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Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Data (Unaudited)

Schedule of Quarterly Financial Data

		2021
		March 31,				June 30,				September 30,				December 31,				Total
Net premiums earned		$	34,589,218			$	35,436,426			$	36,803,251			$	37,052,824			$	143,881,719
Ceding commission revenue			(1,065	)			45,741				(7,276	)			52,281				89,681
Net investment income			1,783,196				1,678,075				1,676,596				1,483,525				6,621,392
Net gains on investments			2,960,407				2,315,261				204,534				4,306,753				9,786,955
Total revenues			39,503,202				39,600,449				38,957,974				43,169,616				161,231,241
Loss and loss adjustment expenses			22,560,672				20,759,210				35,740,235				22,912,479				101,972,596
Commission expense and other underwriting expenses			14,690,881				14,978,261				14,764,678				14,934,426				59,368,246
Net income (loss)			(311,097	)			1,323,361				(10,618,265	)			2,227,700				(7,378,301	)
Basic earnings (loss) per share		$	(0.03	)		$	0.12			$	(1.01	)		$	0.21			$	(0.70	)
Diluted earnings (loss) per share		$	(0.03	)		$	0.12			$	(1.01	)		$	0.21			$	(0.70	)
		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

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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=124502072&loc=d3e1280-108306

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