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Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net premiums earned $ 17,801,297 $ 16,016,677
Net investment income 1,209,415 917,081
Net realized investment (losses) gains (75,565) 207,585
Net unrealized gains (losses) on equity securities 639,418 (1,292,692)
Other income 45,836 159,431
Consolidated revenues 19,620,401 16,008,082
Losses and settlement expenses 11,047,681 10,195,201
Policy acquisition costs and other operating expenses 6,349,581 5,772,400
Interest expense on debt 45,400 61,011
General corporate expenses 193,674 189,415
Total expenses 17,636,336 16,218,027
Earnings (loss) before income taxes 1,984,065 (209,945)
Total income tax expense (benefit) 405,520 (49,805)
Net earnings (loss) 1,578,545 (160,140)
Other comprehensive earnings (loss), net of tax 1,596,353 (4,969,069)
Comprehensive earnings (loss) $ 3,174,898 $ (5,129,209)
Basic:    
Basic net earnings (loss) per share (in dollars per share) $ 0.54 $ (0.05)
Diluted:    
Diluted net earnings (loss) per share (in dollars per share) $ 0.53 $ (0.05)
Weighted average number of common shares outstanding:    
Basic (in shares) 2,942,659 3,060,208
Diluted (in shares) 2,956,273 3,072,176