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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]  
Summary of Property, Plant and Equipment



 

 

 

 

 

 

 

 

 

 

 

 

 



 

As of



 

June 30,

 

December 31,



 

2017

 

2016

Automobiles

 

$

744,211 

 

$

668,794 

Furniture and fixtures

 

 

405,494 

 

 

516,318 

Computer equipment and software

 

 

3,349,190 

 

 

3,151,676 

Home office

 

 

3,729,936 

 

 

3,690,994 

Total cost

 

 

8,228,831 

 

 

8,027,782 

Accumulated depreciation

 

 

(4,571,613)

 

 

(4,308,247)

Net property and equipment

 

$

3,657,217 

 

$

3,719,535 



Summary of Components of Other Comprehensive Earnings





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three-Month Periods Ended June 30,



 

2017

 

2016



 

Pre-tax

 

Tax

 

After-tax

 

Pre-tax

 

Tax

 

After-tax

Other comprehensive earnings (loss),
  net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains and losses on investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding (losses) gains
  arising during the period

 

$

764,541 

 

$

(259,944)

 

$

504,597 

 

$

1,241,870 

 

$

(422,236)

 

$

819,634 

Reclassification adjustment for

  (gains) losses included in net earnings

 

 

57,319 

 

 

(19,489)

 

 

37,830 

 

 

(13,970)

 

 

4,750 

 

 

(9,220)

Total other comprehensive (loss)

  earnings

 

$

821,860 

 

$

(279,433)

 

$

542,427 

 

$

1,227,900 

 

$

(417,486)

 

$

810,414 











 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Six-Month Periods Ended June 30,



 

2017

 

2016



 

Pre-tax

 

Tax

 

After-tax

 

Pre-tax

 

Tax

 

After-tax

Other comprehensive earnings (loss),
  net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains and losses on investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses)
  arising during the period

 

$

1,291,868 

 

$

(439,235)

 

$

852,633 

 

$

2,894,933 

 

$

(984,277)

 

$

1,910,656 

Reclassification adjustment for
  (gains) losses included in net earnings

 

 

(387,462)

 

 

131,737 

 

 

(255,725)

 

 

(138,218)

 

 

46,994 

 

 

(91,224)

Total other comprehensive earnings (loss)

 

$

904,406 

 

$

(307,498)

 

$

596,908 

 

$

2,756,715 

 

$

(937,283)

 

$

1,819,432 



Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnins



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts Reclassified from

Accumulated Other Comprehensive Earnings

Details about Accumulated Other

 

Three-Months Ended June 30,

 

Six-Month Periods Ended June 30,

 

Affected Line Item in the Statement

Comprehensive Earnings Component

 

2017

 

2016

 

2017

 

2016

 

where Net Earnings is Presented

Unrealized gains (losses) on AFS investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

$

 

$

(13,970)

 

$

(444,778)

 

$

(138,218)

 

Net realized investment gains



 

 

57,316 

 

 

 —

 

 

57,316 

 

 

 —

 

Other-than-temporary impairment losses



 

 

(19,489)

 

 

4,750 

 

 

131,737 

 

 

46,994 

 

Income tax expense

Total reclassification adjustment, net of tax

 

$

37,830 

 

$

(9,220)

 

$

(255,725)

 

$

(91,224)