Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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	$	1,344,461	$	—	$	—	$	1,344,461
MBS/ABS/CMBS		—		26,527,701		—		26,527,701
Corporate		—		31,455,183		—		31,455,183
Municipal		—		23,678,630		—		23,678,630
Total fixed maturity securities		1,344,461		81,661,514		—		83,005,975
Equity securities
Common stocks		10,590,764		—		—		10,590,764
Preferred stocks		—		3,782,049		—		3,782,049
Total equity securities		10,590,764		3,782,049		—		14,372,813
Total AFS securities	$	11,935,225	$	85,443,563	$	—	$	97,378,788

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