Reinsurance (Tables)

12 Months Ended

Dec. 31, 2019

Insurance [Abstract]

Ceded Reinsurance Transactions with Unaffiliated Reinsurers

The following amounts represent ceded reinsurance transactions with unaffiliated reinsurers during 2019, 2018 and 2017:

	2019		2018		2017
Premiums written	$	36,941,997	$	50,160,604	$	51,241,267
Premiums earned		39,732,282		51,266,000		49,633,348
Losses and loss expenses		33,615,819		50,652,202		44,575,268
Prepaid reinsurance premiums		7,067,989		10,108,269		11,213,665
Liability for losses and loss expenses		139,694,097		137,904,346		116,689,871

Total Ceded Reinsurance Transactions with both Affiliated and Unaffiliated Reinsurers

The following amounts represent total ceded reinsurance transactions with both affiliated and unaffiliated reinsurers during 2019, 2018 and 2017:

	2019		2018		2017
Premiums earned	$	314,859,014	$	326,198,234	$	310,179,267
Losses and loss expenses		240,241,845		246,223,074		218,523,260
Prepaid reinsurance premiums		142,475,767		135,379,777		135,032,641
Liability for losses and loss expenses		362,768,427		339,267,525		293,271,257

Amounts Represent Effect of Reinsurance on Premiums Written

The following amounts represent the effect of reinsurance on premiums written for 2019, 2018 and 2017:

	2019			2018			2017
Direct	$	589,572,526		$	594,078,723		$	584,007,351
Assumed		485,233,762			476,482,451			466,087,983
Ceded		(322,204,999	)		(326,545,370	)		(320,956,412	)
Net premiums written	$	752,601,289		$	744,015,804		$	729,138,922

Amounts Represent Effect of Reinsurance on Premiums Earned

The following amounts represent the effect of reinsurance on premiums earned for 2019, 2018 and 2017:

	2019			2018			2017
Direct	$	591,101,804		$	593,976,241		$	561,178,447
Assumed		479,835,610			473,512,866			451,515,575
Ceded		(314,859,014	)		(326,198,234	)		(310,179,267	)
Net premiums earned	$	756,078,400		$	741,290,873		$	702,514,755
Percentage of assumed premiums earned to net premiums earned		63.5	%		63.9	%		64.3	%