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Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Net premiums earned $ 69,057,343 $ 53,893,020
Net investment income 4,034,228 3,414,408
Net realized investment gains 874,470 982,547
Net unrealized (losses) gains on equity securities (4,706,405) 2,801,991
Other income 420,202 348,709
Total revenue 69,679,838 61,440,675
Losses and settlement expenses 44,532,729 34,699,543
Policy acquisition costs and other operating expenses 24,896,120 20,824,900
Interest expense on debt 196,070 235,001
General corporate expenses 776,747 723,350
Total expenses 70,401,666 56,482,794
Loss before equity earnings of subsidiaries and income taxes (721,828) 4,957,881
Income tax expense:    
Current 984,897 400,355
Deferred income tax (1,125,063) 414,747
Total (140,166) 815,102
Net loss before equity earnings of subsidiaries $ (581,662) $ 4,142,779
Basic:    
Basic net (loss) earnings per share (in dollars per share) $ (0.19) $ 1.36
Diluted:    
Diluted net (loss) earnings per share (in dollars per share) $ (0.19) $ 1.35
Weighted average number of common shares outstanding:    
Basic (in shares) 3,032,155 3,047,433
Diluted (in shares) 3,032,155 3,065,025
Net income (loss) $ (581,662) $ 4,142,779
Other comprehensive loss, net of tax    
Unrealized holding (losses) arising during the period, net of income tax (benefit) of $(3,128,757) in 2022 and $(641,107) in 2021 (11,770,084) (2,411,782)
Reclassification adjustment for losses (gains) included in net income, net of income tax (benefit) expense of $(2,270) in 2022 and $50,050 in 2021 (8,540) 188,282
Total other comprehensive loss (11,761,544) (2,600,064)
Comprehensive (loss) earnings $ (12,343,206) $ 1,542,715