Unico American (UNAM) 10-K 25 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 25, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	Unico American Corporation
Entity Central Index Key	100,716
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 25,921,651
Entity Common Stock, Shares Outstanding		5,307,133
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Investments
Fixed maturities, at fair value (amortized cost: $82,202,727 at December 31, 2015, and $35,153,111 at December 31, 2014)	$ 82,161,291	$ 35,158,556
Short-term investments, at fair value	15,640,803	72,259,408
Available-for-sale:
Total Investments	97,802,094	107,417,964
Cash	334,495	309,162
Accrued investment income	85,915	42,895
Receiveable, net	5,505,361	5,170,313
Reinsurance Recoverable:
Paid losses and loss adjustment expenses	751,323	201,007
Unpaid losses and loss adjustment expenses	9,636,961	5,162,775
Deferred policy acquisition costs	4,233,396	3,882,825
Property and equipment (net)	10,220,720	10,510,306
Deferred income taxes	1,334,087	1,518,534
Other assets	10,266,083	1,799,788
Total Assets	140,170,435	136,015,569
LIABILITIES
Unpaid losses and loss adjustment expenses	49,093,571	44,396,558
Unearned premium	18,079,253	16,607,179
Advance premium and premium deposits	212,255	250,421
Accrued expenses and other liabilities	2,443,284	2,986,317
Total Liabilities	69,828,363	64,240,475
STOCKHOLDERS' EQUITY
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,315,945 at December 31, 2015, and 5,341,147 at December 31, 2014	3,742,547	3,731,828
Accumulated other comprehensive income (loss)	(27,348)	3,594
Retained earnings	66,626,873	68,039,672
Total Stockholders Equity	70,342,072	71,775,094
Total Liabilities and Stockholders' Equity	$ 140,170,435	$ 136,015,569

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Consolidated Balance Sheets Parenthetical
Fixed Maturities at Amortized cost	$ 82,202,727	$ 35,153,111
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	5,315,945	5,341,147
Common stock, shares outstanding	5,315,945	5,341,147

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Net premium earned	$ 29,573,796	$ 26,373,423	$ 26,862,307
Investment income	478,950	161,183	331,829
Net realized investments losses	(7,251)	0	0
Other income	375,493	931,991	611,950
Total Insurance Company Operation	30,420,988	27,466,597	27,806,086
Other Insurance Operations
Gross commissions and fees	2,773,742	2,917,964	3,239,407
Investment income	414	555	1,168
Finance fees earned	65,730	67,012	76,845
Other income	3,765	18,112	7,386
Total Revenues	33,264,639	30,470,240	31,130,892
EXPENSES
Losses and loss adjustment expenses	19,163,316	14,617,118	16,089,175
Policy acquisition costs	6,465,232	5,986,108	6,032,127
Salaries and employee benefits	4,853,161	4,992,131	5,010,710
Commissions to agents/brokers	166,641	192,684	232,101
Other operating expenses	4,351,247	3,385,694	2,526,004
Total Expenses	34,999,597	29,173,735	29,890,117
Income (loss) before income taxes	(1,734,958)	1,296,505	1,240,775
Income tax expense (benefit)	(552,088)	450,144	637,107
Net Income (loss)	$ (1,182,870)	$ 846,361	$ 603,668
Basic
Earnings (loss) per share	$ (.22)	$ 0.16	$ .11
Weighted average shares	5,335,540	5,341,147	5,341,147
Diluted
Earnings (loss) per share	$ (.22)	$ 0.16	$ .11
Weighted average shares	5,335,540	5,346,552	5,344,212

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements Of Comprehensive Income Loss
Net income (loss)	$ (1,182,870)	$ 846,361	$ 603,668
Other changes in comprehensive income (loss), net of tax:
Unrealized gains (losses) on securities classified as available-for-sale arising during the period	(46,881)	14,202	(192,548)
Income tax benefit related to unrealized losses on securities classified as available-for-sale arising during the period	15,939	(4,828)	65,466
Comprehensive Income (Loss)	$ (1,213,812)	$ 855,735	$ 476,586

Shareholders Equity

Shareholders Equity - USD ($)	Common Stock	Comprehensive Income / Loss	Retained Earnings / Accumulated Deficit	Total
Beginning Balance, Value at Dec. 31, 2012	$ 3,685,620	$ 121,302	$ 66,589,643	$ 70,396,565
Beginning Balance, Shares at Dec. 31, 2012	5,341,147
Change in Comprehensive Income, net of Deferred Income Tax		(127,082)		(127,082)
Non-cash stock based compensation	$ 23,104			23,104
Net Income			603,668	603,668
Ending Balance, Value at Dec. 31, 2013	$ 3,708,724	(5,780)	67,193,311	70,896,255
Ending Balance, Shares at Dec. 31, 2013	5,341,147
Change in Comprehensive Income, net of Deferred Income Tax		9,374		9,374
Non-cash stock based compensation	$ 23,104			23,104
Net Income			846,361	846,361
Ending Balance, Value at Dec. 31, 2014	$ 3,731,828	3,594	68,039,672	71,775,094
Ending Balance, Shares at Dec. 31, 2014	5,341,147
Shares Repurchased, Value	$ (12,385)		(229,929)	(242,314)
Shares Repurchased, Shares	(25,202)
Change in Comprehensive Income, net of Deferred Income Tax		(30,942)		(30,942)
Non-cash stock based compensation	$ 23,104			23,104
Net Income			(1,182,870)	(1,182,870)
Ending Balance, Value at Dec. 31, 2015	$ 3,742,547	$ (27,348)	$ 66,626,873	$ 70,342,072
Ending Balance, Shares at Dec. 31, 2015	5,315,945

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities:
Net Income (Loss)	$ (1,182,870)	$ 846,361	$ 603,668
Adjustments to reconcile net income (loss) to net cash from operations
Depreciation and amortization	341,264	539,608	307,237
Bond amortization, net	(18,758)	(5,200)	4,067
Non-cash based compensation	23,104	23,104	23,104
Loss on asset impairment	1,287,460	0	0
Net receivables and accrued investment income	(378,068)	(51,242)	738,304
Reinsurance recoverable	(5,024,502)	(751,713)	2,277,275
Deferred policy acquisition costs	(350,571)	(246,822)	149,591
Other assets	(7,704,948)	64,257	(1,033,665)
Unpaid losses and loss adjustment expenses	4,697,013	519,729	(5,907,896)
Unearned premium	1,472,074	1,346,397	(769,452)
Advance premium and premium deposits	(38,166)	(214,407)	(291,362)
Accrued expenses and other liabilities	(543,033)	631,823	(685,818)
Income taxes current/deferred	(560,961)	(233,709)	476,643
Net Cash Provided (Used) by Operating Activities	(7,980,962)	2,468,186	(4,108,304)
Cash Flows from Investing Activities
Purchase of fixed maturity investments	(57,929,858)	(25,303,347)	(9,394,419)
Proceeds from maturity of fixed maturity investments	10,899,000	2,100,000	30,890,000
Net (increase) decrease in short-term investments	56,618,605	21,547,909	(7,551,068)
Acquisition of land and building	0	0	(9,000,000)
(Additions) to property and equipment	(1,339,138)	(879,974)	(620,327)
Net Cash Provided (Used) by Investing Activities	8,248,609	(2,535,412)	4,324,186
Cash Flows from Financing Activities
Repurchase of common stock	(242,314)	0	0
Dividends paid to shareholders	0	0	0
Proceeds from issuance of common stock	0	0	0
Tax benefit from disqualified incentive stock options	0	0	0
Net Cash Provided (Used) by Financing Activities	(242,314)	0	0
Net increase (decrease) in cash	25,333	(67,226)	215,882
Cash at beginning of period	309,162	376,388	160,506
Cash at End of Period	334,495	309,162	376,388
Cash paid during the period for:
Income taxes	$ 8,960	$ 683,800	$ 158,953

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Summary of Significant Accounting Policies	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Unico American Corporation is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty and health insurance through its agency subsidiaries; and provides insurance premium financing and membership association services through its other subsidiaries. Unico American Corporation is referred to herein as the "Company" or "Unico," and such references include both the corporation and its subsidiaries, all of which are wholly owned. Unico was incorporated under the laws of Nevada in 1969. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Unico American Corporation and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Basis of Presentation The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP). As described in Note 14, the Company's insurance subsidiary also files financial statements with regulatory agencies prepared on a statutory basis of accounting that differs from GAAP. Use of Estimates in the Preparation of the Financial Statements The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect its reported amounts of assets and liabilities and its disclosure of any contingent assets and liabilities at the date of its financial statements, as well as its reported amounts of revenues and expenses during the reporting period. The most significant assumptions in the preparation of these consolidated financial statements relate to losses and loss adjustment expenses. While every effort is made to ensure the integrity of such estimates, actual results may differ. Investments All of the Company’s fixed maturity investments are classified as available-for-sale and are stated at fair value, with unrealized gains or losses, net of applicable deferred income taxes, excluded from earnings and credited or charged to a separate component of equity. Although all of the Company's investments are classified as available-for-sale and the Company may sell investment securities from time to time in response to economic and market conditions, its investment guidelines place primary emphasis on buying and holding high-quality investments to maturity. Interest income on fixed maturity investments and short-term investments is recognized on an accrual basis at each measurement date and is included in net investment income in the Company’s Consolidated Statements of Operations. The Company has a comprehensive portfolio monitoring process to identify and evaluate each fixed income security whose carrying value may be other-than-temporarily impaired. For each fixed income security in an unrealized loss position, the Company assesses whether it is more likely than not that the Company will be required to sell the security before recovery of the amortized cost basis for reasons such as liquidity, contractual or regulatory purposes, or the credit quality of the underlying security. If a security meets this criteria, the security's decline in fair value is considered other than temporary and is recorded as a net realized investment loss in the Consolidated Statements of Operations and in the Consolidated Statements of Comprehensive Income (Loss) based on the specific identification method. There were no realized investments gains (losses) from other than temporary impairments for any of the periods presented in the accompanying Consolidated Statements of Operations. For each fixed income security that the Company does not intend to sell or for which it is more likely than not that the Company would not be required to sell before an anticipated recovery in value, the Company separates the credit loss component of the impairment, if any, from the amount related to all other factors and reports the credit loss component in net realized investment gains (losses). There was no credit loss component for any of the periods presented in the accompanying Consolidated Statements of Operations. The unrealized gains from fixed maturities are reported as “Accumulated other comprehensive income (loss),” which is a separate component of stockholders’ equity, net of any deferred tax effect. Short-term investments include U.S. treasury bills, a U.S. treasury money market fund, certificates of deposit and bank money market and savings accounts that are all highly rated and redeemable within one year. Fair Value of Financial Instruments The Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). Financial assets and financial liabilities recorded on the Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs to the valuation techniques. (See Note 4.) The Company has used the following methods and assumptions in estimating its fair value disclosures: Fixed maturities: 1. Investment securities, excluding long-term certificates of deposit – Fair values are obtained from a national quotation service. 2. Long-term certificates of deposit – The carrying amounts reported at cost in the Consolidated Balance Sheets for these instruments approximate their fair values. Cash and short-term investments – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Receivables, net – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Accrued expenses and other liabilities – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate the fair values given the short-term nature of these instruments. Property and Equipment All property and equipment is stated at cost less accumulated depreciation and amortization on the Consolidated Balance Sheets. The Company acquired an office building located at 26050 Mureau Road, Calabasas, California, in September 2013. Leasehold improvements to the structure are amortized over the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Improvements to the structure are amortized over the useful life of the improvements. Depreciation on the Calabasas building is computed using the straight line method over 39 years. Depreciation on computed using the straight line method over 3 to 15 years. Amortization of leasehold improvements in the Calabasas building is being computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Depreciation on property and equipment located in Woodland Hills, California, is computed using straight line methods over 3 to 7 years. Amortization of leasehold improvements on property located in Woodland Hills, California, is computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Income Taxes The Company and its wholly owned subsidiaries file consolidated federal and state income tax returns. Pursuant to the tax allocation agreement, the Company’s wholly owned subsidiaries, Crusader Insurance Company (Crusader) and American Acceptance Corporation (AAC), are allocated taxes or tax credits in the case of losses, at current corporate rates based on their own taxable income or loss. The Company files income tax returns under U.S. federal and various state jurisdictions. The Company is subject to examination by U.S. federal income tax authorities for tax returns filed starting at taxable year 2012 and California state income tax authorities for tax returns filed starting at taxable year 2011. There are no ongoing examinations of income tax returns by federal or state tax authorities. As of December 31, 2015, the Company had no unrecognized tax benefits or liabilities. In addition, the Company had not accrued interest and penalties related to unrecognized tax benefits or liabilities. However, if interest and penalties would need to be accrued related to unrecognized tax benefits or liabilities, such amounts would be recognized as a component of federal income tax expense. As a California insurance company, Crusader is obligated to pay a premium tax on direct written premium in all states that Crusader is admitted. Premium taxes are deferred and amortized as the related premium is earned. The premium tax is in lieu of state franchise taxes and is not included in the provision for state taxes. The provision for federal income taxes is computed on the basis of income as reported for financial reporting purposes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, and are measured using the enacted tax rates and laws expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Income tax expense provisions increase or decrease in the same period in which a change in tax rates is enacted. At each balance sheet date, management assesses the need to establish a valuation allowance that reduces deferred tax assets when it is more-likely-than-not that any portion of the deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon generating sufficient taxable income of the appropriate character within the carryback and carryforward periods available under the tax law. Management considers the reversal of deferred tax liabilities, projected future taxable income of an appropriate nature and tax-planning strategies when making this assessment. Although realization is not assured, management believes that it is more likely-than-not that the Company’s deferred tax assets net of the valuation allowance will be realized. Earnings Per Share Basic earnings per share exclude the impact of common share equivalents and are based upon the weighted average common shares outstanding. Diluted earnings per share utilize the average market price per share when applying the treasury stock method in determining common share dilution. When outstanding stock options are dilutive, they are treated as common share equivalents for purposes of computing diluted earnings per share and represent the difference between basic and diluted weighted average shares outstanding. In loss periods, the options are excluded from the calculation of diluted earnings per share, as the inclusion of such options would have an anti-dilutive effect. Revenue Recognition a. General Agency Operations Commissions due the Company are recognized as income on the effective date of b. Insurance Company Operation Premium is earned on a pro-rata basis over the terms of the policies. Premium applicable to the unexpired terms of policies in force are recorded as unearned premium. The Company receives a commission on policies that are ceded to its reinsurers. This commission is considered earned on a pro-rata basis over the terms of the policies. c. Insurance Premium Financing Operations Premium finance interest may be charged to policyholders who choose to finance insurance premium. Interest may be charged at rates that vary with the amount of premium financed. Premium finance interest, if any, is recognized using a method that approximates the interest (actuarial) method. Other charges and fees earned include late fees, returned check fees and payment processing fees that are earned when recorded. Losses and Loss Adjustment Expenses The liability for unpaid losses and loss adjustment expenses is based upon the accumulation of individual case estimates for losses reported prior to the close of the accounting period plus estimates based on experience and industry data for development of case estimates and for incurred but unreported losses and loss adjustment expenses. There is a high level of uncertainty inherent in the evaluation of the required loss and loss adjustment expense reserves for Crusader. The long-tailed nature of liability claims and the volatility of jury awards exacerbate that uncertainty. Crusader records The ultimate cost of claims is dependent upon future events, the outcomes of which are affected by many factors. Crusader’s claim reserving procedures and settlement philosophy, current and perceived social and economic inflation, current and future court rulings and jury attitudes, improvements in medical technology, and many other economic, scientific, legal, political, and social factors all can have significant effects on the ultimate costs of claims. Changes in Company operations and management philosophy also may cause actual developments to vary from the past. Since the emergence and disposition of claims are subject to uncertainties, the net amounts that will ultimately be paid to settle claims may vary significantly from the estimated amounts provided for in the accompanying consolidated financial statements. Any adjustments to reserves are reflected in the operating results of the periods in which they are made. Management believes that the Restricted Funds Restricted funds are as follows: Year ended December 31 2015 2014 Premium trust funds (1) $ 44,181 $ 112,008 Assigned to state agencies (2) 700,000 700,000 Total restricted funds $ 744,181 $ 812,008 (1) As required by law, the Company segregates from its operating accounts the premium collected from insured’s that are payable to insurance companies into separate trust accounts. These amounts are included in cash and short-term investments. Trust restrictions on cash and short-term investments were $44,181 and $112,008 at December 31, 2015 and 2014, respectively. (2) Included in fixed maturity investments are statutory deposits assigned to and held by the California State Treasurer and the Insurance Commissioner of the State of Nevada. These deposits are required for writing certain lines of business in California and for admission in states other than California. Deferred Policy Acquisition Costs ASC Topic 944, “Financial Services – Insurance,” establishes uniformity in the practice of determining costs related to the acquisition of new or renewal insurance contracts that qualify for deferral. Policy acquisition costs consist of commissions, premium taxes, inspection fees and certain other underwriting costs, which are related to the successful production of Crusader insurance policies. Policy acquisition costs that are eligible for deferral are deferred and amortized as the related premium is earned and are limited to their estimated realizable value Ceding commission applicable to the unexpired terms Reinsurance Crusader employs reinsurance to provide greater diversification of business allowing management to control exposure to potential losses arising from large risks by reinsuring certain levels of risk in various areas of exposure, to reduce the loss that may arise from catastrophes, and to provide additional capacity for growth. Prepaid reinsurance premium and reinsurance receivables are reported as assets and represent ceded unearned premium and reinsurance recoverable on both paid and unpaid losses and loss adjustment expenses, respectively. Amounts recoverable from reinsurers are estimated in a manner consistent with the claim liability associated with the reinsured policies. Crusader evaluates each of its ceded reinsurance contracts at its inception to determine if there is sufficient risk transfer to allow the contract to be accounted for as reinsurance under current accounting literature. As of December 31, 2015, all such ceded contracts are accounted for as risk transfer reinsurance. Crusader evaluates and monitors the financial condition of its reinsurers and factors such as collection periods, disputes, applicable coverage defenses and other factors to assess the need for any allowance against anticipated reinsurance recoveries. No such allowance was considered necessary at December 31, 2015 or 2014. Segment Reporting ASC Topic 280, “Segment Reporting,” establishes standards for the way information about operating segments are reported in financial statements. The Company has identified its insurance company operation as its primary reporting segment. Revenues from this segment comprised 91% of consolidated revenues for the year ended December 31, 2015, 90% of consolidated revenues for the year ended December 31, 2014, and 89% of consolidated revenues for the year ended December 31, 2013. The Company’s remaining operations constitute a variety of specialty insurance services, each with unique characteristics and individually insignificant to consolidated revenues. The insurance company operation is conducted through Crusader, which as of December 31, 2015, was licensed as an admitted insurance carrier in the states of Arizona, California, Nevada, Oregon, and Washington. Crusader is a multi-line property and casualty insurance company, which began transacting business on January 1, 1985. For the year ended December 31, 2015, 98% of Crusader’s business was commercial multi-peril (CMP) insurance policies. CMP policies provide a combination of property and liability coverage for businesses. Commercial property coverage insures against loss or damage to buildings, inventory and equipment from natural disasters, including hurricanes, windstorms, hail, water, explosions, severe winter weather, and other events such as theft and vandalism, fires and storms and financial loss due to business interruption resulting from covered property damage. However, Crusader does not write earthquake coverage. Commercial liability coverage insures against third party liability from accidents occurring on the insured’s premises or arising out of its operations, such as injuries sustained from products sold or the operation of the insured’s premises. In addition to CMP policies, Crusader also writes separate policies to insure commercial property and commercial liability risks on a mono-line basis. Revenues, income before income taxes and assets by segment are as follows: Year ended December 31 2015 2014 2013 Revenues Insurance company operation $ 30,420,988 $ 27,466,597 $ 27,806,086 Other insurance operations 12,811,385 11,991,554 11,874,171 Intersegment eliminations (1) (9,967,734 ) (8,987,911 ) (8,549,365 ) Total other insurance operations 2,843,651 3,003,643 3,324,806 Total revenues $ 33,264,639 $ 30,470,240 $ 31,130,892 Income (loss) before income taxes Insurance company operation $ 1,161,930 $ 3,552,323 $ 3,276,209 Other insurance operations (2,896,888 ) (2,255,818 ) (2,035,434 ) Total income (loss) before income taxes $ (1,734,958 ) $ 1,296,505 $ 1,240,775 Assets Insurance company operation $ 118,482,261 $ 123,048,404 $ 118,996,312 Intersegment eliminations (2) (1,409,797 ) (1,657,750 ) (482,624 ) Total insurance company operation 117,072,464 121,390,654 118,513,688 Other insurance operations 23,097,971 14,624,915 14,339,500 Total assets $ 140,170,435 $ 136,015,569 $ 132,853,188 (1) Intersegment revenue eliminations reflect commissions paid by Crusader to Unifax Insurance Systems, Inc. (Unifax), a wholly owned subsidiary of Unico. (2) Intersegment asset eliminations reflect the elimination of Crusader receivables from Unifax and Unifax payables to Crusader. Concentration of Risks In 2015 and 2014, 99.5% and 99.8%, respectively, of Crusader’s direct written premium was derived from California. In 2015, approximately 39% and 40% of the $960,670 commission income from the Company’s health insurance program was from Guardian Life Insurance Company of America dental and group life plan programs and the Blue Shield Care Trust, health and life insurance programs, respectively. In 2014, approximately 38% and 39% of the $1,082,412 commission income from the Company’s health insurance program was from Guardian Life Insurance Company of America dental and group life plan programs and the Blue Shield Care Trust, health and life insurance programs, respectively. Crusader’s reinsurance recoverable on paid and unpaid losses and loss adjustment expenses is as follows: Name of Reinsurer A.M. Best Rating Amount Recoverable as of December 31, 2015 Amount Recoverable as of December 31, 2014 Platinum Underwriters Reinsurance, Inc. A $ 5,835,678 $ 2,880,171 Hannover Ruckversicherungs AG A+ 2,813,283 1,914,641 Partners Reinsurance Company of the U.S. A (30 ) (30 ) General Reinsurance Corporation A++ (29 ) (29 ) TOA Reinsurance A+ 1,739,410 544,535 QBE Reinsurance Corporation A (28 ) 24,494 Total $ 10,388,284 $ 5,363,782 Stock-Based Compensation Share-based compensation expense for all share-based payment awards granted or modified on or after January 1, 2006, is based on the grant-date fair value estimated in accordance with the provisions of ASC 718, “Compensation - Stock Compensation” using the modified prospective transition method. Recently Issued Accounting Standards In May 2015, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2015-09 “Disclosures About Short-Duration Contracts.” The objective of this ASU is to increase transparency about significant estimates in unpaid losses and loss adjustment expenses and provide additional information about amount, timing and uncertainty of cash flows related to unpaid losses and loss adjustment expenses. ASU 2015-09 is not expected to have any impact on the Company’s consolidated financial statements. The disclosure mandated by ASU 2015-09 will become effective for annual and quarterly reporting periods ended on and after December 31, 2016.

Advance Premium and Premium Dep

Advance Premium and Premium Deposits	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Advance Premium And Premium Deposits	NOTE 2 – ADVANCE PREMIUM AND PREMIUM DEPOSITS The insurance company operation records an advance premium liability that represents the deposits on written premium on policies that have been submitted to the Company and are bound, billed, and recorded prior to their effective date of coverage. The advance premium is not included in written premium or in the liability for unearned premium. Some of the Company’s health and life programs require payments of premium prior to the effective date of coverage; and, accordingly, invoices are sent out as early as two months prior to the coverage effective date. Insurance premium received for coverage months effective after the

Investments

Investments	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Investments	NOTE 3 – INVESTMENTS A summary of net investment income and net realized losses is as follows: Year ended December 31 2015 2014 2013 Fixed maturities $ 430,828 $ 102,471 $ 253,252 Short-term investments 48,536 59,267 79,745 Total investment income 479,364 161,738 332,997 Net realized losses (7,251 ) — — Investment income and net realized losses $ 472,113 $ 161,738 $ 332,997 The amortized cost and estimated fair value of fixed maturity investments at December 31, 2015, by contractual maturity are as follows. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. Amortized Cost Estimated Fair Value Due in one year or less $ 18,119,689 $ 18,115,190 Due after one year through five years 64,083,038 64,046,101 Total fixed maturities $ 82,202,727 $ 82,161,291 The amortized cost and estimated fair values of investments in fixed maturities by category are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2015 Available-for-sale: Fixed maturities Certificates of deposit $ 58,127,000 $ — $ — $ 58,127,000 U.S. treasury securities 24,075,727 3,188 (44,624 ) 24,034,291 Total fixed maturities $ 82,202,727 $ 3,188 $ (44,624 ) $ 82,161,291 December 31, 2014 Available-for-sale: Fixed maturities Certificates of deposit $ 15,089,000 $ — $ — $ 15,089,000 U.S. treasury securities 20,064,111 14,476 (9,031 ) 20,069,556 Total fixed maturities $ 35,153,111 $ 14,476 $ (9,031 ) $ 35,158,556 A summary of the unrealized appreciation (depreciation) on investments carried at fair value and the applicable deferred federal income taxes is shown below: Year ended December 31 2015 2014 Gross unrealized appreciation of fixed maturities $ 3,188 $ 14,476 Gross unrealized (depreciation) of fixed maturities (44,624 ) (9,031 ) Net unrealized appreciation (depreciation) on investments (41,436 ) 5,445 Deferred federal tax (expense) benefit 14,088 (1,851 ) Net unrealized appreciation (depreciation), net of deferred income taxes $ (27,348 ) $ 3,594 The Company had three U.S. treasury securities in an unrealized loss position for a continuous period of less than twelve months and two U.S. treasury securities in an unrealized loss position for a continuous period of more than twelve months as of December 31, 2015. The Company had one U.S. treasury security in an unrealized loss position for a continuous period of less than twelve months and one U.S. treasury security in an unrealized loss position for a continuous period of more than twelve months as of December 31, 2014. The Company monitors its investments closely. If an unrealized loss is determined to be other-than-temporary, it is written off as a realized loss through the Consolidated Statements of Operations. The Company’s methodology of assessing other-than-temporary impairments is based on security-specific analysis as of the balance sheet date and considers various factors including the length of time to maturity and the extent to which the fair value has been less than the cost, the financial condition and the near-term prospects of the issuer, and whether the debtor is current on its contractually obligated interest and principal payments. The unrealized losses on the U.S. treasury securities in unrealized loss positions as of December 31, 2015, and December 31, 2014, were determined to be temporary. Although the Company does not have intent to sell its fixed maturity investments, the Company may sell investment securities from time to time in response to economic and market conditions. During the year ended December 31, 2015, the Company sold 22 certificates of deposit. These securities had amortized cost of $5,478,000. The Company realized an investment loss of $7,251 on the sale. The Company did not sell any fixed maturity investments in the years ended December 31, 2014 and 2013. There were no realized investment gains or losses in the years ended December 31, 2014 and 2013. The Company’s investment in Certificates of Deposit (CDs) included $57,527,000 and $14,489,000 of brokered CDs as of December 31, 2015, and December 31, 2014, respectively. Brokered CDs provide the safety and security of a CD combined with the convenience gained by one-stop shopping for rates at various institutions. This allows the Company to spread its investments across multiple institutions so that all of its CD investments are insured by the Federal Deposit Insurance Corporation (FDIC). Brokered CDs are purchased through UnionBanc Investment Services, LLC, a registered broker-dealer, investment advisor, member of FINRA/SIPC, and a subsidiary of Union Bank, N.A. Brokered CDs are a direct obligation of the issuing depository institution, are bank products of the issuing depository institution, are held in the name of Union Bank as Custodian for the benefit of the Company, and are FDIC insured within permissible limits. All the Company’s brokered CDs are within the FDIC insured permissible limits. As of December 31, 2015 and 2014, the Company’s remaining CDs totaling $600,000 were from four different banks and represent statutory deposits that are assigned to and held by the California State Treasurer and the Insurance Commissioner of the State of Nevada. These deposits are required for writing certain lines of business in California and for admission in the state of Nevada. All the Company’s brokered and non-brokered CDs are within the FDIC insured permissible limits. Due to nature of the Company’s business, certain bank accounts may exceed FDIC insured permissible limits. Short-term investments have an initial maturity of one year or less and consist of the following: Year ended December 31 2015 2014 U.S. treasury bills $ 9,987,804 $ 69,968,988 U.S. treasury money market fund 3,357,841 1,450,451 Certificates of deposit 1,346,000 — Bank money market accounts 947,395 838,207 Bank savings accounts 1,763 1,762 Total short-term investments $ 15,640,803 $ 72,259,408

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Fair Value of Financial Instruments	NOTE 4 – FAIR VALUE OF FINANCIAL INSTRUMENTS In determining the fair value of its financial instruments, the Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). Financial assets and financial liabilities recorded on the Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs to the valuation techniques as follows: Level 1 – Financial assets and financial liabilities whose values are based on unadjusted quoted prices in active markets for identical assets or liabilities as of the reporting date. Level 2 – Financial assets and financial liabilities whose values are based on quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in non-active markets; or valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability as of the reporting date. Level 3 – Financial assets and financial liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect the Company’s estimates of the assumptions that market participants would use in valuing the financial assets and financial liabilities as of the reporting date. The hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Thus, a Level 3 fair value measurement may include inputs that are observable (Level 1 or Level 2) or unobservable (Level 3). The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The following table presents information about the Company’s financial instruments and their estimated fair values, which are measured on a recurring basis, allocated among the three levels within the fair value hierarchy as of December 31, 2015 and 2014: Level 1 Level 2 Level 3 Total December 31, 2015 Financial instruments: Fixed maturities securities: U.S. treasury securities $ 24,034,291 $ — $ — $ 24,034,291 Certificates of deposit — 58,127,000 — 58,127,000 Total fixed maturity securities 24,034,291 58,127,000 — 82,161,291 Cash and short-term investments 15,975,298 — — 15,975,298 Total financial instruments at fair value $ 40,009,589 $ 58,127,000 $ — $ 98,136,589 December 31, 2014 Financial instruments: Fixed maturities securities: U.S. treasury securities $ 20,069,556 $ — $ — $ 20,069,556 Certificates of deposit — 15,089,000 — 15,089,000 Total fixed maturity securities 20,069,556 15,089,000 — 35,158,556 Cash and short-term investments 72,568,570 — — 72,568,570 Total financial instruments at fair value $ 92,638,126 $ 15,089,000 $ — $ 107,727,126 Fair value measurements are not adjusted for transaction costs. The Company recognizes transfers between levels at either the actual date of the event or a change in circumstances that caused the transfer. The Company did not have any transfers between Levels 1, 2 and 3 of the fair value hierarchy during the years ended December 31, 2015 and 2014.

Property and Equipment (Net of

Property and Equipment (Net of Accumulated Depreciation)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Property and Equipmentr (Net of Accumulated Depreciation)	NOTE 5 – PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following: Year ended December 31 2015 2014 Building and leasehold improvements, located in Calabasas, California $ 8,217,477 $ 7,269,449 Furniture, fixtures, equipment and other leasehold improvements 2,251,623 2,633,536 Accumulated depreciation and amortization (2,204,027 ) (2,637,966 ) Land located in Calabasas, California 1,787,485 1,787,485 Computer software under development 168,162 1,457,802 Property and equipment, net $ 10,220,720 $ 10,510,306 Depreciation on the Calabasas building is computed using the straight line method over 39 years. Depreciation on computed using the straight line method over 3 to 15 years. Amortization of leasehold improvements in the Calabasas building is being computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Depreciation on located in Woodland Hills is computed using the straight line method over 3 to 7 years. Amortization of leasehold improvements on property located in Woodland Hills is computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Depreciation and amortization expense on all property and equipment for the years ended December 31, 2015, 2014 and 2013, were $341,264, $539,608 and $307,237, respectively. For the years ended December 31, 2015 and 2014, the Calabasas building has generated rental revenue in the amount of $364,674 and $815,601 and incurred operating expenses in the amount of $644,250 and $781,988 which included depreciation, respectively. These amounts are included in other income from insurance company operation and other operating expenses, respectively, in the Company’s Consolidated Statements of Operations. On September 7, 2014, a lease from a single tenant occupying approximately 32,403 square feet of the Calabasas building ended, and the tenant has vacated the premises. On October 9, 2015, the Company moved its home office into this vacated space. The Company’s month-to-month lease of its home office in Woodland Hills, California, ended effective October 15, 2015. At the time the Company relocated to its Calabasas building, certain The total square footage of the Calabasas building is 46,884, including common areas. As of December 31, 2015, 10,292 square feet of the Calabasas building was leased to non-affiliated entities, and 4,189 square feet was vacant and available to be leased to non-affiliated entities. The Company capitalizes certain computer software costs purchased from outside vendors for internal use. These costs also include configuration and customization activities, coding, testing and installation. Training costs and maintenance are expensed as incurred, while upgrade and enhancements are capitalized if it is probable that such expenditure will result in additional functionality. The capitalized costs will not be depreciated until the software is placed into production. On October 9, 2015, the Company concluded that a charge for impairment of the Company’s capitalized computer software costs, related to a contract entered into on November 1, 2012, was required under GAAP. The capitalized costs included $1,287,460 of paid and $223,442 of accrued unpaid invoices from the software vendor, Insurance Systems, Inc. (ISI). The impact of this impairment to the Company’s Consolidated Statements of Operations was a charge of $1,287,460 before income taxes. The charge is included in “Other operating expenses” in the Consolidated Statements of Operations for year ended December 31, 2015. The decision to impair the asset was based on the Company’s beliefs that the ISI software had not achieved and would not be able to achieve the Company’s expected implementation targets and that the Company was unable to renegotiate the terms of its agreement with ISI. The Company believes that it will need to make future cash expenditures to replace or upgrade its policy administration system but it is unable to estimate the amount at this time. While the Company’s policy administration system continues to support the Company’s existing operations, the Company believes it would realize more competitive parity with respect to product and service by switching or upgrading to a more contemporary platform. The Company is currently evaluating its alternatives.

Receivables, Net

Receivables, Net	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Premiums, Commissions and Notes Receivable, Net	NOTE 6 – RECEIVABLES, NET Receivables, net, include premium, commissions and notes receivable and are as follows: Year ended December 31 2015 2014 Premium and commission receivable $ 2,001,609 $ 1,966,376 Premium finance notes receivable 4,689,040 4,390,226 Total premium and notes receivable 6,690,649 6,356,602 Allowance for doubtful accounts (1,185,288 ) (1,186,289 ) Receivables, net $ 5,505,361 $ 5,170,313 Premium receivable and premium finance notes receivables are substantially secured by unearned premium and funds held as security for performance. Premium finance notes receivable represents the balance due to AAC, the Company's premium finance subsidiary, from policyholders who elected to finance their premium over a nine-month term. These notes are net of unearned finance charges and credit loss reserves. One of the Company’s agents, which was appointed in 2008 to assist the Company in implementing its Trucking Program, failed to pay the net premium and policy fees due Unifax, the exclusive general agent for Crusader. The agent was initially late in paying its February 2009 production that was due to Unifax on April 15, 2009. In May 2009, as a result of the agent’s failure to timely pay its balance due to Unifax, the Company terminated its agency agreement and assumed ownership and control of that agent’s policy expirations written with the Company. The Company subsequently commenced legal proceedings against the agent corporation, its three principals (who personally guaranteed the agent’s obligations) and another individual for the recovery of the balance due and any related recovery costs incurred. All related recovery costs have been expensed as incurred. The agent corporation and two of its principals filed bankruptcy. The corporation was adjudicated bankrupt. The Company obtained judgments, non-dischargeable in bankruptcy, for the full amount due from the two principals who filed bankruptcy. The other principal stipulated to a judgment of $1,200,000. The claim against the other individual was resolved. The Company collected $0 and $75,000 during the years ended December 31, 2015, and 2014, respectively. As of December 31, 2015 and 2014, the agent’s balance due to Unifax was $1,181,272. As of December 31, 2015 and 2014, the Company’s bad debt reserve associated with this matter was $1,181,272, which represents approximately 100% of the balance due to Unifax. Although the receivable is fully reserved for financial reporting purposes at December 31, 2015, the Company continues to pursue collection of the judgments from the three principals. Bad debt expense was $(1,460) and $255,299 and $(50,792) for the years ended December 31, 2015, 2014 and 2013, respectively.

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Unpaid Losses and Loss Adjustment Expenses	NOTE 7 – UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES Crusader’s loss and loss adjustment expense reserves are as follows: Year ended December 31 2015 2014 Direct reserves: Case reserves $ 17,991,121 $ 14,983,886 IBNR reserves 31,102,450 29,412,672 Total direct reserves $ 49,093,571 $ 44,396,558 Reserves net of reinsurance: Case reserves $ 14,696,913 $ 13,045,290 IBNR reserves 24,759,697 26,188,493 Total net reserves $ 39,456,610 $ 39,233,783 Reserves for losses and loss adjustment expenses before reinsurance for each of Crusader’s lines of business are as follows: Year ended December 31 Line of Business 2015 2014 CMP $ 48,167,640 98.1 % $ 43,457,425 97.9 % Other liability 889,867 1.8 % 911,633 2.0 % Other 36,064 0.1 % 27,500 0.1 % Total $ 49,093,571 100.0 % $ 44,396,558 100.0 % The Company‘s consolidated financial statements include estimated reserves for unpaid losses and related loss adjustment expenses of the insurance company operation. Crusader sets loss and loss adjustment expense reserves at each balance sheet date based upon management’s best estimate of the ultimate payments that it anticipates will be made to settle all losses incurred and all related loss adjustment expenses incurred as of that date for both reported and unreported claims. The following table provides an analysis of the roll forward of Crusader’s loss and loss adjustment expense reserves, including a reconciliation of the ending balance sheet liability for the periods indicated: Year ended December 31 2015 2014 2013 Reserve for unpaid losses and loss adjustment expenses at beginning of year – net of reinsurance $ 39,233,783 $ 39,448,546 $ 43,200,582 Incurred losses and loss adjustment expenses: Provision for insured events of current year 21,607,628 17,925,882 20,648,634 Decrease in provision for incurred events of prior years (2,444,312 ) (3,308,764 ) (4,559,459 ) Total incurred losses and loss adjustment expenses 19,163,316 14,617,118 16,089,175 Payments: Losses and loss adjustment expenses attributable to insured events of the current year 6,812,275 4,286,861 8,096,070 Losses and loss adjustment expenses attributable to insured events of prior years 12,128,214 10,545,020 11,745,141 Total payments 18,940,489 14,831,881 19,841,211 Reserve for unpaid losses and loss adjustment expenses at end of year – net of reinsurance 39,456,610 39,233,783 39,448,546 Reinsurance recoverable on unpaid losses and loss adjustment expenses at end of year 9,636,961 5,162,775 4,428,283 Reserve for unpaid losses and loss adjustment expenses at end of year per balance sheet, gross of reinsurance $ 49,093,571 $ 44,396,558 $ 43,876,829 At each review period, actual claims costs that emerge are compared with the claims costs that were expected to emerge during that development period. Sometimes the previous claims costs estimates prove to have been too high; sometimes they prove to have been too low. In the case of Crusader, the estimates proved to be too high in each of the years reflected in the table. The favorable development in the 2013 through 2015 calendar years underscores the inherent uncertainty in insurance claims costs, especially for a very small insurer. Management reviews claims costs that appear to be different from the historical claims costs to determine whether those differences are a normal part of the process or an indication that a change in reserve assumptions is appropriate. Management concluded that the differences noted above are differences between actual and expected claims costs that emerge from time to time, particularly in an insurer the size of Crusader.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Deferred Policy Acquisition Costs	NOTE 8 – DEFERRED POLICY ACQUISITION COSTS The following table provides an analysis of the roll forward of the Company’s deferred policy acquisition costs: Year ended December 31 2015 2014 2013 Deferred policy acquisition costs at beginning of year $ 3,882,825 $ 3,636,003 $ 3,785,594 Policy acquisition costs deferred during year 6,465,232 6,232,930 5,882,536 Policy acquisition costs amortized during year (6,114,661 ) (5,986,108 ) (6,032,127 ) Deferred policy acquisition costs at end of year $ 4,233,396 $ 3,882,825 $ 3,636,003 Deferred policy acquisition costs consist of commissions (net of ceding commission), premium taxes, inspection fees and certain other underwriting costs, which are related to and vary with the production of Crusader policies. Policy acquisition costs are deferred and amortized as the related premium is earned. Deferred acquisition costs are reviewed to determine if they are recoverable from future income on insurance policies generated from these costs, including investment income.

Lease Commitment to Related Par

Lease Commitment to Related Party	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Lease Commitment to Related Party	NOTE 9 – LEASE COMMITMENT TO RELATED PARTY Prior to October 9, 2015, the Company occupied approximately 23,000 square feet of an office building located at 23251 Mulholland Drive, Woodland Hills, California. Erwin Cheldin, the Company's former president and a current director and principal stockholder, is the owner of the Woodland Hills building. T

Acccrued Expenses and Other Lia

Acccrued Expenses and Other Liabilities	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Acccrued Expenses and Other Liabilities	NOTE 10 – ACCRUED EXPENSES AND OTHER LIABILITIES Accrued expenses and other liabilities consist of the following: Year ended December 31 2015 2014 Premium payable $ 532,928 $ 509,642 Unearned contingent commission on reinsurance treaty — 77,839 Unearned policy fee income 839,810 828,664 Retirement plans 238,900 251,125 Accrued salaries and employee benefits 312,986 477,682 Commission payable 134,172 128,785 Other 384,488 712,580 Total accrued expenses and other liabilities $ 2,443,284 $ 2,986,317

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Contingencies	NOTE 11 – COMMITMENTS AND CONTINGENCIES The Company, by virtue of the nature of the business conducted by it, becomes involved in numerous legal proceedings as either plaintiff or defendant. The Company is also required to resort to legal proceedings from time to time in order to enforce collection of premium, commissions, The Company establishes reserves for lawsuits, regulatory actions and other contingencies for which the Company is able to estimate its potential exposure and believes a loss is probable. For loss contingencies believed to be reasonably possible, the Company discloses the nature of the loss contingency and an estimate of the possible loss, range of loss, or a statement that such an estimate cannot be made. Likewise, the Company is sometimes named as a cross-defendant in litigation, which is principally concerning the issuance or non-issuance of individual policies . These items are also handled on a he Company vigorously defends itself unless a reasonable settlement appears appropriate. In December 2015, a judgment was finalized on a Crusader policy liability claim. Crusader is appealing the judgment. As a part of the appeal, Crusader deposited $ In March 2016, an additional judgment for plaintiff’s attorney fees and costs on this Crusader policy liability claim was finalized. The Company is also appealing this additional judgment. That additional appeal required an additional cash deposit in lieu of an appeal bond of $5,449,615. The additional cash deposit was made on March 21, 2016. These cash deposits for the appeals represent 150% of the judgments. $ As of December 31, 2015, one of the vendors that the Company engaged to install workspace furniture at the Calabasas building had not completed its obligations under a contract it executed with the Company in June 2015. Of the total amount billed by the vendor, approximately $274,000 was not paid by the Company because the vendor had not fulfilled its obligations under the contract; therefore, the unpaid amount was not included in the Consolidated Balance Sheet. Subsequently, the work was substantially completed and the Company paid the vendor $208,099 and will pay the remaining balance upon confirmation that the contract has been fulfilled.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Reinsurance	NOTE 12 – REINSURANCE A reinsurance transaction occurs when an insurance company transfers (cedes) a portion of its reinsurer fails to meet its obligations, the Company must nonetheless pay its policy obligations. Crusader’s primary excess of loss reinsurance agreements during years ended December 31, 2015, 2014 and 2013 are as follows: Loss Years Reinsurers A.M. Best Rating Retention Annual Aggregate Deductible 2013 – 2015 Platinum Underwriters Reinsurance, Inc. A $ 500,000 $ — In calendar years 2015 and 2014, Crusader retained a participation in its excess of loss reinsurance treaties of 10% in its 1 st nd st nd In calendar years 2015 and 2014, Crusader retained a participation in its excess of loss reinsurance treaties of 10% in its 1 st nd In calendar year 2013, Crusader retained a participation in its excess of loss reinsurance treaties of 10% in its 1 st nd Crusader’s excess of loss reinsurance treaties provided for a contingent commission for accident years 2006, 2004 and 2003. Crusader’s 2006 1 st st Crusader also has catastrophe reinsurance treaties from various risks which Crusader insures. st nd st nd Crusader has no reinsurance recoverable balances in dispute. On most of the premium that Crusader cedes to the reinsurer, the reinsurer pays a commission to Crusader that includes a reimbursement of the cost of acquiring the portion of the premium that is ceded. Crusader does not currently assume any reinsurance. Crusader intends to continue obtaining reinsurance although the availability and cost may vary from time to time. The unpaid losses and loss adjustment expenses ceded to the reinsurer are recorded as an asset on the Consolidate Balance Sheets. The effect of reinsurance on written premium, earned premium and incurred losses and loss adjustment expenses is as follows: Year ended December 31 2015 2014 2013 Written premium: Direct business $ 36,374,509 $ 32,810,088 $ 31,214,091 Reinsurance ceded (5,345,398 ) (5,025,798 ) (5,120,808 ) Net written premium $ 31,029,111 $ 27,784,290 $ 26,093,283 Earned premium: Direct business $ 34,902,435 $ 31,463,691 $ 31,983,540 Reinsurance ceded (5,328,639 ) (5,090,268 ) (5,121,233 ) Net earned premium $ 29,573,796 $ 26,373,423 $ 26,862,307 Incurred losses and loss adjustment expenses: Direct $ 26,495,410 $ 16,795,536 $ 15,491,895 Ceded (7,332,094 ) (2,178,418 ) 597,280 Net incurred losses and loss adjustment expenses $ 19,163,316 $ 14,617,118 $ 16,089,175 Ceded earned premium as a percentage of direct earned premium was 15% in 2015 and 16% in 2014 and 2013, respectively. Crusader did not assume any premium or losses during the years ended December 31, 2015, 2014 and 2013.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Retirement Plans	NOTE 13– RETIREMENT PLANS Profit Sharing Plan The Unico American Corporation Profit Sharing Plan (Plan) covers Company’s employees who are at least 21 years of age and have met certain service and eligibility requirements. Unico American Corporation is the Plan sponsor and the Plan administrator. Fidelity Management Trust Company is the Plan trustee. The Plan is intended to be a qualified retirement plan under the Internal Revenue Code. As required by the Plan, on an annual basis, the Company must contribute 3% of participants’ eligible compensation to the account of each participant. In addition, pursuant to the terms of the Plan, the Company may contribute to participants an amount determined by the Board of Directors. Under the Plan, participants have the option to elect to make 401(k) and Roth 401(k) deferral contributions which are not matched by the Company. Participants must be employed by the Company on the last day of the Plan year to be eligible for a contribution. Participants are eligible to request a distribution of their vested account balance upon death, retirement, minimum required distributions and termination of employment. Effective November 1, 2015, the Company’s Money Purchase Plan was merged into the Plan. Money Purchase Plan The Unico American Corporation Money Purchase Plan covered executive officers of the Company and an officer of a subsidiary of the Company. Pursuant to the terms of this plan, the Company annually contributed to the account of each participant an amount equal to a percentage of the participant's eligible compensation as determined by the Board of Directors. However, amounts contributed to the Plan were considered first in determining the actual amount available under the Internal Revenue Service maximum contribution limits. Participants were required to be employed by the Company on the last day of the plan year to be eligible for contribution. Participants were entitled to receive distribution of benefits under this plan upon retirement, termination of employment, death, or disability. Effective November 1, 2015, the Company’s Money Purchase Plan was merged into the Plan. Contributions to the Plan and Money Purchase Plan are as follows: Year ended December 31, 2015 $ 288,692 Year ended December 31, 2014 $ 331,736 Year ended December 31, 2013 $ 345,756

Statutory Capital and Surplus

Statutory Capital and Surplus	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Statutory Capital and Surplus	NOTE 14 – STATUTORY CAPITAL AND SURPLUS Crusader is required to file statutory financial statements with insurance regulatory authorities prepared on an accounting basis prescribed or permitted by such authorities. Statutory accounting practices differ in certain respects from GAAP. The more significant of the differences for statutory accounting practices are (a) policy acquisition and commission costs are expensed when incurred rather than over the periods covered by the policies; (b) fixed maturity securities are reported at amortized cost, or the lower of amortized cost or fair value, depending on the quality of the security as specified by the National Association of Insurance Commissioners (NAIC); (c) non-admitted assets are charged directly against surplus; (d) loss and loss adjustment expense reserves and unearned premium reserves are stated net of reinsurance; and (e) federal income taxes are recorded when payable and deferred taxes, subject to limitations, are recognized but only to the extent that they do not exceed a specified percentage of statutory surplus; changes in deferred taxes are recorded directly to surplus as regards policyholders. Additionally, the cash flow presentation is not consistent with GAAP and reconciliation from net income to cash provided by operations is not presented. Comprehensive income is not presented under statutory accounting practices. Crusader’s statutory capital and surplus are as follows: As of December 31, 2015 $ 61,367,728 As of December 31, 2014 $ 63,492,369 Crusader’s statutory net income is as follows: Year ended December 31, 2015 $ 911,727 Year ended December 31, 2014 $ 2,106,295 Year ended December 31, 2013 $ 2,625,468 The California Department of Insurance (CA DOI) conducts periodic financial examinations of Crusader. During 2012, the CA DOI conducted a financial examination of Crusader’s December 31, 2011, statutory financial statements. On June 6, 2013, Crusader was notified that the report of examination was officially filed and became part of the records of the CA DOI. No comments or recommendations were identified in the current report of examination or in the previous report of examination. The CA DOI has scheduled a periodic financial examination of Crusader’s December 31, 2015, statutory financial statements to commence in the second quarter of 2016; the Company does not have an expected date for completion of this examination. The Company believes that Crusader's statutory capital and surplus are sufficient to support the insurance written premium written guidelines established by the NAIC. Crusader is restricted in the amount of dividends it may pay to its parent in any 12-month period without prior approval of the CA DOI. Presently, without prior regulatory approval, Crusader may pay a dividend in any 12-month period to Unico up to the greater of (a) 10% of its statutory surplus or (b) its statutory net income for the preceding calendar year. Based on Crusader’s statutory surplus for the year ended December 31, 2015, the maximum dividend that could be made by Crusader to Unico without prior regulatory approval in 2016 is $6,136,773. In the years ended December 31, 2015, 2014 and 2013, Crusader paid to Unico cash dividends in the amount of $3,000,000, $0 and $0, respectively. In December 1993, the NAIC adopted a Risk-Based Capital (RBC) Model Law for property and casualty companies. The RBC Model Law is intended to provide standards for calculating a variable regulatory capital requirement related to a company's current operations and its risk exposures (asset risk, underwriting risk, credit risk and off-balance sheet risk). These standards are intended to serve as a diagnostic solvency tool for regulators that establishes uniform capital levels and specific authority levels for regulatory intervention when an insurer falls below minimum capital levels. The RBC Model Law specifies four distinct action levels at which a regulator can intervene with increasing degrees of authority over a domestic insurer if its RBC Insurance Regulatory Information System (IRIS) was developed by a committee of state insurance regulators primarily to assist state insurance departments in executing their statutory mandate to oversee the financial condition of insurance companies. IRIS helps those companies that merit highest priority in the allocation of the regulators’ resources on the basis of 13 financial ratios that are calculated annually. The analytical phase is a review of annual statements and the financial ratios. The ratios and trends are valuable in pointing to companies likely to experience financial difficulties but the ratios are not themselves indicative of adverse financial condition. The ratio and benchmark comparisons are mechanically produced and are not intended to replace the state insurance department’s own in-depth financial analysis or on-site examinations. An unusual range of ratio results has been established from studies of the ratios of companies that have become insolvent or have experienced financial difficulties. In the analytical phase, companies that receive four or more financial ratio values outside the usual range are analyzed in order to identify those companies that appear to require immediate regulatory action. Subsequently, a more comprehensive review of the ratio results and an insurer’s annual statement is performed to confirm that an insurer’s situation calls for increased or close regulatory attention. In 2015, Crusader was outside the usual value on one of the thirteen IRIS ratio tests. IRIS Ratio Test Number 6 considers Crusader’s 2015 investment yield. An unusual value for that ratio is an investment yield equal to or greater than 6.5% or equal to or less than 3%. Crusader’s 2015 investment yield, as computed for IRIS purposes, was 0.2%.

Incentive Stock Plans

Incentive Stock Plans	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Stock Plans	NOTE 15 – STOCK PLANS The Unico American Corporation 2011 Incentive Stock Plan covers 200,000 shares of the Company’s common stock (subject to adjustment in the case of stock splits, reverse stock splits, stock dividends, etc.) and was approved by shareholders on May 26, 2011. No options were granted to employees or non-employees during the years ended December 31, 2015, 2014 and 2013. The exercise price, term and other conditions applicable to each stock option granted under the 2011 Plan are determined by the Company’s Stock Option Committee of the Board of Directors. The exercise price of the stock options is set on the grant date and may not be less than the fair market value per share of the Company’s stock on that date (at market close). Options granted under the 2011 Plan in 2011 vest 10% as of the grant date and 10% annually thereafter on the anniversary date, and expire ten years after the date of the grant. Options granted under the 2011 Plan in 2012 vest 100% on March 1, 2021 and expire ten years after the date of the grant. The Company recognized stock-based compensation expense in the amount of $23,104 for all awards issued under the Company’s 2011 Stock Option plan in the “Salaries and employee benefits” line item in the Consolidated Statements of Operations in each year ended December 31, 2015, 2014 and 2013. As of December 31, 2015, there was $136,018 of total unrecognized compensation cost, adjusted for estimated forfeitures, related to unvested stock-based payments which are expected to be recognized over a weighted average remaining period of 5.72 years. The fair value of each option award is estimated on the date of the grant using the Black-Scholes Option-Pricing Model using a number of complex and subjective variables. These variables include expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, a risk-free interest rate and expected dividends. Expected dividend yield is based on the historical dividend behavior as well as the expected dividend behavior of the Company. Expected volatility is based on the historical volatility of the Company’s stock. The risk-free rate for periods within the contractual life of the option is based on the U.S. treasury yield curve for a ten-year treasury in effect at the time of grant. The expected term represents an estimate of time the options are expected to remain outstanding. In accordance with ASC Topic 718, “Compensation – Stock Compensation”, the Company estimates forfeitures at the time of the grant and revises those estimates in subsequent periods if the actual forfeitures differ from those estimates. The average assumptions used to value each option award granted during the years ended December 31, 2012 and 2011 are as follows: Years ended December 31 2012 2011 Weighted-average grant date fair value $ 3.21 $ 2.53 Expected dividend yield 1.91 % 3.12 % Expected volatility 28.01 % 28.74 % Risk-free interest rate 1.94 % 2.02 % Expected term (years) 10.00 10.00 Expected forfeiture 0.00 % 0.00 % The following table summarizes stock option activity for year ended December 31, 2015: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Terms Aggregate Intrinsic Value Outstanding at December 31, 2014 100,000 $ 10.99 6.72 $ 44,934 Granted — — — — Forfeited or expired — — — — Exercised — — — — Outstanding at December 31, 2015 100,000 $ 10.99 5.72 $ — Exercisable at December 31, 2015 45,620 $ 10.96 5.67 $ — The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price and the exercise price, multiplied by the number of in the money options) that would have been received by the option holders had all options been exercised on December 31, 2015. The aggregate intrinsic value of options exercised during the years ended December 31, 2015, 2014 and 2013 was $0. During the years ended December 31, 2015, 2014 and 2013, the amount of cash received from the exercise of stock options was $0.

Taxes on Income

Taxes on Income	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Taxes on Income	NOTE 16 - TAXES ON INCOME The provision for taxes on income consists of the following: Year ended December 31 2015 2014 2013 Federal: Current $ (761,435 ) $ 591,434 $ 41,922 Deferred 180,235 (150,200 ) 286,546 Total tax expense (benefit) $ (581,200 ) $ 441,234 $ 328,468 State: Current $ 8,960 $ 8,910 $ 8,953 Deferred 20,152 — 299,686 Total tax expense $ 29,112 $ 8,910 $ 308,639 Total: Current $ (752,475 ) $ 600,344 $ 50,875 Deferred 200,387 (150,200 ) 586,232 Total tax expense (benefit) $ (552,088 ) $ 450,144 $ 637,107 The income tax provision reflected in the Consolidated Statements of Operations is different than the expected federal income tax rate of 34% on income as shown in the following table: Year ended December 31 2015 2014 2013 Computed income tax expense (benefit) at 34% $ (589,886 ) $ 440,812 $ 421,863 Tax effect of: State tax, net of federal tax benefit 18,900 6,018 204,221 Other 18,898 3,314 11,023 Income tax expense (benefit) $ (552,088 ) $ 450,144 $ 637,107 The Company recognizes deferred income tax assets and liabilities for the expected future tax effects attributable to temporary differences between the financial statement and tax return bases of assets and liabilities, and expected benefits of utilizing net operating loss carryforwards, based on enacted tax rates and other provisions of the tax law. The effect of a change in tax laws or rates on deferred tax assets and liabilities is recognized in income in the period in which such change is enacted. Deferred tax assets are reduced by a valuation allowance if it is more-likely-than-not that any portion of the deferred tax assets may not be realized. The ultimate realization of deferred tax assets is dependent upon generating sufficient taxable income of the appropriate character within the carryback and carryforward periods available under the tax law. Management considers the reversal of deferred tax liabilities, projected future taxable income of an appropriate nature and tax planning strategies in making this assessment. The Company increased its valuation allowance related to deferred tax assets on state net operating losses. Although realization is not assured, management believes that it is more likely-than-not that the Company’s remaining net deferred tax assets will be realized. Significant components of the Company’s net deferred tax assets and liabilities are as follows: Year ended December 31 2015 2014 Deferred tax assets: Discount on loss reserves $ 660,930 $ 807,148 Unearned premium 1,248,509 1,158,568 Unearned commission income 438,337 402,566 Unearned policy fee income 359,775 355,000 State net operating loss carryforwards 1,384,171 1,133,946 Bad debt reserve 507,778 508,206 Other 307,406 310,774 Total gross deferred tax assets 4,906,906 4,676,208 Less valuation allowance 1,159,090 853,334 Total deferred tax assets $ 3,747,816 $ 3,822,874 Deferred tax liabilities: Policy acquisition costs $ 1,774,284 $ 1,627,280 Unrealized gains (losses) on investments (14,088 ) 1,851 State tax on undistributed insurance company earnings 357,975 374,258 Federal tax liability on state deferred tax assets 174,514 189,771 Depreciation and amortization 121,044 111,180 Total deferred tax liabilities $ 2,413,729 $ 2,304,340 Net deferred tax assets $ 1,334,087 $ 1,518,534 The Company recognizes tax benefits related to positions taken, or expected to be taken, on a tax return only if it is more-likely-than-not that the positions are sustainable. Once this threshold has been met, the Company's measurement of its expected tax benefits is recognized in its consolidated financial statements. If the Company determines after a review of its anticipated future taxable income and all other available evidence, both positive and negative, that it is more-likely-than-not that any of its deferred tax assets will not result in future tax benefits, a valuation allowance is established for the portion of these assets that are not expected to be realized. As of December 31, 2015, the Company has deferred tax assets of $1,384,171 generated from state net loss carryforwards. Of these state tax carryforwards, $177,847 expires between 2016 and 2017 and the remaining $1,206,324 expires between 2028 and 2035. The current state tax rate is 8.84%. As of December 31, 2015, the Company has a deferred tax asset valuation allowance related to state net operating losses in the amount of $1,159,090. The valuation allowance is related to expected utilization of state tax net operating loss carryforwards to be realized prior to their expiration dates. The allowance increased $305,756 during the year ended December 31, 2015, compared to an increase of $204,042 during the year ended December 31, 2014. The Company and its wholly owned subsidiaries file consolidated federal and state income tax returns. Pursuant to the tax allocation agreement, Crusader and AAC are allocated taxes, or tax credits in the case of losses, at current corporate rates based on their own taxable income or loss. The Company files income tax returns under U.S. federal and various state jurisdictions. The Company is subject to examination by U.S. federal income tax authorities for tax returns filed starting at taxable year 2012 and California state income tax authorities for tax returns filed starting at taxable year 2011. There are no ongoing examinations of income tax returns by federal or state tax authorities. As a California insurance company, Crusader is obligated to pay a premium tax on direct written premium in all states where Crusader is admitted. Premium taxes are deferred and amortized as the related premium is earned. The premium tax is in lieu of state franchise taxes and is not included in the provision for state taxes. As of December 31, 2015, the Company had no unrecognized tax benefits and no unrecognized additional liabilities or reduction in deferred tax asset. In addition, the Company had not accrued interest and penalties related to unrecognized tax benefits. However, if interest and penalties would need to be accrued related to unrecognized tax benefits, such amounts would be recognized as a component of federal income tax expense.

Repurchase of Common Stock

Repurchase of Common Stock	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Repurchase of common Stock	NOTE 17 – REPURCHASE OF COMMON STOCK - EFFECT ON STOCKHOLDERS’ EQUITY On December 19, 2008, the Board of Directors authorized a stock repurchase program to acquire, from time to time, up to an aggregate of 500,000 shares of the Company’s common stock. This program has no expiration date and may be terminated by the Board of Directors at any time. As of December 31, 2015, and December 31, 2014, the Company had remaining authority under the 2008 program to repurchase up to an aggregate of 197,467 and 222,669 shares of its common stock, respectively. The 2008 program is the only program under which there is authority to repurchase shares of the Company’s common stock. The Company repurchased 25,202 shares of stock during the twelve months ended December 31, 2015, in unsolicited transactions at a cost of $242,314 of which $12,385 was allocated to capital and $229,929 was allocated to retained earnings. The Company did not repurchase any stock during the twelve months ended December 31, 2014. The Company has or will retire all stock repurchased.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Earnings Per Share	NOTE 18 - EARNINGS (LOSS) PER SHARE A reconciliation of the numerator and denominator used in the basic and diluted earnings (loss) per share calculation is presented below: Year ended December 31 2015 2014 2013 Basic Earnings (Loss) Per Share Net income (loss) numerator $ (1,182,870 ) $ 846,361 $ 603,668 Weighted average shares outstanding denominator 5,335,540 5,341,147 5,341,147 Per share amount $ (0.22 ) $ 0.16 $ 0.11 Diluted Earnings (Loss) Per Share Net income (loss) numerator $ (1,182,870 ) $ 846,361 $ 603,668 Weighted average shares outstanding 5,335,540 5,341,147 5,341,147 Effect of diluted securities — 5,405 3,065 Diluted shares outstanding denominator 5,335,540 5,346,552 5,344,212 Per share amount $ (0.22 ) $ 0.16 $ 0.11 As of December 31, 2015, the Company had 2,761 common share equivalents that were excluded in the diluted (loss) per share calculation for year ended December 31, 2015.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Selected Quarterly Financial Data (Unaudited)	NOTE 19 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Summarized unaudited quarterly financial data for each of the calendar years 2015 and 2014 is as follows: Comparable Period by Quarter Ended March 31 June 30 September 30 December 31 Calendar Year 2015 Total revenues $ 7,832,199 $ 8,313,691 $ 8,451,503 $ 8,667,246 Income (loss) before taxes $ (591,037 ) $ 182,673 $ (967,640 ) $ (358,954 ) Net income (loss) $ (396,785 ) $ 112,381 $ (649,510 ) $ (248,956 ) Earnings (loss) per share: Basic $ (0.07 ) $ 0.02 $ (0.12 ) $ (0.05 ) Diluted $ (0.07 ) $ 0.02 $ (0.12 ) $ (0.05 ) Calendar Year 2014 Total revenues $ 7,440,111 $ 7,621,768 $ 7,764,783 $ 7,643,578 Income (loss) before taxes $ 906,337 $ 402,321 $ 58,123 $ (70,276 ) Net income (loss) $ 591,783 $ 270,006 $ 32,774 $ (48,202 ) Earnings (loss) per share: Basic $ 0.11 $ 0.05 $ 0.01 $ (0.01 ) Diluted $ 0.11 $ 0.05 $ 0.01 $ (0.01 )

Summary of Significant Accoun27

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Unico American Corporation is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty and health insurance through its agency subsidiaries; and provides insurance premium financing and membership association services through its other subsidiaries. Unico American Corporation is referred to herein as the "Company" or "Unico," and such references include both the corporation and its subsidiaries, all of which are wholly owned. Unico was incorporated under the laws of Nevada in 1969. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Unico American Corporation and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Basis of Presentation The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP). As described in Note 14, the Company's insurance subsidiary also files financial statements with regulatory agencies prepared on a statutory basis of accounting that differs from GAAP. Use of Estimates in the Preparation of the Financial Statements The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect its reported amounts of assets and liabilities and its disclosure of any contingent assets and liabilities at the date of its financial statements, as well as its reported amounts of revenues and expenses during the reporting period. The most significant assumptions in the preparation of these consolidated financial statements relate to losses and loss adjustment expenses. While every effort is made to ensure the integrity of such estimates, actual results may differ. Investments All of the Company’s fixed maturity investments are classified as available-for-sale and are stated at fair value, with unrealized gains or losses, net of applicable deferred income taxes, excluded from earnings and credited or charged to a separate component of equity. Although all of the Company's investments are classified as available-for-sale and the Company may sell investment securities from time to time in response to economic and market conditions, its investment guidelines place primary emphasis on buying and holding high-quality investments to maturity. Interest income on fixed maturity investments and short-term investments is recognized on an accrual basis at each measurement date and is included in net investment income in the Company’s Consolidated Statements of Operations. The Company has a comprehensive portfolio monitoring process to identify and evaluate each fixed income security whose carrying value may be other-than-temporarily impaired. For each fixed income security in an unrealized loss position, the Company assesses whether it is more likely than not that the Company will be required to sell the security before recovery of the amortized cost basis for reasons such as liquidity, contractual or regulatory purposes, or the credit quality of the underlying security. If a security meets this criteria, the security's decline in fair value is considered other than temporary and is recorded as a net realized investment loss in the Consolidated Statements of Operations and in the Consolidated Statements of Comprehensive Income (Loss) based on the specific identification method. There were no realized investments gains (losses) from other than temporary impairments for any of the periods presented in the accompanying Consolidated Statements of Operations. For each fixed income security that the Company does not intend to sell or for which it is more likely than not that the Company would not be required to sell before an anticipated recovery in value, the Company separates the credit loss component of the impairment, if any, from the amount related to all other factors and reports the credit loss component in net realized investment gains (losses). There was no credit loss component for any of the periods presented in the accompanying Consolidated Statements of Operations. The unrealized gains from fixed maturities are reported as “Accumulated other comprehensive income (loss),” which is a separate component of stockholders’ equity, net of any deferred tax effect. Short-term investments include U.S. treasury bills, a U.S. treasury money market fund, certificates of deposit and bank money market and savings accounts that are all highly rated and redeemable within one year. Fair Value of Financial Instruments The Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). Financial assets and financial liabilities recorded on the Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs to the valuation techniques. (See Note 4.) The Company has used the following methods and assumptions in estimating its fair value disclosures: Fixed maturities: 1. Investment securities, excluding long-term certificates of deposit – Fair values are obtained from a national quotation service. 2. Long-term certificates of deposit – The carrying amounts reported at cost in the Consolidated Balance Sheets for these instruments approximate their fair values. Cash and short-term investments – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Receivables, net – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Accrued expenses and other liabilities – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate the fair values given the short-term nature of these instruments. Property and Equipment All property and equipment is stated at cost less accumulated depreciation and amortization on the Consolidated Balance Sheets. The Company acquired an office building located at 26050 Mureau Road, Calabasas, California, in September 2013. Leasehold improvements to the structure are amortized over the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Improvements to the structure are amortized over the useful life of the improvements. Depreciation on the Calabasas building is computed using the straight line method over 39 years. Depreciation on computed using the straight line method over 3 to 15 years. Amortization of leasehold improvements in the Calabasas building is being computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Depreciation on property and equipment located in Woodland Hills, California, is computed using straight line methods over 3 to 7 years. Amortization of leasehold improvements on property located in Woodland Hills, California, is computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Income Taxes The Company and its wholly owned subsidiaries file consolidated federal and state income tax returns. Pursuant to the tax allocation agreement, the Company’s wholly owned subsidiaries, Crusader Insurance Company (Crusader) and American Acceptance Corporation (AAC), are allocated taxes or tax credits in the case of losses, at current corporate rates based on their own taxable income or loss. The Company files income tax returns under U.S. federal and various state jurisdictions. The Company is subject to examination by U.S. federal income tax authorities for tax returns filed starting at taxable year 2012 and California state income tax authorities for tax returns filed starting at taxable year 2011. There are no ongoing examinations of income tax returns by federal or state tax authorities. As of December 31, 2015, the Company had no unrecognized tax benefits or liabilities. In addition, the Company had not accrued interest and penalties related to unrecognized tax benefits or liabilities. However, if interest and penalties would need to be accrued related to unrecognized tax benefits or liabilities, such amounts would be recognized as a component of federal income tax expense. As a California insurance company, Crusader is obligated to pay a premium tax on direct written premium in all states that Crusader is admitted. Premium taxes are deferred and amortized as the related premium is earned. The premium tax is in lieu of state franchise taxes and is not included in the provision for state taxes. The provision for federal income taxes is computed on the basis of income as reported for financial reporting purposes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, and are measured using the enacted tax rates and laws expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Income tax expense provisions increase or decrease in the same period in which a change in tax rates is enacted. At each balance sheet date, management assesses the need to establish a valuation allowance that reduces deferred tax assets when it is more-likely-than-not that any portion of the deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon generating sufficient taxable income of the appropriate character within the carryback and carryforward periods available under the tax law. Management considers the reversal of deferred tax liabilities, projected future taxable income of an appropriate nature and tax-planning strategies when making this assessment. Although realization is not assured, management believes that it is more likely-than-not that the Company’s deferred tax assets net of the valuation allowance will be realized. Earnings Per Share Basic earnings per share exclude the impact of common share equivalents and are based upon the weighted average common shares outstanding. Diluted earnings per share utilize the average market price per share when applying the treasury stock method in determining common share dilution. When outstanding stock options are dilutive, they are treated as common share equivalents for purposes of computing diluted earnings per share and represent the difference between basic and diluted weighted average shares outstanding. In loss periods, the options are excluded from the calculation of diluted earnings per share, as the inclusion of such options would have an anti-dilutive effect. Revenue Recognition a. General Agency Operations Commissions due the Company are recognized as income on the effective date of b. Insurance Company Operation Premium is earned on a pro-rata basis over the terms of the policies. Premium applicable to the unexpired terms of policies in force are recorded as unearned premium. The Company receives a commission on policies that are ceded to its reinsurers. This commission is considered earned on a pro-rata basis over the terms of the policies. c. Insurance Premium Financing Operations Premium finance interest may be charged to policyholders who choose to finance insurance premium. Interest may be charged at rates that vary with the amount of premium financed. Premium finance interest, if any, is recognized using a method that approximates the interest (actuarial) method. Other charges and fees earned include late fees, returned check fees and payment processing fees that are earned when recorded. Losses and Loss Adjustment Expenses The liability for unpaid losses and loss adjustment expenses is based upon the accumulation of individual case estimates for losses reported prior to the close of the accounting period plus estimates based on experience and industry data for development of case estimates and for incurred but unreported losses and loss adjustment expenses. There is a high level of uncertainty inherent in the evaluation of the required loss and loss adjustment expense reserves for Crusader. The long-tailed nature of liability claims and the volatility of jury awards exacerbate that uncertainty. Crusader records The ultimate cost of claims is dependent upon future events, the outcomes of which are affected by many factors. Crusader’s claim reserving procedures and settlement philosophy, current and perceived social and economic inflation, current and future court rulings and jury attitudes, improvements in medical technology, and many other economic, scientific, legal, political, and social factors all can have significant effects on the ultimate costs of claims. Changes in Company operations and management philosophy also may cause actual developments to vary from the past. Since the emergence and disposition of claims are subject to uncertainties, the net amounts that will ultimately be paid to settle claims may vary significantly from the estimated amounts provided for in the accompanying consolidated financial statements. Any adjustments to reserves are reflected in the operating results of the periods in which they are made. Management believes that the Restricted Funds Restricted funds are as follows: Year ended December 31 2015 2014 Premium trust funds (1) $ 44,181 $ 112,008 Assigned to state agencies (2) 700,000 700,000 Total restricted funds $ 744,181 $ 812,008 (1) As required by law, the Company segregates from its operating accounts the premium collected from insured’s that are payable to insurance companies into separate trust accounts. These amounts are included in cash and short-term investments. Trust restrictions on cash and short-term investments were $44,181 and $112,008 at December 31, 2015 and 2014, respectively. (2) Included in fixed maturity investments are statutory deposits assigned to and held by the California State Treasurer and the Insurance Commissioner of the State of Nevada. These deposits are required for writing certain lines of business in California and for admission in states other than California. Deferred Policy Acquisition Costs ASC Topic 944, “Financial Services – Insurance,” establishes uniformity in the practice of determining costs related to the acquisition of new or renewal insurance contracts that qualify for deferral. Policy acquisition costs consist of commissions, premium taxes, inspection fees and certain other underwriting costs, which are related to the successful production of Crusader insurance policies. Policy acquisition costs that are eligible for deferral are deferred and amortized as the related premium is earned and are limited to their estimated realizable value Ceding commission applicable to the unexpired terms Reinsurance Crusader employs reinsurance to provide greater diversification of business allowing management to control exposure to potential losses arising from large risks by reinsuring certain levels of risk in various areas of exposure, to reduce the loss that may arise from catastrophes, and to provide additional capacity for growth. Prepaid reinsurance premium and reinsurance receivables are reported as assets and represent ceded unearned premium and reinsurance recoverable on both paid and unpaid losses and loss adjustment expenses, respectively. Amounts recoverable from reinsurers are estimated in a manner consistent with the claim liability associated with the reinsured policies. Crusader evaluates each of its ceded reinsurance contracts at its inception to determine if there is sufficient risk transfer to allow the contract to be accounted for as reinsurance under current accounting literature. As of December 31, 2015, all such ceded contracts are accounted for as risk transfer reinsurance. Crusader evaluates and monitors the financial condition of its reinsurers and factors such as collection periods, disputes, applicable coverage defenses and other factors to assess the need for any allowance against anticipated reinsurance recoveries. No such allowance was considered necessary at December 31, 2015 or 2014. Segment Reporting ASC Topic 280, “Segment Reporting,” establishes standards for the way information about operating segments are reported in financial statements. The Company has identified its insurance company operation as its primary reporting segment. Revenues from this segment comprised 91% of consolidated revenues for the year ended December 31, 2015, 90% of consolidated revenues for the year ended December 31, 2014, and 89% of consolidated revenues for the year ended December 31, 2013. The Company’s remaining operations constitute a variety of specialty insurance services, each with unique characteristics and individually insignificant to consolidated revenues. The insurance company operation is conducted through Crusader, which as of December 31, 2015, was licensed as an admitted insurance carrier in the states of Arizona, California, Nevada, Oregon, and Washington. Crusader is a multi-line property and casualty insurance company, which began transacting business on January 1, 1985. For the year ended December 31, 2015, 98% of Crusader’s business was commercial multi-peril (CMP) insurance policies. CMP policies provide a combination of property and liability coverage for businesses. Commercial property coverage insures against loss or damage to buildings, inventory and equipment from natural disasters, including hurricanes, windstorms, hail, water, explosions, severe winter weather, and other events such as theft and vandalism, fires and storms and financial loss due to business interruption resulting from covered property damage. However, Crusader does not write earthquake coverage. Commercial liability coverage insures against third party liability from accidents occurring on the insured’s premises or arising out of its operations, such as injuries sustained from products sold or the operation of the insured’s premises. In addition to CMP policies, Crusader also writes separate policies to insure commercial property and commercial liability risks on a mono-line basis. Revenues, income before income taxes and assets by segment are as follows: Year ended December 31 2015 2014 2013 Revenues Insurance company operation $ 30,420,988 $ 27,466,597 $ 27,806,086 Other insurance operations 12,811,385 11,991,554 11,874,171 Intersegment eliminations (1) (9,967,734 ) (8,987,911 ) (8,549,365 ) Total other insurance operations 2,843,651 3,003,643 3,324,806 Total revenues $ 33,264,639 $ 30,470,240 $ 31,130,892 Income (loss) before income taxes Insurance company operation $ 1,161,930 $ 3,552,323 $ 3,276,209 Other insurance operations (2,896,888 ) (2,255,818 ) (2,035,434 ) Total income (loss) before income taxes $ (1,734,958 ) $ 1,296,505 $ 1,240,775 Assets Insurance company operation $ 118,482,261 $ 123,048,404 $ 118,996,312 Intersegment eliminations (2) (1,409,797 ) (1,657,750 ) (482,624 ) Total insurance company operation 117,072,464 121,390,654 118,513,688 Other insurance operations 23,097,971 14,624,915 14,339,500 Total assets $ 140,170,435 $ 136,015,569 $ 132,853,188 (1) Intersegment revenue eliminations reflect commissions paid by Crusader to Unifax Insurance Systems, Inc. (Unifax), a wholly owned subsidiary of Unico. (2) Intersegment asset eliminations reflect the elimination of Crusader receivables from Unifax and Unifax payables to Crusader. Concentration of Risks In 2015 and 2014, 99.5% and 99.8%, respectively, of Crusader’s direct written premium was derived from California. In 2015, approximately 39% and 40% of the $960,670 commission income from the Company’s health insurance program was from Guardian Life Insurance Company of America dental and group life plan programs and the Blue Shield Care Trust, health and life insurance programs, respectively. In 2014, approximately 38% and 39% of the $1,082,412 commission income from the Company’s health insurance program was from Guardian Life Insurance Company of America dental and group life plan programs and the Blue Shield Care Trust, health and life insurance programs, respectively. Crusader’s reinsurance recoverable on paid and unpaid losses and loss adjustment expenses is as follows: Name of Reinsurer A.M. Best Rating Amount Recoverable as of December 31, 2015 Amount Recoverable as of December 31, 2014 Platinum Underwriters Reinsurance, Inc. A $ 5,835,678 $ 2,880,171 Hannover Ruckversicherungs AG A+ 2,813,283 1,914,641 Partners Reinsurance Company of the U.S. A (30 ) (30 ) General Reinsurance Corporation A++ (29 ) (29 ) TOA Reinsurance A+ 1,739,410 544,535 QBE Reinsurance Corporation A (28 ) 24,494 Total $ 10,388,284 $ 5,363,782 Stock-Based Compensation Share-based compensation expense for all share-based payment awards granted or modified on or after January 1, 2006, is based on the grant-date fair value estimated in accordance with the provisions of ASC 718, “Compensation - Stock Compensation” using the modified prospective transition method. Recently Issued Accounting Standards In May 2015, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2015-09 “Disclosures About Short-Duration Contracts.” The objective of this ASU is to increase transparency about significant estimates in unpaid losses and loss adjustment expenses and provide additional information about amount, timing and uncertainty of cash flows related to unpaid losses and loss adjustment expenses. ASU 2015-09 is not expected to have any impact on the Company’s consolidated financial statements. The disclosure mandated by ASU 2015-09 will become effective for annual and quarterly reporting periods ended on and after December 31, 2016.
Nature of Business	Nature of Business Unico American Corporation is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty and health insurance through its agency subsidiaries; and provides insurance premium financing and membership association services through its other subsidiaries. Unico American Corporation is referred to herein as the "Company" or "Unico," and such references include both the corporation and its subsidiaries, all of which are wholly owned. Unico was incorporated under the laws of Nevada in 1969.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Unico American Corporation and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP). As described in Note 14, the Company's insurance subsidiary also files financial statements with regulatory agencies prepared on a statutory basis of accounting that differs from GAAP.
Use of Estimtes in the Preparation of the Financial Statements	Use of Estimates in the Preparation of the Financial Statements The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect its reported amounts of assets and liabilities and its disclosure of any contingent assets and liabilities at the date of its financial statements, as well as its reported amounts of revenues and expenses during the reporting period. The most significant assumptions in the preparation of these consolidated financial statements relate to losses and loss adjustment expenses. While every effort is made to ensure the integrity of such estimates, actual results may differ.
Investments	Investments All of the Company’s fixed maturity investments are classified as available-for-sale and are stated at fair value, with unrealized gains or losses, net of applicable deferred income taxes, excluded from earnings and credited or charged to a separate component of equity. Although all of the Company's investments are classified as available-for-sale and the Company may sell investment securities from time to time in response to economic and market conditions, its investment guidelines place primary emphasis on buying and holding high-quality investments to maturity. Interest income on fixed maturity investments and short-term investments is recognized on an accrual basis at each measurement date and is included in net investment income in the Company’s Consolidated Statements of Operations. The Company has a comprehensive portfolio monitoring process to identify and evaluate each fixed income security whose carrying value may be other-than-temporarily impaired. For each fixed income security in an unrealized loss position, the Company assesses whether it is more likely than not that the Company will be required to sell the security before recovery of the amortized cost basis for reasons such as liquidity, contractual or regulatory purposes, or the credit quality of the underlying security. If a security meets this criteria, the security's decline in fair value is considered other than temporary and is recorded as a net realized investment loss in the Consolidated Statements of Operations and in the Consolidated Statements of Comprehensive Income (Loss) based on the specific identification method. There were no realized investments gains (losses) from other than temporary impairments for any of the periods presented in the accompanying Consolidated Statements of Operations. For each fixed income security that the Company does not intend to sell or for which it is more likely than not that the Company would not be required to sell before an anticipated recovery in value, the Company separates the credit loss component of the impairment, if any, from the amount related to all other factors and reports the credit loss component in net realized investment gains (losses). There was no credit loss component for any of the periods presented in the accompanying Consolidated Statements of Operations. The unrealized gains from fixed maturities are reported as “Accumulated other comprehensive income (loss),” which is a separate component of stockholders’ equity, net of any deferred tax effect. Short-term investments include U.S. treasury bills, a U.S. treasury money market fund, certificates of deposit and bank money market and savings accounts that are all highly rated and redeemable within one year.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company employs a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). Financial assets and financial liabilities recorded on the Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs to the valuation techniques. (See Note 4.) The Company has used the following methods and assumptions in estimating its fair value disclosures: Fixed maturities: 1. Investment securities, excluding long-term certificates of deposit – Fair values are obtained from a national quotation service. 2. Long-term certificates of deposit – The carrying amounts reported at cost in the Consolidated Balance Sheets for these instruments approximate their fair values. Cash and short-term investments – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Receivables, net – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Accrued expenses and other liabilities – The carrying amounts reported at cost in the Consolidated Balance Sheets approximate the fair values given the short-term nature of these instruments.
Property and Equipment	Property and Equipment All property and equipment is stated at cost less accumulated depreciation and amortization on the Consolidated Balance Sheets. The Company acquired an office building located at 26050 Mureau Road, Calabasas, California, in September 2013. Leasehold improvements to the structure are amortized over the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Improvements to the structure are amortized over the useful life of the improvements. Depreciation on the Calabasas building is computed using the straight line method over 39 years. Depreciation on computed using the straight line method over 3 to 15 years. Amortization of leasehold improvements in the Calabasas building is being computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease. Depreciation on property and equipment located in Woodland Hills, California, is computed using straight line methods over 3 to 7 years. Amortization of leasehold improvements on property located in Woodland Hills, California, is computed using the shorter of the useful life of the leasehold improvements or the remaining years of the lease.
Income Taxes	Income Taxes The Company and its wholly owned subsidiaries file consolidated federal and state income tax returns. Pursuant to the tax allocation agreement, the Company’s wholly owned subsidiaries, Crusader Insurance Company (Crusader) and American Acceptance Corporation (AAC), are allocated taxes or tax credits in the case of losses, at current corporate rates based on their own taxable income or loss. The Company files income tax returns under U.S. federal and various state jurisdictions. The Company is subject to examination by U.S. federal income tax authorities for tax returns filed starting at taxable year 2012 and California state income tax authorities for tax returns filed starting at taxable year 2011. There are no ongoing examinations of income tax returns by federal or state tax authorities. As of December 31, 2015, the Company had no unrecognized tax benefits or liabilities. In addition, the Company had not accrued interest and penalties related to unrecognized tax benefits or liabilities. However, if interest and penalties would need to be accrued related to unrecognized tax benefits or liabilities, such amounts would be recognized as a component of federal income tax expense. As a California insurance company, Crusader is obligated to pay a premium tax on direct written premium in all states that Crusader is admitted. Premium taxes are deferred and amortized as the related premium is earned. The premium tax is in lieu of state franchise taxes and is not included in the provision for state taxes. The provision for federal income taxes is computed on the basis of income as reported for financial reporting purposes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, and are measured using the enacted tax rates and laws expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Income tax expense provisions increase or decrease in the same period in which a change in tax rates is enacted. At each balance sheet date, management assesses the need to establish a valuation allowance that reduces deferred tax assets when it is more-likely-than-not that any portion of the deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon generating sufficient taxable income of the appropriate character within the carryback and carryforward periods available under the tax law. Management considers the reversal of deferred tax liabilities, projected future taxable income of an appropriate nature and tax-planning strategies when making this assessment. Although realization is not assured, management believes that it is more likely-than-not that the Company’s deferred tax assets net of the valuation allowance will be realized.
Earnings Per Share	Earnings Per Share Basic earnings per share exclude the impact of common share equivalents and are based upon the weighted average common shares outstanding. Diluted earnings per share utilize the average market price per share when applying the treasury stock method in determining common share dilution. When outstanding stock options are dilutive, they are treated as common share equivalents for purposes of computing diluted earnings per share and represent the difference between basic and diluted weighted average shares outstanding. In loss periods, the options are excluded from the calculation of diluted earnings per share, as the inclusion of such options would have an anti-dilutive effect.
Revenue Recognition	Revenue Recognition a. General Agency Operations Commissions due the Company are recognized as income on the effective date of b. Insurance Company Operation Premium is earned on a pro-rata basis over the terms of the policies. Premium applicable to the unexpired terms of policies in force are recorded as unearned premium. The Company receives a commission on policies that are ceded to its reinsurers. This commission is considered earned on a pro-rata basis over the terms of the policies. c. Insurance Premium Financing Operations Premium finance interest may be charged to policyholders who choose to finance insurance premium. Interest may be charged at rates that vary with the amount of premium financed. Premium finance interest, if any, is recognized using a method that approximates the interest (actuarial) method. Other charges and fees earned include late fees, returned check fees and payment processing fees that are earned when recorded.
Loss and Loss Adjustment Expenses	Losses and Loss Adjustment Expenses The liability for unpaid losses and loss adjustment expenses is based upon the accumulation of individual case estimates for losses reported prior to the close of the accounting period plus estimates based on experience and industry data for development of case estimates and for incurred but unreported losses and loss adjustment expenses. There is a high level of uncertainty inherent in the evaluation of the required loss and loss adjustment expense reserves for Crusader. The long-tailed nature of liability claims and the volatility of jury awards exacerbate that uncertainty. Crusader records The ultimate cost of claims is dependent upon future events, the outcomes of which are affected by many factors. Crusader’s claim reserving procedures and settlement philosophy, current and perceived social and economic inflation, current and future court rulings and jury attitudes, improvements in medical technology, and many other economic, scientific, legal, political, and social factors all can have significant effects on the ultimate costs of claims. Changes in Company operations and management philosophy also may cause actual developments to vary from the past. Since the emergence and disposition of claims are subject to uncertainties, the net amounts that will ultimately be paid to settle claims may vary significantly from the estimated amounts provided for in the accompanying consolidated financial statements. Any adjustments to reserves are reflected in the operating results of the periods in which they are made. Management believes that the
Restricted Funds	Restricted Funds Restricted funds are as follows: Year ended December 31 2015 2014 Premium trust funds (1) $ 44,181 $ 112,008 Assigned to state agencies (2) 700,000 700,000 Total restricted funds $ 744,181 $ 812,008 (1) As required by law, the Company segregates from its operating accounts the premium collected from insured’s that are payable to insurance companies into separate trust accounts. These amounts are included in cash and short-term investments. Trust restrictions on cash and short-term investments were $44,181 and $112,008 at December 31, 2015 and 2014, respectively. (2) Included in fixed maturity investments are statutory deposits assigned to and held by the California State Treasurer and the Insurance Commissioner of the State of Nevada. These deposits are required for writing certain lines of business in California and for admission in states other than California.
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs ASC Topic 944, “Financial Services – Insurance,” establishes uniformity in the practice of determining costs related to the acquisition of new or renewal insurance contracts that qualify for deferral. Policy acquisition costs consist of commissions, premium taxes, inspection fees and certain other underwriting costs, which are related to the successful production of Crusader insurance policies. Policy acquisition costs that are eligible for deferral are deferred and amortized as the related premium is earned and are limited to their estimated realizable value Ceding commission applicable to the unexpired terms
Reinsurance	Reinsurance Crusader employs reinsurance to provide greater diversification of business allowing management to control exposure to potential losses arising from large risks by reinsuring certain levels of risk in various areas of exposure, to reduce the loss that may arise from catastrophes, and to provide additional capacity for growth. Prepaid reinsurance premium and reinsurance receivables are reported as assets and represent ceded unearned premium and reinsurance recoverable on both paid and unpaid losses and loss adjustment expenses, respectively. Amounts recoverable from reinsurers are estimated in a manner consistent with the claim liability associated with the reinsured policies. Crusader evaluates each of its ceded reinsurance contracts at its inception to determine if there is sufficient risk transfer to allow the contract to be accounted for as reinsurance under current accounting literature. As of December 31, 2015, all such ceded contracts are accounted for as risk transfer reinsurance. Crusader evaluates and monitors the financial condition of its reinsurers and factors such as collection periods, disputes, applicable coverage defenses and other factors to assess the need for any allowance against anticipated reinsurance recoveries. No such allowance was considered necessary at December 31, 2015 or 2014.
Segment Reporting	Segment Reporting ASC Topic 280, “Segment Reporting,” establishes standards for the way information about operating segments are reported in financial statements. The Company has identified its insurance company operation as its primary reporting segment. Revenues from this segment comprised 91% of consolidated revenues for the year ended December 31, 2015, 90% of consolidated revenues for the year ended December 31, 2014, and 89% of consolidated revenues for the year ended December 31, 2013. The Company’s remaining operations constitute a variety of specialty insurance services, each with unique characteristics and individually insignificant to consolidated revenues. The insurance company operation is conducted through Crusader, which as of December 31, 2015, was licensed as an admitted insurance carrier in the states of Arizona, California, Nevada, Oregon, and Washington. Crusader is a multi-line property and casualty insurance company, which began transacting business on January 1, 1985. For the year ended December 31, 2015, 98% of Crusader’s business was commercial multi-peril (CMP) insurance policies. CMP policies provide a combination of property and liability coverage for businesses. Commercial property coverage insures against loss or damage to buildings, inventory and equipment from natural disasters, including hurricanes, windstorms, hail, water, explosions, severe winter weather, and other events such as theft and vandalism, fires and storms and financial loss due to business interruption resulting from covered property damage. However, Crusader does not write earthquake coverage. Commercial liability coverage insures against third party liability from accidents occurring on the insured’s premises or arising out of its operations, such as injuries sustained from products sold or the operation of the insured’s premises. In addition to CMP policies, Crusader also writes separate policies to insure commercial property and commercial liability risks on a mono-line basis. Revenues, income before income taxes and assets by segment are as follows: Year ended December 31 2015 2014 2013 Revenues Insurance company operation $ 30,420,988 $ 27,466,597 $ 27,806,086 Other insurance operations 12,811,385 11,991,554 11,874,171 Intersegment eliminations (1) (9,967,734 ) (8,987,911 ) (8,549,365 ) Total other insurance operations 2,843,651 3,003,643 3,324,806 Total revenues $ 33,264,639 $ 30,470,240 $ 31,130,892 Income (loss) before income taxes Insurance company operation $ 1,161,930 $ 3,552,323 $ 3,276,209 Other insurance operations (2,896,888 ) (2,255,818 ) (2,035,434 ) Total income (loss) before income taxes $ (1,734,958 ) $ 1,296,505 $ 1,240,775 Assets Insurance company operation $ 118,482,261 $ 123,048,404 $ 118,996,312 Intersegment eliminations (2) (1,409,797 ) (1,657,750 ) (482,624 ) Total insurance company operation 117,072,464 121,390,654 118,513,688 Other insurance operations 23,097,971 14,624,915 14,339,500 Total assets $ 140,170,435 $ 136,015,569 $ 132,853,188 (1) Intersegment revenue eliminations reflect commissions paid by Crusader to Unifax Insurance Systems, Inc. (Unifax), a wholly owned subsidiary of Unico. (2) Intersegment asset eliminations reflect the elimination of Crusader receivables from Unifax and Unifax payables to Crusader.
Concentration of Risk	Concentration of Risks In 2015 and 2014, 99.5% and 99.8%, respectively, of Crusader’s direct written premium was derived from California. In 2015, approximately 39% and 40% of the $960,670 commission income from the Company’s health insurance program was from Guardian Life Insurance Company of America dental and group life plan programs and the Blue Shield Care Trust, health and life insurance programs, respectively. In 2014, approximately 38% and 39% of the $1,082,412 commission income from the Company’s health insurance program was from Guardian Life Insurance Company of America dental and group life plan programs and the Blue Shield Care Trust, health and life insurance programs, respectively. Crusader’s reinsurance recoverable on paid and unpaid losses and loss adjustment expenses is as follows: Name of Reinsurer A.M. Best Rating Amount Recoverable as of December 31, 2015 Amount Recoverable as of December 31, 2014 Platinum Underwriters Reinsurance, Inc. A $ 5,835,678 $ 2,880,171 Hannover Ruckversicherungs AG A+ 2,813,283 1,914,641 Partners Reinsurance Company of the U.S. A (30 ) (30 ) General Reinsurance Corporation A++ (29 ) (29 ) TOA Reinsurance A+ 1,739,410 544,535 QBE Reinsurance Corporation A (28 ) 24,494 Total $ 10,388,284 $ 5,363,782
Stock Based Compensation	Stock-Based Compensation Share-based compensation expense for all share-based payment awards granted or modified on or after January 1, 2006, is based on the grant-date fair value estimated in accordance with the provisions of ASC 718, “Compensation - Stock Compensation” using the modified prospective transition method.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In May 2015, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2015-09 “Disclosures About Short-Duration Contracts.” The objective of this ASU is to increase transparency about significant estimates in unpaid losses and loss adjustment expenses and provide additional information about amount, timing and uncertainty of cash flows related to unpaid losses and loss adjustment expenses. ASU 2015-09 is not expected to have any impact on the Company’s consolidated financial statements. The disclosure mandated by ASU 2015-09 will become effective for annual and quarterly reporting periods ended on and after December 31, 2016.

Resticted Funds (Tables)

Resticted Funds (Tables)	12 Months Ended
	Dec. 31, 2015
Resticted Funds Tables
Schedule of Restricted Funds	Restricted funds are as follows: Year ended December 31 2015 2014 Premium trust funds (1) $ 44,181 $ 112,008 Assigned to state agencies (2) 700,000 700,000 Total restricted funds $ 744,181 $ 812,008 (1) As required by law, the Company segregates from its operating accounts the premium collected from insured’s that are payable to insurance companies into separate trust accounts. These amounts are included in cash and short-term investments. Trust restrictions on cash and short-term investments were $44,181 and $112,008 at December 31, 2015 and 2014, respectively. (2) Included in fixed maturity investments are statutory deposits assigned to and held by the California State Treasurer and the Insurance Commissioner of the State of Nevada. These deposits are required for writing certain lines of business in California and for admission in states other than California.

Segment Data (Tables)

Segment Data (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Data Tables
Revenues, income before income taxes and assets by segment	Revenues, income before income taxes and assets by segment are as follows: Year ended December 31 2015 2014 2013 Revenues Insurance company operation $ 30,420,988 $ 27,466,597 $ 27,806,086 Other insurance operations 12,811,385 11,991,554 11,874,171 Intersegment eliminations (1) (9,967,734 ) (8,987,911 ) (8,549,365 ) Total other insurance operations 2,843,651 3,003,643 3,324,806 Total revenues $ 33,264,639 $ 30,470,240 $ 31,130,892 Income (loss) before income taxes Insurance company operation $ 1,161,930 $ 3,552,323 $ 3,276,209 Other insurance operations (2,896,888 ) (2,255,818 ) (2,035,434 ) Total income (loss) before income taxes $ (1,734,958 ) $ 1,296,505 $ 1,240,775 Assets Insurance company operation $ 118,482,261 $ 123,048,404 $ 118,996,312 Intersegment eliminations (2) (1,409,797 ) (1,657,750 ) (482,624 ) Total insurance company operation 117,072,464 121,390,654 118,513,688 Other insurance operations 23,097,971 14,624,915 14,339,500 Total assets $ 140,170,435 $ 136,015,569 $ 132,853,188 (1) Intersegment revenue eliminations reflect commissions paid by Crusader to Unifax Insurance Systems, Inc. (Unifax), a wholly owned subsidiary of Unico. (2) Intersegment asset eliminations reflect the elimination of Crusader receivables from Unifax and Unifax payables to Crusader.

Concentration Of Risk - Reinsur

Concentration Of Risk - Reinsurance Recoverable (Tables)	12 Months Ended
	Dec. 31, 2015
Concentration Of Risk - Reinsurance Recoverable Tables
Reinsurance recoverable	Crusader’s reinsurance recoverable on paid and unpaid losses and loss adjustment expenses is as follows: Name of Reinsurer A.M. Best Rating Amount Recoverable as of December 31, 2015 Amount Recoverable as of December 31, 2014 Platinum Underwriters Reinsurance, Inc. A $ 5,835,678 $ 2,880,171 Hannover Ruckversicherungs AG A+ 2,813,283 1,914,641 Partners Reinsurance Company of the U.S. A (30 ) (30 ) General Reinsurance Corporation A++ (29 ) (29 ) TOA Reinsurance A+ 1,739,410 544,535 QBE Reinsurance Corporation A (28 ) 24,494 Total $ 10,388,284 $ 5,363,782

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Investments Tables
Summary of investment income and net realized losses	A summary of net investment income and net realized losses is as follows: Year ended December 31 2015 2014 2013 Fixed maturities $ 430,828 $ 102,471 $ 253,252 Short-term investments 48,536 59,267 79,745 Total investment income 479,364 161,738 332,997 Net realized losses (7,251 ) — — Investment income and net realized losses $ 472,113 $ 161,738 $ 332,997
Investments by contractual maturity	The amortized cost and estimated fair value of fixed maturity investments at December 31, 2015, by contractual maturity are as follows. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. Amortized Cost Estimated Fair Value Due in one year or less $ 18,119,689 $ 18,115,190 Due after one year through five years 64,083,038 64,046,101 Total fixed maturities $ 82,202,727 $ 82,161,291
Investments by amortized cost and estimated fiar value	The amortized cost and estimated fair values of investments in fixed maturities by category are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2015 Available-for-sale: Fixed maturities Certificates of deposit $ 58,127,000 $ — $ — $ 58,127,000 U.S. treasury securities 24,075,727 3,188 (44,624 ) 24,034,291 Total fixed maturities $ 82,202,727 $ 3,188 $ (44,624 ) $ 82,161,291 December 31, 2014 Available-for-sale: Fixed maturities Certificates of deposit $ 15,089,000 $ — $ — $ 15,089,000 U.S. treasury securities 20,064,111 14,476 (9,031 ) 20,069,556 Total fixed maturities $ 35,153,111 $ 14,476 $ (9,031 ) $ 35,158,556
Summary of unrealized appreciation (depreciation) on investments	A summary of the unrealized appreciation (depreciation) on investments carried at fair value and the applicable deferred federal income taxes is shown below: Year ended December 31 2015 2014 Gross unrealized appreciation of fixed maturities $ 3,188 $ 14,476 Gross unrealized (depreciation) of fixed maturities (44,624 ) (9,031 ) Net unrealized appreciation (depreciation) on investments (41,436 ) 5,445 Deferred federal tax (expense) benefit 14,088 (1,851 ) Net unrealized appreciation (depreciation), net of deferred $ (27,348 ) $ 3,594
Summary of short term investments	Short-term investments have an initial maturity of one year or less and consist of the following: Year ended December 31 2015 2014 U.S. treasury bills $ 9,987,804 $ 69,968,988 U.S. treasury money market fund 3,357,841 1,450,451 Certificates of deposit 1,346,000 — Bank money market accounts 947,395 838,207 Bank savings accounts 1,763 1,762 Total short-term investments $ 15,640,803 $ 72,259,408

Fair Value Of Financial Instr32

Fair Value Of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Of Financial Instruments Tables
Fair value of financial instruments	The following table presents information about the Company’s financial instruments and their estimated fair values, which are measured on a recurring basis, allocated among the three levels within the fair value hierarchy as of December 31, 2015 and 2014: Level 1 Level 2 Level 3 Total December 31, 2015 Financial instruments: Fixed maturities securities: U.S. treasury securities $ 24,034,291 $ — $ — $ 24,034,291 Certificates of deposit — 58,127,000 — 58,127,000 Total fixed maturity securities 24,034,291 58,127,000 — 82,161,291 Cash and short-term investments 15,975,298 — — 15,975,298 Total financial instruments at fair value $ 40,009,589 $ 58,127,000 $ — $ 98,136,589 December 31, 2014 Financial instruments: Fixed maturities securities: U.S. treasury securities $ 20,069,556 $ — $ — $ 20,069,556 Certificates of deposit — 15,089,000 — 15,089,000 Total fixed maturity securities 20,069,556 15,089,000 — 35,158,556 Cash and short-term investments 72,568,570 — — 72,568,570 Total financial instruments at fair value $ 92,638,126 $ 15,089,000 $ — $ 107,727,126

Property And Equipment Summary

Property And Equipment Summary (Tables)	12 Months Ended
	Dec. 31, 2015
Property And Equipment Summary Tables
Property and equipment summary	Property and equipment consist of the following: Year ended December 31 2015 2014 Building and leasehold improvements, located in Calabasas, California $ 8,217,477 $ 7,269,449 Furniture, fixtures, equipment and other leasehold improvements 2,251,623 2,633,536 Accumulated depreciation and amortization (2,204,027 ) (2,637,966 ) Land located in Calabasas, California 1,787,485 1,787,485 Computer software under development 168,162 1,457,802 Property and equipment, net $ 10,220,720 $ 10,510,306

Summary of Receivables (Tables)

Summary of Receivables (Tables)	12 Months Ended
	Dec. 31, 2015
Summary Of Receivables Tables
Summary of Receivables	Receivables, net, include premium, commissions and notes receivable and are as follows: Year ended December 31 2015 2014 Premium and commission receivable $ 2,001,609 $ 1,966,376 Premium finance notes receivable 4,689,040 4,390,226 Total premium and notes receivable 6,690,649 6,356,602 Allowance for doubtful accounts (1,185,288 ) (1,186,289 ) Receivables, net $ 5,505,361 $ 5,170,313

Unpaid Losses and Loss Adjust35

Unpaid Losses and Loss Adjustment Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Unpaid Losses And Loss Adjustment Expenses Tables
Unpaid losses and loss adjustment expenses	Crusader’s loss and loss adjustment expense reserves are as follows: Year ended December 31 2015 2014 Direct reserves: Case reserves $ 17,991,121 $ 14,983,886 IBNR reserves 31,102,450 29,412,672 Total direct reserves $ 49,093,571 $ 44,396,558 Reserves net of reinsurance: Case reserves $ 14,696,913 $ 13,045,290 IBNR reserves 24,759,697 26,188,493 Total net reserves $ 39,456,610 $ 39,233,783
Reserves for Loss and loss adjustment expenses by line of business	Reserves for losses and loss adjustment expenses before reinsurance for each of Crusader’s lines of business are as follows: Year ended December 31 Line of Business 2015 2014 CMP $ 48,167,640 98.1 % $ 43,457,425 97.9 % Other liability 889,867 1.8 % 911,633 2.0 % Other 36,064 0.1 % 27,500 0.1 % Total $ 49,093,571 100.0 % $ 44,396,558 100.0 %
Rollforward of loss and loss adjustment expense reserves	The following table provides an analysis of the roll forward of Crusader’s loss and loss adjustment expense reserves, including a reconciliation of the ending balance sheet liability for the periods indicated: Year ended December 31 2015 2014 2013 Reserve for unpaid losses and loss adjustment expenses at beginning of year – net of reinsurance $ 39,233,783 $ 39,448,546 $ 43,200,582 Incurred losses and loss adjustment expenses: Provision for insured events of current year 21,607,628 17,925,882 20,648,634 Decrease in provision for incurred events of prior years (2,444,312 ) (3,308,764 ) (4,559,459 ) Total incurred losses and loss adjustment expenses 19,163,316 14,617,118 16,089,175 Payments: Losses and loss adjustment expenses attributable to insured events of the current year 6,812,275 4,286,861 8,096,070 Losses and loss adjustment expenses attributable to insured events of prior years 12,128,214 10,545,020 11,745,141 Total payments 18,940,489 14,831,881 19,841,211 Reserve for unpaid losses and loss adjustment expenses at end of year – net of reinsurance 39,456,610 39,233,783 39,448,546 Reinsurance recoverable on unpaid losses and loss adjustment expenses at end of year 9,636,961 5,162,775 4,428,283 Reserve for unpaid losses and loss adjustment expenses at end of year per balance sheet, gross of reinsurance $ 49,093,571 $ 44,396,558 $ 43,876,829

Deferred Policy Acquisition C36

Deferred Policy Acquisition Costs Roll Forward (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Policy Acquisition Costs Roll Forward Tables
Deferred policy acquisition costs rollforward	The following table provides an analysis of the roll forward of the Company’s deferred policy acquisition costs: Year ended December 31 2015 2014 2013 Deferred policy acquisition costs at beginning of year $ 3,882,825 $ 3,636,003 $ 3,785,594 Policy acquisition costs deferred during year 6,465,232 6,232,930 5,882,536 Policy acquisition costs amortized during year (6,114,661 ) (5,986,108 ) (6,032,127 ) Deferred policy acquisition costs at end of year $ 4,233,396 $ 3,882,825 $ 3,636,003

Summary of Accrued Expenses and

Summary of Accrued Expenses and Other Liablilities (Tables)	12 Months Ended
	Dec. 31, 2015
Summary Of Accrued Expenses And Other Liablilities Tables
Summary of accrued expenses and other liabilities	Accrued expenses and other liabilities consist of the following: Year ended December 31 2015 2014 Premium payable $ 532,928 $ 509,642 Unearned contingent commission on reinsurance treaty — 77,839 Unearned policy fee income 839,810 828,664 Retirement plans 238,900 251,125 Accrued salaries and employee benefits 312,986 477,682 Commission payable 134,172 128,785 Other 384,488 712,580 Total accrued expenses and other liabilities $ 2,443,284 $ 2,986,317

Reinsurance Agreements (Tables)

Reinsurance Agreements (Tables)	12 Months Ended
	Dec. 31, 2015
Reinsurance Agreements Tables
Primary reinsurance agreements	Crusader’s primary excess of loss reinsurance agreements during years ended December 31, 2015, 2014 and 2013 are as follows: Loss Years Reinsurers A.M. Best Rating Retention Annual Aggregate Deductible 2013 – 2015 Platinum Underwriters Reinsurance, Inc. A $ 500,000 $ —
Effect of reinsurance on premiums written, premiums earned, and incurred losses	The effect of reinsurance on written premium, earned premium and incurred losses and loss adjustment expenses is as follows: Year ended December 31 2015 2014 2013 Written premium: Direct business $ 36,374,509 $ 32,810,088 $ 31,214,091 Reinsurance ceded (5,345,398 ) (5,025,798 ) (5,120,808 ) Net written premium $ 31,029,111 $ 27,784,290 $ 26,093,283 Earned premium: Direct business $ 34,902,435 $ 31,463,691 $ 31,983,540 Reinsurance ceded (5,328,639 ) (5,090,268 ) (5,121,233 ) Net earned premium $ 29,573,796 $ 26,373,423 $ 26,862,307 Incurred losses and loss adjustment expenses: Direct $ 26,495,410 $ 16,795,536 $ 15,491,895 Ceded (7,332,094 ) (2,178,418 ) 597,280 Net incurred losses and loss adjustment expenses $ 19,163,316 $ 14,617,118 $ 16,089,175

Retirement Plan Expenses (Table

Retirement Plan Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Retirement Plan Expenses Tables
Retirement plan expenses	Contributions to the Plan and Money Purchase Plan are as follows: Year ended December 31, 2015 $ 288,692 Year ended December 31, 2014 $ 331,736 Year ended December 31, 2013 $ 345,756

Statutory Net Income And Statut

Statutory Net Income And Statutory Capital And Surplus (Tables)	12 Months Ended
	Dec. 31, 2015
Statutory Net Income And Statutory Capital And Surplus Tables
Statutory Capital and Surplus	Crusader’s statutory capital and surplus are as follows: As of December 31, 2015 $ 61,367,728 As of December 31, 2014 $ 63,492,369
Statutory Net Income	Crusader’s statutory net income is as follows: Year ended December 31, 2015 $ 911,727 Year ended December 31, 2014 $ 2,106,295 Year ended December 31, 2013 $ 2,625,468

Stock Plan (Tables)

Stock Plan (Tables)	12 Months Ended
	Dec. 31, 2015
Stock Plan Tables
Average assumptions used to value stock options	The average assumptions used to value each option award granted during the years ended December 31, 2012 and 2011 are as follows: Years ended December 31 2012 2011 Weighted-average grant date fair value $ 3.21 $ 2.53 Expected dividend yield 1.91 % 3.12 % Expected volatility 28.01 % 28.74 % Risk-free interest rate 1.94 % 2.02 % Expected term (years) 10.00 10.00 Expected forfeiture 0.00 % 0.00 %
Stock option activity	The following table summarizes stock option activity for year ended December 31, 2015: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Terms Aggregate Intrinsic Value Outstanding at December 31, 2014 100,000 $ 10.99 6.72 $ 44,934 Granted — — — — Forfeited or expired — — — — Exercised — — — — Outstanding at December 31, 2015 100,000 $ 10.99 5.72 $ — Exercisable at December 31, 2015 45,620 $ 10.96 5.67 $ —

Taxes On Income (Tables)

Taxes On Income (Tables)	12 Months Ended
	Dec. 31, 2015
Taxes On Income Tables
Provision for taxes	The provision for taxes on income consists of the following: Year ended December 31 2015 2014 2013 Federal: Current $ (761,435 ) $ 591,434 $ 41,922 Deferred 180,235 (150,200 ) 286,546 Total tax expense (benefit) $ (581,200 ) $ 441,234 $ 328,468 State: Current $ 8,960 $ 8,910 $ 8,953 Deferred 20,152 — 299,686 Total tax expense $ 29,112 $ 8,910 $ 308,639 Total: Current $ (752,475 ) $ 600,344 $ 50,875 Deferred 200,387 (150,200 ) 586,232 Total tax expense (benefit) $ (552,088 ) $ 450,144 $ 637,107
Reconcilation of income tax provision and expected income tax	The income tax provision reflected in the Consolidated Statements of Operations is different than the expected federal income tax rate of 34% on income as shown in the following table: Year ended December 31 2015 2014 2013 Computed income tax expense (benefit) at 34% $ (589,886 ) $ 440,812 $ 421,863 Tax effect of: State tax, net of federal tax benefit 18,900 6,018 204,221 Other 18,898 3,314 11,023 Income tax expense (benefit) $ (552,088 ) $ 450,144 $ 637,107
Components of net deferred tax assets	Significant components of the Company’s net deferred tax assets and liabilities are as follows: Year ended December 31 2015 2014 Deferred tax assets: Discount on loss reserves $ 660,930 $ 807,148 Unearned premium 1,248,509 1,158,568 Unearned commission income 438,337 402,566 Unearned policy fee income 359,775 355,000 State net operating loss carryforwards 1,384,171 1,133,946 Bad debt reserve 507,778 508,206 Other 307,406 310,774 Total gross deferred tax assets 4,906,906 4,676,208 Less valuation allowance 1,159,090 853,334 Total deferred tax assets $ 3,747,816 $ 3,822,874 Deferred tax liabilities: Policy acquisition costs $ 1,774,284 $ 1,627,280 Unrealized gains (losses) on investments (14,088 ) 1,851 State tax on undistributed insurance company earnings 357,975 374,258 Federal tax liability on state deferred tax assets 174,514 189,771 Depreciation and amortization 121,044 111,180 Total deferred tax liabilities $ 2,413,729 $ 2,304,340 Net deferred tax assets $ 1,334,087 $ 1,518,534

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share Tables
Basic and diluted earnings per share calculation data	A reconciliation of the numerator and denominator used in the basic and diluted earnings (loss) per share calculation is presented below: Year ended December 31 2015 2014 2013 Basic Earnings (Loss) Per Share Net income (loss) numerator $ (1,182,870 ) $ 846,361 $ 603,668 Weighted average shares outstanding denominator 5,335,540 5,341,147 5,341,147 Per share amount $ (0.22 ) $ 0.16 $ 0.11 Diluted Earnings (Loss) Per Share Net income (loss) numerator $ (1,182,870 ) $ 846,361 $ 603,668 Weighted average shares outstanding 5,335,540 5,341,147 5,341,147 Effect of diluted securities — 5,405 3,065 Diluted shares outstanding denominator 5,335,540 5,346,552 5,344,212 Per share amount $ (0.22 ) $ 0.16 $ 0.11

Selected Quarterly Financial 44

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2015
Selected Quarterly Financial Data Tables
Selected quarterly unaudited financial data	Summarized unaudited quarterly financial data for each of the calendar years 2015 and 2014 is as follows: Comparable Period by Quarter Ended March 31 June 30 September 30 December 31 Calendar Year 2015 Total revenues $ 7,832,199 $ 8,313,691 $ 8,451,503 $ 8,667,246 Income (loss) before taxes $ (591,037 ) $ 182,673 $ (967,640 ) $ (358,954 ) Net income (loss) $ (396,785 ) $ 112,381 $ (649,510 ) $ (248,956 ) Earnings (loss) per share: Basic $ (0.07 ) $ 0.02 $ (0.12 ) $ (0.05 ) Diluted $ (0.07 ) $ 0.02 $ (0.12 ) $ (0.05 ) Calendar Year 2014 Total revenues $ 7,440,111 $ 7,621,768 $ 7,764,783 $ 7,643,578 Income (loss) before taxes $ 906,337 $ 402,321 $ 58,123 $ (70,276 ) Net income (loss) $ 591,783 $ 270,006 $ 32,774 $ (48,202 ) Earnings (loss) per share: Basic $ 0.11 $ 0.05 $ 0.01 $ (0.01 ) Diluted $ 0.11 $ 0.05 $ 0.01 $ (0.01 )

Restricted Funds (Details)

Restricted Funds (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Notes to Financial Statements
Premium trust funds	$ 44,181	$ 112,008
Assigned to state agencies	700,000	700,000
Total restricted funds	$ 744,181	$ 812,008

Segment Reporting (Narrative)

Segment Reporting (Narrative)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Notes to Financial Statements
Percentage of consolidated revenues from insurance company operations segment	91.00%	90.00%	89.00%
Percentage of CMP premium	98.00%

Segment Reporting - Reconcilati

Segment Reporting - Reconcilation of Revenues From Segments to Consolidated (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Insurance company operation									$ 30,420,988	$ 27,466,597	$ 27,806,086
Revenues from other insurance operations									12,811,385	11,991,554	11,874,171
Intersegment revenue eliminations (1)									(9,967,734)	(8,897,911)	(8,549,365)
Revenues from other insurance operations net of intersegment eliminations									2,843,651	3,003,643	3,324,806
Total revenues	$ 8,667,246	$ 8,451,503	$ 8,313,691	$ 7,832,199	$ 7,643,578	$ 7,764,783	$ 7,621,768	$ 7,440,111	33,264,639	30,470,240	31,130,892
Income before Income Taxes
Income before taxes from insurance company operation									1,161,930	3,552,323	3,276,209
Income before taxes from other insurance operations									(2,896,888)	(2,255,818)	(2,035,434)
Total income before income taxes	(358,954)	$ (967,640)	$ 182,673	$ (591,037)	(70,276)	$ 58,123	$ 402,321	$ 906,337	(1,734,958)	1,296,505	1,240,775
Assets
Insurance company operation assets	118,482,261				123,048,404				118,482,261	123,048,404	118,996,312
Intersegment asset eliminations	(1,409,797)				(1,657,750)				(1,409,797)	(1,657,750)	(482,624)
Total insurance company operation	117,072,464				121,390,654				117,072,464	121,390,654	118,513,688
Other insurance operations assets	23,097,971				14,624,915				23,097,971	14,624,915	14,339,500
Total assets	$ 140,170,435				$ 136,015,569				$ 140,170,435	$ 136,015,569	$ 132,853,188

Concentration of Risks - By Rei

Concentration of Risks - By Reinsurer (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
[ReinsuranceRecoverables]	$ 10,388,284	$ 5,363,782
Platinum Underwriters Reinsurance, Inc
[ReinsuranceRecoverables]	5,838,678	2,880,171
Hannover Ruckversicherungs AG
[ReinsuranceRecoverables]	2,813,283	1,914,641
Partners Reinsurance Company of the U.S.
[ReinsuranceRecoverables]	(30)	(30)
General Reinsurance Corporation
[ReinsuranceRecoverables]	(29)	(29)
TOA Reinsurance
[ReinsuranceRecoverables]	1,739,410	544,535
QBE Reinsurance Corporation
[ReinsuranceRecoverables]	$ (28)	$ 24,494

Investments - Investment Income

Investments - Investment Income and Net Realized Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Notes to Financial Statements
Investment income from fixed maturities	$ 430,828	$ 102,471	$ 253,252
Investment income from short-term investments	48,536	59,267	79,745
Total investment income	479,364	161,738	332,997
[us-gaap:RealizedInvestmentGainsLosses]	(7,251)	0	0
Investment income and net realized losses	$ 472,113	$ 161,738	$ 332,997

Investments-Maturity (Details)

Investments-Maturity (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Investments-maturity Details
Due in one year or less - Amortized Costs	$ 18,119,689
Due in one year or less - Estimated Fair Value	18,115,190
Due in one to five years - Amortized Costs	64,083,038
Due in one to five years - Estimated Fair Value	64,046,101
Fixed maturities, at amortized cost	82,202,727	$ 35,153,111
Fixed maturities, at fair value	$ 82,161,291	$ 35,158,556

Investments - Fixed Maturities

Investments - Fixed Maturities by Categories (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Gross unrealized appreciation of fixed maturities	$ 3,188	$ 14,476
Gross unrealized (depreciation) of fixed maturities	(44,624)	(9,031)
Certificates of deposit
Amortized cost	58,127,000	15,089,000
Gross unrealized appreciation of fixed maturities	0	0
Gross unrealized (depreciation) of fixed maturities	0	0
Estimated fair value	58,127,000	15,089,000
U.S. treasury securities
Amortized cost	24,075,727	20,064,111
Gross unrealized appreciation of fixed maturities	3,188	14,476
Gross unrealized (depreciation) of fixed maturities	(44,624)	(9,031)
Estimated fair value	24,034,291	20,069,556
Total fixed maturities
Amortized cost	82,202,727	35,153,111
Gross unrealized appreciation of fixed maturities	3,188	14,476
Gross unrealized (depreciation) of fixed maturities	(44,624)	(9,031)
Estimated fair value	$ 82,161,291	$ 35,158,556

Investments - Unrealized apprec

Investments - Unrealized appreciation on investments (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Notes to Financial Statements
Gross unrealized appreciation of fixed maturities	$ 3,188	$ 14,476
Gross unrealized (depreciation) of fixed maturities	(44,624)	(9,031)
Net unrealized appreciation (depreciation) on investments	(41,436)	5,445
Deferred federal tax expense	14,088	(1,851)
Net unrealized appreciation (depreciation), net of deferred income taxes	$ (27,348)	$ 3,594

Investments in Certificates of

Investments in Certificates of Deposit (Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Investments In Certificates Of Deposit Narrative
Certificates of deposit brokered	$ 57,527,000	$ 14,489,000
Certificates of deposit assigned	$ 600,000	$ 600,000
Number of certificates of deposits sold	22	0
Amortized cost of certificates of deposits sold	$ 5,478,000	$ 0
Realized loss on certificates of deposits sold	$ 7,251	$ 0

Investments - Short term invesm

Investments - Short term invesmtments (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Notes to Financial Statements
U.S. treasury money market fund	$ 3,357,841	$ 1,450,451
Short-term U.S. treasury bills	9,987,804	69,968,988
Bank money market accounts	947,395	838,207
Bank savings accounts	1,763	1,762
Certificates of deposit	1,346,000	0
Total short-term investments	$ 15,640,803	$ 72,259,408

Fair Vaule of Financial Instrum

Fair Vaule of Financial Instruments - Fair Value of Invested Assets (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
U.S. treasury securities	$ 24,034,291	$ 20,069,556
Certificates of deposit	58,127,000	15,089,000
Total fixed maturities	82,161,291	35,158,556
Cash and short-term investments	15,975,298	72,568,570
Total financial instruments	98,136,589	107,727,126
Level 1
U.S. treasury securities	24,034,291	20,069,556
Certificates of deposit	0	0
Total fixed maturities	24,034,291	20,069,556
Cash and short-term investments	15,975,298	72,568,570
Total financial instruments	40,009,589	92,638,126
Level 2
U.S. treasury securities	0	0
Certificates of deposit	58,127,000	15,089,000
Total fixed maturities	58,127,000	15,089,000
Cash and short-term investments	0	0
Total financial instruments	58,127,000	15,089,000
Level 3
U.S. treasury securities	0	0
Certificates of deposit	0	0
Total fixed maturities	0	0
Cash and short-term investments	0	0
Total financial instruments	$ 0	$ 0

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Property And Equipment Details
Land	$ 1,787,485	$ 1,787,485
Office building and leasehold improvements	8,217,477	7,269,449
Furniture, fixtures, equipment and other leasehold improvements	2,251,623	2,633,536
Computer software under development	168,162	1,457,802
Accumulated depreciation and amortization	(2,204,027)	(2,637,966)
Net property and equipment	$ 10,220,720	$ 10,510,306

Property and Equipment (Narrati

Property and Equipment (Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Property And Equipment Narrative
Depreciation and amortization on all property and equipment	$ 341,264	$ 539,608	$ 307,237
Square footage of single tenant vacating the Calabasas office building		32,403
Square footage of Calabasas office building	46,884
Square footage of Calabasas office building leased to non-affiliated tenants	10,292
Square footage vacant in Calabasas office building	4,189
Office building revenue from leases	$ 364,674	$ 815,601
Office building expenses including depreciation	644,250	781,988
Cost of property abandoned located in Woodland Hills, CA	775,204
Basis of property abandoned located in Woodland Hills, CA	0
Cost basis of property relocated to Calabasas from Woodland Hills, CA	1,846,608
Accumulated depreciation on property relocated to Calabasas from Woodland Hills, CA	1,553,110
Impairment of computed software costs paid	1,287,460
Impairment of computer software costs accrued and unpaid	223,442
Impairment of computer software costs expensed	$ 1,287,460	$ 0	$ 0

Premiums, Commissions and Notes

Premiums, Commissions and Notes Receiveable (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Notes to Financial Statements
Premium and commission receivable	$ 2,001,609	$ 1,966,376
Premium finance notes receivable	4,689,040	4,390,226
Total premium and notes receivable	6,690,649	6,356,602
Allowance for doubtful accounts	(1,185,288)	(1,186,289)
Net Receivables	$ 5,505,361	$ 5,170,313

Allowance for Doubful Account (

Allowance for Doubful Account (Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Notes to Financial Statements
Agent balance receivable	$ 1,181,272	$ 1,181,272
Agent balance bad debt reserve	$ 1,181,272	$ 1,181,272
Agent balance bad debt reserve allowance percentage	100.00%	100.00%
Agent balance collected	$ 0	$ 75,000
Bad debt expense (benefit)	(1,460)	$ 255,299	$ (50,792)
Stipulated judgement from one principal of agent	$ 1,200,000

Unpaid Losses and Loss Adjust60

Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Direct Reserves
Direct Case Reserves	$ 17,991,121	$ 14,983,886
Direct IBNR Reserves	31,102,450	29,412,672
Total Direct Reserves	49,093,571	44,396,558
Reserves Net Of Reinsurance
Net Case Reserves	14,696,913	13,045,290
Net IBNR Reserves	24,759,697	26,188,493
Total Net Reserves	39,456,610	39,233,783
Reserves Net Of Reinsurance By Line
CMP ($)	48,167,640	43,457,425
Other Liability ($)	889,867	911,633
Other Lines ($)	36,064	27,500
Total Direct Reserves By Line	$ 49,093,571	$ 44,396,558
CMP Percent of Total	9810.00%	9790.00%
Other Liability Percent of Total	180.00%	200.00%
Other Lines Percent Of Total	10.00%	10.00%

Losses And Loss Adjustment Expe

Losses And Loss Adjustment Expenses (Activity In The Reserves For Losses And Loss Adjustment Expenses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Incurred losses and loss adjustment expenses
Current accident year	$ 21,607,628	$ 17,925,882	$ 20,648,634
Prior accident years	(2,444,312)	(3,308,764)	(4,559,459)
Incurred losses and loss adjustment expenses	19,163,316	14,617,118	16,089,175
Paid losses and loss adjustment expenses
Current accident year	6,812,275	4,286,861	8,096,070
Prior accident years	12,128,214	10,545,020	11,745,141
Total payment losses and loss adjustment expenses	18,940,489	14,831,881	19,841,211
Net reserves	39,456,610	39,233,783	39,448,546
Reinsurance recoverable on unpaid losses and loss adjustment expenses	9,636,961	5,162,775	4,428,283
Gross reserves	$ 49,093,571	$ 44,396,558	$ 43,876,829

Deferred Policy Acquisition C62

Deferred Policy Acquisition Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred Policy Acquisition Costs Disclosures [Abstract]
Balance, beginning of year	$ 3,882,825	$ 3,636,003	$ 3,785,594
Acquisition costs deferred	6,465,232	6,232,930	5,882,536
Amortization	(6,114,661)	(5,986,108)	(6,032,127)
Balance, end of year	$ 4,233,396	$ 3,882,825	$ 3,636,003

Lease Commitment To Releated Pa

Lease Commitment To Releated Party (Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Lease Commitment To Releated Party Narrative
Rent expense	$ 406,796	$ 501,258	$ 500,770
Approximate annual storage costs included in rent expense	$ 15,000	$ 15,000	$ 15,000
Square footage of office building leased from related party	23,000	23,000	23,000

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilites (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accrued Expenses And Other Liabilites Details
Premium payable	$ 532,928	$ 509,642
Unearned contingent commission on reinsurance treaties	0	77,839
Unearned policy fee income	839,810	828,664
Retirement plan contributions payable	238,900	251,125
Salaries and employee beneifits payable	312,986	477,682
Commission payable	134,172	128,785
Other	384,488	712,580
Accrued expenses and other liabilities	$ 2,443,284	$ 2,986,317

Concentration of Risks (Narrati

Concentration of Risks (Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
[CrusaderInsuranceCompany]
Commercial multi-peril premium_percent of total	98.00%
Premium written in California_percent of total	99.50%	99.80%
[HealthInsuranceProgramCommissionIncome]
Guardian Life Ins Co of America, percent of total	39.00%	38.00%
Blue Shield Care Trust, percent of total	40.00%	39.00%
Comission income from health insurance program	$ 960,670	$ 1,082,412

Contingencies (Details Narrativ

Contingencies (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Contingencies Details Narrative
Cash deposit in lieu of appeal bond on judgement	$ 7,924,178
Cash deposit in lieu of appeal bond on additional judgment	5,449,615
Amount billed on uncompleted contract	274,000
Subsequent payment on previously uncompleted contract	$ 208,099

Reinsurance - Reinssurance Agre

Reinsurance - Reinssurance Agreements (Details)	36 Months Ended
	Dec. 31, 2015USD ($)
Platinum Underwriters Reinsurance, Inc
A.M. Best Rating	A
Combined Retention (All 3 Reinsurers)	$ 500,000
Annual Aggregate Deductible	$ 0
Hannover Ruckversicherungs AG
A.M. Best Rating	A+
Combined Retention (All 3 Reinsurers)	$ 500,000
Annual Aggregate Deductible	$ 0
TOA Reinsurance
A.M. Best Rating	A+
Combined Retention (All 3 Reinsurers)	$ 500,000
Annual Aggregate Deductible	$ 0

Reinsurance - Contingent Commis

Reinsurance - Contingent Commission Income (Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reinsurance - Contingent Commission Income Narrative
Unearned contingent commission on reinsurance treaties	$ 0	$ 77,839
Contingent commission recognized in period	$ 91,686	$ (17,092)	$ 301,102

Reinsurance - Effect Of Reinsur

Reinsurance - Effect Of Reinsurance (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Premiums written
Direct written	$ 36,374,509	$ 32,810,088	$ 31,214,091
Reinsurance assumed	0	0	0
Reinsurance ceded	(5,345,398)	(5,025,798)	(5,120,808)
Net written	31,029,111	27,784,290	26,093,283
Premiums earned
Direct earned	34,902,435	31,463,691	31,983,540
Reinsurance assumed premiums	0	0	0
Reinsurance ceded premiums	(5,328,639)	(5,090,268)	(5,121,233)
Net premium earned	29,573,796	26,373,423	26,862,307
Loss And Loss Adjustment Expenses
Direct incurred loss and loss adjustment expenses	26,495,410	16,795,536	15,491,895
Assumed loss and loss adjustment expenses	0	0	0
Ceded loss and loss adjustment expenses	(7,332,094)	(2,178,418)	597,280
Incurred losses and loss adjustment expenses	$ 19,163,316	$ 14,617,118	$ 16,089,175
Percent of ceded earned premium to direct earned premium	15.00%	16.00%	16.00%

Pension Plan Expenses (Details)

Pension Plan Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Plan Expenses Details
Profit sharing plan and money purchase plan expenses	$ 288,692	$ 331,736	$ 345,756

Statutory Balances And Accounti

Statutory Balances And Accounting Practices (Schedule Of Statutory Net Income And Capital And Surplus) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statutory Balances And Accounting Practices Schedule Of Statutory Net Income And Capital And Surplus Details
Statutory net income	$ 911,724	$ 2,106,295	$ 2,625,468
Statutory capital and surplus	61,367,728	63,492,369
Intercompany dividend	3,000,000	$ 0	$ 0
Maximum 2016 allowable dividend without prior Department of Insurance approval	$ 6,136,773
Adjusted capital to authorized control level risk based capital	1005.00%
IRIS ratio investment yield test, upper range	6.50%
IRIS ratio investment yield test, lower range	3.00%
IRIS computed investment yield	0.20%

Stock Plans - Average Assumptio

Stock Plans - Average Assumptions Used To Value Option Awards (Details) (USD$) - $ / shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Stock Plans - Average Assumptions Used To Value Option Awards Details Usd
Weighted average grant date fair value	$ 3.21	$ 2.53
Expected dividend yield	1.91%	3.12%
Expected volatility	28.01%	28.74%
Risk free interest rate	1.94%	2.02%
Expected term (years)	10 years	10 years
Expected forfeiture	0.00%	0.00%

Stock Plans - Stock Option Acti

Stock Plans - Stock Option Activity (Details) (USD$) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
Number of shares outstanding - roll forward
Outstanding	100,000	100,000
Granted under 2011 Incentive Stock Plan			8,760	91,240
Exercisable	45,620
Weighted average exercise price - roll forward
Outstanding	$ 10.99	$ 10.99
Exercisable	$ 10.96
Weighted average remaining contractural terms
Outstanding	5 years 263 days	6 years 263 days
Exercisable	5 years 245 days
Aggregate Intrinsic Value
Outstanding	$ 0	$ 44,934
Exercisable	0
Exercised	$ 0	$ 0			$ 0

Stock Plans - (Details)

Stock Plans - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2011
Stock Plans - Details
Incentive stock plan shares authorized under 2011 Incentive Stock Plan				200,000
Compensation cost recognized	$ 23,104	$ 23,104	$ 23,104
Unrecognized compensation cost	136,018
Aggregrate intrinsic value of options exercised	0	0	0
Cash received from the exercise of stock options	$ 0	$ 0	$ 0

Income Taxes (Components Of Inc

Income Taxes (Components Of Income Tax Expense) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current, Federal	$ (761,435)	$ 591,434	$ 41,922
Deferred, Federal	180,235	(150,200)	286,546
Federal, Total	(581,200)	441,234	328,468
Current, State	8,960	8,910	8,953
Deferred, State	20,152	0	299,686
State, Total	29,112	8,910	308,639
Total, Current	(752,475)	600,344	50,875
Total, Deferred	200,387	(150,200)	586,232
Total	$ (552,088)	$ 450,144	$ 637,107

Income Taxes (Reconciliation Of

Income Taxes (Reconciliation Of Income Taxes) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Computed tax expense	$ (589,886)	$ 440,812	$ 421,863
State tax expense (benefit)	18,900	6,018	204,221
Other	18,898	3,314	11,023
Total	$ (552,088)	$ 450,144	$ 637,107

Deferred Tax Assets And Liabili

Deferred Tax Assets And Liabilities (Details) (USD $) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Discounting of loss reserves	$ 660,930	$ 807,148
Net unearned premium	1,248,509	1,158,568
Unearned Commission	438,337	402,566
Unearned policy fees	359,775	355,000
State income taxes	1,384,171	1,133,946
Bad debt reserve	507,778	508,206
Other deferred tax assets	307,406	310,774
Total deferred tax assets	4,906,906	4,676,208
Valuation allowance	1,159,090	853,334
Deferred tax assets net of valuation allowance	3,747,816	3,822,874
Deferred tax liabilities
Policy acquisition costs	1,774,284	1,627,280
Unrealized gains (losses) on investments	(14,088)	1,851
State tax on undistributed insurance company earnings	357,975	374,258
Federal tax liability on state deferred tax assets	174,514	189,771
Depreciation	121,044	111,180
Total deferred tax liabilities	2,413,729	2,304,340
Net deferred tax assets	$ 1,334,087	$ 1,518,534

Deterred Tax Assets (Narrative)

Deterred Tax Assets (Narrative)	Dec. 31, 2015USD ($)
Deterred Tax Assets Narrative
Deferred tax assets from state net loss carryforwards	$ 1,384,171
State tax loss carryforwards expiring between 2016 and 2017	177,847
State tax loss carryforwards expiring between 2028 and 2033	$ 1,206,324
State tax rate	8.84%
Deferred tax asset valuation allowance on state tax loss carryforward	$ 1,159,090

Repurchase of Common Stock - Ef

Repurchase of Common Stock - Effects on Stockholders' Equity (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Notes to Financial Statements
Cost of common stock repurchased	$ 242,314	$ 0	$ 0
Share repurchase allocated to paid in capital	12,385	0
Share repurchase allocated to retained earnings	$ 229,929	$ 0
Stock repurchase authority remaining	197,467	222,669
Repurchase of common stock previoudly authorized	500,000	500,000

Earnings Per Share (Details)

Earnings Per Share (Details)	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)$ / shares	Sep. 30, 2015USD ($)$ / shares	Jun. 30, 2015USD ($)$ / shares	Mar. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)$ / shares	Sep. 30, 2014USD ($)$ / shares	Jun. 30, 2014USD ($)$ / shares	Mar. 31, 2014USD ($)$ / shares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
Notes to Financial Statements
Earnings (loss) per share - diluted | $ / shares	$ (0.05)	$ (0.12)	$ 0.02	$ (0.07)	$ (0.01)	$ 0.01	$ 0.05	$ 0.11	$ (.22)	$ 0.16	$ .11
Earnings (loss) per share - basic | $ / shares	$ (.05)	$ (.12)	$ .02	$ (.07)	$ (0.01)	$ 0.01	$ 0.05	$ 0.11	$ (.22)	$ 0.16	$ .11
Net income (loss) | $	$ (248,956)	$ (649,510)	$ 112,381	$ (396,785)	$ (48,202)	$ 32,774	$ 270,006	$ 591,783	$ (1,182,870)	$ 846,361	$ 603,668
Effect of diluted securities									0	5,405	3,065
Weighted average shares outstanding - diluted									5,335,540	5,346,552	5,344,212
Weighted average shares outstanding - basic									5,335,540	5,341,147	5,341,147
Common share equivalents excluded from diluted shares									2,761

Quarterly Financial Information

Quarterly Financial Information (Summary Of Quarterly Financial Information) (Details) (USD $) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Summary Of Quarterly Financial Information Details Usd
Total Revenues	$ 8,667,246	$ 8,451,503	$ 8,313,691	$ 7,832,199	$ 7,643,578	$ 7,764,783	$ 7,621,768	$ 7,440,111	$ 33,264,639	$ 30,470,240	$ 31,130,892
Income (Loss) Before Taxes	(358,954)	(967,640)	182,673	(591,037)	(70,276)	58,123	402,321	906,337	(1,734,958)	1,296,505	1,240,775
Net Income (Loss)	$ (248,956)	$ (649,510)	$ 112,381	$ (396,785)	$ (48,202)	$ 32,774	$ 270,006	$ 591,783	$ (1,182,870)	$ 846,361	$ 603,668
Basic
Basic Earnings (Loss) Per Share	$ (.05)	$ (.12)	$ .02	$ (.07)	$ (0.01)	$ 0.01	$ 0.05	$ 0.11	$ (.22)	$ 0.16	$ .11
Diluted
Diluted Earnings (Loss) Per Share	$ (0.05)	$ (0.12)	$ 0.02	$ (0.07)	$ (0.01)	$ 0.01	$ 0.05	$ 0.11	$ (.22)	$ 0.16	$ .11

Uncategorized Items - unam-2015

Label	Element	Value
Liability for Unpaid Claims and Claims Adjustment Expense, Net	us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet	$ 43,200,582