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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CondensedConsolidated Statements of Earnings and Comprehensive Earnings [Abstract]        
Net premiums earned $ 11,374,746 $ 13,094,222 $ 24,388,735 $ 25,540,136
Net investment income 908,550 800,130 1,743,950 1,595,503
Net realized investment (losses) gains (438,619) 647,068 (342,987) 599,642
Net unrealized gains (losses) on equity securities 2,709,763 (116,691) (979,584) 1,723,727
Other income 69,069 122,812 119,267 68,925
Consolidated revenues 14,623,509 14,547,541 24,929,381 29,527,933
Losses and settlement expenses 9,208,484 8,900,732 17,050,566 18,508,022
Policy acquisition costs and other operating expenses 4,254,266 4,958,594 9,019,240 9,808,780
Interest expense on debt 56,721 31,881 92,049 63,895
General corporate expenses 125,335 137,290 299,756 280,451
Total expenses 13,644,806 14,028,497 26,461,611 28,661,148
Earnings before income taxes 978,703 519,044 (1,532,230) 866,785
Total income tax expense 196,738 76,953 (340,899) 135,946
Net earnings 781,965 442,091 (1,191,331) 730,839
Other comprehensive earnings, net of tax 3,524,729 1,245,804 1,813,883 2,720,013
Comprehensive earnings $ 4,306,694 $ 1,687,895 $ 622,552 $ 3,450,852
Basic:        
Basic net earnings per share $ 0.26 $ 0.15 $ (0.39) $ 0.24
Diluted:        
Diluted net earnings per share $ 0.26 $ 0.15 $ (0.39) $ 0.24
Weighted average number of common shares outstanding:        
Basic 3,029,693 3,007,685 3,019,788 3,001,713
Diluted 3,036,116 3,010,712 3,026,210 3,004,739