Investments (Tables)

12 Months Ended

Dec. 31, 2017



	2017		2016
AFS, fixed maturity securities	$	2,500,136	$	2,050,205
Investment property		449,990		348,393
AFS, equity securities		434,950		372,151
Cash and short-term investments		42,426		17,189
Investment revenue		3,427,502		2,787,938
Less investment expenses		(795,004)		(820,000)
Net investment income	$	2,632,498	$	1,967,938

Summary of Recognized Impairments, Proceeds, Maturities and Calls of Available-for-Sale Securities


							Net realized
	Proceeds		Gains		Losses		gain
2017
Fixed maturity securities	$	7,431,133	$	29,436	$	(21)	$	29,415
Common stocks		5,481,197		1,025,909		(2,753)		1,023,156
Preferred stocks		260,119		12,006		—		12,006
2016
Fixed maturity securities	$	11,437,484	$	216,803	$	(3,737)	$	213,066
Common stocks		4,708,756		73,186		(26,287)		46,899
Preferred stocks		98,998		—		(10,042)		(10,042)

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



	Amortized Cost		Fair Value
Due in one year or less	$	1,500,544	$	1,499,050
Due after one year through five years		22,428,557		22,911,341
Due after five years through 10 years		11,892,260		12,405,986
Due after 10 years		20,367,545		21,270,034
Asset and mortgage backed securities without a specific due date		31,584,141		31,518,662
Total fixed maturity securities	$	87,773,047	$	89,605,073

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	$	1,346,712	$	1,333,725	$	—	$	(12,987)
MBS/ABS/CMBS		31,584,141		31,518,662		158,944		(224,423)
Corporate		31,038,526		31,989,174		1,001,906		(51,258)
Municipal		23,803,668		24,763,512		976,872		(17,028)
Total fixed maturity securities		87,773,047		89,605,073		2,137,722		(305,696)
Equity securities:
Common stocks		7,631,180		8,534,109		920,629		(17,700)
Preferred stocks		3,783,311		3,867,429		132,054		(47,936)
Total equity securities		11,414,491		12,401,538		1,052,683		(65,636)
Total AFS securities	$	99,187,538	$	102,006,611	$	3,190,405	$	(371,332)



	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



	December 31, 2017						December 31, 2016
			12 Mos						12 Mos
	< 12 Mos.		& Greater		Total		< 12 Mos.		& Greater		Total
U.S. Treasury
Fair value	$	1,038,297	$	295,428	$	1,333,725	$	993,576	$	—	$	993,576
Cost or Amortized cost		1,046,508		300,204		1,346,712		999,520		—		999,520
Unrealized Loss		(8,211)		(4,776)		(12,987)		(5,944)		—		(5,944)

MBS/ABS/CMBS
Fair value		9,754,119		7,445,071		17,199,190		10,712,987		322,641		11,035,628
Cost or Amortized cost		9,778,528		7,645,085		17,423,613		10,968,840		323,901		11,292,741
Unrealized Loss		(24,409)		(200,014)		(224,423)		(255,853)		(1,260)		(257,113)

Corporate
Fair value		5,583,942		2,023,856		7,607,798		5,476,442		984,115		6,460,557
Cost or Amortized cost		5,610,093		2,048,963		7,659,056		5,552,624		999,376		6,552,000
Unrealized Loss		(26,151)		(25,107)		(51,258)		(76,182)		(15,261)		(91,443)

Municipal
Fair value		478,019		1,171,520		1,649,539		2,995,362		—		2,995,362
Cost or Amortized cost		479,904		1,186,663		1,666,567		3,130,204		—		3,130,204
Unrealized Loss		(1,885)		(15,143)		(17,028)		(134,842)		—		(134,842)

Subtotal, fixed income
Fair value		16,854,377		10,935,875		27,790,252		20,178,367		1,306,756		21,485,123
Cost or Amortized cost		16,915,033		11,180,915		28,095,948		20,651,188		1,323,277		21,974,465
Unrealized Loss		(60,656)		(245,040)		(305,696)		(472,821)		(16,521)		(489,342)

Common Stock
Fair value		637,100		—		637,100		—		445,872		445,872
Cost or Amortized cost		654,800		—		654,800		—		479,801		479,801
Unrealized Loss		(17,700)		—		(17,700)		—		(33,929)		(33,929)

Preferred Stock
Fair value		842,530		520,710		1,363,240		2,328,345		—		2,328,345
Cost or Amortized cost		870,755		540,421		1,411,176		2,460,791		—		2,460,791
Unrealized Loss		(28,225)		(19,711)		(47,936)		(132,446)		—		(132,446)

Total
Fair value		18,334,007		11,456,585		29,790,592		22,506,712		1,752,628		24,259,340
Cost or amortized cost		18,440,588		11,721,336		30,161,924		23,111,979		1,803,078		24,915,057
Unrealized Loss	$	(106,581)	$	(264,751)	$	(371,332)	$	(605,267)	$	(50,450)	$	(655,717)