Reinsurance (Tables)

6 Months Ended

Jun. 30, 2022

Reinsurance [Abstract]

Summary of the Effects of Reinsurance

 

	Three-Month Periods Ended June 30,
	2022		2021
WRITTEN
Direct	$	21,228,432	$	18,516,434
Reinsurance assumed		32,410		(34,245)
Reinsurance ceded		(2,266,365)		(2,898,257)
Net	$	18,994,477	$	15,583,932
EARNED
Direct	$	19,231,944	$	15,576,595
Reinsurance assumed		25,851		(26,862)
Reinsurance ceded		(2,233,153)		(2,816,926)
Net	$	17,024,642	$	12,732,807
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	15,524,735	$	12,038,753
Reinsurance assumed		2,284		(15,194)
Reinsurance ceded		(1,718,414)		(3,359,279)
Net	$	13,808,605	$	8,664,280

	Six-Month Periods Ended June 30,
	2022		2021
WRITTEN
Direct	$	40,794,615	$	33,688,469
Reinsurance assumed		69,358		(6,347)
Reinsurance ceded		(4,536,993)		(5,371,425)
Net	$	36,326,980	$	28,310,697
EARNED
Direct	$	37,496,644	$	30,058,645
Reinsurance assumed		67,479		11,960
Reinsurance ceded		(4,522,804)		(5,289,085)
Net	$	33,041,319	$	24,781,520
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	$	28,137,877	$	22,806,187
Reinsurance assumed		47,693		10,251
Reinsurance ceded		(4,181,764)		(6,349,452)
Net	$	24,003,806	$	16,466,986