Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Fixed maturity investments, at fair value (amortized cost $16,013,453 and $15,564,687)	$ 16,345,857	$ 15,668,317
Equity securities, at fair value (cost $10,464,969 and $10,889,683)	9,907,745	15,365,299
TOTAL INVESTMENTS	26,253,602	31,033,616
Cash and cash equivalents	6,036,355	6,589,810
Restricted cash and cash equivalents	856,185	1,169,805
Assumed reinsurance premiums receivable	3,314,072	5,695,847
Accrued investment income	135,313	104,935
Property and equipment	1,162,243	1,105,513
Deferred income taxes	2,503,000	2,564,000
Deferred policy acquisition costs	2,235,859	1,964,052
Prepaid expenses and other assets	1,967,850	2,019,622
TOTAL ASSETS	44,464,479	52,247,200
LIABILITIES
Unpaid losses and loss adjustment expenses	15,616,998	13,966,044
Unearned premiums	6,042,849	5,308,398
Assumed reinsurance payable	1,226,326	6,756,177
Accrued expenses and other liabilities	5,490,463	5,873,130
TOTAL LIABILITIES	28,376,636	31,903,749
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Common shares, $1 par value, 2020 and 2019: 2,000,000 shares authorized, 995,253 issued and outstanding	995,253	995,253
Additional paid-in-capital	6,453,821	6,465,776
Retained earnings	17,364,812	21,842,409
Accumulated other comprehensive income (loss)	332,404	103,630
Shares held by Subsidiary (369,576 and 369,576 shares) at cost	(9,058,447)	(9,063,617)
TOTAL SHAREHOLDERS’ EQUITY	16,087,843	20,343,451
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 44,464,479	$ 52,247,200