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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net earnings (loss) $ 4,256,895 $ (581,662)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Net realized investment gains (672,857) (874,470)
Net unrealized (gains) losses on investments (1,135,905) 4,706,405
Depreciation 763,815 693,067
Deferred income tax 89,118 (1,125,063)
Amortization of bond premium and discount 53,322 175,085
Stock-based compensation expense 604,765 589,805
Change in:    
Accrued investment income (123,344) (132,399)
Premiums and reinsurance balances receivable (5,949,973) (4,070,656)
Ceded unearned premiums 192,752 19,171
Reinsurance balances recoverable 775,716 910,924
Deferred policy acquisition costs (1,385,423) (628,192)
Unpaid losses and settlement expenses 4,305,522 5,779,254
Unearned premiums 6,732,455 4,314,916
Reinsurance balances payable (273,036) 37,043
Accrued expenses 1,370,597 630,409
Current federal income tax (105,688) 173,652
Other (978,466) 137,845
Net cash provided by operating activities 8,520,265 10,755,134
Cash flows from investing activities:    
Fixed maturity securities (26,444,434) (20,443,812)
Other invested assets (4,805,110) (1,874,993)
Property held for investment (1,633,885) (940,997)
Property and equipment (617,324) (711,133)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities 11,578,761 17,820,507
Other invested assets 373,307 238,723
Property held for investment 1,545,977 278,679
Property and equipment 21,182 17,763
Net cash used in investing activities (9,776,653) (6,256,602)
Cash flows from financing activities:    
Proceeds from loans 0 5,000,000
Repayments of borrowed funds 0 (8,455,342)
Purchase of treasury stock (405,463) (2,509,582)
Net cash used in financing activities (405,463) (5,964,924)
Net decrease in cash and cash equivalents (1,661,851) (1,466,392)
Cash and cash equivalents at beginning of year 3,139,986 4,606,378
Cash and cash equivalents at end of period 1,478,135 3,139,986
Supplemental information:    
Federal income tax paid 500,000 370,000
Interest paid 184,100 190,200
Common Stock [Member]    
Cash flows from investing activities:    
Equity securities (4,016,392) (4,481,474)
Proceeds from sales, maturities and calls of:    
Equity securities 14,169,474 4,402,327
Preferred Stock [Member]    
Cash flows from investing activities:    
Equity securities (285,649) (1,208,744)
Proceeds from sales, maturities and calls of:    
Equity securities $ 337,440 $ 646,552