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Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $74,869,321 at September 30, 2018, and $58,153,120 at December 31, 2017) $ 72,856,107 $ 57,849,454
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $14,864,000 at September 30, 2018, and $28,098,000 at December 31, 2017) 14,864,000 28,098,000
Short-term investments, at fair value 200,000 1,847,778
Total Investments 87,920,107 87,795,232
Cash, cash equivalents, and restricted cash 4,412,669 9,366,944
Accrued investment income 468,198 490,579
Receiveable, net 4,152,861 6,005,764
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 151,691 126,682
Unpaid losses and loss adjustment expenses 8,291,385 8,393,550
Deferred policy acquisition costs 3,603,930 4,162,771
Property and equipment (net) 9,693,555 10,014,869
Deferred income taxes 4,384,772 3,380,806
Other assets 512,738 561,561
Total Assets 123,591,906 130,298,758
LIABILITIES    
Unpaid losses and loss adjustment expenses 49,240,342 49,076,991
Unearned premium 16,157,775 18,768,264
Advance premium and premium deposits 367,253 207,808
Accrued expenses and other liabilities 1,932,838 2,300,358
Total Liabilities 67,698,208 70,353,421
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,103 and 5,307,133 at September 30, 2018, and at December 31, 2017, respectively 3,772,857 3,772,872
Accumulated other comprehensive loss (1,590,439) (239,896)
Retained earnings 53,711,280 56,412,361
Total Stockholders Equity 55,893,698 59,945,337
Total Liabilities and Stockholders' Equity $ 123,591,906 $ 130,298,758