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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net premiums earned $ 29,360,976 $ 36,803,251 $ 83,936,424 $ 106,828,895
Ceding commission revenue 4,886,094 (7,276) 14,283,077 37,400
Net investment income 1,418,521 1,676,596 3,411,946 5,137,867
Net (losses) gains on investments (397,658) 204,534 (9,313,436) 5,480,202
Other income 269,702 280,869 750,169 577,261
Total revenues 35,537,635 38,957,974 93,068,180 118,061,625
Expenses        
Loss and loss adjustment expenses 22,027,516 35,740,235 63,624,755 79,060,117
Commission expense 8,702,190 8,201,935 25,534,307 24,711,115
Other underwriting expenses 7,276,101 6,562,743 20,717,047 19,722,705
Other operating expenses 809,597 855,499 2,357,367 3,141,077
Depreciation and amortization 824,975 820,091 2,472,348 2,480,085
Interest expense 456,545 456,545 1,369,635 1,369,635
Total expenses 40,096,924 52,637,048 116,075,459 130,484,734
Loss from operations before taxes (4,559,289) (13,679,074) (23,007,279) (12,423,109)
Income tax benefit (561,668) (3,060,809) (4,432,507) (2,817,108)
Net loss (3,997,621) (10,618,265) (18,574,772) (9,606,001)
Gross change in unrealized losses on available-for-sale-securities (5,047,679) (829,298) (22,556,319) (3,578,413)
Reclassification adjustment for losses (gains) included in net loss 4,247 (335,668) 55,927 (1,071,439)
Net change in unrealized losses (5,043,432) (1,164,966) (22,500,392) (4,649,852)
Income tax benefit related to items of other comprehensive loss 1,059,120 244,643 4,725,083 976,470
Other comprehensive loss, net of tax (3,984,312) (920,323) (17,775,309) (3,673,382)
Comprehensive loss $ (7,981,933) $ (11,538,588) $ (36,350,081) $ (13,279,383)
Loss per common share:        
Basic $ (0.38) $ (1.01) $ (1.75) $ (0.90)
Diluted $ (0.38) $ (1.01) $ (1.75) $ (0.90)
Weighted average common shares outstanding        
Basic 10,645,675 10,523,515 10,640,290 10,622,988
Diluted 10,645,675 10,523,515 10,640,290 10,622,988
Dividends declared and paid per common share $ 0.04 $ 0.04 $ 0.12 $ 0.12