Investments (Tables)

12 Months Ended

Dec. 31, 2018



	2018		2017
AFS, fixed maturity securities	$	2,943,083	$	2,500,136
Investment property		555,350		449,990
AFS, equity securities		266,531		434,950
Cash and short-term investments		25,303		42,426
Investment revenue		3,790,266		3,427,502
Less investment expenses		(900,000)		(795,004)
Net investment income	$	2,890,266	$	2,632,498

Summary of Recognized Impairments


							Net realized
	Proceeds		Gains		Losses		gain
2018
Fixed maturity securities	$	16,966,599	$	122,900	$	(78,194)	$	44,706
Common stocks		11,843,798		1,290,148		(363,094)		927,054
Preferred stocks		3,927,722		86,862		(82,629)		4,233
2017
Fixed maturity securities	$	7,431,133	$	29,436	$	(21)	$	29,415
Common stocks		5,481,197		1,025,909		(2,753)		1,023,156
Preferred stocks		260,119		12,006		—		12,006

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



	Amortized Cost		Fair Value
Due in one year or less	$	2,242,382	$	2,234,271
Due after one year through five years		23,154,845		23,169,046
Due after five years through 10 years		13,837,642		13,902,040
Due after 10 years		15,645,904		15,876,778
Asset and mortgage backed securities without a specific due date		34,372,133		33,799,024
Total fixed maturity securities	$	89,252,906	$	88,981,159

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	$	1,348,575	$	1,328,925	$	—	$	(19,650)
MBS/ABS/CMBS		34,372,133		33,799,024		33,955		(607,064)
Corporate		37,383,903		37,366,690		376,029		(393,242)
Municipal		16,148,295		16,486,520		398,569		(60,344)
Total fixed maturity securities		89,252,906		88,981,159		808,553		(1,080,300)
Equity securities:
Common stocks		13,572,713		11,843,223		406,812		(2,136,302)
Total equity securities		13,572,713		11,843,223		406,812		(2,136,302)
Total AFS securities	$	102,825,619	$	100,824,382	$	1,215,365	$	(3,216,602)



	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



	December 31, 2018						December 31, 2017
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
U.S. Treasury
Fair value	$	—	$	1,328,925	$	1,328,925	$	1,038,297	$	295,428	$	1,333,725
Cost or amortized cost		—		1,348,575		1,348,575		1,046,508		300,204		1,346,712
Unrealized loss		—		(19,650)		(19,650)		(8,211)		(4,776)		(12,987)

MBS/ABS/CMBS
Fair value		16,890,857		11,956,493		28,847,350		9,754,119		7,445,071		17,199,190
Cost or amortized cost		17,039,357		12,415,057		29,454,414		9,778,528		7,645,085		17,423,613
Unrealized loss		(148,500)		(458,564)		(607,064)		(24,409)		(200,014)		(224,423)

Corporate
Fair value		14,304,322		5,745,289		20,049,611		5,583,942		2,023,856		7,607,798
Cost or amortized cost		14,550,153		5,892,700		20,442,853		5,610,093		2,048,963		7,659,056
Unrealized loss		(245,831)		(147,411)		(393,242)		(26,151)		(25,107)		(51,258)

Municipal
Fair value		3,069,720		838,980		3,908,700		478,019		1,171,520		1,649,539
Cost or amortized cost		3,100,036		869,008		3,969,044		479,904		1,186,663		1,666,567
Unrealized loss		(30,316)		(30,028)		(60,344)		(1,885)		(15,143)		(17,028)

Subtotal, fixed income
Fair value		34,264,899		19,869,687		54,134,586		16,854,377		10,935,875		27,790,252
Cost or amortized cost		34,689,546		20,525,340		55,214,886		16,915,033		11,180,915		28,095,948
Unrealized loss		(424,647)		(655,653)		(1,080,300)		(60,656)		(245,040)		(305,696)

Common stock
Fair value		8,187,764				8,187,764		637,100		—		637,100
Cost or amortized cost		10,324,066		—		10,324,066		654,800		—		654,800
Unrealized loss		(2,136,302)		—		(2,136,302)		(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		42,452,663		19,869,687		62,322,350		18,334,007		11,456,585		29,790,592
Cost or amortized cost		45,013,612		20,525,340		65,538,952		18,440,588		11,721,336		30,161,924
Unrealized loss	$	(2,560,949)	$	(655,653)	$	(3,216,602)	$	(106,581)	$	(264,751)	$	(371,332)