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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Insurance company operations:    
Net earned premium $ 5,449,052 $ 6,603,760
Net investment income 328,782 514,723
Net realized investment gains 61,733 55,399
Net realized gain on real estate sale 0 3,693,858
(Losses) gain on equity securities (180,069) 151,667
Other income (loss) 89,740 (26,752)
Total insurance company operations 5,749,238 10,992,655
Other insurance operations:    
Gross commissions and fees 313,650 433,461
Finance charges and fees earned 6,298 44,998
Other income (loss), net 1,549 540
Total revenues 6,070,735 11,471,654
EXPENSES    
Losses and loss adjustment expenses 6,831,504 5,585,213
Policy acquisition costs 285,641 1,021,965
Salaries and employee benefits 858,404 1,128,090
Commissions to agents/brokers 19,187 20,568
Other operating expenses 1,539,460 1,173,479
Total expenses 9,534,196 8,929,315
(Loss) income before taxes (3,463,461) 2,542,339
Income tax expense (547,301) (274,636)
Net (loss) income $ (4,010,762) $ 2,267,703
Basic and Diluted    
(Loss) income per share $ (0.76) $ 0.43
Weighted average shares 5,304,863 5,304,885