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Consolidated and Combined Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Assets    
Available-for-sale fixed maturity securities, at fair value $ 95,748,042 $ 85,206,669
Equity securities, at fair value 7,756,966 7,267,094
Other investments, at net asset value   4,051,399
Short-term investments, at fair value 1,169,472 373,949
Total investments 104,674,480 96,899,111
Cash and cash equivalents 20,988,081 3,903,620
Accrued investment income 699,087 627,213
Premiums receivable 7,383,876 6,623,172
Reinsurance recoverable 7,850,409 7,956,043
Income taxes recoverable 1,313,935 1,297,757
Unearned ceded premiums 1,181,345 573,379
Deferred acquisition costs 2,584,486 3,985,193
Deferred income taxes 891,584 1,676,091
Prepaid management fee 8,928,571  
Other assets 124,507 486,615
Total assets 156,620,361 124,028,194
Liabilities    
Losses and loss adjustment expenses 63,607,975 68,392,333
Unearned premiums 12,783,124 13,202,626
Reinsurance payable 1,961,653 1,203,027
Accounts payable, accrued expenses, and other liabilities 5,009,346 3,805,354
Note payable 64,858 127,327
Due to affiliates   309,310
Total liabilities 83,426,956 87,039,977
Stockholders' Equity    
Common stock, $0.01 par value, 10,000,000 shares authorized; 3,615,500 shares issued and outstanding 36,155  
Additional paid-in capital 49,421,081 15,882,835
Retained earnings 22,096,447 22,335,398
Accumulated other comprehensive income (loss) 1,639,722 (1,230,016)
Total stockholders' equity 73,193,405 36,988,217
Total liabilities and stockholders' equity $ 156,620,361 $ 124,028,194