Reconciliation of Statutory Filings to Amounts Reported in the Consolidated Financial Statements (Tables)

12 Months Ended

Dec. 31, 2022

Reconciliation of Statutory Filings to Amounts Reported in the Consolidated Financial Statements [Abstract]

Reconciliations of Statutory Net (Loss) Income and Capital and Surplus

Reconciliations of statutory net income and capital and surplus, as determined using SAP, to the net (loss) income and stockholders’ equity amounts included in the accompanying consolidated financial statements are as follows:

	Year Ended December 31,
	2022			2021			2020
Statutory net income of insurance subsidiaries	$	424,058		$	10,750,552		$	48,282,517
Increases (decreases):
Deferred policy acquisition costs		5,141,857			8,871,415			(127,901	)
Deferred federal income taxes		2,958,735			(1,085,903	)		(6,448	)
Salvage and subrogation recoverable		5,195,800			2,551,800			713,400
Consolidating eliminations and adjustments		(14,791,466	)		(18,769	)		(9,516,984	)
Parent-only net (loss) income		(888,389	)		4,185,079			13,470,668
Net (loss) income	$	(1,959,405	)	$	25,254,174		$	52,815,252

	December 31,
	2022			2021			2020
Statutory capital and surplus of insurance subsidiaries	$	455,719,035		$	466,186,406		$	458,407,568
Increases (decreases):
Deferred policy acquisition costs		73,170,230			68,028,373			59,156,958
Deferred federal income taxes		(23,794,084	)		(21,294,388	)		(18,586,428	)
Salvage and subrogation recoverable		28,706,200			23,510,400			20,958,600
Non-admitted assets and other adjustments, net		712,623			929,862			1,315,378
Fixed maturities		(49,367,986	)		5,958,434			15,309,610
Parent-only equity and other adjustments		(1,553,006	)		(12,283,000	)		(18,787,566	)
Stockholders’ equity	$	483,593,012		$	531,036,087		$	517,774,120