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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net (loss) income $ (7,378,301) $ 972,390
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:    
Net gains on investments (7,234,028) (832,418)
Net unrealized (gains) losses on equity investments (276,340) 175,515
Net unrealized gains on other investments (2,276,587) (933,713)
Depreciation and amortization 3,290,445 2,864,583
Bad debt expense 160,369 128,585
Amortization of bond premium, net 260,343 614,307
Amortization of discount and issuance costs on debt 176,180 176,180
Stock-based compensation 1,904,935 1,769,649
Deferred income tax (benefit) expense (2,200,433) 3,109,295
Decrease (increase) in operating assets:    
Premiums receivable, net (659,066) 758,187
Reinsurance receivables, net 5,168,291 (4,710,191)
Deferred policy acquisition costs (2,096,472) 491,863
Other assets 667,952 (2,286,399)
Increase (decrease) in operating liabilities:    
Loss and loss adjustment expense reserves 12,147,517 2,302,617
Unearned premiums 7,750,335 (373,966)
Advance premiums 33,112 (531,158)
Reinsurance balances payable 5,981,833 (4,734,989)
Deferred ceding commission revenue 9,654,989 (7,641,879)
Accounts payable, accrued expenses and other liabilities (728,837) (1,553,084)
Net cash flows provided by (used in) operating activities 24,346,237 (10,234,626)
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 (91,210,388) (18,524,314)
Purchase - equity securities (19,195,630) (20,967,535)
Purchase - other investments (2,000,000)  
Sale and redemption - fixed-maturity securities held-to-maturity 2,217,428 500,000
Sale and maturity - fixed-maturity securities available-for-sale 85,347,589 35,845,934
Sale - equity securities 16,333,946 11,096,028
Sale - real estate partnership 233,798  
Acquisition of property and equipment (4,498,919) (3,327,070)
Net cash flows (used in) provided by investing activities (15,947,862) 581,293
Cash flows from financing activities:    
Withholding taxes paid on vested retricted stock awards (205,773) (133,937)
Purchase of treasury stock (1,671,598) (1,183,331)
Dividends paid (1,694,148) (1,957,142)
Net cash flows used in financing activities (3,571,519) (3,274,410)
Increase (decrease) in cash and cash equivalents 4,826,856 (12,927,743)
Cash and cash equivalents, beginning of period 19,463,742 32,391,485
Cash and cash equivalents, end of period 24,290,598 19,463,742
Supplemental disclosures of cash flow information:    
Cash paid for income taxes   382,437
Cash paid for interest $ 1,650,000 $ 1,650,000