21. Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Data Tables

Schedule of Quarterly Financial Data

	2015
	March 31,			June 30,		September 30,			December 31,		Total
Net premiums earned	$	10,385,799		$	10,865,715	$	13,129,604		$	14,230,964	$	48,612,082
Ceding commission revenue		3,089,404			3,655,522		2,643,531			2,084,660		11,473,117
Net investment income		574,656			625,972		649,441			713,821		2,563,890
Net realized gain (loss) on sale of investments		(67,494	)		2,263		(40,487	)		55,172		(50,546	)
Total revenues		14,613,556			15,542,512		16,657,369			17,362,297		64,175,734
Loss and loss adjustment expenses		7,063,217			4,770,813		5,050,194			6,295,776		23,180,000
Commission expense and other underwriting expenses		6,411,482			6,561,827		7,410,407			7,766,815		28,150,531
Net income		382,499			2,379,182		2,345,654			1,852,285		6,959,620
Basic earnings per share	$	0.05		$	0.32	$	0.32		$	0.25	$	0.95
Diluted earnings per share	$	0.05		$	0.32	$	0.32		$	0.25	$	0.94
	2014
	March 31,			June 30,		September 30,			December 31,		Total
Net premiums earned	$	5,926,311		$	6,429,373	$	9,895,000		$	10,377,800	$	32,628,484
Ceding commission revenue		3,381,283			3,706,049		3,278,319			3,544,460		13,910,111
Net investment income		378,788			451,915		463,513			505,552		1,799,768
Net realized gain on sale of investments		188,348			134,602		115,176			268,901		707,027
Total revenues		10,102,287			10,972,847		14,015,734			14,960,624		50,051,492
Loss and loss adjustment expenses		4,324,954			3,007,939		4,538,167			5,161,128		17,032,188
Commission expense and other underwriting expenses		4,864,257			5,432,867		5,951,772			6,532,697		22,781,593
Net income		327,133			1,354,502		1,883,681			1,763,103		5,328,419
Basic earnings per share	$	0.05		$	0.19	$	0.26		$	0.24	$	0.73
Diluted earnings per share	$	0.04		$	0.18	$	0.26		$	0.24	$	0.72