3. Investments (Tables)

6 Months Ended

Jun. 30, 2012

Text Block [Abstract]

Schedule of Availalbe for Sale Securities

	June 30, 2012
													Net
	Cost or		Gross		Gross Unrealized Losses								Unrealized
	Amortized		Unrealized		Less than 12			More than 12			Fair		Gains/
Category	Cost		Gains		Months			Months			Value		(Losses)
	(unaudited)
Fixed-Maturity Securities:
U.S. Treasury securities and
obligations of U.S. government
corporations and agencies	$	99,930	$	5,672	$	-		$	-		$	105,602	$	5,672
Political subdivisions of States,
Territories and Possessions		5,572,075		279,663		-			(29,967	)		5,821,771		249,696
Corporate and other bonds
Industrial and miscellaneous		15,651,143		644,650		(9,850	)		(48,886	)		16,237,057		585,914
Total fixed-maturity securities		21,323,148		929,985		(9,850	)		(78,853	)		22,164,430		841,282
Equity Securities:
Preferred stocks		1,339,013		58,812		-			(12,775	)		1,385,050		46,037
Common stocks		2,816,350		442,031		(26,384	)		-			3,231,997		415,647
Total equity securities		4,155,363		500,843		(26,384	)		(12,775	)		4,617,047		461,684
Total	$	25,478,511	$	1,430,828	$	(36,234	)	$	(91,628	)	$	26,781,477	$	1,302,966

	December 31, 2011
													Net
	Cost or		Gross		Gross Unrealized Losses								Unrealized
	Amortized		Unrealized		Less than 12			More than 12			Fair		Gains/
Category	Cost		Gains		Months			Months			Value		(Losses)
Fixed-Maturity Securities:
U.S. Treasury securities and
obligations of U.S. government
corporations and agencies	$	499,832	$	50,356	$	-		$	-		$	550,188	$	50,356
Political subdivisions of States,
Territories and Possessions		5,868,743		301,559		-			-			6,170,302		301,559
Corporate and other bonds
Industrial and miscellaneous		15,846,616		338,284		(228,792	)		(107,666	)		15,848,442		1,826
Total fixed-maturity securities		22,215,191		690,199		(228,792	)		(107,666	)		22,568,932		353,741
Equity Securities:
Preferred stocks		1,428,435		36,762		(76,969	)		(4,893	)		1,383,335		(45,100	)
Common stocks		2,429,306		274,538		(21,969	)		-			2,681,875		252,569
Total equity securities		3,857,741		311,300		(98,938	)		(4,893	)		4,065,210		207,469
Total	$	26,072,932	$	1,001,499	$	(327,730	)	$	(112,559	)	$	26,634,142	$	561,210

A summary of the amortized cost and fair value of the Company’s investments in available for sale fixed-maturity securities by contractual maturity as of June 30, 2012 and December 31, 2011 is shown below:

	June 30, 2012				December 31, 2011
	Amortized				Amortized
Remaining Time to Maturity	Cost		Fair Value		Cost		Fair Value
	(unaudited)
Less than one year	$	1,082,670	$	1,066,409	$	1,063,493	$	1,079,924
One to five years		7,118,991		7,382,219		6,899,892		7,045,774
Five to ten years		11,768,002		12,303,035		12,547,046		12,680,441
More than 10 years		1,353,485		1,412,767		1,704,760		1,762,793
Total	$	21,323,148	$	22,164,430	$	22,215,191	$	22,568,932

Schedule of Held to Maturity Securities

June 30, 2012

Cost or

Gross

Gross Unrealized Losses

Net Unrealized

Amortized

Unrealized

Less than 12

More than 12

Fair

Gains/

Category

Cost

Gains

Months

Months

Value

(Losses)

(unaudited)

U.S. Treasury securities

$

606,265

$

191,727

$

-

$

-

$

797,992

$

191,727

December 31, 2011

Net

Cost or

Gross

Gross Unrealized Losses

Unrealized

Amortized

Unrealized

Less than 12

More than 12

Fair

Gains/

Category

Cost

Gains

Months

Months

Value

(Losses)

U.S. Treasury securities

$

606,234

$

171,719

$

-

$

-

$

777,953

$

171,719

Schedule of Investment Income

	Three months ended						Six months ended
	June 30,						June 30,
	2012			2011			2012		2011
	(unaudited)						(unaudited)
Income:
Fixed-maturity securities	$	226,777		$	174,363		$	461,270	$	356,500
Equity securities		62,310			33,474			148,239		70,298
Cash and cash equivalents		(1,347	)		236			59		2,223
Other		2			(3,325	)		4		(3,315	)
Total		287,742			204,748			609,572		425,706
Expenses:
Investment expenses		57,863			44,284			112,176		87,572
Net investment income	$	229,879		$	160,464		$	497,396	$	338,134

	Three months ended						Six months ended
	June 30,						June 30,
	2011			2010			2012			2011
	(unaudited)						(unaudited)
Fixed-maturity securities
Gross realized gains	$	55,004		$	87,302		$	95,150		$	87,302
Gross realized losses		(54,404	)		(1,983	)		(54,404	)		(1,983	)
		600			85,319			40,746			85,319
Equity securities
Gross realized gains		25,215			18,484			32,284			135,817
Gross realized losses		(19,655	)		(13,842	)		(27,470	)		(60,704	)
		5,560			4,642			4,814			75,113
Net realized gains	$	6,160		$	89,961		$	45,560		$	160,432

Schedule of Securities with Unrealized Losses

	June 30, 2012
	Less than 12 months							12 months or more							Total
						No. of							No. of		Aggregate
	Fair		Unrealized			Positions		Fair		Unrealized			Positions		Fair		Unrealized
Category	Value		Losses			Held		Value		Losses			Held		Value		Losses
	(unaudited)
Fixed-Maturity Securities:
U.S. Treasury securities
and obligations of U.S.
government corporations
and agencies	$	-	$	-			-	$	-	$	-			-	$	-	$	-
Political subdivisions of
States, Territories and
Possessions		-		-			-		773,253		(29,967	)		2		773,253		(29,967	)
Corporate and other
bonds industrial and
miscellaneous		1,022,335		(9,850	)		5		1,821,008		(48,886	)		8		2,843,343		(58,736	)
Total fixed-maturity  securities	$	1,022,335	$	(9,850	)		5	$	2,594,261	$	(78,853	)		10	$	3,616,596	$	(88,703	)
Equity Securities:
Preferred stocks	$	-	$	-			-	$	114,750	$	(12,775	)		1	$	114,750	$	(12,775	)
Common stocks		238,502		(26,384	)		2		-		-			-		238,502		(26,384	)
Total equity securities	$	238,502	$	(26,384	)		2	$	114,750	$	(12,775	)		1	$	353,252	$	(39,159	)
Total	$	1,260,837	$	(36,234	)		7	$	2,709,011	$	(91,628	)		11	$	3,969,848	$	(127,862	)