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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net earnings $ 258,722 $ 265,138
Adjustments to reconcile net earnings to net cash used in operating activities    
Net realized investment gains (1,087,229) (442,945)
Other-than-temporary impairment losses   57,316
Depreciation 519,471 628,778
Deferred income tax 4,101 138,384
Amortization of bond premium and discount 239,029 228,760
Stock-based compensation expense 307,566  
Change in:    
Accrued investment income 27,598 (191,794)
Premiums and reinsurance balances receivable, (net) (2,883,819) (739,651)
Ceded unearned premiums (430,781) (26,376)
Reinsurance balances payable 908,323 69,210
Reinsurance balances recoverable 550,567 474,459
Deferred policy acquisition costs (911,348) (393,189)
Unpaid losses and settlement expenses 3,139,319 (265,388)
Unearned premiums 3,822,745 2,011,562
Accrued expenses (548,197) (755,035)
Current federal income tax (9,086) (779,648)
Other (598,682) 343,091
Net cash provided by operating activities 3,308,299 622,672
Purchases of:    
Fixed maturity securities, available-for-sale (12,181,365) (28,002,993)
Other invested assets (39,200)  
Property held for investment (374,409) (710,082)
Property and equipment (444,603) (422,364)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 10,181,569 5,670,040
Property and equipment 5,854 967
Net cash used in investing activities (3,629,926) (27,794,438)
Cash flows from financing activities:    
Net proceeds received from issuance of shares of common stock   28,981,491
Proceeds from loans   3,499,149
Repayments of borrowed funds (852,191) (2,831,961)
Purchase of common stock (2,999,995)  
Net cash (used in) provided by financing activities (3,852,186) 29,648,679
Net (decrease) increase in cash and cash equivalents (4,173,813) 2,476,913
Cash and cash equivalents at beginning of year 6,876,519 4,376,847
Cash and cash equivalents at end of period 2,702,706 6,853,760
Supplemental information:    
Federal income tax paid   600,000
Interest paid 140,881 141,098
Common Stocks [Member]    
Purchases of:    
Equity securities, available-for-sale (13,932,332) (5,900,497)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale 9,367,763 2,154,214
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 $ 3,927,722 $ 55,199