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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net (loss) earnings $ (581,662) $ 4,142,779
Adjustments to reconcile net (loss) earnings to net cash (used in) provided by operating activities    
Net realized investment gains (874,470) (982,547)
Net unrealized losses (gains) on equity securities 4,706,405 (2,801,991)
Depreciation 693,067 708,378
Deferred income tax (1,125,063) 414,747
Amortization of bond premium and discount 175,085 281,679
Stock-based compensation expense 589,805 556,670
Change in:    
Accrued investment income (132,399) 1,380
Premiums and reinsurance balances receivable (4,070,656) (3,693,633)
Ceded unearned premiums 19,171 (106,117)
Reinsurance balances payable 37,043 997,099
Reinsurance balances recoverable 910,924 (1,501,354)
Deferred policy acquisition costs (628,192) (1,109,224)
Unpaid losses and settlement expenses 5,779,254 259,143
Unearned premiums 4,314,916 6,423,432
Accrued expenses 630,409 1,969,100
Current federal income tax 173,652 177,292
Other 137,845 (424,907)
Net cash provided by operating activities 10,755,134 5,311,926
Cash flows from investing activities:    
Fixed maturity securities (20,443,812) (21,860,180)
Other invested assets (1,874,993) (1,599,999)
Property held for investment (940,997) (1,725,358)
Property and equipment (711,133) (992,314)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities 17,820,507 18,590,418
Other invested assets 238,723 315,077
Property held for investment 278,679 1,470,833
Property and equipment 17,763 145,287
Net cash used in investing activities (6,256,602) (12,154,999)
Cash flows from financing activities:    
Proceeds from loans 5,000,000 9,000,000
Repayments of borrowed funds (8,455,342) (4,010,231)
Purchase of treasury stock (2,509,582) (139,160)
Net cash (used in) provided by financing activities (5,964,924) 4,850,609
Net decrease in cash and cash equivalents (1,466,392) (1,992,464)
Cash and cash equivalents at beginning of year 4,606,378 6,598,842
Cash and cash equivalents at end of period 3,139,986 4,606,378
Supplemental information:    
Federal income tax paid 370,000 145,000
Interest paid 190,200 230,700
Common Stock [Member]    
Cash flows from investing activities:    
Equity securities (4,481,474) (8,399,079)
Proceeds from sales, maturities and calls of:    
Equity securities 4,402,327 3,023,990
Preferred Stock [Member]    
Cash flows from investing activities:    
Equity securities (1,208,744) (1,464,198)
Proceeds from sales, maturities and calls of:    
Equity securities $ 646,552 $ 340,523