Note 3 - Investments (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

Available-for-sale Securities [Table Text Block]

	September 30, 2017
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(Unaudited)
Available for sale:
Fixed maturities:
US Treasury securities	$	269,529	$	-	$	(29,054	)	$	240,475
Government agency bonds		299,842		-		(539	)		299,303
Corporate bonds		6,119,784		140,246		(25,617	)		6,234,413
Municipal bonds		5,570,008		152,099		(19,519	)		5,702,588
Redeemable preferred stock		99,560		480		-			100,040
Mortgage backed and asset backed securities		2,553,196		38,963		(15,154	)		2,577,005
Total fixed maturities		14,911,919		331,788		(89,883	)		15,153,824
Equities:
Equities		7,615,226		114,845		(64,574	)		7,665,497
Total available for sale	$	22,527,145	$	446,633	$	(154,457	)	$	22,819,321

	December 31, 2016
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	314,992	$	-	$	(15,830	)	$	299,162
Corporate bonds		3,828,418		62,712		(45,234	)		3,845,896
Municipal bonds		2,841,137		46,883		(38,191	)		2,849,829
Mortgage backed and asset backed securities		3,333,617		36,870		(45,300	)		3,325,187
Total fixed maturities		10,318,164		146,465		(144,555	)		10,320,074
Equities:
Equities		4,723,024		350,981		(131,757	)		4,942,248
Other equity investments		182,929		23,046		(4,719	)		201,256
Total equities		4,905,953		374,027		(136,476	)		5,143,504
Total available for sale	$	15,224,117	$	520,492	$	(281,031	)	$	15,463,578

Investments Classified by Contractual Maturity Date [Table Text Block]

	Amortized
September 30, 2017	Cost		Fair Value
	(unaudited)
Amounts maturing in:
One year or less	$	200,568	$	200,473
After one year through five years		1,932,156		1,933,444
After five years through ten years		2,490,661		2,517,547
More than 10 years		7,635,778		7,825,315
Redeemable preferred stocks		99,560		100,040
Mortgage backed and asset backed securities		2,553,196		2,577,005
Total fixed maturities	$	14,911,919	$	15,153,824

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

	Nine Months Ended September 30,
	(unaudited)
	2017			2016
Gross gains	$	486,523		$	42,719
Gross losses		(51,131	)		(2,066	)
Net security gains	$	435,392		$	40,653

	Three Months Ended September 30,
	(unaudited)
	2017			2016
Gross gains	$	259,061		$	29,889
Gross losses		(32,171	)		-
Net security gains	$	226,890		$	29,889

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
September 30, 2017
Available for sale:
Fixed maturities:
US Treasury securities	$	240,475	$	(29,054	)	$	-	$	-		$	240,475	$	(29,054	)
Government agency bonds		299,303		(539	)		-		-			299,303		(539	)
Corporate bonds		1,734,089		(14,488	)		798,161		(11,129	)		2,532,250		(25,617	)
Municipal bonds		1,571,608		(18,464	)		98,945		(1,055	)		1,670,553		(19,519	)
Mortgage backed and asset backed securities		995,261		(13,137	)		92,315		(2,017	)		1,087,576		(15,154	)
Total fixed maturities		4,840,736		(75,682	)		989,421		(14,201	)		5,830,157		(89,883	)
Equities:
Equities		1,283,438		(4,999	)		1,179,505		(59,575	)		2,462,943		(64,574	)
Total available for sale	$	6,124,174	$	(80,681	)	$	2,168,926	$	(73,776	)	$	8,293,100	$	(154,457	)

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2016
Available for sale:
Fixed maturities:
US Treasury securities	$	299,162	$	(15,830	)	$	-	$	-		$	299,162	$	(15,830	)
Corporate bonds		1,897,000		(42,994	)		196,399		(2,240	)		2,093,399		(45,234	)
Municipal bonds		1,296,688		(38,191	)		-		-			1,296,688		(38,191	)
Mortgage backed and asset backed securities		1,700,173		(39,264	)		134,090		(6,036	)		1,834,263		(45,300	)
Total fixed maturities		5,193,023		(136,279	)		330,489		(8,276	)		5,523,512		(144,555	)
Equities:
Equities		1,007,860		(59,357	)		1,063,959		(72,400	)		2,071,819		(131,757	)
Other equity investments		52,840		(4,719	)		-		-			52,840		(4,719	)
Total equities		1,060,700		(64,076	)		1,063,959		(72,400	)		2,124,659		(136,476	)
Total available for sale	$	6,253,723	$	(200,355	)	$	1,394,448	$	(80,676	)	$	7,648,170	$	(281,031	)