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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES:    
Net premium earned $ 6,603,760 $ 6,911,134
Investment income 514,723 520,692
Net realized investments gains 55,399 1,114
Net realized gains on real estate sale 3,693,858 0
Net unrealized investments gains (losses) on equity securities 151,667 (44,800)
Other income (loss) (26,752) 80,937
Total insurance company operation 10,992,655 7,469,077
Gross commissions and fees 433,461 469,069
Finance charges and fees earned 44,998 67,019
Other income 540 16
Total revenues 11,471,654 8,005,181
EXPENSES:    
Losses and loss adjustment expenses 5,585,213 5,877,385
Policy acquisition costs 1,021,965 1,144,425
Salaries and employee benefits 1,128,090 1,122,499
Commissions to agents/brokers 20,568 25,955
Other operating expenses 1,173,479 980,415
Total expenses 8,929,315 9,150,679
Income (loss) before income taxes 2,542,339 (1,145,498)
Income tax expense (benefit) (274,636) 101,672
Net income (loss) $ 2,267,703 $ (1,043,826)
Basic:    
Earnings (loss) per share $ 0.43 $ (0.20)
Weighted average shares 5,304,885 5,306,720
Diluted:    
Earnings (loss) per share $ 0.43 $ (0.20)
Weighted average shares 5,304,885 5,306,720