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Consolidated Statements of Income and Comprehensive Income - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Net premiums earned $ 127,623,442 $ 103,414,715
Ceding commission revenue 4,650,851 5,332,630
Net investment income 6,869,346 6,186,248
Net gains (losses) on investments 4,591,019 (2,495,857)
Other income 1,828,362 1,334,162
Total revenues 145,563,020 113,771,898
Expenses    
Loss and loss adjustment expenses 90,182,324 58,295,205
Commission expense 30,193,175 25,342,137
Other underwriting expenses 24,420,208 20,943,342
Other operating expenses 4,177,731 2,575,404
Depreciation and amortization 2,545,946 1,787,150
Interest expense 1,826,180 1,821,597
Total expenses 153,345,564 110,764,835
Loss (income) from operations before taxes (7,782,544) 3,007,063
Income tax benefit (1,816,191) (86,183)
Net income (5,966,353) 3,093,246
Other comprehensive income (loss), net of tax    
Gross change in unrealized (losses) gains on available-for-sale-securities 9,564,647 (4,984,149)
Reclassification adjustment for losses included in net (loss) income 122,925 464,254
Net change in unrealized gains (losses) 9,687,572 (4,519,895)
Income tax (expense) benefit related to items of other comprehensive (loss) income (2,034,389) 949,177
Other comprehensive (loss) income, net of tax 7,653,183 (3,570,718)
Comprehensive (loss) income $ 1,686,830 $ (477,472)
Earnings per common share:    
Basic $ (0.55) $ 0.29
Diluted $ (0.55) $ 0.29
Weighted average common shares outstanding    
Basic 10,773,623 10,686,813
Diluted 10,773,623 10,716,886
Dividends declared and paid per common share $ 0.325 $ 0.4