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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Net premiums earned $ 143,881,719 $ 108,080,629
Ceding commission revenue 89,681 14,202,353
Net investment income 6,621,392 6,505,603
Net gains on investments 9,786,955 1,590,616
Other income 851,494 990,550
Total revenues 161,231,241 131,369,751
Expenses    
Loss and loss adjustment expenses 101,972,596 66,431,072
Commission expense 33,114,103 31,828,174
Other underwriting expenses 26,254,143 25,424,779
Other operating expenses 4,183,211 4,282,773
Depreciation and amortization 3,290,445 2,864,583
Interest expense 1,826,180 1,826,180
Total expenses 170,640,678 132,657,561
Loss from operations before taxes (9,409,437) (1,287,810)
Income tax benefit (2,031,136) (2,260,200)
Net (loss) income (7,378,301) 972,390
Gross change in unrealized (losses) gains on available-for-sale-securities (5,111,234) 7,148,205
Reclassification adjustment for gains included in net income (5,120,822) (678,343)
Net change in unrealized (losses) gains (10,232,056) 6,469,862
Income tax benefit (expense) related to items of other comprehensive (loss) income 2,148,733 (1,358,670)
Other comprehensive (loss) income, net of tax (8,083,323) 5,111,192
Comprehensive (loss) income $ (15,461,624) $ 6,083,582
Earnings (loss) per common share:    
Basic $ (0.70) $ 0.09
Diluted $ (0.70) $ 0.09
Weighted average common shares outstanding    
Weighted average common shares outstanding, Basic 10,587,912 10,721,342
Weighted average common shares outstanding, Diluted 10,587,912 10,730,737
Dividends declared and paid per common share $ 0.1600 $ 0.1825