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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net earnings $ 4,294,345 $ 893,296
Adjustments to reconcile net earnings to net cash provided by operating activities    
Net realized investment gains (1,200,765) (975,993)
Other-than-temporary impairment losses   16,178
Net unrealized gains on equity securities (2,350,513)  
Depreciation 794,506 733,493
Deferred income tax 218,322 340,124
Amortization of bond premium and discount 257,685 296,050
Stock-based compensation expense 432,156 406,498
Change in:    
Accrued investment income 1,817 39,132
Premiums and reinsurance balances receivable (964,182) (2,391,082)
Ceded unearned premiums (26,753) (521,093)
Reinsurance balances payable (618,006) 665,521
Reinsurance balances recoverable (4,300,206) 3,293,870
Deferred policy acquisition costs (22,068) (654,773)
Unpaid losses and settlement expenses 5,390,867 373,314
Unearned premiums 420,194 3,417,041
Accrued expenses (319,230) 262,216
Current federal income tax 654,712 (274,124)
Other (131,331) (146,185)
Net cash provided by operating activities 2,531,550 5,773,483
Purchases of:    
Fixed maturity securities, available-for-sale (26,101,621) (18,697,057)
Other invested assets (738,300) (54,200)
Property held for investment (876,833) (555,371)
Property and equipment (444,430) (497,011)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 27,033,200 16,966,599
Property and equipment 58,779 30,277
Net cash used in investing activities (393,650) (4,150,621)
Cash flows from financing activities:    
Repayments of borrowed funds (9,518) (854,602)
Purchase of common stock (146,581) (2,999,995)
Net cash used in financing activities (156,099) (3,854,597)
Net increase (decrease) in cash and cash equivalents 1,981,801 (2,231,735)
Cash and cash equivalents at beginning of year 4,644,784 6,876,519
Cash and cash equivalents at end of period 6,626,585 4,644,784
Supplemental information:    
Federal income tax paid 164,543  
Interest paid 128,800 173,053
Common Stocks [Member]    
Purchases of:    
Equity securities (7,563,198) (16,974,453)
Proceeds from sales, maturities and calls of:    
Equity securities $ 8,238,753 11,843,798
Preferred Stocks [Member]    
Purchases of:    
Equity securities   (140,925)
Proceeds from sales, maturities and calls of:    
Equity securities   $ 3,927,722