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Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $80,847,158 at March 31, 2019, and $78,302,588 at December 31, 2018) $ 80,690,006 $ 76,910,137
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $5,878,000 at March 31, 2019, and $7,126,000 at December 31, 2018) 5,878,000 7,126,000
Short-term investments, at fair value 696,792 4,690,954
Total Investments 87,264,798 88,727,091
Cash and cash equivalents 3,646,134 4,917,762
Accrued investment income 510,897 393,782
Receivable, net 4,270,133 3,933,068
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 987,019 (1,319)
Unpaid losses and loss adjustment expenses 11,679,320 9,531,602
Deferred policy acquisition costs 3,570,780 3,489,728
Property and equipment (net) 9,788,819 9,692,325
Deferred income taxes 4,265,529 4,375,484
Other assets 206,160 557,443
Total Assets 126,189,589 125,616,966
LIABILITIES    
Unpaid losses and loss adjustment expenses 51,332,871 51,657,155
Unearned premium 16,526,366 15,964,589
Advance premium and premium deposits 342,963 234,442
Accrued expenses and other liabilities 1,767,156 1,845,358
Total Liabilities 69,969,356 69,701,544
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,103 at March 31, 2019, and December 31, 2018 3,772,857 3,772,857
Accumulated other comprehensive loss (124,151) (1,100,036)
Retained earnings 52,571,527 53,242,601
Total Stockholders Equity 56,220,233 55,915,422
Total Liabilities and Stockholders' Equity $ 126,189,589 $ 125,616,966