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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Available-for-sale:    
Fixed maturities, at fair value (amortized cost: $76,847,878 at September 30, 2021, and $80,071,280 at December 31, 2020) $ 78,709,190 $ 83,409,694
Held-to-maturity:    
Fixed maturities, at amortized cost 548,000 798,000
Equity securities, at fair value (cost: $3,466,331 at September 30, 2021, and $2,548,440 at December 31, 2020) 3,683,154 2,746,706
Short?term investments, at fair value 2,661,690 200,000
Total Investments 85,602,034 87,154,400
Cash and restricted cash 15,790,770 3,957,980
Accrued investment income 437,058 402,046
Receivables, net 3,788,047 3,321,337
Reinsurance recoverable:    
Paid losses and loss adjustment expenses 704,757 621,307
Unpaid losses and loss adjustment expenses 24,494,179 22,253,642
Deferred policy acquisition costs 3,055,369 3,503,248
Real estate held for sale, net 0 8,335,017
Property and equipment, net 2,262,497 2,038,415
Other assets 459,895 313,363
Total Assets 136,594,606 131,900,755
LIABILITIES    
Unpaid losses and loss adjustment expenses 78,536,895 74,893,509
Unearned premium 22,770,407 18,188,298
Advance premium and premium deposits 143,940 208,538
Accrued expenses and other liabilities 2,915,133 3,577,450
Total Liabilities 104,366,375 96,867,795
STOCKHOLDERS' EQUITY    
Common stock, no par value - authorized 10,000,000 shares: 5,304,863 shares at September 30, 2021, and 5,304,885 shares at December 31, 2020, issued and outstanding, respectively. 3,783,346 3,771,767
Accumulated other comprehensive income 1,470,436 2,637,347
Retained earnings 26,974,449 28,623,846
Total Stockholders' Equity 32,228,231 35,032,960
Total Liabilities and Stockholders' Equity $ 136,594,606 $ 131,900,755