Investments (Tables)

9 Months Ended

Sep. 30, 2018

Investments [Abstract]

Summary of Recognized Impairments

	For the Three-Months Ended Ended September 30,
							Net realized
	Proceeds		Gains		Losses		gain / (Loss)
2018
Fixed maturity securities	$	3,512,293	$	45,130	$	(30,165)	$	14,965
Common stocks		533,388		61,330		(60,591)		739
Preferred stocks		66,000		—		(675)		(675)
2017
Fixed maturity securities	$	1,255,443	$	—	$	—	$	—
Common stocks		198,499		—		(2,752)		(2,752)
Preferred stocks		55,199		919		—		919

	For the Nine-Months Ended September 30,
							Net realized
	Proceeds		Gains		Losses		gain
2018
Fixed maturity securities	$	10,181,569	$	97,917	$	(56,280)	$	41,637
Common stocks		9,367,763		1,164,192		(122,833)		1,041,359
Preferred stocks		3,927,722		86,863		(82,630)		4,233
2017
Fixed maturity securities	$	5,670,040	$	29,328	$	(21)	$	29,307
Common stocks		2,154,214		415,472		(2,752)		412,720
Preferred stocks		55,199		919		—		919

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

	Amortized Cost		Fair Value
Due in one year or less	$	813,225	$	821,742
Due after one year through five years		23,865,819		23,769,718
Due after five years through 10 years		11,956,466		12,044,355
Due after 10 years		16,553,033		16,647,419
Asset and mortgage backed securities without a specific due date		36,387,655		35,617,216
Total fixed maturity securities	$	89,576,198	$	88,900,450

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	$	1,348,107	$	1,319,537	$	—	$	(28,570)
MBS/ABS/CMBS		36,387,655		35,617,215		29,751		(800,191)
Corporate		32,701,336		32,652,681		347,244		(395,899)
Municipal		19,139,100		19,311,017		333,420		(161,503)
Total fixed maturity securities		89,576,198		88,900,450		710,415		(1,386,163)
Equity securities:
Common stocks		13,137,108		13,607,356		1,225,227		(754,979)
Preferred stocks		—		—		—		—
Total equity securities		13,137,108		13,607,356		1,225,227		(754,979)
Total AFS securities	$	102,713,306	$	102,507,806	$	1,935,642	$	(2,141,142)

	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

	September 30, 2018						December 31, 2017
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
U.S. treasury
Fair value	$	342,250	$	977,287	$	1,319,537	$	1,038,297	$	295,428	$	1,333,725
Cost or amortized cost		348,124		999,983		1,348,107		1,046,508		300,204		1,346,712
Unrealized loss		(5,874)		(22,696)		(28,570)		(8,211)		(4,776)		(12,987)
MBS/ABS/CMBS
Fair value		21,088,559		7,245,861		28,334,420		9,754,119		7,445,071		17,199,190
Cost or amortized cost		21,443,390		7,691,221		29,134,611		9,778,528		7,645,085		17,423,613
Unrealized loss		(354,831)		(445,360)		(800,191)		(24,409)		(200,014)		(224,423)
Corporate
Fair value		17,985,164		1,498,716		19,483,880		5,583,942		2,023,856		7,607,798
Cost or amortized cost		18,320,100		1,559,679		19,879,779		5,610,093		2,048,963		7,659,056
Unrealized loss		(334,936)		(60,963)		(395,899)		(26,151)		(25,107)		(51,258)
Municipal
Fair value		8,435,081		829,523		9,264,604		478,019		1,171,520		1,649,539
Cost or amortized cost		8,553,627		872,480		9,426,107		479,904		1,186,663		1,666,567
Unrealized loss		(118,546)		(42,957)		(161,503)		(1,885)		(15,143)		(17,028)
Subtotal, fixed income
Fair value		47,851,054		10,551,387		58,402,441		16,854,377		10,935,875		27,790,252
Cost or amortized cost		48,665,241		11,123,363		59,788,604		16,915,033		11,180,915		28,095,948
Unrealized loss		(814,187)		(571,976)		(1,386,163)		(60,656)		(245,040)		(305,696)
Common stock
Fair value		5,618,996				5,618,996		637,100		—		637,100
Cost or amortized cost		6,373,975		—		6,373,975		654,800		—		654,800
Unrealized loss		(754,979)		—		(754,979)		(17,700)		—		(17,700)
Preferred stock
Fair value		—		—		—		842,530		520,710		1,363,240
Cost or amortized cost		—		—		—		870,755		540,421		1,411,176
Unrealized loss		—		—		—		(28,225)		(19,711)		(47,936)
Total
Fair value		53,470,050		10,551,387		64,021,437		18,334,007		11,456,585		29,790,592
Cost or amortized cost		55,039,216		11,123,363		66,162,579		18,440,588		11,721,336		30,161,924
Unrealized loss	$	(1,569,166)	$	(571,976)	$	(2,141,142)	$	(106,581)	$	(264,751)	$	(371,332)