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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Available for sale:    
Fixed maturities, at fair value (amortized cost: $83,877,997 at June 30, 2017, and $80,371,842 at December 31, 2016) $ 83,874,124 $ 80,383,925
Short-term investments, at fair value 5,092,774 10,204,603
Total Investments 88,966,898 90,588,528
Cash and restricted cash 13,585,909 13,496,379
Accrued investment income 238,893 185,916
Receivables, net 6,258,009 6,008,083
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 80,597 260,744
Unpaid losses and loss adjustment expenses 12,491,623 9,520,970
Deferred policy acquisition costs 4,422,656 4,432,299
Property and equipment (net of accumulated depreciation) 10,113,263 10,282,532
Deferred income taxes 1,169,645 1,177,346
Other assets 3,451,304 2,269,408
Total Assets 140,778,797 138,222,205
LIABILITIES    
Unpaid losses and loss adjustment expenses 51,939,020 47,055,787
Unearned premiums 19,876,589 19,374,740
Advance premium and premium deposits 385,496 224,055
Accrued expenses and other liabilities 2,708,018 2,660,983
Total Liabilities 74,909,123 69,315,565
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,133 at June 30, 2017, and December 31, 2016 3,772,872 3,761,320
Accumulated other comprehensive income (loss) (2,556) 7,975
Retained earnings 62,099,358 65,137,345
Total Stockholders' Equity 65,869,674 68,906,640
Total Liabilities and Stockholders' Equity $ 140,778,797 $ 138,222,205