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



 

 

 

 

 

 

 

 

 

 

 

 

 



 

As of



 

September 30,

 

December 31,



 

2017

 

2016

Automobiles

 

$

766,552 

 

$

668,794 

Furniture and fixtures

 

 

415,610 

 

 

516,318 

Computer equipment and software

 

 

3,373,225 

 

 

3,151,676 

Home office

 

 

3,756,541 

 

 

3,690,994 

Total cost

 

 

8,311,928 

 

 

8,027,782 

Accumulated depreciation

 

 

(4,747,642)

 

 

(4,308,247)

Net property and equipment

 

$

3,564,286 

 

$

3,719,535 



Summary of Components of Other Comprehensive Earnings





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three-Month Periods Ended September 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

 

$

449,199 

 

$

(152,728)

 

$

296,471 

 

$

22,196 

 

$

(7,547)

 

$

14,649 

Reclassification adjustment for

  (gains) losses included in net earnings

 

 

1,833 

 

 

(624)

 

 

1,209 

 

 

119,170 

 

 

(40,518)

 

 

78,652 

Total other comprehensive (loss)

  earnings

 

$

451,032 

 

$

(153,352)

 

$

297,680 

 

$

141,366 

 

$

(48,065)

 

$

93,301 











 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Nine-Month Periods Ended September 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

 

$

1,741,067 

 

$

(591,963)

 

$

1,149,104 

 

$

2,917,129 

 

$

(991,824)

 

$

1,925,305 

Reclassification adjustment for
  (gains) losses included in net earnings

 

 

(385,629)

 

 

131,113 

 

 

(254,516)

 

 

(19,048)

 

 

6,476 

 

 

(12,572)

Total other comprehensive earnings (loss)

 

$

1,355,438 

 

$

(460,850)

 

$

894,588 

 

$

2,898,081 

 

$

(985,348)

 

$

1,912,733 



Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnins



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts Reclassified from

Accumulated Other Comprehensive Earnings

Details about Accumulated Other

 

Three-Months Ended September 30,

 

Nine-Month Periods Ended September 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

$

1,833 

 

$

(93,561)

 

$

(442,945)

 

$

(231,779)

 

Net realized investment gains



 

 

 —

 

 

212,731 

 

 

57,316 

 

 

212,731 

 

Other-than-temporary impairment losses



 

 

(624)

 

 

(40,518)

 

 

131,113 

 

 

6,476 

 

Income tax expense

Total reclassification adjustment, net of tax

 

$

1,209 

 

$

78,652 

 

$

(254,516)

 

$

(12,572)