Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Assets
Fixed-maturity securities, held-to-maturity, at amortized cost (fair value of $4,426,416 at December 31, 2018 and $5,150,076 at December 31, 2017)	$ 4,222,855	$ 4,869,808
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $155,431,261 at December 31, 2018 and $119,122,106 at December 31, 2017)	151,777,517	119,988,256
Equity securities, at fair value (cost of $18,305,986 at December 31, 2018 and $13,761,841 at December 31, 2017)	16,572,616	14,286,198
Other investments	1,855,225	0
Total investments	174,428,213	139,144,262
Cash and cash equivalents	21,138,403	48,381,633
Investment subscription receivable	0	2,000,000
Premiums receivable, net	13,961,599	13,217,698
Reinsurance receivables, net	26,367,115	28,519,130
Deferred policy acquisition costs	17,907,737	14,847,236
Intangible assets, net	670,000	1,010,000
Property and equipment, net	6,056,929	4,772,577
Deferred income tax	354,233	0
Other assets	5,867,850	2,655,527
Total assets	266,752,079	254,548,063
Liabilities
Loss and loss adjustment expense reserves	56,197,106	48,799,622
Unearned premiums	79,032,131	65,647,663
Advance premiums	2,107,629	1,477,693
Reinsurance balances payable	1,933,376	2,563,966
Deferred ceding commission revenue	2,686,677	4,266,412
Accounts payable, accrued expenses and other liabilities	6,819,231	7,487,654
Income taxes payable	15,035	0
Deferred income taxes	0	600,342
Long-term debt, net	29,295,251	29,126,965
Total liabilities	178,086,436	159,970,317
Commitments and Contingencies
Stockholders' Equity
Preferred stock, $.01 par value; authorized 2,500,000 shares	0	0
Common stock, $.01 par value; authorized 20,000,000 shares; issued 11,775,148 shares at December 31, 2018 and 11,618,646 at December 31, 2017; outstanding 10,747,709 shares at December 31, 2018 and 10,631,837 shares at December 31, 2017	117,751	116,186
Capital in excess of par	67,763,940	68,380,390
Accumulated other comprehensive income	(2,884,313)	1,100,647
Retained earnings	26,380,816	27,152,822
Total	91,378,194	96,750,045
Treasury stock, at cost, 1,027,439 shares at December 31, 2018 and 986,809 shares at December 31, 2017	(2,712,552)	(2,172,299)
Total stockholders' equity	88,665,642	94,577,746
Total liabilities and stockholders' equity	$ 266,752,078	$ 254,548,063