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Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]    
Net premiums earned $ 53,893,020 $ 49,689,202
Net investment income 3,414,408 3,497,702
Net realized investment gains (losses) 982,547 (245,323)
Net unrealized gains on equity securities 2,801,991 2,167,417
Gain on extinguishment of debt   1,641,299
Other income (loss) 348,709 (231,024)
Consolidated revenues 61,440,675 56,519,273
Losses and settlement expenses 34,699,543 32,561,988
Policy acquisition costs and other operating expenses 20,824,900 18,529,446
Interest expense on debt 235,001 207,719
General corporate expenses 723,350 641,763
Total expenses 56,482,794 51,940,916
Earnings before income taxes 4,957,881 4,578,357
Income tax expense:    
Current 400,355 537,078
Deferred 414,747 509,915
Total income tax expense 815,102 1,046,993
Net earnings $ 4,142,779 $ 3,531,364
Basic:    
Basic net earnings per share $ 1.36 $ 1.17
Diluted:    
Diluted net earnings per share $ 1.35 $ 1.16
Weighted average number of common shares outstanding:    
Basic 3,047,433 3,027,903
Diluted 3,065,025 3,041,898
Unrealized gains and losses on fixed maturity securities:    
Unrealized holding (losses) gains arising during the period, net of income tax (benefit) expense of $(641,107) in 2021 and $802,634 in 2020 $ (2,411,782) $ 3,019,434
Reclassification adjustment for gains included in net income, net of income tax expense of $50,050 in 2021 and $120,492 in 2020 (188,282) (453,279)
Total other comprehensive (loss) earnings (2,600,064) 2,566,155
Comprehensive earnings $ 1,542,715 $ 6,097,519