Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Components of Net Combined Ratio to Consolidated Net Income

The following tables reconciles the revenue and expense components of the net combined ratio to consolidated net income for the periods presented.

	Years ended December 31,
	2025		2024
Revenue components of net combined ratio
Net premiums earned	$	187,126,722	$	128,497,920
Ceding commission revenue	15,674,971		18,837,946
Other income	610,212		549,967
Total revenue components of net combined ratio	203,411,905		147,885,833
Expense components of net combined ratio
Loss and loss adjustment expenses	84,265,722		62,634,716
Commission expense	40,726,801		33,929,333
Other underwriting expenses	31,718,770		25,692,727
Total expense components of net combined ratio	156,711,293		122,256,776
Operating segment net income	46,700,612		25,629,057
Reconciliation of net income components
excluded from net combined ratio:
Revenue components excluded from net combined ratio
Net investment income	9,798,764		6,823,590
Net (losses) gains on investments	(309,994)		414,551
Realized gain on sale of real estate	1,965,989		—
Other income	637		18,129
Total revenue components excluded
from net combined ratio	11,455,396		7,256,270
Expense components excluded from net combined ratio
Other operating expenses	4,105,310		3,634,583
Depreciation and amortization	2,559,835		2,448,932
Interest expense	445,213		3,513,655
Income tax	10,278,522		4,929,721
Total expense components excluded
from net combined ratio	17,388,880		14,526,891
Total net loss components
excluded from net combined ratio:	(5,933,484)		(7,270,621)
Consolidated net income	$	40,767,128	$	18,358,436

The following table shows the calculation of the net combined ratio and return on equity from net investment income for the periods presented.

	Years ended December 31,
	2025			2024
Net combined ratio
Net loss ratio	45.0		%	48.7		%
Net underwriting expense ratio	30.0		%	31.3		%
Net combined ratio	75.0		%	80.0		%
Reconciliation of net underwriting expense ratio:
Commission expense and other
underwriting expenses	72,445,571			59,622,060
Less: Ceding commission revenue	(15,674,971)			(18,837,946)
Less: Other income	(610,212)			(549,967)
Total commission expense and other
underwriting expenses	$	56,160,388		$	40,234,147
Net earned premium	$	187,126,722		$	128,497,920
Net underwriting expense ratio	30.0		%	31.3		%
Return on equity on net investment income
Stockholders' equity beginning of period	$	66,708,451		$	34,504,139
Stockholders' equity end of period	$	122,731,249		$	66,708,451
Average stockholders' equity	$	94,719,850		$	50,606,295
Net investment income	$	9,798,764		$	6,823,590
Return on equity on net investment income	10.3		%	13.5		%
Total assets	$	453,425,151		$	374,915,843