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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Net Premiums Earned $ 27,902,068 $ 35,436,426 $ 54,575,448 $ 70,025,644
Ceding Commission Revenue 4,715,587 45,741 9,396,983 44,676
Net Investment Income 634,325 1,678,075 1,993,425 3,461,271
Net (losses) Gains On Investments (4,517,373) 2,315,261 (8,915,778) 5,275,668
Other Income 244,643 124,946 480,467 296,392
Total Revenues 28,979,250 39,600,449 57,530,545 79,103,651
Expenses        
Loss And Loss Adjustment Expenses 18,656,041 20,759,210 41,597,239 43,319,882
Commission Expense 8,481,031 8,285,341 16,832,117 16,509,180
Other Underwriting Expenses 6,624,997 6,692,920 13,440,946 13,159,962
Other Operating Expenses 665,815 933,272 1,547,770 2,285,578
Depreciation And Amortization 877,263 837,654 1,647,373 1,659,994
Interest Expense 456,545 456,545 913,090 913,090
Total Expenses 35,761,692 37,964,942 75,978,535 77,847,686
Loss From Operations Before Taxes (6,782,442) 1,635,507 (18,447,990) 1,255,965
Income Tax Benefit (1,402,823) 312,146 (3,870,839) 243,701
Net Loss (5,379,619) 1,323,361 (14,577,151) 1,012,264
Gross Change In Unrealized Losses On Available-for-sale-securities (7,642,863) 1,074,164 (17,508,640) (2,749,115)
Reclassification Adjustment For Losses (gains) Included In Net Loss 10,356 (341,474) 51,680 (735,771)
Net Change In Unrealized Losses (7,632,507) 732,690 (17,456,960) (3,484,886)
Income Tax Benefit Related To Items Of Other Comprehensive Loss 1,602,827 (153,865) 3,665,963 731,827
Other Comprehensive Loss, Net Of Tax (6,029,680) 578,825 (13,790,997) (2,753,059)
Comprehensive Loss $ (11,409,299) $ 1,902,186 $ (28,368,148) $ (1,740,795)
Loss Per Common Share:        
Basic $ (0.51) $ 0.12 $ (1.37) $ 0.09
Diluted $ (0.51) $ 0.12 $ (1.37) $ 0.09
Weighted Average Common Shares Outstanding        
Basic 10,644,578 10,670,831 10,637,553 10,673,550
Diluted 10,644,578 10,846,724 10,637,553 10,809,924
Dividends Declared And Paid Per Common Share $ 0.04 $ 0.04 $ 0.08 $ 0.08