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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Investments in securities:    
Fixed maturities, available-for-sale, at fair value (amortized cost: December 31, 2017: $100,314,085; December 31, 2016: $100,162,357) $ 103,341,083 $ 101,934,077
Equity securities, available-for-sale, at fair value (cost: December 31, 2017: $26,002,619; December 31, 2016: $24,836,032) 47,366,826 41,179,259
Short-term investments 23,779,672 6,558,840
Other investments 12,032,426 11,181,531
Total investments 186,520,007 160,853,707
Cash and cash equivalents 20,214,468 27,928,472
Premium and fees receivable 10,159,519 8,654,161
Accrued interest and dividends 1,099,879 1,035,152
Prepaid expenses and other assets 9,003,683 9,456,523
Property, net 10,172,904 8,753,466
Goodwill and other intangible assets, net 11,357,290 12,256,641
Current income taxes receivable 385,109 0
Total Assets 248,912,859 228,938,122
Liabilities:    
Reserve for claims 34,801,000 35,305,000
Accounts payable and accrued liabilities 27,565,660 26,146,480
Current income taxes payable 0 1,232,432
Deferred income taxes, net 8,625,759 11,118,256
Total liabilities 70,992,419 73,802,168
Commitments and Contingencies 0 0
Stockholders' Equity:    
Preferred stock (1,000,000 authorized shares; no shares issued) 0 0
Common stock – no par value (10,000,000 authorized shares; 1,885,993 and 1,884,283 shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively, excluding in each period 291,676 shares of common stock held by the Company) 1 1
Retained earnings 161,890,660 143,283,621
Accumulated other comprehensive income 15,944,826 11,761,447
Total stockholders’ equity attributable to the Company 177,835,487 155,045,069
Noncontrolling interests 84,953 90,885
Total stockholders’ equity 177,920,440 155,135,954
Total Liabilities and Stockholders’ Equity $ 248,912,859 $ 228,938,122