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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Summary of Significant Accounting Policies [Abstract]  
Summary of Property, Plant and Equipment



 

 

 

 

 

 

 

 

 

 

 

 

 



 

As of



 

June 30,

 

December 31,



 

2018

 

2017

Automobiles

 

$

567,291 

 

$

794,959 

Furniture and fixtures

 

 

427,453 

 

 

425,825 

Computer equipment and software

 

 

3,453,042 

 

 

3,404,975 

Home office

 

 

3,842,361 

 

 

3,774,187 

Total cost

 

 

8,290,147 

 

 

8,399,946 

Accumulated depreciation

 

 

(4,815,812)

 

 

(4,896,042)

Net property and equipment

 

$

3,474,335 

 

$

3,503,904 



Summary of Components of Other Comprehensive Earnings





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three-Month Periods Ended June 30,



 

2018

 

2017



 

Pre-tax

 

Tax

 

After-tax

 

Pre-tax

 

Tax

 

After-tax

Other comprehensive earnings (loss),
  net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains and losses on investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding (losses) gains
  arising during the period

 

$

(74,733)

 

$

15,692 

 

$

(59,041)

 

$

764,541 

 

$

(259,944)

 

$

504,597 

Reclassification adjustment for

  (gains) losses included in net earnings

 

 

29,930 

 

 

(6,285)

 

 

23,645 

 

 

57,319 

 

 

(19,489)

 

 

37,830 

Total other comprehensive (loss) earnings

 

$

(44,803)

 

$

9,407 

 

$

(35,396)

 

$

821,860 

 

$

(279,433)

 

$

542,427 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Six-Month Periods Ended June 30,



 

2018

 

2017



 

Pre-tax

 

Tax

 

After-tax

 

Pre-tax

 

Tax

 

After-tax

Other comprehensive earnings (loss),
  net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains and losses on investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding (losses) gains
  arising during the period

 

$

(2,222,069)

 

$

466,634 

 

$

(1,755,435)

 

$

1,291,868 

 

$

(439,235)

 

$

852,633 

Reclassification adjustment for
  (gains) losses included in net earnings

 

 

(1,072,200)

 

 

225,162 

 

 

(847,038)

 

 

(387,462)

 

 

131,737 

 

 

(255,725)

Total other comprehensive (loss) earnings

 

$

(3,294,269)

 

$

691,796 

 

$

(2,602,473)

 

$

904,406 

 

$

(307,498)

 

$

596,908 



Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnins



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts Reclassified from

Accumulated Other Comprehensive Earnings

Details about Accumulated Other

 

Three-Month Periods Ended June 30,

 

Six-Month Periods Ended June 30,

 

Affected Line Item in the Statement

Comprehensive Earnings Component

 

2018

 

2017

 

2018

 

2017

 

where Net Earnings is Presented

Unrealized gains (losses) on AFS investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

$

29,930 

 

$

 

$

(1,072,200)

 

$

(444,778)

 

Net realized invesment losses (gains)



 

 

 —

 

 

57,316 

 

 

 —

 

 

57,316 

 

Other-than-temporary impairment losses



 

 

(6,285)

 

 

(19,489)

 

 

225,162 

 

 

131,737 

 

Income tax (benefit) expense

Total reclassification adjustment, net of tax

 

$

23,645 

 

$

37,830 

 

$

(847,038)

 

$

(255,725)