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Note 15 - Reserves for Losses and Loss Adjustment Expenses - Reserves Balance for Losses and Loss Adjustment Expenses (Details) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Gross reserve for unpaid losses and loss adjustment expenses, beginning of period $ 5,873,192 $ 5,733,444
Less: reinsurance recoverable on unpaid losses 1,803,865 3,283,071
Net reserve for unpaid losses and loss adjustment expenses, beginning of period 4,069,327 2,450,373
Provision for losses and LAE claims arising in current year 989,077 816,563
Provision for losses and LAE claims arising in prior year 177,338 (135,890)
Total net losses and loss adjustment expense incurred 1,166,415 680,673
Losses and LAE payments for claims arising in current year 466,857 239,500
Losses and LAE payments for claims arising in prior years 544,141 (32,186)
Losses and LAE payments for claims arising in total payments 1,010,998 207,314
Net reserves for unpaid losses and loss adjustment expenses, end of period 4,224,744 2,923,732
Reinsurance recoverable on unpaid losses, net of allowance 1,804,082 1,674,699
Gross reserves for unpaid losses and loss adjustment expenses, end of period $ 6,028,826 $ 4,598,431