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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings (loss) $ 1,578,545 $ (160,140)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Net realized investment losses (gains) 75,565 (207,585)
Net unrealized (gains) losses on equity securities (639,418) 1,292,692
Depreciation 173,491 159,695
Deferred income tax 267,226 (234,026)
Amortization of bond premium and discount 29,821 62,566
Stock-based compensation expense 142,794 141,098
Change in:    
Accrued investment income 509 (67,148)
Premiums and reinsurance balances receivable (506,948) (210,325)
Ceded unearned premiums 143,200 19,022
Reinsurance balances payable (1,123,875) (864,638)
Reinsurance balances recoverable (843,357) (1,567,475)
Deferred policy acquisition costs (565,515) (617,926)
Unpaid losses and settlement expenses 5,252,537 5,572,567
Unearned premiums 568,115 1,296,802
Accrued expenses (1,949,578) (1,266,826)
Current federal income tax 124,565 163,924
Other (386,200) (118,260)
Net cash provided by operating activities 2,341,477 3,394,017
Cash flows from investing activities:    
Fixed maturity securities (5,960,521) (4,818,111)
Other invested assets (360,000) (100,000)
Property held for investment (358,210) (402,375)
Property and equipment (160,191) (170,989)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities 3,830,441 2,445,125
Other invested assets 8,557 9,209
Property and equipment 33 5,789
Net cash used in investing activities (3,012,834) (3,391,480)
Cash flows from financing activities:    
Repayments of borrowed funds 0 (3,054)
Purchase of treasury stock (46,334) (25,574)
Net cash used in financing activities (46,334) (28,628)
Net decrease in cash and cash equivalents (717,691) (26,091)
Cash and cash equivalents at beginning of year 3,139,986 4,606,378
Cash and cash equivalents at end of period 2,422,295 4,580,287
Supplemental information:    
Interest paid 39,500 59,900
Common Stock [Member]    
Cash flows from investing activities:    
Equity securities (807,926) (709,822)
Proceeds from sales, maturities and calls of:    
Equity securities 778,071 636,104
Preferred Stock [Member]    
Cash flows from investing activities:    
Equity securities (78,716) (651,918)
Proceeds from sales, maturities and calls of:    
Equity securities $ 95,628 $ 365,508