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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]        
Net premiums earned $ 11,191,448 $ 10,848,363 $ 32,740,312 $ 31,694,591
Net investment income 688,134 663,111 1,849,421 1,433,005
Net realized investment (losses) gains (1,833) 93,561 442,945 231,779
Other-than-temporary impairment losses   (212,731) (57,316) (212,731)
Other income 48,667 28,058 197,647 103,919
Consolidated revenues 11,926,416 11,420,362 35,173,009 33,250,563
Losses and settlenment expenses 8,063,401 6,154,162 21,527,043 18,711,078
Policy acquisition costs and other operating expenses 4,344,129 4,254,640 12,799,079 11,797,914
Interest expense on debt 64,810 48,563 174,349 140,185
General corporate expenses 183,540 137,109 451,660 336,581
Total expenses 12,655,880 10,594,474 34,952,131 30,985,758
(Loss) earnings before income taxes (729,464) 825,888 220,878 2,264,805
Total income tax (benefit) expense (380,681) 130,920 (44,260) 679,270
Net (loss) earnings (348,783) 694,968 265,138 1,585,535
Other comprehensive earnings, net of tax 297,680 93,301 894,588 1,912,733
Comprehensive (loss) earnings $ (51,103) $ 788,269 $ 1,159,726 $ 3,498,268
Basic:        
Basic net (loss) earnings per share $ (0.11) [1] $ 0.22 [1] $ 0.08 [2] $ 0.50 [2]
Diluted:        
Diluted net (loss) earnings per share $ (0.11) [1] $ 0.22 [1] $ 0.08 [2] $ 0.50 [2]
Weighted average number of common shares outstanding:        
Basic 3,160,892 [3] 3,150,000 [3] 3,154,992 [4] 3,150,000 [4]
Diluted 3,160,892 [3] 3,150,000 [3] 3,154,992 [4] 3,150,000 [4]
[1] The unaudited pro forma earnings per share for the three months ended September 30, 2016 is provided as a basis for comparison of current period earnings.
[2] The unaudited pro forma earnings per share for the nine months ended September 30, 2016 is provided as a basis for comparison of current period earnings.
[3] Weighted average number of common shares outstanding for the three months ended September 30, 2016 is based on the resulting shares from the initial public offering that was completed in March 2017 and are used to calculate the pro forma earnings per share for the three months ended September 30, 2016.
[4] Weighted average number of common shares outstanding for the nine months ended September 30, 2016 is based on the resulting shares from the initial public offering that was completed in March 2017 and are used to calculate the pro forma earnings per share for the nine months ended September 30, 2016.