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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net earnings $ 288,748 $ 675,827
Adjustments to reconcile net earnings to net cash provided by operating activities    
Net realized investment losses (gains) 47,426 (1,102,130)
Net unrealized gains on equity securities (1,840,418)  
Depreciation 199,126 131,273
Deferred income tax 375,879 12,135
Amortization of bond premium and discount 57,625 87,514
Stock-based compensation expense 98,203  
Change in:    
Accrued investment income (33,248) (16,348)
Premiums and reinsurance balances receivable (676,696) (921,039)
Ceded unearned premiums 12,371 (219,051)
Reinsurance balances payable 3,551,227 355,594
Reinsurance balances recoverable (8,372,725) 265,496
Deferred policy acquisition costs 3,718 72,825
Unpaid losses and settlement expenses 9,569,902 369,977
Unearned premiums 10,510 895,609
Accrued expenses (1,965,886) (1,802,486)
Current federal income tax (152,343) 127,018
Other (45,124) (430,656)
Net cash provided by (used in) operating activities 1,128,295 (1,498,442)
Purchases of:    
Fixed maturity securities (4,902,758) (6,227,279)
Other invested assets (104,000) (39,200)
Property held for investment (50) (33,703)
Property and equipment (75,726) (165,674)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities 5,778,893 4,070,941
Property and equipment 5,268 44,536
Net cash provided by (used in) investing activities 637,473 (3,098,100)
Cash flows from financing activities:    
Net proceeds received from issuance of shares of common stock   96,535
Repayments of borrowed funds   (848,132)
Purchase of common stock (1,400)  
Net cash used in financing activities (1,400) (751,597)
Net increase (decrease) in cash and cash equivalents 1,764,368 (5,348,139)
Cash and cash equivalents at beginning of year 4,644,784 6,876,519
Cash and cash equivalents at end of period 6,409,153 1,528,380
Supplemental information:    
Federal income tax paid 164,543  
Interest paid   80,394
Common Stocks [Member]    
Purchases of:    
Equity securities (617,566) (13,061,846)
Proceeds from sales, maturities and calls of:    
Equity securities $ 553,413 8,593,328
Preferred Stocks [Member]    
Purchases of:    
Equity securities   (140,925)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities   $ 3,861,722