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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $65,628,151 at March 31, 2018, and $58,153,120 at December 31, 2017) $ 64,191,414 $ 57,849,454
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $23,848,000 at March 31, 2018, and $28,098,000 at December 31, 2017) 23,848,000 28,098,000
Short-term investments, at fair value 6,011,792 10,440,496
Total Investments 94,051,206 96,387,950
Cash and restricted cash 262,608 774,226
Accrued investment income 377,008 490,579
Receiveable, net 5,585,244 6,005,764
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 539,589 126,682
Unpaid losses and loss adjustment expenses 11,570,306 8,393,550
Deferred policy acquisition costs 3,938,616 4,162,771
Property and equipment (net) 9,912,406 10,014,869
Deferred income taxes 4,232,231 3,380,806
Other assets 521,098 561,561
Total Assets 130,990,312 130,298,758
LIABILITIES    
Unpaid losses and loss adjustment expenses 53,914,003 49,076,991
Unearned premium 18,054,341 18,768,264
Advance premium and premium deposits 309,187 207,808
Accrued expenses and other liabilities 1,869,821 2,300,358
Total Liabilities 74,147,352 70,353,421
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,133 at March 31, 2018, and December 31, 2017 3,772,872 3,772,872
Accumulated other comprehensive loss (1,135,022) (239,896)
Retained earnings 54,205,110 56,412,361
Total Stockholders Equity 56,842,960 59,945,337
Total Liabilities and Stockholders' Equity $ 130,990,312 $ 130,298,758