XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]        
Net premiums earned $ 13,094,222 $ 11,485,071 $ 25,540,136 $ 22,782,015
Net investment income 800,130 685,492 1,595,503 1,388,376
Net realized investment gains (losses) 647,068 (29,930) 599,642 1,072,200
Net unrealized losses on equity securities (116,691)   1,723,727  
Other income (loss) 122,812 (507) 68,925 56,171
Consolidated revenues 14,547,541 12,140,126 29,527,933 25,298,762
Losses and settlement expenses 8,900,732 7,790,587 18,508,022 15,786,436
Policy acquisition costs and other operating expenses 4,958,594 4,476,071 9,808,780 8,613,422
Interest (income) expense on debt 31,881 27,621 63,895 75,782
General corporate expenses 137,290 133,806 280,451 270,056
Total expenses 14,028,497 12,428,085 28,661,148 24,745,696
Earnings (loss) before income taxes 519,044 (287,959) 866,785 553,066
Total income tax expense (benefit) 76,953 (79,420) 135,946 85,778
Net earnings (loss) 442,091 (208,539) 730,839 467,288
Other comprehensive earnings (loss), net of tax 1,245,804 (35,396) 2,720,013 (2,602,473)
Comprehensive earnings (loss) $ 1,687,895 $ (243,935) $ 3,450,852 $ (2,135,185)
Basic:        
Basic net earnings (loss) per share $ 0.15 $ (0.07) $ 0.24 $ 0.15
Diluted:        
Diluted net earnings (loss) per share $ 0.15 $ (0.07) $ 0.24 $ 0.15
Weighted average number of common shares outstanding:        
Basic 3,007,685 3,179,669 3,001,713 3,174,324
Diluted 3,010,712 3,180,679 3,004,739 3,175,334