Note 6 - Reinsurance (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Effects of Reinsurance [Table Text Block]

	2022			2021
WRITTEN
Direct	$	82,726,634		$	71,091,961
Reinsurance assumed		157,268			78,699
Reinsurance ceded		(9,492,472	)		(10,960,325	)
Net	$	73,391,430		$	60,210,335
EARNED
Direct	$	78,411,890		$	64,652,638
Reinsurance assumed		157,097			94,590
Reinsurance ceded		(9,511,644	)		(10,854,208	)
Net	$	69,057,343		$	53,893,020
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	50,290,695		$	45,685,603
Reinsurance assumed		94,482			47,536
Reinsurance ceded		(5,852,448	)		(11,033,596	)
Net	$	44,532,729		$	34,699,543

Ceded Credit Risk [Table Text Block]

		Net Reinsurer		Percent			Ceded		Percent
	A.M. Best	Exposure as of		of			Premiums		of
(In thousands)	Rating	December 31, 2022		Total			Written		Total
General Reinsurance Corporation	A++	$	8,423		53.9	%	$	6,325		66.6	%
Aspen Insurance UK Ltd	A		1,250		8.0	%		—		0.0	%
Partner Reinsurance Company	A+		1,076		6.9	%		—		0.0	%
Renaissance Reinsurance US Incorporated	A+		1,046		6.7	%		640		6.7	%
Everest Reinsurance Company	A+		896		5.7	%		—		0.0	%
Swiss Reinsurance	A+		810		5.2	%		308		3.2	%
Axis Reinsurance Company	A		443		2.8	%		—		0.0	%
Endurance Assurance Corporation	A+		407		2.6	%		2		0.0	%
Hannover Rueck SE	A+		392		2.5	%		278		3.0	%
Houston Casualty Company	A++		254		1.6	%		377		4.0	%
All other reinsurers including anticipated subrogation			643		4.1	%		1,562		16.5	%
		$	15,640		100.0	%	$	9,492		100.0	%