim cost	$ (2,480,000)	(1,467,000)
Remeasurement gain	$ 1,232	$ 225

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Reinsurance - Effects of Reinsurance on Premiums Written, Premiums Earned and Insurance Benefits and Losses Incurred (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Reinsurance [Abstract]

Direct premiums written

$ 232,093

$ 210,306

Assumed premiums written

42,453

27,834

Ceded premiums written

(74,399)

(59,215)

Net premiums written

200,147

178,925

Direct premiums earned

234,140

210,284

Assumed premiums earned

36,401

27,519

Ceded premiums earned

(74,399)

(59,215)

Net premiums earned

196,142

178,588

Provision for benefits and losses incurred

177,294

161,296

Reinsurance loss recoveries

(44,619)

(39,552)

Total insurance benefits and losses incurred

^[1]

132,675

^[2]

121,744

^[3]

Net of LFPB remeasurement gain

4,866

2,334

American Southern [Member]

Reinsurance [Abstract]

Direct premiums written

54,146

45,837

Assumed premiums written

42,453

27,834

Ceded premiums written

(6,165)

(5,979)

Net premiums written

90,434

67,692

Direct premiums earned

54,268

46,149

Assumed premiums earned

36,401

27,519

Ceded premiums earned

(6,165)

(5,979)

Net premiums earned

84,504

67,689

Provision for benefits and losses incurred

69,390

58,024

Reinsurance loss recoveries

(4,136)

(2,257)

Total insurance benefits and losses incurred

65,254

55,767

Bankers Fidelity [Member]

Reinsurance [Abstract]

Direct premiums written

177,947

164,469

Assumed premiums written

Ceded premiums written

(68,234)

(53,236)

Net premiums written

109,713

111,233

Direct premiums earned

179,872

164,135

Assumed premiums earned

Ceded premiums earned

(68,234)

(53,236)

Net premiums earned

111,638

110,899

Provision for benefits and losses incurred

107,904

103,272

Reinsurance loss recoveries

(40,483)

(37,295)

Total insurance benefits and losses incurred

$ 67,421

$ 65,977

[1]	This line is net of LFPB remeasurement gain of $4,866 and $2,334 for 2025 and 2024, respectively.
[2]	This line is net of LFPB remeasurement gain of $4,866 for 2025.
[3]	This line is net of LFPB remeasurement gain of $2,334 for 2024.

Other Insurance Reserves and Policyholder Funds (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
Other Insurance Reserves and Policyholder Funds [Abstract]
Duration required for loss data to develop the estimated ultimate incurred claims	36 months
Minimum [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Property and casualty claim threshold amount required for review	$ 25,000

Preferred Stock (Details) - Series D Preferred Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Preferred Stock [Abstract]
Preferred Stock, outstanding (in Shares)	55,000	55,000
Preferred stock, par value (in Dollars per share)	$ 1	$ 1
Preferred stock, redemption 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	1,378,000
Maximum number of common stock issuable from conversion of preference shares, without obtaining prior shareholder approval (in Shares)	2,703,000	2,703,000
Dividends accrued but unpaid	$ 18	$ 18
Dividends paid on preferred stock	$ 399	$ 399

Earnings (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings (Loss) Per Common Share [Abstract]

Reconciliation of Numerator and Denominator of Income (Loss) per Common Share Calculations

A reconciliation of the numerator and denominator of the income (loss) per common share calculations is as follows:

For the Year Ended December 31, 2025

	Income			Weighted Average Shares Outstanding (in thousands)			Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	6,017			20,398
Less preferred stock dividends		(399	)		-
Net income applicable to common shareholders	$	5,618			20,398	$	0.28

	For the Year Ended December 31, 2024 (Restated)
		Loss			Weighted Average Shares Outstanding (in thousands)			Per Share Amount
Basic and Diluted Loss Per Common Share
Net loss before preferred stock dividends		$	(1,393	)		20,400
Less preferred stock dividends			(399	)		-
Net loss applicable to common shareholders		$	(1,792	)		20,400	$	(0.09	)

Future Policy Benefits

12 Months Ended

Dec. 31, 2025

Future Policy Benefits [Abstract]

Future Policy Benefits

Note 7. Future Policy Benefits

The LFPB represents the present value of expected future policy benefits and claim‑related expenses, less the present value of expected future net premiums. Net premiums represent the portion of gross premiums required to fund expected benefits based on current assumptions.

The following table sets forth the liability for future policy benefits as of December 31, 2025 and 2024:

	2025			2024
(Dollar amounts in thousands)				(Restated)
Individual life	$	42,411		$	43,477
Group life		11,254			5,483
Medicare Supplement		9,617			8,478
Other individual health		21,437			19,443
Net liability for future policy benefits		84,719			76,881
Less: reinsurance recoverable		(5,309	)		(5,217	)
Net liability for future policy benefits, net of reinsurance recoverable	$	79,410		$	71,664

Changes in Future Liability Policy Benefits

One component of the change in the LFPB is the change attributable to changes in cash flow assumptions. The LFPB is calculated based on assumptions that are evaluated at least annually. These assumptions include mortality and voluntary policyholder lapses for individual life and group life, and total policy terminations and claim costs for Medicare Supplement products and other individual health products.

The Company performed experience studies based on cutoff dates of December 31, 2024 and December 31, 2025 to determine the assumptions for the calculation of the LFPB as of the respective valuation dates. Based on these studies, the Company updated mortality and voluntary lapse assumptions for individual and group life products and claim cost assumptions for Medicare Supplement products. The updated assumptions did not significantly affect LFPB for the life products. Changes in Medicare Supplement claim cost assumptions reduced LFPB by approximately $1,467 and $2,480 as of December 31, 2024 and December 31, 2025, respectively, primarily due to lower projected claim costs during the first three policy years. The remainder of the remeasurement gain of $225 and $1,232 in 2024 and 2025, respectively, were attributable to the differences between actual and expected cash flows. No portion of the LFPB remeasurement gain for 2024 or 2025 resulted from the application of the 100% net premium ratio cap.

The following table presents the balances of and changes in the liability for future policy benefits as of and for the year ended December 31, 2025:

	2025
(Dollar amounts in thousands)	Individual Life			Group Life			Medicare Supplement			Other Individual Health			Total
Present value of expected net premiums:
Beginning balance as of January 1	$	18,698		$	60,665		$	749,267		$	28,888		$	857,518
Beginning balance, at original discount rate		19,313			67,017			835,891			31,290			953,511
Effect of changes in cash flow assumptions		15			(2,046	)		(17,467	)		-			(19,498	)
Effect of actual variances from expected experience		(35	)		(9,613	)		18,362			(1,692	)		7,022
Adjusted beginning balance		19,293			55,358			836,786			29,598			941,035
Issuances		785			15,092			313,351			8,407			337,635
Interest accretion		919			2,926			34,958			1,259			40,062
Net premiums collected⁽¹⁾		(2,697	)		(6,641	)		(97,008	)		(5,067	)		(111,413	)
Other		(1	)		-			-			(10	)		(11	)
Ending balance, at original discount rate		18,299			66,735			1,088,087			34,187			1,207,308
Effect of changes in discount rate assumptions		(229	)		(3,977	)		(60,414	)		(1,364	)		(65,984	)
Ending balance as of December 31,	$	18,070		$	62,758		$	1,027,673		$	32,823		$	1,141,324

Present value of expected future policy benefits:
Beginning balance as of January 1	$	62,175		$	66,148		$	757,649		$	48,331			934,303
Beginning balance, at original discount rate		63,964			84,798			842,118			55,055			1,045,935
Effect of changes in cash flow assumptions		21			(2,138	)		(19,947	)		(2	)		(22,066	)
Effect of actual variances from expected experience		171			(9,834	)		17,130			(2,743	)		4,724
Adjusted beginning balance		64,156			72,826			839,301			52,310			1,028,593
Issuances		784			15,101			313,018			8,300			337,203
Interest accretion		3,167			3,843			36,102			2,175			45,287
Benefit payments		(6,558	)		(2,003	)		(88,477	)		(2,520	)		(99,558	)
Other		(436	)		(195	)		(2,875	)		(1,028	)		(4,534	)
Ending balance, at original discount rate		61,113			89,572			1,097,069			59,237			1,306,991
Effect of changes in discount rate assumptions		(632	)		(15,560	)		(60,367	)		(4,977	)		(81,536	)
Ending balance as of December 31,	$	60,481		$	74,012		$	1,036,702		$	54,260		$	1,225,455
Net liability for future policy benefits, before flooring adjustments		42,411			11,254			9,029			21,437			84,131
Flooring adjustments⁽²⁾		-			-			588			-			588
Net liability for future policy benefits		42,411			11,254			9,617			21,437			84,719
Less: reinsurance recoverable		(47	)		-			(5,262	)		-			(5,309	)
Net liability for future policy benefits, net of reinsurance recoverable	$	42,364		$	11,254		$	4,355		$	21,437		$	79,410
Weighted average liability duration (years)		8.7			16.2			6.5			7.9

⁽¹⁾	Net premiums represent the portion of gross premiums collected from policyholders that is necessary to fund expected benefit payments.

⁽²⁾

Flooring adjustments are necessary when the present value of future net premiums exceeds the present value of future benefits for a given cohort. The flooring adjustment is the total of the flooring adjustments for each cohort, if any. These adjustments ensure that the liability for future policy benefits is at least zero for all cohorts.

The following table presents the balances of and changes in the liability for future policy benefits as of and for the year ended December 31, 2024.

	2024
	(Restated)
(Dollar amounts in thousands)	Individual Life			Group Life			Medicare Supplement			Other Individual Health			Total
Present value of expected net premiums:
Beginning balance as of January 1	$	19,626		$	52,337		$	769,715		$	26,734		$	868,412
Beginning balance, at original discount rate		19,429			56,900			838,249			29,115			943,693
Effect of changes in cash flow assumptions		(2	)		(1,729	)		(17,867	)		-			(19,598	)
Effect of actual variances from expected experience		744			(5,838	)		21,955			(3,094	)		13,767
Adjusted beginning balance		20,171			49,333			842,337			26,021			937,862
Issuances		883			21,609			50,374			8,589			81,455
Interest accretion		947			2,762			28,816			1,096			33,621
Net premiums collected⁽¹⁾		(2,688	)		(6,688	)		(85,637	)		(4,420	)		(99,433	)
Other		-			1			1			4			6
Ending balance, at original discount rate		19,313			67,017			835,891			31,290			953,511
Effect of changes in discount rate assumptions		(615	)		(6,352	)		(86,624	)		(2,402	)		(95,993	)
Ending balance as of December 31,	$	18,698		$	60,665		$	749,267		$	28,888		$	857,518

Present value of expected future policy benefits:
Beginning balance as of January 1	$	67,902		$	56,767		$	784,912		$	45,549			955,130
Beginning balance, at original discount rate		66,232			69,013			851,128			50,884			1,037,257
Effect of changes in cash flow assumptions		(3	)		(1,749	)		(19,334	)		-			(21,086	)
Effect of actual variances from expected experience		941			(5,886	)		21,730			(4,024	)		12,761
Adjusted beginning balance		67,170			61,378			853,524			46,860			1,028,932
Issuances		885			21,609			50,327			8,662			81,483
Interest accretion		3,304			3,388			29,975			1,913			38,580
Benefit payments		(6,592	)		(1,322	)		(90,961	)		(2,200	)		(101,075	)
Other		(803	)		(255	)		(747	)		(180	)		(1,985	)
Ending balance, at original discount rate		63,964			84,798			842,118			55,055			1,045,935
Effect of changes in discount rate assumptions		(1,789	)		(18,650	)		(84,469	)		(6,724	)		(111,632	)
Ending balance as of December 31,	$	62,175		$	66,148		$	757,649		$	48,331		$	934,303
Net liability for future policy benefits, before flooring adjustments		43,477			5,483			8,382			19,443			76,785
Flooring adjustments⁽²⁾		-			-			96			-			96
Net liability for future policy benefits		43,477			5,483			8,478			19,443			76,881
Less: reinsurance recoverable		(56	)		-			(5,161	)		-			(5,217	)
Net liability for future policy benefits, net of reinsurance recoverable	$	43,421		$	5,483		$	3,317		$	19,443		$	71,664
Weighted average liability duration (years)		8.4			17.2			6.2			8.2

⁽¹⁾	Net premiums represent the portion of gross premiums collected from policyholders that is necessary to fund expected benefit payments

⁽²⁾

Weighted Average Interest Rates

The following table presents the balances of and changes in the liability for future policy benefits as of and for the years ended December 31, 2025 and 2024.

	Year Ended December 31, 2025		Year Ended December 31, 2024
Individual Life
Interest accretion (locked-in) rate	4.9	%	4.5	%
Current discount rate	5.3	%	5.5	%
Group Life
Interest accretion (locked-in) rate	5.0	%	4.6	%
Current discount rate	5.9	%	5.9	%
Medicare Supplement
Interest accretion (locked-in) rate	4.8	%	3.6	%
Current discount rate	6.4	%	6.0	%
Other Individual Health
Interest accretion (locked-in) rate	4.0	%	3.8	%
Current discount rate	5.5	%	5.7	%

Discounted Future Gross Premium

The following table sets forth the amount of undiscounted and discounted expected future gross premiums and expected future benefit payments as December 31, 2025 and 2024.

	2025				2024
(Dollar amounts in thousands)	Undiscounted		Discounted		Undiscounted		Discounted

Individual life
Expected future gross premiums	$	61,771	$	37,820	$	67,906	$	40,068
Expected future benefits payments		115,435		60,481		121,624		62,175
Group Life
Expected future gross premiums		214,892		127,261		202,437		116,517
Expected future benefits payments		237,776		74,012		222,729		66,148
Medicare Supplement
Expected future gross premiums		2,264,574		1,515,989		1,642,269		1,104,499
Expected future benefits payments		1,528,633		1,036,702		1,112,219		757,649
Other Individual Health
Expected future gross premiums		76,730		55,173		66,512		45,630
Expected future benefits payments		84,052		54,260		77,814		48,331

Revenue Interest Accretion

The following table sets forth the amount of revenue and interest accretion (expense) recognized in net income related to our liability for future policy benefits for the years ended December 31, 2025 and 2024.

	2025				2024
(Dollar amounts in thousands)	Gross Premiums		Interest Accretion⁽¹⁾		Gross Premiums		Interest Accretion⁽¹⁾

Individual life	$	5,782	$	2,248	$	5,947	$	2,357
Group Life		13,468		918		12,834		626
Medicare Supplement		144,644		1,144		126,726		1,159
Other Individual Health		9,199		916		8,042		816
	$	173,093	$	5,226	$	153,549	$	4,958

⁽¹⁾	Amounts for interest accretion are included in benefits and other changes in policy reserves in the consolidated statement of operations.

Segment Information

12 Months Ended

Dec. 31, 2025

Segment Information [Abstract]

Segment Information

Note 18. 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. The Company’s strategy is to focus on well-defined geographic, demographic and/or product niches within the insurance marketplace. Substantially all revenue other than that in the corporate and other segment is from external sources.

Our Chief Operating Decision Maker (“CODM”) is the Company’s Chairman, President and Chief Executive Officer. The segment’s most significant expenses include insurance benefits and losses incurred and other expenses, such as commissions and underwriting. Interest expense at the segment level is insignificant. To assess proﬁtability on a reportable segment basis, the CODM reviews income (loss) before income taxes.

	For the Year Ended December 31, 2025
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums, net	$	84,504		$	111,638		$	-		$	-		$	196,142
Insurance benefits and losses incurred		65,254			72,287			-			-			137,541
Future policy benefit remeasurement gain		-			(4,866	)		-			-			(4,866	)
Expenses deferred		(9,634	)		(10,298	)		-			-			(19,932	)
Amortization and depreciation expense		10,108			3,058			89			-			13,255
Other expenses		18,032			48,644			22,961			(12,916	)		76,721
Total expenses		83,760			108,825			23,050			(12,916	)		202,719
Underwriting income (loss)		744			2,813			-			-			3,557
Net investment income (loss)		4,357			5,818			3,314			(3,223	)		10,266
Other income (loss)		7			3			9,695			(9,693	)		12
Subtotal		5,108			8,634			(10,041	)		-			3,701
Net realized gains (losses)		(475	)		4			-			-			(471	)
Unrealized gains on equity securities		85			4,238			168			-			4,491
Income (loss) before income taxes	$	4,718		$	12,876		$	(9,873	)	$	-		$	7,721
Total revenues	$	88,478		$	121,701		$	13,177		$	(12,916	)	$	210,440
Intangibles	$	1,350		$	1,194		$	-		$	-		$	2,544
Total assets	$	173,673		$	229,001		$	164,475		$	(133,212	)	$	433,937

	For the Year Ended December 31, 2024 (Restated)
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums, net	$	67,689		$	110,899		$	-		$	-		$	178,588
Insurance benefits and losses incurred		55,767			68,311			-			-			124,078
Future policy benefit remeasurement gain		-			(2,334	)		-			-			(2,334	)
Expenses deferred		(8,498	)		(10,741	)		-			-			(19,239	)
Amortization and depreciation expense		8,390			7,571			1			-			15,962
Other expenses		15,673			45,351			23,357			(13,141	)		71,240
Total expenses		71,332			108,158			23,358			(13,141	)		189,707
Underwriting income (loss)		(3,643	)		2,741			-			-			(902	)
Net investment income (loss)		4,151			5,544			3,705			(3,609	)		9,791
Other income (loss)		5			5			9,531			(9,532	)		9
Subtotal		513			8,290			(10,122	)		-			(1,319	)
Net realized gains		666			544			-			-			1,210
Unrealized losses on equity securities		(291	)		(1,039	)		(186	)		-			(1,516	)
Income (loss) before income taxes	$	888		$	7,795		$	(10,308	)	$	-		$	(1,625	)
Total revenues	$	72,220		$	115,953		$	13,050		$	(13,141	)	$	188,082
Intangibles	$	1,350		$	1,194		$	-		$	-		$	2,544
Total assets	$	147,214		$	202,751		$	156,964		$	(124,890	)	$	382,039

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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+ Details

Schedule IV REINSURANCE INFORMATION

12 Months Ended

Dec. 31, 2025

Schedule IV REINSURANCE INFORMATION [Abstract]

Schedule IV REINSURANCE INFORMATION

Schedule IV

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES

REINSURANCE INFORMATION

	Direct Amount		Ceded To Other Companies			Assumed From Other Companies		Net Amounts		Percentage of Amount Assumed To Net
	(In thousands)
Year Ended December 31, 2025:
Life insurance in force	$	1,040,286	$	(5,727	)	$	-	$	1,034,559

Premiums
Bankers Fidelity	$	179,872	$	(68,234	)	$	-	$	111,638		0.0	%
American Southern		54,268		(6,165	)		36,401		84,504		43.1	%
Total premiums	$	234,140	$	(74,399	)	$	36,401	$	196,142		18.7	%

Year Ended December 31, 2024 (Restated):
Life insurance in force	$	982,997	$	(7,245	)	$	-	$	975,752

Premiums
Bankers Fidelity	$	164,135	$	(53,236	)	$	-	$	110,899		0.0	%
American Southern		46,149		(5,979	)		27,519		67,689		40.7	%
Total premiums	$	210,284	$	(59,215	)	$	27,519	$	178,588		15.4	%

Other Insurance Reserves and Policyholder Funds (Tables)

12 Months Ended

Dec. 31, 2025

Other Insurance Reserves and Policyholder Funds [Abstract]

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:

	2025			2024
Balance at January 1	$	93,707		$	87,478
Less: Reinsurance recoverable on unpaid losses		(17,390	)		(14,678	)
Net balance at January 1		76,317			72,800

Incurred related to:
Current year		123,043			112,393
Prior years		1,076	⁽¹⁾		5,708	⁽²⁾
Total incurred		124,119			118,101

Paid related to:
Current year		64,115			64,300
Prior years		41,783			50,284
Total paid		105,898			114,584
Net balance at December 31		94,538			76,317
Plus: Reinsurance recoverable on unpaid losses		19,298			17,390
Balance at December 31	$	113,836		$	93,707

(1) Prior years’ development was primarily the result of unfavorable development in the property and casualty operations predominately in the automobile liability line of business due to reserve strengthening, partially offset by favorable development in the Medicare Supplement line of business in the life and health segment.

(2) Prior years’ development was primarily the result of unfavorable development in the property and casualty operations in the automobile liability line of business due to frequency and severity in the inflationary factors, as well as unfavorable development in the 2021 and 2022 accident years.

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:

	2025		2024
			(Restated)
Total incurred losses	$	124,119	$	118,101
Cash surrender value and matured endowments		2,001		1,340
Benefit reserve changes		6,555		2,303
Total insurance benefits and losses incurred⁽¹⁾	$	132,675	$	121,744

(1) This line is net of LFPB remeasurement gain of $4,866 and $2,334 for 2025 and 2024, respectively.

Supplementary Information about Average Historical Claims Duration

The following is supplementary information about average historical claims duration as of December 31, 2025.

	Average Annual Percentage Payout of Incurred Claims by Age, Net of Subrogation and 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		80.5	%		18.1	%		0.3	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Automobile liability		24.6	%		29.4	%		17.6	%		14.2	%		8.5	%		3.8	%		2.5	%		0.6	%		0.0	%		0.0	%
Automobile physical damage		80.3	%		16.9	%		0.0	%		0.4	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
General liability		18.1	%		23.6	%		24.4	%		16.9	%		12.9	%		3.3	%		4.1	%		0.0	%		0.0	%		0.0	%
Surety		46.9	%		51.6	%		10.3	%		-11.7	%		-7.2	%		-3.0	%		-1.0	%		-0.1	%		-0.3	%		-0.4	%

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:


Net outstanding liabilities:	December 31, 2025
Medicare Supplement	$	12,584
Automobile liability		63,204
Automobile physical damage		2,843
General liability		3,507
Surety		2,133
Other short-duration insurance lines⁽¹⁾		2,561
Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance		86,832

Reinsurance recoverable on unpaid losses:
Medicare Supplement		11,583
Automobile liability		4,842
Automobile physical damage		209
General liability		2,664
Other short-duration insurance lines		5,054
Total reinsurance recoverable on unpaid losses		24,352

Unallocated claims adjustment expenses		2,652

Total gross liability for unpaid losses, claims and loss adjustment expenses	$	113,836

(1) For American Southern, other short duration insurance lines are inland marine cargo policies. For Bankers Fidelity, other short duration insurance lines for which the detailed claim development is not shown are group accident and health products, which collectively have a claim liability of $705. These products are group critical illness, group disability income, group hospital indemnity, and group accident and medical expense. There are no reinsurance arrangements for any of these Bankers Fidelity products.

Medicare Supplement [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Information About Incurred and Paid Claims Development

The following is information, by significant product lines, about incurred and paid claims development as of December 31, 2025, 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 presented for the years ended December 31, 2024 and prior is presented as supplementary information and is unaudited.

																					As of December 31, 2025
	For the Years Ended December 31,																				IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of
	Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	58,849	$	59,851	$	63,226	$	63,225	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221	$	-		1,879
2017				67,960		69,655		69,643		69,635		69,633		69,633		69,632		69,633		69,633		-		2,929
2018						79,140		80,404		80,361		80,357		80,351		80,348		80,348		80,348		-		4,106
2019								88,765		87,028		86,988		86,986		86,980		86,978		86,978		-		4,494
2020										75,857		75,715		75,730		75,730		75,708		75,709		-		3,706
2021												65,267		61,579		61,785		61,740		61,727		-		3,543
2022														58,777		56,047		55,970		55,911		11		4,214
2023																48,367		47,029		47,098		66		4,320
2024																		43,708		39,863		474		3,797
2025																				41,383		12,033		2,014
																			$	621,871

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	49,165	$	59,747	$	63,226	$	63,225	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221
2017				57,696		69,517		69,643		69,635		69,633		69,633		69,633		69,633		69,633
2018						66,565		80,222		80,361		80,355		80,351		80,348		80,348		80,348
2019								72,333		86,856		86,978		86,985		86,980		86,978		86,978
2020										63,129		75,527		75,710		75,715		75,708		75,709
2021												50,197		61,350		61,733		61,726		61,727
2022														46,111		55,808		55,920		55,900
2023																36,388		46,795		47,032
2024																		31,500		39,389
2025																				29,350
																			$	609,287
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	12,584

Automobile Liability [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Information About Incurred and Paid Claims Development

Automobile Liability

																					As of December 31, 2025
	For the Years Ended December 31,																				IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	20,549	$	21,275	$	21,846	$	22,388	$	22,245	$	22,310	$	22,448	$	22,448	$	22,448	$	22,448				3,863
2017				22,179		24,212		23,766		25,180		26,009		26,153		26,231		26,254		26,255	$	1		3,813
2018						24,284		25,682		27,338		30,013		30,464		31,135		31,170		31,154		16		3,651
2019								25,241		24,045		25,724		28,042		28,513		29,216		29,384		59		3,608
2020										22,416		16,442		20,137		21,164		21,459		21,066		84		2,523
2021												25,887		21,172		24,957		27,041		26,866		215		2,794
2022														28,860		27,293		31,633		33,348		1,379		2,933
2023																33,266		33,626		39,468		3,408		2,986
2024																		34,105		31,049		3,955		2,808
2025																				42,314		22,340		2,371
																				303,352

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	6,796	$	13,141	$	16,397	$	19,613	$	21,408	$	21,809	$	22,448	$	22,448	$	22,448	$	22,448
2017				7,401		16,317		20,221		22,778		25,023		25,712		26,222		26,249		26,249
2018						6,989		15,647		21,121		24,662		27,671		29,201		30,507		31,057
2019								7,305		14,694		19,384		22,868		26,126		28,778		29,025
2020										5,172		9,941		14,693		18,133		20,466		20,553
2021												6,242		13,918		19,230		24,798		25,552
2022														7,023		18,010		24,137		29,123
2023																9,068		22,232		29,019
2024																		8,939		18,929
2025																				8,193
																			$	240,148
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	63,204

Automobile Physical Damage [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Information About Incurred and Paid Claims Development

Automobile Physical Damage

											As of December 31, 2025
	For the Years Ended December 31,										IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance

Accident Year		2021		2022		2023		2024		2025
2021	$	14,296	$	13,385	$	13,305	$	13,329	$	13,323	$	1		1,914
2022				10,962		10,648		10,564		10,574		-		1,777
2023						6,460		6,485		6,301		3		1,599
2024								7,418		8,029		12		1,679
2025										9,707		247		1,538
										47,934

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2021		2022		2023		2024		2025
2021	$	11,993	$	13,277	$	13,257	$	13,302	$	13,315
2022				8,475		10,368		10,528		10,573
2023						5,397		6,340		6,263
2024								5,864		7,885
2025										7,055
									$	45,091
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance									$	2,843

General Liability [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Information About Incurred and Paid Claims Development

General Liability

																					As of December 31, 2025
	For the Years Ended December 31,																				IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance

Accident Year		2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	3,119	$	1,148	$	736	$	608	$	621	$	619	$	620	$	620	$	620	$	620				94
2017				1,490		488		513		738		738		839		777		777		777				84
2018						1,656		333		198		128		183		183		193		185				77
2019								1,916		707		455		515		909		516		547	$	12		98
2020										2,223		670		657		363		793		687		13		91
2021												2,567		1,329		1,328		1,267		1,377		9		106
2022														2,770		2,380		2,530		2,447		103		143
2023																2,887		1,445		1,015		70		126
2024																		3,139		1,836		405		120
2025																				2,111		1,271		70
																				11,602

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	116	$	203	$	568	$	608	$	617	$	619	$	620	$	620	$	620	$	620
2017				75		136		365		556		696		741		777		777		777
2018						65		90		115		128		183		183		185		185
2019								41		209		242		354		404		433		491
2020										208		385		462		539		593		629
2021												364		646		813		1,178		1,336
2022														402		1,169		1,622		2,156
2023																125		399		857
2024																		239		1,002
2025																				247
																			$	8,300
All outstanding liabilities before 2016, net of reinsurance																				205
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	3,507

Surety [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Information About Incurred and Paid Claims Development

Surety

																					As of December 31, 2025
	For the Years Ended December 31,																				As of December 31, 2025
																					IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance

Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	3,314	$	1,812	$	1,865	$	1,876	$	1,865	$	1,678	$	1,670	$	1,666	$	1,660	$	1,654	$	-	$	50
2017				4,677		3,671		3,799		3,629		3,514		3,440		3,448		3,403		3,398		2		47
2018						3,528		1,938		1,381		956		767		750		750		748		-		67
2019								2,130		657		630		513		507		439		424		-		64
2020										2,263		574		465		460		402		400		-		32
2021												2,936		1,455		1,497		1,475		1,524		7		23
2022														3,202		2,339		2,296		2,265		19		36
2023																2,634		1,627		1,581		4		51
2024																		2,324		1,074		159		122
2025																				1,771		1,413		33
																			$	14,839

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	1,054	$	1,732	$	1,772	$	1,873	$	1,862	$	1,677	$	1,670	$	1,666	$	1,660	$	1,654
2017				1,971		3,255		3,523		3,545		3,442		3,402		3,400		3,394		3,388
2018						1,157		1,454		1,361		941		760		749		748		748
2019								259		395		568		446		444		439		424
2020										97		460		464		459		400		400
2021												156		803		1,496		1,475		1,475
2022														970		2,191		2,180		2,153
2023																98		1,602		1,565
2024																		392		735
2025																				211
																			$	12,753
All outstanding liabilities before 2016, net of reinsurance																				47
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	2,133

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Management and Strategy The Company’s operations rely on the secure processing, storage, and transmission of confidential and personal identifiable information within various technology platforms. Cybersecurity is a high priority and the Company has made significant investments in its processes and programs designed to prevent, detect, and respond to and recover from cybersecurity threats. We also have processes in place to help ensure compliance with our information security program with respect to our use of third-party service providers, including review of vendor certifications, execution of appropriate data protection agreements, and contractual security requirements. The Company is actively maturing its third-party risk management program to establish risk-based vendor tiering, due diligence standards, and ongoing monitoring controls for vendors. The Company’s cybersecurity program is structured around the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework (“CSF”), which guides our approach to identifying, protecting, detecting, responding to, and recovering from cybersecurity risks. The Company maintains an active cybersecurity roadmap aligned to NIST CSF to continuously mature its security posture and address identified risks. Such processes and programs are a part of the Company’s overall risk management and compliance programs. The Company continues to enhance its intrusion protection and detection technology, infrastructure and application firewalls, and network monitoring. The Company has also installed advanced endpoint threat protection technology and implemented a mandatory security awareness training program for all employees. The Company enforces multi-factor authentication and least-privilege access principles across critical systems. The Company has identified its current network architecture as an area of elevated risk and is actively executing a cybersecurity roadmap, aligned to the NIST CSF, to transition to a segmented, enterprise-grade network infrastructure. This initiative includes the replacement of end-of-life network equipment and the implementation of network segmentation controls to reduce lateral movement risk. This training is reinforced through periodic simulated phishing tests to assess our employees’ responses to suspicious emails. The Company maintains backup and recovery capabilities designed to help enable us to resume business in the event of a disaster or cybersecurity incident. The Company has identified resilience and recovery as a key area of focus within its cybersecurity roadmap and is actively working toward implementing cloud-enabled Business Continuity and Disaster Recovery (“BCDR”) with validated, tested recovery objectives designed to meet applicable BCDR compliance requirements. Through recurring internal audits, controls are regularly reviewed, tested, and enhanced to promote best practices. The Company recognizes ransomware and software supply chain compromises as significant threat vectors and is implementing controls including vendor integrity validation, and rapid isolation protocols as part of its evolving incident response capabilities. The Company has augmented our information security program through a partnership with a leading global cybersecurity service provider to review and implement additional services such as Security Event Monitoring, Advanced Endpoint Threat Detection, Incident Management Retainer Services, and Strategic Advisory Services focused on Chief Information Officer (“CIO”) duties such as counter-threat intelligence. Our information security program also includes a cybersecurity Incident Response Plan (“IRP”) that is designed to help protect the integrity, availability and confidentiality of information, prevent loss of service, and comply with legal requirements. The IRP specifies the process for identifying and reporting an incident, initial investigation, risk classification, documentation and communication of incidents, responder procedures, incident reporting, and ongoing training. The IRP also includes processes for determining the materiality of the incident, including the assessment of relevant qualitative and quantitative factors. Upon identifying a potential cybersecurity incident, the Company follows a structured assessment process to determine materiality and, where applicable, fulfill its obligation to disclose such incident in accordance with SEC rules. In the event we identify a potential cybersecurity, privacy or other data security issue, we have defined procedures for responding to such issues, including procedures that address when and how to engage with Company management, our board of directors, third-party advisors and other stakeholders. The Company also maintains dedicated cyber liability insurance for breach event costs including: post breach event remediation costs; cybercrime coverage (including financial fraud, telecommunications fraud, and phishing attacks); and coverage for system failure, bricking loss, and physical damage. The policy also provides coverage for lost revenue due to a damaged reputation from a cyber breach. While no cybersecurity incidents have materially affected or are reasonably likely to materially affect our operations to date, there can be no assurance that future incidents will not have a material impact on the Company’s business, financial condition, or results of operations.
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company maintains backup and recovery capabilities designed to help enable us to resume business in the event of a disaster or cybersecurity incident. The Company has identified resilience and recovery as a key area of focus within its cybersecurity roadmap and is actively working toward implementing cloud-enabled Business Continuity and Disaster Recovery (“BCDR”) with validated, tested recovery objectives designed to meet applicable BCDR compliance requirements. Through recurring internal audits, controls are regularly reviewed, tested, and enhanced to promote best practices. The Company recognizes ransomware and software supply chain compromises as significant threat vectors and is implementing controls including vendor integrity validation, and rapid isolation protocols as part of its evolving incident response capabilities. The Company has augmented our information security program through a partnership with a leading global cybersecurity service provider to review and implement additional services such as Security Event Monitoring, Advanced Endpoint Threat Detection, Incident Management Retainer Services, and Strategic Advisory Services focused on Chief Information Officer (“CIO”) duties such as counter-threat intelligence. Our information security program also includes a cybersecurity Incident Response Plan (“IRP”) that is designed to help protect the integrity, availability and confidentiality of information, prevent loss of service, and comply with legal requirements. The IRP specifies the process for identifying and reporting an incident, initial investigation, risk classification, documentation and communication of incidents, responder procedures, incident reporting, and ongoing training. The IRP also includes processes for determining the materiality of the incident, including the assessment of relevant qualitative and quantitative factors. Upon identifying a potential cybersecurity incident, the Company follows a structured assessment process to determine materiality and, where applicable, fulfill its obligation to disclose such incident in accordance with SEC rules. In the event we identify a potential cybersecurity, privacy or other data security issue, we have defined procedures for responding to such issues, including procedures that address when and how to engage with Company management, our board of directors, third-party advisors and other stakeholders. The Company also maintains dedicated cyber liability insurance for breach event costs including: post breach event remediation costs; cybercrime coverage (including financial fraud, telecommunications fraud, and phishing attacks); and coverage for system failure, bricking loss, and physical damage. The policy also provides coverage for lost revenue due to a damaged reputation from a cyber breach.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our information security program also includes a cybersecurity Incident Response Plan (“IRP”) that is designed to help protect the integrity, availability and confidentiality of information, prevent loss of service, and comply with legal requirements. The IRP specifies the process for identifying and reporting an incident, initial investigation, risk classification, documentation and communication of incidents, responder procedures, incident reporting, and ongoing training. The IRP also includes processes for determining the materiality of the incident, including the assessment of relevant qualitative and quantitative factors. Upon identifying a potential cybersecurity incident, the Company follows a structured assessment process to determine materiality and, where applicable, fulfill its obligation to disclose such incident in accordance with SEC rules. In the event we identify a potential cybersecurity, privacy or other data security issue, we have defined procedures for responding to such issues, including procedures that address when and how to engage with Company management, our board of directors, third-party advisors and other stakeholders.
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	While no cybersecurity incidents have materially affected or are reasonably likely to materially affect our operations to date, there can be no assurance that future incidents will not have a material impact on the Company’s business, financial condition, or results of operations.
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our board of directors recognizes the important role of information security and mitigating cybersecurity and other data security threats. Although our full board of directors maintains ultimate responsibility with respect to risk management oversight, our board of directors has delegated oversight of the Company’s information security program and matters of cybersecurity to the Audit Committee of the board of directors. The Audit Committee receives regular briefings from the CIO on the state of the cybersecurity program, emerging threats, and the Company’s risk mitigation progress against its cybersecurity roadmap. The Company’s senior officers, including its CIO, are responsible for the operation of the information security program and regularly communicate with the Audit Committee on the state of the program, risks faced by the Company and the Company’s risk mitigation efforts related thereto. The Company’s CIO, supported by a dedicated information security team, is responsible for the day-to-day management of the information security program and regularly briefs the Audit Committee on cybersecurity risks, program status, and risk mitigation efforts. In addition, the Company’s information technology environment is managed by an experienced team of professionals who follow an extensive set of policies and procedures related to data security. Our data security employees have backgrounds in cybersecurity and data protection, including prior relevant experience in the industry and industry standard certifications.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Although our full board of directors maintains ultimate responsibility with respect to risk management oversight, our board of directors has delegated oversight of the Company’s information security program and matters of cybersecurity to the Audit Committee of the board of directors.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company’s senior officers, including its CIO, are responsible for the operation of the information security program and regularly communicate with the Audit Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company’s senior officers, including its CIO, are responsible for the operation of the information security program and regularly communicate with the Audit Committee on the state of the program, risks faced by the Company and the Company’s risk mitigation efforts related thereto.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	In addition, the Company’s information technology environment is managed by an experienced team of professionals who follow an extensive set of policies and procedures related to data security. Our data security employees have backgrounds in cybersecurity and data protection, including prior relevant experience in the industry and industry standard certifications.

Allowance for Expected Credit Losses (Tables)

12 Months Ended

Dec. 31, 2025

Allowance for Expected Credit Losses [Abstract]

Reinsurance Recoverables

The following table presents the balances of reinsurance recoverables, net of the allowance for expected credit losses, at December 31, 2025 and 2024, and the changes in the allowance for expected credit losses for the years ended December 31, 2025 and 2024:

	At and year ended December 31, 2025
	Reinsurance Recoverables, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	22,881	$	73
Current period change for estimated uncollectible reinsurance				(15	)
Write-offs of uncollectible reinsurance recoverables				-
Balance, end of period	$	25,539	$	58

	At and year ended December 31, 2024 (Restated)
	Reinsurance Recoverables, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	23,953	$	61
Current period change for estimated uncollectible reinsurance				12
Write-offs of uncollectible reinsurance recoverables				-
Balance, end of period	$	22,881	$	73

Insurance Premium and Other Receivables

The following table presents the balances of insurance premiums and other, net of the allowance for expected credit losses, at December 31, 2025 and 2024, and the changes in the allowance for expected credit losses for the years ended December 31, 2025 and 2024:

	At and year ended December 31, 2025
	Insurance Premiums and Other, Net of Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	21,878	$	201
Current period change for expected credit losses				(12	)
Write-offs of uncollectible insurance premiums and other receivables				-
Balance, end of period	$	26,956	$	189

	At and year ended December 31, 2024 (restated)
	Insurance Premiums and Other, Net of Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	23,690	$	217
Current period change for expected credit losses				(16	)
Write-offs of uncollectible insurance premiums and other receivables				-
Balance, end of period	$	21,878	$	201

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies [Abstract]

Previously Reported Financial Statement Tables

The following table represents a summary of the impacts of the revision at December 31, 2023.


		December 31, 2023					December 31, 2023
		As Previously Reported		Revision Impacts			As Revised
	(In thousands)
ASSETS
Receivables:
Insurance premiums and other		$	23,690	$	(3,457	)	$	20,233
Deferred income taxes, net			15,682		726			16,408
Total assets			381,265		(2,731	)		378,534

LIABILITIES AND SHAREHOLDERS’ EQUITY



Accounts payable and accrued expenses			24,811		(1,523	)		23,288
Total liabilities			273,990		(1,523	)		272,467

Shareholders’ equity:
Retained earnings			50,929		(1,208	)		49,721
Total shareholders’ equity			107,275		(1,208	)		106,067
Total liabilities and shareholders’ equity		$	381,265	$	(2,731	)	$	378,534

The following table represents a summary of the impacts of the revision for the Balance Sheet at December 31, 2024.


	December 31, 2024
		As Previously Reported		Revision Impacts			As Revised
	(In thousands)
ASSETS
Receivables:
Insurance premiums		$	27,458	$	(5,580	)	$	21,878
Deferred income taxes, net			18,118		1,172			19,290
Total assets			393,428		(4,408	)		389,020

LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and other accrued expenses			30,948		(2,923	)		28,025
Total liabilities			293,815		(2,923	)		290,892

Shareholders’ equity:
Retained earnings			45,854		(1,485	)		44,369
Total shareholders’ equity			99,613		(1,485	)		98,128
Total liabilities and shareholders’ equity		$	393,428	$	(4,408	)	$	389,020

The following table represents a summary of the impacts of the revision for the Statement of Operations for the year ended December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
	(In thousands, except share and per share data)
Revenue:
Insurance premiums, net		$	178,731		$	(351	)	$	178,380
Total revenue			188,227			(351	)		187,876

Loss before income taxes			(5,264	)		(351	)		(5,615	)
Income tax benefit			(996	)		(74	)		(1,070	)
Net loss			(4,268	)		(277	)		(4,545	)
Net loss applicable to common shareholders		$	(4,667	)	$	(277	)	$	(4,944	)
Earnings (loss) per common share (basic)		$	(0.23	)	$	(0.02	)	$	(0.25	)
Earnings (loss) per common share (diluted)		$	(0.23	)	$	(0.02	)	$	(0.25	)

The following table represents a summary of the impacts of the revision for the Statement of Comprehensive Income for the year ended December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
	(In thousands)
Net loss		$	(4,268	)	$	(277	)	$	(4,545	)
Other comprehensive gain (loss):
Future policy benefit discount rate remeasurement gain (loss)			-			-
Subtotal			(3,280	)					(3,280	)

Related income tax effect			689						689
Subtotal			689						689

Total other comprehensive income, net of tax			(2,591	)		-			(2,591	)
Total comprehensive income		$	(6,859	)	$	(277	)	$	(7,136	)

The following table represents a summary of the impacts of the revision for the Statement of Stockholders' Equity at December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
(In thousands)
Retained earnings:
Balance, beginning of year		$	50,929		$	(1,208	)	$	49,721
Net loss			(4,268	)		(277	)		(4,545	)
Balance, end of year			45,854			(1,485	)		44,369

Total shareholders’ equity		$	99,613		$	(1,485	)	$	98,128

The following table represents a summary of the impacts of the revision for the Statement of Cash Flows for the year ended December 31, 2024.


	Year Ended December 31, 2024
		As Previously Reported			Revision Impacts			As Revised
	(In thousands)
Cash flows from operating activities:
Net loss		$	(4,268	)	$	(277	)	$	(4,545	)
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax benefit			(1,747	)		(2,380	)		(4,127	)
Increase in receivables, net			(5,581	)		5,580			(1	)
(Decrease) increase in accounts payable and accrued expenses			6,137			(2,922	)		3,215
Net cash provided by operating activities		$	4,800		$	-		$	4,800

The following table presents the effects of the retrospective application of the adoption of the new LDTI accounting guidance to the Company's previously reported consolidated balance sheet:


	December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
	(In thousands)
ASSETS
Receivables:
Reinsurance recoverables		$	22,942		$	(61	)	$	22,881
Deferred income taxes, net			19,290			(3,320	)		15,970
Deferred acquisition costs			44,842			(3,598	)		41,244
Other assets			11,828			(2	)		11,826
Total assets			389,020			(6,981	)		382,039

LIABILITIES AND SHAREHOLDERS’ EQUITY
Insurance reserves and policyholder funds
Future policy benefits			98,464			(21,583	)		76,881
Unearned premiums			31,178			(2,333	)		28,845
Other policy liabilities			1,757			4,492			6,249
Total insurance reserves and policyholder funds			225,106			(19,424	)		205,682
Total liabilities			290,892			(19,424	)		271,468

Shareholders’ equity:
Retained earnings			44,369			(870	)		43,499
Accumulated other comprehensive loss			(18,712	)		13,313			(5,399	)
Total shareholders’ equity			98,128			12,443			110,571
Total liabilities and shareholders’ equity		$	389,020		$	(6,981	)	$	382,039


	Year Ended December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
	(In thousands, except share and per share data)
Revenue:
Insurance premiums, net		$	178,380		$	(208	) (1)	$	178,588
Total revenue			187,876			206			188,082

Benefits and expenses:
Insurance benefits and losses incurred			125,831			(1,753	)		124,078
Future policy benefits remeasurement (gain) loss			-			(2,334	)		(2,334	)
Commissions and underwriting expenses			48,030			303			48,333
Total benefits and expenses			193,491			(3,784	)		189,707

Loss before income taxes			(5,615	)		3,990			(1,625	)
Income tax benefit			(1,070	)		838			(232	)
Net loss			(4,545	)		3,152			(1,393	)
Net loss applicable to common shareholders		$	(4,944	)	$	3,152		$	(1,792	)
Earnings (loss) per common share (basic)		$	(0.25	)	$	0.16		$	(0.09	)
Earnings (loss) per common share (diluted)		$	(0.25	)	$	0.16		$	(0.09	)

(1) Related to reclassification of group accident and health from long duration to short duration.


	Year Ended December 31, 2024
		As Revised			LDTI Adoption Impacts		As Adjusted
	(In thousands)
Net loss		(4,545	)		3,152		(1,393	)
Other comprehensive gain (loss):
Future policy benefit discount rate remeasurement gain (loss)		-			8,774		8,774
Subtotal		(3,280	)		8,774		5,494

Related income tax effect		689			(1,843	)	(1,154	)
Subtotal		689			(1,843	)	(1,154	)

Total other comprehensive income, net of tax		(2,591	)		6,931		4,340
Total comprehensive income		(7,136	)	$	10,083		2,947

The following table presents the effects of the retrospective application of the adoption of the new LDTI accounting guidance to the Company's previously reported consolidated statements of equity:


	Year Ended December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
(In thousands)
Retained earnings:
Balance, beginning of year		$	49,721		$	(4,022	)	$	45,699
Net loss			(4,545	)		3,152			(1,393	)
Balance, end of year			44,369			(870	)		43,499
Accumulated other comprehensive loss:
Balance, beginning of year			(16,121	)		6,382			(9,739	)
Other comprehensive income (loss), net of tax			(2,591	)		6,931			4,340
Balance, end of year			(18,712	)		13,313			(5,399	)

Total shareholders’ equity		$	98,128		$	12,443		$	110,571


	Year Ended December 31, 2024
			As Revised			LDTI Adoption Impacts			As Adjusted
	(In thousands)
Cash flows from operating activities:
Net loss			(4,545	)	$	3,152			(1,393	)
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred acquisition costs			16,645			1,906			18,551
Acquisition costs deferred			(17,637	)		(1,602	)		(19,239	)
Benefit provision for credit losses			(26	)		22			(4	)
Deferred income tax benefit			(4,127	)		837			(3,290	)
Increase in receivables, net			(1	)		2,889			2,888
Increase in insurance reserves and policyholder funds			12,684			(7,204	)		5,480
Net cash provided by operating activities		$	4,800		$	-		$	4,800

Reclassifications and Adjustments to the Consolidated Balance Sheet

The following table represents a summary of the Transition Date impacts associated with the implementation of LDTI to the consolidated balance sheet:


(In thousands)	Reinsurance Recoverables		Deferred Income Tax Asset			Deferred Acquisition Costs			Future Policy Benefits			Unearned Premiums			Other Policy Liabilities		Retained Earnings			Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2023 (as revised)	$	21,103	$	16,408		$	43,850		$	92,495		$	31,317		$	1,132	$	49,721		$	(16,121	)
Reclassification of annuities		-		-			-			(4,799	)		-			4,799		-			-
Reclassification of certain group accident and health products		-		419			(3,294	)		(1,300	)		-			-		(1,576	)		-
Reclassifications and adjustments for the cumulative effect of adoption on assets and liabilities		1,617		8			-			4,075			(2,467	)		-		(3	)		-
Impact from capping Transition Date net premium ratio		-		650			-			3,093			-			-		(2,443	)		-
Effect of remeasurement of future policy benefits to an upper-medium grade discount rate		1,233		(1,697	)		-			(6,846	)		-			-		-			6,382
Adjusted balance as of January 1, 2024, gross of reinsurance	$	23,953	$	15,788		$	40,556		$	86,718		$	28,850		$	5,931	$	45,699		$	(9,739	)

Statutory Reporting - Reported Statutory Net Income and Capital and Surplus for the Parent's Insurance Subsidiaries (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Statutory Reporting [Abstract]
Statutory net income	$ 10,760	$ 2,801
Statutory capital and surplus	83,081	80,113
Bankers Fidelity [Member]
Statutory Reporting [Abstract]
Statutory net income	6,946	1,359
Statutory capital and surplus	34,393	32,443
American Southern [Member]
Statutory Reporting [Abstract]
Statutory net income	3,814	1,442
Statutory capital and surplus	$ 48,688	$ 47,670

Accounting Policies, by Policy (Policies)	12 Months Ended
Accounting Policies, by Policy (Policies)	Dec. 31, 2025
Summary of Significant Accounting Policies [Abstract]
Business	BusinessAtlantic American Corporation (“Atlantic American” or the “Parent”), a Georgia corporation incorporated in 1968, is an insurance holding company. Atlantic American and its consolidated subsidiaries (collectively, the “Company”) provide life and health and property and casualty insurance products through two operating groups: Bankers Fidelity and American Southern.As of December 31, 2025, Bankers Fidelity consisted of Bankers Fidelity Life Insurance Company and its wholly owned subsidiaries, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company. American Southern consisted of American Southern Insurance Company; its wholly owned insurance subsidiary, American Safety Insurance Company; and its wholly owned non-insurance subsidiaries, Premier Adjusting and Claim Services, Inc., Automobile Safety Management, Inc. and Automated Systems of Georgia, Inc. The Parent also owned xCalibre Risk Services, Inc., a non-insurance subsidiary.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) under guidance issued by the Financial Accounting Standards Board (“FASB”) and include the accounts of the Parent and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company’s insurance subsidiaries also prepare financial statements in accordance with statutory accounting practices prescribed or permitted by their respective state insurance regulatory authorities, which differ from GAAP. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.
Adoption of ASU 2018-12—Targeted Improvements to the Accounting for Long-Duration Contracts	Adoption of ASU 2018-12—Targeted Improvements to the Accounting for Long-Duration Contracts. Effective January 1, 2025, the Company adopted Accounting Standards Update (“ASU”) No. 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, as subsequently amended by ASU Nos. 2019-09, 2020-11 and 2022-05 (collectively, “LDTI”). The Company applied LDTI using the modified retrospective transition method as of January 1, 2024 (the “Transition Date”) to its whole life, Medicare Supplement and certain guaranteed-renewable accident and health insurance products. Accordingly, amounts previously reported as of and for the year ended December 31, 2024, have been adjusted to conform to LDTI’s recognition, measurement, presentation and disclosure requirements. The effects of adoption as of the Transition Date are summarized below, and additional disaggregated information is presented in Notes 7, 8 and 9.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates include, among others, liabilities for future policy benefits, unpaid claims and claim adjustment expenses, reinsurance recoverables, deferred policy acquisition costs, the valuation and impairment of investments, and deferred income taxes. These estimates and assumptions are based on information available as of the date of the consolidated financial statements and are reviewed periodically as additional information becomes available. Changes in estimates are recognized in the period in which they are determined. Actual results could differ from these estimates.
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.
Investments	Investments Fixed Maturity and Equity Securities The Company’s investments in fixed maturity securities, which include bonds and redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, less allowance for credit losses (“ACL”), as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss (“AOCI”). The Company’s equity securities, which include common and non-redeemable preferred stocks, are carried at fair value with changes in fair value reported in net income. The fair values of fixed maturity securities and equity securities are largely determined from publicly quoted market prices, when available, or independent broker quotations. Values that are not determined using quoted market prices inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market prices. Income from investments is recorded in net investment income on the Consolidated Statement of Operations. Gains and losses from sales, maturities, or other redemptions of investments are recorded in realized investment gains (losses). Gains and losses on the disposition of investments are determined on a specific identification basis. Interest income and prepayment fees are recognized when earned. 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 fixed maturity securities are accounted for as a direct increase (decrease) in Other Comprehensive Income (“OCI”), net of deferred tax and, accordingly, have no effect on net income.
Policy Loans	Policy Loans Policy loans are carried at unpaid principal balance and are fully collateralized by the cash surrender value of the underlying insurance contract. Interest income is recorded as earned using the contractual interest rate, in net investment income in the Consolidated Statement of Operations.
Variable Interest Entities	Variable Interest Entities The Company holds passive interests in certain limited partnerships, limited liability companies and unconsolidated trusts that are considered variable interest entities (“VIEs”). Because the Company does not have the power to direct the activities that most significantly affect the economic performance of these entities, it is not the primary beneficiary and does not consolidate the VIEs. The limited partnership and limited liability company interests are accounted for using the equity method and presented as a single investment balance within other invested assets in the Consolidated Balance Sheets. Each investment is initially recorded at cost and subsequently increased or decreased for the Company’s allocable share of the investee’s net income or loss, which is recognized in net investment income in the Consolidated Statements of Operations. Contributions increase the carrying amount of the investment, while distributions generally reduce it. Investee results are recorded using the most recent financial information available, generally on a same-period basis with adjustments for material intervening events when necessary. Investments in unconsolidated trusts are presented separately in the Consolidated Balance Sheets and are carried at cost. The Company’s maximum exposure to loss generally consists of the carrying amounts of its investments and related unfunded commitments, and the Company has no obligation to provide financial support beyond those commitments. The Company evaluates its equity-method investments for impairment at least quarterly and recognizes any other-than-temporary decline in value as a reduction of the investment’s carrying amount and a charge to net investment income.
Reinsurance	Reinsurance The Company purchases reinsurance from unaffiliated reinsurers to reduce exposure to significant individual risks and catastrophic events. The Reinsurance arrangements do not legally discharge the insurer from primary liability for the full amount of the policies written by it, and the ceding company will incur a loss if the reinsurer fails to meet its obligations under the reinsurance agreement. In order to qualify for reinsurance accounting treatment, there must be a risk transfer. Insurance liabilities are reported gross of reinsurance. Amounts recoverable from reinsurers are recognized separately as reinsurance recoverables and are reduced by an allowance for expected credit losses. The allowance reflects management’s estimate of amounts that may not be collected and considers the financial condition of reinsurers, historical collection experience, current conditions, reasonable and supportable forecasts, collateral and other relevant factors. For ceded long-duration insurance contracts, reinsurance recoverables are measured using assumptions consistent with those used to measure the underlying direct insurance contracts, adjusted for the terms and conditions of the applicable reinsurance agreements. Changes resulting from actual experience and updates to future cash-flow assumptions are recognized in earnings. Effects attributable solely to changes in current discount rates are recognized in other comprehensive income. Bankers Fidelity has entered reinsurance contracts ceding a proportionate share of new Medicare Supplement business and the excess of its life retention to General Re Life Corporation. Ceding thresholds are set for all policies issued in a given calendar year. For ceded short-duration insurance contracts, ceded premiums are recognized as a reduction of premium revenue over the coverage period in proportion to the insurance protection provided. Amounts recoverable for ceded claims and claim adjustment expenses are recognized as reductions of the related benefits and claims expense. Ceded unearned premiums and recoverables for unpaid claims are included in reinsurance recoverables. American Southern’s basic reinsurance treaties generally cover all claims in excess of specified per occurrence limitations.
Insurance Premium and Other Receivables	Insurance Premiums and Other Receivables Insurance premiums and other receivables are reported at the amounts expected to be collected, net of allowances for expected credit losses. The allowance is estimated using historical collection experience, current conditions, reasonable and supportable forecasts and information specific to individual insureds, agents and other counterparties. Receivables are written off when they are determined to be uncollectible. Recoveries of amounts previously written off are recognized when received.
Deferred Acquisition Costs	Deferred Acquisition Costs Deferred Acquisition Costs (“DAC”) represent commissions, premium taxes and other incremental direct costs that result directly from and are essential to the successful acquisition of insurance contracts and would not have been incurred had the contracts not been issued. Long-Duration Contracts DAC associated with long-duration contracts is grouped on a basis consistent with the related insurance contracts and amortized on a constant-level basis over the expected term of those contracts. The expected remaining term is calculated based on assumptions of expected mortality, lapses, and other contract terminations that are consistent with the assumptions used to measure the related liability for future policy benefits. These assumptions are reviewed at least annually and are updated as warranted whenever experience changes significantly. Actual contract terminations are reflected in the amortization calculation when they occur. Short-Duration Contracts DAC associated with short-duration contracts is amortized over the related coverage period in proportion to premium revenue recognized. The Company evaluates the recoverability of short-duration DAC when indications exist that expected claims, claim adjustment expenses, maintenance costs and other related expenses may exceed anticipated premium revenue. If a premium deficiency exists, DAC is reduced to the extent necessary, and an additional liability is recognized for any remaining deficiency.
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.
Leases	Leases The Company determines whether an arrangement contains a lease at contract inception. Right-of-use assets and lease liabilities for operating leases are recognized at the lease commencement date. Lease liabilities are measured at the present value of fixed lease payments over the lease term. The Company uses the rate implicit in the lease when that rate is readily determinable; otherwise, it uses its incremental borrowing rate at lease commencement. The lease term includes renewal and termination options when the Company is reasonably certain to exercise those options. Operating lease expense is recognized on a straight-line basis over the lease term. Operating lease right-of-use assets are included in other assets, and operating lease liabilities are included in other liabilities in the Consolidated Balance Sheets.
Policy Benefits, Claims and Insurance Reserves	Policy Benefits, Claims and Insurance Reserves Insurance reserves represent management’s estimates of the Company’s obligations under insurance and investment contracts in force as of the balance sheet date. These reserves principally include the Liability for Future Policy Benefits (“LFPB”) under long-duration contracts, deposit liabilities associated with investment contracts, and liabilities for unpaid claims and claim-related expenses under both short and long-duration insurance contracts. For long-duration insurance contracts, the LFPB includes the present value of expected future policy benefits and related expenses, less the present value of expected future net premiums. The LFPB also includes liabilities associated with claims incurred for long-duration contracts, including reported claims, claims incurred but not reported (“IBNR”), claims in the course of settlement and related claim adjustment expenses. Accordingly, claim liabilities associated with Medicare Supplement, life and other long-duration accident and health products are included in LFPB and the liability for losses and claims in the Consolidated Balance Sheet. For short-duration insurance contracts, liabilities for unpaid claims and claim adjustment expenses relate to insured events that have occurred on or before the balance sheet date and include reported claims, expected development on reported claims, IBNR and related claim adjustment expenses. These liabilities are reported within losses and claims in the Consolidated Balance Sheets. Insurance liabilities are reported gross of reinsurance, and amounts recoverable from reinsurers are reported separately as an asset within reinsurance receivables in the Consolidated Balance Sheet. The use of reinsurance does not relieve the Company of its obligations to policyholders. Long-Duration Contracts The Company’s long-duration contracts principally include individual life, group whole life, Medicare Supplement and certain guaranteed-renewable individual accident and health insurance products. The LFPB is measured at the cohort level as the present value of expected future benefit payments and related claim expenses, less the present value of expected future net premiums. Expected future cash flows are projected through the period in which the related contracts are expected to remain in force. Such liabilities are established based on methods and underlying assumptions in accordance with GAAP and applicable actuarial standards. Cash-flow assumptions are incorporated into the calculation of a cohort and include mortality, morbidity, policyholder lapses and other termination rates, claim costs, loss ratios, anticipated premium-rate increases and expenses. For life insurance products, significant assumptions principally include mortality and voluntary lapses. For Medicare Supplement products, significant assumptions principally include incurred loss ratios, anticipated premium-rate increases and total termination rates. For other long-duration accident and health products, significant assumptions principally include claim costs and total termination rates. These assumptions reflect management’s current best estimates of future experience without provision for adverse deviation and are based on Company experience, relevant industry data and anticipated future trends. Actual experience through the reporting date is incorporated into the measurement each reporting period. Assumptions regarding future cash flows are reviewed at least annually and updated more frequently when evidence indicates that revisions are warranted. Differences between actual and expected experience and changes in future cash-flow assumptions are recognized in earnings as remeasurement gains or losses within insurance benefits and losses incurred in the Consolidated Statement of Operations. The Company also has a block of annuity contracts under which amounts payable upon death, accident or sickness do not exceed the contract holder’s accumulated account value. Because these contracts do not expose the Company to significant mortality or morbidity risk, they are accounted for as investment contracts rather than long-duration insurance contracts. The related liability is measured based on accumulated contract holder account values, including credited interest, and is not included in the LFPB measurement under the long-duration insurance accounting model. The investment-contract liability, which was approximately $4,600 at December 31, 2025, is included in other policy liabilities in the Consolidated Balance Sheets. Policy Grouping and Net Premium Ratio Long-duration insurance contracts are grouped into cohorts based on product line and issue year, with no cohort containing contracts issued more than one year apart. The net premium ratio (“NPR”) is the ratio of the present value of expected future benefits and related claim expenses to the present value of expected future gross premiums. The NPR used to accrue the LFPB in each period is determined by using the historical and present value of expected future benefits and claim settlement expenses for the cohort divided by the historical and present value of expected future gross premiums for the cohort. For contracts in force at the Transition Date, the NPR reflects the applicable carrying amount under the Company’s modified retrospective transition method. For contracts issued after the Transition Date, the NPR is established based on expected benefits, related expenses and gross premiums as of the applicable contract issue date. At each reporting date, actual experience is incorporated into the calculation, and the NPR is recalculated using actual experience and current assumptions about future cash flows. The NPR is capped at 100%. If the calculated NPR for a cohort exceeds 100%, the Company increases the LFPB by the amount necessary to reduce the NPR to 100% and recognizes the resulting loss immediately in earnings. The LFPB for an individual cohort may not be less than zero. Flooring adjustments are necessary when the present value of future net premiums exceeds the present value of future benefits for a given cohort. The flooring adjustment is the total of the flooring adjustments for each cohort, if any. These adjustments ensure that the liability for future policy benefits is at least zero for all cohorts. Changes in the LFPB as a result of changes in the current discount rates are recognized separately in OCI and do not affect the NPR. Discount Rates on Long Duration Contracts The Company uses two discount-rate bases in measuring LFPB: ● Locked‑in discount rate – For contracts issued before the Transition Date, the cohort-level locked-in discount rate reflects the historical interest-accretion rates used to measure the contracts under previous GAAP. For contracts issued after the Transition Date, the locked-in discount rate is based on the upper-medium-grade fixed-income instrument yield applicable when the underlying contracts are issued. The locked-in discount rate is used to calculate the net premium ratio, interest accretion and remeasurement gains or losses recognized in earnings. ● Current discount rate – At each reporting date, the Company remeasures the LFPB using a current discount-rate curve based on yields for upper-medium-grade, or single-A, corporate fixed-income instruments. The curve is constructed to reflect the duration characteristics of the related liabilities and is updated quarterly. Observable market information is used for durations of up to 50 years. For projected cash flows beyond the last observable point, the Company holds the yield at the 50-year point constant. The difference between the liability measured using the current discount rate and the liability measured using the locked-in discount rate is recognized in OCI. Changes in the current discount rate do not affect the net premium ratio or the remeasurement gains or losses recognized in earnings. Short Duration Contracts The Company’s short-duration insurance contracts principally include property and casualty insurance products and group accident and health products for which the Company generally has the unilateral right to terminate the group policy at an annual renewal date. Liabilities for unpaid claims and claim adjustment expenses under short-duration contracts include estimates for reported claims and IBNR. The liabilities are established using actuarial methods applied to historical claim-development experience, expected loss ratios, claim frequency and severity trends and other relevant information. The estimates are reviewed each reporting period, and changes in estimated ultimate losses and claim adjustment expenses are recognized in earnings in the period in which the estimates are revised. Because these estimates are subject to significant uncertainty, actual claim payments may differ from the amounts recorded. The Company also evaluates its short-duration insurance contracts for premium deficiencies. A premium deficiency exists when expected claims costs, claim adjustment expenses, policy maintenance costs and unamortized acquisition costs exceed the related unearned premiums and anticipated investment income. If a premium deficiency is identified, the Company first reduces the related DAC.
Premium Revenue	Short Duration Contracts The Company’s short-duration insurance contracts principally include property and casualty insurance products and group accident and health products for which the Company generally has the unilateral right to terminate the group policy at an annual renewal date. Liabilities for unpaid claims and claim adjustment expenses under short-duration contracts include estimates for reported claims and IBNR. The liabilities are established using actuarial methods applied to historical claim-development experience, expected loss ratios, claim frequency and severity trends and other relevant information. The estimates are reviewed each reporting period, and changes in estimated ultimate losses and claim adjustment expenses are recognized in earnings in the period in which the estimates are revised. Because these estimates are subject to significant uncertainty, actual claim payments may differ from the amounts recorded. The Company also evaluates its short-duration insurance contracts for premium deficiencies. A premium deficiency exists when expected claims costs, claim adjustment expenses, policy maintenance costs and unamortized acquisition costs exceed the related unearned premiums and anticipated investment income. If a premium deficiency is identified, the Company first reduces the related DAC. Treasury Stock Treasury stock is reflected as a reduction of shareholders’ equity at cost. The Company uses the first-in-first-out purchase cost to determine the cost of treasury stock that is reissued. The Company includes any gains and losses in additional paid-in capital when treasury stock is reissued. Premium Revenue Short Duration Contracts Premiums for short-duration insurance contracts are recognized as revenue over the coverage period in proportion to the insurance protection provided. Unearned premiums represent the portion of premiums written applicable to coverage periods after the balance sheet date and are reported as liabilities until earned. Certain property and casualty contracts provide for retrospective premium adjustments based on the insured’s loss experience or other contractual criteria. Under these arrangements, additional premiums may be billed to or refunded to policyholders based on actual loss experience relative to contractual thresholds. Estimated retrospective premiums are recognized over the contract period based on experience to date and the terms of the underlying contracts. Estimates are revised as additional information becomes available, with resulting adjustments recognized in premium revenue in the period of revision. Premium revenue is presented net of premiums ceded under reinsurance agreements.
Treasury Stock	Treasury Stock Treasury stock is reflected as a reduction of shareholders’ equity at cost. The Company uses the first-in-first-out purchase cost to determine the cost of treasury stock that is reissued. The Company includes any gains and losses in additional paid-in capital when treasury stock is reissued.
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.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Adoption of New Accounting Standards Income Taxes. In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The amendment requires that all entities disclose on an annual basis the following information about income taxes paid; the amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes; and the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5% of total income taxes paid (net of refunds received). All entities also are required to disclose: income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign; and income tax expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. The ASU, which also includes certain other amendments to improve the effectiveness of income tax disclosures, is effective for public business entities for annual periods beginning after December 15, 2024. The Company adopted ASU No. 2023-09 on December 31, 2025. Refer to Note 10 of Notes to Consolidated Financial Statements for details regarding the Company’s income tax disclosure. Adoption of ASU 2018-12—Targeted Improvements to the Accounting for Long-Duration Contracts. Effective January 1, 2025, the Company adopted ASU No. 2018-12. The Company applied LDTI using the modified retrospective transition method as of January 1, 2024 (the “Transition Date”) to its whole life, Medicare Supplement and certain guaranteed-renewable accident and health insurance products. Accordingly, amounts previously reported as of and for the year ended December 31, 2024, have been adjusted to conform to LDTI’s recognition, measurement, presentation and disclosure requirements. The effects of adoption as of the Transition Date are summarized below, and additional disaggregated information is presented in Notes 7, 8 and 9. Under the modified retrospective transition method, the carrying amount of the LFPB reported under previous GAAP as of December 31, 2023 was used as the starting point for determining the LFPB for in-force long-duration contracts as of the Transition Date. The Company adjusted that carrying amount to remove provisions for adverse deviation from assumptions other than discount rates, apply current best-estimate assumptions for future experience, remeasure the LFPB using applicable locked-in discount rates and recognize additional reserves for cohorts for which the NPR exceeded 100%. As part of its LDTI implementation, the Company reassessed product classifications for its Bankers Fidelity subsidiary for group accident and health products, which were reclassified from long‑duration to short‑duration. This reclassification is supported by the Company’s ability to unilaterally cancel coverage annually. As of the Transition Date, this reclassification reduced the LFPB by $1,300, DAC by $3,300 resulting in a $1,576 reduction to opening retained earnings. The carrying amount of DAC associated with contracts in force as of December 31, 2023 was used as the starting point for applying LDTI’s revised DAC amortization requirements, subject to the applicable product reclassifications. Related reinsurance recoverables were remeasured using assumptions and methodologies consistent with those applied to the underlying reinsured contracts and adjusted for the terms of the applicable reinsurance agreements. The difference between the LFPB measured under LDTI using the applicable locked-in discount rate and the corresponding carrying amount reported under previous GAAP was recognized as an adjustment to retained earnings. The difference between the LFPB measured using the current discount rate as of the Transition Date and the LFPB measured using the applicable locked-in discount rate was recognized as an adjustment to AOCI. The resulting cumulative-effect adjustments were recorded as of the Transition Date, net of related income tax effects.

Other Insurance Reserves and Policyholder Funds - Reconciliation of Total Incurred Losses to Total Insurance Benefits and Losses (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Other Insurance Reserves and Policyholder Funds [Abstract]

Total incurred losses

$ 124,119

$ 118,101

Cash surrender value and matured endowments

2,001

1,340

Benefit reserve changes

6,555

2,303

Total insurance benefits and losses incurred

^[1]

132,675

^[2]

121,744

^[3]

LFPB remeasurement gain

$ 4,866

$ 2,334

[1]	This line is net of LFPB remeasurement gain of $4,866 and $2,334 for 2025 and 2024, respectively.
[2]	This line is net of LFPB remeasurement gain of $4,866 for 2025.
[3]	This line is net of LFPB remeasurement gain of $2,334 for 2024.

Disclosures About Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2025

Disclosures About Fair Value of Financial Instruments [Abstract]

Disclosures About Fair Value of Financial Instruments

Note 3. 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 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 most of its fixed maturity securities, which consist of U.S. Treasury securities, U.S. Government securities, obligations of states and political subdivisions, and certain corporate fixed maturity securities, as well as its non-redeemable preferred stocks. In determining fair value measurements of its fixed maturity securities 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 maturity securities and non-redeemable preferred stocks were determined using unadjusted prices received from pricing services that utilize models where the significant inputs are observable (e.g., interest rates, yield curves, prepayment speeds, default rates, loss severities) or can be corroborated by observable market data.

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. With little or no observable market, the determination of fair values uses considerable judgment and represents the Company’s best estimate of an amount that could be realized in a market exchange for the asset or liability. The Company’s financial instruments valued using Level 3 criteria consist of one equity security. As of December 31, 2025 and December 31, 2024, the value of the equity security valued using Level 3 criteria was $193 and $189, respectively. The equity security is not traded and is valued at cost. The use of different criteria or assumptions regarding data may have yielded materially different valuations. Other policy liabilities consisting of annuities of $4,783 and $4,938 were also included in level 3 valuations.

Recurring Fair Value Measurements

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

Fixed Maturity Securities and Common and Non-Redeemable Preferred Stocks. The carrying amount is determined from publicly quoted market prices. Certain fixed maturity securities 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 is also considered, as applicable.

Nonrecurring Fair Value Measurements

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.

Policy Loans. Policy loans, which are categorized as Level 3 fair value measurements, are carried at the unpaid principal balances.

Annuities. Annuities, which are categorized as Level 3 fair value measurements, are carried at the present value of future annuity payments.

Junior Subordinated Debentures. The fair value is estimated based on observable interest rates and yields for debt instruments having similar characteristics.

As of December 31, 2025, financial instruments carried at fair value were measured on a recurring basis as summarized below:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Fixed maturity securities	$	-	$	244,111	$	-	$	244,111
Equity securities		12,202		-		193		12,395
Cash equivalents		16,941		994		-		17,935
Total	$	29,143	$	245,105	$	193	$	274,441

As of December 31, 2024, financial instruments carried at fair value were measured on a recurring basis as summarized below:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Fixed maturity securities	$	-	$	212,612	$	-	$	212,612
Equity securities		7,711		-		189		7,900
Cash equivalents		14,948		-		-		14,948
Total	$	22,659	$	212,612	$	189	$	235,460

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, 2025 and 2024:

	Level in Fair Value Hierarchy⁽¹⁾	2025				2024
	Level in Fair Value Hierarchy⁽¹⁾	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	⁽¹⁾	$	43,636	$	43,636	$	35,570	$	35,570
Fixed maturity securities	Level 2		244,111		244,111		212,612		212,612
Equity securities	⁽¹⁾		12,395		12,395		7,900		7,900
Policy loans	Level 3		1,683		1,683		1,722		1,722

Liabilities:
Junior subordinated debentures, net	Level 2		33,738		33,595		33,738		35,443
Revolving credit facility	Level 2		5,021		5,021		4,023		4,023
Other policy liabilities -annuities	Level 3⁽²⁾		4,783		4,783		4,938		4,938

(1)	See the aforementioned information for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

(2)	This value relates to annuities, which is a financial instrument, whereas the remaining items within other policy liabilities are not financial instruments.

- 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.

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+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Pay vs Performance Disclosure
Net Income (Loss)	$ 6,017	$ (1,393)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Policy Acquisition Costs [Abstract]

Deferred Policy Acquisition Costs for American Southern

The following table presents a rollforward of deferred policy acquisition costs by segment for the years ended December 31, 2025 and 2024:

	2025									2024 (Restated)
	American Southern			Bankers Fidelity			Total			American Southern			Bankers Fidelity			Total

Deferred policy acquisition costs:
Balance, beginning of year	$	2,866		$	38,378		$	41,244		$	2,700		$	37,856		$	40,556
Capitalization		9,634			10,298			19,932			8,498			10,741			19,239
Amortization		(9,745	)		(9,113	)		(18,858	)		(8,332	)		(10,219	)		(18,551	)
Balance, end of year⁽¹⁾	$	2,755		$	39,563		$	42,318		$	2,866		$	38,378		$	41,244

1) DAC is associated with the following product lines: American Southern products include automobile liability, general liability, inland marine, automobile physical damage, and surety; and Bankers Fidelity products include individual life, group whole life, Medicare Supplement, and individual and group accident and health products.

American Southern [Member]

Deferred Policy Acquisition Costs [Abstract]

Deferred Policy Acquisition Costs for American Southern

The following table presents a rollforward of deferred policy acquisition costs for American Southern by line of business for the years ended December 31, 2025 and 2024:

	2025
	Automobile Liability			General Liability			Inland Marine			Automobile Physical Damage			Surety			Total

DAC balance as of the beginning of the year	$	721		$	633		$	186		$	524		$	802		$	2,866
Capitalized expenses		2,781			2,182			691			1,876			2,104			9,634
Amortization of DAC		(2,707	)		(2,191	)		(679	)		(1,864	)		(2,304	)		(9,745	)
DAC balance as of the valuation date	$	795		$	624		$	198		$	536		$	602		$	2,755

	2024
	Automobile Liability			General Liability			Inland Marine			Automobile Physical Damage			Surety			Total

DAC balance as of the beginning of the year	$	731		$	585		$	151		$	431		$	802		$	2,700
Capitalized expenses		2,139			1,875			551			1,555			2,378			8,498
Amortization of DAC		(2,149	)		(1,827	)		(516	)		(1,462	)		(2,378	)		(8,332	)
DAC balance as of the valuation date	$	721		$	633		$	186		$	524		$	802		$	2,866

Bankers Fidelity [Member]

Deferred Policy Acquisition Costs [Abstract]

Deferred Policy Acquisition Costs for American Southern

The following table presents a rollforward of deferred policy acquisition costs for Bankers Fidelity by line of business for the years ended December 31, 2025 and 2024:

	2025

	Individual Life			Group Whole Life			Medicare Supplement			Other Individual Accident and Health			Group Accident and Health			Total

DAC balance as of the beginning of the year	$	6,258		$	10,788		$	17,368		$	3,958		$	6		$	38,378
Capitalized expenses		514			3,440			3,270			1,521			1,553			10,298

Amortization of DAC		(601	)		(2,090	)		(3,415	)		(1,451	)		(1,556	)		(9,113	)
DAC balance as of the valuation date	$	6,171		$	12,138		$	17,223		$	4,028		$	3		$	39,563

	2024
	(Restated)
	Individual Life			Group Whole Life			Medicare Supplement			Other Individual Accident and Health			Group Accident and Health			Total

DAC balance as of the beginning of the year	$	6,428		$	8,435		$	19,443		$	3,527		$	23		$	37,856
Capitalized expenses		376			3,818			1,985			1,229			3,333			10,741
Amortization of DAC		(546	)		(1,465	)		(4,060	)		(798	)		(3,350	)		(10,219	)
DAC balance as of the valuation date	$	6,258		$	10,788		$	17,368		$	3,958		$	6		$	38,378

Credit Arrangements (Tables)

12 Months Ended

Dec. 31, 2025

Credit Arrangements [Abstract]

Financial Structure of Statutory Business Trusts

The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2025 and 2024, was as follows:

		Atlantic American Statutory Trust I		Atlantic American Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES⁽¹⁾⁽²⁾
Balance December 31, 2025	$	18,042	$	23,196
Less: Treasury debt⁽³⁾		-		(7,500	)
Net balance December 31, 2025	$	18,042	$	15,696
Net balance December 31, 2024	$	18,042	$	15,696
Coupon rate		3-Month SOFR + 0.26161 spread adj + 4.00%		3-Month SOFR + 0.26161 spread adj + 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		3-Month SOFR + 0.26161 spread adj + 4.00%		3-Month SOFR + 0.26161 spread adj + 4.10%
Distribution payable		Quarterly		Quarterly
Distribution guaranteed by⁽⁴⁾		Atlantic American Corporation		Atlantic American Corporation

(1)

(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.

Schedule III SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2025

Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

Schedule III SUPPLEMENTARY INSURANCE INFORMATION

Schedule III

Page 1 of 2

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, 2025:
Bankers Fidelity	$	39,563	$	115,737		$	49	$	7,573
American Southern		2,755		82,818			34,688		-
	$	42,318	$	198,555	⁽¹⁾	$	34,737	$	7,573

December 31, 2024 (Restated):
Bankers Fidelity	$	38,378	$	102,774		$	87	$	6,249
American Southern		2,866		67,814			28,758		-
	$	41,244	$	170,588	⁽²⁾	$	28,845	$	6,249

(1) Includes future policy benefits of $84,719 and losses and claims of $113,836.

(2) Includes future policy benefits of $76,881 and losses and claims of $93,707.

Schedule III

Page 2 of 2

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES

SUPPLEMENTARY INSURANCE INFORMATION

Segment	Premium Revenue		Net Investment Income		Claims, Losses and Settlement Expenses		Amortization of Deferred Acquisition Costs		Other Operating Expenses		Casualty Premiums Written
	(In thousands)
December 31, 2025:
Bankers Fidelity	$	111,638	$	5,818	$	72,287	$	9,113	$	32,291	$	-
American Southern		84,504		4,357		65,254		9,745		8,761		90,434
Corporate & other		-		91		-		-		10,134		-
	$	196,142	$	10,266	$	137,541	$	18,858	$	51,186	$	90,434

December 31, 2024 (Restated):
Bankers Fidelity	$	110,899	$	5,544	$	68,311	$	10,219	$	31,962	$	-
American Southern		67,689		4,151		55,767		8,332		7,234		67,692
Corporate & other		-		96		-		-		10,217		-
	$	178,588	$	9,791	$	124,078	$	18,551	$	49,413	$	67,692

Reinsurance - Components of Reinsurance Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reinsurance [Abstract]
Recoverable on unpaid losses, net of allowance	$ 19,298	$ 17,390
Recoverable on unpaid benefits	5,309	5,217
Recoverable on paid losses	0	0
Ceded benefit reserves	(105)	(64)
Ceded unearned premiums	0	0
Ceded advanced premiums	1,037	338
Total reinsurance receivables	25,539	22,881	$ 23,953
American Southern [Member]
Reinsurance [Abstract]
Recoverable on unpaid losses, net of allowance	7,715	8,602
Recoverable on unpaid benefits	0	0
Recoverable on paid losses	0	0
Ceded benefit reserves	0	0
Ceded unearned premiums	0	0
Ceded advanced premiums	0	0
Total reinsurance receivables	7,715	8,602
Bankers Fidelity [Member]
Reinsurance [Abstract]
Recoverable on unpaid losses, net of allowance	11,583	8,788
Recoverable on unpaid benefits	5,309	5,217
Recoverable on paid losses	0	0
Ceded benefit reserves	(105)	(64)
Ceded unearned premiums	0	0
Ceded advanced premiums	1,037	338
Total reinsurance receivables	$ 17,824	$ 14,279

Disclosures About Fair Value of Financial Instruments - Financial Instruments Carried at Fair Value Measured on a Recurring Basis (Details) - Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Disclosures About Fair Value of Financial Instruments [Abstract]
Fixed maturity securities	$ 244,111	$ 212,612
Equity securities	12,395	7,900
Cash equivalents	17,935	14,948
Assets at fair value	274,441	235,460
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Disclosures About Fair Value of Financial Instruments [Abstract]
Fixed maturity securities	0	0
Equity securities	12,202	7,711
Cash equivalents	16,941	14,948
Assets at fair value	29,143	22,659
Significant Other Observable Inputs (Level 2) [Member]
Disclosures About Fair Value of Financial Instruments [Abstract]
Fixed maturity securities	244,111	212,612
Equity securities	0	0
Cash equivalents	994	0
Assets at fair value	245,105	212,612
Significant Unobservable Inputs (Level 3) [Member]
Disclosures About Fair Value of Financial Instruments [Abstract]
Fixed maturity securities	0	0
Equity securities	193	189
Cash equivalents	0	0
Assets at fair value	$ 193	$ 189

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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+ Details

- Definition

Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 80
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/exampleRef
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-Section 55
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-Publisher FASB
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(2))
-Publisher FASB
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1)(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

+ Details

Deferred Policy Acquisition Costs - Deferred Policy Acquisition Costs by Segment (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

$ 41,244

^[1]

$ 40,556

Capitalization

19,932

19,239

Amortization

(18,858)

(18,551)

Balance, end of year

^[1]

42,318

41,244

American Southern [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

2,866

^[1]

2,700

Capitalization

9,634

8,498

Amortization

(9,745)

(8,332)

Balance, end of year

^[1]

2,755

2,866

Bankers Fidelity [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

38,378

^[1]

37,856

Capitalization

10,298

10,741

Amortization

(9,113)

(10,219)

Balance, end of year

^[1]

$ 39,563

$ 38,378

[1]

DAC is associated with the following product lines: American Southern products include automobile liability, general liability, inland marine, automobile physical damage, and surety; and Bankers Fidelity products include individual life, group whole life, Medicare Supplement, and individual and group accident and health products.

- Definition

Amount of amortization expense (reversal of expense) for deferred policy acquisition costs.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479868/944-20-45-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479432/944-30-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479401/944-30-55-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(7)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479432/944-30-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (u)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-22

+ Details

- Definition

Amount of deferred policy acquisition cost capitalized on contract remaining in force.

+ References + Details

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2025
Related Party Transactions [Abstract]
Related Party Transactions	Note 17. 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, certain investing and financing activities, as well as inconsequential administrative and consulting services. At December 31, 2025, two members of the Company’s board of directors, including the Company’s 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, 4370 Peachtree LLC. During the years ended December 31, 2025 and 2024, the Company paid $1,352 and $1,153, respectively, under this lease. On December 26, 2024, the Company and its subsidiary, Bankers Fidelity Life Insurance Company, entered into a Second Amendment to Lease Agreement (the “Second Amendment”) with 4370 Peachtree LLC. The Second Amendment amends the Lease Agreement, dated November 1, 2007, by and among the same parties (as previously amended, the “Lease Agreement”), pursuant to which the Company leases space for its principal offices and for some of its insurance operations in an office building located in Atlanta, Georgia. Pursuant to the Second Amendment, the Lease Agreement was modified to increase the base rent payable by the Company, beginning January 1, 2025. The Second Amendment also provides for rent adjustment on January 1, 2027, January 1, 2030 and each five years thereafter. Certain financing for the Company has also been provided by an entity affiliated with the controlling shareholder of the Company in the form of an investment in the Series D Preferred Stock (See Note 14). During the years ended December 31, 2025 and 2024, 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 Media, Inc. (“Gray”). As of December 31, 2025 and 2024, 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, 2025 and 2024 was $11,076 and $6,751, respectively. In each of the years ended December 31, 2025 and 2024, Gray paid the Company approximately $2,119 and $2,173 in insurance premiums related to certain voluntary employee benefit plans.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Income Taxes - Reconciliation of Income Tax Expense (Benefit) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Income Taxes [Abstract]

Federal income tax provision at the statutory rate

$ 1,621

$ (342)

Tax Jurisdiction of Domicile [Extensible Enumeration]

Statutory rate

21.00%

Dividends-received deduction

$ (25)

Meals and entertainment

Vested stock and club dues

Parking disallowance

Adjustment for prior years’ estimates to actual

Income tax expense (benefit)

$ 1,704

$ (232)

Effective tax rate

22.10%

14.30%

State income taxes, net of federal income tax effect

^[1],[2]

$ 187

$ 213

[1]	State income taxes were paid to various states and are included in general and administrative expenses in the Consolidated Statement of Operations.
[2]	State taxes in Florida made up the majority of the tax effect in this category.

Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Disclosures About Fair Value of Financial Instruments [Abstract]

Financial Instruments Carried at Fair Value Measured on a Recurring Basis

As of December 31, 2025, financial instruments carried at fair value were measured on a recurring basis as summarized below:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Fixed maturity securities	$	-	$	244,111	$	-	$	244,111
Equity securities		12,202		-		193		12,395
Cash equivalents		16,941		994		-		17,935
Total	$	29,143	$	245,105	$	193	$	274,441

As of December 31, 2024, financial instruments carried at fair value were measured on a recurring basis as summarized below:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Fixed maturity securities	$	-	$	212,612	$	-	$	212,612
Equity securities		7,711		-		189		7,900
Cash equivalents		14,948		-		-		14,948
Total	$	22,659	$	212,612	$	189	$	235,460

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, 2025 and 2024:

	Level in Fair Value Hierarchy⁽¹⁾	2025				2024
	Level in Fair Value Hierarchy⁽¹⁾	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	⁽¹⁾	$	43,636	$	43,636	$	35,570	$	35,570
Fixed maturity securities	Level 2		244,111		244,111		212,612		212,612
Equity securities	⁽¹⁾		12,395		12,395		7,900		7,900
Policy loans	Level 3		1,683		1,683		1,722		1,722

Liabilities:
Junior subordinated debentures, net	Level 2		33,738		33,595		33,738		35,443
Revolving credit facility	Level 2		5,021		5,021		4,023		4,023
Other policy liabilities -annuities	Level 3⁽²⁾		4,783		4,783		4,938		4,938

(1)	See the aforementioned information for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

(2)	This value relates to annuities, which is a financial instrument, whereas the remaining items within other policy liabilities are not financial instruments.

Allowance for Expected Credit Losses - Reinsurance Recoverables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Allowance for Expected Credit Losses [Abstract]
Reinsurance Recoverables, Net of Allowance for Expected Credit Losses, Balance, beginning of period	$ 22,881	$ 23,953
Allowance for Expected Credit Losses, Balance, beginning of period	73	61
Allowance for Expected Credit Losses, Current period change for estimated uncollectible reinsurance	(15)	12
Allowance for Expected Credit Losses, Write-offs of uncollectible reinsurance recoverables	0	0
Reinsurance Recoverables, Net of Allowance for Expected Credit Losses, Balance, end of period	25,539	22,881
Allowance for Expected Credit Losses, Balance, end of period	$ 58	$ 73

- Definition

Amount, after valuation allowance, recoverable under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, policy benefits and policy reserves. Excludes premiums paid under reinsurance contracts.

+ References + Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Information [Abstract]

Assets, Revenue Income (Loss) Before Income Taxes for Each Business Unit

	For the Year Ended December 31, 2025
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums, net	$	84,504		$	111,638		$	-		$	-		$	196,142
Insurance benefits and losses incurred		65,254			72,287			-			-			137,541
Future policy benefit remeasurement gain		-			(4,866	)		-			-			(4,866	)
Expenses deferred		(9,634	)		(10,298	)		-			-			(19,932	)
Amortization and depreciation expense		10,108			3,058			89			-			13,255
Other expenses		18,032			48,644			22,961			(12,916	)		76,721
Total expenses		83,760			108,825			23,050			(12,916	)		202,719
Underwriting income (loss)		744			2,813			-			-			3,557
Net investment income (loss)		4,357			5,818			3,314			(3,223	)		10,266
Other income (loss)		7			3			9,695			(9,693	)		12
Subtotal		5,108			8,634			(10,041	)		-			3,701
Net realized gains (losses)		(475	)		4			-			-			(471	)
Unrealized gains on equity securities		85			4,238			168			-			4,491
Income (loss) before income taxes	$	4,718		$	12,876		$	(9,873	)	$	-		$	7,721
Total revenues	$	88,478		$	121,701		$	13,177		$	(12,916	)	$	210,440
Intangibles	$	1,350		$	1,194		$	-		$	-		$	2,544
Total assets	$	173,673		$	229,001		$	164,475		$	(133,212	)	$	433,937

	For the Year Ended December 31, 2024 (Restated)
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums, net	$	67,689		$	110,899		$	-		$	-		$	178,588
Insurance benefits and losses incurred		55,767			68,311			-			-			124,078
Future policy benefit remeasurement gain		-			(2,334	)		-			-			(2,334	)
Expenses deferred		(8,498	)		(10,741	)		-			-			(19,239	)
Amortization and depreciation expense		8,390			7,571			1			-			15,962
Other expenses		15,673			45,351			23,357			(13,141	)		71,240
Total expenses		71,332			108,158			23,358			(13,141	)		189,707
Underwriting income (loss)		(3,643	)		2,741			-			-			(902	)
Net investment income (loss)		4,151			5,544			3,705			(3,609	)		9,791
Other income (loss)		5			5			9,531			(9,532	)		9
Subtotal		513			8,290			(10,122	)		-			(1,319	)
Net realized gains		666			544			-			-			1,210
Unrealized losses on equity securities		(291	)		(1,039	)		(186	)		-			(1,516	)
Income (loss) before income taxes	$	888		$	7,795		$	(10,308	)	$	-		$	(1,625	)
Total revenues	$	72,220		$	115,953		$	13,050		$	(13,141	)	$	188,082
Intangibles	$	1,350		$	1,194		$	-		$	-		$	2,544
Total assets	$	147,214		$	202,751		$	156,964		$	(124,890	)	$	382,039

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Income Taxes

Note 10. Income Taxes

Total income taxes were allocated as follows:

	Year Ended December 31
	2025			2024
Total tax expense (benefit) on income	$	1,704		$	(232	)
Tax expense (benefit) on components of shareholders’ equity:
Unrealized gains and losses on available-for-sale fixed maturity securities, including reclassification adjustments		1,590			(689	)
LDTI future policy benefit discount-rate remeasurement, net of the related reinsurance-recoverable effect		(259	)		1,843
Total tax expense on components of shareholders’ equity		1,331			1,154
Total tax expense	$	3,035		$	922

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

	Year Ended December 31
	2025			2024
Federal income tax provision at the statutory rate	$	1,621		$	(342	)
Statutory rate		21	%		21	%

Dividends-received deduction		(25	)		(25	)
Meals and entertainment		70			77
Vested stock and club dues		10			3
Parking disallowance		25			20
Adjustment for prior years’ estimates to actual		3			35
Income tax expense (benefit)	$	1,704		$	(232	)
Effective tax rate		22.1	%		14.3	%

State income taxes, net of federal income tax effect⁽¹⁾⁽²⁾		187			213

⁽¹⁾ State income taxes were paid to various states and are included in general and administrative expenses in the Consolidated Statement of Operations.

⁽²⁾ State taxes in Florida made up the majority of the tax effect in this category.

The Company has adopted ASU 2023-09 – Improvements to Income Tax Disclosures which requires the Company to disaggregate state income tax expense, net of the federal income tax effect.

The primary difference between the effective tax rate and the federal statutory income tax rate for 2025 resulted from a permanent difference related to meals and entertainment. Another contributing factor to the differences between the effective tax rate and the federal statutory income tax rate was a permanent difference related to dividends-received deduction (“DRD”). 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 primary difference between the effective tax rate and the federal statutory income tax rate for 2024 resulted from a permanent difference related to meals and entertainment. Also contributing to differences between the effective tax rate and the federal statutory income tax rate was the adjustment for prior years’ estimates to actual that are generally updated at the completion of the third quarter of each fiscal year and were $35 in the year ended December 31, 2024. Another contributing factor to the differences between the effective tax rate and the federal statutory income tax rate was a permanent difference related to the DRD. 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.

Deferred tax assets and liabilities at December 31, 2025 and 2024 were comprised of the following:

	2025			2024
Deferred tax assets:
Deferred acquisition costs	$	11,098		$	10,264
Net unrealized investment losses		1,815			3,303
Impaired assets		894			791
Bad debts and other		303			207
Net operating loss		1,503			1,945
Other		37			1,324
Total deferred tax assets		15,650			17,834
Deferred tax liabilities:
Deferred and uncollected premiums	$	(348	)	$	(738	)
Insurance reserves		(258	)		(1,126	)
Total deferred tax liabilities		(606	)		(1,864	)
Net deferred tax asset	$	15,044		$	15,970

The components of income tax expense (benefit) were:

	Year Ended December 31
	2025			2024
Federal
Current U.S. income tax expense	$	2,109		$	1,124
Deferred U.S. income tax expense (benefit)		(405	)		(1,356	)
	$	1,704		$	(232	)

The Company has formal tax-sharing agreements, and files a consolidated income tax return, with its subsidiaries. Tax years 2022, 2023 and 2024 are considered open tax years that remain subject to examination by the Internal Revenue Service.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Reinsurance (Tables)

12 Months Ended

Dec. 31, 2025

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:

	For the Year Ended Dec 31, 2025
	American Southern			Bankers Fidelity			Total
Direct premiums written	$	54,146		$	177,947		$	232,093
Assumed premiums written		42,453			-			42,453
Ceded premiums written		(6,165	)		(68,234	)		(74,399	)
Net premiums written		90,434			109,713			200,147

Direct premiums earned		54,268			179,872			234,140
Assumed premiums earned		36,401			-			36,401
Ceded premiums earned		(6,165	)		(68,234	)		(74,399	)
Net premiums earned		84,504			111,638			196,142

Provision for benefits and losses incurred		69,390			107,904			177,294
Reinsurance loss recoveries		(4,136	)		(40,483	)		(44,619	)
Insurance benefits and losses incurred	$	65,254		$	67,421		$	132,675	(1)

⁽¹⁾ This line is net of LFPB remeasurement gain of $4,866 for 2025.

	For the Year Ended Dec 31, 2024
				(Restated)
	American			Bankers
	Southern			Fidelity			Total
Direct premiums written	$	45,837		$	164,469		$	210,306
Assumed premiums written		27,834			-			27,834
Ceded premiums written		(5,979	)		(53,236	)		(59,215	)
Net premiums written		67,692			111,233			178,925

Direct premiums earned		46,149			164,135			210,284
Assumed premiums earned		27,519			-			27,519
Ceded premiums earned		(5,979	)		(53,236	)		(59,215	)
Net premiums earned		67,689			110,899			178,588

Provision for benefits and losses incurred		58,024			103,272			161,296
Reinsurance loss recoveries		(2,257	)		(37,295	)		(39,552	)
Insurance benefits and losses incurred	$	55,767		$	65,977		$	121,744	(2)

⁽²⁾ This line is net of LFPB remeasurement gain of $2,334 for 2024.

Components of Reinsurance Receivables

Components of reinsurance receivables at December 31, 2025 and 2024 were as follows:

	December 31, 2025
		American Southern		Bankers Fidelity			Total
Recoverable on unpaid losses, net of allowance		$	7,715	$	11,583		$	19,298
Recoverable on unpaid benefits			-		5,309			5,309
Recoverable on paid losses			-		-			-
Ceded benefit reserves			-		(105	)		(105	)
Ceded unearned premiums			-		-			-
Ceded advanced premiums			-		1,037			1,037
Total reinsurance receivables		$	7,715	$	17,824		$	25,539

	December 31, 2024
	American Southern		Bankers Fidelity			Total
Recoverable on unpaid losses, net of allowance	$	8,602	$	8,788		$	17,390
Recoverable on unpaid benefits		-		5,217			5,217
Recoverable on paid losses		-		-			-
Ceded benefit reserves		-		(64	)		(64	)
Ceded unearned premiums		-		-			-
Ceded advanced premiums		-		338			338
Total reinsurance receivables	$	8,602	$	14,279		$	22,881

Reinsurance Concentration


Reinsurance Concentration	2025		2024
General Re	25,539		22,881
General Re percentage	99.8	%	99.8	%

Investments - Proceeds from Sales of Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Fixed Maturity Securities [Member]
Investments [Abstract]
Sales proceeds	$ 13,447	$ 0
Gross gains	186	0
Gross losses	178	0
Equity Securities [Member]
Investments [Abstract]
Sales proceeds	0	2,510
Gross gains	0	1,193
Gross losses	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Investments (Details)	12 Months Ended
Investments (Details)	Dec. 31, 2025 USD ($) Security	Dec. 31, 2024 USD ($) Security
Investments [Abstract]
Number of securities in unrealized loss position (in Security) \| Security	210	213
Impairment loss	$ 488,000	$ 0
Allowance for expected credit losses on available-for-sale fixed maturities	0	0
Proceeds from the sale of equity securities	$ 0	$ 0
Percentage of investment grade securities in bond portfolio	99.00%	99.00%
Carrying amount of interest	$ 6,037,000	$ 6,616,000
Investment in unconsolidated trusts	1,238,000	1,238,000
Bonds [Member]
Investments [Abstract]
Assets held with insurance regulatory authorities	15,376,000	15,065,000
Cash and Cash Equivalents [Member]
Investments [Abstract]
Assets held with insurance regulatory authorities	0	226,000
Fixed Maturity Securities [Member]
Investments [Abstract]
Impairment loss	488,000	0
Charge to realized investment losses	488,000
Other Invested Assets [Member] \| VIE, Not Primary Beneficiary [Member]
Investments [Abstract]
Carrying amount of interest	6,037,000	6,616,000
Investment in unconsolidated trusts	1,238,000	1,238,000
Maximum loss exposure	7,275,000	7,854,000
Outstanding commitments	2,200,000	2,200,000
FHLB Advances [Member] \| Bonds Pledged as Collateral [Member]
Investments [Abstract]
Amortized cost pledged as collateral to FHLB	$ 8,861,000	$ 9,209,000

Leases - Maturities and Present Value of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Leases [Abstract]
2026	$ 1,113
2027	693
2028	673
2029	645
2030	719
Thereafter	2,876
Total undiscounted lease payments	6,719
Less: present value adjustment	2,023
Operating lease liability included in accounts payable and accrued expenses on the consolidated balance sheet	$ 4,696
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts payable and accrued expenses

Investments - Investment Income Earned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Investments [Abstract]
Investment income	$ 10,531	$ 10,046
Investment expenses	265	255
Net investment income	10,266	9,791
Fixed Maturity Securities [Member]
Investments [Abstract]
Investment income	9,802	9,520
Equity Securities [Member]
Investments [Abstract]
Investment income	335	335
Other [Member]
Investments [Abstract]
Investment income	$ 394	$ 191

- Definition

Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Summary of Significant Accounting Policies - Previously Reported Financial Statement Tables (Details) - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

ASSETS

Insurance premiums and other

$ 26,956

$ 21,878

Reinsurance recoverables

25,539

22,881

$ 23,953

Deferred income taxes, net

15,044

15,970

Deferred acquisition costs

42,318

^[1]

41,244

^[1]

40,556

Other assets

12,398

11,826

Total assets

433,937

382,039

378,534

LIABILITIES AND SHAREHOLDERS’ EQUITY

Accounts payable and accrued expenses

33,525

28,025

Future policy benefits

84,719

76,881

86,718

Unearned premiums

34,737

28,845

28,850

Other policy liabilities

7,573

6,249

5,931

Total insurance reserves and policyholder funds

240,865

205,682

Total liabilities

313,149

271,468

Shareholders’ equity:

Retained earnings

48,709

43,499

45,699

Accumulated other comprehensive loss

(390)

(5,399)

(9,739)

Total shareholders’ equity

120,788

110,571

106,067

Total liabilities and shareholders’ equity

433,937

382,039

378,534

Revenue:

Insurance premiums, net

196,142

178,588

Total revenue

210,440

188,082

Benefits and expenses:

Insurance benefits and losses incurred

137,541

124,078

Future policy benefits remeasurement (gain) loss

(4,866)

(2,334)

Commissions and underwriting expenses

50,473

48,333

Total benefits and expenses

202,719

189,707

Loss before income taxes

7,721

(1,625)

Income tax benefit

1,704

(232)

Net loss

6,017

(1,393)

Net loss applicable to common shareholders

$ 5,618

$ (1,792)

Earnings (loss) per common share (basic) (in Dollars per share)

$ 0.28

$ (0.09)

Earnings (loss) per common share (diluted) (in Dollars per share)

$ 0.28

$ (0.09)

Other comprehensive gain (loss):

Future policy benefit discount rate remeasurement gain (loss)

$ (1,233)

$ 8,774

Subtotal

6,340

5,494

Related income tax effect

(1,154)

Subtotal

(1,154)

Total other comprehensive income, net of tax

5,009

4,340

Total comprehensive income

11,026

2,947

Balance, beginning of year

110,571

106,067

Other comprehensive income (loss), net of tax

5,009

4,340

Balance, end of year

120,788

110,571

Total shareholders’ equity

120,788

110,571

106,067

Cash flows from operating activities:

Net loss

6,017

(1,393)

Adjustments to reconcile net income to net cash provided by operating activities:

Amortization of deferred acquisition costs

18,858

18,551

Acquisition costs deferred

(19,932)

(19,239)

Benefit provision for credit losses

(27)

(4)

Deferred income tax benefit

(405)

(3,290)

Increase in receivables, net

(7,709)

2,888

Increase in insurance reserves and policyholder funds

33,950

5,480

(Decrease) increase in accounts payable and accrued expenses

5,500

3,215

Net cash provided by operating activities

32,874

4,800

As Previously Reported [Member]

ASSETS

Insurance premiums and other

27,458

23,690

Deferred income taxes, net

18,118

15,682

Total assets

393,428

381,265

LIABILITIES AND SHAREHOLDERS’ EQUITY

Accounts payable and accrued expenses

30,948

24,811

Total liabilities

293,815

273,990

Shareholders’ equity:

Retained earnings

45,854

50,929

Total shareholders’ equity

99,613

107,275

Total liabilities and shareholders’ equity

393,428

381,265

Revenue:

Insurance premiums, net

178,731

Total revenue

188,227

Benefits and expenses:

Loss before income taxes

(5,264)

Income tax benefit

(996)

Net loss

(4,268)

Net loss applicable to common shareholders

$ (4,667)

Earnings (loss) per common share (basic) (in Dollars per share)

$ (0.23)

Earnings (loss) per common share (diluted) (in Dollars per share)

$ (0.23)

Other comprehensive gain (loss):

Subtotal

$ (3,280)

Related income tax effect

689

Subtotal

689

Total other comprehensive income, net of tax

(2,591)

Total comprehensive income

(6,859)

Balance, beginning of year

99,613

107,275

Other comprehensive income (loss), net of tax

(2,591)

Balance, end of year

99,613

Total shareholders’ equity

99,613

107,275

Cash flows from operating activities:

Net loss

(4,268)

Adjustments to reconcile net income to net cash provided by operating activities:

Deferred income tax benefit

(1,747)

Increase in receivables, net

(5,581)

(Decrease) increase in accounts payable and accrued expenses

6,137

Net cash provided by operating activities

4,800

Revision Impacts [Member]

ASSETS

Insurance premiums and other

(5,580)

(3,457)

Deferred income taxes, net

1,172

726

Deferred acquisition costs

(3,300)

Total assets

(4,408)

(2,731)

LIABILITIES AND SHAREHOLDERS’ EQUITY

Accounts payable and accrued expenses

(2,923)

(1,523)

Future policy benefits

(1,300)

Total liabilities

(2,923)

(1,523)

Shareholders’ equity:

Retained earnings

(1,576)

(1,485)

(1,208)

Total shareholders’ equity

(1,485)

(1,208)

Total liabilities and shareholders’ equity

(4,408)

(2,731)

Revenue:

Insurance premiums, net

(351)

Total revenue

(351)

Benefits and expenses:

Loss before income taxes

(351)

Income tax benefit

(74)

Net loss

(277)

Net loss applicable to common shareholders

$ (277)

Earnings (loss) per common share (basic) (in Dollars per share)

$ (0.02)

Earnings (loss) per common share (diluted) (in Dollars per share)

$ (0.02)

Other comprehensive gain (loss):

Future policy benefit discount rate remeasurement gain (loss)

$ 0

Total other comprehensive income, net of tax

Total comprehensive income

(277)

Balance, beginning of year

(1,485)

(1,208)

Other comprehensive income (loss), net of tax

Balance, end of year

(1,485)

Total shareholders’ equity

(1,485)

(1,208)

Cash flows from operating activities:

Net loss

(277)

Adjustments to reconcile net income to net cash provided by operating activities:

Deferred income tax benefit

(2,380)

Increase in receivables, net

5,580

(Decrease) increase in accounts payable and accrued expenses

(2,922)

Net cash provided by operating activities

As Revised [Member]

ASSETS

Insurance premiums and other

21,878

20,233

Reinsurance recoverables

22,942

21,103

Deferred income taxes, net

19,290

16,408

Deferred acquisition costs

44,842

43,850

Other assets

11,828

Total assets

389,020

378,534

LIABILITIES AND SHAREHOLDERS’ EQUITY

Accounts payable and accrued expenses

28,025

23,288

Future policy benefits

98,464

92,495

Unearned premiums

31,178

31,317

Other policy liabilities

1,757

1,132

Total insurance reserves and policyholder funds

225,106

Total liabilities

290,892

272,467

Shareholders’ equity:

Retained earnings

44,369

49,721

Accumulated other comprehensive loss

(18,712)

(16,121)

Total shareholders’ equity

98,128

106,067

Total liabilities and shareholders’ equity

389,020

378,534

Revenue:

Insurance premiums, net

178,380

Total revenue

187,876

Benefits and expenses:

Insurance benefits and losses incurred

125,831

Commissions and underwriting expenses

48,030

Total benefits and expenses

193,491

Loss before income taxes

(5,615)

Income tax benefit

(1,070)

Net loss

(4,545)

Net loss applicable to common shareholders

$ (4,944)

Earnings (loss) per common share (basic) (in Dollars per share)

$ (0.25)

Earnings (loss) per common share (diluted) (in Dollars per share)

$ (0.25)

Other comprehensive gain (loss):

Subtotal

$ (3,280)

Related income tax effect

689

Subtotal

689

Total other comprehensive income, net of tax

(2,591)

Total comprehensive income

(7,136)

Balance, beginning of year

98,128

106,067

Other comprehensive income (loss), net of tax

(2,591)

Balance, end of year

98,128

Total shareholders’ equity

98,128

106,067

Cash flows from operating activities:

Net loss

(4,545)

Adjustments to reconcile net income to net cash provided by operating activities:

Amortization of deferred acquisition costs

16,645

Acquisition costs deferred

(17,637)

Benefit provision for credit losses

(26)

Deferred income tax benefit

(4,127)

Increase in receivables, net

(1)

Increase in insurance reserves and policyholder funds

12,684

(Decrease) increase in accounts payable and accrued expenses

3,215

Net cash provided by operating activities

4,800

LDTI Adoption Impacts [Member]

ASSETS

Reinsurance recoverables

(61)

Deferred income taxes, net

(3,320)

Deferred acquisition costs

(3,598)

Other assets

(2)

Total assets

(6,981)

(2,731)

LIABILITIES AND SHAREHOLDERS’ EQUITY

Future policy benefits

(21,583)

Unearned premiums

(2,333)

Other policy liabilities

4,492

Total insurance reserves and policyholder funds

(19,424)

Total liabilities

(19,424)

Shareholders’ equity:

Retained earnings

(870)

Accumulated other comprehensive loss

13,313

Total shareholders’ equity

12,443

(1,208)

Total liabilities and shareholders’ equity

(6,981)

(2,731)

Revenue:

Insurance premiums, net

^[2]

(208)

Total revenue

206

Benefits and expenses:

Insurance benefits and losses incurred

(1,753)

Future policy benefits remeasurement (gain) loss

(2,334)

Commissions and underwriting expenses

303

Total benefits and expenses

(3,784)

Loss before income taxes

3,990

Income tax benefit

838

Net loss

3,152

Net loss applicable to common shareholders

$ 3,152

Earnings (loss) per common share (basic) (in Dollars per share)

$ 0.16

Earnings (loss) per common share (diluted) (in Dollars per share)

$ 0.16

Other comprehensive gain (loss):

Future policy benefit discount rate remeasurement gain (loss)

$ 8,774

Subtotal

8,774

Related income tax effect

(1,843)

Subtotal

(1,843)

Total other comprehensive income, net of tax

6,931

Total comprehensive income

10,083

Balance, beginning of year

12,443

(1,208)

Other comprehensive income (loss), net of tax

6,931

Balance, end of year

12,443

Total shareholders’ equity

12,443

(1,208)

Cash flows from operating activities:

Net loss

3,152

Adjustments to reconcile net income to net cash provided by operating activities:

Amortization of deferred acquisition costs

1,906

Acquisition costs deferred

(1,602)

Benefit provision for credit losses

Deferred income tax benefit

837

Increase in receivables, net

2,889

Increase in insurance reserves and policyholder funds

(7,204)

Net cash provided by operating activities

Retained Earnings [Member]

Shareholders’ equity:

Total shareholders’ equity

48,709

43,499

$ 45,699

Benefits and expenses:

Net loss

6,017

(1,393)

Other comprehensive gain (loss):

Balance, beginning of year

43,499

Balance, end of year

48,709

43,499

Total shareholders’ equity

48,709

43,499

45,699

Cash flows from operating activities:

Net loss

6,017

(1,393)

Retained Earnings [Member] | As Previously Reported [Member]

Shareholders’ equity:

Total shareholders’ equity

45,854

50,929

Benefits and expenses:

Net loss

(4,268)

Other comprehensive gain (loss):

Balance, beginning of year

45,854

Balance, end of year

45,854

Total shareholders’ equity

45,854

50,929

Cash flows from operating activities:

Net loss

(4,268)

Retained Earnings [Member] | Revision Impacts [Member]

Shareholders’ equity:

Total shareholders’ equity

(1,485)

(1,208)

Benefits and expenses:

Net loss

(277)

Other comprehensive gain (loss):

Balance, beginning of year

(1,485)

Balance, end of year

(1,485)

Total shareholders’ equity

(1,485)

(1,208)

Cash flows from operating activities:

Net loss

(277)

Retained Earnings [Member] | As Revised [Member]

Shareholders’ equity:

Total shareholders’ equity

44,369

49,721

Benefits and expenses:

Net loss

(4,545)

Other comprehensive gain (loss):

Balance, beginning of year

44,369

49,721

Balance, end of year

44,369

Total shareholders’ equity

44,369

49,721

Cash flows from operating activities:

Net loss

(4,545)

Retained Earnings [Member] | LDTI Adoption Impacts [Member]

Shareholders’ equity:

Total shareholders’ equity

(870)

(4,022)

Benefits and expenses:

Net loss

3,152

Other comprehensive gain (loss):

Balance, beginning of year

(870)

Balance, end of year

(870)

Total shareholders’ equity

(870)

$ (4,022)

Cash flows from operating activities:

Net loss

3,152

Accumulated Other Comprehensive Loss [Member]

Shareholders’ equity:

Total shareholders’ equity

(390)

(5,399)

(9,739)

Other comprehensive gain (loss):

Total other comprehensive income, net of tax

5,009

4,340

Balance, beginning of year

(5,399)

(9,739)

Other comprehensive income (loss), net of tax

5,009

4,340

Balance, end of year

(390)

(5,399)

Total shareholders’ equity

(390)

(5,399)

(9,739)

Accumulated Other Comprehensive Loss [Member] | As Revised [Member]

Shareholders’ equity:

Total shareholders’ equity

(18,712)

(16,121)

Other comprehensive gain (loss):

Total other comprehensive income, net of tax

(2,591)

Balance, beginning of year

(18,712)

(16,121)

Other comprehensive income (loss), net of tax

(2,591)

Balance, end of year

(18,712)

Total shareholders’ equity

(18,712)

(16,121)

Accumulated Other Comprehensive Loss [Member] | LDTI Adoption Impacts [Member]

Shareholders’ equity:

Total shareholders’ equity

13,313

6,382

Other comprehensive gain (loss):

Total other comprehensive income, net of tax

6,931

Balance, beginning of year

$ 13,313

6,382

Other comprehensive income (loss), net of tax

6,931

Balance, end of year

13,313

Total shareholders’ equity

$ 13,313

$ 6,382

[1]	DAC is associated with the following product lines: American Southern products include automobile liability, general liability, inland marine, automobile physical damage, and surety; and Bankers Fidelity products include individual life, group whole life, Medicare Supplement, and individual and group accident and health products.
[2]	Related to reclassification of group accident and health from long duration to short duration

Reinsurance

12 Months Ended

Dec. 31, 2025

Reinsurance [Abstract]

Reinsurance

Note 9. 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 99.8% of the Company’s reinsurance recoverables were due from a single reinsurer as of December 31, 2025. Reinsurance recoverables of $25,539 were due from General Re 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.

Property and Casualty Operations

American Southern’s basic reinsurance treaties generally cover all claims in excess of specified per occurrence limitations. Limits per occurrence within the reinsurance treaties are as follows: Inland marine and commercial automobile physical damage - $225,000 excess of $125,000 retention; and automobile liability and general liability - excess coverage of $2,000 less retentions that may vary from $100,000 to $700,000 depending on the account. American Southern maintains a property catastrophe treaty with a $5,500 limit excess of $500,000 retention.

Life and Health Operations

Bankers Fidelity has entered into reinsurance contracts ceding the excess of its life retention. The maximum retention by Bankers Fidelity on any one individual life insurance policyholder is $200. As of December 31, 2025, $5,700 of the $1,040,300 of life insurance in force at Bankers Fidelity was reinsured under a combination of coinsurance and yearly renewable term agreements. Certain prior year reinsurance agreements also remain in force although they no longer provide reinsurance for new business.

Bankers Fidelity has also entered into a reinsurance contract ceding excess new Medicare Supplement business to General Re Life Corporation. Ceding thresholds are set annually. During 2025, the liability of the reinsurer was 71% of all new Medicare Supplement business issued by the Company. This percentage is calculated based on a cession percentage of 50% on amounts of new business of up to $30,000 of annualized premium, and 100% of all new Medicare Supplement business in excess of $30,000 of annualized premium. Accordingly, $36,900 of the Company’s $51,900 of new annualized Medicare Supplement premium was ceded.

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

	For the Year Ended Dec 31, 2025
	American Southern			Bankers Fidelity			Total
Direct premiums written	$	54,146		$	177,947		$	232,093
Assumed premiums written		42,453			-			42,453
Ceded premiums written		(6,165	)		(68,234	)		(74,399	)
Net premiums written		90,434			109,713			200,147

Direct premiums earned		54,268			179,872			234,140
Assumed premiums earned		36,401			-			36,401
Ceded premiums earned		(6,165	)		(68,234	)		(74,399	)
Net premiums earned		84,504			111,638			196,142

Provision for benefits and losses incurred		69,390			107,904			177,294
Reinsurance loss recoveries		(4,136	)		(40,483	)		(44,619	)
Insurance benefits and losses incurred	$	65,254		$	67,421		$	132,675	(1)

⁽¹⁾ This line is net of LFPB remeasurement gain of $4,866 for 2025.

	For the Year Ended Dec 31, 2024
				(Restated)
	American			Bankers
	Southern			Fidelity			Total
Direct premiums written	$	45,837		$	164,469		$	210,306
Assumed premiums written		27,834			-			27,834
Ceded premiums written		(5,979	)		(53,236	)		(59,215	)
Net premiums written		67,692			111,233			178,925

Direct premiums earned		46,149			164,135			210,284
Assumed premiums earned		27,519			-			27,519
Ceded premiums earned		(5,979	)		(53,236	)		(59,215	)
Net premiums earned		67,689			110,899			178,588

Provision for benefits and losses incurred		58,024			103,272			161,296
Reinsurance loss recoveries		(2,257	)		(37,295	)		(39,552	)
Insurance benefits and losses incurred	$	55,767		$	65,977		$	121,744	(2)

⁽²⁾ This line is net of LFPB remeasurement gain of $2,334 for 2024.

Components of reinsurance receivables at December 31, 2025 and 2024 were as follows:

	December 31, 2025
		American Southern		Bankers Fidelity			Total
Recoverable on unpaid losses, net of allowance		$	7,715	$	11,583		$	19,298
Recoverable on unpaid benefits			-		5,309			5,309
Recoverable on paid losses			-		-			-
Ceded benefit reserves			-		(105	)		(105	)
Ceded unearned premiums			-		-			-
Ceded advanced premiums			-		1,037			1,037
Total reinsurance receivables		$	7,715	$	17,824		$	25,539

	December 31, 2024
	American Southern		Bankers Fidelity			Total
Recoverable on unpaid losses, net of allowance	$	8,602	$	8,788		$	17,390
Recoverable on unpaid benefits		-		5,217			5,217
Recoverable on paid losses		-		-			-
Ceded benefit reserves		-		(64	)		(64	)
Ceded unearned premiums		-		-			-
Ceded advanced premiums		-		338			338
Total reinsurance receivables	$	8,602	$	14,279		$	22,881


Reinsurance Concentration	2025		2024
General Re	25,539		22,881
General Re percentage	99.8	%	99.8	%

Reinsurance - Reinsurance Concentration (Details) - General Re Life Corporation [Member] - Reinsurer Concentration Risk [Member] - Reinsurance Recoverable [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Reinsurance [Abstract]
General Re	$ 25,539	$ 22,881
General Re percentage	99.80%	99.80%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2025	Oct. 01, 2026	Jun. 30, 2025
Document Information Line Items
Entity Central Index Key	0000008177
Document Type	10-K/A
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2025
Document Fiscal Year Focus	2025
Document Transition Report	false
Entity File Number	0-3722
Entity Registrant Name	ATLANTIC AMERICAN CORPORATION
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-1027114
Entity Address, Address Line One	4370 Peachtree Road, N.E.
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30319
City Area Code	404
Local Phone Number	266-5500
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	AAME
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true
Entity Shell Company	false
Entity Public Float			$ 8,591,319
Entity Common Stock, Shares Outstanding		20,397,228
Auditor Name	Forvis Mazars, LLP
Auditor Location	Atlanta, Georgia
Auditor Firm ID	686
Amendment Flag	false
Document Fiscal Period Focus	FY

Leases (Details) $ in Thousands	12 Months Ended
Leases (Details) $ in Thousands	Dec. 31, 2025 USD ($) Lease	Dec. 31, 2024 USD ($)
Leases [Abstract]
Number of operating lease agreements (in Lease) \| Lease	3
Lease expense (in Dollars) \| $	$ 1,186	$ 1,014
Second Lease [Member]
Leases [Abstract]
Lease term	10 years
Renewal option period	7 years
Third Lease [Member]
Leases [Abstract]
Lease term	3 years
Renewal option period	3 years

Statutory Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Statutory Reporting [Abstract]

Reported Statutory Net Income and Capital and Surplus for the Parent's Insurance Subsidiaries

The Company meets the minimum capital requirements in the states in which it does business. The amount of reported statutory net income and capital and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries as filed in the annual statements with the state insurance departments for the years ended December 31, 2025 and 2024 was as follows:

	2025		2024

Bankers Fidelity, net income	$	6,946	$	1,359
American Southern, net income		3,814		1,442
Statutory net income	$	10,760	$	2,801

Bankers Fidelity, capital and surplus	$	34,393	$	32,443
American Southern, capital and surplus		48,688		47,670
Statutory capital and surplus	$	83,081	$	80,113

- 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

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

Note 12. Leases

The Company has three operating lease agreements, each for the use of office space in the ordinary course of business. The original term of the first lease was to automatically renew on an annual basis and was amended on December 26, 2024, when the Company and its subsidiary, Bankers Fidelity Life Insurance Company, entered into a Second Amendment to the Lease Agreement (the “Second Amendment”) with 4370 Peachtree LLC. The Second Amendment amends the Lease Agreement, dated November 1, 2007, by and among the same parties (as previously amended, the “Lease Agreement”), pursuant to which the Company leases space for its principal offices and for some of its insurance operations in an office building located in Atlanta, Georgia. Pursuant to the Second Amendment, the Lease Agreement was modified to increase the base rent payable by the Company, beginning January 1, 2025. The Second Amendment also provides for rent adjustment on January 1, 2027, January 1, 2030 and each five years thereafter.

The original term of the second lease was ten years and amended in January 2017 to provide for an additional seven years, with a termination date on September 30, 2026. The second lease was amended on April 2, 2026 to extend the lease, commencing on October 1, 2026 and expiring on July 31, 2037. The rate used in determining the present value of lease payments is based upon an estimate of the Company’s incremental secured borrowing rate commensurate with the term of the underlying lease.

The original term of the third lease was three years and renewed for an additional three years, effective August 1, 2025 with a termination date on July 31, 2028. The rate used in determining the present value of lease payments is based upon an estimate of the Company’s incremental secured borrowing rate commensurate with the term of the underlying lease.

These leases are accounted for as operating leases, whereby lease expense is recognized on a straight-line basis over the term of the lease. Lease expense reported for each of the years ended December 31, 2025 and 2024 was $1,186 and $1,014.

Additional information regarding the Company’s real estate operating leases is as follows:

	Year Ended December 31, 2025			Year Ended December 31, 2024
Other information on operating leases:
Cash payments included in the measurement of lease liabilities reported in operating cash flows	$	1,254		$	1,065
Right-of-use assets included in other assets on the consolidated balance sheet		4,632			5,225
Weighted average discount rate		7.9	%		6.8	%
Weighted average remaining lease term in years	6.7 years			7.9 years

The following table presents maturities and present value of the Company’s lease liabilities:

	Lease Liability
2026	$	1,113
2027		693
2028		673
2029		645
2030		719
Thereafter		2,876
Total undiscounted lease payments		6,719
Less: present value adjustment		2,023
Operating lease liability included in accounts payable and accrued expenses on the consolidated balance sheet	$	4,696

Other Insurance Reserves and Policyholder Funds - Information About Incurred and Paid Claims Development, Automobile Physical Damage (Details) - Automobile Physical Damage [Member] $ in Thousands	Dec. 31, 2025 USD ($) Claim	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 47,934
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	45,091
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance	2,843
Accident Year 2021 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	13,323	$ 13,329	$ 13,305	$ 13,385	$ 14,296
IBNR Reserves	$ 1
Cumulative number of reported claims (in Claim) \| Claim	1,914
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 13,315	13,302	13,257	13,277	$ 11,993
Accident Year 2022 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	10,574	10,564	10,648	10,962
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	1,777
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 10,573	10,528	10,368	$ 8,475
Accident Year 2023 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	6,301	6,485	6,460
IBNR Reserves	$ 3
Cumulative number of reported claims (in Claim) \| Claim	1,599
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 6,263	6,340	$ 5,397
Accident Year 2024 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	8,029	7,418
IBNR Reserves	$ 12
Cumulative number of reported claims (in Claim) \| Claim	1,679
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 7,885	$ 5,864
Accident Year 2025 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	9,707
IBNR Reserves	$ 247
Cumulative number of reported claims (in Claim) \| Claim	1,538
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 7,055

Summary of Significant Accounting Policies (Details)

12 Months Ended

Dec. 31, 2025

USD ($)

Segment

$ / shares

Dec. 31, 2024

USD ($)

$ / shares

Dec. 31, 2023

USD ($)

Summary of Significant Accounting Policies [Abstract]

Number of business units (in Segment) | Segment

Impairment of intangible assets

$ 0

Investment-contract liability

4,600,000

Insurance premiums and other receivables

26,956,000

$ 21,878,000

Deferred income tax, net

15,044,000

15,970,000

Accounts payable and accrued expenses

33,525,000

28,025,000

Retained earnings

48,709,000

43,499,000

$ 45,699,000

Income (loss) before income taxes

7,721,000

(1,625,000)

Net loss

6,017,000

(1,393,000)

Income tax benefit

$ 1,704,000

$ (232,000)

Earnings per common share, basic (in Dollars per share) | $ / shares

$ 0.28

$ (0.09)

Earnings per common share, diluted (in Dollars per share) | $ / shares

$ 0.28

$ (0.09)

Future policy benefits

$ 84,719,000

$ 76,881,000

86,718,000

Deferred policy acquisition costs

42,318,000

^[1]

41,244,000

^[1]

40,556,000

Restatement Impacts [Member]

Summary of Significant Accounting Policies [Abstract]

Insurance premiums and other receivables

(5,580,000)

Deferred income tax, net

1,172,000

Accounts payable and accrued expenses

(2,923,000)

Retained earnings

(1,485,000)

Income (loss) before income taxes

(351,000)

Net loss

(277,000)

Income tax benefit

$ (74)

Earnings per common share, basic (in Dollars per share) | $ / shares

$ (0.02)

Earnings per common share, diluted (in Dollars per share) | $ / shares

$ (0.02)

LDTI Adjustment Impacts [Member]

Summary of Significant Accounting Policies [Abstract]

Insurance premiums and other receivables

$ (5,580,000)

(3,457,000)

Deferred income tax, net

1,172,000

726,000

Accounts payable and accrued expenses

(2,923,000)

(1,523,000)

Retained earnings

(1,576,000)

(1,485,000)

$ (1,208,000)

Income (loss) before income taxes

(351,000)

Net loss

(277,000)

Income tax benefit

$ (74,000)

Earnings per common share, basic (in Dollars per share) | $ / shares

$ (0.02)

Earnings per common share, diluted (in Dollars per share) | $ / shares

$ (0.02)

Future policy benefits

(1,300,000)

Deferred policy acquisition costs

$ (3,300,000)

[1]

Statutory Reporting

12 Months Ended

Dec. 31, 2025

Statutory Reporting [Abstract]

Statutory Reporting

Note 16. 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) carrying value of certain investments differ on a GAAP versus SAP basis, such as fixed maturity securities that are shown at amortized cost for SAP versus fair value for GAAP; (ii) certain assets that are non-admitted assets are eliminated from the balance sheet; (iii) acquisition costs for policies are expensed as incurred, while they are deferred and amortized over the estimated life of the policies under GAAP; (iv) the provision that is made for deferred income taxes is different than under GAAP; (v) the timing and methodology of establishing certain reserves is different than under GAAP; (vi) reinsurance is shown net on balance sheet for SAP; and (vii) certain valuation allowances attributable to certain investments are required under SAP such as asset valuation reserve and interest maintenance reserve.

	2025		2024

Bankers Fidelity, net income	$	6,946	$	1,359
American Southern, net income		3,814		1,442
Statutory net income	$	10,760	$	2,801

Bankers Fidelity, capital and surplus	$	34,393	$	32,443
American Southern, capital and surplus		48,688		47,670
Statutory capital and surplus	$	83,081	$	80,113

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 $8,400 and $9,000 in the years ended 2025 and 2024, respectively, from its subsidiaries. In 2026, dividend payments to the Parent by the insurance subsidiaries in excess of $8,058 would require prior approval.

Future Policy Benefits (Tables)

12 Months Ended

Dec. 31, 2025

Future Policy Benefits [Abstract]

Liability for Future Policy Benefits, Net

The following table sets forth the liability for future policy benefits as of December 31, 2025 and 2024:

	2025			2024
(Dollar amounts in thousands)				(Restated)
Individual life	$	42,411		$	43,477
Group life		11,254			5,483
Medicare Supplement		9,617			8,478
Other individual health		21,437			19,443
Net liability for future policy benefits		84,719			76,881
Less: reinsurance recoverable		(5,309	)		(5,217	)
Net liability for future policy benefits, net of reinsurance recoverable	$	79,410		$	71,664

Balances of and Changes in the Liability for Future Policy Benefits

The following table presents the balances of and changes in the liability for future policy benefits as of and for the year ended December 31, 2025:

	2025
(Dollar amounts in thousands)	Individual Life			Group Life			Medicare Supplement			Other Individual Health			Total
Present value of expected net premiums:
Beginning balance as of January 1	$	18,698		$	60,665		$	749,267		$	28,888		$	857,518
Beginning balance, at original discount rate		19,313			67,017			835,891			31,290			953,511
Effect of changes in cash flow assumptions		15			(2,046	)		(17,467	)		-			(19,498	)
Effect of actual variances from expected experience		(35	)		(9,613	)		18,362			(1,692	)		7,022
Adjusted beginning balance		19,293			55,358			836,786			29,598			941,035
Issuances		785			15,092			313,351			8,407			337,635
Interest accretion		919			2,926			34,958			1,259			40,062
Net premiums collected⁽¹⁾		(2,697	)		(6,641	)		(97,008	)		(5,067	)		(111,413	)
Other		(1	)		-			-			(10	)		(11	)
Ending balance, at original discount rate		18,299			66,735			1,088,087			34,187			1,207,308
Effect of changes in discount rate assumptions		(229	)		(3,977	)		(60,414	)		(1,364	)		(65,984	)
Ending balance as of December 31,	$	18,070		$	62,758		$	1,027,673		$	32,823		$	1,141,324

Present value of expected future policy benefits:
Beginning balance as of January 1	$	62,175		$	66,148		$	757,649		$	48,331			934,303
Beginning balance, at original discount rate		63,964			84,798			842,118			55,055			1,045,935
Effect of changes in cash flow assumptions		21			(2,138	)		(19,947	)		(2	)		(22,066	)
Effect of actual variances from expected experience		171			(9,834	)		17,130			(2,743	)		4,724
Adjusted beginning balance		64,156			72,826			839,301			52,310			1,028,593
Issuances		784			15,101			313,018			8,300			337,203
Interest accretion		3,167			3,843			36,102			2,175			45,287
Benefit payments		(6,558	)		(2,003	)		(88,477	)		(2,520	)		(99,558	)
Other		(436	)		(195	)		(2,875	)		(1,028	)		(4,534	)
Ending balance, at original discount rate		61,113			89,572			1,097,069			59,237			1,306,991
Effect of changes in discount rate assumptions		(632	)		(15,560	)		(60,367	)		(4,977	)		(81,536	)
Ending balance as of December 31,	$	60,481		$	74,012		$	1,036,702		$	54,260		$	1,225,455
Net liability for future policy benefits, before flooring adjustments		42,411			11,254			9,029			21,437			84,131
Flooring adjustments⁽²⁾		-			-			588			-			588
Net liability for future policy benefits		42,411			11,254			9,617			21,437			84,719
Less: reinsurance recoverable		(47	)		-			(5,262	)		-			(5,309	)
Net liability for future policy benefits, net of reinsurance recoverable	$	42,364		$	11,254		$	4,355		$	21,437		$	79,410
Weighted average liability duration (years)		8.7			16.2			6.5			7.9

⁽¹⁾	Net premiums represent the portion of gross premiums collected from policyholders that is necessary to fund expected benefit payments.

⁽²⁾

The following table presents the balances of and changes in the liability for future policy benefits as of and for the year ended December 31, 2024.

	2024
	(Restated)
(Dollar amounts in thousands)	Individual Life			Group Life			Medicare Supplement			Other Individual Health			Total
Present value of expected net premiums:
Beginning balance as of January 1	$	19,626		$	52,337		$	769,715		$	26,734		$	868,412
Beginning balance, at original discount rate		19,429			56,900			838,249			29,115			943,693
Effect of changes in cash flow assumptions		(2	)		(1,729	)		(17,867	)		-			(19,598	)
Effect of actual variances from expected experience		744			(5,838	)		21,955			(3,094	)		13,767
Adjusted beginning balance		20,171			49,333			842,337			26,021			937,862
Issuances		883			21,609			50,374			8,589			81,455
Interest accretion		947			2,762			28,816			1,096			33,621
Net premiums collected⁽¹⁾		(2,688	)		(6,688	)		(85,637	)		(4,420	)		(99,433	)
Other		-			1			1			4			6
Ending balance, at original discount rate		19,313			67,017			835,891			31,290			953,511
Effect of changes in discount rate assumptions		(615	)		(6,352	)		(86,624	)		(2,402	)		(95,993	)
Ending balance as of December 31,	$	18,698		$	60,665		$	749,267		$	28,888		$	857,518

Present value of expected future policy benefits:
Beginning balance as of January 1	$	67,902		$	56,767		$	784,912		$	45,549			955,130
Beginning balance, at original discount rate		66,232			69,013			851,128			50,884			1,037,257
Effect of changes in cash flow assumptions		(3	)		(1,749	)		(19,334	)		-			(21,086	)
Effect of actual variances from expected experience		941			(5,886	)		21,730			(4,024	)		12,761
Adjusted beginning balance		67,170			61,378			853,524			46,860			1,028,932
Issuances		885			21,609			50,327			8,662			81,483
Interest accretion		3,304			3,388			29,975			1,913			38,580
Benefit payments		(6,592	)		(1,322	)		(90,961	)		(2,200	)		(101,075	)
Other		(803	)		(255	)		(747	)		(180	)		(1,985	)
Ending balance, at original discount rate		63,964			84,798			842,118			55,055			1,045,935
Effect of changes in discount rate assumptions		(1,789	)		(18,650	)		(84,469	)		(6,724	)		(111,632	)
Ending balance as of December 31,	$	62,175		$	66,148		$	757,649		$	48,331		$	934,303
Net liability for future policy benefits, before flooring adjustments		43,477			5,483			8,382			19,443			76,785
Flooring adjustments⁽²⁾		-			-			96			-			96
Net liability for future policy benefits		43,477			5,483			8,478			19,443			76,881
Less: reinsurance recoverable		(56	)		-			(5,161	)		-			(5,217	)
Net liability for future policy benefits, net of reinsurance recoverable	$	43,421		$	5,483		$	3,317		$	19,443		$	71,664
Weighted average liability duration (years)		8.4			17.2			6.2			8.2

⁽¹⁾	Net premiums represent the portion of gross premiums collected from policyholders that is necessary to fund expected benefit payments

⁽²⁾

Weighted Average Interest Rates

The following table presents the balances of and changes in the liability for future policy benefits as of and for the years ended December 31, 2025 and 2024.

	Year Ended December 31, 2025		Year Ended December 31, 2024
Individual Life
Interest accretion (locked-in) rate	4.9	%	4.5	%
Current discount rate	5.3	%	5.5	%
Group Life
Interest accretion (locked-in) rate	5.0	%	4.6	%
Current discount rate	5.9	%	5.9	%
Medicare Supplement
Interest accretion (locked-in) rate	4.8	%	3.6	%
Current discount rate	6.4	%	6.0	%
Other Individual Health
Interest accretion (locked-in) rate	4.0	%	3.8	%
Current discount rate	5.5	%	5.7	%

Undiscounted and Discounted Future Gross Premiums and Expected Future Benefit Payments

The following table sets forth the amount of undiscounted and discounted expected future gross premiums and expected future benefit payments as December 31, 2025 and 2024.

	2025				2024
(Dollar amounts in thousands)	Undiscounted		Discounted		Undiscounted		Discounted

Individual life
Expected future gross premiums	$	61,771	$	37,820	$	67,906	$	40,068
Expected future benefits payments		115,435		60,481		121,624		62,175
Group Life
Expected future gross premiums		214,892		127,261		202,437		116,517
Expected future benefits payments		237,776		74,012		222,729		66,148
Medicare Supplement
Expected future gross premiums		2,264,574		1,515,989		1,642,269		1,104,499
Expected future benefits payments		1,528,633		1,036,702		1,112,219		757,649
Other Individual Health
Expected future gross premiums		76,730		55,173		66,512		45,630
Expected future benefits payments		84,052		54,260		77,814		48,331

Revenue and Interest Accretion (Expense)

	2025				2024
(Dollar amounts in thousands)	Gross Premiums		Interest Accretion⁽¹⁾		Gross Premiums		Interest Accretion⁽¹⁾

Individual life	$	5,782	$	2,248	$	5,947	$	2,357
Group Life		13,468		918		12,834		626
Medicare Supplement		144,644		1,144		126,726		1,159
Other Individual Health		9,199		916		8,042		816
	$	173,093	$	5,226	$	153,549	$	4,958

⁽¹⁾	Amounts for interest accretion are included in benefits and other changes in policy reserves in the consolidated statement of operations.

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT - STATEMENTS OF OPERATIONS (Details) - Parent Company [Member] - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Revenue

Fee income from subsidiaries

$ 9,694

$ 9,531

Distributed earnings from subsidiaries

8,400

9,000

Unrealized losses on equity securities, net

168

(187)

Other

(164)

(159)

Total revenue

18,098

18,185

General and administrative expenses

16,489

16,073

Interest expense

3,081

3,419

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

(1,472)

(1,307)

Income tax benefit

^[1]

2,805

1,922

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

1,333

615

Equity in undistributed earnings of subsidiaries, net

4,684

(2,008)

Net income (loss)

$ 6,017

$ (1,393)

[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.

Segment Information - Assets, Revenue Income (Loss) Before Income Taxes for Each Business Unit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Information [Abstract]
Insurance premiums, net	$ 196,142	$ 178,588
Insurance benefits and losses incurred	137,541	124,078
Future policy benefit remeasurement gain	(4,866)	(2,334)
Expenses deferred	(19,932)	(19,239)
Amortization and depreciation expense	13,255	15,962
Other expenses	76,721	71,240
Total benefits and expenses	202,719	189,707
Underwriting income (loss)	3,557	(902)
Net investment income (loss)	10,266	9,791
Other income (loss)	12	9
Subtotal	3,701	(1,319)
Net realized gains (losses)	(471)	1,210
Unrealized gains (losses) on equity securities	4,491	(1,516)
Income (loss) before income taxes	7,721	(1,625)
Total revenues	210,440	188,082
Intangibles	2,544	2,544
Total assets	433,937	382,039	$ 378,534
American Southern [Member]
Segment Information [Abstract]
Insurance premiums, net	84,504	67,689
Bankers Fidelity [Member]
Segment Information [Abstract]
Insurance premiums, net	111,638	110,899
Operating Segments [Member] \| American Southern [Member]
Segment Information [Abstract]
Insurance premiums, net	84,504	67,689
Insurance benefits and losses incurred	65,254	55,767
Future policy benefit remeasurement gain	0	0
Expenses deferred	(9,634)	(8,498)
Amortization and depreciation expense	10,108	8,390
Other expenses	18,032	15,673
Total benefits and expenses	83,760	71,332
Underwriting income (loss)	744	(3,643)
Net investment income (loss)	4,357	4,151
Other income (loss)	7	5
Subtotal	5,108	513
Net realized gains (losses)	(475)	666
Unrealized gains (losses) on equity securities	85	(291)
Income (loss) before income taxes	4,718	888
Total revenues	88,478	72,220
Intangibles	1,350	1,350
Total assets	173,673	147,214
Operating Segments [Member] \| Bankers Fidelity [Member]
Segment Information [Abstract]
Insurance premiums, net	111,638	110,899
Insurance benefits and losses incurred	72,287	68,311
Future policy benefit remeasurement gain	(4,866)	(2,334)
Expenses deferred	(10,298)	(10,741)
Amortization and depreciation expense	3,058	7,571
Other expenses	48,644	45,351
Total benefits and expenses	108,825	108,158
Underwriting income (loss)	2,813	2,741
Net investment income (loss)	5,818	5,544
Other income (loss)	3	5
Subtotal	8,634	8,290
Net realized gains (losses)	4	544
Unrealized gains (losses) on equity securities	4,238	(1,039)
Income (loss) before income taxes	12,876	7,795
Total revenues	121,701	115,953
Intangibles	1,194	1,194
Total assets	229,001	202,751
Corporate and Other [Member]
Segment Information [Abstract]
Insurance premiums, net	0	0
Insurance benefits and losses incurred	0	0
Future policy benefit remeasurement gain	0	0
Expenses deferred	0	0
Amortization and depreciation expense	89	1
Other expenses	22,961	23,357
Total benefits and expenses	23,050	23,358
Underwriting income (loss)	0	0
Net investment income (loss)	3,314	3,705
Other income (loss)	9,695	9,531
Subtotal	(10,041)	(10,122)
Net realized gains (losses)	0	0
Unrealized gains (losses) on equity securities	168	(186)
Income (loss) before income taxes	(9,873)	(10,308)
Total revenues	13,177	13,050
Intangibles	0	0
Total assets	164,475	156,964
Adjustments & Eliminations [Member]
Segment Information [Abstract]
Insurance premiums, net	0	0
Insurance benefits and losses incurred	0	0
Future policy benefit remeasurement gain	0	0
Expenses deferred	0	0
Amortization and depreciation expense	0	0
Other expenses	(12,916)	(13,141)
Total benefits and expenses	(12,916)	(13,141)
Underwriting income (loss)	0	0
Net investment income (loss)	(3,223)	(3,609)
Other income (loss)	(9,693)	(9,532)
Subtotal	0	0
Net realized gains (losses)	0	0
Unrealized gains (losses) on equity securities	0	0
Income (loss) before income taxes	0	0
Total revenues	(12,916)	(13,141)
Intangibles	0	0
Total assets	$ (133,212)	$ (124,890)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Allocation of Total Income Taxes

Total income taxes were allocated as follows:

	Year Ended December 31
	2025			2024
Total tax expense (benefit) on income	$	1,704		$	(232	)
Tax expense (benefit) on components of shareholders’ equity:
Unrealized gains and losses on available-for-sale fixed maturity securities, including reclassification adjustments		1,590			(689	)
LDTI future policy benefit discount-rate remeasurement, net of the related reinsurance-recoverable effect		(259	)		1,843
Total tax expense on components of shareholders’ equity		1,331			1,154
Total tax expense	$	3,035		$	922

Reconciliation of Income Tax Expense (Benefit)

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

	Year Ended December 31
	2025			2024
Federal income tax provision at the statutory rate	$	1,621		$	(342	)
Statutory rate		21	%		21	%

Dividends-received deduction		(25	)		(25	)
Meals and entertainment		70			77
Vested stock and club dues		10			3
Parking disallowance		25			20
Adjustment for prior years’ estimates to actual		3			35
Income tax expense (benefit)	$	1,704		$	(232	)
Effective tax rate		22.1	%		14.3	%

State income taxes, net of federal income tax effect⁽¹⁾⁽²⁾		187			213

⁽¹⁾ State income taxes were paid to various states and are included in general and administrative expenses in the Consolidated Statement of Operations.

⁽²⁾ State taxes in Florida made up the majority of the tax effect in this category.

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities at December 31, 2025 and 2024 were comprised of the following:

	2025			2024
Deferred tax assets:
Deferred acquisition costs	$	11,098		$	10,264
Net unrealized investment losses		1,815			3,303
Impaired assets		894			791
Bad debts and other		303			207
Net operating loss		1,503			1,945
Other		37			1,324
Total deferred tax assets		15,650			17,834
Deferred tax liabilities:
Deferred and uncollected premiums	$	(348	)	$	(738	)
Insurance reserves		(258	)		(1,126	)
Total deferred tax liabilities		(606	)		(1,864	)
Net deferred tax asset	$	15,044		$	15,970

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) were:

	Year Ended December 31
	2025			2024
Federal
Current U.S. income tax expense	$	2,109		$	1,124
Deferred U.S. income tax expense (benefit)		(405	)		(1,356	)
	$	1,704		$	(232	)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Income Taxes [Abstract]
Adjustment for prior years' estimates to actual	$ 3	$ 35
Open tax years	2022 2023 2024

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2025
Benefit Plans [Abstract]
Benefit Plans	Note 13. Benefit Plans Equity Incentive Plan On May 24, 2022, the Company’s shareholders approved the 2022 Equity and Incentive Compensation Plan (the “2022 Plan”). The 2022 Plan authorizes the grant of up to 3,000,000 stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other awards, and succeeded the 2012 Plan for the purpose of providing the Company’s non-employee directors, consultants, officers and other employees incentives and rewards for performance and service. During the year ended 2025 and 2024, there were no restricted shares issued under the 2022 Plan. The estimated fair value of the restricted shares issued are based on the common stock price at date of grant. Stock grants are generally issued from treasury shares. Vesting of restricted shares generally occurs after a one to three year period following the date of grant. The Company accounts for forfeitures as they occur. There were no stock options granted or outstanding under the 2022 Plan in 2025 and 2024. Shares available for future grant under the 2022 Plan at December 31, 2025 and 2024 were 2,960,000. 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 2025 and 2024 was $270 and $306, 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 2025 and 2024 of $716 and $682, 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.

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

12 Months Ended

Dec. 31, 2025

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

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

Schedule VI

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION CONCERNING

PROPERTY-CASUALTY INSURANCE OPERATIONS

											Claims and Claim Adjustment Expenses Incurred Related To
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		Net Premiums Written
	(In thousands)
December 31, 2025	$	2,755	$	82,818	$	34,688	$	84,504	$	4,357	$	62,274	$	2,980	$	9,745	$	49,362	$	90,434

December 31, 2024	$	2,866	$	67,814	$	28,758	$	67,689	$	4,151	$	49,904	$	5,863	$	8,332	$	53,972	$	67,692

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Federal
Current U.S. income tax expense	$ 2,109	$ 1,124
Deferred U.S. income tax expense (benefit)	(405)	(1,356)
Income tax expense (benefit)	$ 1,704	$ (232)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
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-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2025

Deferred Policy Acquisition Costs [Abstract]

Deferred Policy Acquisition Costs

Note 5. Deferred Policy Acquisition Costs

The following table presents a rollforward of deferred policy acquisition costs by segment for the years ended December 31, 2025 and 2024:

	2025									2024 (Restated)
	American Southern			Bankers Fidelity			Total			American Southern			Bankers Fidelity			Total

Deferred policy acquisition costs:
Balance, beginning of year	$	2,866		$	38,378		$	41,244		$	2,700		$	37,856		$	40,556
Capitalization		9,634			10,298			19,932			8,498			10,741			19,239
Amortization		(9,745	)		(9,113	)		(18,858	)		(8,332	)		(10,219	)		(18,551	)
Balance, end of year⁽¹⁾	$	2,755		$	39,563		$	42,318		$	2,866		$	38,378		$	41,244

The following table presents a rollforward of deferred policy acquisition costs for American Southern by line of business for the years ended December 31, 2025 and 2024:

	2025
	Automobile Liability			General Liability			Inland Marine			Automobile Physical Damage			Surety			Total

DAC balance as of the beginning of the year	$	721		$	633		$	186		$	524		$	802		$	2,866
Capitalized expenses		2,781			2,182			691			1,876			2,104			9,634
Amortization of DAC		(2,707	)		(2,191	)		(679	)		(1,864	)		(2,304	)		(9,745	)
DAC balance as of the valuation date	$	795		$	624		$	198		$	536		$	602		$	2,755

	2024
	Automobile Liability			General Liability			Inland Marine			Automobile Physical Damage			Surety			Total

DAC balance as of the beginning of the year	$	731		$	585		$	151		$	431		$	802		$	2,700
Capitalized expenses		2,139			1,875			551			1,555			2,378			8,498
Amortization of DAC		(2,149	)		(1,827	)		(516	)		(1,462	)		(2,378	)		(8,332	)
DAC balance as of the valuation date	$	721		$	633		$	186		$	524		$	802		$	2,866

The following table presents a rollforward of deferred policy acquisition costs for Bankers Fidelity by line of business for the years ended December 31, 2025 and 2024:

	2025

	Individual Life			Group Whole Life			Medicare Supplement			Other Individual Accident and Health			Group Accident and Health			Total

DAC balance as of the beginning of the year	$	6,258		$	10,788		$	17,368		$	3,958		$	6		$	38,378
Capitalized expenses		514			3,440			3,270			1,521			1,553			10,298

Amortization of DAC		(601	)		(2,090	)		(3,415	)		(1,451	)		(1,556	)		(9,113	)
DAC balance as of the valuation date	$	6,171		$	12,138		$	17,223		$	4,028		$	3		$	39,563

	2024
	(Restated)
	Individual Life			Group Whole Life			Medicare Supplement			Other Individual Accident and Health			Group Accident and Health			Total

DAC balance as of the beginning of the year	$	6,428		$	8,435		$	19,443		$	3,527		$	23		$	37,856
Capitalized expenses		376			3,818			1,985			1,229			3,333			10,741
Amortization of DAC		(546	)		(1,465	)		(4,060	)		(798	)		(3,350	)		(10,219	)
DAC balance as of the valuation date	$	6,258		$	10,788		$	17,368		$	3,958		$	6		$	38,378

Allowance for Expected Credit Losses - Insurance Premium and Other Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Allowance for Expected Credit Losses [Abstract]
Insurance Premiums and Other, Net of Expected Credit Losses, Balance, beginning of period	$ 21,878
Allowance for Expected Credit Losses, Balance, beginning of period	201
Allowance for Expected Credit Losses, Current period change for expected credit losses	(12)
Allowance for Expected Credit Losses, Write-offs of uncollectible insurance premiums and other receivables	0
Insurance Premiums and Other, Net of Expected Credit Losses, Balance, end of period	26,956	$ 21,878
Allowance for Expected Credit Losses, Balance, end of period	189	201
As Previously Reported [Member]
Allowance for Expected Credit Losses [Abstract]
Insurance Premiums and Other, Net of Expected Credit Losses, Balance, beginning of period	$ 27,458	23,690
Allowance for Expected Credit Losses, Balance, beginning of period		217
Allowance for Expected Credit Losses, Current period change for expected credit losses		(16)
Allowance for Expected Credit Losses, Write-offs of uncollectible insurance premiums and other receivables		0
Insurance Premiums and Other, Net of Expected Credit Losses, Balance, end of period		$ 27,458

Other Insurance Reserves and Policyholder Funds - Information About Incurred and Paid Claims Development, General Liability (Details) - General Liability [Member] $ in Thousands	Dec. 31, 2025 USD ($) Claim	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 11,602
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	8,300
All outstanding liabilities before 2016, net of reinsurance	205
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance	3,507
Accident Year 2016 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 620	$ 620	$ 620	$ 620	$ 619	$ 621	$ 608	$ 736	$ 1,148	$ 3,119
Cumulative number of reported claims (in Claim) \| Claim	94
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 620	620	620	620	619	617	608	568	203	$ 116
Accident Year 2017 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 777	777	777	839	738	738	513	488	1,490
Cumulative number of reported claims (in Claim) \| Claim	84
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 777	777	777	741	696	556	365	136	$ 75
Accident Year 2018 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 185	193	183	183	128	198	333	1,656
Cumulative number of reported claims (in Claim) \| Claim	77
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 185	185	183	183	128	115	90	$ 65
Accident Year 2019 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	547	516	909	515	455	707	1,916
IBNR Reserves	$ 12
Cumulative number of reported claims (in Claim) \| Claim	98
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 491	433	404	354	242	209	$ 41
Accident Year 2020 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	687	793	363	657	670	2,223
IBNR Reserves	$ 13
Cumulative number of reported claims (in Claim) \| Claim	91
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 629	593	539	462	385	$ 208
Accident Year 2021 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,377	1,267	1,328	1,329	2,567
IBNR Reserves	$ 9
Cumulative number of reported claims (in Claim) \| Claim	106
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 1,336	1,178	813	646	$ 364
Accident Year 2022 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	2,447	2,530	2,380	2,770
IBNR Reserves	$ 103
Cumulative number of reported claims (in Claim) \| Claim	143
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 2,156	1,622	1,169	$ 402
Accident Year 2023 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,015	1,445	2,887
IBNR Reserves	$ 70
Cumulative number of reported claims (in Claim) \| Claim	126
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 857	399	$ 125
Accident Year 2024 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	1,836	3,139
IBNR Reserves	$ 405
Cumulative number of reported claims (in Claim) \| Claim	120
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 1,002	$ 239
Accident Year 2025 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	2,111
IBNR Reserves	$ 1,271
Cumulative number of reported claims (in Claim) \| Claim	70
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 247

Other Insurance Reserves and Policyholder Funds - Reconciliation of Net Incurred and Paid Claims Development (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Other Insurance Reserves and Policyholder Funds [Abstract]

Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance

$ 86,832

Reinsurance recoverable on unpaid losses:

Total reinsurance recoverable on unpaid losses

24,352

Unallocated claims adjustment expenses

2,652

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

113,836

$ 93,707

$ 87,478

Claim liability

705

Medicare Supplement [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance

12,584

Reinsurance recoverable on unpaid losses:

Total reinsurance recoverable on unpaid losses

11,583

Claim liability

609,287

Automobile Liability [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance

63,204

Reinsurance recoverable on unpaid losses:

Total reinsurance recoverable on unpaid losses

4,842

Claim liability

240,148

Automobile Physical Damage [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance

2,843

Reinsurance recoverable on unpaid losses:

Total reinsurance recoverable on unpaid losses

209

General Liability [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance

3,507

Reinsurance recoverable on unpaid losses:

Total reinsurance recoverable on unpaid losses

2,664

Claim liability

205

Surety [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance

2,133

Reinsurance recoverable on unpaid losses:

Claim liability

Other Short-Duration Insurance Lines [Member]

Other Insurance Reserves and Policyholder Funds [Abstract]

Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance

^[1]

2,561

Reinsurance recoverable on unpaid losses:

Total reinsurance recoverable on unpaid losses

$ 5,054

[1]

For American Southern, other short duration insurance lines are inland marine cargo policies. For Bankers Fidelity, other short duration insurance lines for which the detailed claim development is not shown are group accident and health products, which collectively have a claim liability of $705. These products are group critical illness, group disability income, group hospital indemnity, and group accident and medical expense. There are no reinsurance arrangements for any of these Bankers Fidelity products.

Summary of Significant Accounting Policies - Reclassifications and Adjustments to the Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Summary of Significant Accounting Policies [Abstract]

Reinsurance Recoverables

$ 25,539

$ 22,881

$ 23,953

Deferred Income Tax Asset

15,788

Deferred Acquisition Costs

42,318

^[1]

41,244

^[1]

40,556

Future Policy Benefits

84,719

76,881

86,718

Unearned Premiums

34,737

28,845

28,850

Other Policy Liabilities

7,573

6,249

5,931

Retained Earnings

48,709

43,499

45,699

Accumulated Other Comprehensive Income (Loss)

$ (390)

(5,399)

(9,739)

As Revised [Memebr]

Summary of Significant Accounting Policies [Abstract]

Reinsurance Recoverables

22,942

21,103

Deferred Income Tax Asset

16,408

Deferred Acquisition Costs

44,842

43,850

Future Policy Benefits

98,464

92,495

Unearned Premiums

31,178

31,317

Other Policy Liabilities

1,757

1,132

Retained Earnings

44,369

49,721

Accumulated Other Comprehensive Income (Loss)

$ (18,712)

(16,121)

Reclassification of Annuities [Member]

Summary of Significant Accounting Policies [Abstract]

Reinsurance Recoverables

Deferred Income Tax Asset

Deferred Acquisition Costs

Future Policy Benefits

(4,799)

Unearned Premiums

Other Policy Liabilities

4,799

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

Reclassification of Certain Group Accident and Health Products [Member]

Summary of Significant Accounting Policies [Abstract]

Reinsurance Recoverables

Deferred Income Tax Asset

419

Deferred Acquisition Costs

(3,294)

Future Policy Benefits

(1,300)

Unearned Premiums

Other Policy Liabilities

Retained Earnings

(1,576)

Accumulated Other Comprehensive Income (Loss)

Reclassifications and Adjusments for the Cumulative Effect of Adoption on Assets and Liabilities [Member]

Summary of Significant Accounting Policies [Abstract]

Reinsurance Recoverables

1,617

Deferred Income Tax Asset

Deferred Acquisition Costs

Future Policy Benefits

4,075

Unearned Premiums

(2,467)

Other Policy Liabilities

Retained Earnings

(3)

Accumulated Other Comprehensive Income (Loss)

Impact from Capping Transition Date Net Premium Ratio [Member]

Summary of Significant Accounting Policies [Abstract]

Reinsurance Recoverables

Deferred Income Tax Asset

650

Deferred Acquisition Costs

Future Policy Benefits

3,093

Unearned Premiums

Other Policy Liabilities

Retained Earnings

(2,443)

Accumulated Other Comprehensive Income (Loss)

Effect of Remeasurement of Future Policy Benefits to an Upper-medium Grade Discount Rate [Member]

Summary of Significant Accounting Policies [Abstract]

Reinsurance Recoverables

1,233

Deferred Income Tax Asset

(1,697)

Deferred Acquisition Costs

Future Policy Benefits

(6,846)

Unearned Premiums

Other Policy Liabilities

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

$ 6,382

[1]

Deferred Policy Acquisition Costs - Deferred Policy Acquisition Costs for American Southern (Details) - American Southern [Member] - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

$ 2,866

^[1]

$ 2,700

Capitalized expenses

9,634

8,498

Amortization of DAC

(9,745)

(8,332)

Balance, end of year

^[1]

2,755

2,866

Automobile Liability Product Line [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

721

731

Capitalized expenses

2,781

2,139

Amortization of DAC

(2,707)

(2,149)

Balance, end of year

795

721

General Liability [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

633

585

Capitalized expenses

2,182

1,875

Amortization of DAC

(2,191)

(1,827)

Balance, end of year

624

633

Inland Marine [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

186

151

Capitalized expenses

691

551

Amortization of DAC

(679)

(516)

Balance, end of year

198

186

Automobile Physical Damage Product Line [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

524

431

Capitalized expenses

1,876

1,555

Amortization of DAC

(1,864)

(1,462)

Balance, end of year

536

524

Surety [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

802

Capitalized expenses

2,104

2,378

Amortization of DAC

(2,304)

(2,378)

Balance, end of year

$ 602

$ 802

[1]

Investments - Investments Aggregated by Type and Industry (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Investments [Abstract]
Estimated fair value	$ 24,067	$ 22,251
Gross unrealized gains	207	24
Gross unrealized losses	1,525	2,144
Allowance for credit losses	0	0
Amortized cost total	25,385	24,371
Loan Backed and Structured Securities [Member]
Investments [Abstract]
Estimated fair value	29,033	22,290
Gross unrealized gains	192	17
Gross unrealized losses	1,322	2,457
Allowance for credit losses	0	0
Amortized cost total	30,163	24,730
Obligations of States and Political Subdivisions [Member]
Investments [Abstract]
Estimated fair value	7,335	7,623
Gross unrealized gains	16	9
Gross unrealized losses	1,445	1,517
Allowance for credit losses	0	0
Amortized cost total	8,764	9,131
Corporate Securities [Member]
Investments [Abstract]
Estimated fair value	183,472	160,261
Gross unrealized gains	1,463	864
Gross unrealized losses	13,710	18,478
Allowance for credit losses	0	0
Amortized cost total	195,719	177,875
Corporate Securities [Member] \| Utilities and Telecom [Member]
Investments [Abstract]
Estimated fair value	30,844	24,623
Gross unrealized gains	240	108
Gross unrealized losses	2,736	3,206
Allowance for credit losses	0	0
Amortized cost total	33,340	27,721
Corporate Securities [Member] \| Financial Services [Member]
Investments [Abstract]
Estimated fair value	65,779	59,564
Gross unrealized gains	952	563
Gross unrealized losses	3,193	4,768
Allowance for credit losses	0	0
Amortized cost total	68,020	63,769
Corporate Securities [Member] \| Other Business - Diversified [Member]
Investments [Abstract]
Estimated fair value	41,191	34,117
Gross unrealized gains	174	160
Gross unrealized losses	3,184	3,919
Allowance for credit losses	0	0
Amortized cost total	44,201	37,876
Corporate Securities [Member] \| Other Consumer - Diversified [Member]
Investments [Abstract]
Estimated fair value	45,658	41,957
Gross unrealized gains	97	33
Gross unrealized losses	4,597	6,585
Allowance for credit losses	0	0
Amortized cost total	50,158	48,509
Redeemable Preferred Stocks [Member]
Investments [Abstract]
Estimated fair value	204	187
Gross unrealized gains	10	0
Gross unrealized losses	0	5
Allowance for credit losses	0	0
Amortized cost total	194	192
Redeemable Preferred Stocks [Member] \| Other Consumer - Diversified [Member]
Investments [Abstract]
Estimated fair value	204	187
Gross unrealized gains	10	0
Gross unrealized losses	0	5
Allowance for credit losses	0	0
Amortized cost total	194	192
Fixed Maturity Securities [Member]
Investments [Abstract]
Estimated fair value	244,111	212,612
Gross unrealized gains	1,888	914
Gross unrealized losses	18,002	24,601
Allowance for credit losses	0	0
Amortized cost total	260,225	236,299
Common and Non-redeemable Preferred Stocks [Member] \| Financial Services [Member]
Investments [Abstract]
Estimated fair value	1,319	1,149
Gross unrealized gains	1,009	843
Gross unrealized losses	0	0
Cost	310	306
Common and Non-redeemable Preferred Stocks [Member] \| Communications [Member]
Investments [Abstract]
Estimated fair value	11,076	6,751
Gross unrealized gains	6,443	2,118
Gross unrealized losses	0	0
Cost	4,633	4,633
Equity Securities [Member]
Investments [Abstract]
Estimated fair value	12,395	7,900
Gross unrealized gains	7,452	2,961
Gross unrealized losses	0	0
Cost	$ 4,943	$ 4,939

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

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

Deferred Acquisition Costs

$ 42,318

$ 41,244

Future Policy Benefits, Losses, Claims and Loss Reserves

198,555

^[1]

170,588

^[2]

Unearned Premiums

34,737

28,845

Other Policy Claims and Benefits Payable

7,573

6,249

Liability for future policy benefits

84,719

76,881

$ 86,718

Losses and claims

113,836

93,707

$ 87,478

Premium Revenue

196,142

178,588

Net Investment Income

10,266

9,791

Benefits, Claims, Losses and Settlement Expenses

137,541

124,078

Amortization of Deferred Acquisition Costs

18,858

18,551

Other Operating Expenses

51,186

49,413

Casualty Premiums Written

90,434

67,692

Bankers Fidelity [Member]

Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

Deferred Acquisition Costs

39,563

38,378

Future Policy Benefits, Losses, Claims and Loss Reserves

115,737

102,774

Unearned Premiums

Other Policy Claims and Benefits Payable

7,573

6,249

Premium Revenue

111,638

110,899

Net Investment Income

5,818

5,544

Benefits, Claims, Losses and Settlement Expenses

72,287

68,311

Amortization of Deferred Acquisition Costs

9,113

10,219

Other Operating Expenses

32,291

31,962

Casualty Premiums Written

American Southern [Member]

Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

Deferred Acquisition Costs

2,755

2,866

Future Policy Benefits, Losses, Claims and Loss Reserves

82,818

67,814

Unearned Premiums

34,688

28,758

Other Policy Claims and Benefits Payable

Premium Revenue

84,504

67,689

Net Investment Income

4,357

4,151

Benefits, Claims, Losses and Settlement Expenses

65,254

55,767

Amortization of Deferred Acquisition Costs

9,745

8,332

Other Operating Expenses

8,761

7,234

Casualty Premiums Written

90,434

67,692

Corporate and Other [Member]

Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

Premium Revenue

Net Investment Income

Benefits, Claims, Losses and Settlement Expenses

Amortization of Deferred Acquisition Costs

Other Operating Expenses

10,134

10,217

Casualty Premiums Written

$ 0

[1]	Includes future policy benefits of $84,719 and losses and claims of $113,836.
[2]	Includes future policy benefits of $76,881 and losses and claims of $93,707.

Investments - Amortized Cost and Carrying Value of Fixed Maturities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investments [Abstract]
Due in one year or less, Carrying value	$ 10,389	$ 7,484
Due in one year or less, Amortized cost	10,469	7,497
Due after one year through five years, Carrying value	62,870	62,722
Due after one year through five years, Amortized cost	63,892	64,703
Due after five years through ten years, Carrying value	33,769	32,820
Due after five years through ten years, Amortized cost	34,264	35,552
Due after ten years, Carrying value	100,099	80,199
Due after ten years, Amortized cost	112,608	95,466
Asset backed securities, Carrying value	36,984	29,387
Asset backed securities, Amortized cost	38,992	33,081
Carrying value total	244,111	212,612
Amortized cost total	$ 260,225	$ 236,299

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

ASSETS

Cash and cash equivalents

$ 43,636

$ 35,570

Investments:

Fixed maturities, available-for-sale, at fair value (amortized cost: $260,225 and $236,299; no allowance for credit losses)

244,111

212,612

Equity securities, at fair value (cost: $4,943 and $4,939)

12,395

7,900

Other invested assets (cost: $7,946 and $7,946)

6,037

6,616

Policy loans

1,683

1,722

Real estate

Investment in unconsolidated trusts (cost: $1,238 and $1,238)

1,238

Total investments

265,502

230,126

Receivables:

Reinsurance (net of allowance for uncollectible reinsurance of $58 and $73)

25,539

22,881

Insurance premiums and other (net of allowance for expected credit losses $189 and $201)

26,956

21,878

Deferred income taxes, net

15,044

15,970

Deferred acquisition costs

^[1]

42,318

41,244

Other assets

12,398

11,826

Intangibles

2,544

Total assets

433,937

382,039

Insurance reserves and policyholder funds

Future policy benefits

84,719

76,881

Unearned premiums

34,737

28,845

Losses and claims

113,836

93,707

Other policy liabilities

7,573

6,249

Total insurance reserves and policyholder funds

240,865

205,682

Accounts payable and accrued expenses

33,525

28,025

Revolving credit facility

5,021

4,023

Junior subordinated debenture obligations, net

33,738

Total liabilities

313,149

271,468

Commitments and contingencies (Note 19)

Shareholders’ equity:

Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value

Common stock, $1 par, 50,000,000 shares authorized; 22,400,894 shares issued; $20,397,228 and 20,399,758 shares outstanding as of 2025 and 2024, respectively

22,401

Additional paid-in capital

57,425

Retained earnings

48,709

43,499

Accumulated other comprehensive loss

(390)

(5,399)

Unearned stock grant compensation

(2)

Treasury stock, at cost, 2,003,666 and 2,001,136 shares as of 2025 and 2024, respectively

(7,412)

(7,408)

Total shareholders’ equity

120,788

110,571

Total liabilities and shareholders’ equity

$ 433,937

$ 382,039

[1]

Investments - Summary of Realized Investment Gains (Losses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Investments [Abstract]
Gains	$ 196,000	$ 1,212,000
Losses	(179,000)	(2,000)
Impairment losses	(488,000)	0
Realized investment gains (losses), net	(471,000)	1,210,000
Fixed Maturity Securities [Member]
Investments [Abstract]
Gains	196,000	19,000
Losses	(179,000)	(2,000)
Impairment losses	(488,000)	0
Realized investment gains (losses), net	(471,000)	17,000
Equity Securities [Member]
Investments [Abstract]
Gains	0	0
Losses	0	0
Impairment losses	0
Realized investment gains (losses), net	0	0
Other Invested Assets [Member]
Investments [Abstract]
Gains	0	1,193,000
Losses	0	0
Impairment losses	0
Realized investment gains (losses), net	$ 0	$ 1,193,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Internal-Use Software (Details) - USD ($) $ in Thousands	12 Months Ended
Internal-Use Software (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Internal-Use Software [Abstract]
Period of initial terms of arrangement	3 years
Period of additional renewal term	5 years
Period of subsequent renewal term	5 years
Incurred and capitalized implementation costs	$ 638	$ 108
Capitalized implementation costs	5,313	4,675
Amortization expense	$ 0	$ 0

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenue:
Insurance premiums, net	$ 196,142	$ 178,588
Net investment income	10,266	9,791
Realized investment gains (losses), net	(471)	1,210
Unrealized gains (losses) on equity securities, net	4,491	(1,516)
Other income	12	9
Total revenue	210,440	188,082
Benefits and expenses:
Insurance benefits and losses incurred	137,541	124,078
Future policy benefits remeasurement gain	(4,866)	(2,334)
Commissions and underwriting expenses	50,473	48,333
Interest expense	3,080	3,419
Other expense	16,491	16,211
Total benefits and expenses	202,719	189,707
Income (loss) before income taxes	7,721	(1,625)
Income tax expense (benefit)	1,704	(232)
Net income (loss)	6,017	(1,393)
Preferred stock dividends	(399)	(399)
Net income (loss) applicable to common shareholders	$ 5,618	$ (1,792)
Earnings (loss) per common share (basic) (in Dollars per share)	$ 0.28	$ (0.09)
Earnings (loss) per common share (diluted) (in Dollars per share)	$ 0.28	$ (0.09)

Other Insurance Reserves and Policyholder Funds

12 Months Ended

Dec. 31, 2025

Other Insurance Reserves and Policyholder Funds [Abstract]

Other Insurance Reserves and Policyholder Funds

Note 8. Other Insurance Reserves and Policyholder Funds

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 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:

	2025			2024
Balance at January 1	$	93,707		$	87,478
Less: Reinsurance recoverable on unpaid losses		(17,390	)		(14,678	)
Net balance at January 1		76,317			72,800

Incurred related to:
Current year		123,043			112,393
Prior years		1,076	⁽¹⁾		5,708	⁽²⁾
Total incurred		124,119			118,101

Paid related to:
Current year		64,115			64,300
Prior years		41,783			50,284
Total paid		105,898			114,584
Net balance at December 31		94,538			76,317
Plus: Reinsurance recoverable on unpaid losses		19,298			17,390
Balance at December 31	$	113,836		$	93,707

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

	2025		2024
			(Restated)
Total incurred losses	$	124,119	$	118,101
Cash surrender value and matured endowments		2,001		1,340
Benefit reserve changes		6,555		2,303
Total insurance benefits and losses incurred⁽¹⁾	$	132,675	$	121,744

(1) This line is net of LFPB remeasurement gain of $4,866 and $2,334 for 2025 and 2024, respectively.

Liability for Unpaid Losses, Claims and Loss Adjustment Expenses

Medicare Supplement

																					As of December 31, 2025
	For the Years Ended December 31,																				IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of
	Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	58,849	$	59,851	$	63,226	$	63,225	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221	$	-		1,879
2017				67,960		69,655		69,643		69,635		69,633		69,633		69,632		69,633		69,633		-		2,929
2018						79,140		80,404		80,361		80,357		80,351		80,348		80,348		80,348		-		4,106
2019								88,765		87,028		86,988		86,986		86,980		86,978		86,978		-		4,494
2020										75,857		75,715		75,730		75,730		75,708		75,709		-		3,706
2021												65,267		61,579		61,785		61,740		61,727		-		3,543
2022														58,777		56,047		55,970		55,911		11		4,214
2023																48,367		47,029		47,098		66		4,320
2024																		43,708		39,863		474		3,797
2025																				41,383		12,033		2,014
																			$	621,871

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	49,165	$	59,747	$	63,226	$	63,225	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221	$	63,221
2017				57,696		69,517		69,643		69,635		69,633		69,633		69,633		69,633		69,633
2018						66,565		80,222		80,361		80,355		80,351		80,348		80,348		80,348
2019								72,333		86,856		86,978		86,985		86,980		86,978		86,978
2020										63,129		75,527		75,710		75,715		75,708		75,709
2021												50,197		61,350		61,733		61,726		61,727
2022														46,111		55,808		55,920		55,900
2023																36,388		46,795		47,032
2024																		31,500		39,389
2025																				29,350
																			$	609,287
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	12,584

The cumulative number of reported claims for the Medicare Supplement line of business is the number of distinct claims incurred and submitted to the Centers for Medicare and Medicaid Services (or its designee) for payment in the given year. Multiple payments on the same claim are not counted in the claim frequency data. For Medicare Supplement policies, the estimated ultimate claims incurred, using claims data reported during each month of any given year, are calculated using the chain ladder method. Because claim patterns vary significantly during the year, this method is modified to reflect claim experience over the corresponding four-month period prior to the statement date during the prior two calendar years, and recent claim experience during a twelve-month period from sixteen months prior to the valuation date through five months prior to the valuation date. Additional adjustments to the estimated ultimate claims incurred are then applied to account for seasonal changes in claim experience and changes in the rate of claim processing. The liability for Medicare Supplement claims that are Incurred but Not Reported (the IBNR) is calculated by subtracting both paid claims through the valuation date and claims in the course of settlement as of the valuation date from the estimated ultimate claims. Thirty-six months of loss data are used to develop the estimated ultimate incurred claims. For other accident and health products and life products, similar approaches are used and modified to reflect the unique aspects of the products.

Automobile Liability

																					As of December 31, 2025
	For the Years Ended December 31,																				IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	20,549	$	21,275	$	21,846	$	22,388	$	22,245	$	22,310	$	22,448	$	22,448	$	22,448	$	22,448				3,863
2017				22,179		24,212		23,766		25,180		26,009		26,153		26,231		26,254		26,255	$	1		3,813
2018						24,284		25,682		27,338		30,013		30,464		31,135		31,170		31,154		16		3,651
2019								25,241		24,045		25,724		28,042		28,513		29,216		29,384		59		3,608
2020										22,416		16,442		20,137		21,164		21,459		21,066		84		2,523
2021												25,887		21,172		24,957		27,041		26,866		215		2,794
2022														28,860		27,293		31,633		33,348		1,379		2,933
2023																33,266		33,626		39,468		3,408		2,986
2024																		34,105		31,049		3,955		2,808
2025																				42,314		22,340		2,371
																				303,352

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	6,796	$	13,141	$	16,397	$	19,613	$	21,408	$	21,809	$	22,448	$	22,448	$	22,448	$	22,448
2017				7,401		16,317		20,221		22,778		25,023		25,712		26,222		26,249		26,249
2018						6,989		15,647		21,121		24,662		27,671		29,201		30,507		31,057
2019								7,305		14,694		19,384		22,868		26,126		28,778		29,025
2020										5,172		9,941		14,693		18,133		20,466		20,553
2021												6,242		13,918		19,230		24,798		25,552
2022														7,023		18,010		24,137		29,123
2023																9,068		22,232		29,019
2024																		8,939		18,929
2025																				8,193
																			$	240,148
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	63,204

Automobile Physical Damage

											As of December 31, 2025
	For the Years Ended December 31,										IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance

Accident Year		2021		2022		2023		2024		2025
2021	$	14,296	$	13,385	$	13,305	$	13,329	$	13,323	$	1		1,914
2022				10,962		10,648		10,564		10,574		-		1,777
2023						6,460		6,485		6,301		3		1,599
2024								7,418		8,029		12		1,679
2025										9,707		247		1,538
										47,934

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2021		2022		2023		2024		2025
2021	$	11,993	$	13,277	$	13,257	$	13,302	$	13,315
2022				8,475		10,368		10,528		10,573
2023						5,397		6,340		6,263
2024								5,864		7,885
2025										7,055
									$	45,091
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance									$	2,843

General Liability

																					As of December 31, 2025
	For the Years Ended December 31,																				IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance

Accident Year		2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	3,119	$	1,148	$	736	$	608	$	621	$	619	$	620	$	620	$	620	$	620				94
2017				1,490		488		513		738		738		839		777		777		777				84
2018						1,656		333		198		128		183		183		193		185				77
2019								1,916		707		455		515		909		516		547	$	12		98
2020										2,223		670		657		363		793		687		13		91
2021												2,567		1,329		1,328		1,267		1,377		9		106
2022														2,770		2,380		2,530		2,447		103		143
2023																2,887		1,445		1,015		70		126
2024																		3,139		1,836		405		120
2025																				2,111		1,271		70
																				11,602

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	116	$	203	$	568	$	608	$	617	$	619	$	620	$	620	$	620	$	620
2017				75		136		365		556		696		741		777		777		777
2018						65		90		115		128		183		183		185		185
2019								41		209		242		354		404		433		491
2020										208		385		462		539		593		629
2021												364		646		813		1,178		1,336
2022														402		1,169		1,622		2,156
2023																125		399		857
2024																		239		1,002
2025																				247
																			$	8,300
All outstanding liabilities before 2016, net of reinsurance																				205
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	3,507

Surety

																					As of December 31, 2025
	For the Years Ended December 31,																				As of December 31, 2025
																					IBNR Reserves		Cumulative Number of Reported Claims
	Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance

Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	3,314	$	1,812	$	1,865	$	1,876	$	1,865	$	1,678	$	1,670	$	1,666	$	1,660	$	1,654	$	-	$	50
2017				4,677		3,671		3,799		3,629		3,514		3,440		3,448		3,403		3,398		2		47
2018						3,528		1,938		1,381		956		767		750		750		748		-		67
2019								2,130		657		630		513		507		439		424		-		64
2020										2,263		574		465		460		402		400		-		32
2021												2,936		1,455		1,497		1,475		1,524		7		23
2022														3,202		2,339		2,296		2,265		19		36
2023																2,634		1,627		1,581		4		51
2024																		2,324		1,074		159		122
2025																				1,771		1,413		33
																			$	14,839

	Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year	2016		2017		2018		2019		2020		2021		2022		2023		2024		2025
2016	$	1,054	$	1,732	$	1,772	$	1,873	$	1,862	$	1,677	$	1,670	$	1,666	$	1,660	$	1,654
2017				1,971		3,255		3,523		3,545		3,442		3,402		3,400		3,394		3,388
2018						1,157		1,454		1,361		941		760		749		748		748
2019								259		395		568		446		444		439		424
2020										97		460		464		459		400		400
2021												156		803		1,496		1,475		1,475
2022														970		2,191		2,180		2,153
2023																98		1,602		1,565
2024																		392		735
2025																				211
																			$	12,753
All outstanding liabilities before 2016, net of reinsurance																				47
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance																			$	2,133

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, 2025.

	Average Annual Percentage Payout of Incurred Claims by Age, Net of Subrogation and 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		80.5	%		18.1	%		0.3	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Automobile liability		24.6	%		29.4	%		17.6	%		14.2	%		8.5	%		3.8	%		2.5	%		0.6	%		0.0	%		0.0	%
Automobile physical damage		80.3	%		16.9	%		0.0	%		0.4	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
General liability		18.1	%		23.6	%		24.4	%		16.9	%		12.9	%		3.3	%		4.1	%		0.0	%		0.0	%		0.0	%
Surety		46.9	%		51.6	%		10.3	%		-11.7	%		-7.2	%		-3.0	%		-1.0	%		-0.1	%		-0.3	%		-0.4	%

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


Net outstanding liabilities:	December 31, 2025
Medicare Supplement	$	12,584
Automobile liability		63,204
Automobile physical damage		2,843
General liability		3,507
Surety		2,133
Other short-duration insurance lines⁽¹⁾		2,561
Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance		86,832

Reinsurance recoverable on unpaid losses:
Medicare Supplement		11,583
Automobile liability		4,842
Automobile physical damage		209
General liability		2,664
Other short-duration insurance lines		5,054
Total reinsurance recoverable on unpaid losses		24,352

Unallocated claims adjustment expenses		2,652

Total gross liability for unpaid losses, claims and loss adjustment expenses	$	113,836

- Definition

The entire disclosure for the types of coverages and products sold, and the assets, obligations, recorded liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References + Details

Earnings (Loss) Per Common Share - Reconciliation of Numerator and Denominator of Income (Loss) per Common Share Calculations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Earnings (Loss) Per Common Share [Abstract]
Net income (loss)	$ 6,017	$ (1,393)
Weighted average shares outstanding, Basic (in Shares)	20,398	20,400
Weighted average shares outstanding, Diluted (in Shares)	20,398	20,400
Less preferred stock dividends	$ 399	$ 399
Net income (loss) applicable to common shareholders	5,618	(1,792)
Net income (loss) applicable to common shareholders, Diluted	$ 5,618	$ (1,792)
Net income (loss) applicable to common shareholders, Basic (in Dollars per share)	$ 0.28	$ (0.09)
Net income (loss) applicable to common shareholders, Diluted (in Dollars per share)	$ 0.28	$ (0.09)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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-Publisher FASB
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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Future Policy Benefits - Undiscounted and Discounted Future Gross Premiums and Expected Future Benefit Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Individual Life [Member]
Future Policy Benefits [Abstract]
Expected future gross premiums, undiscounted	$ 61,771	$ 67,906
Expected future gross premiums, discounted	37,820	40,068
Expected future benefit payments, undiscounted	115,435	121,624
Expected future benefits payments, discounted	60,481	62,175	$ 67,902
Group Life [Member]
Future Policy Benefits [Abstract]
Expected future gross premiums, undiscounted	214,892	202,437
Expected future gross premiums, discounted	127,261	116,517
Expected future benefit payments, undiscounted	237,776	222,729
Expected future benefits payments, discounted	74,012	66,148	56,767
Medicare Supplement [Member]
Future Policy Benefits [Abstract]
Expected future gross premiums, undiscounted	2,264,574	1,642,269
Expected future gross premiums, discounted	1,515,989	1,104,499
Expected future benefit payments, undiscounted	1,528,633	1,112,219
Expected future benefits payments, discounted	1,036,702	757,649	784,912
Other Individual Health [Member]
Future Policy Benefits [Abstract]
Expected future gross premiums, undiscounted	76,730	66,512
Expected future gross premiums, discounted	55,173	45,630
Expected future benefit payments, undiscounted	84,052	77,814
Expected future benefits payments, discounted	$ 54,260	$ 48,331	$ 45,549

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Other Insurance Reserves and Policyholder Funds - Information About Incurred and Paid Claims Development, Medicare Supplement (Details) - Medicare Supplement [Member] $ in Thousands	Dec. 31, 2025 USD ($) Claim	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 621,871
All outstanding liabilities prior period net of reinsurance	609,287
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance	12,584
Accident Year 2016 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	63,221	$ 63,221	$ 63,221	$ 63,221	$ 63,221	$ 63,221	$ 63,225	$ 63,226	$ 59,851	$ 58,849
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	1,879
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 63,221	63,221	63,221	63,221	63,221	63,221	63,225	63,226	59,747	$ 49,165
Accident Year 2017 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	69,633	69,633	69,632	69,633	69,633	69,635	69,643	69,655	67,960
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	2,929
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 69,633	69,633	69,633	69,633	69,633	69,635	69,643	69,517	$ 57,696
Accident Year 2018 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	80,348	80,348	80,348	80,351	80,357	80,361	80,404	79,140
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	4,106
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 80,348	80,348	80,348	80,351	80,355	80,361	80,222	$ 66,565
Accident Year 2019 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	86,978	86,978	86,980	86,986	86,988	87,028	88,765
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	4,494
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 86,978	86,978	86,980	86,985	86,978	86,856	$ 72,333
Accident Year 2020 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	75,709	75,708	75,730	75,730	75,715	75,857
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	3,706
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 75,709	75,708	75,715	75,710	75,527	$ 63,129
Accident Year 2021 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	61,727	61,740	61,785	61,579	65,267
IBNR Reserves	$ 0
Cumulative number of reported claims (in Claim) \| Claim	3,543
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 61,727	61,726	61,733	61,350	$ 50,197
Accident Year 2022 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	55,911	55,970	56,047	58,777
IBNR Reserves	$ 11
Cumulative number of reported claims (in Claim) \| Claim	4,214
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 55,900	55,920	55,808	$ 46,111
Accident Year 2023 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	47,098	47,029	48,367
IBNR Reserves	$ 66
Cumulative number of reported claims (in Claim) \| Claim	4,320
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 47,032	46,795	$ 36,388
Accident Year 2024 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	39,863	43,708
IBNR Reserves	$ 474
Cumulative number of reported claims (in Claim) \| Claim	3,797
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 39,389	$ 31,500
Accident Year 2025 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	41,383
IBNR Reserves	$ 12,033
Cumulative number of reported claims (in Claim) \| Claim	2,014
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 29,350

Internal-Use Software	12 Months Ended
Internal-Use Software	Dec. 31, 2025
Internal-Use Software [Abstract]
Internal-Use Software	Note 6. Internal-Use Software On March 3, 2021, the Company entered into a hosting arrangement through a service contract with a third party software solutions vendor to provide a suite of policy, billing, claim, and customer management services. The software is managed, hosted, supported, and delivered as a cloud-based software service product offering (software-as-a-service). The initial term of the arrangement, as amended, was three years. The arrangement was renewed in March 2024 for an additional five years, with a subsequent renewal term of five years. Service fees related to the hosting arrangement are recorded as an expense in the Company’s condensed consolidated statement of operations as incurred. Implementation expenses incurred related to third party professional and consulting services have been capitalized. The Company will begin amortizing, on a straight-line basis over the expected remaining term of the hosting arrangement, when the software is substantially ready for its intended use. The Company incurred and capitalized implementation costs of $638 and $108 during the years ended December 31, 2025 and 2024, respectively. The Company has capitalized $5,313 and $4,675 in implementation costs in other assets in its Consolidated Balance Sheet as of December 31, 2025 and 2024, respectively. The Company expects the software will be substantially ready for its intended use during 2026. Accordingly, the Company has not recorded any amortization expense related to software implementation costs for years ended December 31, 2025 and 2024.

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets:
Deferred acquisition costs	$ 11,098	$ 10,264
Net unrealized investment losses	1,815	3,303
Impaired assets	894	791
Bad debts and other	303	207
Net operating loss	1,503	1,945
Other	37	1,324
Total deferred tax assets	15,650	17,834
Deferred tax liabilities:
Deferred and uncollected premiums	(348)	(738)
Insurance reserves	(258)	(1,126)
Total deferred tax liabilities	(606)	(1,864)
Net deferred tax asset	$ 15,044	$ 15,970

Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2025

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

Note 15. Earnings (Loss) Per Common Share

Basic income (loss) per share was computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. The computation of diluted income (loss) per share reflected the effect of potentially dilutive securities.

A reconciliation of the numerator and denominator of the income (loss) per common share calculations is as follows:

For the Year Ended December 31, 2025

	Income			Weighted Average Shares Outstanding (in thousands)			Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	6,017			20,398
Less preferred stock dividends		(399	)		-
Net income applicable to common shareholders	$	5,618			20,398	$	0.28

	For the Year Ended December 31, 2024 (Restated)
		Loss			Weighted Average Shares Outstanding (in thousands)			Per Share Amount
Basic and Diluted Loss Per Common Share
Net loss before preferred stock dividends		$	(1,393	)		20,400
Less preferred stock dividends			(399	)		-
Net loss applicable to common shareholders		$	(1,792	)		20,400	$	(0.09	)

The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2025 and 2024 since its impact would have been antidilutive.

Disclosures About Fair Value of Financial Instruments (Details) - Significant Unobservable Inputs (Level 3) [Member] - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Disclosures About Fair Value of Financial Instruments [Abstract]
Other policy liabilities	$ 4,783	$ 4,938
Recurring [Member]
Disclosures About Fair Value of Financial Instruments [Abstract]
Equity securities	$ 193	$ 189

- Definition

Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482736/825-10-45-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 80
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480078/944-80-55-14

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 80
-Name Accounting Standards Codification
-Section 55
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480078/944-80-55-9

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1)(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

+ Details

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS - Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS [Abstract]
Deferred Policy Acquisition Costs	$ 2,755	$ 2,866
Reserves	82,818	67,814
Unearned Premiums	34,688	28,758
Earned Premiums	84,504	67,689
Net Investment Income	4,357	4,151
Claims and Claim Adjustment Expenses Incurred Related To Current Year	62,274	49,904
Claims and Claim Adjustment Expenses Incurred Related To Prior Years	2,980	5,863
Amortization of Deferred Acquisition Costs	9,745	8,332
Paid Claims and Claim Adjustment Expenses	49,362	53,972
Net Premiums Written	$ 90,434	$ 67,692

Investments (Tables)

12 Months Ended

Dec. 31, 2025

Investments [Abstract]

Investments Aggregated by Type and Industry

Fixed maturity securities were comprised of the following:

	2025
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Amortized Cost
Fixed maturity securities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	24,067	$	207	$	1,525	$	-	$	25,385
Loan backed and structured securities		29,033		192		1,322		-		30,163
Obligations of states and political subdivisions		7,335		16		1,445		-		8,764
Corporate securities:
Utilities and telecom		30,844		240		2,736		-		33,340
Financial services		65,779		952		3,193		-		68,020
Other business – diversified		41,191		174		3,184		-		44,201
Other consumer – diversified		45,658		97		4,597		-		50,158
Total corporate securities		183,472		1,463		13,710		-		195,719
Redeemable preferred stocks:
Other consumer – diversified		204		10		-		-		194
Total redeemable preferred stocks		204		10		-		-		194
Total fixed maturity securities	$	244,111	$	1,888	$	18,002	$	-	$	260,225

	2024
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Amortized Cost
Fixed maturity securities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	22,251	$	24	$	2,144	$	-	$	24,371
Loan backed and structures securities		22,290		17		2,457		-		24,730
Obligations of states and political subdivisions		7,623		9		1,517		-		9,131
Corporate securities:
Utilities and telecom		24,623		108		3,206		-		27,721
Financial services		59,564		563		4,768		-		63,769
Other business – diversified		34,117		160		3,919		-		37,876
Other consumer – diversified		41,957		33		6,585		-		48,509
Total corporate securities		160,261		864		18,478		-		177,875
Redeemable preferred stocks:
Other consumer – diversified		187		-		5		-		192
Total redeemable preferred stocks		187		-		5		-		192
Total fixed maturity securities	$	212,612	$	914	$	24,601	$	-	$	236,299

Equity securities were comprised of the following:

	2025
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost
Equity securities:
Common and non-redeemable preferred stocks:
Financial services		1,319		1,009		-		310
Communications		11,076		6,443		-		4,633
Total equity securities	$	12,395	$	7,452	$	-	$	4,943

	2024
	Estimated Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost
Equity securities:
Common and non-redeemable preferred stocks:
Financial services		1,149		843		-		306
Communications		6,751		2,118		-		4,633
Total equity securities	$	7,900	$	2,961	$	-	$	4,939

Amortized Cost and Carrying Value of Fixed Maturities by Contractual Maturity

	2025				2024
	Carrying Value		Amortized Cost		Carrying Value		Amortized Cost
Due in one year or less	$	10,389	$	10,469	$	7,484	$	7,497
Due after one year through five years		62,870		63,892		62,722		64,703
Due after five years through ten years		33,769		34,264		32,820		35,552
Due after ten years		100,099		112,608		80,199		95,466
Asset backed securities		36,984		38,992		29,387		33,081
Totals	$	244,111	$	260,225	$	212,612	$	236,299

Investment Securities with Continuous Unrealized Loss Position

	2025
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	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	$	846	$	3	$	13,934	$	1,522	$	14,780	$	1,525
Loan backed and structured securities		1,793		14		13,755		1,308		15,548		1,322
Obligations of states and political subdivisions		1,087		238		4,823		1,207		5,910		1,445
Corporate securities		20,083		661		120,360		13,049		140,443		13,710
Total temporarily impaired securities	$	23,809	$	916	$	152,872	$	17,086	$	176,681	$	18,002

	2024
	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	$	3,753	$	33	$	16,136	$	2,111	$	19,889	$	2,144
Loan backed and structured securities		1,010		5		16,069		2,452		17,079		2,457
Obligations of states and political subdivisions		-		-		5,839		1,517		5,839		1,517
Corporate securities		18,510		755		125,930		17,723		144,440		18,478
Redeemable preferred stocks		188		5		-		-		188		5
Total temporarily impaired securities	$	23,461	$	798	$	163,974	$	23,803	$	187,435	$	24,601

Investment Income Earned

Investment income was earned from the following sources:

	2025		2024
Fixed maturity securities	$	9,802	$	9,520
Equity securities		335		335
Other		394		191
		10,531		10,046
Investment expenses		265		255
Net investment income	$	10,266	$	9,791

Summary of Realized Investment Gains (Losses)

A summary of realized investment gains (losses) follows:

	2025
	Fixed Maturity Securities			Equity Securities		Other Invested Assets		Total
Gains	$	196		$	-	$	-	$	196
Losses		(179	)		-		-		(179	)
Impairment losses		(488	)		-		-		(488	)
Realized investment losses, net	$	(471	)	$	-	$	-	$	(471	)

	2024
	Fixed Maturity Securities			Equity Securities		Other Invested Assets		Total
Gains	$	19		$	-	$	1,193	$	1,212
Losses		(2	)		-		-		(2	)
Realized investment gains, net	$	17		$	-	$	1,193	$	1,210

Proceeds from Sales of Investments

Proceeds from the sales of available-for-sale fixed maturity securities were as follows:

	2025		2024
Sales proceeds	$	13,447	$	-
Gross gains		186		-
Gross losses		178		-

Proceeds from the sales of other invested assets were as follows:

	2025		2024
Sales proceeds	$	-	$	2,510
Gross gains		-		1,193
Gross losses		-		-

Unrealized Gains (Losses) on Equity Securities

The following table presents the portion of unrealized gains (losses) related to equity securities still held for the years ended December 31, 2025 and 2024.

	2025		2024
Net realized and unrealized gains (losses) recognized during the period on equity securities	$	4,491	$	(1,516	)
Less: Net realized gains recognized during the period on equity securities sold during the period		-		-
Unrealized gains (losses) on equity securities, net	$	4,491	$	(1,516	)

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Future Policy Benefits - Revenue and Interest Accretion (Expense) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Future Policy Benefits [Abstract]

Liability for future policy benefits, Gross Premiums

$ 173,093

$ 153,549

Liability for future policy benefits, Interest Accretion

^[1]

5,226

4,958

Individual Life [Member]

Future Policy Benefits [Abstract]

Liability for future policy benefits, Gross Premiums

5,782

5,947

Liability for future policy benefits, Interest Accretion

^[1]

2,248

2,357

Group Life [Member]

Future Policy Benefits [Abstract]

Liability for future policy benefits, Gross Premiums

13,468

12,834

Liability for future policy benefits, Interest Accretion

^[1]

918

626

Medicare Supplement [Member]

Future Policy Benefits [Abstract]

Liability for future policy benefits, Gross Premiums

144,644

126,726

Liability for future policy benefits, Interest Accretion

^[1]

1,144

1,159

Other Individual Health [Member]

Future Policy Benefits [Abstract]

Liability for future policy benefits, Gross Premiums

9,199

8,042

Liability for future policy benefits, Interest Accretion

^[1]

$ 916

$ 816

[1]	Amounts for interest accretion are included in benefits and other changes in policy reserves in the consolidated statement of operations.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Investments - Unrealized Gains (Losses) on Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Investments [Abstract]
Net realized and unrealized gains (losses) recognized during the period on equity securities	$ 4,491	$ (1,516)
Less: Net realized gains recognized during the period on equity securities sold during the period	0	0
Unrealized gains (losses) on equity securities, net	$ 4,491	$ (1,516)

Other Insurance Reserves and Policyholder Funds - Information About Incurred and Paid Claims Development, Automobile Liability (Details) - Automobile Liability [Member] $ in Thousands	Dec. 31, 2025 USD ($) Claim	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 303,352
All outstanding liabilities prior period net of reinsurance	240,148
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance	63,204
Accident Year 2016 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	$ 22,448	$ 22,448	$ 22,448	$ 22,448	$ 22,310	$ 22,245	$ 22,388	$ 21,846	$ 21,275	$ 20,549
Cumulative number of reported claims (in Claim) \| Claim	3,863
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 22,448	22,448	22,448	22,448	21,809	21,408	19,613	16,397	13,141	$ 6,796
Accident Year 2017 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	26,255	26,254	26,231	26,153	26,009	25,180	23,766	24,212	22,179
IBNR Reserves	$ 1
Cumulative number of reported claims (in Claim) \| Claim	3,813
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 26,249	26,249	26,222	25,712	25,023	22,778	20,221	16,317	$ 7,401
Accident Year 2018 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	31,154	31,170	31,135	30,464	30,013	27,338	25,682	24,284
IBNR Reserves	$ 16
Cumulative number of reported claims (in Claim) \| Claim	3,651
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 31,057	30,507	29,201	27,671	24,662	21,121	15,647	$ 6,989
Accident Year 2019 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	29,384	29,216	28,513	28,042	25,724	24,045	25,241
IBNR Reserves	$ 59
Cumulative number of reported claims (in Claim) \| Claim	3,608
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 29,025	28,778	26,126	22,868	19,384	14,694	$ 7,305
Accident Year 2020 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	21,066	21,459	21,164	20,137	16,442	22,416
IBNR Reserves	$ 84
Cumulative number of reported claims (in Claim) \| Claim	2,523
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 20,553	20,466	18,133	14,693	9,941	$ 5,172
Accident Year 2021 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	26,866	27,041	24,957	21,172	25,887
IBNR Reserves	$ 215
Cumulative number of reported claims (in Claim) \| Claim	2,794
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 25,552	24,798	19,230	13,918	$ 6,242
Accident Year 2022 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	33,348	31,633	27,293	28,860
IBNR Reserves	$ 1,379
Cumulative number of reported claims (in Claim) \| Claim	2,933
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 29,123	24,137	18,010	$ 7,023
Accident Year 2023 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	39,468	33,626	33,266
IBNR Reserves	$ 3,408
Cumulative number of reported claims (in Claim) \| Claim	2,986
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 29,019	22,232	$ 9,068
Accident Year 2024 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	31,049	34,105
IBNR Reserves	$ 3,955
Cumulative number of reported claims (in Claim) \| Claim	2,808
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 18,929	$ 8,939
Accident Year 2025 [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
Incurred losses, claims and allocated loss adjustment expenses, net of reinsurance	42,314
IBNR Reserves	$ 22,340
Cumulative number of reported claims (in Claim) \| Claim	2,371
Cumulative paid losses, claims and allocated loss adjustment expense, net of reinsurance	$ 8,193

Allowance for Expected Credit Losses

12 Months Ended

Dec. 31, 2025

Allowance for Expected Credit Losses [Abstract]

Allowance for Expected Credit Losses

Note 4. Allowance for Expected Credit Losses

Reinsurance Recoverables

	At and year ended December 31, 2025
	Reinsurance Recoverables, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	22,881	$	73
Current period change for estimated uncollectible reinsurance				(15	)
Write-offs of uncollectible reinsurance recoverables				-
Balance, end of period	$	25,539	$	58

	At and year ended December 31, 2024 (Restated)
	Reinsurance Recoverables, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	23,953	$	61
Current period change for estimated uncollectible reinsurance				12
Write-offs of uncollectible reinsurance recoverables				-
Balance, end of period	$	22,881	$	73

Insurance Premium and Other Receivables

	At and year ended December 31, 2025
	Insurance Premiums and Other, Net of Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	21,878	$	201
Current period change for expected credit losses				(12	)
Write-offs of uncollectible insurance premiums and other receivables				-
Balance, end of period	$	26,956	$	189

	At and year ended December 31, 2024 (restated)
	Insurance Premiums and Other, Net of Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of period	$	23,690	$	217
Current period change for expected credit losses				(16	)
Write-offs of uncollectible insurance premiums and other receivables				-
Balance, end of period	$	21,878	$	201

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

Income Taxes - Allocation of Total Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Taxes [Abstract]
Total tax expense (benefit) on income	$ 1,704	$ (232)
Tax expense (benefit) on components of shareholders’ equity:
Unrealized gains and losses on available-for-sale fixed maturity securities, including reclassification adjustments	1,590	(689)
LDTI future policy benefit discount-rate remeasurement, net of the related reinsurance-recoverable effect	(259)	1,843
Total tax expense on components of shareholders’ equity	1,331	1,154
Total tax expense	$ 3,035	$ 922

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

+ Details

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member] As Revised [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member] As Revised [Member]	Accumulated Other Comprehensive Loss [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Loss [Member]	Unearned Stock Grant Compensation [Member]	Treasury Stock [Member]	As Revised [Member]	Total
Balance, beginning of year at Dec. 31, 2023	$ 55	$ 22,401	$ 57,425	$ 49,721	$ (4,022)		$ (16,121)	$ 6,382	$ (9,739)	$ (13)	$ (7,401)	$ 106,067	$ 106,067
Net shares acquired related to employee share-based compensation plans											(7)
Amortization of unearned compensation										11
Accounting Standards Update [Extensible Enumeration]					ASU 2016-13 [Member]			ASU 2016-13 [Member]
Other comprehensive income, net of tax							(2,591)		4,340			(2,591)	4,340
Net income (loss)				(4,545)		$ (1,393)						(4,545)	(1,393)
Dividends on common stock						(408)
Dividends accrued on preferred stock						(399)
Balance, end of year at Dec. 31, 2024	55	$ 22,401	57,425	$ 44,369	$ 0	43,499	$ (18,712)	$ 0	(5,399)	(2)	(7,408)	$ 98,128	$ 110,571
Dividends declared on common stock per share (in Dollars per share)													$ 0.02
Balance, beginning of year (in Shares) at Dec. 31, 2023		20,402,288
Net shares acquired under employee share-based compensation plans (in Shares)		(2,530)
Balance, end of year (in Shares) at Dec. 31, 2024		20,399,758											20,399,758
Net shares acquired related to employee share-based compensation plans											(4)
Amortization of unearned compensation										2
Accounting Standards Update [Extensible Enumeration]					ASU 2016-13 [Member]			ASU 2016-13 [Member]
Other comprehensive income, net of tax									5,009				$ 5,009
Net income (loss)						6,017							6,017
Dividends on common stock						(408)
Dividends accrued on preferred stock						(399)
Balance, end of year at Dec. 31, 2025	$ 55	$ 22,401	$ 57,425			$ 48,709			$ (390)	$ 0	$ (7,412)		$ 120,788
Dividends declared on common stock per share (in Dollars per share)													$ 0.02
Net shares acquired under employee share-based compensation plans (in Shares)		(2,530)
Balance, end of year (in Shares) at Dec. 31, 2025		20,397,228											20,397,228

Future Policy Benefits - Balances of and Changes in the Liability for Future Policy Benefits (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Future Policy Benefits [Abstract]

Expected net premiums, beginning balance

$ 857,518

$ 868,412

Expected net premiums, beginning balance at original discount rate

953,511

943,693

Expected net premiums, issuances

337,635

81,455

Expected net premiums, interest accretion

40,062

33,621

Expected net premiums, net premiums collected

^[1]

(111,413)

(99,433)

Expected net premiums, other

(11)

Expected net premiums, Ending balance at original discount rate

1,207,308

953,511

Expected net premiums, effect of changes in discount rate assumptions

(65,984)

(95,993)

Expected net premiums, ending balance

1,141,324

857,518

Expected future policy benefits, beginning balance

934,303

955,130

Expected future policy benefits, beginning balance at original discount rate

1,045,935

1,037,257

Expected future policy benefits, ending balance

1,225,455

934,303

Net liability for future policy benefits, before flooring adjustments

84,131

76,785

Flooring adjustments

^[2]

588

Net liability for future policy benefits

84,719

76,881

$ 86,718

Less: reinsurance recoverable

(5,309)

(5,217)

Net liability for future policy benefits, net of reinsurance recoverable

79,410

71,664

Expected net premiums, effect of changes in cash flow assumptions

(19,498)

(19,598)

Expected net premiums, effect of actual variances from expected experience

7,022

13,767

Expected net premiums, adjusted beginning balance

941,035

937,862

Expected future policy benefits, effect of changes in cash flow assumptions

(22,066)

(21,086)

Expected future policy benefits, effect of actual variances from expected experience

4,724

12,761

Expected future policy benefits, adjusted beginning balance

1,028,593

1,028,932

Expected future policy benefits, issuances

337,203

81,483

Expected future policy benefits, interest accretion

45,287

38,580

Expected future policy benefits, benefit payments

(99,558)

(101,075)

Expected future policy benefits, other

(4,534)

(1,985)

Expected future policy benefits, ending balance at original discount rate

1,306,991

1,045,935

Expected future policy benefits, effect of changes in discount rate assumptions

(81,536)

(111,632)

Individual Life [Member]

Future Policy Benefits [Abstract]

Expected net premiums, beginning balance

18,698

19,626

Expected net premiums, beginning balance at original discount rate

19,313

19,429

Expected net premiums, issuances

785

883

Expected net premiums, interest accretion

919

947

Expected net premiums, net premiums collected

^[1]

(2,697)

(2,688)

Expected net premiums, other

(1)

Expected net premiums, Ending balance at original discount rate

18,299

19,313

Expected net premiums, effect of changes in discount rate assumptions

(229)

(615)

Expected net premiums, ending balance

18,070

18,698

Expected future policy benefits, beginning balance

62,175

67,902

Expected future policy benefits, beginning balance at original discount rate

63,964

66,232

Expected future policy benefits, ending balance

60,481

62,175

Net liability for future policy benefits, before flooring adjustments

42,411

43,477

Flooring adjustments

^[2]

Net liability for future policy benefits

42,411

43,477

Less: reinsurance recoverable

(47)

(56)

Net liability for future policy benefits, net of reinsurance recoverable

$ 42,364

$ 43,421

Weighted average liability duration (years)

8 years 8 months 12 days

8 years 4 months 24 days

Expected net premiums, effect of changes in cash flow assumptions

$ 15

$ (2)

Expected net premiums, effect of actual variances from expected experience

(35)

744

Expected net premiums, adjusted beginning balance

19,293

20,171

Expected future policy benefits, effect of changes in cash flow assumptions

(3)

Expected future policy benefits, effect of actual variances from expected experience

171

941

Expected future policy benefits, adjusted beginning balance

64,156

67,170

Expected future policy benefits, issuances

784

885

Expected future policy benefits, interest accretion

3,167

3,304

Expected future policy benefits, benefit payments

(6,558)

(6,592)

Expected future policy benefits, other

(436)

(803)

Expected future policy benefits, ending balance at original discount rate

61,113

63,964

Expected future policy benefits, effect of changes in discount rate assumptions

(632)

(1,789)

Group Life [Member]

Future Policy Benefits [Abstract]

Expected net premiums, beginning balance

60,665

52,337

Expected net premiums, beginning balance at original discount rate

67,017

56,900

Expected net premiums, issuances

15,092

21,609

Expected net premiums, interest accretion

2,926

2,762

Expected net premiums, net premiums collected

^[1]

(6,641)

(6,688)

Expected net premiums, other

Expected net premiums, Ending balance at original discount rate

66,735

67,017

Expected net premiums, effect of changes in discount rate assumptions

(3,977)

(6,352)

Expected net premiums, ending balance

62,758

60,665

Expected future policy benefits, beginning balance

66,148

56,767

Expected future policy benefits, beginning balance at original discount rate

84,798

69,013

Expected future policy benefits, ending balance

74,012

66,148

Net liability for future policy benefits, before flooring adjustments

11,254

5,483

Flooring adjustments

^[2]

Net liability for future policy benefits

11,254

5,483

Less: reinsurance recoverable

Net liability for future policy benefits, net of reinsurance recoverable

$ 11,254

$ 5,483

Weighted average liability duration (years)

16 years 2 months 12 days

17 years 2 months 12 days

Expected net premiums, effect of changes in cash flow assumptions

$ (2,046)

$ (1,729)

Expected net premiums, effect of actual variances from expected experience

(9,613)

(5,838)

Expected net premiums, adjusted beginning balance

55,358

49,333

Expected future policy benefits, effect of changes in cash flow assumptions

(2,138)

(1,749)

Expected future policy benefits, effect of actual variances from expected experience

(9,834)

(5,886)

Expected future policy benefits, adjusted beginning balance

72,826

61,378

Expected future policy benefits, issuances

15,101

21,609

Expected future policy benefits, interest accretion

3,843

3,388

Expected future policy benefits, benefit payments

(2,003)

(1,322)

Expected future policy benefits, other

(195)

(255)

Expected future policy benefits, ending balance at original discount rate

89,572

84,798

Expected future policy benefits, effect of changes in discount rate assumptions

(15,560)

(18,650)

Medicare Supplement [Member]

Future Policy Benefits [Abstract]

Expected net premiums, beginning balance

749,267

769,715

Expected net premiums, beginning balance at original discount rate

835,891

838,249

Expected net premiums, issuances

313,351

50,374

Expected net premiums, interest accretion

34,958

28,816

Expected net premiums, net premiums collected

^[1]

(97,008)

(85,637)

Expected net premiums, other

Expected net premiums, Ending balance at original discount rate

1,088,087

835,891

Expected net premiums, effect of changes in discount rate assumptions

(60,414)

(86,624)

Expected net premiums, ending balance

1,027,673

749,267

Expected future policy benefits, beginning balance

757,649

784,912

Expected future policy benefits, beginning balance at original discount rate

842,118

851,128

Expected future policy benefits, ending balance

1,036,702

757,649

Net liability for future policy benefits, before flooring adjustments

9,029

8,382

Flooring adjustments

^[2]

588

Net liability for future policy benefits

9,617

8,478

Less: reinsurance recoverable

(5,262)

(5,161)

Net liability for future policy benefits, net of reinsurance recoverable

$ 4,355

$ 3,317

Weighted average liability duration (years)

6 years 6 months

6 years 2 months 12 days

Expected net premiums, effect of changes in cash flow assumptions

$ (17,467)

$ (17,867)

Expected net premiums, effect of actual variances from expected experience

18,362

21,955

Expected net premiums, adjusted beginning balance

836,786

842,337

Expected future policy benefits, effect of changes in cash flow assumptions

(19,947)

(19,334)

Expected future policy benefits, effect of actual variances from expected experience

17,130

21,730

Expected future policy benefits, adjusted beginning balance

839,301

853,524

Expected future policy benefits, issuances

313,018

50,327

Expected future policy benefits, interest accretion

36,102

29,975

Expected future policy benefits, benefit payments

(88,477)

(90,961)

Expected future policy benefits, other

(2,875)

(747)

Expected future policy benefits, ending balance at original discount rate

1,097,069

842,118

Expected future policy benefits, effect of changes in discount rate assumptions

(60,367)

(84,469)

Other Individual Health [Member]

Future Policy Benefits [Abstract]

Expected net premiums, beginning balance

28,888

26,734

Expected net premiums, beginning balance at original discount rate

31,290

29,115

Expected net premiums, issuances

8,407

8,589

Expected net premiums, interest accretion

1,259

1,096

Expected net premiums, net premiums collected

^[1]

(5,067)

(4,420)

Expected net premiums, other

(10)

Expected net premiums, Ending balance at original discount rate

34,187

31,290

Expected net premiums, effect of changes in discount rate assumptions

(1,364)

(2,402)

Expected net premiums, ending balance

32,823

28,888

Expected future policy benefits, beginning balance

48,331

45,549

Expected future policy benefits, beginning balance at original discount rate

55,055

50,884

Expected future policy benefits, ending balance

54,260

48,331

Net liability for future policy benefits, before flooring adjustments

21,437

19,443

Flooring adjustments

^[2]

Net liability for future policy benefits

21,437

19,443

Less: reinsurance recoverable

Net liability for future policy benefits, net of reinsurance recoverable

$ 21,437

$ 19,443

Weighted average liability duration (years)

7 years 10 months 24 days

8 years 2 months 12 days

Expected net premiums, effect of changes in cash flow assumptions

$ 0

Expected net premiums, effect of actual variances from expected experience

(1,692)

(3,094)

Expected net premiums, adjusted beginning balance

29,598

26,021

Expected future policy benefits, effect of changes in cash flow assumptions

(2)

Expected future policy benefits, effect of actual variances from expected experience

(2,743)

(4,024)

Expected future policy benefits, adjusted beginning balance

52,310

46,860

Expected future policy benefits, issuances

8,300

8,662

Expected future policy benefits, interest accretion

2,175

1,913

Expected future policy benefits, benefit payments

(2,520)

(2,200)

Expected future policy benefits, other

(1,028)

(180)

Expected future policy benefits, ending balance at original discount rate

59,237

55,055

Expected future policy benefits, effect of changes in discount rate assumptions

$ (4,977)

$ (6,724)

[1]	Net premiums represent the portion of gross premiums collected from policyholders that is necessary to fund expected benefit payments.
[2]	Flooring adjustments are necessary when the present value of future net premiums exceeds the present value of future benefits for a given cohort. The flooring adjustment is the total of the flooring adjustments for each cohort, if any. These adjustments ensure that the liability for future policy benefits is at least zero for all cohorts.

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
CONSOLIDATED BALANCE SHEETS [Abstract]
Fixed maturities, cost	$ 260,225	$ 236,299
Allowance for credit losses	0	0
Equity securities, cost	4,943	4,939
Other invested assets, cost	7,946	7,946
Investment in unconsolidated trusts, cost	1,238	1,238
Reinsurance, allowance for uncollectible reinsurance	58	73
Insurance premiums and other, allowance for expected credit losses	$ 189	$ 201
Preferred stock, par value (in Dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in Shares)	4,000,000	4,000,000
Preferred stock, shares outstanding (in Shares)	55,000	55,000
Preferred stock, shares issued (in Shares)	55,000	55,000
Preferred stock, redemption value	$ 5,500	$ 5,500
Common stock, par value (in Dollars per share)	$ 1	$ 1
Common stock, shares authorized (in Shares)	50,000,000	50,000,000
Common stock, shares issued (in Shares)	22,400,894	22,400,894
Common stock, shares outstanding (in Shares)	20,397,228	20,399,758
Treasury stock, at cost (in Shares)	2,003,666	2,001,136

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2025

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT [Abstract]

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT

Schedule II

Page 1 of 3

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION

(Parent Company Only)

BALANCE SHEETS

	December 31,
	2025		2024
			(Restated)
ASSETS	(In thousands)
Cash and cash equivalents	$	2,196	$	3,916
Investments		1,909		1,696
Investment in subsidiaries		133,212		122,232
Investments in unconsolidated trusts		1,238		1,238
Deferred tax asset, net		15,044		15,970
Income taxes receivable from subsidiaries		2,839		658
Other assets		10,353		9,874
Total assets	$	166,791	$	155,584

LIABILITIES AND SHAREHOLDERS’ EQUITY
Other payables	$	7,244	$	7,252
Revolving credit facility		5,021		4,023
Junior subordinated debentures obligations, net		33,738		33,738
Total liabilities		46,003		45,013

Shareholders’ equity		120,788		110,571
Total liabilities and shareholders’ equity	$	166,791	$	155,584

Schedule II

Page 2 of 3

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION

(Parent Company Only)

STATEMENTS OF OPERATIONS

	Year Ended December 31,
	2025			2024
				(Restated)
	(In thousands)
Revenue
Fee income from subsidiaries	$	9,694		$	9,531
Distributed earnings from subsidiaries		8,400			9,000
Unrealized losses on equity securities, net		168			(187	)
Other		(164	)		(159	)
Total revenue		18,098			18,185

General and administrative expenses		16,489			16,073

Interest expense		3,081			3,419
		(1,472	)		(1,307	)
Income tax benefit⁽¹⁾		2,805			1,922
		1,333			615
Equity in undistributed earnings of subsidiaries, net		4,684			(2,008	)
Net income (loss)	$	6,017		$	(1,393	)

(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 II

Page 3 of 3

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION

(Parent Company Only)

STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2025			2024
				(Restated)
	(In thousands)
Cash flows from operating activities:
Net income (loss)	$	6,017		$	(1,393	)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Unrealized (gains) losses on equity securities, net		(168	)		187
Depreciation and amortization		89			190
Compensation expense related to share awards		2			11
(Deficit) equity in undistributed earnings of consolidated subsidiaries		(4,684	)		2,008
(Increase) decrease in intercompany taxes		(2,180	)		1,330
Deferred income tax (benefit) expense		(413	)		(3,290	)
(Increase) decrease in accounts payable and accrued expenses		(8	)		3,303
Other, net		(366	)		(1,336	)
Net cash (used in) provided by operating activities		(1,711	)		1,010

Cash flows from investing activities:
Additions to property and equipment		(198	)		(53	)
Net cash used in investing activities		(198	)		(53	)

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		-			-
Proceeds from revolving credit facility, net		1,000			1,000
Treasury stock acquired — net employee share-based compensation		(4	)		(7	)
Net cash provided by financing activities		189			186

Net increase in cash		(1,720	)		1,143
Cash and cash equivalents at beginning of year		3,916			2,773
Cash and cash equivalents at end of year	$	2,196		$	3,916

Supplemental disclosure:
Cash paid for interest	$	3,106		$	3,445
Cash paid for federal income taxes	$	1,652		$	580
Cash paid for state income taxes	$	187		$	213
Intercompany tax settlement from subsidiaries	$	1,319		$	4,352

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2025
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 19. 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 arising 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. Regulatory Matters Like all domestic insurance companies, the Company’s insurance subsidiaries are subject to regulation and supervision in the jurisdictions in which they do business. Statutes typically delegate regulatory, supervisory, and administrative powers to state insurance commissioners. From time to time, and in the ordinary course of business, the Company receives notices and inquiries from state insurance departments with respect to various matters. In the opinion of management, any such known regulatory matters are not expected to have a material effect on the financial condition or results of operations of the Company.

Credit Arrangements

12 Months Ended

Dec. 31, 2025

Credit Arrangements [Abstract]

Credit Arrangements

Note 11. Credit Arrangements

Bank Debt

On May 12, 2021, the Company entered into a revolving credit agreement (“Revolving Credit Agreement”) with Truist Bank as the lender (the “Lender”). The Revolving Credit Agreement provides for an unsecured $10,000 revolving credit facility that originally matured on April 12, 2024. On March 22, 2024, the Company entered into a First Amendment (the "Amendment") to its Revolving Credit Agreement (as amended, the “Credit Agreement”) with the Lender. The Amendment, among other things, (a) updates the interest rate provisions to memorialize that the Company pays interest on the unpaid principal balance of outstanding revolving loans at the Adjusted Term SOFR rate (as defined in the Credit Agreement), plus 2.00%, (b) extends the maturity date of the revolving credit facility to March 22, 2027, (c) requires the monthly payment of an unused commitment fee of 0.2% of the unused facility amount, and (d) requires that the Company maintain a consolidated net worth of not less than $64,200. On May 27, 2026, July 31, 2026, October 9, 2026 and October 15, 2026, the Company and the Lender entered into amendments to the Credit Agreement, each of which had the effect of extending the then-applicable deadlines by which the Company must deliver to the Lender (i) the Company’s audited consolidated financial statements for the year ended December 31, 2025, (ii) the Company’s interim consolidated financial statements for the quarters ended March 31, 2026, June 30, 2026 and September 30, 2026, and (iii) related certificates of the Company’s compliance with financial covenants under the Credit Agreement and certain other matters. The Fifth Amendment to the Revolving Credit Agreement, dated October 15, 2026, also amended the minimum AM Best financial strength rating that must be maintained by American Southern Insurance Company to be no lower than “A-” and waived related defaults under the Credit Agreement occurring prior to such amendment. Except as modified by these amendments, the existing terms of the original Credit Agreement remain in effect.

The Credit Agreement requires the Company to comply with certain covenants, including a debt-to-capital ratio that restricts the Company from incurring consolidated indebtedness that exceeds 35% of the Company’s consolidated capitalization at any time and maintaining a minimum consolidated net worth, as previously mentioned. The Credit Agreement also contains customary representations and warranties and events of default. Events of default include, among others, (a) the failure by the Company to pay any amounts owed under the Credit Agreement when due, (b) the failure to perform and not timely remedy certain covenants, (c) a change in control of the Company and (d) the occurrence of bankruptcy or insolvency events. Upon an event of default, the Lender may, among other things, declare all obligations under the Credit Agreement immediately due and payable and terminate the revolving commitments. As of December 31, 2025 and 2024, the Company had outstanding borrowings of $5,021 and $4,023, respectively, under the Credit Agreement.

For the year ended 2025 and 2024, the Company incurred $257 and $283 in interest expense, respectively, on the revolving credit facility borrowing. During the year ended 2025 and 2024, the Company paid $12 and $9, respectively, in fees on the available unused amount of the revolving credit facility of $5,000 and $6,000, respectively. At December 31, 2025 and 2024, the effective interest rate was 5.97% and 6.67%, respectively.

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 the Company; and (iii) engaging in those activities necessary or incidental thereto.

The outstanding $18,042 and $15,696 of Junior Subordinated Debentures mature on December 4, 2032 and May 15, 2033, respectively, are callable quarterly, in whole or in part, only at the option of the Company. Prior to July 1, 2023, the interest rate was based on 3-month LIBOR plus an applicable margin. Effective July 1, 2023, the interest rate is determined based on a reference rate of the 3-month SOFR plus applicable tenor spread of 0.26161% plus an applicable margin, ranging from 4.00% to 4.10%. At December 31, 2025 and 2024, the effective interest rate was 8.13% and 8.82%, respectively.

The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2025 and 2024, was as follows:

		Atlantic American Statutory Trust I		Atlantic American Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES⁽¹⁾⁽²⁾
Balance December 31, 2025	$	18,042	$	23,196
Less: Treasury debt⁽³⁾		-		(7,500	)
Net balance December 31, 2025	$	18,042	$	15,696
Net balance December 31, 2024	$	18,042	$	15,696
Coupon rate		3-Month SOFR + 0.26161 spread adj + 4.00%		3-Month SOFR + 0.26161 spread adj + 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		3-Month SOFR + 0.26161 spread adj + 4.00%		3-Month SOFR + 0.26161 spread adj + 4.10%
Distribution payable		Quarterly		Quarterly
Distribution guaranteed by⁽⁴⁾		Atlantic American Corporation		Atlantic American Corporation

(1)

(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.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Note 20. Subsequent Events Management evaluated events and transactions occurring after December 31, 2025 through October 16, 2026, the date these consolidated financial statements were available to be issued, to determine whether such events required recognition or disclosure in the consolidated financial statements. Based on this evaluation, management identified the following subsequent events: Delinquent SEC Filings As previously disclosed, the Company has received notices from Nasdaq stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the SEC. The Company is not in compliance with the Rule due to its delay in filing this Form 10-K and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026 (collectively, the “Delinquent Reports”). Following the Company’s timely submission of a compliance plan, Nasdaq informed the Company that it was granted an extension until October 12, 2026 to regain compliance with the Rule. The Company expects that it will receive a staff delisting determination from Nasdaq due to its inability to file each of the Delinquent Reports by such date. While the Company intends to appeal such determination to a Nasdaq Hearings Panel, an appeal may not be successful in preventing the suspension of trading, or delisting of, the Company’s common stock from Nasdaq. The Company continues to work diligently toward filing the remaining Delinquent Reports and regaining compliance with the Rule as promptly as practicable. CFO Resignation As previously disclosed, on April 29, 2026, J. Ross Franklin notified the Company of his decision to resign as Vice President, Chief Financial Officer and Secretary of the Company, effective May 27, 2026. Mr. Franklin’s decision to resign is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company has commenced the process to name a successor to Mr. Franklin as Chief Financial Officer. Amendments to Credit Agreement On May 27, 2026, July 31, 2026, October 9, 2026 and October 15, 2026, the Company entered into amendments to its Revolving Credit Agreement dated as of May 12, 2021 (as amended, the “Credit Agreement”) with Truist Bank as the lender (the “Lender”), each of which had the effect of extending the then-applicable deadlines by which the Company must deliver to the Lender (i) the Company’s audited consolidated financial statements for the year ended December 31, 2025, (ii) the Company’s interim consolidated financial statements for the quarters ended March 31, 2026, June 30, 2026 and September 30, 2026, and (iii) related certificates of the Company’s compliance with financial covenants under the Credit Agreement and certain other matters. The Fifth Amendment to the Revolving Credit Agreement, dated October 15, 2026, also amended the minimum AM Best financial strength rating that must be maintained by American Southern Insurance Company to be no lower than “A-” and waived related defaults under the Credit Agreement occurring prior to such amendment. Bankers Fidelity Audited Statutory Financial Statements and Second-Quarter Statutory Filing As of the date of this Form 10-K, Bankers Fidelity has not yet filed its annual audited statutory financial statements for the fiscal year ended December 31, 2025 or quarterly statutory financial statements for the quarter ended June 30, 2026 with the applicable state insurance regulatory authorities. Bankers Fidelity is working with its independent auditors and the state regulators to complete and file the required financial statements and intends to seek an extension if appropriate. If Bankers Fidelity is unable to file the required financial statements by the applicable deadlines (including as the same may be extended), actions may be imposed by the applicable regulatory authorities. Nebraska Regulatory Examination On August 24, 2026, the Nebraska Department of Insurance commenced a regulatory examination of the applicable insurance subsidiary. The Company is cooperating with the examination. Any findings or recommendations will be evaluated upon completion of the examination and issuance of a final examination report.

Credit Arrangements - Bank Debt (Details) - Revolving Credit Facility [Member]		12 Months Ended
	Mar. 22, 2024 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	May 12, 2021 USD ($)
Credit Arrangements [Abstract]
Unsecured credit facility				$ 10,000,000
Maturity date		Apr. 12, 2024
Outstanding borrowings		$ 5,021,000	$ 4,023,000
Interest expense		257,000	283,000
Available unused amount fee paid		12,000	9,000
Available unused amount		$ 5,000	$ 6,000
Debt instrument, effective interest rate percentage		5.97%	6.67%
Amendment [Member]
Credit Arrangements [Abstract]
Maturity date		Mar. 22, 2027
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	TermSecuredOvernightFinancingRateSOFRMember
Basis spread on variable rate	2.00%
Unused commitment fee	0.20%
Minimum [Member]
Credit Arrangements [Abstract]
Indebtedness capital ratio		0.35
Minimum [Member] \| Amendment [Member]
Credit Arrangements [Abstract]
Net worth	$ 64,200,000

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income (loss)	$ 6,017	$ (1,393)
Other comprehensive gain:
Gross unrealized holding gain (loss) on available-for-sale fixed maturities	7,102	(3,263)
Reclassification adjustment for net realized gains (losses) included in net income (loss)	471	(17)
Change in future policy benefit due to change in discount rate	(1,233)	8,774
Subtotal	6,340	5,494
Related income tax (expense) benefit	(1,331)	(1,154)
Subtotal	(1,331)	(1,154)
Total other comprehensive income, net of tax	5,009	4,340
Total comprehensive income	$ 11,026	$ 2,947

Other Insurance Reserves and Policyholder Funds - Summary of Activity in Liabilities for Unpaid Loss and Claim Reserved (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Other Insurance Reserves and Policyholder Funds [Abstract]

Balance at January 1

$ 93,707

$ 87,478

Less: Reinsurance recoverable on unpaid losses

(17,390)

(14,678)

Net balance at January 1

76,317

72,800

Incurred related to:

Current year

123,043

112,393

Prior years

1,076

^[1]

5,708

^[2]

Total incurred

124,119

118,101

Paid related to:

Current year

64,115

64,300

Prior years

41,783

50,284

Total paid

105,898

114,584

Net balance at December 31

94,538

76,317

Plus: Reinsurance recoverable on unpaid losses

19,298

17,390

Balance at December 31

$ 113,836

$ 93,707

[1]	Prior years’ development was primarily the result of unfavorable development in the property and casualty operations predominately in the automobile liability line of business due to reserve strengthening, partially offset by favorable development in the Medicare Supplement line of business in the life and health segment.
[2]	Prior years’ development was primarily the result of unfavorable development in the property and casualty operations in the automobile liability line of business due to frequency and severity in the inflationary factors, as well as unfavorable development in the 2021 and 2022 accident years.

Other Insurance Reserves and Policyholder Funds - Supplementary Information about Average Historical Claims Duration (Details)	Dec. 31, 2025
Medicare Supplement [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
1st Year	80.50%
2nd Year	18.10%
3rd Year	0.30%
4th Year	0.00%
5th Year	0.00%
6th Year	0.00%
7th Year	0.00%
8th Year	0.00%
9th Year	0.00%
10th Year	0.00%
4th Year	0.00%
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]
Other Insurance Reserves and Policyholder Funds [Abstract]
1st Year	24.60%
2nd Year	29.40%
3rd Year	17.60%
4th Year	14.20%
5th Year	8.50%
6th Year	3.80%
7th Year	2.50%
8th Year	0.60%
9th Year	0.00%
10th Year	0.00%
4th Year	(14.20%)
5th Year	(8.50%)
6th Year	(3.80%)
7th Year	(2.50%)
8th Year	(0.60%)
9th Year	0.00%
10th Year	0.00%
Automobile Physical Damage [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
1st Year	80.30%
2nd Year	16.90%
3rd Year	0.00%
4th Year	0.40%
5th Year	0.10%
6th Year	0.00%
7th Year	0.00%
8th Year	0.00%
9th Year	0.00%
10th Year	0.00%
4th Year	(0.40%)
5th Year	(0.10%)
6th Year	0.00%
7th Year	0.00%
8th Year	0.00%
9th Year	0.00%
10th Year	0.00%
General Liability [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
1st Year	18.10%
2nd Year	23.60%
3rd Year	24.40%
4th Year	16.90%
5th Year	12.90%
6th Year	3.30%
7th Year	4.10%
8th Year	0.00%
9th Year	0.00%
10th Year	0.00%
4th Year	(16.90%)
5th Year	(12.90%)
6th Year	(3.30%)
7th Year	(4.10%)
8th Year	0.00%
9th Year	0.00%
10th Year	0.00%
Surety [Member]
Other Insurance Reserves and Policyholder Funds [Abstract]
1st Year	46.90%
2nd Year	51.60%
3rd Year	10.30%
4th Year	11.70%
5th Year	7.20%
6th Year	3.00%
7th Year	1.00%
8th Year	0.10%
9th Year	0.30%
10th Year	0.40%
4th Year	(11.70%)
5th Year	(7.20%)
6th Year	(3.00%)
7th Year	(1.00%)
8th Year	(0.10%)
9th Year	(0.30%)
10th Year	(0.40%)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Future Policy Benefits - Liability for Future Policy Benefits, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Future Policy Benefits [Abstract]
Net liability for future policy benefits	$ 84,719	$ 76,881	$ 86,718
Less: reinsurance recoverable	(5,309)	(5,217)
Net liability for future policy benefits, net of reinsurance recoverable	79,410	71,664
Individual Life [Member]
Future Policy Benefits [Abstract]
Net liability for future policy benefits	42,411	43,477
Less: reinsurance recoverable	(47)	(56)
Net liability for future policy benefits, net of reinsurance recoverable	42,364	43,421
Group Life [Member]
Future Policy Benefits [Abstract]
Net liability for future policy benefits	11,254	5,483
Less: reinsurance recoverable	0	0
Net liability for future policy benefits, net of reinsurance recoverable	11,254	5,483
Medicare Supplement [Member]
Future Policy Benefits [Abstract]
Net liability for future policy benefits	9,617	8,478
Less: reinsurance recoverable	(5,262)	(5,161)
Net liability for future policy benefits, net of reinsurance recoverable	4,355	3,317
Other Individual Health [Member]
Future Policy Benefits [Abstract]
Net liability for future policy benefits	21,437	19,443
Less: reinsurance recoverable	0	0
Net liability for future policy benefits, net of reinsurance recoverable	$ 21,437	$ 19,443

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Investments - Investment Securities with Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investments [Abstract]
Less than 12 months, Fair value	$ 23,809	$ 23,461
Less than 12 months, Unrealized losses	916	798
12 months or longer, Fair value	152,872	163,974
12 months or longer, Unrealized losses	17,086	23,803
Fair value	176,681	187,435
Unrealized losses	18,002	24,601
U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Investments [Abstract]
Less than 12 months, Fair value	846	3,753
Less than 12 months, Unrealized losses	3	33
12 months or longer, Fair value	13,934	16,136
12 months or longer, Unrealized losses	1,522	2,111
Fair value	14,780	19,889
Unrealized losses	1,525	2,144
Loan Backed and Structured Securities [Member]
Investments [Abstract]
Less than 12 months, Fair value	1,793	1,010
Less than 12 months, Unrealized losses	14	5
12 months or longer, Fair value	13,755	16,069
12 months or longer, Unrealized losses	1,308	2,452
Fair value	15,548	17,079
Unrealized losses	1,322	2,457
Obligations of States and Political Subdivisions [Member]
Investments [Abstract]
Less than 12 months, Fair value	1,087	0
Less than 12 months, Unrealized losses	238	0
12 months or longer, Fair value	4,823	5,839
12 months or longer, Unrealized losses	1,207	1,517
Fair value	5,910	5,839
Unrealized losses	1,445	1,517
Corporate Securities [Member]
Investments [Abstract]
Less than 12 months, Fair value	20,083	18,510
Less than 12 months, Unrealized losses	661	755
12 months or longer, Fair value	120,360	125,930
12 months or longer, Unrealized losses	13,049	17,723
Fair value	140,443	144,440
Unrealized losses	$ 13,710	18,478
Redeemable Preferred Stocks [Member]
Investments [Abstract]
Less than 12 months, Fair value		188
Less than 12 months, Unrealized losses		5
12 months or longer, Fair value		0
12 months or longer, Unrealized losses		0
Fair value		188
Unrealized losses		$ 5

Related Party Transactions (Details) $ in Thousands	12 Months Ended
Related Party Transactions (Details) $ in Thousands	Dec. 31, 2025 USD ($) ft² Director shares	Dec. 31, 2024 USD ($) shares
Related Party Transactions [Abstract]
Number of board of directors (in Director) \| Director	2
Rental expense for operating leases	$ 1,186	$ 1,014
Payment of dividends on Series D Preferred Stock	399	399
Series D Preferred Stock [Member]
Related Party Transactions [Abstract]
Payment of dividends on Series D Preferred Stock	$ 399	399
Delta Life Insurance Company [Member]
Related Party Transactions [Abstract]
Office and covered garage space leased (in Square Feet) \| ft²	49,586
Rental expense for operating leases	$ 1,352	1,153
Members of Management [Member]
Related Party Transactions [Abstract]
Aggregate carrying value of investments in Gray	11,076	6,751
Premiums paid by Gray for employee benefit plans	$ 2,119	$ 2,173
Members of Management [Member] \| Class A Common Stock [Member]
Related Party Transactions [Abstract]
Shares of common stock owned (in Shares) \| shares	880,272	880,272
Members of Management [Member] \| Common Stock [Member]
Related Party Transactions [Abstract]
Shares of common stock owned (in Shares) \| shares	106,000	106,000

Deferred Policy Acquisition Costs - Deferred Policy Acquisition Costs for Bankers Fidelity (Details) - Bankers Fidelity [Member] - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

$ 38,378

^[1]

$ 37,856

Capitalized expenses

10,298

10,741

Amortization of DAC

(9,113)

(10,219)

Balance, end of year

^[1]

39,563

38,378

Individual Life [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

6,258

6,428

Capitalized expenses

514

376

Amortization of DAC

(601)

(546)

Balance, end of year

6,171

6,258

Group Whole Life [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

10,788

8,435

Capitalized expenses

3,440

3,818

Amortization of DAC

(2,090)

(1,465)

Balance, end of year

12,138

10,788

Medicare Supplement [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

17,368

19,443

Capitalized expenses

3,270

1,985

Amortization of DAC

(3,415)

(4,060)

Balance, end of year

17,223

17,368

Other Individual Accident and Health [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

3,958

3,527

Capitalized expenses

1,521

1,229

Amortization of DAC

(1,451)

(798)

Balance, end of year

4,028

3,958

Group Accident and Health [Member]

Deferred Policy Acquisition Costs [Abstract]

Balance, beginning of year

Capitalized expenses

1,553

3,333

Amortization of DAC

(1,556)

(3,350)

Balance, end of year

$ 3

$ 6

[1]

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT - STATEMENTS OF CASH FLOWS (Details) - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Cash flows from operating activities:
Net income (loss)	$ 6,017	$ (1,393)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Unrealized (gains) losses on equity securities, net	(168)	187
Depreciation and amortization	89	190
Compensation expense related to share awards	2	11
(Deficit) equity in undistributed earnings of consolidated subsidiaries	(4,684)	2,008
(Increase) decrease in intercompany taxes	(2,180)	1,330
Deferred income tax (benefit) expense	(413)	(3,290)
(Increase) decrease in accounts payable and accrued expenses	(8)	3,303
Other, net	(366)	(1,336)
Net cash provided by operating activities	(1,711)	1,010
Cash flows from investing activities:
Additions to property and equipment	(198)	(53)
Net cash (used in) provided by investing activities	(198)	(53)
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	0	0
Proceeds from revolving credit facility, net	1,000	1,000
Treasury stock acquired — net employee share-based compensation	(4)	(7)
Net cash provided by financing activities	189	186
Net increase in cash	(1,720)	1,143
Cash and cash equivalents at beginning of year	3,916	2,773
Cash and cash equivalents at end of year	2,196	3,916
Supplemental disclosure:
Cash paid for interest	3,106	3,445
Cash paid for federal income taxes	1,652	580
Cash paid for state income taxes	187	213
Intercompany tax settlement from subsidiaries	$ 1,319	$ 4,352

Reinsurance (Details) - USD ($)	12 Months Ended
Reinsurance (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Reinsurance [Abstract]
Life insurance reinsured and yearly renewable term agreements	$ 1,040,300,000
Bankers Fidelity [Member]
Reinsurance [Abstract]
Life insurance reinsured and yearly renewable term agreements	5,700,000
Inland Marine and Commercial Automobile Physical Damage [Member] \| American Southern [Member]
Reinsurance [Abstract]
Excess retention, property and casualty operations	225,000
Retained limitations, property and casualty operations	125,000
Automobile Liability and General Liability [Member] \| American Southern [Member]
Reinsurance [Abstract]
Excess retention, property and casualty operations	2,000,000
Property Catastrophe Treaty [Member] \| American Southern [Member]
Reinsurance [Abstract]
Excess retention, property and casualty operations	5,500,000
Retained limitations, property and casualty operations	500,000
Medicare Supplement [Member]
Reinsurance [Abstract]
Excess retention, life and health operations	$ 36,900,000
Retention percentage	71.00%
Cession percentage	50.00%
Retained limitations, life and health operations	$ 51,900,000
Percentage of annualized premium	100.00%
Annualized premium amount	$ 30,000,000
Minimum [Member] \| Automobile Liability and General Liability [Member] \| American Southern [Member]
Reinsurance [Abstract]
Retained limitations, property and casualty operations	100,000
Maximum [Member] \| Bankers Fidelity [Member]
Reinsurance [Abstract]
Excess retention, life and health operations	200,000
Maximum [Member] \| Automobile Liability and General Liability [Member] \| American Southern [Member]
Reinsurance [Abstract]
Retained limitations, property and casualty operations	700,000
Maximum [Member] \| Medicare Supplement [Member]
Reinsurance [Abstract]
Retained limitations, life and health operations	$ 30,000,000
General Re Life Corporation [Member] \| Reinsurer Concentration Risk [Member] \| Reinsurance Recoverable [Member]
Reinsurance [Abstract]
Percentage of reinsurance recoverables due from reinsurers	99.80%	99.80%
Reinsurance recoverables due	$ 25,539,000	$ 22,881,000

Leases - Additional Information of Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Other information on operating leases:
Cash payments included in the measurement of lease liabilities reported in operating cash flows	$ 1,254	$ 1,065
Right-of-use assets included in other assets on the consolidated balance sheet	$ 4,632	$ 5,225
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Weighted average discount rate	7.90%	6.80%
Weighted average remaining lease term in years	6 years 8 months 12 days	7 years 10 months 24 days

Credit Arrangements - Financial Structure of Statutory Business Trusts (Details)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

$ / shares

Dec. 31, 2024

USD ($)

Junior Subordinated Debentures [Member]

Credit Arrangements [Abstract]

Number of consecutive quarters for which interest payments can be deferred

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

Credit Arrangements [Abstract]

Balance December 31, 2025

^[1],[2]

$ 18,042

Less: Treasury debt

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

Net balance December 31, 2025

^[1],[2]

18,042

Net balance December 31, 2024

^[1],[2]

$ 18,042

Coupon rate

3-Month SOFR + 0.26161 spread adj + 4.00%

Treasury debt

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

$ 0

Interest payable

Quarterly

Maturity date

Dec. 04, 2032

Redeemable by issuer

Yes

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

Credit Arrangements [Abstract]

Balance December 31, 2025

^[1],[2]

$ 23,196

Less: Treasury debt

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

(7,500)

Net balance December 31, 2025

^[1],[2]

15,696

Net balance December 31, 2024

^[1],[2]

$ 15,696

Coupon rate

3-Month SOFR + 0.26161 spread adj + 4.10%

Treasury debt

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

$ 7,500

Interest payable

Quarterly

Maturity date

May 15, 2033

Redeemable by issuer

Yes

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

Credit Arrangements [Abstract]

Coupon rate

3-Month SOFR + 0.26161 spread adj + 4.00%

Distribution payable

Quarterly

Distribution guaranteed by

^[4]

Atlantic American Corporation

Issuance date

Dec. 04, 2002

Securities issued | shares

17,500

Liquidation preference per security | $ / shares

$ 1

Liquidation value

$ 17,500

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

Credit Arrangements [Abstract]

Coupon rate

3-Month SOFR + 0.26161 spread adj + 4.10%

Distribution payable

Quarterly

Distribution guaranteed by

^[4]

Atlantic American Corporation

Issuance date

May 15, 2003

Securities issued | shares

22,500

Liquidation preference per security | $ / shares

$ 1

Liquidation value

$ 22,500

[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.

Segment Information (Details)	12 Months Ended
Segment Information (Details)	Dec. 31, 2025 Segment
Segment Information [Abstract]
Number of reportable segments	2

Preferred Stock	12 Months Ended
Preferred Stock	Dec. 31, 2025
Preferred Stock [Abstract]
Preferred Stock	Note 14. Preferred Stock The Company had 55,000 shares of Series D preferred stock (“Series D Preferred Stock”) outstanding at December 31, 2025 and 2024, 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 par value of $1 per share and a redemption 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, 2025 and 2024. During each of 2025 and 2024, the Company paid Series D Preferred Stock dividends of $399.