Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a recurring Basis

Assets measured at fair value on a recurring basis as of September 30, 2018, are as summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,319,537	$	—	$	—	$	1,319,537
MBS/ABS/CMBS		—		35,617,215		—		35,617,215
Corporate		—		32,652,681		—		32,652,681
Municipal		—		19,311,017		—		19,311,017
Total fixed maturity securities		1,319,537		87,580,913		—		88,900,450
Equity securities
Common stocks		13,607,356		—		—		13,607,356
Preferred stocks		—		—		—		—
Total equity securities		13,607,356		—		—		13,607,356
Total AFS securities	$	14,926,893	$	87,580,913	$	—	$	102,507,806

Assets measured at fair value on a recurring basis as of December 31, 2017, are as summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,333,725	$	—	$	—	$	1,333,725
MBS/ABS/CMBS		—		31,518,662		—		31,518,662
Corporate		—		31,989,174		—		31,989,174
Municipal		—		24,763,512		—		24,763,512
Total fixed maturity securities		1,333,725		88,271,348		—		89,605,073
Equity securities
Common stocks		8,534,109		—		—		8,534,109
Preferred stocks		—		3,867,429		—		3,867,429
Total equity securities		8,534,109		3,867,429		—		12,401,538
Total AFS securities	$	9,867,834	$	92,138,777	$	—	$	102,006,611