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Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data (Unaudited)

Schedule of Quarterly Financial Data

		2020
		March 31,				June 30,				September 30,				December 31,				Total
Net premiums earned		$	26,941,450			$	26,636,856			$	27,521,081			$	26,981,242			$	108,080,629
Ceding commission revenue			3,831,099				3,480,214				3,448,774				3,442,266				14,202,353
Net investment income			1,665,844				1,612,006				1,494,086				1,733,667				6,505,603
Net gains (losses) on investments			(6,444,418	)			2,697,868				2,107,876				3,229,290				1,590,616
Total revenues			26,253,605				34,689,332				34,822,471				35,604,343				131,369,751
Loss and loss adjustment expenses			16,385,821				12,813,631				20,117,975				17,113,645				66,431,072
Commission expense and
other underwriting expenses			14,617,718				14,086,013				14,383,144				14,166,078				57,252,953
Net income (loss)			(5,444,203	)			4,608,190				(1,227,856	)			3,036,259				972,390
Basic earnings (loss) per share		$	(0.50	)		$	0.43			$	(0.12	)		$	0.28			$	0.09
Diluted earnings (loss) per share		$	(0.50	)		$	0.43			$	(0.12	)		$	0.28			$	0.09

		2019
		March 31,				June 30,				September 30,				December 31,				Total
Net premiums earned		$	29,595,889			$	31,201,279			$	34,220,010			$	32,606,264			$	127,623,442
Ceding commission revenue			1,277,683				675,695				1,029,582				1,667,891				4,650,851
Net investment income			1,623,712				1,719,769				1,856,553				1,669,312				6,869,346
Net gains on investments			2,035,363				678,655				998,162				878,839				4,591,019
Total revenues			34,848,269				34,615,312				38,447,698				37,208,687				145,119,966
Loss and loss adjustment expenses			29,134,224				17,672,308				24,781,318				18,594,474				90,182,324
Commission expense and
other underwriting expenses			12,975,718				12,720,317				14,153,559				14,663,720				54,513,314
Net income (loss)			(7,335,190	)			1,639,380				(1,725,162	)			1,454,619				(5,966,353	)
Basic earnings (loss) per share		$	(0.68	)		$	0.15			$	(0.16	)		$	0.13			$	(0.55	)
Diluted earnings (loss) per share		$	(0.68	)		$	0.15			$	(0.16	)		$	0.13			$	(0.55	)

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- References

No definition available.

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- Definition

Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306

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