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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 3,559,521 $ 1,396,071
Adjustments to reconcile net earnings to net cash provided by operating activities    
Net realized investment gains (584,925) (268,375)
Net unrealized gains on investments (2,134,454) (279,100)
Depreciation 616,219 541,656
Deferred income tax (988) (144,279)
Amortization of bond premium and discount (13,026) 57,647
Stock-based compensation expense 616,922 452,165
Change in:    
Accrued investment income (127,118) (120,242)
Premiums and reinsurance balances receivable (842,426) (4,455,472)
Ceded unearned premiums (19,850) 201,137
Reinsurance balances recoverable 216,771 (2,837,908)
Deferred policy acquisition costs (625,580) (1,180,463)
Unpaid losses and settlement expenses 11,662,902 12,928,415
Unearned premiums 4,035,994 5,439,877
Reinsurance balances payable (111,644) (369,510)
Accrued expenses 253,749 (56,038)
Current federal income tax (329,837) (323,761)
Other (145,408) (359,595)
Net cash provided by operating activities 16,026,822 10,622,225
Cash flows from investing activities:    
Fixed maturity securities (13,059,136) (18,181,637)
Other invested assets (6,176,600) (3,346,778)
Property held for investment (626,166) (1,138,302)
Property and equipment (429,204) (462,729)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities 11,985,012 9,785,891
Other invested assets 1,403,809 354,276
Property held for investment 612,017 1,545,977
Property and equipment 4,138 17,789
Net cash used in investing activities (6,302,017) (10,700,926)
Cash flows from financing activities:    
Purchase of treasury stock (191,322) (395,727)
Net cash used in financing activities (191,322) (395,727)
Net increase (decrease) in cash and cash equivalents 9,533,483 (474,428)
Cash and cash equivalents at beginning of year 1,478,135 3,139,986
Cash and cash equivalents at end of period 11,011,618 2,665,558
Supplemental information:    
Federal income tax paid 725,000 180,000
Interest paid 138,200 132,400
Common Stock [Member]    
Cash flows from investing activities:    
Equity securities (2,264,086) (3,158,620)
Proceeds from sales, maturities and calls of:    
Equity securities 2,033,174 3,831,416
Preferred Stock [Member]    
Cash flows from investing activities:    
Equity securities (464,619) (285,649)
Proceeds from sales, maturities and calls of:    
Equity securities $ 679,644 $ 337,440