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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Available for sale:    
Fixed maturities, at fair value (amortized cost: $68,236,670 at March 31, 2017, and $80,371,842 at December 31, 2016) $ 68,240,425 $ 80,383,925
Short-term investments, at fair value 21,802,697 10,204,603
Total Investments 90,043,122 90,588,528
Cash and restricted cash 13,602,118 13,496,379
Accrued investment income 211,770 185,916
Receivables, net 6,260,931 6,008,083
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 157,791 260,744
Unpaid losses and loss adjustment expenses 9,885,632 9,520,970
Deferred policy acquisition costs 4,420,746 4,432,299
Property and equipment (net of accumulated depreciation) 10,186,014 10,282,532
Deferred income taxes 1,173,686 1,177,346
Other assets 3,018,315 2,269,408
Total Assets 138,960,125 138,222,205
LIABILITIES    
Unpaid losses and loss adjustment expenses 49,890,049 47,055,787
Unearned premiums 19,397,282 19,374,740
Advance premium and premium deposits 393,380 224,055
Accrued expenses and other liabilities 2,519,749 2,660,983
Total Liabilities 72,200,460 69,315,565
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,133 at March 31, 2017, and December 31, 2016 3,767,096 3,761,320
Accumulated other comprehensive income 2,478 7,975
Retained earnings 62,990,091 65,137,345
Total Stockholders' Equity 66,759,665 68,906,640
Total Liabilities and Stockholders' Equity $ 138,960,125 $ 138,222,205