Reinsurance (Tables)

9 Months Ended

Sep. 30, 2019

Reinsurance [Abstract]

Summary of the Effects of Reinsurance

	Three-Month Periods Ended September 30,
	2019		2018
WRITTEN
Direct	$	16,305,222	$	16,170,176
Reinsurance assumed		70,200		16,199
Reinsurance ceded		(2,410,170)		(2,988,813)
Net	$	13,965,252	$	13,197,562
EARNED
Direct	$	16,007,232	$	15,088,986
Reinsurance assumed		64,863		17,500
Reinsurance ceded		(2,392,349)		(2,968,796)
Net	$	13,679,746	$	12,137,690
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	13,034,216	$	10,513,847
Reinsurance assumed		36,297		36,653
Reinsurance ceded		(3,461,166)		(1,938,927)
Net	$	9,609,347	$	8,611,573

	Nine-Month Periods Ended September 30,
	2019		2018
WRITTEN
Direct	$	48,349,466	$	46,582,507
Reinsurance assumed		178,446		108,686
Reinsurance ceded		(7,730,458)		(8,379,524)
Net	$	40,797,454	$	38,311,669
EARNED
Direct	$	46,710,351	$	42,751,784
Reinsurance assumed		174,583		116,663
Reinsurance ceded		(7,665,052)		(7,948,742)
Net	$	39,219,882	$	34,919,705
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	$	37,778,378	$	29,111,003
Reinsurance assumed		119,498		71,410
Reinsurance ceded		(9,780,507)		(4,784,404)
Net	$	28,117,369	$	24,398,009