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Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]    
Net premiums earned $ 49,689,202 $ 52,841,766
Net investment income 3,497,702 3,185,153
Net realized investment (losses) gains (245,323) 1,200,765
Net unrealized gains on equity securities 2,167,417 2,350,513
Gain on extinguishment of debt 1,641,299  
Other loss (231,024) (53,297)
Consolidated revenues 56,519,273 59,524,900
Losses and settlement expenses 32,561,988 33,714,837
Policy acquisition costs and other operating expenses 18,529,446 20,020,005
Interest expense on debt 207,719 128,790
General corporate expenses 641,763 579,708
Total expenses 51,940,916 54,443,340
Earnings before income taxes 4,578,357 5,081,560
Income tax expense:    
Current 537,078 568,893
Deferred 509,915 218,322
Total income tax expense 1,046,993 787,215
Net earnings $ 3,531,364 $ 4,294,345
Basic:    
Basic net earnings per share $ 1.17 $ 1.43
Diluted:    
Diluted net earnings per share $ 1.16 $ 1.42
Weighted average number of common shares outstanding:    
Basic 3,027,903 3,008,564
Diluted 3,041,898 3,013,867
Net earnings $ 3,531,364 $ 4,294,345
Unrealized gains and losses on investments:    
Unrealized holding gains arising during the period, net of income tax expense of $802,634 in 2020 and $902,092 in 2019 3,019,434 3,393,585
Reclassification adjustment for gains included in net income, net of income tax expense of $120,492 in 2020 and $59,802 in 2019 (453,279) (224,970)
Total other comprehensive earnings 2,566,155 3,168,615
Comprehensive earnings $ 6,097,519 $ 7,462,960