Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a recurring Basis

Assets measured at fair value on a recurring basis as of March 31, 2017, are as summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,342,762	$	—	$	—	$	1,342,762
MBS/ABS/CMBS		—		22,610,608		—		22,610,608
Corporate		—		26,984,615		—		26,984,615
Municipal		—		16,746,819		—		16,746,819
Total fixed maturity securities		1,342,762		66,342,042		—		67,684,804
Equity securities
Common stocks		8,355,129		—		—		8,355,129
Preferred stocks		—		3,664,710		—		3,664,710
Total equity securities		8,355,129		3,664,710		—		12,019,839
Total AFS securities	$	9,697,891	$	70,006,752	$	—	$	79,704,643

Assets measured at fair value on a recurring basis as of December 31, 2016, are as summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,241,125	$	—	$	—	$	1,241,125
MBS/ABS/CMBS		—		19,677,200		—		19,677,200
Corporate		—		28,344,907		—		28,344,907
Municipal		—		14,870,791		—		14,870,791
Total fixed maturity securities		1,241,125		62,892,898		—		64,134,023
Equity securities
Common stocks		6,982,547		—		—		6,982,547
Preferred stocks		—		2,798,413		—		2,798,413
Total equity securities		6,982,547		2,798,413		—		9,780,960
Total AFS seuciriteis	$	8,223,672	$	65,691,311	$	—	$	73,914,983