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Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Available for sale:    
Fixed maturities, at fair value (amortized cost: $84,279,349 at September 30, 2017, and $80,371,842 at December 31, 2016) $ 84,268,895 $ 80,383,925
Short-term investments, at fair value 13,080,515 10,204,603
Total Investments 97,349,410 90,588,528
Cash and restricted cash 230,376 13,496,379
Accrued investment income 435,706 185,916
Receivables, net 6,046,875 6,008,083
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 1,692,142 260,744
Unpaid losses and loss adjustment expenses 11,890,854 9,520,970
Deferred policy acquisition costs 4,230,832 4,432,299
Property and equipment (net of accumulated depreciation) 10,117,563 10,282,532
Deferred income taxes 1,231,499 1,177,346
Other assets 4,853,239 2,269,408
Total Assets 138,078,496 138,222,205
LIABILITIES    
Unpaid losses and loss adjustment expenses 53,066,515 47,055,787
Unearned premiums 19,472,136 19,374,740
Advance premium and premium deposits 429,560 224,055
Accrued expenses and other liabilities 2,155,975 2,660,983
Total Liabilities 75,124,186 69,315,565
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; 5,307,133 shares issued and outstanding at September 30, 2017, and December 31, 2016 3,772,872 3,761,320
Accumulated other comprehensive income (loss) (6,900) 7,975
Retained earnings 59,188,338 65,137,345
Total Stockholders' Equity 62,954,310 68,906,640
Total Liabilities and Stockholders' Equity $ 138,078,496 $ 138,222,205