Investments (Tables)

3 Months Ended

Mar. 31, 2017



	For the Three-Months Ended Ended March 31,
							Net realized
	Proceeds		Gains		Losses		gain / (Loss)
2017
Fixed maturity securities	$	3,507,897	$	29,328	$	(18)	$	29,310
Common stocks		1,955,715		415,471		—		415,471
2016
Fixed maturity securities	$	6,177,479	$	124,251	$	(3)	$	124,248

Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity



	Amortized Cost		Fair Value
Due in one year or less	$	1,002,040	$	1,007,504
Due after one year through five years		17,204,823		17,632,613
Due after five years through 10 years		14,332,542		15,014,148
Due after 10 years		11,240,936		11,419,931
Asset and mortgage backed securities without a specific due date		22,703,589		22,610,608
Total fixed maturity securities	$	66,483,930	$	67,684,804

Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments



	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2017
Fixed maturity securities:
U.S. treasury	$	1,345,335	$	1,342,762	$	2,466	$	(5,039)
MBS/ABS/CMBS		22,703,589		22,610,608		168,126		(261,107)
Corporate		26,227,525		26,984,615		827,528		(70,438)
Municipal		16,207,481		16,746,819		659,592		(120,254)
Total fixed maturity securities		66,483,930		67,684,804		1,657,712		(456,838)
Equity securities:
Common stocks		7,718,532		8,355,129		678,475		(41,878)
Preferred stocks		3,670,884		3,664,710		41,864		(48,038)
Total equity securities		11,389,416		12,019,839		720,339		(89,916)
Total AFS securities	$	77,873,346	$	79,704,643	$	2,378,051	$	(546,754)



	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2016
Fixed maturity securities:
U.S. treasury	$	1,244,542	$	1,241,125	$	2,527	$	(5,944)
MBS/ABS/CMBS		19,751,138		19,677,200		183,175		(257,113)
Corporate		27,593,568		28,344,907		842,782		(91,443)
Municipal		14,339,843		14,870,791		665,790		(134,842)
Total fixed maturity securities		62,929,091		64,134,023		1,694,274		(489,342)
Equity securities:
Common stocks		6,311,708		6,982,547		704,768		(33,929)
Preferred stocks		2,925,434		2,798,413		5,425		(132,446)
Total equity securities		9,237,142		9,780,960		710,193		(166,375)
Total AFS securities	$	72,166,233	$	73,914,983	$	2,404,467	$	(655,717)

Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position



	March 31, 2017						December 31, 2016
			12 Mos						12 Mos
	< 12 Mos.		& Greater		Total		< 12 Mos.		& Greater		Total
U.S. Treasury
Fair value	$	994,547	$	—	$	994,547	$	993,576	$	—	$	993,576
Cost or Amortized cost		999,586		—		999,586		999,520		—		999,520
Unrealized Loss		(5,039)		—		(5,039)		(5,944)		—		(5,944)

MBS/ABS/CMBS
Fair value		10,393,841		235,713		10,629,554		10,712,987		322,641		11,035,628
Cost or Amortized cost		10,654,350		236,311		10,890,661		10,968,840		323,901		11,292,741
Unrealized Loss		(260,509)		(598)		(261,107)		(255,853)		(1,260)		(257,113)

Corporate
Fair value		4,194,343		988,578		5,182,921		5,476,442		984,115		6,460,557
Cost or Amortized cost		4,253,949		999,410		5,253,359		5,552,624		999,376		6,552,000
Unrealized Loss		(59,606)		(10,832)		(70,438)		(76,182)		(15,261)		(91,443)

Municipal
Fair value		5,703,400		—		5,703,400		2,995,362		—		2,995,362
Cost or Amortized cost		5,823,654		—		5,823,654		3,130,204		—		3,130,204
Unrealized Loss		(120,254)		—		(120,254)		(134,842)		—		(134,842)

Subtotal, fixed income
Fair value		21,286,131		1,224,291		22,510,422		20,178,367		1,306,756		21,485,123
Cost or Amortized cost		21,731,539		1,235,721		22,967,260		20,651,188		1,323,277		21,974,465
Unrealized Loss		(445,408)		(11,430)		(456,838)		(472,821)		(16,521)		(489,342)

Common Stock
Fair value		—		216,690		216,690		—		445,872		445,872
Cost or Amortized cost		—		258,568		258,568		—		479,801		479,801
Unrealized Loss		—		(41,878)		(41,878)		—		(33,929)		(33,929)

Preferred Stock
Fair value		1,917,159		—		1,917,159		2,328,345		—		—
Cost or Amortized cost		1,965,197		—		1,965,197		2,460,791		—		—
Unrealized Loss		(48,038)		—		(48,038)		(132,446)		—		(132,446)

Total
Fair value		23,203,290		1,440,981		24,644,271		22,506,712		1,752,628		24,259,340
Cost or amortized cost		23,696,736		1,494,289		25,191,025		23,111,979		1,803,078		24,915,057
Unrealized Loss	$	(493,446)	$	(53,308)	$	(546,754)	$	(605,267)	$	(50,450)	$	(655,717)