XML 62 R42.htm IDEA: XBRL DOCUMENT

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Data (Unaudited)

Schedule of Quarterly Financial Data

		2023
		March 31,				June 30,				September 30,				December 31,				Total

Net premiums earned		$	28,254,953			$	29,508,196			$	27,938,318			$	28,682,796			$	114,384,263
Ceding commission revenue			5,445,407				5,412,210				5,536,327				4,659,550				21,053,494
Net investment income			1,541,492				1,451,356				1,444,360				1,571,474				6,008,682
Net gains (losses) on investments			1,224,871				197,142				(824,370	)			1,536,911				2,134,554
Total revenues			36,627,763				36,719,988				34,236,671				36,606,292				144,190,714
Loss and loss adjustment expenses			25,039,410				19,580,702				21,932,453				16,296,645				82,849,210
Commission expense and
other underwriting expenses			15,411,381				15,154,820				14,529,055				14,179,335				59,274,591
Net (loss) income			(5,054,710	)			(522,017	)			(3,537,571	)			2,945,952				(6,168,346	)
Basic (loss) earnings per share		$	(0.47	)		$	(0.05	)		$	(0.33	)		$	0.27			$	(0.57	)
Diluted (loss) earnings per share		$	(0.47	)		$	(0.05	)		$	(0.33	)		$	0.26			$	(0.57	)

		2022
		March 31,				June 30,				September 30,				December 31,				Total

Net premiums earned		$	26,673,380			$	27,902,068			$	29,360,976			$	30,448,107			$	114,384,531
Ceding commission revenue			4,681,396				4,715,587				4,886,094				5,036,314				19,319,391
Net investment income			1,359,100				634,325				1,418,521				1,524,832				4,936,778
Net losses on investments			(4,398,405	)			(4,517,373	)			(397,658	)			(78,429	)			(9,391,865	)
Total revenues			28,551,295				28,979,250				35,537,635				37,091,110				130,159,290
Loss and loss adjustment expenses			22,941,198				18,656,041				22,027,516				24,765,287				88,390,042
Commission expense and
other underwriting expenses			15,167,035				15,106,028				15,978,291				15,027,269				61,278,623
Net loss			(9,197,532	)			(5,379,619	)			(3,997,621	)			(3,950,022	)			(22,524,794	)
Basic loss per share		$	(0.87	)		$	(0.51	)		$	(0.38	)		$	(0.37	)		$	(2.12	)
Diluted loss per share		$	(0.87	)		$	(0.51	)		$	(0.38	)		$	(0.37	)		$	(2.12	)