Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Assets
Fixed-maturity securities, held-to-maturity, at amortized cost (fair value of $5,959,265 at December 31, 2024 and $6,106,148 at December 31, 2023)	$ 7,047,342	$ 7,052,541
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $202,308,158 at December 31, 2024 and $164,460,942 at December 31, 2023)	186,893,438	148,920,797
Equity securities, at fair value (cost of $13,527,554 at December 31, 2024 and $17,986,783 at December 31, 2023)	10,296,505	14,762,340
Other investments	4,380,656	3,897,150
Total investments	208,617,941	174,632,828
Cash and cash equivalents	28,669,441	8,976,998
Premiums receivable, net of allowance for credit losses of $402,290 at December 31, 2024 and $268,617 at December 31, 2023	21,766,988	13,604,808
Reinsurance receivables, net	69,322,436	75,593,912
Deferred policy acquisition costs	24,732,371	19,802,564
Intangible assets	500,000	500,000
Property and equipment, net	9,283,970	9,395,697
Deferred income taxes, net	5,597,920	10,551,819
Other assets	6,424,776	4,574,584
Total assets	374,915,843	317,633,210
Liabilities
Loss and loss adjustment expense reserves	126,210,428	121,817,862
Unearned premiums	134,701,733	105,621,538
Advance premiums	3,503,063	3,797,590
Reinsurance balances payable	10,509,121	12,837,140
Deferred ceding commission revenue	11,541,239	9,460,865
Accounts payable, accrued expenses and other liabilities	10,570,388	4,350,546
Debt, net (Current $6,849,257 and long-term $4,322,163 at December 31, 2024 and current $19,580,109 and long-term $5,663,421 at December 31, 2023)	11,171,420	25,243,530
Total liabilities	308,207,392	283,129,071
Commitments and Contingencies (Note 17)
Stockholders' Equity
Preferred stock, $0.01 par value; authorized 2,500,000 shares	0	0
Common stock, $0.01 par value; authorized 20,000,000 shares; issued 14,448,205 shares at December 31, 2024 and 12,248,313 shares at December 31, 2023; outstanding 12,924,080 shares at December 31, 2024 and 10,776,907 shares at December 31, 2023	144,482	122,483
Capital in excess of par	89,063,326	75,338,010
Accumulated other comprehensive loss	(12,175,476)	(12,274,563)
Accumulated deficit	(4,755,874)	(23,114,310)
Stockholders' Equity before treasury stock	72,276,458	40,071,620
Treasury stock, at cost	(5,568,007)	(5,567,481)
Total stockholders' equity	66,708,451	34,504,139
Total liabilities and stockholders' equity	$ 374,915,843	$ 317,633,210