Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Fixed maturity investments, at fair value (amortized cost $14,523,210 and $14,574,417)	$ 14,251,513	$ 14,510,627
Equity securities, at fair value (cost $12,042,927 and $10,411,747)	16,596,360	15,504,697
TOTAL INVESTMENTS	30,847,873	30,015,324
Cash and cash equivalents	4,891,898	5,008,138
Restricted cash and cash equivalents	735,777	710,818
Assumed reinsurance premiums receivable	2,868,769	2,375,629
Accrued investment income	89,015	83,345
Property and equipment	636,500	316,066
Deferred policy acquisition costs	2,031,461	1,622,676
Prepaid expenses and other assets	1,878,771	1,682,301
TOTAL ASSETS	43,980,064	41,814,297
LIABILITIES
Unpaid losses and loss adjustment expenses	12,601,969	11,228,507
Unearned premiums	5,489,945	4,385,354
Assumed reinsurance payable	1,940,182	1,883,879
Accrued expenses and other liabilities	4,460,250	4,610,781
TOTAL LIABILITIES	24,492,346	22,108,521
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Common shares, $1 par value, 2018 and 2017: 2,000,000 shares authorized, 995,253 issued and outstanding	995,253	995,253
Additional paid-in-capital	6,342,150	6,323,450
Retained earnings	20,863,976	15,812,419
Accumulated other comprehensive income	(271,697)	5,029,160
Shares held by Subsidiary (348,606 and 350,930 shares) at cost	(8,441,964)	(8,454,506)
TOTAL SHAREHOLDERS’ EQUITY	19,487,718	19,705,776
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 43,980,064	$ 41,814,297