Note 2 - Investments (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
As of June 30, 2016
Fixed maturity investments:
U.S. government agency securities	$	1,470,036	$	14,882	$	—		$	1,484,918
Obligations of states and political subdivisions		5,129,329		78,197		(5,777	)		5,201,749
Corporate debt securities		2,105,062		17,433		(7,420	)		2,115,075
Total fixed maturity investments		8,704,427		110,512		(13,197	)		8,801,742
Equity securities		10,282,766		3,147,780		(118,236	)		13,312,310
Hedge fund		1,000,000		626,257		—			1,626,257
Total equity securities		11,282,766		3,774,037		(118,236	)		14,938,567
Total investments	$	19,987,193	$	3,884,549	$	(131,433	)	$	23,740,309

	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
As of December 31, 2015
Fixed maturity investments:
U.S. government agency securities	$	1,477,979	$	5,372	$	(3,965	)	$	1,479,386
Obligations of states and political subdivisions		5,851,938		61,506		(14,888	)		5,898,556
Corporate debt securities		307,682		5,562		—			313,244
Total fixed maturity investments		7,637,599		72,440		(18,853	)		7,691,186
Equity securities		9,418,922		3,702,368		(87,838	)		13,033,452
Hedge fund		1,000,000		669,393		—			1,669,393
Total equity securities		10,418,922		4,371,761		(87,838	)		14,702,845
Total investments	$	18,056,521	$	4,444,201	$	(106,691	)	$	22,394,031

Schedule of Unrealized Loss on Investments [Table Text Block]

	12 months or greater					Less than 12 months					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
As of June 30, 2016
Fixed maturity investments:
U.S. government agency securities	$	—	$	—		$	—	$	—		$	—	$	—
Obligations of states and political subdivisions		1,968,693		(5,775	)		330,053		(2	)		2,298,746		(5,777	)
Corporate debt securities		—		—			474,642		(7,420	)		474,642		(7,420	)
Total fixed maturity investments		1,968,693		(5,775	)		804,695		(7,422	)		2,773,388		(13,197	)
Equity securities		188,158		(17,756	)		3,226,297		(100,480	)		3,414,455		(118,236	)
Hedge fund		—		—			—		—			—		—
Total equity securities		188,158		(17,756	)		3,226,297		(100,480	)		3,414,455		(118,236	)
Total investments	$	2,156,851	$	(23,531	)	$	4,030,992	$	(107,902	)	$	6,187,843	$	(131,433	)

	12 months or greater					Less than 12 months					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
As of December 31, 2015
Fixed maturity investments:
U.S. government agency securities	$	—	$	—		$	1,025,773	$	(3,965	)	$	1,025,773	$	(3,965	)
Obligations of states and political subdivisions		1,699,466		(11,744	)		928,206		(3,144	)		2,627,672		(14,888	)
Corporate debt securities		—		—			—		—			—		—
Total fixed maturity investments		1,699,466		(11,744	)		1,953,979		(7,109	)		3,653,445		(18,853	)
Equity securities		141,370		(26,393	)		790,698		(61,445	)		932,068		(87,838	)
Hedge fund		—		—			—		—			—		—
Total equity securities		141,370		(26,393	)		790,698		(61,445	)		932,068		(87,838	)
Total investments	$	1,840,836	$	(38,137	)	$	2,744,677	$	(68,554	)	$	4,585,513	$	(106,691	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

					Fair value measurement using:
		Carrying amount		Total fair value	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
June 30, 2016
U.S. government agency securities	$	1,484,918	$	1,484,918	$	—	$	1,484,918	$	—
Obligations of state and political subdivisions		5,201,749		5,201,749				5,201,749
Corporate debt securities		2,115,075		2,115,075				2,115,075
Total fixed maturity investments		8,801,742		8,801,742
Equity securities (excluding the hedge fund)		13,312,310		13,312,310		13,312,310
Total equity securities (excluding the hedge fund)		13,312,310		13,312,310
Hedge fund measured at net asset value (a)		1,626,257		1,626,257
Total investments	$	23,740,309	$	23,740,309	$	13,312,310	$	8,801,742	$	—

					Fair value measurement using:
		Carrying amount		Total fair value	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
December 31, 2015
U.S. government agency securities	$	1,479,386	$	1,479,386	$	—	$	1,479,386	$	—
Obligations of state and political subdivisions		5,898,556		5,898,556				5,898,556
Corporate debt securities		313,244		313,244				313,244
Total fixed maturity investments		7,691,186		7,691,186
Equity securities (excluding the hedge fund)		13,033,452		13,033,452		13,033,452
Total equity securities (excluding the hedge fund)		13,033,452		13,033,452
Hedge fund measured at net asset value (a)		1,669,393		1,669,393
Total investments	$	22,394,031	$	22,394,031	$	13,033,452	$	7,691,186	$	—

Investments Classified by Contractual Maturity Date [Table Text Block]

	Amortized Cost		Estimated Fair Value
As of June 30, 2016
Due in one year or less	$	1,938,374	$	1,939,368
Due after one year through five years		6,113,550		6,219,033
Due after five years through ten years		482,063		474,641
Due after ten years		170,440		168,700
Total	$	8,704,427	$	8,801,742

	Amortized Cost		Estimated Fair Value
As of December 31, 2015
Due in one year or less	$	1,686,728	$	1,688,395
Due after one year through five years		5,550,706		5,600,089
Due after five years through ten years		226,799		231,638
Due after ten years		173,366		171,064
Total	$	7,637,599	$	7,691,186

Realized Gain (Loss) on Investments [Table Text Block]

	June 30, 2016			June 30, 2015
Total proceeds on sales of available-for-sale securities	$	2,543,936		$	1,816,794
Proceeds from redemptions of fixed maturity investments		—			—
Total proceeds from maturities of fixed maturity investments		705,000			410,000
Gross gains on sales		882,442			699,941
Gross losses on sales		(1,212	)		(3,925	)
Impairment losses		(121,116	)		(238,820	)

	June 30, 2016			June 30, 2015
Total proceeds on sales of available-for-sale securities	$	1,941,245		$	600,453
Proceeds from redemptions of fixed maturity investments		—			—
Total proceeds from maturities of fixed maturity investments		325,000			410,000
Gross gains on sales		532,057			38,632
Gross losses on sales		—			(3,925	)
Impairment losses		(15,196	)		(91,177	)

Condensed Cash Flow Statement [Table Text Block]

	June 30, 2016			June 30, 2015
Interest earned:
Fixed maturity investments	$	92,029		$	88,041
Short term investments and cash and cash equivalents		1,904			908
Dividends earned		118,782			109,414
Investment expenses		(66,598	)		(67,886	)
Net investment income	$	146,117		$	130,477

	June 30, 2016			June 30, 2015
Interest earned:
Fixed maturity investments	$	46,409		$	43,489
Short term investments and cash and cash equivalents		1,026			448
Dividends earned		66,758			68,192
Investment expenses		(32,755	)		(34,314	)
Net investment income	$	81,438		$	77,815