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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (18,574,772) $ (9,606,001)
(used in) provided by operating activities:    
Net gains on investments (599,773) (2,793,522)
Net unrealized losses (gains) on equity investments 7,549,640 (592,397)
Net unrealized losses (gains) on other investments 2,363,568 (2,094,283)
Depreciation and amortization 2,472,348 2,480,085
Bad debt expense 43,365 150,024
Amortization of bond premium, net 922,257 165,413
Amortization of discount and issuance costs on debt 132,135 132,135
Stock-based compensation 1,204,865 1,447,725
Deferred income tax benefit (3,939,612) (2,642,595)
Decrease (increase) in operating assets:    
Premiums receivable, net (616,493) 360,296
Reinsurance receivables, net (19,073,499) 22,498,715
Deferred policy acquisition costs (966,697) (1,119,401)
Other assets 95,613 (406,756)
Increase (decrease) in operating liabilities:    
Loss and loss adjustment expense reserves 11,980,153 18,242,890
Unearned premiums 6,029,773 2,644,506
Advance premiums 3,933,809 2,665,160
Reinsurance balances payable (1,486,321) (2,713,643)
Deferred ceding commission revenue 571,862 (5,673)
Accounts payable, accrued expenses and other liabilities 36,341 267,109
Net cash flows (used in) provided by operating activities (7,921,438) 29,079,787
Cash flows from investing activities:    
Purchase - fixed-maturity securities held-to-maturity (498,711) (3,175,686)
Purchase - fixed-maturity securities available-for-sale (24,874,443) (32,753,786)
Purchase - equity securities (637,897) (17,834,076)
Purchase - other investments 0 (2,000,000)
Redemption - fixed-maturity securities held-to-maturity 1,000,000 1,312,500
Sale and maturity - fixed-maturity securities available-for-sale 14,213,435 33,335,036
Sale - equity securities 11,962,513 14,507,384
Sale - real estate partnership 0 233,798
Redemption - other investments 2,576,272 0
Acquisition of property and equipment (3,342,258) (2,923,124)
Net cash flows provided by (used in) investing activities 398,911 (9,297,954)
Cash flows from financing activities:    
Withholding taxes paid on vested retricted stock awards (379,799) (191,092)
Purchase of treasury stock 0 (1,671,598)
Dividends paid (1,277,066) (1,274,797)
Net cash flows used in financing activities (1,656,865) (3,137,487)
(Decrease) increase in cash and cash equivalents (9,179,392) 16,644,346
Cash and cash equivalents, beginning of period 24,290,598 19,463,742
Cash and cash equivalents, end of period 15,111,206 36,108,088
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest $ 825,000 $ 825,000