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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]        
Net premiums earned $ 13,679,746 $ 12,137,690 $ 39,219,882 $ 34,919,705
Net investment income 811,462 735,683 2,406,965 2,124,059
Net realized investment gains 141,481 15,029 741,123 1,087,229
Net unrealized losses on equity securities (7,603)   1,716,124  
Other (loss) income (112,763) 74,051 (43,838) 130,222
Consolidated revenues 14,512,323 12,962,453 44,040,256 38,261,215
Losses and settlement expenses 9,609,347 8,611,573 28,117,369 24,398,009
Policy acquisition costs and other operating expenses 4,733,206 4,475,659 14,541,986 13,089,081
Interest expense on debt 32,458 32,553 96,353 108,335
General corporate expenses 164,378 128,803 444,829 398,859
Total expenses 14,539,389 13,248,588 43,200,537 37,994,284
Earnings (loss) before income taxes (27,066) (286,135) 839,719 266,931
Total income tax expense (benefit) (13,150) (77,569) 122,796 8,209
Net earnings (loss) (13,916) (208,566) 716,923 258,722
Other comprehensive earnings (loss), net of tax 703,220 213,059 3,423,233 (2,389,414)
Comprehensive earnings (loss) $ 689,304 $ 4,493 $ 4,140,156 $ (2,130,692)
Basic:        
Basic net earnings (loss) per share $ 0.00 $ (0.07) $ 0.24 $ 0.08
Diluted:        
Diluted net earnings (loss) per share $ 0.00 $ (0.07) $ 0.24 $ 0.08
Weighted average number of common shares outstanding:        
Basic 3,011,034 3,135,277 3,004,887 3,165,239
Diluted 3,015,038 3,136,764 3,008,891 3,166,726