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Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Investments in securities:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2016: $105,240,488; 2015: $102,015,826) $ 111,038,924 $ 106,066,384
Equity securities, available-for-sale, at fair value (cost: 2016: $24,958,456; 2015: $23,855,873) 39,834,879 37,513,464
Short-term investments 3,925,296 6,865,406
Other investments 10,626,505 10,106,828
Total investments 165,425,604 160,552,082
Cash and cash equivalents 26,898,991 21,790,068
Premium and fees receivable 9,358,570 8,392,697
Accrued interest and dividends 1,389,526 1,004,126
Prepaid expenses and other assets 10,931,270 12,634,105
Property, net 7,843,079 7,148,951
Current income taxes recoverable 1,261,289 0
Total Assets 223,108,329 211,522,029
Liabilities:    
Reserves for claims 35,536,000 37,788,000
Accounts payable and accrued liabilities 24,705,653 25,043,588
Current income taxes payable 0 210,355
Deferred income taxes, net 10,749,877 5,703,006
Total liabilities 70,991,530 68,744,949
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; 1,884,283 and 1,949,797 shares issued and outstanding 2016 and 2015, respectively, excluding 291,676 shares for 2016 and 2015 of common stock held by the Company's subsidiary) 1 1
Retained earnings 138,575,372 131,186,866
Accumulated other comprehensive income 13,449,558 11,483,015
Total stockholders’ equity attributable to the Company 152,024,931 142,669,882
Noncontrolling interests 91,868 107,198
Total stockholders' equity 152,116,799 142,777,080
Total Liabilities and Stockholders’ Equity $ 223,108,329 $ 211,522,029