Note 5 - Reinsurance (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

Effects of Reinsurance [Table Text Block]

	Three-Month Periods Ended September 30,
	2023			2022
WRITTEN
Direct	$	24,495,429		$	20,900,412
Reinsurance assumed		60,457			59,970
Reinsurance ceded		(2,870,582	)		(2,550,345	)
Net	$	21,685,304		$	18,410,037
EARNED
Direct	$	22,057,631		$	20,224,145
Reinsurance assumed		54,269			54,569
Reinsurance ceded		(2,878,383	)		(2,554,273	)
Net	$	19,233,517		$	17,724,441
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	17,854,337		$	11,226,504
Reinsurance assumed		18,080			20,590
Reinsurance ceded		(4,435,953	)		(860,570	)
Net	$	13,436,464		$	10,386,524

	Nine-Month Periods Ended September 30,
	2023			2022
WRITTEN
Direct	$	68,899,622		$	61,695,027
Reinsurance assumed		135,570			129,328
Reinsurance ceded		(7,865,311	)		(7,087,338	)
Net	$	61,169,881		$	54,737,017
EARNED
Direct	$	63,468,235		$	57,720,789
Reinsurance assumed		127,080			122,048
Reinsurance ceded		(8,066,448	)		(7,077,077	)
Net	$	55,528,867		$	50,765,760
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	43,754,741		$	39,364,381
Reinsurance assumed		58,499			68,283
Reinsurance ceded		(7,114,609	)		(5,042,334	)
Net	$	36,698,631		$	34,390,330