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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $58,153,120 at December 31, 2017, aand $19,091,842 at December 31, 2016) $ 57,849,454 $ 19,103,925
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $28,098,000 at December 31, 2017, and $61,280,000 at December 31, 2016) 28,098,000 61,280,000
Short-term investments, at fair value 10,440,496 10,204,603
Total Investments 96,387,950 90,588,528
Cash and restricted cash 774,226 13,496,379
Accrued investment income 490,579 185,916
Receiveable, net 6,005,764 6,008,083
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 126,682 260,744
Unpaid losses and loss adjustment expenses 8,393,550 9,520,970
Deferred policy acquisition costs 4,162,771 4,432,299
Property and equipment (net) 10,014,869 10,282,532
Deferred income taxes 3,380,806 1,177,346
Other assets 561,561 2,269,408
Total Assets 130,298,758 138,222,205
LIABILITIES    
Unpaid losses and loss adjustment expenses 49,076,991 47,055,787
Unearned premium 18,768,264 19,374,740
Advance premium and premium deposits 207,808 224,055
Accrued expenses and other liabilities 2,300,358 2,660,983
Total Liabilities 70,353,421 69,315,565
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,133 at December 31, 2016, and 5,315,945 at December 31, 2015 3,772,872 3,761,320
Accumulated other comprehensive income (loss) (239,896) 7,975
Retained earnings 56,412,361 65,137,345
Total Stockholders Equity 59,945,337 68,906,640
Total Liabilities and Stockholders' Equity $ 130,298,758 $ 138,222,205