Note 5 - Reinsurance (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Effects of Reinsurance [Table Text Block]

	Three-Month Periods Ended September 30,
	2024			2023
WRITTEN
Direct	$	27,661,918		$	24,495,429
Reinsurance assumed		70,721			60,457
Reinsurance ceded		(3,514,356	)		(2,870,582	)
Net	$	24,218,283		$	21,685,304
EARNED
Direct	$	25,126,580		$	22,057,631
Reinsurance assumed		64,138			54,269
Reinsurance ceded		(3,479,311	)		(2,878,383	)
Net	$	21,711,407		$	19,233,517
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	15,088,964		$	17,854,337
Reinsurance assumed		46,296			18,080
Reinsurance ceded		(991,057	)		(4,435,953	)
Net	$	14,144,203		$	13,436,464

	Nine-Month Periods Ended September 30,
	2024			2023
WRITTEN
Direct	$	76,788,373		$	68,899,622
Reinsurance assumed		94,323			135,570
Reinsurance ceded		(10,534,586	)		(7,865,311	)
Net	$	66,348,110		$	61,169,881
EARNED
Direct	$	72,749,157		$	63,468,235
Reinsurance assumed		97,545			127,080
Reinsurance ceded		(10,514,736	)		(8,066,448	)
Net	$	62,331,966		$	55,528,867
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	43,628,846		$	43,754,741
Reinsurance assumed		69,403			58,499
Reinsurance ceded		(2,664,050	)		(7,114,609	)
Net	$	41,034,199		$	36,698,631