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Note 6 - Unpaid Losses and Settlement Expenses - Schedule of Liability for Unpaid Claims and Claim Adjustment Expense (Details) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Gross $ 67,614,063 $ 61,835,000
Less: Ceded 13,610,295 14,521,000
Net 54,004,000 47,314,000
Current year, incurred 11,072,000 7,525,000
Prior years, incurred (24,000) 2,670,000
Total incurred 11,048,000 10,195,000
Current year, paid 1,158,000 1,389,000
Prior years, paid 5,487,000 4,802,000
Total paid 6,645,000 6,191,000
Net unpaid losses and settlement expense - end of the period 58,407,000 51,318,000
Plus: Reinsurance recoverable on unpaid losses 14,355,652 16,089,000
Plus: CECL allowance for reinsurance recoverable on unpaid losses 104,000 0
Gross unpaid losses and settlement expense - end of the period $ 72,866,600 $ 67,407,000