Investments (Tables)

6 Months Ended

Jun. 30, 2018



	For the Three-Months Ended Ended June 30,
							Net realized
	Proceeds		Gains		Losses		gain / (Loss)
2018
Fixed maturity securities	$	2,598,335	$	4,669	$	(13,084)	$	(8,415)
Common stocks		241,047		16,473		(37,988)		(21,515)
2017
Fixed maturity securities	$	906,700	$	—	$	(3)	$	(3)



	For the Six-Months Ended June 30,
							Net realized
	Proceeds		Gains		Losses		gain
2018
Fixed maturity securities	$	6,669,276	$	52,787	$	(26,115)	$	26,672
Common stocks		8,834,375		1,102,862		(62,242)		1,040,620
Preferred stocks		3,861,722		86,862		(81,954)		4,908
2017
Fixed maturity securities	$	4,414,597	$	29,328	$	(21)	$	29,307
Common stocks		1,955,715		415,471		—		415,471

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



	Amortized Cost		Fair Value
Due in one year or less	$	311,535	$	311,420
Due after one year through five years		23,915,785		23,924,513
Due after five years through 10 years		10,685,245		10,767,086
Due after 10 years		18,034,819		18,283,025
Asset and mortgage backed securities without a specific due date		37,028,126		36,408,799
Total fixed maturity securities	$	89,975,510	$	89,694,843

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	$	1,347,640	$	1,321,469	$	—	$	(26,171)
MBS/ABS/CMBS		37,028,126		36,408,799		49,487		(668,814)
Corporate		31,210,729		31,157,991		356,164		(408,902)
Municipal		20,389,015		20,806,584		486,377		(68,808)
Total fixed maturity securities		89,975,510		89,694,843		892,028		(1,172,695)
Equity securities:
Common stocks		13,100,640		12,907,136		656,830		(850,334)
Preferred stocks		66,675		65,650		—		(1,025)
Total equity securities		13,167,315		12,972,786		656,830		(851,359)
Total AFS securities	$	103,142,825	$	102,667,629	$	1,548,858	$	(2,024,054)



	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



	June 30, 2018						December 31, 2017
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
U.S. treasury
Fair value	$	1,029,263	$	292,206	$	1,321,469	$	1,038,297	$	295,428	$	1,333,725
Cost or amortized cost		1,047,472		300,168		1,347,640		1,046,508		300,204		1,346,712
Unrealized loss		(18,209)		(7,962)		(26,171)		(8,211)		(4,776)		(12,987)

MBS/ABS/CMBS
Fair value		20,073,237		6,708,127		26,781,364		9,754,119		7,445,071		17,199,190
Cost or amortized cost		20,368,837		7,081,341		27,450,178		9,778,528		7,645,085		17,423,613
Unrealized loss		(295,600)		(373,214)		(668,814)		(24,409)		(200,014)		(224,423)

Corporate
Fair value		17,434,719		755,371		18,190,090		5,583,942		2,023,856		7,607,798
Cost or amortized cost		17,799,788		799,204		18,598,992		5,610,093		2,048,963		7,659,056
Unrealized loss		(365,069)		(43,833)		(408,902)		(26,151)		(25,107)		(51,258)

Municipal
Fair value		3,644,260		839,947		4,484,207		478,019		1,171,520		1,649,539
Cost or amortized cost		3,677,077		875,938		4,553,015		479,904		1,186,663		1,666,567
Unrealized loss		(32,817)		(35,991)		(68,808)		(1,885)		(15,143)		(17,028)

Subtotal, fixed income
Fair value		42,181,479		8,595,651		50,777,130		16,854,377		10,935,875		27,790,252
Cost or amortized cost		42,893,174		9,056,651		51,949,825		16,915,033		11,180,915		28,095,948
Unrealized loss		(711,695)		(461,000)		(1,172,695)		(60,656)		(245,040)		(305,696)

Common stock
Fair value		7,254,241		—		7,254,241		637,100		—		637,100
Cost or amortized cost		8,104,575		—		8,104,575		654,800		—		654,800
Unrealized loss		(850,334)		—		(850,334)		(17,700)		—		(17,700)

Preferred stock
Fair value		65,650		—		65,650		842,530		520,710		1,363,240
Cost or amortized cost		66,675		—		66,675		870,755		540,421		1,411,176
Unrealized loss		(1,025)		—		(1,025)		(28,225)		(19,711)		(47,936)

Total
Fair value		49,501,370		8,595,651		58,097,021		18,334,007		11,456,585		29,790,592
Cost or amortized cost		51,064,424		9,056,651		60,121,075		18,440,588		11,721,336		30,161,924
Unrealized loss	$	(1,563,054)	$	(461,000)	$	(2,024,054)	$	(106,581)	$	(264,751)	$	(371,332)