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Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $80,599,961 at September 30, 2019, and $78,302,588 at December 31, 2018) $ 82,117,804 $ 76,910,137
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $2,292,000 at September 30, 2019, and $7,126,000 at December 31, 2018) 2,292,000 7,126,000
Short-term investments, at fair value 200,000 4,690,954
Total Investments 84,609,804 88,727,091
Cash and cash equivalents 7,527,937 4,917,762
Accrued investment income 526,146 393,782
Receivable, net 4,397,764 3,933,068
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 1,347,275 (1,319)
Unpaid losses and loss adjustment expenses 13,799,868 9,531,602
Deferred policy acquisition costs 3,798,508 3,489,728
Property and equipment (net) 10,034,945 9,692,325
Deferred income taxes 3,875,323 4,375,484
Other assets 292,235 557,443
Total Assets 130,209,805 125,616,966
LIABILITIES    
Unpaid losses and loss adjustment expenses 51,655,993 51,657,155
Unearned premium 18,386,614 15,964,589
Advance premium and premium deposits 411,339 234,442
Accrued expenses and other liabilities 2,278,709 1,845,358
Total Liabilities 72,732,655 69,701,544
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; 5,306,747 and 5,307,103 shares issued and outstanding at September 30, 2019, and December 31, 2018, respectively 3,772,682 3,772,857
Accumulated other comprehensive income (loss) 1,199,097 (1,100,036)
Retained earnings 52,505,371 53,242,601
Total Stockholders Equity 57,477,150 55,915,422
Total Liabilities and Stockholders' Equity $ 130,209,805 $ 125,616,966