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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]        
Net premiums earned $ 12,732,807 $ 11,374,746 $ 24,781,520 $ 24,388,735
Net investment income 783,718 908,550 1,585,124 1,743,950
Net realized investment gains (losses) 349,906 (438,619) 536,615 (342,987)
Net unrealized gains (losses) on equity securities 728,819 2,709,763 1,605,135 (979,584)
Other income 91,318 69,069 138,034 119,267
Consolidated revenues 14,686,568 14,623,509 28,646,428 24,929,381
Losses and settlement expenses 8,664,280 9,208,484 16,466,986 17,050,566
Policy acquisition costs and other operating expenses 5,047,023 4,254,266 9,514,601 9,019,240
Interest expense on debt 58,014 56,721 111,716 92,049
General corporate expenses 196,133 125,335 360,117 299,756
Total expenses 13,965,450 13,644,806 26,453,420 26,461,611
Earnings (loss) before income taxes 721,118 978,703 2,193,008 (1,532,230)
Total income tax expense (benefit) 158,450 196,738 468,401 (340,899)
Net earnings (loss) 562,668 781,965 1,724,607 (1,191,331)
Other comprehensive (loss) earnings, net of tax 1,080,987 3,524,729 (1,145,535) 1,813,883
Comprehensive earnings $ 1,643,655 $ 4,306,694 $ 579,072 $ 622,552
Basic:        
Basic net earnings (loss) per share $ 0.18 $ 0.26 $ 0.57 $ (0.39)
Diluted:        
Diluted net earnings (loss) per share $ 0.18 $ 0.26 $ 0.57 $ (0.39)
Weighted average number of common shares outstanding:        
Basic 3,051,010 3,029,693 3,037,738 3,019,788
Diluted 3,064,455 3,036,116 3,051,183 3,026,210