10. Property and Casualty Insurance Activity (Tables)

12 Months Ended

Dec. 31, 2015

Property And Casualty Insurance Activity Tables

Schedule of Earned Premiums

	Direct			Assumed			Ceded			Net
Year ended December 31, 2015
Premiums written	$	91,003,968		$	40,971		$	(30,660,161	)	$	60,384,778
Change in unearned premiums		(8,436,456	)		4,255			(3,340,495	)		(11,772,696	)
Premiums earned	$	82,567,512		$	45,226		$	(34,000,656	)	$	48,612,082
Year ended December 31, 2014
Premiums written	$	76,255,426		$	48,856		$	(33,009,420	)	$	43,294,862
Change in unearned premiums		(8,119,029	)		(3,398	)		(2,543,951	)		(10,666,378	)
Premiums earned	$	68,136,397		$	45,458		$	(35,553,371	)	$	32,628,484

Schedule of Loss and Loss Adjustment Expenses

	Gross		Reinsurance
	Liability		Receivables
December 31, 2015
Case-basis reserves	$	24,730,463	$	11,264,279
Loss adjustment expenses		5,429,221		1,720,522
IBNR reserves		9,716,816		3,721,563
Recoverable on unpaid losses				16,706,364
Recoverable on paid losses		-		2,047,979
Total loss and loss adjustment expenses	$	39,876,500		18,754,343
Unearned premiums				12,515,892
Total reinsurance receivables			$	31,270,235
December 31, 2014
Case-basis reserves	$	24,064,175	$	11,930,330
Loss adjustment expenses		5,663,856		1,920,437
IBNR reserves		10,184,652		4,398,759
Recoverable on unpaid losses				18,249,526
Recoverable on paid losses		-		1,469,363
Total loss and loss adjustment expenses	$	39,912,683		19,718,889
Unearned premiums				15,856,387
Total reinsurance receivables			$	35,575,276

Schedule of Ceding Commission Revenue

	Years ended
	December 31,
	2015			2014
Balance at beginning of period	$	39,912,683		$	34,503,229
Less reinsurance recoverables		(18,249,526	)		(17,363,975	)
Net balance, beginning of period		21,663,157			17,139,254
Incurred related to:
Current year		23,642,998			15,268,426
Prior years		(462,998	)		1,763,762
Total incurred		23,180,000			17,032,188
Paid related to:
Current year		13,172,870			6,351,920
Prior years		8,500,151			6,156,365
Total paid		21,673,021			12,508,285
Net balance at end of period		23,170,136			21,663,157
Add reinsurance recoverables		16,706,364			18,249,526
Balance at end of period	$	39,876,500		$	39,912,683