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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Net earned premium $ 6,967,748 $ 6,770,111 $ 13,571,508 $ 13,681,245
Net investment income 528,879 489,498 1,043,602 1,010,190
Net realized investments gains 106,410 461 161,809 1,575
Net realized gains on real estate sale 0 0 3,693,858 0
Net unrealized investments gains on equity securities 14,615 67,759 166,281 22,959
Other income 54,465 122,822 27,714 203,759
Total Insurance Company Operation 7,672,117 7,450,651 18,664,772 14,919,728
Other insurance operations:        
Gross commissions and fees 415,711 457,886 849,172 926,955
Finance charges and fees earned 44,772 67,686 89,770 134,705
Other income 5 4 546 20
Total Revenues 8,132,605 7,976,227 19,604,260 15,981,408
EXPENSES        
Losses and loss adjustment expenses 6,084,707 4,888,906 11,669,920 10,766,291
Policy acquisition costs 1,105,545 1,202,026 2,127,510 2,346,451
Salaries and employee benefits 1,205,630 1,251,922 2,333,721 2,374,421
Commissions to agents/brokers 20,434 24,000 41,002 49,954
Other operating expenses 1,147,124 993,935 2,320,602 1,974,351
Total Expenses 9,563,440 8,360,789 18,492,755 17,511,468
Income (Loss) before taxes (1,430,835) (384,562) 1,111,505 (1,530,060)
Income tax expense (benefit) (24,024) 50,252 250,612 (51,420)
Net Income (Loss) $ (1,406,811) $ (434,814) $ 860,893 $ (1,478,640)
Basic        
Income (Loss) per share $ (0.27) $ (0.08) $ 0.16 $ (0.28)
Weighted average shares 5,304,885 5,305,742 5,304,885 5,306,231
Diluted        
Income (Loss) per share diluted $ (0.27) $ (0.08) $ 0.16 $ (0.28)
Weighted average shares diluted 5,304,885 5,305,742 5,304,885 5,306,231