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Consolidated Statements of Earnings and Comprehensive Earnings (Loss) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statements of Earnings and Comprehensive Earnings (Loss) [Abstract]    
Net premiums earned $ 52,841,766 $ 47,116,961
Net investment income 3,185,153 2,890,266
Net realized investment gains 1,200,765 975,993
Other-than-temporary impairment losses   (16,178)
Other (loss) income (53,297) 196,649
Consolidated revenues 59,524,900 51,163,691
Losses and settlement expenses 33,714,837 31,262,462
Policy acquisition costs and other operating expenses 20,020,005 18,214,983
Interest expense on debt 128,790 140,877
General corporate expenses 579,708 545,986
Total expenses 54,443,340 50,164,308
Earnings before income taxes 5,081,560 999,383
Income tax expense (benefit):    
Current 568,893 (234,037)
Deferred 218,322 340,124
Total income tax expense 787,215 106,087
Net earnings $ 4,294,345 $ 893,296
Basic:    
Basic net earnings per share $ 1.43 $ 0.29
Diluted:    
Diluted net earnings per share $ 1.42 $ 0.29
Weighted average number of common shares outstanding:    
Basic 3,008,564 3,119,968
Diluted 3,013,867 3,121,140
Net earnings $ 4,294,345 $ 893,296
Unrealized gains and losses on investments:    
Unrealized holding gains (losses) arising during the period, net of income tax expense (benefit) of $617,319 in 2019 and $(810,701) in 2018 3,393,585 (3,049,791)
Reclassification adjustment for (gains) included in net income, net of income tax expense of $59,802 in 2019 and $201,561 in 2018 (224,970) (758,254)
Total other comprehensive earnings (loss) 3,168,615 (3,808,045)
Comprehensive earnings (loss) $ 7,462,960 $ (2,914,749)