Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Summary of Significant Accounting Policies [Abstract]

Summary of Property, Plant and Equipment

	As of
	June 30,		December 31,
	2022		2021
Automobiles	$	494,770	$	507,889
Furniture and fixtures		516,741		512,268
Computer equipment and software		4,555,944		4,350,118
Home office		4,016,998		4,016,998
Total cost		9,584,453		9,387,273
Accumulated depreciation		(6,378,208)		(6,243,055)
Net property and equipment	$	3,206,245	$	3,144,218

Accumulated Other Comprehensive Earnings (Loss)

	Six-Months Ended June 30,
	2022		2021
Beginning balance	$	2,920,027	$	5,520,091
Other comprehensive loss before reclassification		(8,961,697)		(1,137,734)
Amount reclassified from accumulated other comprehensive loss		496		(7,801)
Net current period other comprehensive loss		(8,961,201)		(1,145,535)
Ending balance	$	(6,041,174)	$	4,374,556

Summary of Components of Other Comprehensive Earnings

	Three-Month Periods Ended June 30,
	2022						2021
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Other comprehensive (loss) earnings, net of tax
Unrealized gains and losses on AFS investments:
Unrealized holding (losses) gains arising during the period	$	(5,063,685)	$	1,063,373	$	(4,000,312)	$	1,376,922	$	(289,153)	$	1,087,769
Reclassification adjustment for losses (gains) included in net earnings		10,355		(2,175)		8,180		(8,584)		1,802		(6,782)
Total other comprehensive (loss) earnings	$	(5,053,330)	$	1,061,198	$	(3,992,132)	$	1,368,338	$	(287,351)	$	1,080,987

	Six-Month Periods Ended June 30,
	2022						2021
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Other comprehensive (loss) earnings, net of tax
Unrealized gains and losses on AFS investments:
Unrealized holding losses arising during the period	$	(11,343,920)	$	2,382,223	$	(8,961,697)	$	(1,440,170)	$	302,436	$	(1,137,734)
Reclassification adjustment for losses (gains) included in net earnings		628		(132)		496		(9,874)		2,073		(7,801)
Total other comprehensive loss	$	(11,343,292)	$	2,382,091	$	(8,961,201)	$	(1,450,044)	$	304,509	$	(1,145,535)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnings

Amounts Reclassified from
Accumulated Other Comprehensive Earnings
	Three-Month Periods Ended				Six-Month Periods Ended
Details about Accumulated Other	June 30,				June 30,				Affected Line Item in the Statement
Comprehensive Earnings Component	2022		2021		2022		2021		where Net Earnings is Presented
Unrealized losses (gains) on AFS investments:
	$	10,355	$	(8,584)	$	628	$	(9,874)	Net realized investment losses (gains)
		(2,175)		1,802		(132)		2,073	Income tax expense
Total reclassification adjustment, net of tax	$	8,180	$	(6,782)	$	496	$	(7,801)