Investments (Tables)

3 Months Ended

Mar. 31, 2018

Investments [Abstract]

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

	For the Three-Months Ended March 31,
							Net realized
	Proceeds		Gains		Losses		gain
2018
Fixed maturity securities	$	4,070,941	$	48,118	$	(13,031)	$	35,087
Common stocks		8,593,328		1,086,389		(24,254)		1,062,135
Preferred stocks		3,861,722		86,862		(81,954)		4,908
2017
Fixed maturity securities	$	3,507,897	$	29,328	$	(18)	$	29,310
Common stocks		1,955,715		415,471		—		415,471
Preferred stocks		—		—		—		—

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

	Amortized Cost		Fair Value
Due in one year or less	$	1,061,657	$	1,061,993
Due after one year through five years		23,542,852		23,690,082
Due after five years through 10 years		11,577,116		11,742,908
Due after 10 years		18,429,974		18,767,338
Asset and mortgage backed securities without a specific due date		35,266,105		34,779,944
Total fixed maturity securities	$	89,877,704	$	90,042,265

Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments

	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2018
Fixed maturity securities:
U.S. treasury	$	1,347,174	$	1,324,026	$	—	$	(23,148)
MBS/ABS/CMBS		35,266,105		34,779,944		76,938		(563,099)
Corporate		31,493,585		31,717,913		518,918		(294,590)
Municipal		21,770,840		22,220,382		523,709		(74,167)
Total fixed maturity securities		89,877,704		90,042,265		1,119,565		(955,004)
Equity securities:
Common stocks		13,061,832		12,467,829		210,297		(804,300)
Preferred stocks		66,675		65,725		—		(950)
Total equity securities		13,128,507		12,533,554		210,297		(805,250)
Total AFS securities	$	103,006,211	$	102,575,819	$	1,329,862	$	(1,760,254)

	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)

Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position

	March 31, 2018						December 31, 2017
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
U.S. Treasury
Fair value	$	1,031,187	$	292,839	$	1,324,026	$	1,038,297	$	295,428	$	1,333,725
Cost or Amortized cost		1,046,989		300,185		1,347,174		1,046,508		300,204		1,346,712
Unrealized Loss		(15,802)		(7,346)		(23,148)		(8,211)		(4,776)		(12,987)
MBS/ABS/CMBS
Fair value		14,678,987		7,002,941		21,681,928		9,754,119		7,445,071		17,199,190
Cost or Amortized cost		14,899,042		7,345,985		22,245,027		9,778,528		7,645,085		17,423,613
Unrealized Loss		(220,055)		(343,044)		(563,099)		(24,409)		(200,014)		(224,423)
Corporate
Fair value		14,186,545		1,257,693		15,444,238		5,583,942		2,023,856		7,607,798
Cost or Amortized cost		14,439,695		1,299,133		15,738,828		5,610,093		2,048,963		7,659,056
Unrealized Loss		(253,150)		(41,440)		(294,590)		(26,151)		(25,107)		(51,258)
Municipal
Fair value		4,515,983		844,120		5,360,103		478,019		1,171,520		1,649,539
Cost or Amortized cost		4,554,901		879,369		5,434,270		479,904		1,186,663		1,666,567
Unrealized Loss		(38,918)		(35,249)		(74,167)		(1,885)		(15,143)		(17,028)
Subtotal, fixed income
Fair value		34,412,702		9,397,593		43,810,295		16,854,377		10,935,875		27,790,252
Cost or Amortized cost		34,940,627		9,824,672		44,765,299		16,915,033		11,180,915		28,095,948
Unrealized Loss		(527,925)		(427,079)		(955,004)		(60,656)		(245,040)		(305,696)
Common Stock
Fair value		8,992,040		—		8,992,040		637,100		—		637,100
Cost or Amortized cost		9,796,340		—		9,796,340		654,800		—		654,800
Unrealized Loss		(804,300)		—		(804,300)		(17,700)		—		(17,700)
Preferred Stock
Fair value		65,725		—		65,725		842,530		520,710		1,363,240
Cost or Amortized cost		66,675		—		66,675		870,755		540,421		1,411,176
Unrealized Loss		(950)		—		(950)		(28,225)		(19,711)		(47,936)
Total
Fair value		43,470,467		9,397,593		52,868,060		18,334,007		11,456,585		29,790,592
Cost or amortized cost		44,803,642		9,824,672		54,628,314		18,440,588		11,721,336		30,161,924
Unrealized Loss	$	(1,333,175)	$	(427,079)	$	(1,760,254)	$	(106,581)	$	(264,751)	$	(371,332)