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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net earnings $ 893,296 $ 707,851
Adjustments to reconcile net earnings to net cash provided by operating activities    
Net realized investment gains (975,993) (1,064,577)
Other-than-temporary impairment losses 16,178 57,316
Depreciation 733,493 822,621
Deferred income tax 340,124 175,085
Amortization of bond premium and discount 296,050 334,150
Stock-based compensation expense 406,498  
Change in:    
Accrued investment income 39,132 (163,297)
Premiums and reinsurance balances receivable, (net) (2,391,082) (1,533,775)
Ceded unearned premiums (521,093) (4,221)
Reinsurance balances payable 665,521 217,693
Reinsurance balances recoverable 3,293,870 2,085,164
Deferred policy acquisition costs (654,773) (429,488)
Unpaid losses and settlement expenses 373,314 (1,743,128)
Unearned premiums 3,417,041 1,777,870
Accrued expenses 262,216 (553,040)
Current federal income tax (274,124) (423,895)
Other (146,185) 472,340
Net cash provided by operating activities 5,773,483 734,669
Purchases of:    
Fixed maturity securities, available-for-sale (18,697,057) (32,572,815)
Other invested assets (54,200)  
Property held for investment (555,371) (995,355)
Property and equipment (497,011) (532,374)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 16,966,599 7,431,133
Property and equipment 30,277 1,596
Net cash used in investing activities (4,150,621) (27,874,326)
Cash flows from financing activities:    
Net proceeds received from issuance of shares of common stock   29,087,070
Proceeds from loans   3,499,149
Repayments of borrowed funds (854,602) (2,946,890)
Purchase of common stock (2,999,995)  
Net cash (used in) provided by financing activities (3,854,597) 29,639,329
Net (decrease) increase in cash and cash equivalents (2,231,735) 2,499,672
Cash and cash equivalents at beginning of year 6,876,519 4,376,847
Cash and cash equivalents at end of period 4,644,784 6,876,519
Supplemental information:    
Federal income tax paid   600,000
Interest paid 173,053 192,197
Common Stocks [Member]    
Purchases of:    
Equity securities, available-for-sale (16,974,453) (5,834,828)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale 11,843,798 5,481,197
Preferred Stocks [Member]    
Purchases of:    
Equity securities, available-for-sale (140,925) (1,112,999)
Proceeds from sales, maturities and calls of:    
Equity securities, available-for-sale $ 3,927,722 $ 260,119