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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Net premiums earned $ 14,531,675 $ 10,385,799
Ceding commission revenue 2,770,337 3,089,404
Net investment income 813,057 574,656
Net realized gains (losses) on sales of investments 80,436 (67,494)
Other income 249,347 631,191
Total revenues 18,444,852 14,613,556
Expenses    
Loss and loss adjustment expenses 9,483,855 7,063,217
Commission expense 4,270,066 3,412,327
Other underwriting expenses 3,346,441 2,999,155
Other operating expenses 329,239 328,498
Depreciation and amortization 283,828 235,662
Total expenses 17,713,429 14,038,859
Income from operations before taxes 731,423 574,697
Income tax expense 190,391 192,198
Net income 541,032 382,499
Other comprehensive income, net of tax    
Gross change in unrealized gains on available-for-sale-securities 1,484,064 705,574
Reclassification adjustment for (gains) losses included in net income (80,436) 67,494
Net change in unrealized gains 1,403,628 773,068
Income tax expense related to items of other comprehensive income (477,234) (262,843)
Other comprehensive income, net of tax 926,394 510,225
Comprehensive income $ 1,467,426 $ 892,724
Earnings per common share:    
Basic $ 0.07 $ 0.05
Diluted $ 0.07 $ 0.05
Weighted average common shares outstanding    
Basic 7,322,385 7,318,271
Diluted 7,360,564 7,344,563
Dividends declared and paid per common share $ 0.0625 $ 0.0500