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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Investments in securities:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2016: $100,162,357; 2015: $102,015,826) $ 101,934,077 $ 106,066,384
Equity securities, available-for-sale, at fair value (cost: 2016: $24,836,032; 2015: $23,855,873) 41,179,259 37,513,464
Short-term investments 6,558,840 6,865,406
Other investments 11,181,531 10,106,828
Total investments 160,853,707 160,552,082
Cash and cash equivalents 27,928,472 21,790,068
Premium and fees receivable 8,654,161 8,392,697
Accrued interest and dividends 1,035,152 1,004,126
Prepaid expenses and other assets 9,456,523 11,413,520
Property, net 8,753,466 7,148,951
Goodwill and other intangible assets, net 12,256,641 1,220,585
Total Assets 228,938,122 211,522,029
Liabilities:    
Reserve for claims 35,305,000 37,788,000
Accounts payable and accrued liabilities 26,146,480 25,043,588
Current income taxes payable 1,232,432 210,355
Deferred income taxes, net 11,118,256 5,703,006
Total liabilities 73,802,168 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 143,283,621 131,186,866
Accumulated other comprehensive income 11,761,447 11,483,015
Total stockholders’ equity attributable to the Company 155,045,069 142,669,882
Noncontrolling interests 90,885 107,198
Total stockholders’ equity 155,135,954 142,777,080
Total Liabilities and Stockholders’ Equity $ 228,938,122 $ 211,522,029