Reinsurance (Tables)

6 Months Ended

Jun. 30, 2020

Reinsurance [Abstract]

Summary of the Effects of Reinsurance

	Three-Month Periods Ended June 30,
	2020		2019
WRITTEN
Direct	$	14,911,845	$	16,785,541
Reinsurance assumed		25,839		63,111
Reinsurance ceded		(3,215,430)		(2,485,245)
Net	$	11,722,254	$	14,363,407
EARNED
Direct	$	14,521,350	$	15,465,164
Reinsurance assumed		20,347		54,348
Reinsurance ceded		(3,166,951)		(2,425,290)
Net	$	11,374,746	$	13,094,222
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	18,072,820	$	10,027,809
Reinsurance assumed		11,818		36,895
Reinsurance ceded		(8,876,154)		(1,163,972)
Net	$	9,208,484	$	8,900,732

	Six-Month Periods Ended June 30,
	2020		2019
WRITTEN
Direct	$	29,706,379	$	32,044,244
Reinsurance assumed		63,373		108,246
Reinsurance ceded		(5,592,974)		(5,320,288)
Net	$	24,176,778	$	26,832,202
EARNED
Direct	$	29,884,164	$	30,703,119
Reinsurance assumed		65,296		109,721
Reinsurance ceded		(5,560,725)		(5,272,704)
Net	$	24,388,735	$	25,540,136
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	$	26,834,499	$	24,744,162
Reinsurance assumed		38,336		83,201
Reinsurance ceded		(9,822,269)		(6,319,341)
Net	$	17,050,566	$	18,508,022