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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net earnings $ 715,027 $ 613,921
Adjustments to reconcile net earnings to net cash used in operating activities    
Net realized investment gains (1,072,200) (444,778)
Other-than-temporary impairment losses   57,316
Depreciation 310,857 428,161
Deferred income tax (35,427) 190,257
Amortization of bond premium and discount 158,743 135,265
Stock-based compensation expense 202,058  
Change in:    
Accrued investment income 19,223 (122,970)
Premiums and reinsurance balances receivable, (net) (2,420,481) (361,761)
Ceded unearned premiums (410,764) (25,457)
Reinsurance balances payable 616,203 20,431
Reinsurance balances recoverable 1,742,247 2,364,744
Deferred policy acquisition costs (498,112) (139,961)
Unpaid losses and settlement expenses 313,755 (3,125,882)
Unearned premiums 2,742,855 1,022,675
Accrued expenses (1,333,918) (1,645,086)
Current federal income tax 156,800 (483,608)
Other 270,703 102,915
Net cash provided by (used in) operating activities 1,477,569 (1,413,818)
Purchases of:    
Fixed maturity securities, available-for-sale (9,003,061) (22,821,724)
Other invested assets (39,200)  
Property held for investment (31,673) (677,714)
Property and equipment (300,484) (333,887)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 6,669,276 4,414,597
Property and equipment 64,826 967
Net cash used in investing activities (3,448,359) (23,317,840)
Cash flows from financing activities:    
Net proceeds received from issuance of shares of common stock   29,253,588
Proceeds from loans   3,499,149
Repayments of borrowed funds (850,152) (2,294,961)
Net cash (used in) provided by financing activities (850,152) 30,457,776
Net (decrease) increase in cash and cash equivalents (2,820,942) 5,726,118
Cash and cash equivalents at beginning of year 6,876,519 4,376,847
Cash and cash equivalents at end of period 4,055,577 10,102,965
Supplemental information:    
Federal income tax paid   600,000
Interest paid 108,336 109,451
Common Stocks [Member]    
Purchases of:    
Equity securities, available-for-sale (13,363,215) (5,216,872)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale 8,834,375 1,955,715
Preferred Stocks [Member]    
Purchases of:    
Equity securities, available-for-sale (140,925) $ (638,922)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale $ 3,861,722