Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Assets
Fixed-maturity securities, held-to-maturity, at amortized cost (fair value of $5,137,267 at December 31, 2025 and $5,959,265 at December 31, 2024)	$ 6,042,348	$ 7,047,342
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $296,738,055 at December 31, 2025 and $202,308,158 at December 31, 2024)	289,037,190	186,893,438
Equity securities, at fair value (cost of $13,546,654 at December 31, 2025 and $13,527,554 at December 31, 2024)	10,056,595	10,296,505
Other investments	4,552,378	4,380,656
Total investments	309,688,511	208,617,941
Cash and cash equivalents	12,178,730	28,669,441
Premiums receivable, net of allowance for credit losses of $20,831 at December 31, 2025 and $402,290 at December 31, 2024	21,012,408	21,766,988
Reinsurance receivables, net	58,996,945	69,322,436
Prepaid reinsurance	2,142,329	0
Deferred policy acquisition costs	27,867,207	24,732,371
Intangible assets	500,000	500,000
Property and equipment, net	7,897,675	9,283,970
Deferred income taxes, net	4,179,559	5,597,920
Other assets	8,961,787	6,424,776
Total assets	453,425,151	374,915,843
Liabilities
Loss and loss adjustment expense reserves	140,538,618	126,210,428
Unearned premiums	154,028,072	134,701,733
Advance premiums	4,003,453	3,503,063
Reinsurance balances payable	5,232,319	10,509,121
Deferred ceding commission revenue	8,362,529	11,541,239
Accounts payable, accrued expenses and other liabilities	11,253,649	10,570,388
Income taxes payable	2,835,135	0
Debt, net (Current $1,296,900 and long-term $3,143,227 at December 31, 2025 and current $6,849,257 and long-term $4,322,163 at December 31, 2024)	4,440,127	11,171,420
Total liabilities	330,693,902	308,207,392
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 15,921,651 shares at December 31, 2025 and 14,448,205 shares at December 31, 2024; outstanding 14,397,526 shares at December 31, 2025 and 12,924,080 shares at December 31, 2024	159,216	144,482
Capital in excess of par	99,624,713	89,063,326
Accumulated other comprehensive loss	(6,081,530)	(12,175,476)
Retained earnings (accumulated deficit)	34,596,857	(4,755,874)
Stockholders' Equity before treasury stock	128,299,256	72,276,458
Treasury stock, at cost, 1,524,125 shares at December 31, 2025 and 1,524,125 shares at December 31, 2024	(5,568,007)	(5,568,007)
Total stockholders' equity	122,731,249	66,708,451
Total liabilities and stockholders' equity	$ 453,425,151	$ 374,915,843