XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Assets    
Fixed-maturity securities, held-to-maturity, at amortized cost (fair value of $6,913,536 at June 30, 2022 and $8,753,159 at December 31, 2021) $ 7,768,218 $ 8,266,334
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $156,683,115 at June 30, 2022 and $155,808,478 at December 31, 2021) 141,497,787 158,080,110
Equity securities, at fair value (cost of $30,239,520 at June 30, 2022 and $37,470,669 at December 31, 2021) 26,064,545 39,687,002
Other Investments 5,253,582 7,561,415
Total Investments 180,584,132 213,594,861
Cash And Cash Equivalents 13,200,128 24,290,598
Premiums Receivable, Net 11,994,265 12,318,336
Reinsurance Receivables, Net 54,652,171 40,292,438
Deferred Policy Acquisition Costs 22,025,938 22,238,987
Intangible Assets 500,000 500,000
Property And Equipment, Net 10,185,098 9,291,597
Deferred Income Taxes, Net 7,344,092 192,253
Other Assets 6,147,440 8,593,205
Total Assets 306,633,264 331,312,275
Liabilities    
Loss And Loss Adjustment Expense Reserves 98,903,060 94,948,745
Unearned Premiums 98,152,959 97,759,607
Advance Premiums 5,773,444 2,693,466
Reinsurance Balances Payable 10,877,113 12,961,568
Deferred Ceding Commission Revenue 9,759,340 9,748,508
Accounts Payable, Accrued Expenses And Other Liabilities 6,166,043 7,704,396
Debt, Net 29,911,881 29,823,791
Total Liabilities 259,543,840 255,640,081
Commitments and Contingencies (Note 11)    
Preferred Stock, $.01 Par Value; Authorized 2,500,000 Shares 0 0
Common Stock, $.01 Par Value; Authorized 20,000,000 Shares; Issued 12,117,081 Shares At June 30, 2022 And 11,955,660 Shares At December 31, 2021; Outstanding 10,645,675 Shares At June 30, 2022 And 10,484,254 Shares At December 31, 2021 121,171 119,557
Capital In Excess Of Par 73,102,513 72,467,483
Accumulated Other Comprehensive (loss) Income (11,994,258) 1,796,739
(accumulated Deficit) Retained Earnings (8,572,521) 6,855,896
Treasury Stock, At Cost, 1,471,406 Shares At March 31, 2022 And December 31, 2021 (5,567,481) (5,567,481)
Total Stockholders' Equity 47,089,424 75,672,194
Total Liabilities And Stockholders' Equity $ 306,633,264 $ 331,312,275