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Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $66,514,426 at June 30, 2018, and $58,153,120 at December 31, 2017) $ 64,768,482 $ 57,849,454
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $20,602,000 at June 30, 2018, and $28,098,000 at December 31, 2017) 20,602,000 28,098,000
Short-term investments, at fair value 200,000 1,847,778
Total Investments 85,570,482 87,795,232
Cash, cash equivalents, and restricted cash 7,835,200 9,366,944
Accrued investment income 320,141 490,579
Receiveable, net 4,549,625 6,005,764
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 93,753 126,682
Unpaid losses and loss adjustment expenses 8,804,650 8,393,550
Deferred policy acquisition costs 3,717,504 4,162,771
Property and equipment (net) 9,817,942 10,014,869
Deferred income taxes 4,178,429 3,380,806
Other assets 611,765 561,561
Total Assets 125,499,491 130,298,758
LIABILITIES    
Unpaid losses and loss adjustment expenses 50,066,053 49,076,991
Unearned premium 16,823,958 18,768,264
Advance premium and premium deposits 239,788 207,808
Accrued expenses and other liabilities 1,602,709 2,300,358
Total Liabilities 68,732,508 70,353,421
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,133 at June 30, 2018, and December 31, 2017 3,772,872 3,772,872
Accumulated other comprehensive loss (1,379,295) (239,896)
Retained earnings 54,373,406 56,412,361
Total Stockholders Equity 56,766,983 59,945,337
Total Liabilities and Stockholders' Equity $ 125,499,491 $ 130,298,758