Stockholder's Equity and Statutory Accounting Principles

3 Months Ended

Mar. 31, 2017

Stockholders Equity And Statutory Accounting Principles [Abstract]

Stockholder's Equity and Statutory Accounting Principles

Note 8.  Stockholder’s Equity and Statutory Accounting Principles

The Company’s statutory financial statements are presented on the basis of accounting practices prescribed or permitted by the Insurance Department of the State of Arkansas. The State of Arkansas has adopted the National Association of Insurance Commissioners’ (“NAIC”) statutory accounting principles as the basis of its statutory accounting principles.

The Company's statutory net income (loss) for the three months ended March 31, 2017 and 2016 was $51,392 and ($61,541), respectively. Statutory capital and surplus at March 31, 2017 and December 31, 2016 was $738,178 and $696,073, respectively.

For the three months ended March 31, 2016 and 2017, the Company did not pay a dividend. For the three months ended March 31, 2017, the Company paid a $13,440 return of capital to TA Corp. For the three months ended March 31, 2016, the Company paid a $30,489 return of capital to TA Corp.