Note 5 - Reinsurance (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Effects of Reinsurance [Table Text Block]

	Three-Month Periods Ended September 30,
	2022			2021
WRITTEN
Direct	$	20,900,412		$	18,356,903
Reinsurance assumed		59,970			41,008
Reinsurance ceded		(2,550,345	)		(2,812,181	)
Net	$	18,410,037		$	15,585,730
EARNED
Direct	$	20,224,145		$	16,839,315
Reinsurance assumed		54,569			37,998
Reinsurance ceded		(2,554,273	)		(2,797,918	)
Net	$	17,724,441		$	14,079,395
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	11,226,504		$	11,186,326
Reinsurance assumed		20,590			16,452
Reinsurance ceded		(860,570	)		(2,388,256	)
Net	$	10,386,524		$	8,814,522

	Nine-Month Periods Ended September 30,
	2022			2021
WRITTEN
Direct	$	61,695,027		$	52,045,372
Reinsurance assumed		129,328			34,661
Reinsurance ceded		(7,087,338	)		(8,183,606	)
Net	$	54,737,017		$	43,896,427
EARNED
Direct	$	57,720,789		$	46,897,960
Reinsurance assumed		122,048			49,958
Reinsurance ceded		(7,077,077	)		(8,087,003	)
Net	$	50,765,760		$	38,860,915
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	39,364,381		$	33,992,513
Reinsurance assumed		68,283			26,703
Reinsurance ceded		(5,042,334	)		(8,737,708	)
Net	$	34,390,330		$	25,281,508