Reinsurance (Tables)

12 Months Ended

Dec. 31, 2019

Insurance [Abstract]

Schedule of Reinsurance Recoverable Balances Due From Unaffiliated Reinsurer

As of December 31, 2019, the Company had reinsurance recoverable balances due from the following unaffiliated reinsurer in excess of 5% of shareholders’ equity:

	Reinsurance Recoverable		Collateral
Hannover Re	$	6,199,000	$	5,419,000

Schedule of Effect of Reinsurance on Premiums Written, Amounts Earned, and Losses Incurred

The effect of reinsurance on premiums written, amounts earned, and losses incurred for the years ended December 31, 2019 and 2018 is as follows:

	Year Ended December 31,
	2019		2018
Premiums written:
Direct	$	26,717,701	$	25,323,049
Ceded		4,044,207		3,700,189
Premiums written, net of reinsurance	$	22,673,494	$	21,622,860
Premiums earned:
Direct	$	27,137,204	$	27,435,509
Ceded		3,436,241		3,847,675
Premiums earned, net of reinsurance	$	23,700,963	$	23,587,834
Losses and loss adjustment expenses incurred:
Direct	$	19,145,058	$	21,879,774
Ceded		3,570,449		2,296,556
Losses and loss adjustment expenses incurred, net of    Reinsurance	$	15,574,609	$	19,583,218