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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]    
Net premiums earned $ 12,048,713 $ 13,013,989
Net investment income 801,406 835,400
Net realized investment gains 186,709 95,632
Net unrealized gains (losses) on equity securities 876,316 (3,689,347)
Other income 46,716 50,198
Consolidated revenues 13,959,860 10,305,872
Losses and settlement expenses 7,802,706 7,842,082
Policy acquisition costs and other operating expenses 4,467,578 4,764,974
Interest expense on debt 53,702 35,328
General corporate expenses 163,982 174,421
Total expenses 12,487,968 12,816,805
Earnings (loss) before income taxes 1,471,892 (2,510,933)
Total income tax expense (benefit) 309,951 (537,637)
Net earnings (loss) 1,161,941 (1,973,296)
Other comprehensive loss, net of tax (2,226,522) (1,710,846)
Comprehensive loss $ (1,064,581) $ (3,684,142)
Basic:    
Basic net earnings (loss) per share $ 0.38 $ (0.65)
Diluted:    
Diluted net earnings (loss) per share $ 0.38 $ (0.65)
Weighted average number of common shares outstanding:    
Basic 3,034,233 3,016,062
Diluted 3,044,479 3,020,458