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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Net premiums earned $ 29,508,196 $ 27,902,068 $ 57,763,149 $ 54,575,448
Ceding commission revenue 5,412,210 4,715,587 10,857,617 9,396,983
Net investment income 1,451,356 634,325 2,992,848 1,993,425
Net gains (losses) on investments 197,142 (4,517,373) 1,422,013 (8,915,778)
Other income 151,084 244,643 312,124 480,467
Total revenues 36,719,988 28,979,250 73,347,751 57,530,545
Expenses        
Loss and loss adjustment expenses 19,580,702 18,656,041 44,620,112 41,597,239
Commission expense 8,471,182 8,481,031 17,010,944 16,832,117
Other underwriting expenses 6,683,638 6,624,997 13,555,257 13,440,946
Other operating expenses 763,414 665,815 1,426,048 1,547,770
Depreciation and amortization 778,502 877,263 1,586,632 1,647,373
Interest expense 1,005,974 456,545 2,015,865 913,090
Total expenses 37,283,412 35,761,692 80,214,858 75,978,535
Loss from operations before taxes (563,424) (6,782,442) (6,867,107) (18,447,990)
Income tax benefit (41,407) (1,402,823) (1,290,380) (3,870,839)
Net loss (522,017) (5,379,619) (5,576,727) (14,577,151)
Other comprehensive (loss) income, net of tax        
Gross change in unrealized (losses) gains on available-for-sale-securities (1,132,528) (7,642,863) 1,334,898 (17,508,640)
Reclassification adjustment for losses included in net loss 10,381 10,356 13,020 51,680
Net change in unrealized (losses) gains, on available-for-sale-securities (1,122,147) (7,632,507) 1,347,918 (17,456,960)
Income tax benefit (expense) related to items of other comprehensive (loss) income 235,651 1,602,827 (283,062) 3,665,963
Other comprehensive (loss) income, net of tax (886,496) (6,029,680) 1,064,856 (13,790,997)
Comprehensive loss $ (1,408,513) $ (11,409,299) $ (4,511,871) $ (28,368,148)
Loss per common share:        
Basic $ (0.05) $ (0.51) $ (0.52) $ (1.37)
Diluted $ (0.05) $ (0.51) $ (0.52) $ (1.37)
Weighted average common shares outstanding        
Basic 10,755,848 10,644,578 10,753,974 10,637,553
Diluted 10,755,848 10,644,578 10,753,974 10,637,553
Dividends declared and paid per common share $ 0 $ 0.04 $ 0 $ 0.08