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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Net premiums earned $ 28,254,953 $ 26,673,380
Ceding commission revenue 5,445,407 4,681,396
Net investment income 1,541,492 1,359,100
Net gains (losses) on investments 1,224,871 (4,398,405)
Other income 161,040 235,824
Total revenues 36,627,763 28,551,295
Expenses    
Loss and loss adjustment expenses 25,039,410 22,941,198
Commission expense 8,539,762 8,351,086
Other underwriting expenses 6,871,619 6,815,949
Other operating expenses 662,634 881,955
Depreciation and amortization 808,130 770,110
Interest expense 1,009,891 456,545
Total expenses 42,931,446 40,216,843
Loss from operations before taxes (6,303,683) (11,665,548)
Income tax benefit (1,248,973) (2,468,016)
Net loss (5,054,710) (9,197,532)
Other comprehensive income (loss), net of tax    
Gross change in unrealized gains (losses) on available-for-sale-securities 2,467,426 (9,865,777)
Reclassification adjustment for losses included in net loss 2,639 41,324
Net change in unrealized gains (losses), on available-for-sale-securities 2,470,065 (9,824,453)
Income tax (expense) benefit related to items of other comprehensive income (loss) (518,713) 2,063,136
Other comprehensive income, net of tax 1,951,352 (7,761,317)
Comprehensive loss $ (3,103,358) $ (16,958,849)
Loss per common share:    
Basic $ (0.47) $ (0.87)
Diluted $ (0.47) $ (0.87)
Weighted average common shares outstanding    
Basic 10,756,913 10,630,450
Diluted 10,756,913 10,630,450
Dividends declared and paid per common share $ 0 $ 0.04