Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Assets
Fixed-maturity securities, held-to-maturity, at amortized cost (fair value of $4,136,710 at March 31, 2020 and $4,124,767 at December 31, 2019)	$ 3,826,404	$ 3,825,952
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $152,675,779 at March 31, 2020 and $162,202,355 at December 31, 2019)	151,879,894	168,236,181
Equity securities, at fair value (cost of $22,430,037 at March 31, 2020 and $22,624,668 at December 31, 2019)	18,368,893	24,661,382
Other investments	1,987,522	2,584,913
Total investments	176,062,713	199,308,428
Cash and cash equivalents	25,586,789	32,391,485
Premiums receivable, net	11,913,123	12,706,411
Reinsurance receivables, net	42,709,055	40,750,538
Deferred policy acquisition costs	19,571,888	20,634,378
Intangible assets, net	500,000	500,000
Property and equipment, net	7,365,654	7,620,636
Deferred income taxes, net	1,347,699	311,052
Other assets	7,477,334	6,979,884
Total assets	292,534,255	321,202,812
Liabilities
Loss and loss adjustment expense reserves	77,851,099	80,498,611
Unearned premiums	84,478,538	90,383,238
Advance premiums	3,143,879	3,191,512
Reinsurance balances payable	5,337,287	11,714,724
Deferred ceding commission revenue	6,935,401	7,735,398
Accounts payable, accrued expenses and other liabilities	8,409,856	9,986,317
Long-term debt, net	29,515,476	29,471,431
Total liabilities	215,671,536	232,981,231
Commitments and Contingencies (note 11)
Stockholders' Equity
Preferred stock, $.01 par value; authorized 2,500,000 shares	0	0
Common stock, $.01 par value; authorized 20,000,000 shares; issued 11,851,266 shares at March 31, 2020 and 11,824,889 at December 31, 2019; outstanding 10,781,393 shares at March 31, 2020 and 10,797,450 shares at December 31, 2019	118,512	118,248
Capital in excess of par	69,533,150	69,133,918
Accumulated other comprehensive (loss) income	(626,601)	4,768,870
Retained earnings	10,792,934	16,913,097
Total	79,817,995	90,934,133
Treasury stock, at cost, 1,069,873 shares at March 31, 2020 and 1,027,439 shares at December 31, 2019	(2,955,276)	(2,712,552)
Total stockholders' equity	76,862,719	88,221,581
Total liabilities and stockholders' equity	$ 292,534,255	$ 321,202,812