Unico American (UNAM) 10-Q 15 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 15, 2018
Document And Entity Information
Entity Registrant Name	Unico American Corporation
Entity Central Index Key	100,716
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
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 Common Stock, Shares Outstanding		5,307,133
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale:
Fixed maturities, at fair value (amortized cost: $66,514,426 at June 30, 2018, and $58,153,120 at December 31, 2017)	$ 64,768,482	$ 57,849,454
Held-to-maturity:
Fixed maturities, at amortized cost (fair value: $20,602,000 at June 30, 2018, and $28,098,000 at December 31, 2017)	20,602,000	28,098,000
Short-term investments, at fair value	200,000	1,847,778
Total Investments	85,570,482	87,795,232
Cash, cash equivalents, and restricted cash	7,835,200	9,366,944
Accrued investment income	320,141	490,579
Receiveable, net	4,549,625	6,005,764
Reinsurance Recoverable:
Paid losses and loss adjustment expenses	93,753	126,682
Unpaid losses and loss adjustment expenses	8,804,650	8,393,550
Deferred policy acquisition costs	3,717,504	4,162,771
Property and equipment (net)	9,817,942	10,014,869
Deferred income taxes	4,178,429	3,380,806
Other assets	611,765	561,561
Total Assets	125,499,491	130,298,758
LIABILITIES
Unpaid losses and loss adjustment expenses	50,066,053	49,076,991
Unearned premium	16,823,958	18,768,264
Advance premium and premium deposits	239,788	207,808
Accrued expenses and other liabilities	1,602,709	2,300,358
Total Liabilities	68,732,508	70,353,421
STOCKHOLDERS' EQUITY
Common stock, no par, authorized 10,000,000 shares; issued and outstanding shares 5,307,133 at June 30, 2018, and December 31, 2017	3,772,872	3,772,872
Accumulated other comprehensive loss	(1,379,295)	(239,896)
Retained earnings	54,373,406	56,412,361
Total Stockholders Equity	56,766,983	59,945,337
Total Liabilities and Stockholders' Equity	$ 125,499,491	$ 130,298,758

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Consolidated Balance Sheets Parenthetical Abstract
Fixed maturities, available for sale, amortized cost	$ 66,514,426	$ 58,153,120
Fixed maturities, held to maturity, fair value	$ 20,602,000	$ 28,098,000
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	5,307,133	5,307,133
Common stock, shares outstanding	5,307,133	5,307,133

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
REVENUES
Net premium earned	$ 7,362,945	$ 8,220,150	$ 15,044,572	$ 16,140,849
Investment income	452,508	263,988	897,209	476,174
Net realized investments gains	137	155	137	155
Other income	112,199	67,261	167,889	135,473
Total Insurance Company Operation	7,927,789	8,551,554	16,109,807	16,752,651
Gross commissions and fees	671,449	671,453	1,278,106	1,412,628
Investment income	98	70	195	119
Finance charges and fees earned	34,380	18,180	52,476	36,341
Other income	9,736	49	9,757	64
Total Revenues	8,643,452	9,241,306	17,450,341	18,201,803
EXPENSES
Losses and loss adjustment expenses	4,929,203	5,908,674	12,730,960	14,433,855
Policy acquisition costs	1,515,476	1,591,503	3,136,981	3,089,137
Salaries and employee benefits	1,126,503	1,964,725	2,414,580	3,313,368
Commissions to agents/brokers	40,541	44,994	81,880	86,883
Other operating expenses	744,697	1,082,236	1,610,840	1,896,735
Total Expenses	8,356,420	10,592,132	19,975,241	22,819,978
Income (Loss) Before Income Taxes	287,032	(1,350,826)	(2,524,900)	(4,618,175)
Income Tax Expense (Benefit)	118,735	(460,091)	(485,945)	(1,580,188)
Net Income (Loss)	$ 168,297	$ (890,735)	$ (2,038,955)	$ (3,037,987)
Basic
Earnings (loss) per share	$ 0.03	$ (0.17)	$ (0.38)	$ (0.57)
Weighted average shares	5,307,133	5,307,133	5,307,133	5,307,133
Diluted
Earnings (loss) per share	$ 0.03	$ (0.17)	$ (0.38)	$ (0.57)
Weighted average shares	5,307,133	5,307,133	5,307,133	5,307,133

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Consolidated Statements Of Comprehensive Income
Net Income (Loss)	$ 168,297	$ (890,735)	$ (2,038,955)	$ (3,037,987)
Other Changes in Comprehensive Loss:
Unrealized losses on securities classified as available-for-sale arising during the period	(309,070)	(7,473)	(1,442,141)	(15,801)
Income tax benefit related to unrealized losses on securities classified as available-for-sale arising during the period	64,904	2,541	302,850	5,372
Net realized investments gains	(137)	(155)	(137)	(155)
Income tax expense related to net realized investment gains	29	53	29	53
Comprehensive Loss	$ (75,977)	$ (895,769)	$ (3,178,354)	$ (3,048,518)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows from Operating Activities:
Net Loss	$ (2,038,955)	$ (3,037,987)
Adjustments to reconcile net loss to net cash from operations
Depreciation and amortization	281,717	264,710
Bond amortization, net	128,839	(426,603)
Non-cash stock based compensation	0	11,552
Bad debt expense	279	15,420
Realized investment gains	(137)	(155)
Changes in assets and liabilities:
Net receivables and accrued investment income	1,626,298	(318,323)
Reinsurance recoverable	(378,171)	(2,790,506)
Deferred policy acquisition costs	445,267	9,643
Other assets	(47,437)	415,723
Unpaid losses and loss adjustment expenses	989,062	4,883,233
Unearned premium	(1,944,306)	501,849
Advance premium and premium deposits	31,980	161,441
Accrued expenses and other liabilities	(697,649)	47,035
Income taxes current/deferred	(497,511)	(1,584,493)
Net Cash Used by Operating Activities	(2,100,724)	(1,847,461)
Cash Flows from Investing Activities:
Purchase of fixed maturity investments	(10,735,449)	(29,347,552)
Proceeds from maturity of fixed maturity investments	8,741,441	25,218,000
Proceeds from sale or call of fixed maturity investments	1,000,000	1,050,155
Net (increase) decrease in short-term investments	1,647,778	(2,100,663)
Additions to property and equipment	(84,790)	(95,441)
Net Cash (Used) Provided by Investing Activities	568,980	(5,275,501)
Cash Flows from Financing Activities:
Net Cash Used by Financing Activities	0	0
Net (decrease) increase in cash, cash equivalents, and restricted cash	(1,531,744)	(7,122,962)
Cash, cash equivalents and restricted cash beginning of period	9,366,944	22,602,982
Cash, cash equivalents and restricted cash end of period	7,835,200	15,480,020
Cash paid during the period for:
Interest	0	0
Income taxes	$ 8,800	$ 8,800

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
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 condensed 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 accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X for smaller reporting companies. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2018, are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. Quarterly condensed financial statements should be read in conjunction with the consolidated financial statements and related notes in the Company’s 2017 Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Certain reclassifications have been made to prior period amounts to conform to current quarter presentation. 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 condensed 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. Fair Value of Financial Instruments The Company employs a fair value hierarchy that prioritizes the inputs for 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 Condensed Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs for the valuation techniques (see Note 8). 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 widely accepted third party vendors. 2. Long-term certificates of deposit – The carrying amounts reported in the Condensed Consolidated Balance Sheets for these instruments approximate their fair values. Cash, cash equivalents, restricted cash, and short-term investments – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Receivables, net – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Accrued expenses and other liabilities – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate the fair values given the short-term nature of these instruments.

Repurchase of Common Stock - Ef

Repurchase of Common Stock - Effects on Stockholders' Equity	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Repurchase of Common Stock - Effects on Stockholders' Equity	NOTE 2 – REPURCHASE OF COMMON STOCK – EFFECTS 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 June 30, 2018, and December 31, 2017, the Company had remaining authority under the 2008 program to repurchase up to an aggregate of 188,655 shares of its common stock. The 2008 program is the only program under which there is authority to repurchase shares of the Company’s common stock. The Company did not repurchase any stock during the three and six months ended June 30, 2018 and 2017. The Company has retired or will retire all stock repurchased.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Earnings Per Share	NOTE 3 – EARNINGS (LOSS) PER SHARE The following table represents the reconciliation of the Company's basic earnings (loss) per share and diluted earnings (loss) per share computations reported on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2018 and 2017: Three Months Ended June 30 Six Months Ended June 30 2018 2017 2018 2017 Basic Earnings (Loss) Per Share Net income (loss) $ 168,297 $ (890,735 ) $ (2,038,955 ) $ (3,037,987 ) Weighted average shares outstanding 5,307,133 5,307,133 5,307,133 5,307,133 Basic earnings (loss) per share $ 0.03 $ (0.17 ) $ (0.38 ) $ (0.57 ) Diluted Earnings (Loss) Per Share Net income (loss) $ 168,297 $ (890,735 ) $ (2,038,955 ) $ (3,037,987 ) Weighted average shares outstanding 5,307,133 5,307,133 5,307,133 5,307,133 Diluted shares outstanding 5,307,133 5,307,133 5,307,133 5,307,133 Diluted earnings (loss) per share $ 0.03 $ (0.17 ) $ (0.38 ) $ (0.57 ) 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, stock options are excluded from the calculation of diluted loss per share, as the inclusion of stock options would have an anti-dilutive effect.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	NOTE 4 – RECENTLY ISSUED ACCOUNTING STANDARDS Recently adopted standards In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220), Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU 2018-02 was issued as a result of the enactment of the Tax Cuts and Jobs Act of 2017 (“TCJA”) on December 22, 2017. Accounting guidance required deferred tax items to be revalued based on the new tax laws (the most significant of which reduced the corporate tax rate to 21% percent from 34% percent) and to include the change in income from continuing operations. ASU 2018-02 is effective for annual and interim reporting periods beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2018-02 for the year ended December 31, 2017 (see Note 5 for impact of ASU 2018-02 adoption to the Company’s consolidated financial statements). In May 2017, FASB issued ASU 2017-09, "Compensation - Stock Compensation (Topic 718), Scope of Modification Accounting." ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. ASU 2017-09 became effective for the Company beginning January 1, 2018. ASU 2017-09 does not have a material impact on the Company’s consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, the transaction price for a contract is allocated among separately identifiable performance obligations and a portion of the transaction price is recognized as revenue when the associated performance obligation has been completed or transferred to the customer. The Company adopted ASU 2014-09 effective January 1, 2018. The adoption of ASU 2014-09 did not have a material impact to the Consolidated Statement of Operations and the Consolidated Balance Sheet. Standards not yet adopted In June 2016, the FASB issued ASU 2016-13 “Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 replaces the current incurred loss methodology for recognizing credit losses with a current expected credit loss model, which requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 also requires enhanced disclosures for better understanding of significant estimates and judgments used in estimating credit losses. The Company is currently evaluating the effect ASU 2016-13 will have on the Company's consolidated financial statements, but expects the primary changes to be (i) the use of the expected credit loss model for its premium receivables and reinsurance recoverables and (ii) the presentation of credit losses within the available-for-sale fixed maturities portfolio through an allowance method rather than as a direct write-down. ASU 2016-13 will become effective for fiscal years beginning after December 31, 2019, but provides for an early adoption for fiscal years beginning after December 31, 2018. The Company has not determined when it will adopt ASU 2016-13. In February 2016, the FASB issued ASU 2016-02 “Leases.” ASU 2016-02 requires lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by all leases, including those historically accounted for as operating leases. The Company is currently evaluating the effect ASU 2016-02 will have on the Company's consolidated financial statements. The guidance is effective for interim and annual periods beginning after December 31, 2018, and will be applied under a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the consolidated financial statements.

Accounting For Income Taxes

Accounting For Income Taxes	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Accounting For Income Taxes	NOTE 5 – ACCOUNTING FOR INCOME TAXES TCJA, signed into law on December 22, 2017, reduced the corporate Federal income tax rate from 34% to 21%, effective for years beginning after December 31, 2017. The current income tax expense for the period ending June 30, 2018 is affected by this change in the law. As a result of the TCJA, the Company has recognized a decrease to its net deferred asset as of December 31, 2017 in the amount of $2,176,862. The Company has determined that no other changes are required to the deferred tax asset (liability) as of June 30, 2018. The Company and its wholly owned subsidiaries file consolidated federal and state income tax returns. Pursuant to a tax allocation agreement, the Company’s 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 2014 and California state income tax authorities for tax returns filed starting at taxable year 2013. There are no ongoing examinations of income tax returns by federal or state tax authorities. As of June 30, 2018, and December 31, 2017, the Company had no unrecognized tax benefits or liabilities and, therefore, 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 based insurance company, Crusader is obligated to pay a premium tax on gross premiums written in all states that Crusader is admitted. Premium taxes are deferred and amortized as the related premiums are earned. The premium tax is in lieu of state franchise taxes and is not included in the provision for state taxes.

Property and Equipment (Net of

Property and Equipment (Net of Accumulated Depreciation)	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Property and Equipment (Net of Accumulated Depreciation)	NOTE 6 – PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following: June 30 December 31 2018 2017 Building and leasehold improvements located in Calabasas, California $ 8,397,025 $ 8,352,181 Furniture, fixtures, and equipment 2,757,308 2,724,775 Computer software 362,647 355,234 Accumulated depreciation and amortization (3,486,523 ) (3,204,806 ) Land located in Calabasas, California 1,787,485 1,787,485 Property and equipment, net $ 9,817,942 $ 10,014,869 Depreciation on the Calabasas building, owned by Crusader, is computed using the straight line method over 39 years. Depreciation on furniture, fixtures, and equipment in the Calabasas building is 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 and amortization expense on all property and equipment for the three and six months ended June 30, 2018, was $141,516 and $281,717, respectively, and for the three and six months ended June 30, 2017, was $132,441 and $264,710, respectively. For the three and six months ended June 30, 2018, the Calabasas building has generated rental revenue from non-affiliated tenants in the amount of $89,211 and $175,117, respectively, and for the three and six months ended June 30, 2017, rental revenue from non-affiliated tenants in the amount of $57,900 and $115,645, respectively, which is included in “Other income” from insurance company operation in the Company’s Condensed Consolidated Statements of Operations. For the three and six months ended June 30, 2018, the Calabasas building incurred operating expenses (including depreciation) in the amount of $186,205 and $374,109, respectively, and $180,621 and $347,595 for the three and six months ended June 30, 2017, respectively, which are included in “Other operating expenses” in the Company’s Condensed Consolidated Statements of Operations. The total square footage of the Calabasas building is 46,884, including common areas. As of June 30, 2018, 14,481 square feet of the Calabasas building was leased to non-affiliated entities. As of June 30, 2018 the Calabasas building was fully occupied. 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 are not depreciated until the software is placed into production.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Segment Reporting	NOTE 7 – SEGMENT REPORTING Accounting Standards Codification (“ASC”) Topic 280, “Segment Reporting,” establishes standards for the way information about operating segments is reported in financial statements. The Company has identified its insurance company operation as its primary reporting segment. Revenues from this segment comprised 92% and 93% of consolidated revenues for the three and six months ended June 30, 2018, respectively, compared to 93% and 92% of consolidated revenues for the three and six ended June 30, 2017, respectively. The Company’s remaining operations constitute a variety of specialty insurance services, each with unique characteristics and individually insignificant to consolidated revenues. Revenues, income (loss) before taxes, and assets by segment are as follows: Three Months Ended June 30 Six Months Ended June 30 2018 2017 2018 2017 Revenues Insurance company operation $ 7,927,789 $ 8,551,554 $ 16,109,807 $ 16,752,651 Other insurance operations 2,906,772 3,575,396 5,949,544 6,964,851 Intersegment eliminations (1) (2,191,109 ) (2,885,644 ) (4,609,010 ) (5,515,699 ) Total other insurance operations 715,663 689,752 1,340,534 1,449,152 Total revenues $ 8,643,452 $ 9,241,306 $ 17,450,341 $ 18,201,803 Income (Loss) Before Taxes Insurance company operation $ 892,285 $ (346,898 ) $ (1,060,329 ) $ (3,410,818 ) Other insurance operations (605,253 ) (1,003,928 ) (1,464,571 ) (1,207,357 ) Total income (loss) before taxes $ 287,032 $ (1,350,826 ) $ (2,524,900 ) $ (4,618,175 ) As of June 30 December 31 2018 2017 Assets Insurance company operation $ 114,015,943 $ 117,274,626 Intersegment eliminations (2) (2,583,114 ) (2,486,500 ) Total insurance company operation 111,432,829 114,788,126 Other insurance operations 14,066,662 15,510,632 Total assets $ 125,499,491 $ 130,298,758 (1) Intersegment revenue eliminations reflect rents paid by Unico to Crusader for space leased in the Calabasas building and 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.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Fair Value of Financial Instruments	NOTE 8 – 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 for the 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 Condensed Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs for 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 consolidated financial instruments and their estimated fair values, which are measured on a recurring basis, and are allocated among the three levels within the fair value hierarchy as of June 30, 2018, and December 31, 2017: Level 1 Level 2 Level 3 Total June 30, 2018 Financial instruments: Available-for-sale fixed maturities: U.S. treasury securities $ 10,512,602 $ — $ — $ 10,512,602 Corporate securities — 32,326,331 — 32,326,331 Agency mortgage backed securities — 21,929,549 — 21,929,549 Held-to-maturity fixed securities: Certificates of deposit — 20,602,000 — 20,602,000 Total fixed maturities 10,512,602 74,857,880 — 85,370,482 Cash, cash equivalents, and restricted cash 7,835,200 — — 7,835,200 Short-term investments 200,000 — — 200,000 Total financial instruments at fair value $ 18,547,802 $ 74,857,880 $ — $ 93,405,682 December 31, 2017 Financial instruments: Available-for-sale fixed maturities: U.S. treasury securities $ 7,454,225 $ — $ — $ 7,454,225 Corporate securities — 28,657,640 — 28,657,640 Agency mortgage backed securities — 21,737,589 — 21,737,589 Held-to-maturity fixed securities: Certificates of deposit — 28,098,000 — 28,098,000 Total fixed maturities 7,454,225 78,493,229 — 85,947,454 Cash, cash equivalents, and restricted cash 9,366,944 — — 9,366,944 Short-term investments 1,847,778 — — 1,847,778 Total financial instruments at fair value $ 18,668,947 $ 78,493,229 $ — $ 97,162,176 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 three and six months ended June 30, 2018 and 2017.

Investments

Investments	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Investments	NOTE 9 – INVESTMENTS A summary of investment income, net of investment expenses and realized gains, is as follows: Three Months Ended June 30 Six Months Ended June 30 2018 2017 2018 2017 Fixed maturities $ 469,500 $ 245,331 $ 931,667 $ 423,764 Short-term investments and cash equivalents 11,642 43,977 19,588 77,779 Gross investment income 481,142 289,308 951,255 501,543 Less: investment expenses (28,536 ) (25,250 ) (53,851 ) (25,250 ) Net investment income 452,606 264,058 897,404 476,293 Net realized gains 137 155 137 155 Net investment income, realized gains $ 452,743 $ 264,213 $ 897,541 $ 476,448 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 June 30, 2018 Available-for-sale fixed maturities: U.S. treasury securities $ 10,718,524 $ 67 $ (205,989 ) $ 10,512,602 Corporate securities 33,242,576 6,285 (922,530 ) 32,326,331 Agency mortgage-backed securities 22,553,326 — (623,777 ) 21,929,549 Held-to-maturity fixed securities: Certificates of deposits 20,602,000 — — 20,602,000 Total fixed maturities $ 87,116,426 $ 6,352 $ (1,752,296 ) $ 85,370,482 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2017 Available-for-sale fixed maturities: U.S. treasury securities $ 7,517,901 $ 21 $ (63,697 ) $ 7,454,225 Corporate securities 28,745,223 43,204 (130,787 ) 28,657,640 Agency mortgage-backed securities 21,889,996 — (152,407 ) 21,737,589 Held-to-maturity fixed securities: Certificates of deposits 28,098,000 — — 28,098,000 Total fixed maturities $ 86,251,120 $ 43,225 $ (346,891 ) $ 85,947,454 A summary of the unrealized gains (losses) on investments in fixed maturities carried at fair value and the applicable deferred federal income taxes are shown below: June 30 December 31 2018 2017 Gross unrealized gains on fixed maturities $ 6,352 $ 43,225 Gross unrealized losses on fixed maturities (1,752,296 ) (346,891 ) Net unrealized losses on fixed maturities (1,745,944 ) (303,666 ) Deferred federal tax benefit 366,649 63,770 Net unrealized losses, net of deferred income taxes $ (1,379,295 ) $ (239,896 ) A summary of estimated fair value, gross unrealized losses, and number of securities in a gross unrealized loss position by the length of time in which the securities have continually been in that position is shown below: Less than 12 Months 12 Months or Longer Estimated Fair Value Gross Unrealized Losses Number of Securities Estimated Fair Value Gross Unrealized Losses Number of Securities June 30, 2018 U.S. treasury securities $ 10,165,938 $ (205,989 ) 8 $ — $ — — Corporate securities 30,145,410 (922,530 ) 41 — — — Agency mortgage-backed securities 21,929,549 (623,777 ) 18 — — — Total $ 62,240,897 $ (1,752,296 ) 67 $ — $ — — Less than 12 Months 12 Months or Longer Estimated Fair Value Gross Unrealized Losses Number of Securities Estimated Fair Value Gross Unrealized Losses Number of Securities December 31, 2017 U.S. treasury securities $ 7,454,204 $ (63,697 ) 6 $ — $ — — Corporate securities 20,335,512 (130,787 ) 26 — — — Agency mortgage-backed securities 21,737,589 (152,407 ) 17 — — — Total $ 49,527,305 $ (346,891 ) 49 $ — $ — — The Company closely monitors its investments. If an unrealized loss is determined to be other-than-temporary, it is written off as a realized loss through the Condensed 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 as of June 30, 2018, and December 31, 2017, were determined to be temporary. Although the Company does not intend to sell its fixed maturity investments prior to maturity, the Company may sell investment securities from time to time in response to cash flow requirements, economic and/or market conditions. The Company had realized gains of $137 for the three and six months ended June 30, 2018, compared to realized gains of $155 for the three and six months ended June 30, 2017. The unrealized gains or losses from fixed maturities are reported as “Accumulated other comprehensive income or loss,” which is a separate component of stockholders’ equity, net of any deferred tax effect. The Company’s investment in certificates of deposit included $20,202,000 and $27,698,000 of brokered certificates of deposit as of June 30, 2018, and December 31, 2017, respectively. Brokered certificates of deposit provide the safety and security of a certificate of deposit 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 certificate of deposit investments are insured by the Federal Deposit Insurance Corporation (“FDIC”). Brokered certificates of deposit are purchased through UnionBanc Investment Services, LLC, a registered broker-dealer, investment advisor, member of FINRA/SIPC, and a subsidiary of MUFG Union Bank, N.A. Brokered certificates of deposit 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 certificates of deposit are within the FDIC insured permissible limits. The following certificates of deposit from four different banks 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 to transact insurance business in the state of Nevada. June 30 December 31 2018 2017 Long-term certificates of deposit $ 400,000 $ 400,000 Short-term certificates of deposit 200,000 200,000 Total state held deposits $ 600,000 $ 600,000 All the Company’s brokered and non-brokered certificates of deposit 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 between three and twelve months and consist of the following: June 30 December 31 2018 2017 Certificates of deposit $ 200,000 $ 200,000 U.S. treasury bills — 1,148,395 Commercial paper — 499,383 Total short-term investments $ 200,000 $ 1,847,778

Cash and Restricted Cash

Cash and Restricted Cash	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Cash and Restricted Cash	NOTE 10- CASH, CASH EQUIVALENTS, AND RESTRICTED CASH The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets to the amounts shown in the Condensed Consolidated Statements of Cash Flows: June 30 December 31 2018 2017 Cash $ 496,110 $ 774,226 Cash equivalents 7,339,090 8,592,718 Restricted cash — — Cash, cash equivalents, and restricted cash $ 7,835,200 $ 9,366,944 Cash equivalents were comprised of highly liquid investments with initial maturity of 90 days or less. As of June 30, 2018, and December 31, 2017, cash equivalents included custodial trust, bank money market accounts, and a bank savings account. The restricted cash was represented by two cash deposits placed by Crusader with the Los Angeles Superior Court in lieu of appeal bonds. In December 2015, a judgment was finalized on a Crusader policy liability claim. Crusader appealed the judgment. As a part of the appeal, Crusader deposited $7,924,178 in cash with the Los Angeles Superior Court on December 28, 2015, in lieu of an appeal bond. This cash deposit was required to appeal the judgment. In March 2016, an additional judgment for plaintiff’s attorney fees and costs on this Crusader policy liability claim was finalized. Crusader appealed this additional judgment. That additional appeal required an additional $5,449,615 cash deposit, which was made on March 21, 2016, in lieu of an appeal bond. In September 2017, the two judgments were settled between the parties thereto for a total of $7,000,000 which was paid from the two deposits, and the remaining funds on deposit with the Los Angeles Superior Court for the two appeals in the amount of $6,373,793 were returned to Crusader and were invested in fixed maturities, short-term investments, and cash equivalents.

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Unpaid Losses and Loss Adjustment Expenses	NOTE 11 – UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES The following table provides an analysis of Crusader’s loss and loss adjustment expense reserves, including a reconciliation of the beginning and ending balance sheet liability for the periods indicated: Six Months Ended June 30 2018 2017 Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance $ 49,076,991 $ 47,055,787 Less reinsurance recoverable on unpaid losses and loss adjustment expenses 8,393,550 9,520,970 Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance 40,683,441 37,534,817 Incurred losses and loss adjustment expenses: Provision for insured events of current year 10,661,378 12,064,708 Development of insured events of prior years 2,069,582 2,369,147 Total incurred losses and loss adjustment expenses 12,730,960 14,433,855 Loss and loss adjustment expense payments: Attributable to insured events of the current year 2,819,187 2,700,347 Attributable to insured events of prior years 9,333,811 9,820,928 Total payments 12,152,998 12,521,275 Reserve for unpaid losses and loss adjustment expenses at June 30 – net of reinsurance 41,261,403 39,447,397 Reinsurance recoverable on unpaid losses and loss adjustment expenses 8,804,650 12,491,623 Reserve for unpaid losses and loss adjustment expenses at June 30 – gross of reinsurance $ 50,066,053 $ 51,939,020 Some lines of insurance are commonly referred to as "long-tail" lines because of the extended time required before claims are ultimately settled. Lines of insurance in which claims are settled relatively quickly are called "short-tail" lines. It is generally more difficult to estimate loss reserves for long-tail lines because of the long period of time that elapses between the occurrence of a claim and its final disposition and the difficulty of estimating the settlement value of the claim. Crusader’s short-tail lines consist of its property coverages, and its long-tail lines consist of its liability coverages. However, Crusader’s long-tail liability claims tend to be settled relatively quicker than other long-tail lines not underwritten by Crusader, such as workers’ compensation, professional liability, umbrella liability, and medical malpractice. Since trends develop over longer periods of time on long-tail lines of business, the Company generally gives credibility to those trends more slowly than for short-tail or less volatile lines of business.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Contingencies	NOTE 12 – 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. From time to time, the Company is required to resort to legal proceedings against vendors providing services to the Company or against to enforce collection of premiums, 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, an estimate of the possible loss, a 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 directed against an insured who was issued a policy of insurance directly or indirectly through the Company. Incidental actions related to disputes concerning the issuance or non-issuance of individual policies are sometimes brought by customers or others. These items are also handled on a routine basis by counsel, and they do not generally affect the operations of the Company. Management is confident that the ultimate outcome of pending litigation should not have an adverse effect on the Company's consolidated results of operations or financial position. The Company vigorously defends itself unless a reasonable settlement appears appropriate. 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 fourth individual was resolved. The Company collected $0 during the three and six months ended June 30, 2018 and 2017. As of June 30, 2018, and December 31, 2017, the agent’s balance due to Unifax was $1,181,272. As of June 30, 2018, and December 31, 2017, the Company’s bad debt reserve associated with this matter was $1,181,272, which represents 100% of the balance due to Unifax. Although the receivable is fully reserved for financial reporting purposes at June 30, 2018, the Company continues to pursue collection of the judgments from the three principals.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
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 condensed 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 accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X for smaller reporting companies. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2018, are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. Quarterly condensed financial statements should be read in conjunction with the consolidated financial statements and related notes in the Company’s 2017 Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Certain reclassifications have been made to prior period amounts to conform to current quarter presentation. 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 condensed 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. Fair Value of Financial Instruments The Company employs a fair value hierarchy that prioritizes the inputs for 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 Condensed Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs for the valuation techniques (see Note 8). 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 widely accepted third party vendors. 2. Long-term certificates of deposit – The carrying amounts reported in the Condensed Consolidated Balance Sheets for these instruments approximate their fair values. Cash, cash equivalents, restricted cash, and short-term investments – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Receivables, net – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Accrued expenses and other liabilities – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate the fair values given the short-term nature of these instruments.
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 condensed 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 accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X for smaller reporting companies. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2018, are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. Quarterly condensed financial statements should be read in conjunction with the consolidated financial statements and related notes in the Company’s 2017 Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Certain reclassifications have been made to prior period amounts to conform to current quarter presentation.
Use of Estimates 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 condensed 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.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company employs a fair value hierarchy that prioritizes the inputs for 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 Condensed Consolidated Balance Sheets at fair value are categorized based on the reliability of inputs for the valuation techniques (see Note 8). 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 widely accepted third party vendors. 2. Long-term certificates of deposit – The carrying amounts reported in the Condensed Consolidated Balance Sheets for these instruments approximate their fair values. Cash, cash equivalents, restricted cash, and short-term investments – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Receivables, net – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate their fair values given the short-term nature of these instruments. Accrued expenses and other liabilities – The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate the fair values given the short-term nature of these instruments.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share Tables Abstract
Basic and diluted earnings per share calculation data	The following table represents the reconciliation of the Company's basic earnings (loss) per share and diluted earnings (loss) per share computations reported on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2018 and 2017: Three Months Ended June 30 Six Months Ended June 30 2018 2017 2018 2017 Basic Earnings (Loss) Per Share Net income (loss) $ 168,297 $ (890,735 ) $ (2,038,955 ) $ (3,037,987 ) Weighted average shares outstanding 5,307,133 5,307,133 5,307,133 5,307,133 Basic earnings (loss) per share $ 0.03 $ (0.17 ) $ (0.38 ) $ (0.57 ) Diluted Earnings (Loss) Per Share Net earnings (loss) $ 168,297 $ (890,735 ) $ (2,038,955 ) $ (3,037,987 ) Weighted average shares outstanding 5,307,133 5,307,133 5,307,133 5,307,133 Diluted shares outstanding 5,307,133 5,307,133 5,307,133 5,307,133 Diluted earnings (loss) per share $ 0.03 $ (0.17 ) $ (0.38 ) $ (0.57 )

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2018
Property And Equipment
Property and Equipment	Property and equipment consist of the following: June 30 December 31 2018 2017 Building and leasehold improvements located in Calabasas, California $ 8,397,025 $ 8,352,181 Furniture, fixtures, and equipment 2,757,308 2,724,775 Computer software 362,647 355,234 Accumulated depreciation and amortization (3,486,523 ) (3,204,806 ) Land located in Calabasas, California 1,787,485 1,787,485 Property and equipment, net $ 9,817,942 $ 10,014,869

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Revenues and loss before income taxes by segment	Revenues and income (loss) before taxes by segment are as follows: Three Months Ended June 30 Six Months Ended June 30 2018 2017 2018 2017 Revenues Insurance company operation $ 7,927,789 $ 8,551,554 $ 16,109,807 $ 16,752,651 Other insurance operations 2,906,772 3,575,396 5,949,544 6,964,851 Intersegment eliminations (1) (2,191,109 ) (2,885,644 ) (4,609,010 ) (5,515,699 ) Total other insurance operations 715,663 689,752 1,340,534 1,449,152 Total revenues $ 8,643,452 $ 9,241,306 $ 17,450,341 $ 18,201,803 Income (Loss) Before Taxes Insurance company operation $ 892,285 $ (346,898 ) $ (1,060,329 ) $ (3,410,818 ) Other insurance operations (605,253 ) (1,003,928 ) (1,464,571 ) (1,207,357 ) Total income (loss) before taxes $ 287,032 $ (1,350,826 ) $ (2,524,900 ) $ (4,618,175 ) (1) Intersegment revenue eliminations reflect rents paid by Unico to Crusader for space leased in the Calabasas building and commissions paid by Crusader to Unifax Insurance Systems, Inc. (“Unifax”), a wholly owned subsidiary of Unico.
Assets by segemnt	Assets by segment are as follows: As of June 30 December 31 2018 2017 Assets Insurance company operation $ 114,015,943 $ 117,274,626 Intersegment eliminations (2) (2,583,114 ) (2,486,500 ) Total insurance company operation 111,432,829 114,788,126 Other insurance operations 14,066,662 15,510,632 Total assets $ 125,499,491 $ 130,298,758 (2) Intersegment asset eliminations reflect the elimination of Crusader receivables from Unifax and Unifax payables to Crusader.

Fair Value Of Financial Instr23

Fair Value Of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Of Financial Instruments
Fair value of financial instruments	The following table presents information about the Company’s consolidated financial instruments and their estimated fair values, which are measured on a recurring basis, and are allocated among the three levels within the fair value hierarchy as of June 30, 2018, and December 31, 2017: Level 1 Level 2 Level 3 Total June 30, 2018 Financial instruments: Available-for-sale fixed maturities: U.S. treasury securities $ 10,512,602 $ — $ — $ 10,512,602 Corporate securities — 32,326,331 — 32,326,331 Agency mortgage backed securities — 21,929,549 — 21,929,549 Held-to-maturity fixed securities: Certificates of deposit — 20,602,000 — 20,602,000 Total fixed maturities 10,512,602 74,857,880 — 85,370,482 Cash, cash equivalents, and restricted cash 7,835,200 — — 7,835,200 Short-term investments 200,000 — — 200,000 Total financial instruments at fair value $ 18,547,802 $ 74,857,880 $ — $ 93,405,682 December 31, 2017 Financial instruments: Available-for-sale fixed maturities: U.S. treasury securities $ 7,454,225 $ — $ — $ 7,454,225 Corporate securities — 28,657,640 — 28,657,640 Agency mortgage backed securities — 21,737,589 — 21,737,589 Held-to-maturity fixed securities: Certificates of deposit — 28,098,000 — 28,098,000 Total fixed maturities 7,454,225 78,493,229 — 85,947,454 Cash, cash equivalents, and restricted cash 9,366,944 — — 9,366,944 Short-term investments 1,847,778 — — 1,847,778 Total financial instruments at fair value $ 18,668,947 $ 78,493,229 $ — $ 97,162,176

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2018
Investments Tables Abstract
Investment income	A summary of investment income, net of investment expenses and realized gains, is as follows: Three Months Ended June 30 Six Months Ended June 30 2018 2017 2018 2017 Fixed maturities $ 469,500 $ 245,331 $ 931,667 $ 423,764 Short-term investments and cash equivalents 11,642 43,977 19,588 77,779 Gross investment income 481,142 289,308 951,255 501,543 Less: investment expenses (28,536 ) (25,250 ) (53,851 ) (25,250 ) Net investment income 452,606 264,058 897,404 476,293 Net realized gains 137 155 137 155 Net investment income, realized gains $ 452,743 $ 264,213 $ 897,541 $ 476,448
Fixed maturity investments	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 June 30, 2018 Available-for-sale fixed maturities: U.S. treasury securities $ 10,718,524 $ 67 $ (205,989 ) $ 10,512,602 Corporate securities 33,242,576 6,285 (922,530 ) 32,326,331 Agency mortgage-backed securities 22,553,326 — (623,777 ) 21,929,549 Held-to-maturity fixed securities: Certificates of deposits 20,602,000 — — 20,602,000 Total fixed maturities $ 87,116,426 $ 6,352 $ (1,752,296 ) $ 85,370,482 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2017 Available-for-sale fixed maturities: U.S. treasury securities $ 7,517,901 $ 21 $ (63,697 ) $ 7,454,225 Corporate securities 28,745,223 43,204 (130,787 ) 28,657,640 Agency mortgage-backed securities 21,889,996 — (152,407 ) 21,737,589 Held-to-maturity fixed securities: Certificates of deposits 28,098,000 — — 28,098,000 Total fixed maturities $ 86,251,120 $ 43,225 $ (346,891 ) $ 85,947,454
Unrealized gains (losses) on investments	A summary of the unrealized gains (losses) on investments in fixed maturities carried at fair value and the applicable deferred federal income taxes are shown below: June 30 December 31 2018 2017 Gross unrealized gains on fixed maturities $ 6,352 $ 43,225 Gross unrealized losses on fixed maturities (1,752,296 ) (346,891 ) Net unrealized losses on fixed maturities (1,745,944 ) (303,666 ) Deferred federal tax benefit 366,649 63,770 Net unrealized losses, net of deferred income taxes $ (1,379,295 ) $ (239,896 )
Components of investments in unrealized loss position for continiuos period of time	A summary of estimated fair value, gross unrealized losses, and number of securities in a gross unrealized loss position by the length of time in which the securities have continually been in that position is shown below: Less than 12 Months 12 Months or Longer Estimated Fair Value Gross Unrealized Losses Number of Securities Estimated Fair Value Gross Unrealized Losses Number of Securities June 30, 2018 U.S. treasury securities $ 10,165,938 $ (205,989 ) 8 $ — $ — — Corporate securities 30,145,410 (922,530 ) 41 — — — Agency mortgage-backed securities 21,929,549 (623,777 ) 18 — — — Total $ 62,240,897 $ (1,752,296 ) 67 $ — $ — — Less than 12 Months 12 Months or Longer Estimated Fair Value Gross Unrealized Losses Number of Securities Estimated Fair Value Gross Unrealized Losses Number of Securities December 31, 2017 U.S. treasury securities $ 7,454,204 $ (63,697 ) 6 $ — $ — — Corporate securities 20,335,512 (130,787 ) 26 — — — Agency mortgage-backed securities 21,737,589 (152,407 ) 17 — — — Total $ 49,527,305 $ (346,891 ) 49 $ — $ — —
Summary of state held deposits	The following certificates of deposit from four different banks 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 to transact insurance business in the state of Nevada. June 30 December 31 2018 2017 Long-term certificates of deposit $ 400,000 $ 400,000 Short-term certificates of deposit 200,000 200,000 Total state held deposits $ 600,000 $ 600,000
Investment in short term assets	Short-term investments have an initial maturity between three and twelve months and consist of the following: June 30 December 31 2018 2017 Certificates of deposit $ 200,000 $ 200,000 U.S. treasury bills — 1,148,395 Commercial paper — 499,383 Total short-term investments $ 200,000 $ 1,847,778

Cash and Restricted Cash (Table

Cash and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets to the amounts shown in the Condensed Consolidated Statements of Cash Flows: June 30 December 31 2018 2017 Cash $ 496,110 $ 774,226 Cash equivalents 7,339,090 8,592,718 Restricted cash — — Cash, cash equivalents, and restricted cash $ 7,835,200 $ 9,366,944

Unpaid Losses and Loss Adjust26

Unpaid Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
Unpaid Losses And Loss Adjustment Expenses
Loss and loss adjustment expense reserves	The following table provides an analysis of Crusader’s loss and loss adjustment expense reserves, including a reconciliation of the beginning and ending balance sheet liability for the periods indicated: Six Months Ended June 30 2018 2017 Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance $ 49,076,991 $ 47,055,787 Less reinsurance recoverable on unpaid losses and loss adjustment expenses 8,393,550 9,520,970 Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance 40,683,441 37,534,817 Incurred losses and loss adjustment expenses: Provision for insured events of current year 10,661,378 12,064,708 Development of insured events of prior years 2,069,582 2,369,147 Total incurred losses and loss adjustment expenses 12,730,960 14,433,855 Loss and loss adjustment expense payments: Attributable to insured events of the current year 2,819,187 2,700,347 Attributable to insured events of prior years 9,333,811 9,820,928 Total payments 12,152,998 12,521,275 Reserve for unpaid losses and loss adjustment expenses at June 30 – net of reinsurance 41,261,403 39,447,397 Reinsurance recoverable on unpaid losses and loss adjustment expenses 8,804,650 12,491,623 Reserve for unpaid losses and loss adjustment expenses at June 30 – gross of reinsurance $ 50,066,053 $ 51,939,020

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Notes to Financial Statements
Earnings (loss) per share - diluted	$ 0.03	$ (0.17)	$ (0.38)	$ (0.57)
Earnings (loss) per share - basic	$ 0.03	$ (0.17)	$ (0.38)	$ (0.57)
Net income (loss)	$ 168,297	$ (890,735)	$ (2,038,955)	$ (3,037,987)
Weighted average shares outstanding - diluted	5,307,133	5,307,133	5,307,133	5,307,133
Weighted average shares outstanding - basic	5,307,133	5,307,133	5,307,133	5,307,133

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Property And Equipment Table Abstract
Office building and leasehold improvements	$ 8,397,025	$ 8,352,181
Furniture, fixtures, and equipment	2,757,308	2,724,775
Accumulated depreciation and amortization	(3,486,523)	(3,204,806)
Land located in Calabasas California	1,787,485	1,787,485
Computer software	362,647	355,234
Net property and equipment	$ 9,817,942	$ 10,014,869

Segment Reporting - Revenues (D

Segment Reporting - Revenues (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Insurance company operation	$ 7,927,789	$ 8,551,554	$ 16,109,807	$ 16,752,651
Revenues from other insurance operations	2,906,772	3,575,396	5,949,544	6,964,851
Intersegment revenue eliminations	(2,191,109)	(2,885,644)	(4,609,010)	(5,515,699)
Revenues from other insurance operations net of intersegment eliminations	715,663	689,752	1,340,534	1,449,152
Total revenues	8,643,452	9,241,306	17,450,341	18,201,803
Income (Loss) Before Income Taxes
Income (loss) before taxes from insurance company operation	892,285	(346,898)	(1,060,329)	(3,410,818)
Loss before taxes from other insurance operations	(605,253)	(1,003,928)	(1,464,571)	(1,207,357)
Total income (loss)	$ 287,032	$ (1,350,826)	$ (2,524,900)	$ (4,618,175)

Segment Reporting - Assets (Det

Segment Reporting - Assets (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Assets
Insurance company operation	$ 114,015,943	$ 117,274,626
Intersegment asset eliminations	(2,583,114)	(2,486,500)
Total insurance company operation	111,432,829	114,788,126
Other insurance operations assets	14,066,662	15,510,632
Total assets	$ 125,499,491	$ 130,298,758

Fair Value of Financial Instr31

Fair Value of Financial Instruments - Fair Value of Invested Assets (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Fixed maturity investments available for sale:
U.S. treasury securities	$ 10,512,602	$ 7,454,225
Corporate securities	32,326,331	28,657,640
Agency mortgage-backed securities	21,929,549	21,737,589
Held to maturity fixed maturity investments:
Certificates of deposit	20,602,000	28,098,000
Total fixed maturities	85,370,482	85,947,454
Cash, cash equivalents, and restricted cash	7,835,200	9,366,944	$ 15,480,020	$ 22,602,982
Short-term investments, at fair value	200,000	1,847,778
Total financial instruments at fair value	93,405,682	97,162,176
Level 1
Fixed maturity investments available for sale:
U.S. treasury securities	10,512,602	7,454,225
Corporate securities	0	0
Agency mortgage-backed securities	0	0
Held to maturity fixed maturity investments:
Certificates of deposit	0	0
Total fixed maturities	10,512,602	7,454,225
Cash, cash equivalents, and restricted cash	7,835,200	9,366,944
Short-term investments, at fair value	200,000	1,847,778
Total financial instruments at fair value	18,547,802	18,668,947
Level 2
Fixed maturity investments available for sale:
U.S. treasury securities	0	0
Corporate securities	32,326,331	28,657,640
Agency mortgage-backed securities	21,929,549	21,737,589
Held to maturity fixed maturity investments:
Certificates of deposit	20,602,000	28,098,000
Total fixed maturities	74,857,880	78,493,229
Cash, cash equivalents, and restricted cash	0	0
Short-term investments, at fair value	0	0
Total financial instruments at fair value	74,857,880	78,493,229
Level 3
Fixed maturity investments available for sale:
U.S. treasury securities	0	0
Corporate securities	0	0
Agency mortgage-backed securities	0	0
Held to maturity fixed maturity investments:
Certificates of deposit	0	0
Total fixed maturities	0	0
Cash, cash equivalents, and restricted cash	0	0
Short-term investments, at fair value	0	0
Total financial instruments at fair value	$ 0	$ 0

Investments - Investment Income

Investments - Investment Income And Realized Losses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Notes to Financial Statements
Investment income fixed maturities	$ 469,500	$ 245,331	$ 931,667	$ 423,764
Investment income short-term investments	11,642	43,977	19,588	77,779
Gross investment income	481,142	289,308	951,255	501,543
Investment expense	28,536	25,250	53,851	25,250
Investment income net of expenses	452,606	264,058	897,404	476,293
Net realized investment gains (losses)	137	155	137	155
Net investment income, realized gains	$ 452,743	$ 264,213	$ 897,541	$ 476,448

Investments - Fixed Maturities

Investments - Fixed Maturities by Categories (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Amortized cost, fixed maturities, available for sale	$ 66,514,426	$ 58,153,120
Estimated fair value, fixed maturities, available for sale	64,768,482	57,849,454
Amortized cost, fixed maturities, held to maturity	20,602,000	28,098,000
Estimated fair value, fixed maturities, held to maturity	20,602,000	28,098,000
U.S. treasury securities
Amortized cost, fixed maturities, available for sale	10,718,524	7,517,901
Gross unrealized gains, fixed maturities, available for sale	67	21
Gross unrealized losses, fixed maturities, available for sale	(205,989)	(63,697)
Estimated fair value, fixed maturities, available for sale	10,512,602	7,454,225
Corporate securities
Amortized cost, fixed maturities, available for sale	33,242,576	28,745,223
Gross unrealized gains, fixed maturities, available for sale	6,285	43,204
Gross unrealized losses, fixed maturities, available for sale	(922,530)	(130,787)
Estimated fair value, fixed maturities, available for sale	32,326,331	28,657,640
Agency mortgage-backed securities
Amortized cost, fixed maturities, available for sale	22,553,326
Gross unrealized gains, fixed maturities, available for sale	0
Gross unrealized losses, fixed maturities, available for sale	(623,777)
Estimated fair value, fixed maturities, available for sale	21,929,549
Certificates of deposit
Amortized cost, fixed maturities, held to maturity	20,602,000	28,098,000
Gross unrealized gains, fixed maturities, held to maturity	0	0
Gross unrealized losses, fixed maturities, held to maturity	0	0
Estimated fair value, fixed maturities, held to maturity	20,602,000	28,098,000
Total fixed maturities
Fixed maturities, at amortized cost	87,116,426	86,251,120
Gross unrealized gains, fixed maturities	6,352	43,225
Gross unrealized losses, fixed maturities	(1,752,296)	(346,891)
Fixed maturities, at estimated fair value	$ 85,370,482	85,947,454
Agency mortgage backed securities
Amortized cost, fixed maturities, available for sale		21,889,996
Gross unrealized gains, fixed maturities, available for sale		0
Gross unrealized losses, fixed maturities, available for sale		(152,407)
Estimated fair value, fixed maturities, available for sale		$ 21,737,589

Investments - Unrealized Gains

Investments - Unrealized Gains (Losses) on Investments in Fixed Maturities (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Notes to Financial Statements
Gross unrealized gains on fixed maturities	$ 6,352	$ 43,225
Gross unrealized losses on fixed maturities	(1,752,296)	(346,891)
Net unrealized losses on fixed maturities	(1,745,944)	(303,666)
Deferred federal tax benefit	366,649	63,770
Net unrealized losses, net of deferred income taxes	$ (1,379,295)	$ (239,896)

Investments - Securities in Unr

Investments - Securities in Unrealized Loss Position (Details)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
U.S. treasury securities
Fair value, less than 12 months	$ 10,165,938	$ 7,454,204
Fair value, 12 months or longer	0	0
Gross unrealized losses, less than 12 months	205,989	63,697
Gross unrealized losses, 12 months or longer	$ 0	$ 0
Number of securities in unrealized loss positions for less than 12 months	8	6
Number of securities in unrealized loss positions for 12 months or longer	0	0
Corporate securities
Fair value, less than 12 months	$ 30,145,410	$ 20,335,512
Fair value, 12 months or longer	0	0
Gross unrealized losses, less than 12 months	922,530	130,787
Gross unrealized losses, 12 months or longer	$ 0	$ 0
Number of securities in unrealized loss positions for less than 12 months	41	26
Number of securities in unrealized loss positions for 12 months or longer	0	0
Agency mortgage-backed securities
Fair value, less than 12 months	$ 21,929,549
Fair value, 12 months or longer	0
Gross unrealized losses, less than 12 months	623,777
Gross unrealized losses, 12 months or longer	$ 0
Number of securities in unrealized loss positions for less than 12 months	18
Number of securities in unrealized loss positions for 12 months or longer	0
Total fixed maturities
Fair value, less than 12 months	$ 62,240,897	$ 49,527,305
Fair value, 12 months or longer	0	0
Gross unrealized losses, less than 12 months	1,752,296	346,891
Gross unrealized losses, 12 months or longer	$ 0	$ 0
Number of securities in unrealized loss positions for less than 12 months	67	49
Number of securities in unrealized loss positions for 12 months or longer	0	0
Agency mortgage backed securities
Fair value, less than 12 months		$ 21,737,589
Fair value, 12 months or longer		0
Gross unrealized losses, less than 12 months		152,407
Gross unrealized losses, 12 months or longer		$ 0
Number of securities in unrealized loss positions for less than 12 months		17
Number of securities in unrealized loss positions for 12 months or longer		0

Investments - State Held Deposi

Investments - State Held Deposits (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Notes to Financial Statements
Short-term certificates of deposit held by state	$ 200,000	$ 200,000
Long-term certificates of deposit held by state	400,000	400,000
State held deposits	$ 600,000	$ 600,000

Investments - Short term invesm

Investments - Short term invesmtments (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Notes to Financial Statements
Short-term U.S. treasury bills	$ 0	$ 1,148,395
Certificates of deposit	200,000	200,000
Commercial paper	0	499,383
Total short-term investments	$ 200,000	$ 1,847,778

Cash and Restricted Cash - Cash

Cash and Restricted Cash - Cash and Restricted Cash (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Notes to Financial Statements
Cash	$ 496,110	$ 774,226
Cash equivalents	7,339,090	8,592,718
Restricted cash	0	0
Cash, cash equivalents, and restricted cash	$ 7,835,200	$ 9,366,944	$ 15,480,020	$ 22,602,982

Unpaid Losses And Loss Adjust39

Unpaid Losses And Loss Adjustment Expenses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Insurance Loss Reserves [Abstract]
Gross reserves	$ 50,066,053	$ 51,939,020	$ 50,066,053	$ 51,939,020	$ 49,076,991	$ 47,055,787
Reinsurance recoverable on unpaid losses and loss adjustment expenses	8,804,650	12,491,623	8,804,650	12,491,623	8,393,550	9,520,970
Net reserves	41,261,403	39,447,397	41,261,403	39,447,397	$ 40,683,441	$ 37,534,817
Incurred losses and loss adjustment expenses
Current accident year			10,661,378	12,064,708
Prior accident years			2,069,582	2,369,147
Incurred losses and loss adjustment expenses	$ 4,929,203	$ 5,908,674	12,730,960	14,433,855
Paid losses and loss adjustment expenses
Current accident year			2,819,187	2,700,347
Prior accident years			9,333,811	9,820,928
Total payment losses and loss adjustment expenses			$ 12,152,998	$ 12,521,275

Repurchase of Common Stock - 40

Repurchase of Common Stock - Effects on Stockholders' Equity (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Notes to Financial Statements
Cost of common stock repurchased	$ 0	$ 0	$ 0	$ 0
Share repurchase allocated to paid in capital	0	0	0	0
Share repurchase allocated to retained earnings	$ 0	$ 0	$ 0	$ 0
Stock repurchase authority remiaining			188,655		188,655
Shares repurchased and retired during period - shares	0	0	0	0
Repurchase of common stock previously authorized					500,000

Deterred Tax Assets (Narrative)

Deterred Tax Assets (Narrative)	Dec. 31, 2017USD ($)
Deterred Tax Assets
Corporate Federal income tax rate before Tax Cuts and Jobs Act	34.00%
Corporate Federal income tax rate after Tax Cuts and Jobs Act	21.00%
Reduction in deferred tax asset due to Tax Cuts and Jobs Act	$ 2,176,862

Property and Equipment (Detai42

Property and Equipment (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Property And Equipment Details Abstract
Square footage of building	46,884		46,884
Building square footage leased to non-alliliates	14,481		14,481
Building square footage available for lease	0		0
Depreciation and amortization	$ 141,516	$ 132,441	$ 281,717	$ 264,710
Calabasas building operating expenses including depreciation	186,205	180,621	374,109	347,595
Office building revenue from leases from non-affiliates	$ 89,211	$ 57,900	$ 175,117	$ 115,645

Segment Reporting (Details Narr

Segment Reporting (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Narrative Abstract
Percentage of consolidated revenues from insurance company operations segment	92.00%	93.00%	93.00%	92.00%

Investments (Details Narrative)

Investments (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Notes to Financial Statements
Brokered certificates of deposit	$ 20,202,000		$ 20,202,000		$ 27,698,000
Statutory deposits number of banks	4		4		4
Realized investment gains	$ 137	$ 155	$ 137	$ 155

Cash and Restricted Cash (Detai

Cash and Restricted Cash (Details Narrative) - USD ($)	1 Months Ended
	Sep. 30, 2017	Mar. 21, 2016	Dec. 28, 2015
Notes to Financial Statements
Settlement of Two Judgments	$ 7,000,000
Return of Cash Deposited with Court	$ 6,373,793
Restricted Cash Deposited with Court In Lieu of Bond		$ 5,449,615	$ 7,924,178

Contingencies (Details Narrativ

Contingencies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Notes to Financial Statements
Agent balance receivable	$ 1,181,272		$ 1,181,272		$ 1,181,272
Agent balance bad debt reserve	$ 1,181,272		$ 1,181,272		$ 1,181,272
Agent balance bad debt reserve allowance percentage	100.00%		100.00%		100.00%
Agent balance collected	$ 0	$ 0	$ 0	$ 0
Stipulated judgement from one principal	$ 1,200,000		$ 1,200,000		$ 1,200,000
Judgements obtained from two principles			Full amount due