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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Summary of Significant Accounting Policies [Abstract]  
Summary of Property, Plant and Equipment



 

 

 

 

 

 

 

 

 

 

 

 

 



 

As of



 

September 30,

 

December 31,



 

2019

 

2018

Automobiles

 

$

600,117 

 

$

603,046 

Furniture and fixtures

 

 

450,834 

 

 

436,568 

Computer equipment and software

 

 

3,735,883 

 

 

3,542,339 

Home office

 

 

3,866,632 

 

 

3,849,947 

Total cost

 

 

8,653,466 

 

 

8,431,900 

Accumulated depreciation

 

 

(5,564,730)

 

 

(5,099,090)

Net property and equipment

 

$

3,088,736 

 

$

3,332,810 



Summary of Components of Other Comprehensive Earnings







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three-Month Periods Ended September 30,



 

2019

 

2018



 

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

 

$

890,152 

 

$

(116,415)

 

$

773,737 

 

$

284,725 

 

$

(59,794)

 

$

224,931 

Reclassification adjustment for

  (gains) losses included in net earnings

 

 

(89,262)

 

 

18,745 

 

 

(70,517)

 

 

(15,029)

 

 

3,157 

 

 

(11,872)

Total other comprehensive (loss) earnings

 

$

800,890 

 

$

(97,670)

 

$

703,220 

 

$

269,696 

 

$

(56,637)

 

$

213,059 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Nine-Month Periods Ended September 30,



 

2019

 

2018



 

Pre-tax

 

Tax

 

After-tax

 

Pre-tax

 

Tax

 

After-tax

Other comprehensive earnings (loss),
  net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains and losses on AFS investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses)
  arising during the period

 

$

4,333,205 

 

$

(721,632)

 

$

3,611,573 

 

$

(1,937,344)

 

$

406,840 

 

$

(1,530,504)

Reclassification adjustment for
  (gains) losses included in net earnings

 

 

(238,405)

 

 

50,065 

 

 

(188,340)

 

 

(1,087,229)

 

 

228,319 

 

 

(858,910)

Total other comprehensive earnings (loss)

 

$

4,094,800 

 

$

(671,567)

 

$

3,423,233 

 

$

(3,024,573)

 

$

635,159 

 

$

(2,389,414)



Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnings



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts Reclassified from

Accumulated Other Comprehensive Earnings



 

Three-Month Periods Ended

 

Nine-Month Period Ended

 

 

Details about Accumulated Other

 

September 30,

 

September 30,

 

Affected Line Item in the Statement

Comprehensive Earnings Component

 

2019

 

2018

 

2019

 

2018

 

where Net Earnings is Presented

Unrealized (gains) losses on AFS investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

$

(89,262)

 

$

(15,029)

 

$

(238,405)

 

$

(1,087,229)

 

Net realized investment (gains) losses



 

 

18,745 

 

 

3,157 

 

 

50,065 

 

 

228,319 

 

Income tax expense

Total reclassification adjustment, net of tax

 

$

(70,517)

 

$

(11,872)

 

$

(188,340)

 

$

(858,910)