Reinsurance (Tables)

12 Months Ended

Dec. 31, 2021

Reinsurance (Tables)

Primary Reinsurance Agreements

Loss Year	Reinsurers	A.M. Best Rating	Retention
2021	Renaissance Reinsurance U.S. Inc. & Hannover Ruck SE	A+ A+	$	500,000
2020	Renaissance Reinsurance U.S. Inc. & Hannover Ruck SE	A+ A+	$	500,000

Effect Of Reinsurance On Premiums Written, Premiums Earned, And Incurred Losses

	Year ended December 31
	2021			2020
Written premium:
Direct	$	32,871,625		$	36,338,800
Assumed		3,395,010			304,030
Ceded		(11,551,580	)		(8,078,748	)
Net written premium	$	24,715,055		$	28,564,082
Earned premium:
Direct	$	38,278,730		$	36,108,230
Assumed		1,844,931			156,639
Ceded		(11,693,756	)		(8,096,701	)
Net earned premium	$	28,429,905		$	28,168,168

	Year ended December 31
	2021			2020
Incurred losses and loss adjustment expenses:
Direct	$	35,218,127		$	48,971,172
Assumed		836,622			89,204
Ceded		(10,081,909	)		(14,417,456	)
Net incurred losses and loss adjustment expenses	$	25,972,840		$	34,642,920