Atlantic American (AAME) 10-K 24 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 20, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	ATLANTIC AMERICAN CORP
Entity Central Index Key	8,177
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 17,132,500
Entity Common Stock, Shares Outstanding		20,422,924
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 13,252	$ 15,622
Investments	244,177	238,385
Receivables:
Reinsurance	11,703	11,759
Insurance premiums and other, net of allowance for doubtful accounts of $280 and $528 in 2016 and 2015, respectively	12,581	11,988
Deferred income taxes, net	160	829
Deferred acquisition costs	28,975	27,866
Other assets	5,208	5,610
Intangibles	2,544	2,544
Total assets	318,600	314,603
LIABILITIES AND SHAREHOLDERS' EQUITY
Insurance reserves and policyholder funds	162,679	163,345
Accounts payable and accrued expenses	16,677	15,028
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	213,094	212,111
Commitments and contingencies (Note 7)
Shareholders' equity:
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value	55	55
Common stock, $1 par, 50,000,000 shares authorized; 22,400,894 shares issued; 20,446,705 and 20,426,536 shares outstanding in 2016 and 2015, respectively	22,401	22,401
Additional paid-in capital	57,114	56,623
Retained earnings	27,272	25,443
Accumulated other comprehensive income	5,830	4,584
Unearned stock grant compensation	(428)	(273)
Treasury stock, at cost, 1,954,189 and 1,974,358 shares in 2016 and 2015, respectively	(6,738)	(6,341)
Total shareholders' equity	105,506	102,492
Total liabilities and shareholders' equity	$ 318,600	$ 314,603

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Receivables:
Insurance premiums and other, allowance for doubtful accounts	$ 280	$ 528
Shareholders' equity:
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 issued (in shares)	55,000	55,000
Preferred stock, shares outstanding (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)	20,446,705	20,426,536
Treasury stock, at cost (in shares)	1,954,189	1,974,358

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue:
Insurance premiums	$ 153,465	$ 150,892
Investment income	9,884	10,085
Realized investment gains, net	2,595	4,857
Other income	133	103
Total revenue	166,077	165,937
Benefits and expenses:
Insurance benefits and losses incurred	103,197	101,364
Commissions and underwriting expenses	44,797	43,235
Interest expense	1,562	1,429
Other expense	12,997	14,201
Total benefits and expenses	162,553	160,229
Income before income taxes	3,524	5,708
Income tax expense	888	1,320
Net income	2,636	4,388
Preferred stock dividends	(399)	(399)
Net income applicable to common shareholders	$ 2,237	$ 3,989
Earnings per common share (basic and diluted) (in dollars per share)	$ 0.11	$ 0.19

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]
Net income		$ 2,636	$ 4,388
Available-for-sale securities:
Gross unrealized holding gain (loss) arising in the period		4,512	(2,366)
Related income tax effect		(1,579)	828
Less: reclassification adjustment for net realized gains included in net income	[1]	(2,595)	(4,857)
Related income tax effect	[2]	908	1,700
Total other comprehensive income (loss), net of tax		1,246	(4,695)
Total comprehensive income (loss)		$ 3,882	$ (307)
[1]	Realized gains on available-for-sale securities recognized in realized investment gains, net on the accompanying consolidated statements of operations.
[2]	Income tax effect on reclassification adjustment for net realized gains included in income tax expense on the accompanying consolidated statements of operations.

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Unearned Stock Grant Compensation [Member]	Treasury Stock [Member]	Total
Beginning Balance at Dec. 31, 2014	$ 55	$ 22,401	$ 56,491	$ 21,866	$ 9,279	$ (460)	$ (5,437)	$ 104,195
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	4,388	0	0	0	4,388
Other comprehensive income (loss) , net of tax	0	0	0	0	(4,695)	0	0	(4,695)
Dividends on common stock	0	0	0	(412)	0	0	0	(412)
Dividends on preferred stock	0	0	0	(399)	0	0	0	(399)
Restricted stock grants	0	0	103	0	0	(178)	75	0
Amortization of unearned compensation	0	0	0	0	0	365	0	365
Purchase of shares for treasury	0	0	0	0	0	0	(997)	(997)
Issuance of shares under stock plans	0	0	29	0	0	0	18	47
Ending Balance at Dec. 31, 2015	55	22,401	56,623	25,443	4,584	(273)	(6,341)	102,492
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	2,636	0	0	0	2,636
Other comprehensive income (loss) , net of tax	0	0	0	0	1,246	0	0	1,246
Dividends on common stock	0	0	0	(408)	0	0	0	(408)
Dividends on preferred stock	0	0	0	(399)	0	0	0	(399)
Restricted stock grants	0	0	461	0	0	(741)	280	0
Amortization of unearned compensation	0	0	0	0	0	586	0	586
Purchase of shares for treasury	0	0	0	0	0	0	(698)	(698)
Issuance of shares under stock plans	0	0	30	0	0	0	21	51
Ending Balance at Dec. 31, 2016	$ 55	$ 22,401	$ 57,114	$ 27,272	$ 5,830	$ (428)	$ (6,738)	$ 105,506

CONSOLIDATED STATEMENTS OF SHA7

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares purchased (in shares)	173,008	233,368
Shares issued under stock plans (in shares)	13,177	11,565

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 2,636	$ 4,388
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred acquisition costs	11,884	10,320
Acquisition costs deferred	(12,993)	(11,205)
Realized investment gains, net	(2,595)	(4,857)
Decrease in insurance reserves and policyholder funds	(666)	(749)
Compensation expense related to share awards	586	365
Depreciation and amortization	1,205	1,117
Deferred income tax (benefit) expense	(2)	304
(Increase) decrease in receivables, net	(407)	1,329
Increase in other liabilities	1,649	1,442
Other, net	19	(245)
Net cash provided by operating activities	1,316	2,209
Cash flows from investing activities:
Proceeds from investments sold	62,361	84,873
Proceeds from investments matured, called or redeemed	10,874	5,924
Investments purchased	(75,071)	(91,676)
Additions to property and equipment	(396)	(322)
Net cash used in investing activities	(2,232)	(1,201)
Cash flows from financing activities:
Payment of dividends on Series D Preferred Stock	(399)	(399)
Payment of dividends on common stock	(408)	(412)
Proceeds from shares issued under stock plans	51	47
Purchase of shares for treasury	(698)	(997)
Net cash used in financing activities	(1,454)	(1,761)
Net decrease in cash	(2,370)	(753)
Cash and cash equivalents at beginning of year	15,622	16,375
Cash and cash equivalents at end of year	13,252	15,622
Supplemental cash flow information:
Cash paid for interest	1,544	1,424
Cash paid for income taxes	$ 675	$ 1,465

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) which, for insurance companies, differ in some respects from the statutory accounting practices prescribed or permitted by regulatory authorities. These financial statements include the accounts of Atlantic American Corporation (“Atlantic American” or the “Parent”) and its subsidiaries (collectively with the Parent, the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. Operating results achieved in any historical period are not necessarily indicative of results to be expected in any future period. At December 31, 2016, the Parent owned four insurance subsidiaries, Bankers Fidelity Life Insurance Company and its wholly-owned subsidiary, Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”), and American Southern Insurance Company and its wholly-owned subsidiary, American Safety Insurance Company (together known as “American Southern”), in addition to one non-insurance subsidiary, xCalibre Risk Services, Inc. The Parent has issued a guarantee of all liabilities of Bankers Fidelity. Premium Revenue and Cost Recognition Life insurance premiums are recognized as revenue when due; accident and health insurance premiums are recognized as revenue over the premium paying period and property and casualty insurance premiums are recognized as revenue over the period of the contract in proportion to the amount of insurance protection provided. Losses, benefits and expenses are accrued as incurred and are associated with premiums as they are earned so as to result in recognition of profits over the lives of the contracts. For traditional life insurance and long-duration health insurance, this association is accomplished by the provision of a future policy benefits reserve and the deferral and subsequent amortization of the costs of acquiring business, which are referred to as “deferred policy acquisition costs” (principally commissions, premium taxes, and other incremental direct costs of issuing policies). Deferred policy acquisition costs are amortized over the estimated premium-paying period of the related policies using assumptions consistent with those used in computing the policy benefits reserve. The Company provides for insurance benefits and losses on accident, health, and property-casualty claims based upon estimates of projected ultimate losses. Deferred policy acquisition costs for property and casualty insurance and short-duration health insurance are amortized over the effective period of the related insurance policies. Contingent commissions, if contractually applicable, are ultimately payable to agents based on the underlying profitability of a particular insurance contract or a group of insurance contracts, and are periodically evaluated and accrued as earned. In periods in which revisions are made to the estimated loss reserves related to the particular insurance contract or group of insurance contracts subject to such commissions, corresponding adjustments are also made to the related accruals. Deferred policy acquisition costs are expensed when such costs are deemed not to be recoverable from future premiums (for traditional life and long-duration health insurance) and from the related unearned premiums and investment income (for property and casualty and short-duration health insurance). Intangibles Intangibles consist of goodwill and other indefinite-lived intangible assets. Goodwill represents the excess of cost over the fair value of net assets acquired and is not amortized. Other indefinite-lived intangibles represent the value of licenses and are not amortized. The Company periodically reviews its goodwill and other indefinite-lived intangibles to determine if any adverse conditions exist that could indicate impairment. Conditions that could trigger impairment include, but are not limited to, a significant change in business climate that could affect the value of the related asset, an adverse action, or an assessment by a regulator. No impairment of the Company’s recorded intangibles was identified during the periods presented. Investments The Company’s investments in both fixed maturities, which include bonds and redeemable preferred stocks, and equity securities, which include common and non-redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss. The fair values of fixed maturities and equity securities are largely determined by either independent methods prescribed by the National Association of Insurance Commissioners (“NAIC”), which do not differ materially from publicly quoted market prices, when available, or independent broker quotations. The Company owns certain fixed maturities that do not have publicly quoted market values, but had an estimated fair value as determined by management of $1,264 and $2,237 at December 31, 2016 and 2015, respectively. Such values inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market values. Policy loans and real estate are carried at historical cost. Other invested assets are comprised of investments in limited partnerships, limited liability companies, and real estate joint ventures, and are accounted for using the equity method. If the value of a common stock, preferred stock, other invested asset, or publicly traded bond declines below its cost or amortized cost, as applicable, and the decline is considered to be other than temporary, a realized loss is recorded to reduce the carrying value of the investment to its estimated fair value, which becomes the new cost basis. The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. Premiums and discounts related to investments are amortized or accreted over the life of the related investment as an adjustment to yield using the effective interest method. Dividends and interest income are recognized when earned or declared. The cost of securities sold is based on specific identification. Unrealized gains (losses) in the value of invested assets are accounted for as a direct increase (decrease) in accumulated other comprehensive income in shareholders’ equity, net of deferred tax and, accordingly, have no effect on net income. Income Taxes Deferred income taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax basis of assets and liabilities and are adjusted for changes in tax laws and tax rates as those changes are enacted. The provision for income taxes represents the total amount of income taxes due related to the current year, plus the change in deferred income taxes during the year. A valuation allowance is recognized if, based on management’s assessment of the relevant facts, it is more likely than not that some portion of a deferred tax asset will not be realized. Earnings Per Common Share Basic earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period. Diluted earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period, plus options outstanding, if applicable, using the treasury stock method and the assumed conversion of the Series D preferred stock, if dilutive. Unless otherwise indicated, earnings per common share amounts are presented on a diluted basis. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and investments in short-term, highly liquid securities with original maturities of three months or less from date of purchase. Recently Issued Accounting Standards In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 is intended to simplify the evaluation of goodwill. The updated guidance requires recognition and measurement of goodwill impairment based on the excess of the carrying value of the reporting unit compared to its estimated fair value, with the amount of the impairment not to exceed the carrying value of the reporting unit’s goodwill. Under existing guidance, if the reporting unit’s carrying value exceeds its estimated fair value, the Company allocates the fair value of the reporting unit to all of the assets and liabilities of the reporting unit to determine an implied goodwill value. An impairment loss is then recognized for the excess, if any, of the carrying value of the reporting unit’s goodwill compared to the implied goodwill value. The amendments in ASU 2017-04 are effective for interim and annual reporting periods beginning after December 15, 2019. The Company expects to adopt the updated guidance January 1, 2020 on a prospective basis as required, although earlier adoption is permitted. Based on current levels of reported intangibles, the Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The issues addressed in ASU 2016-15 are: 1) debt prepayment or debt extinguishment costs, 2) settlement of zero-coupon debt instruments, 3) contingent consideration payments made after a business combination, 4) proceeds from the settlement of insurance claims, 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, 6) distributions received from equity method investees, 7) beneficial interests in securitization transactions and 8) separately identifiable cash flows and application of the predominance principle. The amendments in ASU 2016-15 are effective for interim and annual reporting periods beginning after December 15, 2017. The Company does not expect the adoption of this ASU to have an impact on its consolidated statements of cash flows. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires entities to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Under current GAAP, entities generally recognize credit losses when it is probable that the loss has been incurred. ASU 2016-13 will remove all recognition thresholds and will require entities to recognize an allowance for credit losses equal to the difference between the amortized cost basis of a financial instrument and the amount of amortized cost that the entity expects to collect over the instrument’s contractual life. ASU 2016-13 also amends the credit loss measurement guidance for available-for-sale (“AFS”) debt securities and beneficial interests in securitized financial assets. Credit losses on AFS debt securities carried at fair value will continue to be measured as other-than-temporary impairments (“OTTI”) when incurred; however, the losses will be recognized through an allowance and no longer as an adjustment to the cost basis. Recoveries of OTTI will be recognized as reversals of valuation allowances and no longer accreted as investment income through an adjustment to the investment yield. The allowance on AFS debt securities cannot cause the net carrying value to be below fair value and, therefore, it is possible that increases in fair value due to decreases in market interest rates could cause the reversal of a valuation allowance and increase net income. The new guidance will also require purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance to be recorded based on contractual amounts due and an initial allowance recorded at the date of purchase. For the Company, the amendments in ASU 2016-13 will be effective for interim and annual reporting periods beginning after December 15, 2019. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has not yet determined the timing of adoption. Implementation matters yet to be addressed include determining the impact of valuation allowances on the effective interest method for recognizing interest income from AFS debt securities as well as updating our investment accounting system functionality to adjust valuation allowances based on changes in fair value. The estimated effect on the Company’s financial statements can only be estimated based on the current investment portfolio at any given point in time, and accordingly, has not currently been determined. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). This guidance applies to all entities that issue share-based payment awards to their employees and is designed to simplify several areas of the accounting for share-based payment transactions, including income tax consequences, forfeitures, classification of awards as either equity or liabilities and related classification on the statement of cash flows. The updated guidance requires the excess tax benefit or deficiency on vesting or settlement of awards to be recognized in earnings as an income tax benefit or expense, respectively and is effective for interim and annual reporting periods beginning after December 15, 2016. The Company will adopt ASU 2016-09 as of January 1, 2017. The impact of the adoption will depend on the excess tax benefits or deficiencies realized on vesting or settlement of awards resulting from the difference between the market value of awards at vesting or settlement and the grant date fair value recognized through compensation expense. Such amounts have historically not been significant. In March 2016, the FASB issued ASU No. 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting (“ASU 2016-07”). This guidance eliminates the requirement to retroactively adopt the equity method of accounting when an investment qualifies for the use of the equity method as a result of an increase in the level of ownership or degree of influence. Under ASU 2016-07, the equity method investor is required to add the cost of acquiring the additional interest in the investee to the current basis of the previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. ASU 2016-07 is effective for interim and annual reporting periods beginning after December 15, 2016. The Company does not expect the adoption of ASU 2016-07 to have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Under ASU 2016-02, lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. Under the new guidance, lessees with operating leases will be required to recognize a liability for the present value of future minimum lease payments with a corresponding asset for the right of use of the property. Under existing guidance, future minimum lease payments on operating leases are commitments that are not recognized as liabilities on the balance sheet. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018 and requires a modified retrospective adoption, with early adoption permitted. The Company does not expect the adoption of ASU 2016-02 to have a material impact on its consolidated financial statements; however, it is expected that assets and liabilities will increase based on the present value of remaining lease payments for the minor number of leases which will be in place at the adoption date. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The guidance requires investments in equity securities to be measured at fair value with changes in fair value reported in net income except for those equity securities that result in consolidation or are accounted for under the equity method of accounting. Under existing guidance, the Company measures investments in equity securities, available-for-sale, at fair value with changes in fair value reported in accumulated other comprehensive income. The Company is required to adopt the guidance effective January 1, 2018 through a cumulative effect adjustment to retained earnings. Early adoption is not allowed. The impact to the Company will be increased volatility in net income beginning in 2018. As of December 31, 2016, equity securities, available-for-sale, totaled $20,257, with unrealized gains, net of tax, of $5,723 in accumulated other comprehensive income that would have been classified in retained earnings. Had the new accounting guidance been in place since the beginning of 2016, the Company would have recognized mark-to-market losses of $2,193 after-tax in net income for the year ended December 31, 2016. In May 2015, the FASB issued ASU No. 2015-09, Financial Services – Insurance (Topic 944): Disclosures about Short-Duration Contracts (“ASU 2015-09”). The main objective of ASU 2015-09 is to enhance disclosures about the liability for unpaid claims and claim adjustment expenses, specifically the development of claims, the frequency and severity of claims, and expanded disclosures about reserves that are discounted. ASU 2015-09 also requires insurance entities, such as the Company, to disclose information about significant changes in methodologies and assumptions used to calculate the liability for unpaid claims and claim adjustment expenses, including reasons for the change and effects on the financial statements. The amendments in ASU 2015-09 are effective for annual reporting periods beginning after December 15, 2015, and interim reporting periods within annual reporting periods beginning after December 15, 2016. The Company adopted ASU 2015-09 effective January 1, 2016. Since ASU 2015-09 was a disclosure only update, its adoption did not have a material impact on the Company’s consolidated financial statements. See Note 3 for enhanced disclosures. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 as modified provides guidance for recognizing revenue. The guidance excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. This guidance is effective retrospectively on January 1, 2018, with a choice of restating prior periods or recognizing a cumulative effect for contracts in place as of adoption. Early adoption is permitted as of January 1, 2017. The Company will adopt this ASU on January 1, 2018. Given the nature of the Company’s insurance operations, the adoption is not expected to have a material impact on the Company’s consolidated financial statements. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Significant estimates and assumptions are used in developing and evaluating deferred income taxes, deferred acquisition costs, insurance reserves, investments, and receivables, among others, and actual results could differ materially from management’s estimates.

Investments

Investments	12 Months Ended
	Dec. 31, 2016
Investments [Abstract ]
Investments	Note 2. Investments The following tables set forth the carrying value, gross unrealized gains, gross unrealized losses and cost or amortized cost of the Company’s investments, aggregated by type and industry, as of December 31, 2016 and December 31, 2015. Investments were comprised of the following: 2016 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 31,102 $ 197 $ 553 $ 31,458 Obligations of states and political subdivisions 17,572 625 308 17,255 Corporate securities: Utilities and telecom 18,034 1,462 88 16,660 Financial services 57,282 1,880 911 56,313 Other business – diversified 57,419 1,071 2,337 58,685 Other consumer – diversified 29,069 471 1,344 29,942 Total corporate securities 161,804 4,884 4,680 161,600 Redeemable preferred stocks: Other consumer – diversified 192 — — 192 Total redeemable preferred stocks 192 — — 192 Total fixed maturities 210,670 5,706 5,541 210,505 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,601 637 — 964 Financial services 5,402 574 — 4,828 Other business – diversified 244 197 — 47 Other consumer – diversified 13,010 7,396 — 5,614 Total equity securities 20,257 8,804 — 11,453 Other invested assets 9,709 — — 9,709 Policy loans 2,265 — — 2,265 Real estate 38 — — 38 Investments in unconsolidated trusts 1,238 — — 1,238 Total investments $ 244,177 $ 14,510 $ 5,541 $ 235,208 2015 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 22,234 $ 290 $ 175 $ 22,119 Obligations of states and political subdivisions 25,479 621 552 25,410 Corporate securities: Utilities and telecom 17,589 1,357 692 16,924 Financial services 54,035 1,797 1,351 53,589 Other business – diversified 60,960 729 5,898 66,129 Other consumer – diversified 24,581 136 1,391 25,836 Total corporate securities 157,165 4,019 9,332 162,478 Redeemable preferred stocks: Financial services 253 3 — 250 Other consumer – diversified 193 — — 193 Total redeemable preferred stocks 446 3 — 443 Total fixed maturities 205,324 4,933 10,059 210,450 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,386 422 — 964 Financial services 5,175 847 — 4,328 Other business – diversified 198 151 — 47 Other consumer – diversified 16,372 10,758 — 5,614 Total equity securities 23,131 12,178 — 10,953 Other invested assets 6,454 — — 6,454 Policy loans 2,200 — — 2,200 Real estate 38 — — 38 Investments in unconsolidated trusts 1,238 — — 1,238 Total investments $ 238,385 $ 17,111 $ 10,059 $ 231,333 Bonds having an amortized cost of $11,435 and $11,259 and included in the tables above were on deposit with insurance regulatory authorities at December 31, 2016 and 2015, respectively, in accordance with statutory requirements. The following table sets forth the carrying value, cost or amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of December 31, 2016 and 2015. 2016 2015 Carrying Value Cost or Amortized Cost Unrealized Gains (Losses) Carrying Value Cost or Amortized Cost Unrealized Gains (Losses) U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 31,102 $ 31,458 $ (356 ) $ 22,234 $ 22,119 $ 115 Obligations of states and political subdivisions 17,572 17,255 317 25,479 25,410 69 Utilities and telecom 19,635 17,624 2,011 18,975 17,888 1,087 Financial services 62,684 61,141 1,543 59,463 58,167 1,296 Other business – diversified 57,663 58,732 (1,069 ) 61,158 66,176 (5,018 ) Other consumer – diversified 42,271 35,748 6,523 41,146 31,643 9,503 Other investments 13,250 13,250 — 9,930 9,930 — Total investments $ 244,177 $ 235,208 $ 8,969 $ 238,385 $ 231,333 $ 7,052 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, 2016 and 2015. 2016 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 23,494 $ 553 $ — $ — $ 23,494 $ 553 Obligations of states and political subdivisions 8,747 308 — — 8,747 308 Corporate securities 59,404 2,124 20,587 2,556 79,991 4,680 Total temporarily impaired securities $ 91,645 $ 2,985 $ 20,587 $ 2,556 $ 112,232 $ 5,541 2015 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 $ 9,209 $ 120 $ 2,243 $ 55 $ 11,452 $ 175 Obligations of states and political subdivisions 16,079 552 — — 16,079 552 Corporate securities 79,482 4,284 16,131 5,048 95,613 9,332 Total temporarily impaired securities $ 104,770 $ 4,956 $ 18,374 $ 5,103 $ 123,144 $ 10,059 The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. As of December 31, 2016, there were seventy-seven securities in an unrealized loss position which primarily included certain of the Company’s investments in fixed maturities within the other diversified business, other diversified consumer and financial services sectors. Securities in an unrealized loss position reported in the other diversified business sector included gross unrealized losses of $1,194 related to investments in fixed maturities of seven different issuers, all related to the oil and gas industry. These oil and gas companies represent a diversified group of businesses which include, among others, refiners, pipeline owners and operators, deep water offshore rig owners and operators, all of which we believe are in continuing stages of rationalizing their current operations, investments, future capital expenditures and carefully managing their capital and liquidity positions. Based on publicly available information, the companies are continuing to assess and revise short-term, intermediate and long-term business plans in response to the current trends in oil and gas markets. While these companies have generally experienced credit downgrades or may be currently under credit rating review, the Company believes that many of the downgrades are in response to external market forces and not necessarily specific credit events of any obligor which would currently indicate that an other than temporary impairment need be recorded. All of the investees have continued to make regular interest payments on their debt when and as due and the Company continues to perform in-depth analysis of the publicly available financial disclosures of each of the investees on a regular basis. The Company does not currently intend to sell nor does it expect to be required to sell any of the securities in an unrealized loss position. Based upon the Company’s expected continuation of receipt of contractually required principal and interest payments and its intent and ability to retain the securities until price recovery, as well as the Company’s evaluation of other relevant factors, including those described above, the Company has deemed these securities to be temporarily impaired as of December 31, 2016. The following describes the fair value hierarchy and provides information as to the extent to which the Company uses fair value to measure the value of its financial instruments and information about the inputs used to value those financial instruments. The fair value hierarchy prioritizes the inputs in the valuation techniques used to measure fair value into three broad levels. Level 1 Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. The Company’s financial instruments valued using Level 1 criteria include cash equivalents and exchange traded common stocks. Level 2 Observable inputs, other than quoted prices included in Level 1, for an asset or liability or prices for similar assets or liabilities. The Company’s financial instruments valued using Level 2 criteria include significantly all of its fixed maturities, which consist of U.S. Treasury securities and U.S. Government securities, obligations of states and political subdivisions, and certain corporate fixed maturities, as well as its non-redeemable preferred stocks. In determining fair value measurements of its fixed maturities and non-redeemable preferred stocks using Level 2 criteria, the Company utilizes data from outside sources, including nationally recognized pricing services and broker/dealers. Prices for the majority of the Company’s Level 2 fixed maturities and non-redeemable preferred stocks were determined using unadjusted prices received from pricing services that utilize a matrix pricing concept, which is a mathematical technique used widely in the industry to value debt securities based on various relationships to other benchmark quoted prices. Level 3 Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Fair value is based on criteria that use assumptions or other data that are not readily observable from objective sources. The Company’s financial instruments valued using Level 3 criteria consist of a limited number of fixed maturities. As of December 31, 2016 and December 31, 2015, the value of the Company’s fixed maturities valued using Level 3 criteria was $1,264 and $2,237, respectively. The use of different criteria or assumptions regarding data may have yielded materially different valuations. As of December 31, 2016, financial instruments carried at fair value were measured on a recurring basis as summarized below: Assets: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fixed maturities $ — $ 209,406 $ 1,264 (1) $ 210,670 Equity securities 15,153 5,104 (1) — 20,257 Cash equivalents 9,811 — — 9,811 Total $ 24,964 $ 214,510 $ 1,264 $ 240,738 (1) All underlying securities are financial service industry related. As of December 31, 2015, financial instruments carried at fair value were measured on a recurring basis as summarized below: Assets: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fixed maturities $ — $ 203,087 $ 2,237 (1) $ 205,324 Equity securities 18,245 4,886 (1) — 23,131 Cash equivalents 13,772 — — 13,772 Total $ 32,017 $ 207,973 $ 2,237 $ 242,227 (1) All underlying securities are financial service industry related. The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) from January 1, 2015 to December 31, 2016. Fixed Maturities Balance, January 1, 2015 $ 2,214 Total unrealized gains included in other comprehensive loss 23 Balance, December 31, 2015 2,237 Total realized gains included in earnings 57 Total unrealized losses included in other comprehensive income (30 ) Settlements (1,000 ) Balance, December 31, 2016 $ 1,264 The Company’s fixed maturities valued using Level 3 inputs consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies. They are not actively traded and valuation techniques used to measure fair value are based on future estimated cash flows (based on current cash flows) discounted at reasonable estimated rates of interest. There are no assumed prepayments and/or default probability assumptions as a majority of these instruments contain certain U.S. government agency strips to support repayment of the principal. Other qualitative and quantitative information received from the original underwriter of the pooled offerings is also considered, as applicable. The carrying value and amortized cost of the Company’s investments in fixed maturities at December 31, 2016 and 2015 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. 2016 2015 Carrying Value Amortized Cost Carrying Value Amortized Cost Due in one year or less $ 2,544 $ 2,507 $ 4,143 $ 4,113 Due after one year through five years 20,278 20,038 20,557 20,591 Due after five years through ten years 90,667 90,926 99,614 103,066 Due after ten years 80,099 79,627 79,882 81,684 Varying maturities 17,082 17,407 1,128 996 Totals $ 210,670 $ 210,505 $ 205,324 $ 210,450 Investment income was earned from the following sources: 2016 2015 Fixed maturities $ 9,122 $ 9,327 Equity securities 491 488 Other 271 270 Total investment income 9,884 10,085 Less investment expenses, included in other expenses (577 ) (552 ) Net investment income $ 9,307 $ 9,533 A summary of realized investment gains (losses) follows: 2016 Fixed Maturities Equity Securities Other Invested Assets Total Gains $ 1,119 $ — $ 1,565 $ 2,684 Losses (89 ) — — (89 ) Realized investment gains, net $ 1,030 $ — $ 1,565 $ 2,595 2015 Fixed Maturities Equity Securities Other Invested Assets Total Gains $ 2,347 $ — $ 3,154 $ 5,501 Losses (628 ) (16 ) — (644 ) Realized investment gains, net $ 1,719 $ (16 ) $ 3,154 $ 4,857 Proceeds from the sales of investments were as follows: 2016 2015 Fixed maturities $ 59,072 $ 80,995 Other investments 3,289 3,878 Total proceeds $ 62,361 $ 84,873 The Company’s bond portfolio included 88% investment grade securities, as defined by the NAIC, at December 31, 2016.

Insurance Reserves and Policyho

Insurance Reserves and Policyholder Funds	12 Months Ended
	Dec. 31, 2016
Insurance Reserves And Policyholder Funds [Abstract]
Insurance Reserves and Policyholder Funds	Note 3. Insurance Reserves and Policyholder Funds The following table presents the Company’s reserves for life, accident and health, and property and casualty losses, claims and loss adjustment expenses at December 31, 2016 and 2015. Amount of Insurance In Force, Net 2016 2015 2016 2015 Future policy benefits Life insurance policies: Ordinary $ 54,554 $ 54,130 $ 245,017 $ 247,590 Mass market 2,003 2,205 2,463 2,758 Individual annuities 84 103 — — 56,641 56,438 $ 247,480 $ 250,348 Accident and health insurance policies 18,202 15,698 74,843 72,136 Unearned premiums 23,208 25,348 Losses, claims and loss adjustment expenses 62,562 63,870 Other policy liabilities 2,066 1,991 Total insurance reserves and policyholder funds $ 162,679 $ 163,345 Annualized premiums for accident and health insurance policies were $95,956 and $87,480 at December 31, 2016 and 2015, respectively. Future Policy Benefits Liabilities for life insurance future policy benefits are based upon assumed future investment yields, mortality rates, and withdrawal rates after giving effect to possible risks of unexpected claim experience. The assumed mortality and withdrawal rates are based upon the Company’s experience. The interest rates assumed for life, accident and health future policy benefits are generally: (i) 2.5% to 5.5% for issues prior to 1977, (ii) 7% graded to 5.5% for 1977 through 1979 issues, (iii) 9% for 1980 through 1987 issues, (iv) 5% to 7% for 1988 through 2009 issues, (v) 4% for 2010 through 2012 issues, and (vi) 3.5% for 2013 through 2016 issues. Loss and Claim Reserves Loss and claim reserves represent estimates of projected ultimate losses and are based upon: (a) management’s estimate of ultimate liability and claims adjusters’ evaluations for unpaid claims reported prior to the close of the accounting period, (b) estimates of incurred but not reported (“IBNR”) claims based on past experience, and (c) estimates of loss adjustment expenses. The estimated liability is periodically reviewed by management and updated, with changes to the estimated liability recorded in the statement of operations in the year in which such changes are known. Activity in the liability for unpaid loss and claim reserves is summarized as follows: 2016 2015 Balance at January 1 $ 63,870 $ 66,625 Less: Reinsurance recoverable on unpaid losses (11,741 ) (14,302 ) Net balance at January 1 52,129 52,323 Incurred related to: Current year 103,252 99,447 Prior years (3,377 ) (701 ) Total incurred 99,875 98,746 Paid related to: Current year 71,980 68,159 Prior years 28,258 30,781 Total paid 100,238 98,940 Net balance at December 31 51,766 52,129 Plus: Reinsurance recoverable on unpaid losses 10,796 11,741 Balance at December 31 $ 62,562 $ 63,870 Prior years’ development was primarily the result of better than expected development on prior years loss and claim reserves for certain lines of business in both American Southern and Bankers Fidelity. Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred: 2016 2015 Total incurred losses $ 99,875 $ 98,746 Cash surrender value and matured endowments 1,278 1,390 Benefit reserve changes 2,044 1,228 Total insurance benefits and losses incurred $ 103,197 $ 101,364 Liability for Unpaid Losses, Claims and Loss Adjustment Expenses The following is information, by significant product lines, about incurred and paid claims development as of December 31, 2016, net of reinsurance, as well as the cumulative number of reported claims and the total of IBNR reserves plus expected development on reported claims included within the net incurred claims amounts. The information about incurred and paid claims development for the years ended December 31, 2007 to 2016 is presented as supplementary information. Medicare Supplement For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 29,616 $ 29,169 $ 29,230 $ 29,225 $ 29,214 $ 29,213 $ 29,213 $ 29,212 $ 29,111 $ 29,211 $ — 526,227 2008 29,344 28,698 28,721 28,712 28,688 28,687 28,683 28,683 28,682 — 528,104 2009 31,124 30,455 30,481 30,447 30,438 30,432 30,431 30,430 — 555,808 2010 34,849 34,328 34,323 34,303 34,282 34,272 34,268 — 620,799 2011 38,188 38,296 38,360 38,327 38,316 38,302 — 658,696 2012 50,021 50,996 51,021 50,998 50,989 — 860,258 2013 56,974 56,970 57,034 57,023 — 949,778 2014 57,179 56,938 56,981 — 933,020 2015 55,482 54,939 62 890,878 2016 58,849 9,520 879,603 $ 439,674 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 24,324 $ 29,169 $ 29,230 $ 29,255 $ 29,214 $ 29,213 $ 29,213 $ 29,212 $ 29,211 $ 29,211 2008 24,055 28,698 28,721 28,712 28,688 28,687 28,683 28,683 28,682 2009 29,866 30,455 30,481 30,447 30,438 30,432 30,431 30,430 2010 29,127 34,328 34,323 34,303 34,282 34,272 34,268 2011 31,720 38,296 38,360 38,327 38,316 38,302 2012 42,267 50,996 51,021 50,998 50,989 2013 47,770 56,970 57,034 57,023 2014 48,024 56,938 56,981 2015 45,430 54,876 2016 49,165 $ 429,927 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 9,747 The cumulative number of reported claims for the Medicare Supplement line of business is the count of distinct claims incurred and submitted to Medicare for payment in the given year. Multiple payments on the same claim are not counted in the frequency information. Estimated ultimate claims incurred, using claims data reported during each month of any given year, are calculated using the chain ladder method modified to use seasonality and trend-adjusted expected claims for the final two months. Additional adjustments to the estimated ultimate claims incurred are then applied to account for seasonal changes in billing and payment frequencies. The IBNR reserve is calculated as estimated ultimate claims less paid claims and claims in course of settlement. Thirty-six months of loss data are used to develop the estimated ultimate incurred claims. Similar approaches are used for other less significant health products, subject to modifications to account for unique aspects of the product. Automobile Liability For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 6,711 $ 6,733 $ 7,415 $ 7,407 $ 7,253 $ 7,296 $ 7,299 $ 7,314 $ 7,303 $ 7,290 $ — 1,663 2008 9,723 7,011 6,627 6,374 6,124 6,112 6,106 6,104 6,105 — 1,534 2009 10,817 8,891 8,659 8,558 8,245 8,123 8,155 8,154 — 1,754 2010 10,752 10,818 10,547 9,937 10,068 10,185 10,202 18 1,946 2011 12,263 13,802 13,235 13,289 13,281 13,495 65 2,129 2012 12,980 15,007 14,108 13,707 13,313 19 2,338 2013 18,664 20,702 21,096 21,823 906 3,251 2014 20,812 21,881 22,041 1,683 3,522 2015 18,521 19,857 2,992 3,431 2016 20,549 7,421 3,374 $ 142,829 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 2,631 $ 4,792 $ 5,957 $ 6,519 $ 6,824 $ 7,008 $ 7,230 $ 7,247 $ 7,249 $ 7,290 2008 2,426 4,202 5,077 5,695 5,839 6,065 6,104 6,104 6,105 2009 3,250 5,208 6,353 7,502 7,995 8,123 8,155 8,154 2010 3,211 6,274 8,291 9,382 9,725 10,056 10,090 2011 4,205 7,934 9,858 12,071 13,039 13,106 2012 4,627 8,791 11,507 12,932 13,197 2013 5,144 12,193 16,782 19,407 2014 6,822 13,807 17,554 2015 6,226 11,878 2016 6,796 $ 113,577 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 29,252 Automobile Physical Damage For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2012 2013 2014 2015 2016 2012 $ 5,478 $ 5,114 $ 5,113 $ 5,070 $ 5,070 $ — 1,129 2013 6,039 5,515 5,536 5,599 — 1,598 2014 8,079 7,657 7,583 1 1,633 2015 8,287 7,955 2 1,583 2016 6,877 196 1,187 $ 33,084 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2012 2013 2014 2015 2016 2012 $ 4,610 $ 5,075 $ 5,089 $ 5,067 $ 5,067 2013 4,778 5,486 5,466 5,599 2014 6,437 7,619 7,570 2015 6,745 7,937 2016 5,804 $ 31,977 All outstanding liabilities before 2012, net of reinsurance 41 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 1,148 General Liability For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 6,549 $ 5,124 $ 4,648 $ 4,293 $ 3,960 $ 4,257 $ 4,377 $ 4,457 $ 4,443 $ 4,503 $ 17 488 2008 5,386 4,359 2,858 2,685 2,479 2,489 2,507 2,548 2,647 20 387 2009 3,392 2,215 1,944 1,730 1,702 1,727 1,828 1,832 4 283 2010 4,114 2,699 2,269 2,337 2,258 2,400 2,423 10 288 2011 3,022 1,723 1,452 1,338 1,174 1,242 17 198 2012 4,055 1,305 1,269 1,270 1,214 23 155 2013 3,461 728 926 817 2 186 2014 3,744 501 557 128 189 2015 4,421 1,037 467 136 2016 3,119 2,660 63 $ 19,391 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 901 $ 1,825 $ 2,566 $ 2,993 $ 3,387 $ 3,595 $ 3,966 $ 4,214 $ 4,371 $ 4,426 2008 534 1,091 1,637 1,861 2,023 2,123 2,418 2,506 2,564 2009 476 941 1,082 1,410 1,629 1,662 1,796 1,816 2010 284 678 1,374 1,542 2,037 2,368 2,382 2011 295 412 582 835 1,161 1,169 2012 371 707 847 1,034 1,113 2013 104 339 579 811 2014 171 299 331 2015 98 259 2016 116 $ 14,987 All outstanding liabilities before 2007, net of reinsurance 238 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 4,642 Surety For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 3,287 $ 1,953 $ 893 $ 983 $ 1,084 $ 868 $ 856 $ 818 $ 814 $ 769 $ — 37 2008 3,883 2,098 2,420 2,312 2,312 2,360 2,360 2,324 2,324 — 62 2009 4,920 5,025 4,239 3,951 3,616 4,636 4,916 4,664 — 83 2010 3,995 4,624 3,618 3,396 3,607 3,549 3,563 — 93 2011 4,422 4,786 5,080 5,092 4,966 5,031 1 124 2012 4,979 4,767 5,396 5,345 4,869 — 86 2013 3,060 2,007 2,743 2,947 31 56 2014 3,214 3,130 2,990 75 46 2015 1,902 1,630 377 48 2016 3,314 1,703 41 $ 32,101 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 255 $ 519 $ 664 $ 698 $ 937 $ 849 $ 853 $ 816 $ 814 $ 769 2008 503 1,369 2,261 2,232 2,311 2,359 2,360 2,324 2,324 2009 103 1,595 2,640 3,205 3,410 3,760 3,757 4,663 2010 928 2,193 2,780 2,943 3,252 3,545 3,560 2011 1,031 3,207 4,622 4,748 4,939 5,022 2012 2,257 4,581 4,856 5,331 4,869 2013 323 1,010 1,369 2,763 2014 1,331 2,327 2,727 2015 641 856 2016 1,054 $ 28,607 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 3,494 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, 2016. Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited) Reserve Line 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Medicare Supplement 83.7 % 16.3 % 0.1 % -0.1 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Automobile Liability 33.2 % 29.3 % 17.1 % 11.7 % 4.2 % 2.3 % 1.1 % 0.1 % 0.0 % 0.6 % Automobile Physical Damage 86.1 % 13.1 % -0.2 % 1.0 % 0.0 % General Liability 18.9 % 20.8 % 16.7 % 15.3 % 13.3 % 4.9 % 6.8 % 3.3 % 2.8 % 1.2 % Surety 27.7 % 33.3 % 19.4 % 11.3 % 7.0 % 1.6 % 0.2 % 4.4 % -0.1 % -5.9 % The reconciliation of the net incurred and paid claims development tables to the liability for losses, claims and loss adjustment expenses is as follows: December 31, 2016 Net outstanding liabilities: Medicare Supplement $ 9,747 Automobile Liability 29,252 Automobile Physical Damage 1,148 General Liability 4,642 Surety 3,494 Other short-duration insurance lines 2,060 Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance 50,343 Reinsurance recoverable on unpaid losses: Medicare Supplement 990 Automobile Liability 5,556 Automobile Physical Damage 106 General Liability 4,135 Other insurance lines 9 Total reinsurance recoverable on unpaid losses 10,796 Unallocated claims adjustment expenses 1,423 Total gross liability for unpaid losses, claims and loss adjustment expenses $ 62,562

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2016
Reinsurance [Abstract]
Reinsurance	Note 4. Reinsurance In accordance with general practice in the insurance industry, portions of the life, property and casualty insurance written by the Company are reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately 99% of the Company’s reinsurance recoverables were due from two reinsurers as of December 31, 2016. Reinsurance recoverables of $280 were due from Swiss Reinsurance Corporation, rated “AA-” by Standard & Poor’s and “A+” (Superior) by A.M. Best and $11,326 were due from General Reinsurance Corporation, rated “AA+” by Standard & Poor’s and “A++” (Superior) by A.M. Best. Allowances for uncollectible amounts are established against reinsurance recoverables, if appropriate. The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows: 2016 2015 Direct premiums written $ 142,200 $ 138,035 Assumed premiums written 19,123 18,656 Ceded premiums written (10,225 ) (4,995 ) Net premiums written $ 151,098 $ 151,696 Direct premiums earned $ 144,339 $ 137,436 Assumed premiums earned 19,124 18,451 Ceded premiums earned (9,998 ) (4,995 ) Net premiums earned $ 153,465 $ 150,892 Provision for benefits and losses incurred $ 109,616 $ 104,286 Reinsurance loss recoveries (6,419 ) (2,922 ) Insurance benefits and losses incurred $ 103,197 $ 101,364 Components of reinsurance recoverables at December 31, 2016 and 2015 were as follows: 2016 2015 Recoverable on unpaid losses $ 10,796 $ 11,741 Recoverable on unpaid benefits 655 — Recoverable on paid losses — 18 Ceded unearned premiums 227 — Ceded advanced premiums 25 — Total reinsurance recoverables $ 11,703 $ 11,759

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Income Taxes	Note 5. Income Taxes Total income taxes were allocated as follows: 2016 2015 Total tax expense on income $ 888 $ 1,320 Tax expense (benefit) on components of shareholders’ equity: Net unrealized gains (losses) on investment securities 671 (2,528 ) Total tax expense (benefit) $ 1,559 $ (1,208 ) A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and the income tax expense is as follows: 2016 2015 Federal income tax provision at statutory rate of 35% $ 1,233 $ 1,998 Dividends-received deduction (95 ) (99 ) Small life insurance company deduction (376 ) (582 ) Other 55 42 Adjustment for prior years’ estimates to actual 71 (39 ) Income tax expense $ 888 $ 1,320 Effective tax rate 25.2 % 23.1 % The primary differences between the effective tax rate and the federal statutory income tax rate for 2016 and 2015 resulted from the dividends-received deduction (“DRD”) and the small life insurance company deduction (“SLD”). The current estimated DRD is adjusted as underlying factors change and can vary from estimates based on, but not limited to, actual distributions from investments as well as the amount of the Company’s taxable income. The SLD varies in amount and is determined at a rate of 60 percent of the tentative life insurance company taxable income (“LICTI”). The SLD for any taxable year is reduced (but not below zero) by 15 percent of the tentative LICTI for such taxable year as it exceeds $3,000 and is ultimately phased out at $15,000. Deferred tax liabilities and assets at December 31, 2016 and 2015 were comprised of the following: 2016 2015 Deferred tax liabilities: Deferred acquisition costs $ (2,345 ) $ (2,623 ) Deferred and uncollected premiums (654 ) (677 ) Net unrealized investment gains (3,140 ) (2,469 ) Other (666 ) (642 ) Total deferred tax liabilities (6,805 ) (6,411 ) Deferred tax assets: Insurance reserves 4,589 4,522 Impaired assets 1,454 1,474 Alternative minimum tax credit 282 504 Bad debts and other 640 740 Total deferred tax assets 6,965 7,240 Net deferred tax asset $ 160 $ 829 The components of income tax expense were: 2016 2015 Current - Federal $ 890 $ 1,016 Deferred - Federal (2 ) 304 Total $ 888 $ 1,320 The Company has formal tax-sharing agreements, and files a consolidated income tax return, with its subsidiaries. Tax years prior to 2012 have been audited by the Internal Revenue Service and are closed.

Junior Subordinated Debentures

Junior Subordinated Debentures	12 Months Ended
	Dec. 31, 2016
Junior Subordinated Debentures [Abstract]
Junior Subordinated Debentures	Note 6. Junior Subordinated Debentures The Company has two unconsolidated Connecticut statutory business trusts, which exist for the exclusive purposes of: (i) issuing trust preferred securities (“Trust Preferred Securities”) representing undivided beneficial interests in the assets of the trusts; (ii) investing the gross proceeds of the Trust Preferred Securities in junior subordinated deferrable interest debentures (“Junior Subordinated Debentures”) of Atlantic American; and (iii) engaging in those activities necessary or incidental thereto. The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2016 and 2015, was as follows: Atlantic American Statutory Trust I Atlantic American Statutory Trust II JUNIOR SUBORDINATED DEBENTURES (1)(2) Principal amount owed $18,042 $23,196 Balance December 31, 2016 $18,042 $23,196 Less: Treasury debt (3)   — (7,500) Net balance December 31, 2016 $18,042 $15,696 Net balance December 31, 2015 $18,042 $15,696 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Interest payable Quarterly Quarterly Maturity date December 4, 2032 May 15, 2033 Redeemable by issuer Yes Yes TRUST PREFERRED SECURITIES Issuance date December 4, 2002 May 15, 2003 Securities issued 17,500 22,500 Liquidation preference per security $   1 $   1 Liquidation value $17,500 $22,500 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Distribution payable Quarterly Quarterly Distribution guaranteed by (4) Atlantic Atlantic (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) On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures. (4) The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 7. Commitments and Contingencies Litigation From time to time, the Company is, and expects to continue to be, involved in various claims and lawsuits incidental to and in the ordinary course of its business. In the opinion of management, any such known claims are not expected to have a material effect on the financial condition or results of operations of the Company. Operating Lease Commitments The Company’s rental expense, including common area charges, for operating leases was $1,277 and $1,261 in 2016 and 2015, respectively. The Company’s future minimum base lease obligations under non-cancelable operating leases are as follows: Year Ending December 31, 2017 $ 917 2018 457 2019 193 Thereafter — Total $ 1,567

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2016
Benefit Plans [Abstract]
Benefit Plans	Note 8. Benefit Plans Equity Incentive Plan On May 1, 2012, the Company’s shareholders approved the 2012 Equity Incentive Plan (the “2012 Plan”). The 2012 Plan authorizes the grant of up to 2,000,000 stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other awards for the purpose of providing the Company’s non-employee directors, consultants, officers and other employees incentives and rewards for superior performance. In 2016, a total of 180,000 restricted shares, with an estimated fair value of $741, were issued under the 2012 Plan. In 2015, a total of 48,300 restricted shares, with an estimated fair value of $178, were issued under the 2012 Plan. The estimated fair value of the restricted shares issued under the 2012 Plan for 2016 and 2015 was based on the common stock price at date of grant. Vesting of restricted shares generally occurs after a one to three year period. There were no stock options granted or outstanding under the 2012 Plan in 2016 or 2015. Shares available for future grants at December 31, 2016 and 2015 were 1,423,200 and 1,603,200, respectively. 401(k) Plan The Company initiated an employees’ savings plan (the “Plan”) qualified under Section 401(k) of the Internal Revenue Code in May 1995. The Plan covers substantially all of the Company’s employees. Effective January 1, 2009, the Company modified the Plan such that the Plan would operate on a safe harbor basis. Under the Plan, employees may defer up to 50% of their compensation, not to exceed the annual deferral limit. The Company’s total matching contribution for 2016 and 2015 was $223 and $212, 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 2016 and 2015 of $433 and $416, respectively. All contributions were made in cash. 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 stockholders by providing independent agents who qualify as participants with an opportunity to purchase the common stock of the Company. Under the Agent Stock Purchase Plan, payment for shares of common stock of the Company is made by either deduction from an agent’s commission payment or a direct cash payment. Stock purchases are made at the end of each calendar quarter at the then current market value.

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2016
Preferred Stock [Abstract]
Preferred Stock	Note 9. Preferred Stock The Company had 55,000 shares of Series D preferred stock (“Series D Preferred Stock”) outstanding at December 31, 2016 and 2015, respectively. All of the shares of Series D Preferred Stock are held by an affiliate of the Company’s controlling shareholder. The outstanding shares of Series D Preferred Stock have a stated value of $100 per share; accrue annual dividends at a rate of $7.25 per share (payable in cash or shares of the Company’s common stock at the option of the board of directors of the Company) and are cumulative. In certain circumstances, the shares of the Series D Preferred Stock may be convertible into an aggregate of approximately 1,378,000 shares of the Company’s common stock, subject to certain adjustments and provided that such adjustments do not result in the Company issuing more than approximately 2,703,000 shares of common stock without obtaining prior shareholder approval; and are redeemable solely at the Company’s option. The Series D Preferred Stock is not currently convertible. The Company had accrued, but unpaid, dividends, on the Series D Preferred Stock of $18 at December 31, 2016 and 2015. During each of 2016 and 2015, the Company paid Series D Preferred Stock dividends of $399.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 10. Earnings Per Common Share A reconciliation of the numerator and denominator of the earnings per common share calculations is as follows: For the Year Ended December 31, 2016 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share Net income before preferred stock dividends $ 2,636 20,445 Less preferred stock dividends (399 ) — Net income applicable to common shareholders $ 2,237 20,445 $ .11 For the Year Ended December 31, 2015 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share Net income before preferred stock dividends $ 4,388 20,566 Less preferred stock dividends (399 ) — Net income applicable to common shareholders $ 3,989 20,566 $ .19 The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2016 and 2015 since its impact would have been antidilutive.

Statutory Reporting

Statutory Reporting	12 Months Ended
	Dec. 31, 2016
Statutory Reporting [Abstract]
Statutory Reporting	Note 11. Statutory Reporting The assets, liabilities and results of operations have been reported on the basis of GAAP, which varies in some respects from statutory accounting practices (“SAP”) prescribed or permitted by insurance regulatory authorities. The principal differences between SAP and GAAP are that under SAP: (i) certain assets that are non-admitted assets are eliminated from the balance sheet; (ii) acquisition costs for policies are expensed as incurred, while they are deferred and amortized over the estimated life of the policies under GAAP; (iii) the provision that is made for deferred income taxes is different than under GAAP; (iv) the timing of establishing certain reserves is different than under GAAP; and (v) certain valuation allowances attributable to certain investments are different. The amount of reported statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 was as follows: 2016 2015 Life and Health, net income $ 1,133 $ 4,147 Property and Casualty, net income 6,470 5,290 Statutory net income $ 7,603 $ 9,437 Life and Health, surplus $ 33,430 $ 35,322 Property and Casualty, surplus 41,489 38,308 Statutory surplus $ 74,919 $ 73,630 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 $5,508 and $6,750 in 2016 and 2015, respectively, from its subsidiaries. In 2017, dividend payments to the Parent by the insurance subsidiaries in excess of $5,650 would require prior approval.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 12. Related Party Transactions In the normal course of business the Company has engaged in transactions with entities affiliated with the controlling shareholder of the Company. These transactions include the leasing of office space as well as certain investing and financing activities. At December 31, 2016, two members of the Company’s board of directors, including our chairman, president and chief executive officer, were considered to be affiliates of the majority shareholder, who is also a member of the Company’s board of directors. The Company leases approximately 49,586 square feet of office and covered garage space from one such controlled entity. During the years ended December 31, 2016 and 2015, the Company paid $882 and $875, respectively, under this lease. Certain financing for the Company has also been provided by this entity in the form of an investment in the Series D Preferred Stock (See Note 9). During the years ended December 31, 2016 and 2015, the Company paid this entity $399 in dividends on the Series D Preferred Stock. Certain members of the Company’s management and board of directors are shareholders and on the board of directors of Gray Television, Inc. (“Gray”). As of December 31, 2016 and 2015, 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, 2016 and 2015 was $10,305 and $14,043, respectively. During 2016, the Company paid approximately $215 to a digital marketing services organization, which is an affiliate of Gray. Services purchased primarily include assistance with website marketing initiatives on behalf of the Company’s life and health operations. During 2016, Gray paid the Company approximately $478 in premiums related to a group accident plan.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2016
Segment Information [Abstract]
Segment Information	Note 13. Segment Information The Parent’s primary insurance subsidiaries operate with relative autonomy and each company is evaluated based on its individual performance. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each segment derives revenue from the collection of premiums, as well as from investment income. Substantially all revenue other than that in the corporate and other segment is from external sources. For the Year Ended December 31, 2016 American Southern Bankers Fidelity Corporate & Other Adjustments & Eliminations Consolidated Insurance premiums $ 53,763 $ 99,702 $ — $ — $ 153,465 Insurance benefits and losses incurred 34,408 68,789 — — 103,197 Expenses deferred (7,834 ) (5,159 ) — — (12,993 ) Amortization and depreciation expense 8,709 3,667 713 — 13,089 Other expenses 15,562 37,258 15,761 (9,321 ) 59,260 Total expenses 50,845 104,555 16,474 (9,321 ) 162,553 Underwriting income (loss) 2,918 (4,853 ) Investment income 3,868 5,725 2,217 (1,926 ) 9,884 Other income — 10 7,518 (7,395 ) 133 Operating income (loss) 6,786 882 (6,739 ) — 929 Net realized gains (losses) 528 2,068 (1 ) — 2,595 Income (loss) before income taxes $ 7,314 $ 2,950 $ (6,740 ) $ — $ 3,524 Total revenues $ 58,159 $ 107,505 $ 9,734 $ (9,321 ) $ 166,077 Intangibles $ 1,350 $ 1,194 $ — $ — $ 2,544 Total assets $ 123,721 $ 168,657 $ 138,694 $ (112,472 ) $ 318,600 For the Year Ended December 31, 2015 American Southern Bankers Fidelity Corporate & Other Adjustments & Eliminations Consolidated Insurance premiums $ 54,508 $ 96,384 $ — $ — $ 150,892 Insurance benefits and losses incurred 35,046 66,318 — — 101,364 Expenses deferred (9,093 ) (2,112 ) — — (11,205 ) Amortization and depreciation expense 9,057 1,707 673 — 11,437 Other expenses 17,845 33,210 16,789 (9,211 ) 58,633 Total expenses 52,855 99,123 17,462 (9,211 ) 160,229 Underwriting income (loss) 1,653 (2,739 ) Investment income 4,107 5,680 2,060 (1,762 ) 10,085 Other income 10 10 7,532 (7,449 ) 103 Operating income (loss) 5,770 2,951 (7,870 ) — 851 Net realized gains 872 3,795 190 — 4,857 Income (loss) before income taxes $ 6,642 $ 6,746 $ (7,680 ) $ — $ 5,708 Total revenues $ 59,497 $ 105,869 $ 9,782 $ (9,211 ) $ 165,937 Intangibles $ 1,350 $ 1,194 $ — $ — $ 2,544 Total assets $ 123,445 $ 160,964 $ 136,869 $ (106,675 ) $ 314,603

Disclosures About Fair Value of

Disclosures About Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2016
Disclosures About Fair Value of Financial Instruments [Abstract]
Disclosures About Fair Value of Financial Instruments	Note 14. Disclosures About Fair Value of Financial Instruments The estimated fair values have been determined by the Company using available market information from various market sources and appropriate valuation methodologies as of the respective dates. However, considerable judgment is necessary to interpret market data and to develop the estimates of fair value. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, the estimates presented herein are not necessarily indicative of the amounts which the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of December 31, 2016 and 2015. Level in Fair Value Hierarchy (1) 2016 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ 13,252 $ 13,252 $ 15,622 $ 15,622 Fixed maturities (1) 210,670 210,670 205,324 205,324 Equity securities (1) 20,257 20,257 23,131 23,131 Other invested assets Level 3 9,709 9,709 6,454 7,070 Policy loans Level 2 2,265 2,265 2,200 2,200 Real estate Level 2 38 38 38 38 Investments in unconsolidated trusts Level 2 1,238 1,238 1,238 1,238 Liabilities: Junior Subordinated Debentures, net Level 2 33,738 33,738 33,738 33,738 (1) See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets. The following describes the methods and assumptions used by the Company in estimating fair values: Cash and Cash Equivalents The carrying amount approximates fair value due to the short-term nature of the instruments. Fixed Maturities and Common and Non-Redeemable Preferred Stocks The carrying amount is determined in accordance with methods prescribed by the NAIC, which do not differ materially from publicly quoted market prices. Certain fixed maturities do not have publicly quoted values and consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies. They are not actively traded and valuation techniques used to measure fair value are based on future estimated cash flows discounted at reasonable estimated rates of interest. Other qualitative and quantitative information received from the original underwriter of the pooled offerings is also considered, as applicable. Non-publicly Traded Invested Assets The fair value of investments in certain limited partnerships which are included in other invested assets on the consolidated balance sheet were determined by officers of those limited partnerships. Junior Subordinated Debentures The fair value is estimated based on the quoted market prices for similar issues and the current rates offered for debt having similar returns and remaining maturities.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Note 15. Accumulated Other Comprehensive Income The following table sets forth the balance of the only component of accumulated other comprehensive income as of December 31, 2016 and 2015, and the changes in the balance of that component during 2016. Unrealized Gains on Available-for- Sale Securities Balance, December 31, 2015 $ 4,584 Other comprehensive income before reclassifications 2,933 Amounts reclassified from accumulated other comprehensive income (1,687 ) Net current period other comprehensive income 1,246 Balance, December 31, 2016 $ 5,830

Schedule II CONDENSED FINANCIAL

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT	12 Months Ended
	Dec. 31, 2016
Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT [Abstract]
Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT	CONDENSED FINANCIAL INFORMATION OF REGISTRANT ATLANTIC AMERICAN CORPORATION (Parent Company Only) BALANCE SHEETS ASSETS December 31, 2016 2015 (In thousands) Cash and cash equivalents $ 4,308 $ 4,463 Investments 16,160 19,035 Investment in subsidiaries 112,472 106,675 Investments in unconsolidated trusts 1,238 1,238 Deferred tax asset, net — 169 Income taxes receivable from subsidiaries 2,961 2,146 Other assets 4,554 4,677 Total assets $ 141,693 $ 138,403 LIABILITIES AND SHAREHOLDERS’ EQUITY Deferred tax liability, net $ 500 $ — Other payables 1,949 2,173 Junior subordinated debentures 33,738 33,738 Total liabilities 36,187 35,911 Shareholders’ equity 105,506 102,492 Total liabilities and shareholders’ equity $ 141,693 $ 138,403 CONDENSED FINANCIAL INFORMATION OF REGISTRANT ATLANTIC AMERICAN CORPORATION (Parent Company Only) STATEMENTS OF OPERATIONS Year Ended December 31, 2016 2015 (In thousands) REVENUE Fee income from subsidiaries $ 7,395 $ 7,449 Distributed earnings from subsidiaries 5,508 6,750 Other 408 571 Total revenue 13,311 14,770 GENERAL AND ADMINISTRATIVE EXPENSES 12,858 13,984 INTEREST EXPENSE 1,562 1,429 (1,109 ) (643 ) INCOME TAX BENEFIT (1) (1,837 ) (1,514 ) 728 871 EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET 1,908 3,517 NET INCOME $ 2,636 $ 4,388 (1) Under the terms of a tax-sharing agreement, income tax provisions for the subsidiary companies are computed on a separate company basis. Accordingly, the Company’s income tax benefit results from the utilization of the Parent’s separate return loss to reduce the consolidated taxable income of the Company. CONDENSED FINANCIAL INFORMATION OF REGISTRANT ATLANTIC AMERICAN CORPORATION (Parent Company Only) STATEMENTS OF CASH FLOWS Year Ended December 31, 2016 2015 (In thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 2,636 $ 4,388 Adjustments to reconcile net income to net cash provided by operating activities: Realized investment losses (gains), net 1 (190 ) Depreciation and amortization 713 673 Compensation expense related to share awards 586 365 Equity in undistributed earnings of consolidated subsidiaries (1,908 ) (3,517 ) (Increase) decrease in intercompany taxes (815 ) 125 Deferred income tax (benefit) expense (2 ) 304 (Decrease) increase in other liabilities (224 ) 317 Other, net (221 ) (12 ) Net cash provided by operating activities 766 2,453 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from investments sold, called or matured 1,979 2,210 Investments purchased (1,000 ) (3,956 ) Capital contribution to subsidiaries (75 ) (200 ) Additions to property and equipment (371 ) (230 ) Net cash provided by (used in) investing activities 533 (2,176 ) CASH FLOWS FROM FINANCING ACTIVITIES: Payment of dividends on Series D preferred stock (399 ) (399 ) Payment of dividends on common stock (408 ) (412 ) Proceeds from shares issued under stock plans 51 47 Purchase of shares for treasury (698 ) (997 ) Net cash used in financing activities (1,454 ) (1,761 ) Net decrease in cash (155 ) (1,484 ) Cash and cash equivalents at beginning of year 4,463 5,947 Cash and cash equivalents at end of year $ 4,308 $ 4,463 Supplemental disclosure: Cash paid for interest $ 1,544 $ 1,424 Cash paid for income taxes $ 675 $ 1,465 Intercompany tax settlement from subsidiaries $ 2,845 $ 2,409

Schedule III SUPPLEMENTARY INSU

Schedule III SUPPLEMENTARY INSURANCE INFORMATION	12 Months Ended
	Dec. 31, 2016
Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]
Schedule III SUPPLEMENTARY INSURANCE INFORMATION	ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES SUPPLEMENTARY INSURANCE INFORMATION Segment Deferred Acquisition Costs Future Policy Benefits, Losses, Claims and Loss Reserves Unearned Premiums Other Policy Claims and Benefits Payable (In thousands) December 31, 2016: Bankers Fidelity $ 26,791 $ 87,849 $ 3,731 $ 2,066 American Southern 2,184 49,556 19,477 — $ 28,975 $ 137,405 (1) $ 23,208 $ 2,066 December 31, 2015: Bankers Fidelity $ 25,033 $ 84,806 $ 3,585 $ 1,991 American Southern 2,833 51,200 21,763 — $ 27,866 $ 136,006 (2) $ 25,348 $ 1,991 (1) Includes future policy benefits of $74,843 and losses and claims of $62,562. (2) Includes future policy benefits of $72,136 and losses and claims of $63,870. ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES SUPPLEMENTARY INSURANCE INFORMATION Segment Premium Revenue Net Investment Income Benefits, Claims, Losses and Settlement Expenses Amortization of Deferred Acquisition Costs Other Operating Expenses Casualty Premiums Written (In thousands) December 31, 2016: Bankers Fidelity $ 99,702 $ 5,172 $ 68,789 $ 3,401 $ 32,365 $ — American Southern 53,763 3,844 34,408 8,483 7,954 51,477 Other — 291 — — 7,153 — $ 153,465 $ 9,307 $ 103,197 $ 11,884 $ 47,472 $ 51,477 December 31, 2015: Bankers Fidelity $ 96,384 $ 5,149 $ 66,318 $ 1,439 $ 31,366 $ — American Southern 54,508 4,086 35,046 8,881 8,928 55,611 Other — 298 — — 8,251 — $ 150,892 $ 9,533 $ 101,364 $ 10,320 $ 48,545 $ 55,611

Schedule IV REINSURANCE

Schedule IV REINSURANCE	12 Months Ended
	Dec. 31, 2016
Schedule IV REINSURANCE [Abstract]
Schedule IV REINSURANCE	ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES REINSURANCE Direct Amount Ceded To Other Companies Assumed From Other Companies Net Amounts Percentage of Amount Assumed To Net (Dollars in thousands) Year ended December 31, 2016: Life insurance in force $ 263,567 $ (16,087 ) $ — $ 247,480 Premiums — Bankers Fidelity $ 104,996 $ (5,344 ) $ 50 $ 99,702 0.1 % American Southern 39,343 (4,654 ) 19,074 53,763 35.5 % Total premiums $ 144,339 $ (9,998 ) $ 19,124 $ 153,465 12.5 % Year ended December 31, 2015: Life insurance in force $ 267,191 $ (16,843 ) $ — $ 250,348 Premiums — Bankers Fidelity $ 96,373 $ (44 ) $ 55 $ 96,384 0.1 % American Southern 41,063 (4,951 ) 18,396 54,508 33.7 % Total premiums $ 137,436 $ (4,995 ) $ 18,451 $ 150,892 12.2 %

Schedule VI SUPPLEMENTAL INFORM

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS	12 Months Ended
	Dec. 31, 2016
Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS [Abstract]
Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS	ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS Deferred Policy Acquisition Costs Reserves Unearned Premiums Earned Premiums Net Investment Income Claims and Claim Adjustment Expenses Incurred Related To Amortization of Deferred Acquisition Costs Paid Claims and Claim Adjustment Expenses Premiums Written Year Ended Current Year Prior Years (In thousands) December 31, 2016 $ 2,184 $ 49,556 $ 19,477 $ 53,763 $ 3,844 $ 36,541 $ (2,133 ) $ 8,483 $ 34,219 $ 51,477 December 31, 2015 $ 2,833 $ 51,200 $ 21,763 $ 54,508 $ 4,086 $ 35,072 $ (26 ) $ 8,881 $ 36,298 $ 55,611

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) which, for insurance companies, differ in some respects from the statutory accounting practices prescribed or permitted by regulatory authorities. These financial statements include the accounts of Atlantic American Corporation (“Atlantic American” or the “Parent”) and its subsidiaries (collectively with the Parent, the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. Operating results achieved in any historical period are not necessarily indicative of results to be expected in any future period. At December 31, 2016, the Parent owned four insurance subsidiaries, Bankers Fidelity Life Insurance Company and its wholly-owned subsidiary, Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”), and American Southern Insurance Company and its wholly-owned subsidiary, American Safety Insurance Company (together known as “American Southern”), in addition to one non-insurance subsidiary, xCalibre Risk Services, Inc. The Parent has issued a guarantee of all liabilities of Bankers Fidelity.
Premium Revenue and Cost Recognition	Premium Revenue and Cost Recognition Life insurance premiums are recognized as revenue when due; accident and health insurance premiums are recognized as revenue over the premium paying period and property and casualty insurance premiums are recognized as revenue over the period of the contract in proportion to the amount of insurance protection provided. Losses, benefits and expenses are accrued as incurred and are associated with premiums as they are earned so as to result in recognition of profits over the lives of the contracts. For traditional life insurance and long-duration health insurance, this association is accomplished by the provision of a future policy benefits reserve and the deferral and subsequent amortization of the costs of acquiring business, which are referred to as “deferred policy acquisition costs” (principally commissions, premium taxes, and other incremental direct costs of issuing policies). Deferred policy acquisition costs are amortized over the estimated premium-paying period of the related policies using assumptions consistent with those used in computing the policy benefits reserve. The Company provides for insurance benefits and losses on accident, health, and property-casualty claims based upon estimates of projected ultimate losses. Deferred policy acquisition costs for property and casualty insurance and short-duration health insurance are amortized over the effective period of the related insurance policies. Contingent commissions, if contractually applicable, are ultimately payable to agents based on the underlying profitability of a particular insurance contract or a group of insurance contracts, and are periodically evaluated and accrued as earned. In periods in which revisions are made to the estimated loss reserves related to the particular insurance contract or group of insurance contracts subject to such commissions, corresponding adjustments are also made to the related accruals. Deferred policy acquisition costs are expensed when such costs are deemed not to be recoverable from future premiums (for traditional life and long-duration health insurance) and from the related unearned premiums and investment income (for property and casualty and short-duration health insurance).
Intangibles	Intangibles Intangibles consist of goodwill and other indefinite-lived intangible assets. Goodwill represents the excess of cost over the fair value of net assets acquired and is not amortized. Other indefinite-lived intangibles represent the value of licenses and are not amortized. The Company periodically reviews its goodwill and other indefinite-lived intangibles to determine if any adverse conditions exist that could indicate impairment. Conditions that could trigger impairment include, but are not limited to, a significant change in business climate that could affect the value of the related asset, an adverse action, or an assessment by a regulator. No impairment of the Company’s recorded intangibles was identified during the periods presented.
Investments	Investments The Company’s investments in both fixed maturities, which include bonds and redeemable preferred stocks, and equity securities, which include common and non-redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss. The fair values of fixed maturities and equity securities are largely determined by either independent methods prescribed by the National Association of Insurance Commissioners (“NAIC”), which do not differ materially from publicly quoted market prices, when available, or independent broker quotations. The Company owns certain fixed maturities that do not have publicly quoted market values, but had an estimated fair value as determined by management of $1,264 and $2,237 at December 31, 2016 and 2015, respectively. Such values inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market values. Policy loans and real estate are carried at historical cost. Other invested assets are comprised of investments in limited partnerships, limited liability companies, and real estate joint ventures, and are accounted for using the equity method. If the value of a common stock, preferred stock, other invested asset, or publicly traded bond declines below its cost or amortized cost, as applicable, and the decline is considered to be other than temporary, a realized loss is recorded to reduce the carrying value of the investment to its estimated fair value, which becomes the new cost basis. The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. Premiums and discounts related to investments are amortized or accreted over the life of the related investment as an adjustment to yield using the effective interest method. Dividends and interest income are recognized when earned or declared. The cost of securities sold is based on specific identification. Unrealized gains (losses) in the value of invested assets are accounted for as a direct increase (decrease) in accumulated other comprehensive income in shareholders’ equity, net of deferred tax and, accordingly, have no effect on net income.
Income Taxes	Income Taxes Deferred income taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax basis of assets and liabilities and are adjusted for changes in tax laws and tax rates as those changes are enacted. The provision for income taxes represents the total amount of income taxes due related to the current year, plus the change in deferred income taxes during the year. A valuation allowance is recognized if, based on management’s assessment of the relevant facts, it is more likely than not that some portion of a deferred tax asset will not be realized.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period. Diluted earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period, plus options outstanding, if applicable, using the treasury stock method and the assumed conversion of the Series D preferred stock, if dilutive. Unless otherwise indicated, earnings per common share amounts are presented on a diluted basis.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and investments in short-term, highly liquid securities with original maturities of three months or less from date of purchase.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 is intended to simplify the evaluation of goodwill. The updated guidance requires recognition and measurement of goodwill impairment based on the excess of the carrying value of the reporting unit compared to its estimated fair value, with the amount of the impairment not to exceed the carrying value of the reporting unit’s goodwill. Under existing guidance, if the reporting unit’s carrying value exceeds its estimated fair value, the Company allocates the fair value of the reporting unit to all of the assets and liabilities of the reporting unit to determine an implied goodwill value. An impairment loss is then recognized for the excess, if any, of the carrying value of the reporting unit’s goodwill compared to the implied goodwill value. The amendments in ASU 2017-04 are effective for interim and annual reporting periods beginning after December 15, 2019. The Company expects to adopt the updated guidance January 1, 2020 on a prospective basis as required, although earlier adoption is permitted. Based on current levels of reported intangibles, the Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The issues addressed in ASU 2016-15 are: 1) debt prepayment or debt extinguishment costs, 2) settlement of zero-coupon debt instruments, 3) contingent consideration payments made after a business combination, 4) proceeds from the settlement of insurance claims, 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, 6) distributions received from equity method investees, 7) beneficial interests in securitization transactions and 8) separately identifiable cash flows and application of the predominance principle. The amendments in ASU 2016-15 are effective for interim and annual reporting periods beginning after December 15, 2017. The Company does not expect the adoption of this ASU to have an impact on its consolidated statements of cash flows. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires entities to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Under current GAAP, entities generally recognize credit losses when it is probable that the loss has been incurred. ASU 2016-13 will remove all recognition thresholds and will require entities to recognize an allowance for credit losses equal to the difference between the amortized cost basis of a financial instrument and the amount of amortized cost that the entity expects to collect over the instrument’s contractual life. ASU 2016-13 also amends the credit loss measurement guidance for available-for-sale (“AFS”) debt securities and beneficial interests in securitized financial assets. Credit losses on AFS debt securities carried at fair value will continue to be measured as other-than-temporary impairments (“OTTI”) when incurred; however, the losses will be recognized through an allowance and no longer as an adjustment to the cost basis. Recoveries of OTTI will be recognized as reversals of valuation allowances and no longer accreted as investment income through an adjustment to the investment yield. The allowance on AFS debt securities cannot cause the net carrying value to be below fair value and, therefore, it is possible that increases in fair value due to decreases in market interest rates could cause the reversal of a valuation allowance and increase net income. The new guidance will also require purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance to be recorded based on contractual amounts due and an initial allowance recorded at the date of purchase. For the Company, the amendments in ASU 2016-13 will be effective for interim and annual reporting periods beginning after December 15, 2019. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has not yet determined the timing of adoption. Implementation matters yet to be addressed include determining the impact of valuation allowances on the effective interest method for recognizing interest income from AFS debt securities as well as updating our investment accounting system functionality to adjust valuation allowances based on changes in fair value. The estimated effect on the Company’s financial statements can only be estimated based on the current investment portfolio at any given point in time, and accordingly, has not currently been determined. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). This guidance applies to all entities that issue share-based payment awards to their employees and is designed to simplify several areas of the accounting for share-based payment transactions, including income tax consequences, forfeitures, classification of awards as either equity or liabilities and related classification on the statement of cash flows. The updated guidance requires the excess tax benefit or deficiency on vesting or settlement of awards to be recognized in earnings as an income tax benefit or expense, respectively and is effective for interim and annual reporting periods beginning after December 15, 2016. The Company will adopt ASU 2016-09 as of January 1, 2017. The impact of the adoption will depend on the excess tax benefits or deficiencies realized on vesting or settlement of awards resulting from the difference between the market value of awards at vesting or settlement and the grant date fair value recognized through compensation expense. Such amounts have historically not been significant. In March 2016, the FASB issued ASU No. 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting (“ASU 2016-07”). This guidance eliminates the requirement to retroactively adopt the equity method of accounting when an investment qualifies for the use of the equity method as a result of an increase in the level of ownership or degree of influence. Under ASU 2016-07, the equity method investor is required to add the cost of acquiring the additional interest in the investee to the current basis of the previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. ASU 2016-07 is effective for interim and annual reporting periods beginning after December 15, 2016. The Company does not expect the adoption of ASU 2016-07 to have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Under ASU 2016-02, lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. Under the new guidance, lessees with operating leases will be required to recognize a liability for the present value of future minimum lease payments with a corresponding asset for the right of use of the property. Under existing guidance, future minimum lease payments on operating leases are commitments that are not recognized as liabilities on the balance sheet. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018 and requires a modified retrospective adoption, with early adoption permitted. The Company does not expect the adoption of ASU 2016-02 to have a material impact on its consolidated financial statements; however, it is expected that assets and liabilities will increase based on the present value of remaining lease payments for the minor number of leases which will be in place at the adoption date. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The guidance requires investments in equity securities to be measured at fair value with changes in fair value reported in net income except for those equity securities that result in consolidation or are accounted for under the equity method of accounting. Under existing guidance, the Company measures investments in equity securities, available-for-sale, at fair value with changes in fair value reported in accumulated other comprehensive income. The Company is required to adopt the guidance effective January 1, 2018 through a cumulative effect adjustment to retained earnings. Early adoption is not allowed. The impact to the Company will be increased volatility in net income beginning in 2018. As of December 31, 2016, equity securities, available-for-sale, totaled $20,257, with unrealized gains, net of tax, of $5,723 in accumulated other comprehensive income that would have been classified in retained earnings. Had the new accounting guidance been in place since the beginning of 2016, the Company would have recognized mark-to-market losses of $2,193 after-tax in net income for the year ended December 31, 2016. In May 2015, the FASB issued ASU No. 2015-09, Financial Services – Insurance (Topic 944): Disclosures about Short-Duration Contracts (“ASU 2015-09”). The main objective of ASU 2015-09 is to enhance disclosures about the liability for unpaid claims and claim adjustment expenses, specifically the development of claims, the frequency and severity of claims, and expanded disclosures about reserves that are discounted. ASU 2015-09 also requires insurance entities, such as the Company, to disclose information about significant changes in methodologies and assumptions used to calculate the liability for unpaid claims and claim adjustment expenses, including reasons for the change and effects on the financial statements. The amendments in ASU 2015-09 are effective for annual reporting periods beginning after December 15, 2015, and interim reporting periods within annual reporting periods beginning after December 15, 2016. The Company adopted ASU 2015-09 effective January 1, 2016. Since ASU 2015-09 was a disclosure only update, its adoption did not have a material impact on the Company’s consolidated financial statements. See Note 3 for enhanced disclosures. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 as modified provides guidance for recognizing revenue. The guidance excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. This guidance is effective retrospectively on January 1, 2018, with a choice of restating prior periods or recognizing a cumulative effect for contracts in place as of adoption. Early adoption is permitted as of January 1, 2017. The Company will adopt this ASU on January 1, 2018. Given the nature of the Company’s insurance operations, the adoption is not expected to have a material impact on the Company’s consolidated financial statements.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Significant estimates and assumptions are used in developing and evaluating deferred income taxes, deferred acquisition costs, insurance reserves, investments, and receivables, among others, and actual results could differ materially from management’s estimates.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Investments [Abstract ]
Investments aggregated by type and industry	Investments were comprised of the following: 2016 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 31,102 $ 197 $ 553 $ 31,458 Obligations of states and political subdivisions 17,572 625 308 17,255 Corporate securities: Utilities and telecom 18,034 1,462 88 16,660 Financial services 57,282 1,880 911 56,313 Other business – diversified 57,419 1,071 2,337 58,685 Other consumer – diversified 29,069 471 1,344 29,942 Total corporate securities 161,804 4,884 4,680 161,600 Redeemable preferred stocks: Other consumer – diversified 192 — — 192 Total redeemable preferred stocks 192 — — 192 Total fixed maturities 210,670 5,706 5,541 210,505 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,601 637 — 964 Financial services 5,402 574 — 4,828 Other business – diversified 244 197 — 47 Other consumer – diversified 13,010 7,396 — 5,614 Total equity securities 20,257 8,804 — 11,453 Other invested assets 9,709 — — 9,709 Policy loans 2,265 — — 2,265 Real estate 38 — — 38 Investments in unconsolidated trusts 1,238 — — 1,238 Total investments $ 244,177 $ 14,510 $ 5,541 $ 235,208 2015 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 22,234 $ 290 $ 175 $ 22,119 Obligations of states and political subdivisions 25,479 621 552 25,410 Corporate securities: Utilities and telecom 17,589 1,357 692 16,924 Financial services 54,035 1,797 1,351 53,589 Other business – diversified 60,960 729 5,898 66,129 Other consumer – diversified 24,581 136 1,391 25,836 Total corporate securities 157,165 4,019 9,332 162,478 Redeemable preferred stocks: Financial services 253 3 — 250 Other consumer – diversified 193 — — 193 Total redeemable preferred stocks 446 3 — 443 Total fixed maturities 205,324 4,933 10,059 210,450 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,386 422 — 964 Financial services 5,175 847 — 4,328 Other business – diversified 198 151 — 47 Other consumer – diversified 16,372 10,758 — 5,614 Total equity securities 23,131 12,178 — 10,953 Other invested assets 6,454 — — 6,454 Policy loans 2,200 — — 2,200 Real estate 38 — — 38 Investments in unconsolidated trusts 1,238 — — 1,238 Total investments $ 238,385 $ 17,111 $ 10,059 $ 231,333
Investments aggregated by industry	The following table sets forth the carrying value, cost or amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of December 31, 2016 and 2015. 2016 2015 Carrying Value Cost or Amortized Cost Unrealized Gains (Losses) Carrying Value Cost or Amortized Cost Unrealized Gains (Losses) U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 31,102 $ 31,458 $ (356 ) $ 22,234 $ 22,119 $ 115 Obligations of states and political subdivisions 17,572 17,255 317 25,479 25,410 69 Utilities and telecom 19,635 17,624 2,011 18,975 17,888 1,087 Financial services 62,684 61,141 1,543 59,463 58,167 1,296 Other business – diversified 57,663 58,732 (1,069 ) 61,158 66,176 (5,018 ) Other consumer – diversified 42,271 35,748 6,523 41,146 31,643 9,503 Other investments 13,250 13,250 — 9,930 9,930 — Total investments $ 244,177 $ 235,208 $ 8,969 $ 238,385 $ 231,333 $ 7,052
Investment securities with continuous unrealized loss position	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, 2016 and 2015. 2016 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 23,494 $ 553 $ — $ — $ 23,494 $ 553 Obligations of states and political subdivisions 8,747 308 — — 8,747 308 Corporate securities 59,404 2,124 20,587 2,556 79,991 4,680 Total temporarily impaired securities $ 91,645 $ 2,985 $ 20,587 $ 2,556 $ 112,232 $ 5,541 2015 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 $ 9,209 $ 120 $ 2,243 $ 55 $ 11,452 $ 175 Obligations of states and political subdivisions 16,079 552 — — 16,079 552 Corporate securities 79,482 4,284 16,131 5,048 95,613 9,332 Total temporarily impaired securities $ 104,770 $ 4,956 $ 18,374 $ 5,103 $ 123,144 $ 10,059
Financial instruments carried at fair value measured on a recurring basis	As of December 31, 2016, financial instruments carried at fair value were measured on a recurring basis as summarized below: Assets: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fixed maturities $ — $ 209,406 $ 1,264 (1) $ 210,670 Equity securities 15,153 5,104 (1) — 20,257 Cash equivalents 9,811 — — 9,811 Total $ 24,964 $ 214,510 $ 1,264 $ 240,738 (1) All underlying securities are financial service industry related. As of December 31, 2015, financial instruments carried at fair value were measured on a recurring basis as summarized below: Assets: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fixed maturities $ — $ 203,087 $ 2,237 (1) $ 205,324 Equity securities 18,245 4,886 (1) — 23,131 Cash equivalents 13,772 — — 13,772 Total $ 32,017 $ 207,973 $ 2,237 $ 242,227 (1) All underlying securities are financial service industry related.
Roll-forward of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) from January 1, 2015 to December 31, 2016. Fixed Maturities Balance, January 1, 2015 $ 2,214 Total unrealized gains included in other comprehensive loss 23 Balance, December 31, 2015 2,237 Total realized gains included in earnings 57 Total unrealized losses included in other comprehensive income (30 ) Settlements (1,000 ) Balance, December 31, 2016 $ 1,264
Amortized cost and carrying value of fixed maturities by contractual maturity	The carrying value and amortized cost of the Company’s investments in fixed maturities at December 31, 2016 and 2015 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. 2016 2015 Carrying Value Amortized Cost Carrying Value Amortized Cost Due in one year or less $ 2,544 $ 2,507 $ 4,143 $ 4,113 Due after one year through five years 20,278 20,038 20,557 20,591 Due after five years through ten years 90,667 90,926 99,614 103,066 Due after ten years 80,099 79,627 79,882 81,684 Varying maturities 17,082 17,407 1,128 996 Totals $ 210,670 $ 210,505 $ 205,324 $ 210,450
Investment income earned	Investment income was earned from the following sources: 2016 2015 Fixed maturities $ 9,122 $ 9,327 Equity securities 491 488 Other 271 270 Total investment income 9,884 10,085 Less investment expenses, included in other expenses (577 ) (552 ) Net investment income $ 9,307 $ 9,533
Summary of realized investment gains (losses)	A summary of realized investment gains (losses) follows: 2016 Fixed Maturities Equity Securities Other Invested Assets Total Gains $ 1,119 $ — $ 1,565 $ 2,684 Losses (89 ) — — (89 ) Realized investment gains, net $ 1,030 $ — $ 1,565 $ 2,595 2015 Fixed Maturities Equity Securities Other Invested Assets Total Gains $ 2,347 $ — $ 3,154 $ 5,501 Losses (628 ) (16 ) — (644 ) Realized investment gains, net $ 1,719 $ (16 ) $ 3,154 $ 4,857
Proceeds from sales of investments	Proceeds from the sales of investments were as follows: 2016 2015 Fixed maturities $ 59,072 $ 80,995 Other investments 3,289 3,878 Total proceeds $ 62,361 $ 84,873

Insurance Reserves and Policy30

Insurance Reserves and Policyholder Funds (Tables)	12 Months Ended
	Dec. 31, 2016
Insurance Reserves And Policyholder Funds [Abstract]
Reserves for life, accident, health and property and casualty losses, including loss adjustment expenses	The following table presents the Company’s reserves for life, accident and health, and property and casualty losses, claims and loss adjustment expenses at December 31, 2016 and 2015. Amount of Insurance In Force, Net 2016 2015 2016 2015 Future policy benefits Life insurance policies: Ordinary $ 54,554 $ 54,130 $ 245,017 $ 247,590 Mass market 2,003 2,205 2,463 2,758 Individual annuities 84 103 — — 56,641 56,438 $ 247,480 $ 250,348 Accident and health insurance policies 18,202 15,698 74,843 72,136 Unearned premiums 23,208 25,348 Losses, claims and loss adjustment expenses 62,562 63,870 Other policy liabilities 2,066 1,991 Total insurance reserves and policyholder funds $ 162,679 $ 163,345
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: 2016 2015 Balance at January 1 $ 63,870 $ 66,625 Less: Reinsurance recoverable on unpaid losses (11,741 ) (14,302 ) Net balance at January 1 52,129 52,323 Incurred related to: Current year 103,252 99,447 Prior years (3,377 ) (701 ) Total incurred 99,875 98,746 Paid related to: Current year 71,980 68,159 Prior years 28,258 30,781 Total paid 100,238 98,940 Net balance at December 31 51,766 52,129 Plus: Reinsurance recoverable on unpaid losses 10,796 11,741 Balance at December 31 $ 62,562 $ 63,870
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: 2016 2015 Total incurred losses $ 99,875 $ 98,746 Cash surrender value and matured endowments 1,278 1,390 Benefit reserve changes 2,044 1,228 Total insurance benefits and losses incurred $ 103,197 $ 101,364
Information about incurred and paid claims development	The information about incurred and paid claims development for the years ended December 31, 2007 to 2016 is presented as supplementary information. Medicare Supplement For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 29,616 $ 29,169 $ 29,230 $ 29,225 $ 29,214 $ 29,213 $ 29,213 $ 29,212 $ 29,111 $ 29,211 $ — 526,227 2008 29,344 28,698 28,721 28,712 28,688 28,687 28,683 28,683 28,682 — 528,104 2009 31,124 30,455 30,481 30,447 30,438 30,432 30,431 30,430 — 555,808 2010 34,849 34,328 34,323 34,303 34,282 34,272 34,268 — 620,799 2011 38,188 38,296 38,360 38,327 38,316 38,302 — 658,696 2012 50,021 50,996 51,021 50,998 50,989 — 860,258 2013 56,974 56,970 57,034 57,023 — 949,778 2014 57,179 56,938 56,981 — 933,020 2015 55,482 54,939 62 890,878 2016 58,849 9,520 879,603 $ 439,674 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 24,324 $ 29,169 $ 29,230 $ 29,255 $ 29,214 $ 29,213 $ 29,213 $ 29,212 $ 29,211 $ 29,211 2008 24,055 28,698 28,721 28,712 28,688 28,687 28,683 28,683 28,682 2009 29,866 30,455 30,481 30,447 30,438 30,432 30,431 30,430 2010 29,127 34,328 34,323 34,303 34,282 34,272 34,268 2011 31,720 38,296 38,360 38,327 38,316 38,302 2012 42,267 50,996 51,021 50,998 50,989 2013 47,770 56,970 57,034 57,023 2014 48,024 56,938 56,981 2015 45,430 54,876 2016 49,165 $ 429,927 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 9,747 Automobile Liability For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 6,711 $ 6,733 $ 7,415 $ 7,407 $ 7,253 $ 7,296 $ 7,299 $ 7,314 $ 7,303 $ 7,290 $ — 1,663 2008 9,723 7,011 6,627 6,374 6,124 6,112 6,106 6,104 6,105 — 1,534 2009 10,817 8,891 8,659 8,558 8,245 8,123 8,155 8,154 — 1,754 2010 10,752 10,818 10,547 9,937 10,068 10,185 10,202 18 1,946 2011 12,263 13,802 13,235 13,289 13,281 13,495 65 2,129 2012 12,980 15,007 14,108 13,707 13,313 19 2,338 2013 18,664 20,702 21,096 21,823 906 3,251 2014 20,812 21,881 22,041 1,683 3,522 2015 18,521 19,857 2,992 3,431 2016 20,549 7,421 3,374 $ 142,829 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 2,631 $ 4,792 $ 5,957 $ 6,519 $ 6,824 $ 7,008 $ 7,230 $ 7,247 $ 7,249 $ 7,290 2008 2,426 4,202 5,077 5,695 5,839 6,065 6,104 6,104 6,105 2009 3,250 5,208 6,353 7,502 7,995 8,123 8,155 8,154 2010 3,211 6,274 8,291 9,382 9,725 10,056 10,090 2011 4,205 7,934 9,858 12,071 13,039 13,106 2012 4,627 8,791 11,507 12,932 13,197 2013 5,144 12,193 16,782 19,407 2014 6,822 13,807 17,554 2015 6,226 11,878 2016 6,796 $ 113,577 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 29,252 Automobile Physical Damage For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2012 2013 2014 2015 2016 2012 $ 5,478 $ 5,114 $ 5,113 $ 5,070 $ 5,070 $ — 1,129 2013 6,039 5,515 5,536 5,599 — 1,598 2014 8,079 7,657 7,583 1 1,633 2015 8,287 7,955 2 1,583 2016 6,877 196 1,187 $ 33,084 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2012 2013 2014 2015 2016 2012 $ 4,610 $ 5,075 $ 5,089 $ 5,067 $ 5,067 2013 4,778 5,486 5,466 5,599 2014 6,437 7,619 7,570 2015 6,745 7,937 2016 5,804 $ 31,977 All outstanding liabilities before 2012, net of reinsurance 41 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 1,148 General Liability For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 6,549 $ 5,124 $ 4,648 $ 4,293 $ 3,960 $ 4,257 $ 4,377 $ 4,457 $ 4,443 $ 4,503 $ 17 488 2008 5,386 4,359 2,858 2,685 2,479 2,489 2,507 2,548 2,647 20 387 2009 3,392 2,215 1,944 1,730 1,702 1,727 1,828 1,832 4 283 2010 4,114 2,699 2,269 2,337 2,258 2,400 2,423 10 288 2011 3,022 1,723 1,452 1,338 1,174 1,242 17 198 2012 4,055 1,305 1,269 1,270 1,214 23 155 2013 3,461 728 926 817 2 186 2014 3,744 501 557 128 189 2015 4,421 1,037 467 136 2016 3,119 2,660 63 $ 19,391 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 901 $ 1,825 $ 2,566 $ 2,993 $ 3,387 $ 3,595 $ 3,966 $ 4,214 $ 4,371 $ 4,426 2008 534 1,091 1,637 1,861 2,023 2,123 2,418 2,506 2,564 2009 476 941 1,082 1,410 1,629 1,662 1,796 1,816 2010 284 678 1,374 1,542 2,037 2,368 2,382 2011 295 412 582 835 1,161 1,169 2012 371 707 847 1,034 1,113 2013 104 339 579 811 2014 171 299 331 2015 98 259 2016 116 $ 14,987 All outstanding liabilities before 2007, net of reinsurance 238 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 4,642 Surety For the Years Ended December 31, (Unaudited) As of December 31, 2016 Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance IBNR Reserves Cumulative Number of Reported Claims Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 3,287 $ 1,953 $ 893 $ 983 $ 1,084 $ 868 $ 856 $ 818 $ 814 $ 769 $ — 37 2008 3,883 2,098 2,420 2,312 2,312 2,360 2,360 2,324 2,324 — 62 2009 4,920 5,025 4,239 3,951 3,616 4,636 4,916 4,664 — 83 2010 3,995 4,624 3,618 3,396 3,607 3,549 3,563 — 93 2011 4,422 4,786 5,080 5,092 4,966 5,031 1 124 2012 4,979 4,767 5,396 5,345 4,869 — 86 2013 3,060 2,007 2,743 2,947 31 56 2014 3,214 3,130 2,990 75 46 2015 1,902 1,630 377 48 2016 3,314 1,703 41 $ 32,101 Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance Accident Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 $ 255 $ 519 $ 664 $ 698 $ 937 $ 849 $ 853 $ 816 $ 814 $ 769 2008 503 1,369 2,261 2,232 2,311 2,359 2,360 2,324 2,324 2009 103 1,595 2,640 3,205 3,410 3,760 3,757 4,663 2010 928 2,193 2,780 2,943 3,252 3,545 3,560 2011 1,031 3,207 4,622 4,748 4,939 5,022 2012 2,257 4,581 4,856 5,331 4,869 2013 323 1,010 1,369 2,763 2014 1,331 2,327 2,727 2015 641 856 2016 1,054 $ 28,607 Liabilities for losses, claims and loss adjustment expenses, net of reinsurance $ 3,494
Supplementary information about average historical claims duration	The following is supplementary information about average historical claims duration as of December 31, 2016. Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited) Reserve Line 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year Medicare Supplement 83.7 % 16.3 % 0.1 % -0.1 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Automobile Liability 33.2 % 29.3 % 17.1 % 11.7 % 4.2 % 2.3 % 1.1 % 0.1 % 0.0 % 0.6 % Automobile Physical Damage 86.1 % 13.1 % -0.2 % 1.0 % 0.0 % General Liability 18.9 % 20.8 % 16.7 % 15.3 % 13.3 % 4.9 % 6.8 % 3.3 % 2.8 % 1.2 % Surety 27.7 % 33.3 % 19.4 % 11.3 % 7.0 % 1.6 % 0.2 % 4.4 % -0.1 % -5.9 %
Reconciliation of net incurred and paid claims development	The reconciliation of the net incurred and paid claims development tables to the liability for losses, claims and loss adjustment expenses is as follows: December 31, 2016 Net outstanding liabilities: Medicare Supplement $ 9,747 Automobile Liability 29,252 Automobile Physical Damage 1,148 General Liability 4,642 Surety 3,494 Other short-duration insurance lines 2,060 Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance 50,343 Reinsurance recoverable on unpaid losses: Medicare Supplement 990 Automobile Liability 5,556 Automobile Physical Damage 106 General Liability 4,135 Other insurance lines 9 Total reinsurance recoverable on unpaid losses 10,796 Unallocated claims adjustment expenses 1,423 Total gross liability for unpaid losses, claims and loss adjustment expenses $ 62,562

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2016
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: 2016 2015 Direct premiums written $ 142,200 $ 138,035 Assumed premiums written 19,123 18,656 Ceded premiums written (10,225 ) (4,995 ) Net premiums written $ 151,098 $ 151,696 Direct premiums earned $ 144,339 $ 137,436 Assumed premiums earned 19,124 18,451 Ceded premiums earned (9,998 ) (4,995 ) Net premiums earned $ 153,465 $ 150,892 Provision for benefits and losses incurred $ 109,616 $ 104,286 Reinsurance loss recoveries (6,419 ) (2,922 ) Insurance benefits and losses incurred $ 103,197 $ 101,364
Components of reinsurance recoverables	Components of reinsurance recoverables at December 31, 2016 and 2015 were as follows: 2016 2015 Recoverable on unpaid losses $ 10,796 $ 11,741 Recoverable on unpaid benefits 655 — Recoverable on paid losses — 18 Ceded unearned premiums 227 — Ceded advanced premiums 25 — Total reinsurance recoverables $ 11,703 $ 11,759

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Allocation of total income taxes	Total income taxes were allocated as follows: 2016 2015 Total tax expense on income $ 888 $ 1,320 Tax expense (benefit) on components of shareholders’ equity: Net unrealized gains (losses) on investment securities 671 (2,528 ) Total tax expense (benefit) $ 1,559 $ (1,208 )
Reconciliation of income tax expense	A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and the income tax expense is as follows: 2016 2015 Federal income tax provision at statutory rate of 35% $ 1,233 $ 1,998 Dividends-received deduction (95 ) (99 ) Small life insurance company deduction (376 ) (582 ) Other 55 42 Adjustment for prior years’ estimates to actual 71 (39 ) Income tax expense $ 888 $ 1,320 Effective tax rate 25.2 % 23.1 %
Deferred tax liabilities and assets	Deferred tax liabilities and assets at December 31, 2016 and 2015 were comprised of the following: 2016 2015 Deferred tax liabilities: Deferred acquisition costs $ (2,345 ) $ (2,623 ) Deferred and uncollected premiums (654 ) (677 ) Net unrealized investment gains (3,140 ) (2,469 ) Other (666 ) (642 ) Total deferred tax liabilities (6,805 ) (6,411 ) Deferred tax assets: Insurance reserves 4,589 4,522 Impaired assets 1,454 1,474 Alternative minimum tax credit 282 504 Bad debts and other 640 740 Total deferred tax assets 6,965 7,240 Net deferred tax asset $ 160 $ 829
Components of income tax expense	The components of income tax expense were: 2016 2015 Current - Federal $ 890 $ 1,016 Deferred - Federal (2 ) 304 Total $ 888 $ 1,320

Junior Subordinated Debentures

Junior Subordinated Debentures (Tables)	12 Months Ended
	Dec. 31, 2016
Junior Subordinated Debentures [Abstract]
Financial structure of statutory business trusts	The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2016 and 2015, was as follows: Atlantic American Statutory Trust I Atlantic American Statutory Trust II JUNIOR SUBORDINATED DEBENTURES (1)(2) Principal amount owed $18,042 $23,196 Balance December 31, 2016 $18,042 $23,196 Less: Treasury debt (3)   — (7,500) Net balance December 31, 2016 $18,042 $15,696 Net balance December 31, 2015 $18,042 $15,696 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Interest payable Quarterly Quarterly Maturity date December 4, 2032 May 15, 2033 Redeemable by issuer Yes Yes TRUST PREFERRED SECURITIES Issuance date December 4, 2002 May 15, 2003 Securities issued 17,500 22,500 Liquidation preference per security $   1 $   1 Liquidation value $17,500 $22,500 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Distribution payable Quarterly Quarterly Distribution guaranteed by (4) Atlantic Atlantic (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) On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures. (4) The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Operating lease commitments	The Company’s future minimum base lease obligations under non-cancelable operating leases are as follows: Year Ending December 31, 2017 $ 917 2018 457 2019 193 Thereafter — Total $ 1,567

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Common Share [Abstract]
Reconciliation of numerator and denominator used in earnings per common share calculations	A reconciliation of the numerator and denominator of the earnings per common share calculations is as follows: For the Year Ended December 31, 2016 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share Net income before preferred stock dividends $ 2,636 20,445 Less preferred stock dividends (399 ) — Net income applicable to common shareholders $ 2,237 20,445 $ .11 For the Year Ended December 31, 2015 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share Net income before preferred stock dividends $ 4,388 20,566 Less preferred stock dividends (399 ) — Net income applicable to common shareholders $ 3,989 20,566 $ .19

Statutory Reporting (Tables)

Statutory Reporting (Tables)	12 Months Ended
	Dec. 31, 2016
Statutory Reporting [Abstract]
Reported statutory net income and surplus for the Parent's insurance subsidiaries	The amount of reported statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 was as follows: 2016 2015 Life and Health, net income $ 1,133 $ 4,147 Property and Casualty, net income 6,470 5,290 Statutory net income $ 7,603 $ 9,437 Life and Health, surplus $ 33,430 $ 35,322 Property and Casualty, surplus 41,489 38,308 Statutory surplus $ 74,919 $ 73,630

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Information [Abstract]
Revenue and income (loss) before tax for each business unit	The Parent’s primary insurance subsidiaries operate with relative autonomy and each company is evaluated based on its individual performance. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each segment derives revenue from the collection of premiums, as well as from investment income. Substantially all revenue other than that in the corporate and other segment is from external sources. For the Year Ended December 31, 2016 American Southern Bankers Fidelity Corporate & Other Adjustments & Eliminations Consolidated Insurance premiums $ 53,763 $ 99,702 $ — $ — $ 153,465 Insurance benefits and losses incurred 34,408 68,789 — — 103,197 Expenses deferred (7,834 ) (5,159 ) — — (12,993 ) Amortization and depreciation expense 8,709 3,667 713 — 13,089 Other expenses 15,562 37,258 15,761 (9,321 ) 59,260 Total expenses 50,845 104,555 16,474 (9,321 ) 162,553 Underwriting income (loss) 2,918 (4,853 ) Investment income 3,868 5,725 2,217 (1,926 ) 9,884 Other income — 10 7,518 (7,395 ) 133 Operating income (loss) 6,786 882 (6,739 ) — 929 Net realized gains (losses) 528 2,068 (1 ) — 2,595 Income (loss) before income taxes $ 7,314 $ 2,950 $ (6,740 ) $ — $ 3,524 Total revenues $ 58,159 $ 107,505 $ 9,734 $ (9,321 ) $ 166,077 Intangibles $ 1,350 $ 1,194 $ — $ — $ 2,544 Total assets $ 123,721 $ 168,657 $ 138,694 $ (112,472 ) $ 318,600 For the Year Ended December 31, 2015 American Southern Bankers Fidelity Corporate & Other Adjustments & Eliminations Consolidated Insurance premiums $ 54,508 $ 96,384 $ — $ — $ 150,892 Insurance benefits and losses incurred 35,046 66,318 — — 101,364 Expenses deferred (9,093 ) (2,112 ) — — (11,205 ) Amortization and depreciation expense 9,057 1,707 673 — 11,437 Other expenses 17,845 33,210 16,789 (9,211 ) 58,633 Total expenses 52,855 99,123 17,462 (9,211 ) 160,229 Underwriting income (loss) 1,653 (2,739 ) Investment income 4,107 5,680 2,060 (1,762 ) 10,085 Other income 10 10 7,532 (7,449 ) 103 Operating income (loss) 5,770 2,951 (7,870 ) — 851 Net realized gains 872 3,795 190 — 4,857 Income (loss) before income taxes $ 6,642 $ 6,746 $ (7,680 ) $ — $ 5,708 Total revenues $ 59,497 $ 105,869 $ 9,782 $ (9,211 ) $ 165,937 Intangibles $ 1,350 $ 1,194 $ — $ — $ 2,544 Total assets $ 123,445 $ 160,964 $ 136,869 $ (106,675 ) $ 314,603

Disclosures About Fair Value 38

Disclosures About Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosures About Fair Value of Financial Instruments [Abstract]
Carrying amount, estimated fair value and level within the fair value hierarchy of financial instruments	The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of December 31, 2016 and 2015. Level in Fair Value Hierarchy (1) 2016 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ 13,252 $ 13,252 $ 15,622 $ 15,622 Fixed maturities (1) 210,670 210,670 205,324 205,324 Equity securities (1) 20,257 20,257 23,131 23,131 Other invested assets Level 3 9,709 9,709 6,454 7,070 Policy loans Level 2 2,265 2,265 2,200 2,200 Real estate Level 2 38 38 38 38 Investments in unconsolidated trusts Level 2 1,238 1,238 1,238 1,238 Liabilities: Junior Subordinated Debentures, net Level 2 33,738 33,738 33,738 33,738 (1) See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income [Abstract]
Changes in balances of each component of accumulated other comprehensive income, net of taxes	The following table sets forth the balance of the only component of accumulated other comprehensive income as of December 31, 2016 and 2015, and the changes in the balance of that component during 2016. Unrealized Gains on Available-for- Sale Securities Balance, December 31, 2015 $ 4,584 Other comprehensive income before reclassifications 2,933 Amounts reclassified from accumulated other comprehensive income (1,687 ) Net current period other comprehensive income 1,246 Balance, December 31, 2016 $ 5,830

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Subsidiary	Dec. 31, 2015USD ($)
Principles of Consolidation [Abstract]
Number of insurance subsidiaries owned by the parent | Subsidiary	4
Number of non-insurance subsidiaries owned by the parent | Subsidiary	1
Investments [Abstract]
Estimated fair value	$ 1,264	$ 2,237
Recently Issued Accounting Standards [Abstract]
Equity securities available-for-sale	20,257	$ 23,131
ASU 2016-01 [Member]
Recently Issued Accounting Standards [Abstract]
Equity securities available-for-sale	20,257
Equity securities unrealized gains, net of tax	5,723
New accounting pronouncement, effect of change on income, net of tax	$ (2,193)

Investments, Aggregated by Type

Investments, Aggregated by Type and Industry (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)SecuritiesIssuer	Dec. 31, 2015USD ($)
Investments aggregated by type and industry [Abstract]
Carrying value	$ 210,670	$ 205,324
Gross unrealized gains	5,706	4,933
Gross unrealized losses	5,541	10,059
Cost or amortized cost	210,505	210,450
Carrying value	20,257	23,131
Gross unrealized gains	8,804	12,178
Gross unrealized losses	0	0
Cost or amortized cost	11,453	10,953
Other invested assets	9,709	6,454
Other invested assets, cost or amortized cost	9,709	6,454
Policy loans	2,265	2,200
Policy loans, cost or amortized cost	2,265	2,200
Real estate	38	38
Real estate, cost or amortized cost	38	38
Investment in unconsolidated trusts	1,238	1,238
Investment in unconsolidated trusts, cost or amortized cost	1,238	1,238
Total investments	244,177	238,385
Total investments, gross unrealized gains	14,510	17,111
Total investments, gross unrealized losses	5,541	10,059
Total investments, cost or amortized cost	235,208	231,333
Amortized cost of bonds on deposit with insurance regulatory authorities	$ 11,435	11,259
Number of securities in unrealized loss position | Securities	77
Oil and Gas Properties [Member]
Investments aggregated by type and industry [Abstract]
Gross unrealized losses	$ 1,194
Fixed maturity investments, number of issuers | Issuer	7
Fixed Maturities - U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	$ 31,102	22,234
Gross unrealized gains	197	290
Gross unrealized losses	553	175
Cost or amortized cost	31,458	22,119
Fixed Maturities - Obligations of States and Political Subdivisions [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	17,572	25,479
Gross unrealized gains	625	621
Gross unrealized losses	308	552
Cost or amortized cost	17,255	25,410
Fixed Maturities - Corporate Securities [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	161,804	157,165
Gross unrealized gains	4,884	4,019
Gross unrealized losses	4,680	9,332
Cost or amortized cost	161,600	162,478
Fixed Maturities - Utilities and Telecom [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	18,034	17,589
Gross unrealized gains	1,462	1,357
Gross unrealized losses	88	692
Cost or amortized cost	16,660	16,924
Fixed Maturities - Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	57,282	54,035
Gross unrealized gains	1,880	1,797
Gross unrealized losses	911	1,351
Cost or amortized cost	56,313	53,589
Fixed Maturities - Other Business - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	57,419	60,960
Gross unrealized gains	1,071	729
Gross unrealized losses	2,337	5,898
Cost or amortized cost	58,685	66,129
Fixed Maturities - Other Consumer - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	29,069	24,581
Gross unrealized gains	471	136
Gross unrealized losses	1,344	1,391
Cost or amortized cost	29,942	25,836
Fixed Maturities - Redeemable Preferred Stocks [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	192	446
Gross unrealized gains	0	3
Gross unrealized losses	0	0
Cost or amortized cost	192	443
Fixed Maturities - Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Carrying value		253
Gross unrealized gains		3
Gross unrealized losses		0
Cost or amortized cost		250
Fixed Maturities - Other Consumer Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	192	193
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Cost or amortized cost	192	193
Equity Securities - Utilities and Telecom [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	1,601	1,386
Gross unrealized gains	637	422
Gross unrealized losses	0	0
Cost or amortized cost	964	964
Equity Securities - Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	5,402	5,175
Gross unrealized gains	574	847
Gross unrealized losses	0	0
Cost or amortized cost	4,828	4,328
Equity Securities - Other Business Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	244	198
Gross unrealized gains	197	151
Gross unrealized losses	0	0
Cost or amortized cost	47	47
Equity Securities - Other Consumer Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	13,010	16,372
Gross unrealized gains	7,396	10,758
Gross unrealized losses	0	0
Cost or amortized cost	$ 5,614	$ 5,614

Investments, Aggregated by Indu

Investments, Aggregated by Industry (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investments aggregated by industry [Abstract]
Carrying value	$ 210,670	$ 205,324
Cost or amortized cost	210,505	210,450
Carrying value	244,177	238,385
Cost or amortized cost	235,208	231,333
Unrealized gains (losses)	8,969	7,052
U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Investments aggregated by industry [Abstract]
Carrying value	31,102	22,234
Cost or amortized cost	31,458	22,119
Unrealized gains (losses)	(356)	115
Obligations of States and Political Subdivisions [Member]
Investments aggregated by industry [Abstract]
Carrying value	17,572	25,479
Cost or amortized cost	17,255	25,410
Unrealized gains (losses)	317	69
Utilities and Telecom [Member]
Investments aggregated by industry [Abstract]
Carrying value	19,635	18,975
Cost or amortized cost	17,624	17,888
Unrealized gains (losses)	2,011	1,087
Financial Services [Member]
Investments aggregated by industry [Abstract]
Carrying value	62,684	59,463
Cost or amortized cost	61,141	58,167
Unrealized gains (losses)	1,543	1,296
Other Business - Diversified [Member]
Investments aggregated by industry [Abstract]
Carrying value	57,663	61,158
Cost or amortized cost	58,732	66,176
Unrealized gains (losses)	(1,069)	(5,018)
Other Consumer - Diversified [Member]
Investments aggregated by industry [Abstract]
Carrying value	42,271	41,146
Cost or amortized cost	35,748	31,643
Unrealized gains (losses)	6,523	9,503
Other Investments [Member]
Investments aggregated by industry [Abstract]
Carrying value	13,250	9,930
Cost or amortized cost	$ 13,250	$ 9,930

Investments, Securities with Co

Investments, Securities with Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	$ 91,645	$ 104,770
12 months or longer	20,587	18,374
Total Fair Value	112,232	123,144
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	2,985	4,956
12 months or longer	2,556	5,103
Total Unrealized Losses	5,541	10,059
Fixed Maturities - U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	23,494	9,209
12 months or longer	0	2,243
Total Fair Value	23,494	11,452
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	553	120
12 months or longer	0	55
Total Unrealized Losses	553	175
Fixed Maturities - Obligations of States and Political Subdivisions [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	8,747	16,079
12 months or longer	0	0
Total Fair Value	8,747	16,079
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	308	552
12 months or longer	0	0
Total Unrealized Losses	308	552
Fixed Maturities - Corporate Securities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	59,404	79,482
12 months or longer	20,587	16,131
Total Fair Value	79,991	95,613
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	2,124	4,284
12 months or longer	2,556	5,048
Total Unrealized Losses	$ 4,680	$ 9,332

Investments, Fair Value Measure

Investments, Fair Value Measured on a Recurring Basis (Details) - Recurring [Member] - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		$ 240,738	$ 242,227
Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		210,670	205,324
Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		20,257	23,131
Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		9,811	13,772
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		24,964	32,017
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		15,153	18,245
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		9,811	13,772
Significant Other Observable Inputs (Level 2) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		214,510	207,973
Significant Other Observable Inputs (Level 2) [Member] | Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		209,406	203,087
Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	[1]	5,104	4,886
Significant Other Observable Inputs (Level 2) [Member] | Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		0	0
Significant Unobservable Inputs (Level 3) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		1,264	2,237
Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	[1]	1,264	2,237
Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		0	0
Significant Unobservable Inputs (Level 3) [Member] | Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value		$ 0	$ 0
[1]	All underlying securities are financial service industry related.

Investments, Roll-forward of Fi

Investments, Roll-forward of Financial Instruments Measured at Fair Value (Details) - Fixed Maturities [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Assets measured at fair value on a recurring basis [Abstract]
Balance, beginning of period	$ 2,237	$ 2,214
Total realized gains included in earnings	57
Total unrealized gains (losses) included in other comprehensive income (loss)	(30)	23
Settlements	(1,000)
Balance, end of period	$ 1,264	$ 2,237

Investments, Fixed Maturities b

Investments, Fixed Maturities by Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Carrying Value [Abstract]
Due in one year or less	$ 2,544	$ 4,143
Due after one year through five years	20,278	20,557
Due after five years through ten years	90,667	99,614
Due after ten years	80,099	79,882
Varying maturities	17,082	1,128
Totals	210,670	205,324
Amortized Cost [Abstract]
Due in one year or less	2,507	4,113
Due after one year through five years	20,038	20,591
Due after five years through ten years	90,926	103,066
Due after ten years	79,627	81,684
Varying maturities	17,407	996
Cost or amortized cost	$ 210,505	$ 210,450

Investments, Income Earned (Det

Investments, Income Earned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Investment income earned [Abstract]
Total investment income	$ 9,884	$ 10,085
Less investment expenses, included in other expenses	(577)	(552)
Net investment income	9,307	9,533
Fixed Maturities [Member]
Investment income earned [Abstract]
Total investment income	9,122	9,327
Equity Securities [Member]
Investment income earned [Abstract]
Total investment income	491	488
Other Investments [Member]
Investment income earned [Abstract]
Total investment income	$ 271	$ 270

Investments, Summary of Realize

Investments, Summary of Realized Investment Gains (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of realized investment gains (losses) [Abstract]
Gains	$ 2,684	$ 5,501
Losses	(89)	(644)
Realized investment gains, net	2,595	4,857
Proceeds from sales of investments [Abstract]
Total proceeds	$ 62,361	84,873
Percentage of investment grade securities in bond portfolio	88.00%
Fixed Maturities [Member]
Summary of realized investment gains (losses) [Abstract]
Gains	$ 1,119	2,347
Losses	(89)	(628)
Realized investment gains, net	1,030	1,719
Proceeds from sales of investments [Abstract]
Total proceeds	59,072	80,995
Equity Securities [Member]
Summary of realized investment gains (losses) [Abstract]
Gains	0	0
Losses	0	(16)
Realized investment gains, net	0	(16)
Other Investments [Member]
Summary of realized investment gains (losses) [Abstract]
Gains	1,565	3,154
Losses	0	0
Realized investment gains, net	1,565	3,154
Proceeds from sales of investments [Abstract]
Total proceeds	$ 3,289	$ 3,878

Insurance Reserves and Policy49

Insurance Reserves and Policyholder Funds (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Reserves for life, accident and health [Abstract]
Future policy benefits			$ 74,843	$ 72,136
Amount of Insurance In Force, Net			247,480	250,348
Unearned premiums			23,208	25,348
Losses, claims and loss adjustment expenses	$ 63,870	$ 63,870	62,562	63,870
Other policy liabilities			2,066	1,991
Total insurance reserves and policyholder funds			162,679	163,345
Annualized premiums for accident and health insurance policies	95,956	87,480
Summary of activity in liability for unpaid loss and claim reserves [Abstract]
Balance at January 1	63,870	66,625
Less: Reinsurance recoverable on unpaid losses	(11,741)	(14,302)
Net balance at January 1	52,129	52,323
Incurred related to [Abstract]
Current year	103,252	99,447
Prior years	(3,377)	(701)
Total incurred	99,875	98,746
Paid related to [Abstract]
Current year	71,980	68,159
Prior years	28,258	30,781
Total paid	100,238	98,940
Net balance at December 31	51,766	52,129
Plus: Reinsurance recoverable on unpaid losses	10,796	11,741
Balance at December 31	62,562	63,870
Reconciliation of total incurred claims to total insurance benefits and losses incurred [Abstract]
Total incurred losses	99,875	98,746
Cash surrender value and matured endowments	1,278	1,390
Benefit reserve changes	2,044	1,228
Total insurance benefits and losses incurred	$ 103,197	$ 101,364
Ordinary [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			54,554	54,130
Amount of Insurance In Force, Net			245,017	247,590
Mass market [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			2,003	2,205
Amount of Insurance In Force, Net			2,463	2,758
Individual annuities [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			84	103
Amount of Insurance In Force, Net			0	0
Life insurance segment [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			56,641	56,438
Amount of Insurance In Force, Net			247,480	250,348
Accident and health insurance [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			$ 18,202	$ 15,698
Life, accident and health insurance [Member] | Prior to 1977 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	prior to 1977
Life, accident and health insurance [Member] | Prior to 1977 [Member] | Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	2.50%
Life, accident and health insurance [Member] | Prior to 1977 [Member] | Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.50%
Life, accident and health insurance [Member] | 1977 through 1979 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	1977 through 1979
Life, accident and health insurance [Member] | 1977 through 1979 [Member] | Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.50%
Life, accident and health insurance [Member] | 1977 through 1979 [Member] | Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	7.00%
Life, accident and health insurance [Member] | 1980 through 1987 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	9.00%
Policy issue range for future benefits assumptions	1980 through 1987
Life, accident and health insurance [Member] | 1988 through 2009 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	1988 through 2009
Life, accident and health insurance [Member] | 1988 through 2009 [Member] | Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.00%
Life, accident and health insurance [Member] | 1988 through 2009 [Member] | Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	7.00%
Life, accident and health insurance [Member] | 2010 through 2012 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	4.00%
Policy issue range for future benefits assumptions	2010 through 2012 issues
Life, accident and health insurance [Member] | 2013 through 2016 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	3.50%
Policy issue range for future benefits assumptions	2013 through 2016 issues

Insurance Reserves and Policy50

Insurance Reserves and Policyholder Funds, Liability for Unpaid Losses, Claims and Loss Adjustment Expenses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Claim	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2009USD ($)	Dec. 31, 2008USD ($)	Dec. 31, 2007USD ($)
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	$ 50,343
Duration required for loss data to develop the estimated ultimate incurred claims	36 months
Minimum [Member]
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Property and casualty claim threshold amount required for review	$ 25,000
Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	439,674
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	429,927
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	9,747
Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	142,829
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	113,577
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	29,252
Automobile Physical Damage [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	33,084
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	31,977
All outstanding liabilities prior period net of reinsurance	41
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	1,148
General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	19,391
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	14,987
All outstanding liabilities prior period net of reinsurance	238
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	4,642
Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	32,101
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	28,607
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	3,494
Accident Year 2007 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	29,211	$ 29,111	$ 29,212	$ 29,213	$ 29,213	$ 29,214	$ 29,225	$ 29,230	$ 29,169	$ 29,616
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	526,227
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 29,211	29,211	29,212	29,213	29,213	29,214	29,255	29,230	29,169	24,324
Accident Year 2007 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	7,290	7,303	7,314	7,299	7,296	7,253	7,407	7,415	6,733	6,711
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	1,663
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 7,290	7,249	7,247	7,230	7,008	6,824	6,519	5,957	4,792	2,631
Accident Year 2007 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	4,503	4,443	4,457	4,377	4,257	3,960	4,293	4,648	5,124	6,549
IBNR Reserves	$ 17
Cumulative number of reported claims | Claim	488
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 4,426	4,371	4,214	3,966	3,595	3,387	2,993	2,566	1,825	901
Accident Year 2007 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	769	814	818	856	868	1,084	983	893	1,953	3,287
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	37
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 769	814	816	853	849	937	698	664	519	$ 255
Accident Year 2008 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	28,682	28,683	28,683	28,687	28,688	28,712	28,721	28,698	29,344
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	528,104
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 28,682	28,683	28,683	28,687	28,688	28,712	28,721	28,698	24,055
Accident Year 2008 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	6,105	6,104	6,106	6,112	6,124	6,374	6,627	7,011	9,723
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	1,534
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 6,105	6,104	6,104	6,065	5,839	5,695	5,077	4,202	2,426
Accident Year 2008 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	2,647	2,548	2,507	2,489	2,479	2,685	2,858	4,359	5,386
IBNR Reserves	$ 20
Cumulative number of reported claims | Claim	387
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 2,564	2,506	2,418	2,123	2,023	1,861	1,637	1,091	534
Accident Year 2008 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	2,324	2,324	2,360	2,360	2,312	2,312	2,420	2,098	3,883
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	62
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 2,324	2,324	2,360	2,359	2,311	2,232	2,261	1,369	$ 503
Accident Year 2009 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	30,430	30,431	30,432	30,438	30,447	30,481	30,455	31,124
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	555,808
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 30,430	30,431	30,432	30,438	30,447	30,481	30,455	29,866
Accident Year 2009 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	8,154	8,155	8,123	8,245	8,558	8,659	8,891	10,817
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	1,754
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 8,154	8,155	8,123	7,995	7,502	6,353	5,208	3,250
Accident Year 2009 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	1,832	1,828	1,727	1,702	1,730	1,944	2,215	3,392
IBNR Reserves	$ 4
Cumulative number of reported claims | Claim	283
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 1,816	1,796	1,662	1,629	1,410	1,082	941	476
Accident Year 2009 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	4,664	4,916	4,636	3,616	3,951	4,239	5,025	4,920
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	83
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 4,663	3,757	3,760	3,410	3,205	2,640	1,595	$ 103
Accident Year 2010 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	34,268	34,272	34,282	34,303	34,323	34,328	34,849
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	620,799
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 34,268	34,272	34,282	34,303	34,323	34,328	29,127
Accident Year 2010 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	10,202	10,185	10,068	9,937	10,547	10,818	10,752
IBNR Reserves	$ 18
Cumulative number of reported claims | Claim	1,946
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 10,090	10,056	9,725	9,382	8,291	6,274	3,211
Accident Year 2010 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	2,423	2,400	2,258	2,337	2,269	2,699	4,114
IBNR Reserves	$ 10
Cumulative number of reported claims | Claim	288
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 2,382	2,368	2,037	1,542	1,374	678	284
Accident Year 2010 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	3,563	3,549	3,607	3,396	3,618	4,624	3,995
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	93
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 3,560	3,545	3,252	2,943	2,780	2,193	$ 928
Accident Year 2011 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	38,302	38,316	38,327	38,360	38,296	38,188
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	658,696
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 38,302	38,316	38,327	38,360	38,296	31,720
Accident Year 2011 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	13,495	13,281	13,289	13,235	13,802	12,263
IBNR Reserves	$ 65
Cumulative number of reported claims | Claim	2,129
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 13,106	13,039	12,071	9,858	7,934	4,205
Accident Year 2011 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	1,242	1,174	1,338	1,452	1,723	3,022
IBNR Reserves	$ 17
Cumulative number of reported claims | Claim	198
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 1,169	1,161	835	582	412	295
Accident Year 2011 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	5,031	4,966	5,092	5,080	4,786	4,422
IBNR Reserves	$ 1
Cumulative number of reported claims | Claim	124
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 5,022	4,939	4,748	4,622	3,207	$ 1,031
Accident Year 2012 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	50,989	50,998	51,021	50,996	50,021
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	860,258
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 50,989	50,998	51,021	50,996	42,267
Accident Year 2012 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	13,313	13,707	14,108	15,007	12,980
IBNR Reserves	$ 19
Cumulative number of reported claims | Claim	2,338
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 13,197	12,932	11,507	8,791	4,627
Accident Year 2012 [Member] | Automobile Physical Damage [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	5,070	5,070	5,113	5,114	5,478
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	1,129
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 5,067	5,067	5,089	5,075	4,610
Accident Year 2012 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	1,214	1,270	1,269	1,305	4,055
IBNR Reserves	$ 23
Cumulative number of reported claims | Claim	155
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 1,113	1,034	847	707	371
Accident Year 2012 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	4,869	5,345	5,396	4,767	4,979
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	86
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 4,869	5,331	4,856	4,581	$ 2,257
Accident Year 2013 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	57,023	57,034	56,970	56,974
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	949,778
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 57,023	57,034	56,970	47,770
Accident Year 2013 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	21,823	21,096	20,702	18,664
IBNR Reserves	$ 906
Cumulative number of reported claims | Claim	3,251
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 19,407	16,782	12,193	5,144
Accident Year 2013 [Member] | Automobile Physical Damage [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	5,599	5,536	5,515	6,039
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	1,598
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 5,599	5,466	5,486	4,778
Accident Year 2013 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	817	926	728	3,461
IBNR Reserves	$ 2
Cumulative number of reported claims | Claim	186
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 811	579	339	104
Accident Year 2013 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	2,947	2,743	2,007	3,060
IBNR Reserves	$ 31
Cumulative number of reported claims | Claim	56
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 2,763	1,369	1,010	$ 323
Accident Year 2014 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	56,981	56,938	57,179
IBNR Reserves	$ 0
Cumulative number of reported claims | Claim	933,020
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 56,981	56,938	48,024
Accident Year 2014 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	22,041	21,881	20,812
IBNR Reserves	$ 1,683
Cumulative number of reported claims | Claim	3,522
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 17,554	13,807	6,822
Accident Year 2014 [Member] | Automobile Physical Damage [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	7,583	7,657	8,079
IBNR Reserves	$ 1
Cumulative number of reported claims | Claim	1,633
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 7,570	7,619	6,437
Accident Year 2014 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	557	501	3,744
IBNR Reserves	$ 128
Cumulative number of reported claims | Claim	189
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 331	299	171
Accident Year 2014 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	2,990	3,130	3,214
IBNR Reserves	$ 75
Cumulative number of reported claims | Claim	46
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 2,727	2,327	$ 1,331
Accident Year 2015 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	54,939	55,482
IBNR Reserves	$ 62
Cumulative number of reported claims | Claim	890,878
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 54,876	45,430
Accident Year 2015 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	19,857	18,521
IBNR Reserves	$ 2,992
Cumulative number of reported claims | Claim	3,431
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 11,878	6,226
Accident Year 2015 [Member] | Automobile Physical Damage [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	7,955	8,287
IBNR Reserves	$ 2
Cumulative number of reported claims | Claim	1,583
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 7,937	6,745
Accident Year 2015 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	1,037	4,421
IBNR Reserves	$ 467
Cumulative number of reported claims | Claim	136
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 259	98
Accident Year 2015 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	1,630	1,902
IBNR Reserves	$ 377
Cumulative number of reported claims | Claim	48
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 856	$ 641
Accident Year 2016 [Member] | Medicare Supplement [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	58,849
IBNR Reserves	$ 9,520
Cumulative number of reported claims | Claim	879,603
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 49,165
Accident Year 2016 [Member] | Automobile Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	20,549
IBNR Reserves	$ 7,421
Cumulative number of reported claims | Claim	3,374
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 6,796
Accident Year 2016 [Member] | Automobile Physical Damage [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	6,877
IBNR Reserves	$ 196
Cumulative number of reported claims | Claim	1,187
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 5,804
Accident Year 2016 [Member] | General Liability [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	3,119
IBNR Reserves	$ 2,660
Cumulative number of reported claims | Claim	63
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 116
Accident Year 2016 [Member] | Surety [Member]
Incurred Claims Development, Net of Reinsurance [Abstract]
Incurred claims and allocated claim adjustment expenses, net of reinsurance	3,314
IBNR Reserves	$ 1,703
Cumulative number of reported claims | Claim	41
Cumulative Paid Claims Development, Net of Reinsurance [Abstract]
Cumulative paid claims and allocated claim adjustment expense, net of reinsurance.	$ 1,054

Insurance Reserves and Policy51

Insurance Reserves and Policyholder Funds, Average Historical Claims Duration (Details)	Dec. 31, 2016
Medicare Supplement [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	83.70%
2nd Year	16.30%
3rd Year	0.10%
4th Year	(0.10%)
5th Year	0.00%
6th Year	0.00%
7th Year	0.00%
8th Year	0.00%
9th Year	0.00%
10th Year	0.00%
Automobile Liability [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	33.20%
2nd Year	29.30%
3rd Year	17.10%
4th Year	11.70%
5th Year	4.20%
6th Year	2.30%
7th Year	1.10%
8th Year	0.10%
9th Year	0.00%
10th Year	0.60%
Automobile Physical Damage [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	86.10%
2nd Year	13.10%
3rd Year	(0.20%)
4th Year	1.00%
5th Year	0.00%
General Liability [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	18.90%
2nd Year	20.80%
3rd Year	16.70%
4th Year	15.30%
5th Year	13.30%
6th Year	4.90%
7th Year	6.80%
8th Year	3.30%
9th Year	2.80%
10th Year	1.20%
Surety [Member]
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (unaudited) [Abstract]
1st Year	27.70%
2nd Year	33.30%
3rd Year	19.40%
4th Year	11.30%
5th Year	7.00%
6th Year	1.60%
7th Year	0.20%
8th Year	4.40%
9th Year	(0.10%)
10th Year	(5.90%)

Insurance Reserves and Policy52

Insurance Reserves and Policyholder Funds, Incurred Paid Claims Reconciliation (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	$ 50,343
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	10,796	$ 11,741
Unallocated claims adjustment expenses	1,423
Total gross liability for unpaid losses, claims and loss adjustment expenses	62,562	$ 63,870	$ 66,625
Medicare Supplement [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	9,747
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	990
Automobile Liability [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	29,252
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	5,556
Automobile Physical Damage [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	1,148
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	106
General Liability [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	4,642
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	4,135
Surety [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	3,494
Other Short-Duration Insurance Lines [Member]
Net Outstanding Liabilities [Abstract]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	2,060
Reinsurance Recoverable on Unpaid Claims [Abstract]
Total reinsurance recoverable on unpaid losses	$ 9

Reinsurance (Details)

Reinsurance (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Reinsurer	Dec. 31, 2015USD ($)
Ceded Credit Risk [Line Items]
Percentage of reinsurance recoverables due from reinsurers	99.00%
Number of reinsurers | Reinsurer	2
Summary reconciliation of premiums written and premiums earned [Abstract]
Direct premiums written	$ 142,200	$ 138,035
Assumed premiums written	19,123	18,656
Ceded premiums written	(10,225)	(4,995)
Net premiums written	151,098	151,696
Direct premiums earned	144,339	137,436
Assumed premiums earned	19,124	18,451
Ceded premiums earned	(9,998)	(4,995)
Net premiums earned	153,465	150,892
Provision for benefits and losses incurred	109,616	104,286
Reinsurance loss recoveries	(6,419)	(2,922)
Total insurance benefits and losses incurred	103,197	101,364
Components of reinsurance recoverables [Abstract]
Recoverable on unpaid losses	10,796	11,741
Recoverable on unpaid benefits	655	0
Recoverable on paid losses	0	18
Ceded unearned premiums	227	0
Ceded advanced premiums	25	0
Total reinsurance recoverables	11,703	$ 11,759
Swiss Reinsurance Corporation [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables due	280
General Reinsurance Corporation [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables due	$ 11,326

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Allocation of total income taxes [Abstract]
Total tax expense on income	$ 888	$ 1,320
Tax expense (benefit) on components of shareholders' equity [Abstract]
Net unrealized gains (losses) on investment securities	671	(2,528)
Total tax expense (benefit)	1,559	(1,208)
Reconciliation of income tax (benefit) expense [Abstract]
Federal income tax provision at statutory rate of 35%	1,233	1,998
Dividends-received deduction	(95)	(99)
Small life insurance company deduction	(376)	(582)
Other	55	42
Adjustment for prior years' estimates to actual	71	(39)
Income tax expense	$ 888	$ 1,320
Effective tax rate	25.20%	23.10%
Federal statutory income tax rate	35.00%
SLD as percentage of life insurance company taxable income	60.00%
Percentage of reduction in SLD	15.00%
Tentative amount of LICTI to reduction of SLD	$ 3,000
Tentative amount of LICTI to phase out of SLD	15,000
Deferred tax liabilities [Abstract]
Deferred acquisition costs	(2,345)	$ (2,623)
Deferred and uncollected premiums	(654)	(677)
Net unrealized investment gains	(3,140)	(2,469)
Other	(666)	(642)
Total deferred tax liabilities	(6,805)	(6,411)
Deferred tax assets [Abstract]
Insurance reserves	4,589	4,522
Impaired assets	1,454	1,474
Alternative minimum tax credit	282	504
Bad debts and other	640	740
Total deferred tax assets	6,965	7,240
Net deferred tax asset	160	829
Components of income tax expense [Abstract]
Current - Federal	890	1,016
Deferred - Federal	(2)	304
Income tax expense	$ 888	$ 1,320

Junior Subordinated Debenture55

Junior Subordinated Debentures (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)TrustQuarter$ / sharesshares
Debt Instrument [Line Items]
Number of Connecticut statutory business trusts | Trust	2
Financial structure of statutory business trusts [Abstract]
Net balance December 31, 2016	$ 33,738
Net balance December 31, 2015	$ 33,738
Junior Subordinated Debentures [Member]
Financial structure of statutory business trusts [Abstract]
Number of consecutive quarters for which interest payments can be deferred | Quarter	20
Atlantic American Statutory Trust I [Member] | Junior Subordinated Debentures [Member]
Financial structure of statutory business trusts [Abstract]
Principal amount owed	$ 18,042	[1],[2]
Balance December 31, 2016	18,042	[1],[2]
Less: Treasury debt	0	[1],[2],[3]
Net balance December 31, 2016	18,042	[1],[2]
Net balance December 31, 2015	$ 18,042	[1],[2]
Coupon rate	LIBOR + 4.00%	[1],[2]
Interest payable	Quarterly	[1],[2]
Maturity date	Dec. 4, 2032	[1],[2]
Redeemable by issuer	Yes	[1],[2]
Atlantic American Statutory Trust I [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate	4.00%
Atlantic American Statutory Trust I [Member] | Trust Preferred Securities [Member]
Financial structure of statutory business trusts [Abstract]
Coupon rate	LIBOR + 4.00%
Issuance date	Dec. 4, 2002
Securities issued (in shares) | shares	17,500
Liquidation preference per security (in dollars per share) | $ / shares	$ 1
Liquidation value	$ 17,500
Distribution payable	Quarterly
Distribution guaranteed by	Atlantic American Corporation	[4]
Atlantic American Statutory Trust I [Member] | Trust Preferred Securities [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate	4.00%
Atlantic American Statutory Trust II [Member] | Junior Subordinated Debentures [Member]
Financial structure of statutory business trusts [Abstract]
Principal amount owed	$ 23,196	[1],[2]
Balance December 31, 2016	23,196	[1],[2]
Less: Treasury debt	(7,500)	[1],[2],[3]
Net balance December 31, 2016	15,696	[1],[2]
Net balance December 31, 2015	$ 15,696	[1],[2]
Coupon rate	LIBOR + 4.10%	[1],[2]
Interest payable	Quarterly	[1],[2]
Maturity date	May 15, 2033	[1],[2]
Redeemable by issuer	Yes	[1],[2]
Atlantic American Statutory Trust II [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate	4.10%
Atlantic American Statutory Trust II [Member] | Trust Preferred Securities [Member]
Financial structure of statutory business trusts [Abstract]
Coupon rate	LIBOR + 4.10%
Issuance date	May 15, 2003
Securities issued (in shares) | shares	22,500
Liquidation preference per security (in dollars per share) | $ / shares	$ 1
Liquidation value	$ 22,500
Distribution payable	Quarterly
Distribution guaranteed by	Atlantic American Corporation	[4]
Atlantic American Statutory Trust II [Member] | Trust Preferred Securities [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
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.
[3]	On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures.
[4]	The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Commitments and Contingencies56

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitments and Contingencies [Abstract]
Rental expense for operating leases	$ 1,277	$ 1,261
Future minimum base lease obligations under non-cancelable operating leases [Abstract]
2,017	917
2,018	457
2,019	193
Thereafter	0
Total	$ 1,567

Benefit Plans (Details)

Benefit Plans (Details) - Plan 2012 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance (in shares)	2,000,000
Shares available for future grant (in shares)	1,423,200	1,603,200
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	0	0
Options outstanding (in shares)	0	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued (in shares)	180,000	48,300
Estimated fair value of shares issued	$ 741	$ 178
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Benefit Plans, Share-based Comp

Benefit Plans, Share-based Compensation Stock Option by Exercise Price Range (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
401(k) Plan [Abstract]
Maximum percentage of compensation employees may defer	50.00%
Total matching contribution	$ 223	$ 212
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	$ 433	$ 416

Preferred Stock (Details)

Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Series D Preferred Stock, outstanding (in shares)	55,000	55,000
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Dividends paid for Series D Preferred Stock	$ 399	$ 399
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Series D Preferred Stock, outstanding (in shares)	55,000	55,000
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Accrued annual dividends rate (in dollars per share)	$ 7.25	$ 7.25
Number of preferred stock shares convertible to common shares (in shares)	1,378,000
Maximum number of common stock issuable from conversion of preference shares, without obtaining prior shareholder approval (in shares)	2,703,000
Dividends accrued but unpaid	$ 18	$ 18
Dividends paid for Series D Preferred Stock	$ 399	$ 399

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income [Abstract]
Net income before preferred stock dividends	$ 2,636	$ 4,388
Less preferred stock dividends	(399)	(399)
Net income applicable to common shareholders	$ 2,237	$ 3,989
Shares [Abstract]
Weighted average shares outstanding (in shares)	20,445	20,566
Per Share Amount [Abstract]
Net income applicable to common shareholders (in dollars per share)	$ 0.11	$ 0.19

Statutory Reporting (Details)

Statutory Reporting (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statutory Accounting Practices [Line Items]
Dividends received from its subsidiaries	$ 5,508	$ 6,750
Maximum dividend payments by insurance subsidiaries without requiring prior approval	5,650
Statutory accounting practices [Member]
Statutory Accounting Practices [Line Items]
Statutory net income	7,603	9,437
Statutory surplus	74,919	73,630
Statutory accounting practices [Member] | Life and Health [Member]
Statutory Accounting Practices [Line Items]
Statutory net income	1,133	4,147
Statutory surplus	33,430	35,322
Statutory accounting practices [Member] | Property and Casualty [Member]
Statutory Accounting Practices [Line Items]
Statutory net income	6,470	5,290
Statutory surplus	$ 41,489	$ 38,308

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)ft²Directorshares	Dec. 31, 2015USD ($)shares
Related Party Transaction [Line Items]
Number of board of directors | Director	2
Rental expense for operating leases	$ 1,277	$ 1,261
Payment of dividends on Series D Preferred Stock	399	399
Series D Preferred Stock [Member]
Related Party Transaction [Line Items]
Payment of dividends on Series D Preferred Stock	$ 399	399
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Office and covered garage space leased | ft²	49,586
Rental expense for operating leases	$ 882	875
Services purchased from related party	215
Members of Management [Member]
Related Party Transaction [Line Items]
Aggregate carrying value of investments in Gray	10,305	$ 14,043
Premiums paid by Gray for group accident plan	$ 478
Members of Management [Member] | Class A common stock [Member]
Related Party Transaction [Line Items]
Shares of Gray common stock owned (in shares) | shares	880,272	880,272
Members of Management [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Shares of Gray common stock owned (in shares) | shares	106,000	106,000

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	$ 153,465	$ 150,892
Insurance benefits and losses incurred	103,197	101,364
Expenses deferred	(12,993)	(11,205)
Amortization and depreciation expense	13,089	11,437
Other expenses	59,260	58,633
Total benefits and expenses	162,553	160,229
Investment income	9,884	10,085
Other income	133	103
Operating income (loss)	929	851
Net realized gains (losses)	2,595	4,857
Income before income taxes	3,524	5,708
Total revenues	166,077	165,937
Intangibles	2,544	2,544
Total assets	318,600	314,603
Corporate and Other [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	0	0
Insurance benefits and losses incurred	0	0
Expenses deferred	0	0
Amortization and depreciation expense	713	673
Other expenses	15,761	16,789
Total benefits and expenses	16,474	17,462
Investment income	2,217	2,060
Other income	7,518	7,532
Operating income (loss)	(6,739)	(7,870)
Net realized gains (losses)	(1)	190
Income before income taxes	(6,740)	(7,680)
Total revenues	9,734	9,782
Intangibles	0	0
Total assets	138,694	136,869
Adjustments & Eliminations [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	0	0
Insurance benefits and losses incurred	0	0
Expenses deferred	0	0
Amortization and depreciation expense	0	0
Other expenses	(9,321)	(9,211)
Total benefits and expenses	(9,321)	(9,211)
Investment income	(1,926)	(1,762)
Other income	(7,395)	(7,449)
Operating income (loss)	0	0
Net realized gains (losses)	0	0
Income before income taxes	0	0
Total revenues	(9,321)	(9,211)
Intangibles	0	0
Total assets	(112,472)	(106,675)
American Southern [Member] | Operating Segments [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	53,763	54,508
Insurance benefits and losses incurred	34,408	35,046
Expenses deferred	(7,834)	(9,093)
Amortization and depreciation expense	8,709	9,057
Other expenses	15,562	17,845
Total benefits and expenses	50,845	52,855
Underwriting income (loss)	2,918	1,653
Investment income	3,868	4,107
Other income	0	10
Operating income (loss)	6,786	5,770
Net realized gains (losses)	528	872
Income before income taxes	7,314	6,642
Total revenues	58,159	59,497
Intangibles	1,350	1,350
Total assets	123,721	123,445
Bankers Fidelity [Member] | Operating Segments [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	99,702	96,384
Insurance benefits and losses incurred	68,789	66,318
Expenses deferred	(5,159)	(2,112)
Amortization and depreciation expense	3,667	1,707
Other expenses	37,258	33,210
Total benefits and expenses	104,555	99,123
Underwriting income (loss)	(4,853)	(2,739)
Investment income	5,725	5,680
Other income	10	10
Operating income (loss)	882	2,951
Net realized gains (losses)	2,068	3,795
Income before income taxes	2,950	6,746
Total revenues	107,505	105,869
Intangibles	1,194	1,194
Total assets	$ 168,657	$ 160,964

Disclosures About Fair Value 64

Disclosures About Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Carrying Amount [Member]
Assets [Abstract]
Fixed maturities	[1]	$ 210,670	$ 205,324
Equity securities	[1]	20,257	23,131
Carrying Amount [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		13,252	15,622
Carrying Amount [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,265	2,200
Real estate		38	38
Investment in unconsolidated trusts		1,238	1,238
Liabilities [Abstract]
Junior Subordinated Debentures, net		33,738	33,738
Carrying Amount [Member] | Level 3 [Member]
Assets [Abstract]
Other invested assets		9,709	6,454
Estimated Fair Value [Member]
Assets [Abstract]
Fixed maturities	[1]	210,670	205,324
Equity securities	[1]	20,257	23,131
Estimated Fair Value [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		13,252	15,622
Estimated Fair Value [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,265	2,200
Real estate		38	38
Investment in unconsolidated trusts		1,238	1,238
Liabilities [Abstract]
Junior Subordinated Debentures, net		33,738	33,738
Estimated Fair Value [Member] | Level 3 [Member]
Assets [Abstract]
Other invested assets		$ 9,709	$ 7,070
[1]	See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Accumulated Other Comprehensi65

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning Balance	$ 102,492	$ 104,195
Total other comprehensive income (loss), net of tax	1,246	(4,695)
Ending Balance	105,506	102,492
AOCI Attributable to Parent [Member]
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning Balance	4,584	9,279
Total other comprehensive income (loss), net of tax	1,246	(4,695)
Ending Balance	5,830	4,584
Unrealized Gains on Available-for-Sale Securities [Member]
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning Balance	4,584
Other comprehensive income before reclassifications	2,933
Amounts reclassified from accumulated other comprehensive income	(1,687)
Total other comprehensive income (loss), net of tax	1,246
Ending Balance	$ 5,830	$ 4,584

Schedule II CONDENSED FINANCI66

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
ASSETS [Abstract]
Cash and cash equivalents		$ 15,622	$ 15,622	$ 13,252	$ 15,622	$ 16,375
Investments				244,177	238,385
Investments in unconsolidated trusts				1,238	1,238
Deferred tax asset, net				160	829
Other assets				5,208	5,610
Total assets				318,600	314,603
LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]
Junior subordinated debentures				33,738	33,738
Total liabilities				213,094	212,111
Shareholders' equity				105,506	102,492	104,195
Total liabilities and shareholders' equity				318,600	314,603
REVENUE [Abstract]
Other		133	103
Total revenue		166,077	165,937
INTEREST EXPENSE		1,562	1,429
INCOME TAX BENEFIT		(888)	(1,320)
Net income		2,636	4,388
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]
Net income		2,636	4,388
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Realized investment losses (gains), net		(2,595)	(4,857)
Depreciation and amortization		1,205	1,117
Compensation expense related to share awards		586	365
Deferred income tax (benefit) expense		(2)	304
(Decrease) increase in other liabilities		1,649	1,442
Other, net		19	(245)
Net cash provided by operating activities		1,316	2,209
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]
Proceeds from investments sold, called or matured		10,874	5,924
Investments purchased		(75,071)	(91,676)
Additions to property and equipment		(396)	(322)
Net cash used in investing activities		(2,232)	(1,201)
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]
Payment of dividends on Series D Preferred Stock		(399)	(399)
Payment of dividends on common stock		(408)	(412)
Proceeds from shares issued under stock plans		51	47
Purchase of shares for treasury		(698)	(997)
Net cash used in financing activities		(1,454)	(1,761)
Net decrease in cash		(2,370)	(753)
Cash and cash equivalents at beginning of year		15,622	16,375
Cash and cash equivalents at end of year		13,252	15,622
Supplemental disclosure [Abstract]
Cash paid for interest		1,544	1,424
Cash paid for income taxes		675	1,465
Parent Company [Member]
ASSETS [Abstract]
Cash and cash equivalents		4,308	4,463	4,308	4,463	$ 5,947
Investments				16,160	19,035
Investment in subsidiaries				112,472	106,675
Investments in unconsolidated trusts				1,238	1,238
Deferred tax asset, net				0	169
Income taxes receivable from subsidiaries				2,961	2,146
Other assets				4,554	4,677
Total assets				141,693	138,403
LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]
Deferred tax liability, net				500	0
Other payables				1,949	2,173
Junior subordinated debentures				33,738	33,738
Total liabilities				36,187	35,911
Shareholders' equity				105,506	102,492
Total liabilities and shareholders' equity				$ 141,693	$ 138,403
REVENUE [Abstract]
Fee income from subsidiaries		7,395	7,449
Distributed earnings from subsidiaries		5,508	6,750
Other		408	571
Total revenue		13,311	14,770
GENERAL AND ADMINISTRATIVE EXPENSES		12,858	13,984
INTEREST EXPENSE		1,562	1,429
Earnings before tax and equity in undistributed earnings (losses) of subsidiaries		(1,109)	(643)
INCOME TAX BENEFIT	[1]	(1,837)	(1,514)
Earnings after tax but before equity in undistributed earnings (losses) of subsidiaries		728	871
EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET		1,908	3,517
Net income		2,636	4,388
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]
Net income		2,636	4,388
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Realized investment losses (gains), net		1	(190)
Depreciation and amortization		713	673
Compensation expense related to share awards		586	365
Equity in undistributed earnings of consolidated subsidiaries		(1,908)	(3,517)
(Increase) decrease in intercompany taxes		(815)	125
Deferred income tax (benefit) expense		(2)	304
(Decrease) increase in other liabilities		(224)	317
Other, net		(221)	(12)
Net cash provided by operating activities		766	2,453
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]
Proceeds from investments sold, called or matured		1,979	2,210
Investments purchased		(1,000)	(3,956)
Capital contribution to subsidiaries		(75)	(200)
Additions to property and equipment		(371)	(230)
Net cash used in investing activities		533	(2,176)
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]
Payment of dividends on Series D Preferred Stock		(399)	(399)
Payment of dividends on common stock		(408)	(412)
Proceeds from shares issued under stock plans		51	47
Purchase of shares for treasury		(698)	(997)
Net cash used in financing activities		(1,454)	(1,761)
Net decrease in cash		(155)	(1,484)
Cash and cash equivalents at beginning of year		4,463	5,947
Cash and cash equivalents at end of year		4,308	4,463
Supplemental disclosure [Abstract]
Cash paid for interest		1,544	1,424
Cash paid for income taxes		675	1,465
Intercompany tax settlement from subsidiaries		$ 2,845	$ 2,409
[1]	Under the terms of a tax-sharing agreement, income tax provisions for the subsidiary companies are computed on a separate company basis. Accordingly, the Company's income tax benefit results from the utilization of the Parent's separate return loss to reduce the consolidated taxable income of the Company.

Schedule III SUPPLEMENTARY IN67

Schedule III SUPPLEMENTARY INSURANCE INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Supplementary Insurance Information, by Segment [Line Items]
Deferred Acquisition Costs	$ 28,975		$ 27,866
Future Policy Benefits, Losses, Claims and Loss Reserves	137,405	[1]	136,006	[2]
Unearned Premiums	23,208		25,348
Other Policy Claims and Benefits Payable	2,066		1,991
Liability for future policy benefits	74,843		72,136
Losses and claims	62,562		63,870		$ 66,625
Premium Revenue	153,465		150,892
Net Investment Income	9,307		9,533
Benefits, Claims, Losses and Settlement Expenses	103,197		101,364
Amortization of Deferred Acquisition Costs	11,884		10,320
Other Operating Expenses	47,472		48,545
Casualty Premiums Written	51,477		55,611
Bankers Fidelity [Member]
Supplementary Insurance Information, by Segment [Line Items]
Deferred Acquisition Costs	26,791		25,033
Future Policy Benefits, Losses, Claims and Loss Reserves	87,849		84,806
Unearned Premiums	3,731		3,585
Other Policy Claims and Benefits Payable	2,066		1,991
Premium Revenue	99,702		96,384
Net Investment Income	5,172		5,149
Benefits, Claims, Losses and Settlement Expenses	68,789		66,318
Amortization of Deferred Acquisition Costs	3,401		1,439
Other Operating Expenses	32,365		31,366
Casualty Premiums Written	0		0
American Southern [Member]
Supplementary Insurance Information, by Segment [Line Items]
Deferred Acquisition Costs	2,184		2,833
Future Policy Benefits, Losses, Claims and Loss Reserves	49,556		51,200
Unearned Premiums	19,477		21,763
Other Policy Claims and Benefits Payable	0		0
Premium Revenue	53,763		54,508
Net Investment Income	3,844		4,086
Benefits, Claims, Losses and Settlement Expenses	34,408		35,046
Amortization of Deferred Acquisition Costs	8,483		8,881
Other Operating Expenses	7,954		8,928
Casualty Premiums Written	51,477		55,611
Other [Member]
Supplementary Insurance Information, by Segment [Line Items]
Premium Revenue	0		0
Net Investment Income	291		298
Benefits, Claims, Losses and Settlement Expenses	0		0
Amortization of Deferred Acquisition Costs	0		0
Other Operating Expenses	7,153		8,251
Casualty Premiums Written	$ 0		$ 0
[1]	Includes future policy benefits of $74,843 and losses and claims of $62,562.
[2]	Includes future policy benefits of $72,136 and losses and claims of $63,870.

Schedule IV REINSURANCE (Detail

Schedule IV REINSURANCE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Life Insurance in Force [Abstract]
Direct Amount	$ 263,567	$ 267,191
Ceded To Other Companies	(16,087)	(16,843)
Assumed From Other Companies	0	0
Net Amounts	247,480	250,348
Premiums [Abstract]
Direct Amount	144,339	137,436
Ceded To Other Companies	(9,998)	(4,995)
Assumed From Other Companies	19,124	18,451
Net premiums earned	$ 153,465	$ 150,892
Percentage of Amount Assumed to Net	12.50%	12.20%
Bankers Fidelity [Member]
Premiums [Abstract]
Direct Amount	$ 104,996	$ 96,373
Ceded To Other Companies	(5,344)	(44)
Assumed From Other Companies	50	55
Net premiums earned	$ 99,702	$ 96,384
Percentage of Amount Assumed to Net	0.10%	0.10%
American Southern [Member]
Premiums [Abstract]
Direct Amount	$ 39,343	$ 41,063
Ceded To Other Companies	(4,654)	(4,951)
Assumed From Other Companies	19,074	18,396
Net premiums earned	$ 53,763	$ 54,508
Percentage of Amount Assumed to Net	35.50%	33.70%

Schedule VI SUPPLEMENTAL INFO69

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS [Abstract]
Deferred Policy Acquisition Costs	$ 2,184	$ 2,833
Reserves	49,556	51,200
Unearned Premiums	19,477	21,763
Earned Premiums	53,763	54,508
Net Investment Income	3,844	4,086
Claims and Claim Adjustment Expenses Incurred Related To Current Year	36,541	35,072
Claims and Claim Adjustment Expenses Incurred Related To Prior Years	(2,133)	(26)
Amortization of Deferred Acquisition Costs	8,483	8,881
Paid Claims and Claim Adjustment Expenses	34,219	36,298
Premiums Written	$ 51,477	$ 55,611