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Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenues    
Net premiums earned $ 48,612,082 $ 32,628,484
Ceding commission revenue 11,473,117 13,910,111
Net investment income 2,563,890 1,799,768
Net realized (losses) gains on sales of investments (50,546) 707,027
Other income 1,577,191 1,006,102
Total revenues 64,175,734 50,051,492
Expenses    
Loss and loss adjustment expenses 23,180,000 17,032,188
Commission expense 15,317,140 12,125,328
Other underwriting expenses 12,833,391 10,656,265
Other operating expenses 1,504,121 1,487,345
Depreciation and amortization 1,032,009 874,907
Total expenses 53,866,661 42,176,033
Income from operations before taxes 10,309,073 7,875,459
Income tax expense 3,349,453 2,547,040
Net income 6,959,620 5,328,419
Other comprehensive income (loss), net of tax    
Gross change in unrealized gains (losses) on available-for-sale-securities (750,716) 1,678,410
Reclassification adjustment for (gains) losses included in net income 50,546 (707,027)
Net change in unrealized unrealized gains (losses) (700,170) 971,383
Income tax benefit (expense) related to items of other comprehensive income (loss) 238,058 (330,270)
Other comprehensive income (loss), net of tax (462,112) 641,113
Comprehensive income $ 6,497,508 $ 5,969,532
Earnings per common share:    
Basic $ 0.95 $ 0.73
Diluted $ 0.94 $ 0.72
Weighted average common shares outstanding    
Basic 7,331,114 7,287,657
Diluted 7,377,880 7,356,962
Dividends declared and paid per common share $ 0.2125 $ 0.18