Till Capital (TIL-CV) 10-Q 12 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 12, 2017
Document Information [Line Items]
Entity Registrant Name	Till Capital Ltd.
Entity Central Index Key	1,625,584
Trading Symbol	til
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		3,350,284
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 9,081,806	$ 5,320,208
Investments (Note 5)	14,219,462	15,520,774
Investment, equity method (Note 5)	1,232,805	1,248,491
Unpaid losses and loss adjustment expenses ceded (Note 6)	7,458,031	7,058,004
Unearned premiums ceded (Note 7)	9,067,488	1,614,803
Premiums receivable and reinsurance recoverables	9,579,875	2,391,427
Deferred policy acquisition costs (Note 8)	1,335,685	498,889
Assets held for sale (Note 3)	4,548,191	4,543,239
Promissory note receivable (Note 4)	1,464,591	2,410,494
Property, plant, and equipment	49,313	52,676
Royalty and mineral interests	993,714	1,003,373
Deferred income tax asset	629,602	583,153
Goodwill	3,007,022	2,980,819
Other assets	805,958	792,752
Total Assets	63,473,543	46,019,102
Liabilities
Reserve for unpaid losses and loss adjustment expenses (Note 6)	13,696,995	13,212,366
Unearned premiums (Note 7)	10,793,169	2,283,118
Reinsurance payables	10,518,520	3,193,409
Accounts payable and accrued liabilities	1,488,417	1,143,825
Other liabilities	1,396,136	397,103
Total liabilities	37,893,237	20,229,821
Contingencies (Note 14)
Shareholders' equity
Common stock	3,350	3,350
Additional paid in capital	31,535,060	31,532,168
Treasury stock	(248,951)	(248,951)
Accumulated other comprehensive loss	(2,036,713)	(1,685,517)
Deficit (excluding $105,305,060 reclassified to additional paid in capital in the December 31, 2014 quasi-reorganization)	(3,954,105)	(5,566,729)
Equity attributable to shareholders of Till Capital Ltd.	25,298,641	24,034,321
Non-controlling interests in Silver Predator Corp.	281,665	1,754,960
Total shareholders’ equity	25,580,306	25,789,281
Total liabilities and shareholders' equity	$ 63,473,543	$ 46,019,102

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Amount reclassified to additional paid in capital	$ 105,305,060	$ 105,305,060

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue
Insurance premiums written	$ 19,833,312	$ 9,942,138
Insurance premiums ceded to reinsurers	(18,434,476)	(9,617,102)
Change in unearned premiums	(1,105,436)	(177,392)
Net premiums earned	293,400	147,644
Investment income, net (Note 5)	965,351	45,288
Gain on sale of property, plant, and equipment	4,500	43,000
Other revenue	160,170	169,774
Total revenue	1,423,421	405,706
Expenses
Losses and loss adjustment expenses, net (Note 6)	318,031	211,338
General and administrative expenses	581,164	465,658
Salaries and benefits	295,845	555,861
Stock-based compensation	19,751	8,326
Mining related expenses and property impairment	11,032	11,417
Foreign exchange gain	(4,359)	(235,010)
Interest and other expense	2,565	5,550
Total expenses	1,224,029	1,023,140
Income (loss) before income taxes and loss on equity method investment	199,392	(617,434)
Current income tax expense (Note 9)	(10,946)	(55,761)
Deferred income tax benefit (Note 9)	46,449	82,736
Share of accumulated equity method losses	(15,686)	(8,581)
Net income (loss)	219,209	(599,040)
Net income (loss) attributable to:
Shareholders of Till Capital Ltd.	210,103	(641,955)
Non-controlling interests	9,106	42,915
Net income (loss)	219,209	(599,040)
Other comprehensive (loss) income:
Change in cumulative foreign exchange translation adjustment	201,099	885,653
Change in net unrealized gains on available for sale investments	449,201	612,353
Reclassification adjustment for net realized (gain) loss on available for sale investments	(1,001,496)	(236,415)
Other comprehensive (loss) income	(351,196)	1,261,591
Comprehensive (loss) income	$ (131,987)	$ 662,551
Basic and diluted net income (loss) per share of Till Capital Ltd. (in dollars per share)	$ 0.06	$ (0.19)
Weighted average number of shares outstanding (in shares)	3,350,284	3,429,284

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net income (loss)	$ 219,209	$ (599,040)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred income taxes (Note 9)	(46,449)	(82,736)
Depreciation and amortization expense	80,324	46,121
Stock-based compensation	19,751	8,326
Gain on sale of property, plant and equipment	(4,500)	(43,000)
Gain on investments	(965,351)	(45,288)
Loss on equity method investment	15,686	8,581
Other non-cash items, net		(26,975)
Changes in operating assets and liabilities:
Increase in premiums receivable and reinsurance recoverables	(7,188,448)	(266,680)
Increase in unpaid losses, LAE, and amounts ceded	84,602	203,393
Increase in reinsurance payables	7,325,111	1,463,205
Increase in deferred policy acquisition costs	(836,796)	(82,736)
Increase in unearned premiums	1,057,366	129,534
Increase (decrease) in accounts payable and other liabilities	1,343,625	(549,151)
Other working capital changes	(9,414)	(24,109)
Net cash provided by operating activities	1,094,716	139,445
Cash flows from investing activities
Proceeds from sales of available for sale investments (Note 5)	1,335,452	544,400
Sales (purchases) of held for trading investments, net	417,839	(1,199,832)
Proceeds from sale of mineral properties		131,417
Sales of property, plant, and equipment, net	4,500	43,000
Development costs capitalization	(80,986)	(69,550)
Net cash provided by (used in) investing activities	1,676,805	(550,565)
Cash flows from financing activities
Proceeds from note receivable (Note 4)	913,879
Net cash provided by financing activities	913,879
Increase (decrease) in cash and cash equivalents	3,685,400	(411,120)
Effect of foreign exchange rate changes on cash and cash equivalents	76,198	536,367
Cash and cash equivalents, beginning of period	5,320,208	1,519,881
Cash and cash equivalents, end of period	9,081,806	1,645,128
Supplemental cash flow information:
Interest paid
Income taxes paid, net	$ 9,065	$ 9,466

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Basis of Accounting [Text Block]	1. BASIS OF PRESENTATION Basis of presentation and measurement The interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, the accompanying interim condensed consolidated financial statements contain all normal and recurring adjustments necessary to fairly present the consolidated financial position of Till Capital Ltd. ("Till") and its subsidiaries at March 31, 2017 December 31, 2016 three March 31, 2017 2016. The interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto included in Till's latest annual report on Form 10 December 31, 2016. Three Months Ended March 31 2017 2016 Exchange rate comparisons at period end US$1 = CDN$1.331 US$1 = CDN$1.2968 Average exchange rate for the period US$1 = CDN$1.3238 US$1 = CDN$1.3733 The exchange rate comparison at December 31, 2016 US$1 CDN$1.3427. Basic and diluted income (loss) per restricted voting share are calculated on Till's income (loss) attributed to Till's shareholders divided by the weighted average number of Till shares outstanding during the period.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SIGNIFICANT ACCOUNTING POLICIES There have been no changes to Till's significant accounting policies described in Till's annual report on Form 10 December 31, 2016. Accounting pronouncements The recent accounting pronouncements described below have had or may In May 2014, 2014 09, Revenue from Contracts with Customers 606). 606 606 December 15, 2017. December 15, 2016, In May 2015, 2015 09, Financial Services - Insurance 944), December 31, 2016, 6, In September 2015, 2015 16, Business Combinations 805): Simplifying the Accounting for Measurement-Period Adjustments 805 2017. first 2017. In January 2016, 2016 01, Financial Statements - Overall 825 10): Recognition and Measurement of Financial Assets and Financial Liabilities 825 10 December 15, 2017, In February 2016, 2016 02, Leases, January 1, 2019, In March 2016, 2016 09, Compensation-Stock Compensation (Topic718), first 2017 In January 2017, 2017 04, Intangibles-Goodwill and Other, first 2020 No other new accounting pronouncement issued or effective during 2017

Note 3 - Assets Held-for-sale

Note 3 - Assets Held-for-sale	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3. ASSETS HELD FOR SALE In the second 2015, 100% 64% In January 2017, 100% 100% $1 March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Assets held for sale: Cash, accounts receivable, and prepaid expenses $ 28,351 $ 23,399 Reclamation bonds 32,401 32,401 Mineral properties 488,871 488,871 Property, plant, and equipment 3,998,568 3,998,568 Total $ 4,548,191 $ 4,543,239 SPD's Taylor Mill assets had a book value of $- 0 March 31, 2017 December 31, 2016.

Note 4 - Promissory Note Receiv

Note 4 - Promissory Note Receivable	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Financing Receivables [Text Block]	4. PROMISSORY NOTE RECEIVABLE Till holds a promissory note receivable from Golden Predator Mining Corp. ("GPY") with an original face amount of CDN$3,753,332 (US$2,570,950). 6% June 1, 2016, 8% June 1, 2017, 10% June 1, 2018, 12% The first CDN$717,450 (US$546,545) May 25, 2016 second CDN$1,216,373 (US$913,879) March 31, 2017. CDN$1,348,932 June 1, 2018, CDN$1,232,000 June 1, 2019. 100% 3 The promissory note was initially recognized at fair value, and has subsequently been carried at amortized cost using the effective interest rate method. Fair value of note at December 31, 2016 $ 2,410,494 Payment on March 31, 2017 (913,879 ) Foreign exchange loss (32,024 ) Carrying value, March 31, 2017 $ 1,464,591

Note 5 - Investments

Note 5 - Investments	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Investment [Text Block]	5. INVESTMENTS The following tables summarize the differences between cost or amortized cost and fair value, by major investment category, at March 31, 2017 December 31, 2016: Trading investments Amortized Unrealized Unrealized Fair March 31, 2017: Equity securities - natural resource sector $ 278,873 $ 71,956 $ 17,933 $ 332,896 Equity securities - all other sectors 1,054,076 125,816 4,715 1,175,177 Total $ 1,332,949 $ 197,772 $ 22,648 $ 1,508,073 December 31, 2016: Equity securities - natural resource sector $ 642,914 $ 4,515 $ 134,536 $ 512,893 Equity securities - all other sectors 1,828,778 — 395,689 1,433,089 Total $ 2,471,692 $ 4,515 $ 530,225 $ 1,945,982 Available for sale investments Amortized Unrealized Unrealized Fair March 31, 2017: Canadian government bonds and provincial bonds $ 8,002,395 $ 78,870 $ — $ 8,081,265 Equity securities - bond funds 4,501,968 — 36,344 4,465,624 Equity securities - natural resource sector 102,397 79,304 17,201 164,500 Total $ 12,606,760 $ 158,174 $ 53,545 $ 12,711,389 December 31, 2016: Canadian government bonds and provincial bonds $ 8,114,813 $ 58,709 $ 6 $ 8,173,516 Equity securities - bond funds 4,467,788 — 48,439 4,419,349 Equity securities - natural resource sector 335,267 661,555 14,895 981,927 Total $ 12,917,868 $ 720,264 $ 63,340 $ 13,574,792 Total Investments Amortized Unrealized Unrealized Fair March 31, 2017: Held for trading $ 1,332,949 $ 197,772 $ 22,648 $ 1,508,073 Available for sale 12,606,760 158,174 53,545 12,711,389 Total $ 13,939,709 $ 355,946 $ 76,193 $ 14,219,462 December 31, 2016: Held for trading $ 2,471,692 $ 4,515 $ 530,225 $ 1,945,982 Available for sale 12,917,868 720,264 63,340 13,574,792 Total $ 15,389,560 $ 724,779 $ 593,565 $ 15,520,774 Realized gain (loss) on investments, net Till calculates the gain or loss realized on the sale of investments by comparing the sales price (fair value) to the cost or amortized cost of the security sold. Till determines the cost or amortized cost of the bonds sold using the specific-identification method and all other securities sold using the average cost method. Held for trading investments The net gain from held for trading investments was $254,505 $147,179 three March 31, 2017 2016, Available for sale investments Three Months Ended March 31 2017 2016 Gains Fair Value at Sale Gains (Losses) Fair Value at Sale Equities $ 1,001,496 $ 1,335,452 $ 253,373 $ 427,536 Total realized gains 1,001,496 1,335,452 253,373 427,536 Equities — — (16,958 ) 116,864 Total realized losses — — (16,958 ) 116,864 Net realized gains $ 1,001,496 $ 1,335,452 $ 236,415 $ 544,400 The following tables summarize Till's fixed maturities by contractual maturity periods. Actual results may may March 31, 2017 Amortized Cost Percent of Total Fair Value Percent of Total Due in one year or less $ 3,323,143 27 % $ 3,330,249 27 % Due after one year through five years 7,182,003 57 7,195,927 57 Due after five years through 10 years 1,999,217 16 2,020,713 16 Due after ten years — — — — Total $ 12,504,363 100 % $ 12,546,889 100 % December 31, 2016 Amortized Cost Percent of Total Fair Value Percent of Total Due in one year or less $ 2,063,193 16 % $ 2,064,575 16 % Due after one year through five years 8,309,375 66 8,315,177 66 Due after five years through 10 years 2,210,033 18 2,213,113 18 Due after ten years — — — — Total $ 12,582,601 100 % $ 12,592,865 100 % Net change in unrealized gain (loss) on investments Available for sale investments Three Months Ended March 31 2017 2016 Canadian government and provincial bonds $ (80,217 ) $ 89,195 Bond funds 12,095 (13,689 ) Equities (484,173 ) 300,432 Included in accumulated other comprehensive income (loss) $ (552,295 ) $ 375,938 Investment income (expense) Three Months Ended March 31 2017 2016 Net interest and dividends $ 129,028 $ 124,353 Investment related expenses (419,678 ) (154,595 ) Total $ (290,650 ) $ (30,242 ) Investment income (loss), net Three Months Ended March 31 2017 2016 Net gain on held for trading securities $ 254,505 $ 147,179 Net realized gain on available for sale securities 1,001,496 236,415 Change in unrealized loss on derivative liability — (308,064 ) Net investment expense (290,650 ) (30,242 ) Total $ 965,351 $ 45,288 The following table presents information about Till’s assets measured at fair value on a recurring basis. March 31, 2017 Total Level 1 Level 2 Level 3 Canadian government bonds and provincial bonds $ 12,546,889 $ 4,465,625 $ 8,081,264 $ — Equity securities 1,672,573 1,405,723 266,850 — Total investments $ 14,219,462 $ 5,871,348 $ 8,348,114 $ — December 31, 2016 Total Level 1 Level 2 Level 3 Canadian government bonds and provincial bonds $ 12,592,865 $ 4,419,349 $ 8,173,516 $ — Equity securities 2,927,909 2,694,945 232,964 — Total investments $ 15,520,774 $ 7,114,294 $ 8,406,480 $ — The following table presents an aging of Till’s unrealized investment losses on available for sale investments by investment class as of March 31, 2017 March 31, 2016. Less than Twelve Months Twelve Months or More Number of Gross Fair Value Number of Gross Fair Value March 31, 2017: Equity securities - bond funds — $ — $ — 2 $ 36,344 $ 4,465,625 Equity security - natural resource sector — — — 1 17,201 164,500 Total — $ — $ — 3 $ 53,545 $ 4,630,125 March 31, 2016: Equity securities - bond funds 1 $ 4,759 $ 2,308,626 — $ — $ — Equity security - natural resource sector — — — 1 1,779 15,423 Total 1 $ 4,759 $ 2,308,626 1 $ 1,779 $ 15,423 Equity Investment in Limited Liability Company Till, through RRL, has an investment in IG Copper LLC (“IGC”) that is accounted for under the equity method of accounting that is summarized as follows: March 31, 2017 December 31, 2016 Balance, beginning of period $ 1,248,491 $ 1,089,570 Additional investments — 219,179 Share of accumulated equity method losses (15,686 ) (60,258 ) Balance, end of period $ 1,232,805 $ 1,248,491 Till's ownership percentage 3.59 % 3.59 % On December 17, 2016, $400,000, 15%, August 19, 2017. $7 March 31, 2017 December 31, 2016, $416,767 $401,973,

Note 6 - Unpaid Losses, Loss Ad

Note 6 - Unpaid Losses, Loss Adjustment Expenses, and Amounts Ceded	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Insurance Disclosure [Text Block]	6. UNPAID LOSSES, LOSS ADJUSTMENT EXPENSES, AND AMOUNTS CEDED Summary of changes in outstanding losses and loss adjustment expenses ("LAE") and amounts ceded Three Months Ended March 31 2017 2016 Unpaid Amounts Net Unpaid Amounts Net Balance, beginning of period $ 13,212,366 $ 7,058,004 $ 6,154,362 $ 14,539,623 $ 7,304,975 $ 7,234,648 Losses and LAE incurred for insured events related to: Current period 5,838,829 5,825,146 13,683 4,646,918 4,630,575 16,343 Prior periods 1,548,754 1,244,406 304,348 1,639,076 1,444,081 194,995 Total incurred 7,387,583 7,069,552 318,031 6,285,994 6,074,656 211,338 Losses and LAE paid: Current period events (5,678,881 ) (5,678,881 ) — (4,469,014 ) (4,469,014 ) — Prior period events (1,365,872 ) (1,055,842 ) (310,030 ) (1,915,472 ) (1,356,778 ) (558,694 ) Total paid (7,044,753 ) (6,734,723 ) (310,030 ) (6,384,486 ) (5,825,792 ) (558,694 ) Adjustment due to currency conversion 141,799 65,198 76,601 1,115,580 564,831 550,749 Balance, end of period $ 13,696,995 $ 7,458,031 $ 6,238,964 $ 15,556,711 $ 8,118,670 $ 7,438,041 The following table depicts written premiums and earned premiums, showing the effects of these components on Till's condensed consolidated statements of income (loss) and comprehensive income (loss). Three Months Ended March 31 2017 2016 Premiums written: Direct $ 19,828,827 $ 9,942,138 Assumed 4,485 — Ceded (18,434,476 ) (9,617,102 ) Net premiums written $ 1,398,836 $ 325,036 Change in unearned premiums: Direct $ (8,584,383 ) $ (1,355,512 ) Assumed — — Ceded 7,478,947 1,178,120 Net increase $ (1,105,436 ) $ (177,392 ) Premiums earned: Direct $ 11,244,444 $ 8,586,626 Assumed 4,485 — Ceded (10,955,529 ) (8,438,982 ) Net premiums earned $ 293,400 $ 147,644

Note 7 - Unearned Premiums

Note 7 - Unearned Premiums	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Unearned Premiums [Text Block]	7. UNEARNED PREMIUMS Summary of changes in unearned premiums and unearned premiums ceded Three Months Ended March 31 2017 2016 Unearned Unearned Net Unearned Unearned Net Balance, beginning of period $ 2,283,118 $ 1,614,803 $ 668,315 $ 2,432,468 $ 1,615,977 $ 816,491 Premiums written 19,833,312 18,434,476 1,398,836 9,942,138 9,617,102 325,036 Premiums earned (11,282,390 ) (10,955,529 ) (326,861 ) (8,995,486 ) (8,768,201 ) (227,285 ) Adjustment due to currency conversion (40,871 ) (26,262 ) (14,609 ) 400,847 369,064 31,783 Balance, end of period $ 10,793,169 $ 9,067,488 $ 1,725,681 $ 3,779,967 $ 2,833,942 $ 946,025

Note 8 - Deferred Policy Acquis

Note 8 - Deferred Policy Acquisition Costs	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Deferred Policy Acquisition Costs [Text Block]	8. DEFERRED POLICY ACQUISITION COSTS Summary of changes in deferred policy acquisition costs Three Months Ended March 31 2017 2016 Balance, beginning of period $ 498,889 $ 465,472 Acquisition costs deferred 3,731,169 2,469,557 Amortization of deferred policy acquisition costs (2,894,373 ) (2,343,076 ) Balance, end of period $ 1,335,685 $ 591,953

Note 9 - Income Taxes

Note 9 - Income Taxes	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	9. INCOME TAXES Till’s net income tax benefit consisted of Canadian current income tax expense of $10,946 $55,761 three March 31, 2017 2016, 29.7% 26.7% three March 31, 2017 2016, $46,449 $82,736 three March 31, 2017 2016,

Note 10 - Income (Loss) Per Sha

Note 10 - Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	10. INCOME (LOSS) PER SHARE Till uses the treasury stock method to calculate diluted income (loss) per share. Following the treasury stock method, the numerator for Till’s diluted income (loss) per share calculation remains unchanged from the basic income (loss) per share calculation, as the assumed exercise of Till’s stock options and warrants does not result in an adjustment to net income or loss. Stock options to purchase 119,952 March 31, 2017 December 31, 2016. 179,500 March 31, 2017 March 31, 2017. three March 31, 2017.

Note 11 - Segment Data

Note 11 - Segment Data	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	11. SEGMENT DATA Till operates in a single segment, that being insurance. Till's revenue is attributed to the following geographical areas: Three Months Ended March 31 2017 2016 Canada $ 349,401 $ 519,127 Bermuda 434,472 (143,241 ) United States 639,548 29,820 Total $ 1,423,421 $ 405,706

Note 12 - Related Party Disclos

Note 12 - Related Party Disclosures	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	12. RELATED PARTY DISCLOSURES Service agreements Till is party to service agreements with SPD whereby Till provides accounting and corporate communications services on a cost-plus recovery basis. During the three March 31, 2017 2016, $9,000

Note 13 - Capital Management

Note 13 - Capital Management	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Capital Management [Text Block]	13. CAPITAL MANAGEMENT Regulatory capital Till manages capital on an aggregate basis, as well as individually for each regulated entity. Till's insurance subsidiaries are subject to the regulatory capital requirements defined by the Bermuda Monetary Authority (“BMA”) for RRL and by the Office of Superintendent of Financial Institutions (Canada) (“OSFI”) for Omega General Insurance Company (“Omega”). Till’s objectives when managing capital consist of: • Ensuring that policyholders in the insurance and reinsurance subsidiaries are protected while complying with regulatory capital requirements. • Maximizing long-term shareholder value by optimizing capital used to operate and grow Till. Till views capital as a scarce and strategic resource. That resource protects the financial well-being of the organization, and is also critical in enabling Till to pursue strategic business opportunities. Adequate capital also acts as a safeguard against possible unexpected losses, and as a basis for confidence in Till by shareholders, policyholders, creditors, and others. For the purpose of capital management, Till has defined capital as shareholders’ equity, excluding accumulated other comprehensive income ("AOCI"). Capital is monitored by Till's Board of Directors. Till's insurance subsidiaries are subject to minimum capital requirements that, in the case of RRL, is $1 RRL RRL is registered under The Bermuda Insurance Act 1978 March 31, 2017 $1 75%. March 31, 2017 $12.8 (December 31, 2016 $16.8 75% March 31, 2017 $545,408 (December 31, 2016 $161,988). March 31, 2017 December 31, 2016, Omega OSFI has set out expectations of a 100% 150% March 31, 2017, CDN$9.2 (US$6.9) (December 31, 2016 CDN$9.4 (US$7.0) CDN$2.5 (US$1.9) (December 31, 2016 CDN$1.9 (US$1.4) 367% (December 31, 2016 499%). March 31, 2017 December 31, 2016, Statutory Accounting Practices for RRL and Omega. RRL and Omega follow accounting practices prescribed or permitted by their respective regulators, Bermuda and Canada, respectively. Statutory accounting practices applicable to RRL differ from GAAP in certain areas, the most significant being that statutory accounting practices: • Require the expensing of policy acquisition costs as incurred, i.e., does not allow for the deferral and amortization of policy acquisition costs, i.e., DPAC. • Require that certain investments be recorded at cost or amortized cost and allows bonds to be carried at amortized cost or fair value based on an independent rating. • Specify how much, if any, of a deferred income tax asset is reportable as an admitted asset.

Note 14 - Contingencies

Note 14 - Contingencies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Contingencies Disclosure [Text Block]	14. CONTINGENCIES Till and its subsidiaries are party to various litigation-related matters in the ordinary course of our business. Till cannot estimate with certainty the ultimate legal and financial liability with respect to those pending litigation matters. However, Till believes, based on its knowledge of such matters, that Till's ultimate liability with respect to those matters will not have a material adverse effect on Till's financial position, results of operations, or cash flows.

Note 15 - Subsequent Events

Note 15 - Subsequent Events	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	15. SUBSEQUENT EVENTS Montego Resource, Inc. On April 3, 2017, $1.2 three 2,500,000 three $700,000 100% Sale of mineral property On April 11, 2017, $1.16 $1

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting pronouncements The recent accounting pronouncements described below have had or may In May 2014, 2014 09, Revenue from Contracts with Customers 606). 606 606 December 15, 2017. December 15, 2016, In May 2015, 2015 09, Financial Services - Insurance 944), December 31, 2016, 6, In September 2015, 2015 16, Business Combinations 805): Simplifying the Accounting for Measurement-Period Adjustments 805 2017. first 2017. In January 2016, 2016 01, Financial Statements - Overall 825 10): Recognition and Measurement of Financial Assets and Financial Liabilities 825 10 December 15, 2017, In February 2016, 2016 02, Leases, January 1, 2019, In March 2016, 2016 09, Compensation-Stock Compensation (Topic718), first 2017 In January 2017, 2017 04, Intangibles-Goodwill and Other, first 2020 No other new accounting pronouncement issued or effective during 2017

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Summary of Foreign Currency Exchange Rates [Table Text Block]	Three Months Ended March 31 2017 2016 Exchange rate comparisons at period end US$1 = CDN$1.331 US$1 = CDN$1.2968 Average exchange rate for the period US$1 = CDN$1.3238 US$1 = CDN$1.3733

Note 3 - Assets Held-for-sale (

Note 3 - Assets Held-for-sale (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	March 31, 2017 December 31, 2016 Assets held for sale: Cash, accounts receivable, and prepaid expenses $ 28,351 $ 23,399 Reclamation bonds 32,401 32,401 Mineral properties 488,871 488,871 Property, plant, and equipment 3,998,568 3,998,568 Total $ 4,548,191 $ 4,543,239

Note 4 - Promissory Note Rece24

Note 4 - Promissory Note Receivable (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Promissory Note Receivable [Table Text Block]	Fair value of note at December 31, 2016 $ 2,410,494 Payment on March 31, 2017 (913,879 ) Foreign exchange loss (32,024 ) Carrying value, March 31, 2017 $ 1,464,591

Note 5 - Investments (Tables)

Note 5 - Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Amortized Cost and Fair Value by Major Investment Category [Table Text Block]	Amortized Unrealized Unrealized Fair March 31, 2017: Equity securities - natural resource sector $ 278,873 $ 71,956 $ 17,933 $ 332,896 Equity securities - all other sectors 1,054,076 125,816 4,715 1,175,177 Total $ 1,332,949 $ 197,772 $ 22,648 $ 1,508,073 December 31, 2016: Equity securities - natural resource sector $ 642,914 $ 4,515 $ 134,536 $ 512,893 Equity securities - all other sectors 1,828,778 — 395,689 1,433,089 Total $ 2,471,692 $ 4,515 $ 530,225 $ 1,945,982 Amortized Unrealized Unrealized Fair March 31, 2017: Canadian government bonds and provincial bonds $ 8,002,395 $ 78,870 $ — $ 8,081,265 Equity securities - bond funds 4,501,968 — 36,344 4,465,624 Equity securities - natural resource sector 102,397 79,304 17,201 164,500 Total $ 12,606,760 $ 158,174 $ 53,545 $ 12,711,389 December 31, 2016: Canadian government bonds and provincial bonds $ 8,114,813 $ 58,709 $ 6 $ 8,173,516 Equity securities - bond funds 4,467,788 — 48,439 4,419,349 Equity securities - natural resource sector 335,267 661,555 14,895 981,927 Total $ 12,917,868 $ 720,264 $ 63,340 $ 13,574,792 Amortized Unrealized Unrealized Fair March 31, 2017: Held for trading $ 1,332,949 $ 197,772 $ 22,648 $ 1,508,073 Available for sale 12,606,760 158,174 53,545 12,711,389 Total $ 13,939,709 $ 355,946 $ 76,193 $ 14,219,462 December 31, 2016: Held for trading $ 2,471,692 $ 4,515 $ 530,225 $ 1,945,982 Available for sale 12,917,868 720,264 63,340 13,574,792 Total $ 15,389,560 $ 724,779 $ 593,565 $ 15,520,774
Schedule of Realized Gain (Loss) [Table Text Block]	Three Months Ended March 31 2017 2016 Gains Fair Value at Sale Gains (Losses) Fair Value at Sale Equities $ 1,001,496 $ 1,335,452 $ 253,373 $ 427,536 Total realized gains 1,001,496 1,335,452 253,373 427,536 Equities — — (16,958 ) 116,864 Total realized losses — — (16,958 ) 116,864 Net realized gains $ 1,001,496 $ 1,335,452 $ 236,415 $ 544,400
Investments Classified by Contractual Maturity Date [Table Text Block]	March 31, 2017 Amortized Cost Percent of Total Fair Value Percent of Total Due in one year or less $ 3,323,143 27 % $ 3,330,249 27 % Due after one year through five years 7,182,003 57 7,195,927 57 Due after five years through 10 years 1,999,217 16 2,020,713 16 Due after ten years — — — — Total $ 12,504,363 100 % $ 12,546,889 100 % December 31, 2016 Amortized Cost Percent of Total Fair Value Percent of Total Due in one year or less $ 2,063,193 16 % $ 2,064,575 16 % Due after one year through five years 8,309,375 66 8,315,177 66 Due after five years through 10 years 2,210,033 18 2,213,113 18 Due after ten years — — — — Total $ 12,582,601 100 % $ 12,592,865 100 %
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) [Table Text Block]	Three Months Ended March 31 2017 2016 Canadian government and provincial bonds $ (80,217 ) $ 89,195 Bond funds 12,095 (13,689 ) Equities (484,173 ) 300,432 Included in accumulated other comprehensive income (loss) $ (552,295 ) $ 375,938
Investment Income [Table Text Block]	Three Months Ended March 31 2017 2016 Net interest and dividends $ 129,028 $ 124,353 Investment related expenses (419,678 ) (154,595 ) Total $ (290,650 ) $ (30,242 )
Gain (Loss) on Investments [Table Text Block]	Three Months Ended March 31 2017 2016 Net gain on held for trading securities $ 254,505 $ 147,179 Net realized gain on available for sale securities 1,001,496 236,415 Change in unrealized loss on derivative liability — (308,064 ) Net investment expense (290,650 ) (30,242 ) Total $ 965,351 $ 45,288
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	March 31, 2017 Total Level 1 Level 2 Level 3 Canadian government bonds and provincial bonds $ 12,546,889 $ 4,465,625 $ 8,081,264 $ — Equity securities 1,672,573 1,405,723 266,850 — Total investments $ 14,219,462 $ 5,871,348 $ 8,348,114 $ — December 31, 2016 Total Level 1 Level 2 Level 3 Canadian government bonds and provincial bonds $ 12,592,865 $ 4,419,349 $ 8,173,516 $ — Equity securities 2,927,909 2,694,945 232,964 — Total investments $ 15,520,774 $ 7,114,294 $ 8,406,480 $ —
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than Twelve Months Twelve Months or More Number of Gross Fair Value Number of Gross Fair Value March 31, 2017: Equity securities - bond funds — $ — $ — 2 $ 36,344 $ 4,465,625 Equity security - natural resource sector — — — 1 17,201 164,500 Total — $ — $ — 3 $ 53,545 $ 4,630,125 March 31, 2016: Equity securities - bond funds 1 $ 4,759 $ 2,308,626 — $ — $ — Equity security - natural resource sector — — — 1 1,779 15,423 Total 1 $ 4,759 $ 2,308,626 1 $ 1,779 $ 15,423
Equity Method Investments [Table Text Block]	March 31, 2017 December 31, 2016 Balance, beginning of period $ 1,248,491 $ 1,089,570 Additional investments — 219,179 Share of accumulated equity method losses (15,686 ) (60,258 ) Balance, end of period $ 1,232,805 $ 1,248,491 Till's ownership percentage 3.59 % 3.59 %

Note 6 - Unpaid Losses, Loss 26

Note 6 - Unpaid Losses, Loss Adjustment Expenses, and Amounts Ceded (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]	Three Months Ended March 31 2017 2016 Unpaid Amounts Net Unpaid Amounts Net Balance, beginning of period $ 13,212,366 $ 7,058,004 $ 6,154,362 $ 14,539,623 $ 7,304,975 $ 7,234,648 Losses and LAE incurred for insured events related to: Current period 5,838,829 5,825,146 13,683 4,646,918 4,630,575 16,343 Prior periods 1,548,754 1,244,406 304,348 1,639,076 1,444,081 194,995 Total incurred 7,387,583 7,069,552 318,031 6,285,994 6,074,656 211,338 Losses and LAE paid: Current period events (5,678,881 ) (5,678,881 ) — (4,469,014 ) (4,469,014 ) — Prior period events (1,365,872 ) (1,055,842 ) (310,030 ) (1,915,472 ) (1,356,778 ) (558,694 ) Total paid (7,044,753 ) (6,734,723 ) (310,030 ) (6,384,486 ) (5,825,792 ) (558,694 ) Adjustment due to currency conversion 141,799 65,198 76,601 1,115,580 564,831 550,749 Balance, end of period $ 13,696,995 $ 7,458,031 $ 6,238,964 $ 15,556,711 $ 8,118,670 $ 7,438,041
Effects of Reinsurance [Table Text Block]	Three Months Ended March 31 2017 2016 Premiums written: Direct $ 19,828,827 $ 9,942,138 Assumed 4,485 — Ceded (18,434,476 ) (9,617,102 ) Net premiums written $ 1,398,836 $ 325,036 Change in unearned premiums: Direct $ (8,584,383 ) $ (1,355,512 ) Assumed — — Ceded 7,478,947 1,178,120 Net increase $ (1,105,436 ) $ (177,392 ) Premiums earned: Direct $ 11,244,444 $ 8,586,626 Assumed 4,485 — Ceded (10,955,529 ) (8,438,982 ) Net premiums earned $ 293,400 $ 147,644

Note 7 - Unearned Premiums (Tab

Note 7 - Unearned Premiums (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Changes in Unearned Premiums and Unearned Premiums Ceded [Table Text Block]	Three Months Ended March 31 2017 2016 Unearned Unearned Net Unearned Unearned Net Balance, beginning of period $ 2,283,118 $ 1,614,803 $ 668,315 $ 2,432,468 $ 1,615,977 $ 816,491 Premiums written 19,833,312 18,434,476 1,398,836 9,942,138 9,617,102 325,036 Premiums earned (11,282,390 ) (10,955,529 ) (326,861 ) (8,995,486 ) (8,768,201 ) (227,285 ) Adjustment due to currency conversion (40,871 ) (26,262 ) (14,609 ) 400,847 369,064 31,783 Balance, end of period $ 10,793,169 $ 9,067,488 $ 1,725,681 $ 3,779,967 $ 2,833,942 $ 946,025

Note 8 - Deferred Policy Acqu28

Note 8 - Deferred Policy Acquisition Costs (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Deferred Policy Acquisition Costs [Table Text Block]	Three Months Ended March 31 2017 2016 Balance, beginning of period $ 498,889 $ 465,472 Acquisition costs deferred 3,731,169 2,469,557 Amortization of deferred policy acquisition costs (2,894,373 ) (2,343,076 ) Balance, end of period $ 1,335,685 $ 591,953

Note 11 - Segment Data (Tables)

Note 11 - Segment Data (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Revenue from External Customers by Geographic Areas [Table Text Block]	Three Months Ended March 31 2017 2016 Canada $ 349,401 $ 519,127 Bermuda 434,472 (143,241 ) United States 639,548 29,820 Total $ 1,423,421 $ 405,706

Note 1 - Basis of Presentatio30

Note 1 - Basis of Presentation (Details Textual)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Canada, Dollars
Foreign Currency Exchange Rate, Translation	1.331	1.3427	1.2968

Note 1 - Basis of Presentatio31

Note 1 - Basis of Presentation - Foreign Exchange Rates (Details) - Canada, Dollars	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Exchange rate comparisons at period end	1.331	1.2968	1.3427
Average exchange rate for the period	1.3238	1.3733

Note 3 - Assets Held-for-sale32

Note 3 - Assets Held-for-sale (Details Textual) - USD ($)	1 Months Ended
	Jan. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2015
Assets		$ 63,473,543	$ 46,019,102
SPD Gave 100% of Ownership of SMC to Till's 100% Owned Subsidiary, Golden Predator US Holding Corp. , In Exchange for Release Of Related Party Debt [Member]
Noncontrolling Interest, Period Increase (Decrease)	$ (1,000,000)
Silver Predator Corp. [Member]
Assets		$ 0	$ 0
Resource Re Ltd. [Member]
Percentage of Ownership				100.00%
Silver Predator Corp. [Member]
Percentage of Ownership				64.00%
Springer Mining Company [Member] | Silver Predator Corp. [Member]
Percentage of Ownership Exchange for Release of Related Party Debt	100.00%
Golden Predator US Holding Corp. [Member]
Percentage of Ownership	100.00%

Note 3 - Assets Held-for-sale -

Note 3 - Assets Held-for-sale - Assets Held-for-sale (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Cash, accounts receivable, and prepaid expenses	$ 28,351	$ 23,399
Reclamation bonds	32,401	32,401
Mineral properties	488,871	488,871
Property, plant, and equipment	3,998,568	3,998,568
Total	$ 4,548,191	$ 4,543,239

Note 4 - Promissory Note Rece34

Note 4 - Promissory Note Receivable (Details Textual)	Jun. 01, 2019USD ($)	Jun. 01, 2018CAD	Mar. 31, 2017USD ($)	Mar. 31, 2017CAD	May 25, 2016USD ($)	May 25, 2016CAD	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Jun. 01, 2017	Mar. 31, 2017CAD	Jun. 01, 2016
Proceeds from Note Receivable, Financing Activities							$ 913,879
Promissory Note Receivable from Golden Predator Mining Corp. [Member]
Note Receivable, Face Amount			$ (2,570,950)				$ (2,570,950)			CAD 3,753,332
Note Receivable, Interest Rate											6.00%
Proceeds from Note Receivable, Financing Activities			$ 913,879	CAD 1,216,373	$ 546,545	CAD 717,450
Promissory Note Receivable from Golden Predator Mining Corp. [Member] | Shares of Golden Predator Exploration, Ltd. [Member]
Note Receivable, Collateral Pledged, Equity Securities, Percentage of Shares			100.00%				100.00%			100.00%
Promissory Note Receivable from Golden Predator Mining Corp. [Member] | Scenario, Forecast [Member]
Note Receivable, Interest Rate	12.00%	10.00%							8.00%
Proceeds from Note Receivable, Financing Activities	$ 1,232,000	CAD 1,348,932

Note 4 - Promissory Note Rece35

Note 4 - Promissory Note Receivable - Promissory Note Receivable (Details)	3 Months Ended
	Mar. 31, 2017USD ($)
Fair value of note at December 31, 2016	$ 2,410,494
Payment on March 31, 2017	(913,879)
Foreign exchange loss	(32,024)
Carrying value, March 31, 2017	$ 1,464,591

Note 5 - Investments (Details T

Note 5 - Investments (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 17, 2016
Trading Securities, Realized Gain (Loss)	$ 254,505	$ 147,179
A Limited Liability Company [Member]
Loans Receivable from Equity Method Investment, Interest Rate			15.00%
Loan Receivable from Equity Method Investment, Alternative Payment Method, Amount Per Membership Inerest			$ 7
Other Assets [Member] | A Limited Liability Company [Member]
Loans Receivable from Equity Method Investment, Principal Amount			$ 400,000
Loans Receivable from Equity Method Investment and Accrued Interest	$ 416,767		$ 401,973

Note 5 - Investments - Amortize

Note 5 - Investments - Amortized Cost and Fair Value by Major Investment Category (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Trading Securities, Cost	$ 1,332,949	$ 2,471,692
Trading Securities, Unrealized Holding Gain	197,772	4,515
Trading Securities, Unrealized Holding Loss	22,648	530,225
Trading Securities	1,508,073	1,945,982
Available-for-sale Securities, Amortized Cost Basis	12,606,760	12,917,868
Available-for-sale Securities, Unrealized Gain	158,174	720,264
Available-for-sale Securities, Unrealized Loss	53,545	63,340
Available-for-sale Securities	12,711,389	13,574,792
Marketable Securities, Amortized Cost	13,939,709	15,389,560
Marketable Securities, Unrealized Gain	355,946	724,779
Marketable Securities, Unrealized Loss	76,193	593,565
Marketable Securities	14,219,462	15,520,774
Equity Securities, Natural Resource Sector [Member]
Trading Securities, Cost	278,873	642,914
Trading Securities, Unrealized Holding Gain	71,956	4,515
Trading Securities, Unrealized Holding Loss	17,933	134,536
Trading Securities	332,896	512,893
Available-for-sale Securities, Amortized Cost Basis	102,397	335,267
Available-for-sale Securities, Unrealized Gain	79,304	661,555
Available-for-sale Securities, Unrealized Loss	17,201	14,895
Available-for-sale Securities	164,500	981,927
Canadian Government Bonds and Provincial Bonds [Member]
Available-for-sale Securities, Amortized Cost Basis	8,002,395	8,114,813
Available-for-sale Securities, Unrealized Gain	78,870	58,709
Available-for-sale Securities, Unrealized Loss		6
Available-for-sale Securities	8,081,265	8,173,516
Equity Securities, All Other Sectors [Member]
Trading Securities, Cost	1,054,076	1,828,778
Trading Securities, Unrealized Holding Gain	125,816
Trading Securities, Unrealized Holding Loss	4,715	395,689
Trading Securities	1,175,177	1,433,089
Equity Securities, Bond Funds [Member]
Available-for-sale Securities, Amortized Cost Basis	4,501,968	4,467,788
Available-for-sale Securities, Unrealized Gain
Available-for-sale Securities, Unrealized Loss	36,344	48,439
Available-for-sale Securities	$ 4,465,624	$ 4,419,349

Note 5 - Investments - Net Real

Note 5 - Investments - Net Realized Gain (losses) from Sale of Available-for-sale Investment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Available-for-sale Securities, Gross Realized Gains	$ 1,001,496	$ 253,373
Available-for-sale Securities, Sold at Gain, Fair Value	1,335,452	427,536
Available-for-sale Securities, Gross Realized Losses		(16,958)
Available-for-sale Securities, Sold at Loss, Fair Value		116,864
Available-for-sale Securities, Gross Realized Gain (Loss)	1,001,496	236,415
Available-for-sale Securities, Sold, Fair Value	1,335,452	544,400
Equity Securities [Member]
Available-for-sale Securities, Gross Realized Gains	1,001,496	253,373
Available-for-sale Securities, Sold at Gain, Fair Value	1,335,452	427,536
Available-for-sale Securities, Gross Realized Losses		(16,958)
Available-for-sale Securities, Sold at Loss, Fair Value		$ 116,864

Note 5 - Investments - Investme

Note 5 - Investments - Investments Classified by Contractual Maturity (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Due in one year or less, amortized cost	$ 3,323,143	$ 2,063,193
Due in one year or less, amortized cost, percent of total	27.00%	16.00%
Due in one year or less, fair value	$ 3,330,249	$ 2,064,575
Due in one year or less, fair value, percent of total	27.00%	16.00%
Due after one year through five years, amortized cost	$ 7,182,003	$ 8,309,375
Due after one year through five years, amortized cost, percent of total	57.00%	66.00%
Due after one year through five years, fair value	$ 7,195,927	$ 8,315,177
Due after one year through five years, fair value, percent of total	57.00%	66.00%
Due after five years through 10 years, amortized cost	$ 1,999,217	$ 2,210,033
Due after five years through 10 years, amortized cost, percent of total	16.00%	18.00%
Due after five years through 10 years, fair value	$ 2,020,713	$ 2,213,113
Due after five years through 10 years, fair value, percent of total	16.00%	18.00%
Due after ten years, amortized cost
Due after ten years, amortized cost, percent of total
Due after ten years, fair value
Due after ten years, fair value, percent of total
Total, amortized cost	$ 12,504,363	$ 12,582,601
Amortized cost, percent of total	100.00%	100.00%
Total, fair value	$ 12,546,889	$ 12,592,865
Fair value, percent of total	100.00%	100.00%

Note 5 - Investments - Net Chan

Note 5 - Investments - Net Change in Unrealized Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Included in accumulated other comprehensive income	$ (552,295)	$ 375,938
Canadian Government Bonds and Provincial Bonds [Member]
Included in accumulated other comprehensive income	(80,217)	89,195
Equity Securities, Bond Funds [Member]
Included in accumulated other comprehensive income	12,095	(13,689)
Equity Securities [Member]
Included in accumulated other comprehensive income	$ (484,173)	$ 300,432

Note 5 - Investments - Invest41

Note 5 - Investments - Investment Income (Expense) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net interest and dividends	$ 129,028	$ 124,353
Investment related expenses	(419,678)	(154,595)
Total	$ (290,650)	$ (30,242)

Note 5 - Investments - Invest42

Note 5 - Investments - Investment Income (Loss), Net (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net gain on held for trading securities	$ 254,505	$ 147,179
Net realized gain on available for sale securities	1,001,496	236,415
Change in unrealized loss on derivative liability		(308,064)
Net investment expense	(290,650)	(30,242)
Total	$ 965,351	$ 45,288

Note 5 - Investments - Assets M

Note 5 - Investments - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Investments	$ 14,219,462	$ 15,520,774
Fair Value, Measurements, Recurring [Member]
Investments	14,219,462	15,520,774
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments	5,871,348	7,114,294
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments	8,348,114	8,406,480
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments
Canadian Government Bonds and Provincial Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Investments	12,546,889	12,592,865
Canadian Government Bonds and Provincial Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments	4,465,625	4,419,349
Canadian Government Bonds and Provincial Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments	8,081,264	8,173,516
Canadian Government Bonds and Provincial Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Investments	1,672,573	2,927,909
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments	1,405,723	2,694,945
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments	266,850	232,964
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments

Note 5 - Investments - Unrealiz

Note 5 - Investments - Unrealized Investment Losses on Available-for-sale Investments by Investment Class (Details)	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year		1
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		$ 4,759
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 2,308,626
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	3	1
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 53,545	$ 1,779
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	$ 4,630,125	$ 15,423
Equity Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	2
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 36,344
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	$ 4,465,625
Equity Securities, Natural Resource Sector [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	1	1
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 17,201	$ 1,779
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	$ 164,500	$ 15,423
Equity Securities, Bond Funds [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year		1
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		$ 4,759
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 2,308,626
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value

Note 5 - Investments - Equity I

Note 5 - Investments - Equity Investment in Limited Liability Company (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance, beginning of period	$ 1,248,491
Share of accumulated equity method losses	(15,686)	$ (8,581)
Balance, end of period	1,232,805
A Limited Liability Company [Member]
Balance, beginning of period	1,248,491	1,089,570
Additional investments		219,179
Share of accumulated equity method losses	(15,686)	(60,258)
Balance, end of period	$ 1,232,805	$ 1,248,491
Till's ownership percentage	3.59%	3.59%

Note 6 - Unpaid Losses, Loss 46

Note 6 - Unpaid Losses, Loss Adjustment Expenses, and Amounts Ceded - Summary of Changes in Outstanding Losses and Loss Adjustment Expenses ("LAE") and Amounts Ceded (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance, beginnin of period, unpaid losses and LAE	$ 13,212,366	$ 14,539,623
Current period, unpaid losses and LAE	5,838,829	4,646,918
Prior periods, unpaid losses and LAE	1,548,754	1,639,076
Total incurred, unpaid losses and LAE	7,387,583	6,285,994
Current period events, unpaid losses and LAE	(5,678,881)	(4,469,014)
Prior period events, unpaid losses and LAE	(1,365,872)	(1,915,472)
Total paid, unpaid losses and LAE	(7,044,753)	(6,384,486)
Adjustment due to currency conversion, unpaid losses and LAE	141,799	1,115,580
Balance, end of period, unpaid losses and LAE	13,696,995	15,556,711
Balance, beginning of period, unpaid losses and LAE, amount ceded	7,058,004	7,304,975
Current period, unpaid losses and LAE, amount ceded	5,825,146	4,630,575
Prior periods, unpaid losses and LAE, amount ceded	1,244,406	1,444,081
Total incurred, unpaid losses and LAE, amount ceded	7,069,552	6,074,656
Current period events, unpaid losses and LAE, amount ceded	(5,678,881)	(4,469,014)
Prior period events, unpaid losses and LAE, amount ceded	(1,055,842)	(1,356,778)
Total paid, unpaid losses and LAE, amount ceded	(6,734,723)	(5,825,792)
Adjustment due to currency conversion, unpaid losses and LAE, amount ceded	65,198	564,831
Balance, end of period, unpaid losses and LAE, amount ceded	7,458,031	8,118,670
Balance, beginning of period, unpaid losses and LAE, net	6,154,362	7,234,648
Current period, unpaid losses and LAE, net	13,683	16,343
Prior periods, unpaid losses and LAE, net	304,348	194,995
Total incurred, unpaid losses and LAE, net	318,031	211,338
Current period events, unpaid losses and LAE, net
Prior period events, unpaid losses and LAE, net	(310,030)	(558,694)
Total paid, unpaid losses and LAE, net	(310,030)	(558,694)
Adjustment due to currency conversion, unpaid losses and LAE, net	76,601	550,749
Balance, end of period, unpaid losses and LAE, net	$ 6,238,964	$ 7,438,041

Note 6 - Unpaid Losses, Loss 47

Note 6 - Unpaid Losses, Loss Adjustment Expenses, and Amounts Ceded - Written Premiums and Earned Premiums (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Insurance premiums written	$ 19,833,312	$ 9,942,138
Assumed, premiums written	4,485
Ceded, premiums written	(18,434,476)	(9,617,102)
Net premiums written	1,398,836	325,036
Direct, change in unearned premiums	(8,584,383)	(1,355,512)
Assumed, change in unearned premiums
Ceded, change in unearned premiums	7,478,947	1,178,120
Net increase	(1,105,436)	(177,392)
Direct, premiums earned	11,244,444	8,586,626
Assumed, premiums earned	4,485
Ceded, premiums earned	(10,955,529)	(8,438,982)
Net premiums earned	$ 293,400	$ 147,644

Note 7 - Unearned Premiums - Su

Note 7 - Unearned Premiums - Summary of Changes in Unearned Premiums and Unearned Premiums Ceded (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance, beginning of period, unearned premiums	$ 2,283,118	$ 2,432,468
Premiums written, unearned premiums	19,833,312	9,942,138
Premiums earned, unearned premiums	(11,282,390)	(8,995,486)
Adjustment due to currency conversion, unearned premiums	(40,871)	400,847
Balance, end of period, unearned premiums	10,793,169	3,779,967
Balance, beginning of period	1,614,803	1,615,977
Premiums written, unearned premiums ceded	18,434,476	9,617,102
Premiums earned, unearned premiums ceded	(10,955,529)	(8,768,201)
Adjustment due to currency conversion	(26,262)	369,064
Balance, end of period	9,067,488	2,833,942
Balance, beginning of period, net	668,315	816,491
Premiums written, net	1,398,836	325,036
Premiums earned, net	(326,861)	(227,285)
Adjustment due to currency conversion, net	(14,609)	31,783
Balance, end of period, net	$ 1,725,681	$ 946,025

Note 8 - Deferred Policy Acqu49

Note 8 - Deferred Policy Acquisition Costs - Deferred Policy Acquisition Costs (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance, beginning of period	$ 498,889	$ 465,472
Acquisition costs deferred	3,731,169	2,469,557
Amortization of deferred policy acquisition costs	(2,894,373)	(2,343,076)
Balance, end of period	$ 1,335,685	$ 591,953

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Current Income Tax Expense (Benefit)	$ 10,946	$ 55,761
Deferred Income Tax Expense (Benefit)	(46,449)	(82,736)
Foreign Tax Authority [Member] | Canada Revenue Agency [Member]
Current Income Tax Expense (Benefit)	$ 10,946	$ 55,761
Estimated Annual Effective Tax Rate	29.70%	26.70%
Deferred Income Tax Expense (Benefit)	$ (46,449)	$ (82,736)

Note 10 - Income (Loss) Per S51

Note 10 - Income (Loss) Per Share (Details Textual) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	119,952	119,952
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	179,500	179,500

Note 11 - Segment Data - Revenu

Note 11 - Segment Data - Revenue Attributed to Geographical Areas (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues	$ 1,423,421	$ 405,706
CANADA
Revenues	349,401	519,127
BERMUDA
Revenues	434,472	(143,241)
UNITED STATES
Revenues	$ 639,548	$ 29,820

Note 12 - Related Party Discl53

Note 12 - Related Party Disclosures (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accounting and Corporate Communications Services [Member] | Silver Predator Corp. [Member]
Related Party Transaction, Amounts of Transaction	$ 9,000	$ 9,000

Note 13 - Capital Management (D

Note 13 - Capital Management (Details Textual) CAD in Millions	Mar. 31, 2017USD ($)	Mar. 31, 2017CAD	Dec. 31, 2016USD ($)	Dec. 31, 2016CAD
RRL [Member]
Capital Required for Capital Adequacy	$ 1,000,000
Required Minimum General Business Solvency Margin	$ 1,000,000
Minimum Allowable Ratio	75.00%	75.00%
Relevant Assets	$ 12,800,000		$ 16,800,000
Relevant Liabilities	545,408		161,988
Omega Insurance Holdings Inc. [Member]
Capital Required for Capital Adequacy	$ 1,900,000	CAD 2.5	1,400,000	CAD 1.9
Minimum Capital Test, Percentage, Minimum Expection	100.00%	100.00%
Minimum Capital Test, Percentage, Supervisory Target	150.00%	150.00%
Capital	$ 6,900,000	CAD 9.2	$ 7,000,000	CAD 9.4
Minimum Capital Test, Percentage	367.00%	367.00%	499.00%	499.00%

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) - Subsequent Event [Member] - USD ($)	Apr. 11, 2017	Apr. 03, 2017
Golden Predator US Holding Corp. [Member]
Proceeds from Sale, Maturity and Collection of Investments	$ 1,160,000
Gain (Loss) on Sale of Investments	$ 1,000,000
Business Acquisition of Montego Resource, Inc. [Member]
Options Agreement, Expect Cash Payment Over Three Years Period		$ 1,200,000
Option Agreement, Share Receive Over Three Years Period		2,500,000
Option Agreement, Expect Expend Costs		$ 700,000