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Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $80,207,437 at June 30, 2019, and $78,302,588 at December 31, 2018) $ 81,270,712 $ 76,910,137
Held-to-maturity:    
Fixed maturities, at amortized cost (fair value: $4,782,000 at June 30, 2019, and $7,126,000 at December 31, 2018) 4,782,000 7,126,000
Short-term investments, at fair value 200,000 4,690,954
Total Investments 86,252,712 88,727,091
Cash and cash equivalents 5,591,085 4,917,762
Accrued investment income 409,544 393,782
Receivable, net 4,738,587 3,933,068
Reinsurance Recoverable:    
Paid losses and loss adjustment expenses 455,413 (1,319)
Unpaid losses and loss adjustment expenses 11,139,312 9,531,602
Deferred policy acquisition costs 3,628,624 3,489,728
Property and equipment (net) 9,909,957 9,692,325
Deferred income taxes 4,089,041 4,375,484
Other assets 257,394 557,443
Total Assets 126,471,669 125,616,966
LIABILITIES    
Unpaid losses and loss adjustment expenses 49,829,790 51,657,155
Unearned premium 17,726,398 15,964,589
Advance premium and premium deposits 359,705 234,442
Accrued expenses and other liabilities 1,650,203 1,845,358
Total Liabilities 69,566,096 69,701,544
STOCKHOLDERS' EQUITY    
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,306,747 and 5,307,103 at June 30, 2019, and December 31, 2018, respectively 3,772,682 3,772,857
Accumulated other comprehensive loss 839,987 (1,100,036)
Retained earnings 52,292,904 53,242,601
Total Stockholders Equity 56,905,573 55,915,422
Total Liabilities and Stockholders' Equity $ 126,471,669 $ 125,616,966