Investments (Tables)

9 Months Ended

Sep. 30, 2017



	For the Nine-Months Ended Ended September 30,
							Net realized
	Proceeds		Gains		Losses		gain
2017
Fixed maturity securities	$	5,670,040	$	29,328	$	(21)	$	29,307
Common stocks		2,154,214		415,471		(2,752)		412,719
Preferred stocks		55,199		919		—		919
2016
Fixed maturity securities	$	9,827,239	$	155,428	$	(3,732)	$	151,696
Equity securities	$	1,590,088	$	80,083	$	—	$	80,083

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



	Amortized Cost		Fair Value
Due in one year or less	$	2,001,464	$	2,004,240
Due after one year through five years		19,220,500		19,783,690
Due after five years through 10 years		14,618,497		15,344,456
Due after 10 years		19,339,597		19,990,535
Asset and mortgage backed securities without a specific due date		29,887,277		29,917,463
Total fixed maturity securities	$	85,067,335	$	87,040,384

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	$	1,346,253	$	1,343,760	$	1,912	$	(4,405)
MBS/ABS/CMBS		29,887,277		29,917,463		216,031		(185,845)
Corporate		30,546,761		31,657,013		1,128,163		(17,911)
Municipal		23,287,044		24,122,148		870,229		(35,125)
Total fixed maturity securities		85,067,335		87,040,384		2,216,335		(243,286)
Equity securities:
Common stocks		10,247,724		11,264,700		1,024,776		(7,800)
Preferred stocks		3,670,999		3,785,161		142,736		(28,574)
Total equity securities		13,918,723		15,049,861		1,167,512		(36,374)
Total AFS securities	$	98,986,058	$	102,090,245	$	3,383,847	$	(279,660)



	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



	September 30, 2017						December 31, 2016
			12 Mos						12 Mos
	< 12 Mos.		& Greater		Total		< 12 Mos.		& Greater		Total
U.S. Treasury
Fair value	$	995,313	$	—	$	995,313	$	993,576	$	—	$	993,576
Cost or Amortized cost		999,718		—		999,718		999,520		—		999,520
Unrealized Loss		(4,405)		—		(4,405)		(5,944)		—		(5,944)

MBS/ABS/CMBS
Fair value		9,212,756		2,075,299		11,288,055		10,712,987		322,641		11,035,628
Cost or Amortized cost		9,316,739		2,157,161		11,473,900		10,968,840		323,901		11,292,741
Unrealized Loss		(103,983)		(81,862)		(185,845)		(255,853)		(1,260)		(257,113)

Corporate
Fair value		1,571,361		1,983,352		3,554,713		5,476,442		984,115		6,460,557
Cost or Amortized cost		1,574,106		1,998,518		3,572,624		5,552,624		999,376		6,552,000
Unrealized Loss		(2,745)		(15,166)		(17,911)		(76,182)		(15,261)		(91,443)

Municipal
Fair value		1,396,750		858,505		2,255,255		2,995,362		—		2,995,362
Cost or Amortized cost		1,406,640		883,740		2,290,380		3,130,204		—		3,130,204
Unrealized Loss		(9,890)		(25,235)		(35,125)		(134,842)		—		(134,842)

Subtotal, fixed income
Fair value		13,176,180		4,917,156		18,093,336		20,178,367		1,306,756		21,485,123
Cost or Amortized cost		13,297,203		5,039,419		18,336,622		20,651,188		1,323,277		21,974,465
Unrealized Loss		(121,023)		(122,263)		(243,286)		(472,821)		(16,521)		(489,342)

Common Stock
Fair value		647,000		—		647,000		—		445,872		445,872
Cost or Amortized cost		654,800		—		654,800		—		479,801		479,801
Unrealized Loss		(7,800)		—		(7,800)		—		(33,929)		(33,929)

Preferred Stock
Fair value		643,660		425,875		1,069,535		2,328,345		—		2,328,345
Cost or Amortized cost		662,025		436,084		1,098,109		2,460,791		—		2,460,791
Unrealized Loss		(18,365)		(10,209)		(28,574)		(132,446)		—		(132,446)

Total
Fair value		14,466,840		5,343,031		19,809,871		22,506,712		1,752,628		24,259,340
Cost or amortized cost		14,614,028		5,475,503		20,089,531		23,111,979		1,803,078		24,915,057
Unrealized Loss	$	(147,188)	$	(132,472)	$	(279,660)	$	(605,267)	$	(50,450)	$	(655,717)