Fair Value Disclosures (Tables)

9 Months Ended

Sep. 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 September 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	$	1,343,760	$	—	$	—	$	1,343,760
MBS/ABS/CMBS		—		29,917,463		—		29,917,463
Corporate		—		31,657,013		—		31,657,013
Municipal		—		24,122,148		—		24,122,148
Total fixed maturity securities		1,343,760		85,696,624		—		87,040,384
Equity securities
Common stocks		11,264,700		—		—		11,264,700
Preferred stocks		—		3,785,161		—		3,785,161
Total equity securities		11,264,700		3,785,161		—		15,049,861
Total AFS securities	$	12,608,460	$	89,481,785	$	—	$	102,090,245

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