Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2025

Quarterly Financial Information Disclosure [Abstract]

The following is a summary of unaudited quarterly results of operations for the years ended December 31, 2025 and 2024:


	2025
	March 31,		June 30,		September 30,		December 31,		Total

Net premiums earned	$	43,523,063	$	46,215,260	$	47,925,053	$	49,463,346	$	187,126,722
Ceding commission revenue	2,958,691		3,081,556		4,900,401		4,734,323		15,674,971
Net investment income	2,048,596		2,300,267		2,499,071		2,950,830		9,798,764
Net (losses) gains on investments	(137,979)		546,451		182,122		(900,588)		(309,994)
Realized gain on sale of real estate	1,965,989		—		—		—		1,965,989
Total revenues	50,498,775		52,294,779		55,652,490		56,421,257		214,867,301
Loss and loss adjustment expenses	27,175,078		17,927,162		21,232,324		17,931,158		84,265,722
Commission expense and
other underwriting expenses	16,718,302		18,356,996		18,666,524		18,703,749		72,445,571
Net income	3,882,660		11,252,332		10,872,475		14,759,661		40,767,128
Basic earnings per share	$	0.29	$	0.81	$	0.77	$	1.04	$	2.93
Diluted earnings per share	$	0.27	$	0.78	$	0.74	$	1.03	$	2.88


	2024
	March 31,		June 30,		September 30,		December 31,		Total

Net premiums earned	$	28,819,902	$	30,303,612	$	33,407,194	$	35,967,212	$	128,497,920
Ceding commission revenue	4,567,111		4,561,961		4,741,676		4,967,198		18,837,946
Net investment income	1,502,860		1,764,596		1,649,673		1,906,461		6,823,590
Net gains (losses) on investments	726,391		(233,606)		826,522		(904,756)		414,551
Total revenues	35,765,177		36,502,115		40,771,728		42,103,083		155,142,103
Loss and loss adjustment expenses	17,859,587		14,238,308		13,027,597		17,509,224		62,634,716
Commission expense and
other underwriting expenses	13,732,417		14,133,005		15,898,844		15,857,794		59,622,060
Net income	1,426,679		4,514,937		6,978,145		5,438,675		18,358,436
Basic earnings per share	$	0.13	$	0.41	$	0.61	$	0.44	$	1.60
Diluted earnings per share	$	0.12	$	0.37	$	0.55	$	0.40	$	1.48

Due to changes in number of shares outstanding from quarter to quarter, the total earnings per share of the four quarters may not necessarily equal the total earnings per share for the year.