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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Net premiums earned $ 29,595,889 $ 22,837,617
Ceding commission revenue 1,277,683 1,695,158
Net investment income 1,623,712 1,383,989
Net gains (losses) on investments 2,035,363 (523,127)
Other income 365,901 308,233
Total revenues 34,898,548 25,701,870
Expenses    
Loss and loss adjustment expenses 29,134,224 17,266,330
Commission expense 6,853,416 5,799,948
Other underwriting expenses 6,135,991 5,031,503
Other operating expenses 971,172 246,858
Depreciation and amortization 602,332 409,431
Interest expense 456,545 456,545
Total expenses 44,153,680 29,210,615
Loss from operations before income taxes (9,255,132) (3,508,745)
Income tax benefit (1,919,942) (790,811)
Net loss (7,335,190) (2,717,934)
Other comprehensive (loss) income, net of tax    
Gross change in unrealized gains (losses) on available-for-sale-securities 4,188,716 (2,873,479)
Reclassification adjustment for losses included in net income 22,431 243,773
Net change in unrealized gains (losses) 4,211,147 (2,629,706)
Income tax (expense) benefit related to items of other comprehensive (loss) income (884,341) 552,238
Other comprehensive (loss) income, net of tax 3,326,806 (2,077,468)
Comprehensive loss $ (4,008,384) $ (4,795,402)
Loss per common share:    
Basic $ (0.68) $ (0.25)
Diluted $ (0.68) $ (0.25)
Weighted average common shares outstanding    
Basic 10,757,843 10,669,992
Diluted 10,757,843 10,669,992
Dividends declared and paid per common share $ .1000 $ 0.1000