Note 2 - Investments (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Available-for-sale Securities [Table Text Block]

	September 30, 2019
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(unaudited)
Available for sale:
Fixed maturities:
US Treasury securities	$	606,686	$	23,630	$	-		$	630,316
Corporate bonds		17,755,495		1,629,401		(10,417	)		19,374,479
Municipal bonds		6,542,899		743,660		-			7,286,559
Redeemable preferred stock		99,560		7,360		-			106,920
Mortgage backed and asset backed securities		3,632,856		96,244		(4,891	)		3,724,209
Total fixed maturities		28,637,496		2,500,295		(15,308	)		31,122,483
Equities:
Equities		11,987,770		135,371		(272,122	)		11,851,019
Total available for sale	$	40,625,266	$	2,635,666	$	(287,430	)	$	42,973,502

	December 31, 2018
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	597,265	$	-	$	(27,325	)	$	569,940
Corporate bonds		16,847,623		43,051		(1,048,313	)		15,842,361
Municipal bonds		6,559,854		118,890		(80,631	)		6,598,113
Redeemable preferred stock		99,560		-		(8,720	)		90,840
Mortgage backed and asset backed securities		3,853,395		11,425		(83,835	)		3,780,985
Total fixed maturities		27,957,697		173,366		(1,248,824	)		26,882,239
Equities:
Equities		12,096,488		31,505		(1,140,454	)		10,987,539
Total available for sale	$	40,054,185	$	204,871	$	(2,389,278	)	$	37,869,778

	As of September 30, 2019				As of December 31, 2018
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(unaudited)
Amounts maturing in:
One year or less	$	99,982	$	100,248	$	-	$	-
After one year through five years		1,373,790		1,417,814		1,472,228		1,462,745
After five years through ten years		3,336,835		3,624,467		2,101,676		2,055,173
More than 10 years		20,094,473		22,148,825		20,430,838		19,492,496
Redeemable preferred stocks		99,560		106,920		99,560		90,840
Mortgage backed and asset backed securities		3,632,856		3,724,209		3,853,395		3,780,985
Total amortized cost and fair value	$	28,637,496	$	31,122,483	$	27,957,697	$	26,882,239

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

	Nine Months Ended September 30,
	(unaudited)
	2019			2018
Gross gains	$	4,601		$	530
Gross losses		(18,586	)		(857	)
Net security gains (losses)	$	(13,985	)	$	(327	)

	Three Months Ended September 30,
	(unaudited)
	2019			2018
Gross gains	$	650		$	-
Gross losses		(107	)		-
Net security gains	$	543		$	-

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, 2019						(unaudited)
Available for sale:
Fixed maturities:
US Treasury securities	$	-	$	-		$	-	$	-		$	-	$	-
Corporate bonds		253,833		(2,170	)		562,791		(8,247	)		816,624		(10,417	)
Municipal bonds		-		-			-		-			-		-
Redeemable preferred stock		-		-			-		-			-		-
Mortgage backed and asset backed securities		50,349		(1,199	)		318,956		(3,692	)		369,305		(4,891	)
Total fixed maturities		304,182		(3,369	)		881,747		(11,939	)		1,185,929		(15,308	)
Equities:
Equities		991,555		(25,623	)		8,206,452		(246,499	)		9,198,007		(272,122	)
Total available for sale	$	1,295,737	$	(28,992	)	$	9,088,199	$	(258,438	)	$	10,383,936	$	(287,430	)

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2018
Available for sale:
Fixed maturities:
US Treasury securities	$	251,206	$	(27,325	)	$	-	$	-		$	251,206	$	(27,325	)
Corporate bonds		11,743,222		(948,539	)		830,239		(99,774	)		12,573,461		(1,048,313	)
Municipal bonds		2,114,260		(51,267	)		859,305		(29,364	)		2,973,565		(80,631	)
Redeemable preferred stock		90,840		(8,720	)		-		-			90,840		(8,720	)
Mortgage backed and asset backed securities		544,714		(6,656	)		2,448,551		(77,179	)		2,993,265		(83,835	)
Total fixed maturities		14,744,242		(1,042,507	)		4,138,095		(206,317	)		18,882,337		(1,248,824	)
Equities:
Equities		3,312,528		(228,148	)		7,440,504		(912,306	)		10,753,032		(1,140,454	)
Total available for sale	$	18,056,770	$	(1,270,655	)	$	11,578,599	$	(1,118,623	)	$	29,635,369	$	(2,389,278	)