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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (9,606,001) $ (2,063,869)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:    
Net gains on sale of investments (2,793,522) (857,650)
Net unrealized gains on equity investments (592,397) 2,740,489
Net unrealized gains of other investments (2,094,283) (244,165)
Depreciation and amortization 2,480,085 2,070,435
Bad debt expense 150,024 70,666
Amortization of bond premium, net 165,413 518,146
Amortization of discount and issuance costs on long-term debt 132,135 132,135
Stock-based compensation 1,447,725 1,373,283
Deferred income tax (benefit) expense (2,642,595) 1,154,475
(Increase) decrease in operating assets:    
Premiums receivable, net 360,296 (1,247,963)
Reinsurance receivables, net 22,498,715 (14,778,870)
Deferred policy acquisition costs (1,119,401) 718,053
Other assets (406,756) (2,010,253)
Increase (decrease) in operating liabilities:    
Loss and loss adjustment expense reserves 18,242,890 4,480,413
Unearned premiums 2,644,506 (2,215,602)
Advance premiums 2,665,160 1,727,744
Reinsurance balances payable (2,713,643) (1,652,075)
Deferred ceding commission revenue (5,673) (528,256)
Accounts payable, accrued expenses and other liabilities 267,109 1,147,858
Net cash flows provided by (used in) operating activities 29,079,787 (9,465,006)
Cash flows from investing activities:    
Purchase - fixed-maturity securities held-to-maturity (3,175,686) (4,041,750)
Purchase - fixed-maturity securities available-for-sale (32,753,786) (12,447,259)
Purchase - equity securities (17,834,076) (15,614,675)
Purchase - other investments (2,000,000) 0
Sale or maturity - fixed-maturity securities available-for-sale 33,335,036 29,666,158
Sale - equity securities 14,507,384 8,103,697
Sale - real estate partnership 233,798 0
Acquisition of property and equipment (2,923,124) (2,238,432)
Net cash flows (used in) provided by investing activities (9,297,954) 3,927,739
Cash flows from financing activities:    
Withholding taxes paid on vested retricted stock awards (191,092) (133,937)
Purchase of treasury stock (1,671,598) (801,788)
Dividends paid (1,274,797) (1,530,390)
Net cash flows used in financing activities (3,137,487) (2,466,115)
Increase (decrease) in cash and cash equivalents 16,644,346 (8,003,382)
Cash and cash equivalents, beginning of period 19,463,742 32,391,485
Cash and cash equivalents, end of period 36,108,088 24,388,103
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 388,000
Cash paid for interest $ 825,000 $ 825,000