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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]        
Net premiums earned $ 17,024,642 $ 12,732,807 $ 33,041,319 $ 24,781,520
Net investment income 952,189 783,718 1,869,270 1,585,124
Net realized investment gains 536,809 349,906 744,394 536,615
Net unrealized (losses) gains on equity securities (3,804,511) 728,819 (5,097,203) 1,605,135
Other income 88,226 91,318 247,657 138,034
Consolidated revenues 14,797,355 14,686,568 30,805,437 28,646,428
Losses and settlement expenses 13,808,605 8,664,280 24,003,806 16,466,986
Policy acquisition costs and other operating expenses 6,002,808 5,047,023 11,775,208 9,514,601
Interest expense on debt 42,241 58,014 103,252 111,716
General corporate expenses 184,503 196,133 373,918 360,117
Total expenses 20,038,157 13,965,450 36,256,184 26,453,420
(Loss) earnings before income taxes (5,240,802) 721,118 (5,450,747) 2,193,008
Total income tax (benefit) expense (1,112,035) 158,450 (1,161,840) 468,401
Net (loss) earnings (4,128,767) 562,668 (4,288,907) 1,724,607
Unrealized gains and losses on fixed maturity securities:        
Other comprehensive loss, net of tax (3,992,132) 1,080,987 (8,961,201) (1,145,535)
Comprehensive (loss) earnings $ (8,120,899) $ 1,643,655 $ (13,250,108) $ 579,072
Basic:        
Basic net (loss) earnings per share $ (1.35) $ 0.18 $ (1.40) $ 0.57
Diluted:        
Diluted net (loss) earnings per share $ (1.34) $ 0.18 $ (1.40) $ 0.57
Weighted average number of common shares outstanding:        
Basic 3,069,430 3,051,010 3,061,119 3,037,738
Diluted 3,082,000 3,064,455 3,073,689 3,051,183