Note 5 - Reinsurance (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Effects of Reinsurance [Table Text Block]

	Three-Month Periods Ended June 30,
	2024			2023
WRITTEN
Direct	$	25,390,896		$	23,589,667
Reinsurance assumed		(24,174	)		36,387
Reinsurance ceded		(3,680,899	)		(2,654,089	)
Net	$	21,685,823		$	20,971,965
EARNED
Direct	$	24,077,573		$	21,167,168
Reinsurance assumed		(14,213	)		31,109
Reinsurance ceded		(3,665,167	)		(2,704,224	)
Net	$	20,398,193		$	18,494,053
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	14,420,431		$	12,633,975
Reinsurance assumed		(40,615	)		31,178
Reinsurance ceded		173,252			(450,667	)
Net	$	14,553,068		$	12,214,486

	Six-Month Periods Ended June 30,
	2024			2023
WRITTEN
Direct	$	49,126,455		$	44,404,193
Reinsurance assumed		23,602			75,113
Reinsurance ceded		(7,020,230	)		(4,994,729	)
Net	$	42,129,827		$	39,484,577
EARNED
Direct	$	47,622,577		$	41,410,604
Reinsurance assumed		33,407			72,811
Reinsurance ceded		(7,035,425	)		(5,188,065	)
Net	$	40,620,559		$	36,295,350
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	28,539,882		$	25,900,404
Reinsurance assumed		23,107			40,419
Reinsurance ceded		(1,672,993	)		(2,678,656	)
Net	$	26,889,996		$	23,262,167