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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (469,158) $ (1,145,645)
Adjustments to reconcile net loss to net cash used in operating activities:    
Deferred income taxes (168,927) 46,421
Net realized loss (gain) on sales of investments 179,944 (57,600)
Unrealized (gain) loss on equity securities (1,205,213) 34,350
Amortization of bond premiums 113,397 131,808
Depreciation and amortization expense 26,467 67,645
Changes in operating assets and liabilities:    
Accrued investment income (1,747) (46,123)
Premiums receivable 2,101,019 2,573,911
Reinsurance recoverable (1,684,074) 610,961
Income taxes recoverable 313 (384,373)
Unearned ceded premiums (991,017) (624,014)
Deferred acquisition costs 326,736 179,575
Prepaid management fee (9,642,857)  
Other assets (74,497) 4,744
Losses and loss adjustment expenses (900,573) 1,041,367
Unearned premiums (448,072) (775,197)
Reinsurance payable 160,454 91,345
Accounts payable, accrued expenses, and other liabilities (1,582,498) (2,227,817)
Due to affiliates (107,022) (359,458)
Net cash flows used in operating activities (14,367,325) (838,100)
Cash flows from investing activities:    
Proceeds from sales of bond securities 5,993,685 12,498,839
Proceeds from sales of equity securities 1,313,230 317,701
Purchases of bond securities (5,786,607) (10,102,743)
Purchases of equity securities (534,224) (807,781)
Net sales (purchases) of short-term investments 300,000 (699,568)
Net cash flows provided by investing activities 1,286,084 1,206,448
Cash flows from financing activities    
Proceeds from issuance of common stock 33,574,401  
Payments of notes payable (30,937) (29,675)
Net cash flows provided by (used in) financing activities 33,543,464 (29,675)
Net change in cash and cash equivalents 20,462,223 338,673
Cash and cash equivalents, at beginning of period 3,903,620 8,196,226
Cash and cash equivalents, at end of period 24,365,843 8,534,899
Cash paid during the period for interest $ 2,261 $ 3,523