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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues    
Net premiums earned $ 114,384,531 $ 143,881,719
Ceding commission revenue 19,319,391 89,681
Net investment income 4,936,778 6,621,392
Net (losses) gains on investments (9,391,865) 9,786,955
Other income 910,455 851,494
Total revenues 130,159,290 161,231,241
Expenses    
Loss and loss adjustment expenses 88,390,042 101,972,596
Commission expense 34,581,617 33,114,103
Other underwriting expenses 26,697,006 26,254,143
Other operating expenses 3,113,473 4,183,211
Depreciation and amortization 3,300,445 3,290,445
Interest expense 2,019,047 1,826,180
Total expenses 158,101,630 170,640,678
Loss from operations before taxes (27,942,340) (9,409,437)
Income tax benefit (5,417,546) (2,031,136)
Net loss (22,524,794) (7,378,301)
Other comprehensive loss, net of tax    
Gross change in unrealized losses on available-for-sale-securities (22,540,229) (5,111,234)
Reclassification adjustment for losses (gains) included in net loss 65,333 (5,120,822)
Net change in unrealized losses (22,474,896) (10,232,056)
Income tax benefit related to items of other comprehensive loss 4,719,729 2,148,733
Other comprehensive loss, net of tax (17,755,167) (8,083,323)
Comprehensive loss $ (40,279,961) $ (15,461,624)
Loss per common share:    
Basic $ (2.12) $ (0.70)
Diluted $ (2.12) $ (0.70)
Weighted average common shares outstanding    
Basic 10,645,365 10,587,912
Diluted 10,645,365 10,587,912
Dividends declared and paid per common share $ 0.12 $ 0.16