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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities    
Net earnings $ 675,827 $ 849,044
Adjustments to reconcile net earnings to net cash used in operating activities    
Net realized investment gains (1,102,130) (444,781)
Depreciation 131,273 216,554
Deferred income tax 12,135 333,766
Amortization of bond premium and discount 87,514 59,521
Change in:    
Accrued investment income (16,348) 489
Premiums and reinsurance balances receivable (net) (921,039) (16,280)
Ceded unearned premiums (219,051) 27,676
Reinsurance balances payable 355,594 45,178
Reinsurance balances recoverable 265,496 2,642,373
Deferred policy acquisition costs 72,825 (172,158)
Unpaid losses and settlement expenses 369,977 (2,953,321)
Unearned premiums 895,609 (213,584)
Accrued expenses (1,802,486) (2,339,301)
Current federal income tax 127,018 95,379
Other (430,656) 1,151,454
Net cash used in operating activities (1,498,442) (717,991)
Purchases of:    
Fixed maturity securities, available-for-sale (6,227,279) (3,870,786)
Other invested assets (39,200)  
Property held for investment (33,703) (220,148)
Property and equipment (165,674) (6,646)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 4,070,941 3,507,897
Property and equipment 44,536 365
Net cash used in investing activities (3,098,100) (1,706,246)
Cash flows from financing activities:    
Net proceeds received from issuance of shares of common stock and stock-based compensation expense 96,535 29,136,900
Proceeds from loan   3,499,149
Repayments of borrowed funds (848,132) (2,070,957)
Net cash provided by (used in) financing activities (751,597) 30,565,092
Net (decrease) increase in cash and cash equivalents (5,348,139) 28,140,855
Cash and cash equivalents at beginning of year 6,876,519 4,376,847
Cash and cash equivalents at end of period 1,528,380 32,517,702
Supplemental information:    
Federal income tax paid
Interest paid 80,394 52,186
Non-cash transactions:    
Payable for securities purchased   3,842,037
Common Stock [Member]    
Purchases of:    
Equity securities, available-for-sale (13,061,846) (2,947,068)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale 8,593,328 1,955,715
Preferred Stock [Member]    
Purchases of:    
Equity securities, available-for-sale (140,925) $ (125,575)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale $ 3,861,722