XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $86,519,732 at March 31, 2021, and $80,071,280 at December 31, 2020) $ 88,550,354 $ 83,409,694
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $798,000 at March 31, 2021, and $798,000 at December 31, 2020) 798,000 798,000
Equity securities, at fair value (cost: $2,834,034 at March 31, 2021, and $2,548,440 at December 31, 2020) 3,183,967 2,746,706
Short-term investments, at fair value 2,949,946 200,000
Total investments 95,482,267 87,154,400
Cash and cash equivalents 7,772,757 3,957,980
Accrued investment income 498,322 402,046
Receivable, net 3,586,912 3,321,337
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 78,311 621,307
Unpaid losses and loss adjustment expenses 22,133,366 22,253,642
Deferred policy acquisition costs 3,567,638 3,503,248
Real estate held for sale 0 8,335,017
Property and equipment (net) 2,228,085 2,038,415
Other assets 254,999 313,363
Total assets 135,602,657 131,900,755
LIABILITIES:    
Unpaid losses and loss adjustment expenses 74,402,333 74,893,509
Unearned premium 19,283,208 18,188,298
Advance premium and premium deposits 143,236 208,538
Accrued expenses and other liabilities 5,506,372 3,577,450
Total liabilities 99,335,149 96,867,795
STOCKHOLDERS' EQUITY:    
Common stock, no par, authorized 10,000,000 shares; 5,304,885 shares issued and outstanding at March 31, 2021, and December 31, 2020 3,771,767 3,771,767
Accumulated other comprehensive income 1,604,192 2,637,347
Retained earnings 30,891,549 28,623,846
Total stockholders equity 36,267,508 35,032,960
Total liabilities and stockholders' equity $ 135,602,657 $ 131,900,755