ICC (ICCH) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 09, 2017
Document And Entity Information
Entity Registrant Name	ICC Holdings, Inc.
Entity Central Index Key	1,681,903
Trading Symbol	ICCH
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		3,165,003

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Available for sale securities, at fair value
Fixed maturity securities (amortized cost - $85,067,335 at 9/30/2017 and $62,929,091 at 12/31/2016)		$ 87,040,384	$ 64,134,023
Available for sale securities		15,049,861	9,780,960
Property held for investment, at cost, net of accumulated depreciation of $103,080 at 9/30/2017 and $50,948 at 12/31/2016		2,865,376	2,207,424
Cash and cash equivalents		6,853,760	4,376,847
Total investments and cash		111,809,381	80,499,254
Accrued investment income		715,950	524,156
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $50,000 at 9/30/2017 and 12/31/2016		18,219,138	17,479,487
Ceded unearned premiums		297,127	270,751
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 at 9/30/2017 and 12/31/2016		11,640,539	12,114,998
Federal income taxes		1,217,921	1,037,506
Deferred policy acquisition costs, net		4,556,116	4,162,927
Property and equipment, at cost, net of accumulated depreciation of $4,747,641 at 9/30/2017 and $4,308,247 at 12/31/2016		3,564,286	3,719,535
Other assets		1,138,907	2,351,347
Total assets		153,159,365	122,159,961
Liabilities:
Unpaid losses and settlement expenses		52,551,866	52,817,254
Unearned premiums		26,789,274	24,777,712
Reinsurance balances payable		179,000	109,790
Corporate debt		4,454,138	3,786,950
Accrued expenses		4,072,007	4,827,042
Other liabilities		1,371,653	2,241,003
Total liabilities		89,417,938	88,559,751
Equity:
Common stock	[1]	35,000
Additional paid-in capital		32,296,455
Accumulated other comprehensive earnings, net of tax		2,048,763	1,154,175
Retained earnings		32,711,173	32,446,035
Less: Unearned Employee Stock Ownership Plan shares at cost	[2]	(3,349,964)
Total equity		63,741,427	33,600,210
Total liabilities and equity		153,159,365	122,159,961
Common Stock [Member]
Available for sale securities, at fair value
Available for sale securities	[3]	11,264,700	6,982,547
Preferred Stock [Member]
Available for sale securities, at fair value
Available for sale securities		$ 3,785,161	$ 2,798,413
[1]	Par value $0.01; authorized: 2017 - 10,000,000 shares and 2016 - 0 shares; issued: 2017 - 3,500,000 and 2016 - 0 shares; outstanding: 2017 - 3,165,003 and 2016 - 0 shares.
[2]	2017 -334,997 shares and 2016 - 0 shares
[3]	Common stock securities consist of exchange trade funds (ETF) made up primarily of Dividends Select and the S&P 500.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Fixed maturity securities, cost or amortized cost	$ 85,067,335	$ 62,929,091
Equity securities, cost or amortized cost	13,918,723	9,237,142
Property held for investment, accumulated depreciation	103,080	50,948
Premiums and reinsurance balances receivable, allowances for uncollectible amounts	50,000	50,000
Reinsurance balances recoverable on unpaid losses and settlement expenses, allowances for uncollectible amounts	0	0
Property and equipment, at cost, accumulated depreciation	$ 4,747,642	$ 4,308,247
Unearned ESOP shares (in shares)	334,997	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	0
Common stock, shares issued (in shares)	3,500,000	0
Common stock, shares outstanding (in shares)	3,165,003	0
Common Stock [Member]
Equity securities, cost or amortized cost	$ 10,247,724	$ 6,311,708
Preferred Stock [Member]
Equity securities, cost or amortized cost	$ 3,670,999	$ 2,925,434

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2017		Sep. 30, 2016		Sep. 30, 2017		Sep. 30, 2016
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]
Net premiums earned	$ 11,191,448		$ 10,848,363		$ 32,740,312		$ 31,694,591
Net investment income	688,134		663,111		1,849,421		1,433,005
Net realized investment (losses) gains	(1,833)		93,561		442,945		231,779
Other-than-temporary impairment losses			(212,731)		(57,316)		(212,731)
Other income	48,667		28,058		197,647		103,919
Consolidated revenues	11,926,416		11,420,362		35,173,009		33,250,563
Losses and settlenment expenses	8,063,401		6,154,162		21,527,043		18,711,078
Policy acquisition costs and other operating expenses	4,344,129		4,254,640		12,799,079		11,797,914
Interest expense on debt	64,810		48,563		174,349		140,185
General corporate expenses	183,540		137,109		451,660		336,581
Total expenses	12,655,880		10,594,474		34,952,131		30,985,758
(Loss) earnings before income taxes	(729,464)		825,888		220,878		2,264,805
Total income tax (benefit) expense	(380,681)		130,920		(44,260)		679,270
Net (loss) earnings	(348,783)		694,968		265,138		1,585,535
Other comprehensive earnings, net of tax	297,680		93,301		894,588		1,912,733
Comprehensive (loss) earnings	$ (51,103)		$ 788,269		$ 1,159,726		$ 3,498,268
Basic:
Basic net (loss) earnings per share	$ (0.11)	[1]	$ 0.22	[1]	$ 0.08	[2]	$ 0.50	[2]
Diluted:
Diluted net (loss) earnings per share	$ (0.11)	[1]	$ 0.22	[1]	$ 0.08	[2]	$ 0.50	[2]
Weighted average number of common shares outstanding:
Basic	3,160,892	[3]	3,150,000	[3]	3,154,992	[4]	3,150,000	[4]
Diluted	3,160,892	[3]	3,150,000	[3]	3,154,992	[4]	3,150,000	[4]
[1]	The unaudited pro forma earnings per share for the three months ended September 30, 2016 is provided as a basis for comparison of current period earnings.
[2]	The unaudited pro forma earnings per share for the nine months ended September 30, 2016 is provided as a basis for comparison of current period earnings.
[3]	Weighted average number of common shares outstanding for the three months ended September 30, 2016 is based on the resulting shares from the initial public offering that was completed in March 2017 and are used to calculate the pro forma earnings per share for the three months ended September 30, 2016.
[4]	Weighted average number of common shares outstanding for the nine months ended September 30, 2016 is based on the resulting shares from the initial public offering that was completed in March 2017 and are used to calculate the pro forma earnings per share for the nine months ended September 30, 2016.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows From Operating Activities
Net earnings	$ 265,138	$ 1,585,535
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities
Net realized investment gains	(442,945)	(231,779)
Other-than-temporary impairment losses	57,316	212,731
Depreciation	628,778	597,247
Deferred income tax	138,384	147,071
Amortization of bond premium and discount	228,760	171,148
Change in:
Accrued investment income	(191,794)	80,924
Premiums and reinsurance balances receivable (net)	(739,651)	(1,119,734)
Reinsurance balances payable	69,210	398,674
Ceded unearned premiums	(26,376)	(225,864)
Reinsurance balances recoverable	474,459	3,869,799
Deferred policy acquisition costs	(393,189)	(296,711)
Accrued expenses	(755,035)	91,450
Unpaid losses and settlement expenses	(265,388)	(3,881,498)
Unearned premiums	2,011,562	1,748,012
Current federal income tax	(779,648)	511,995
Other	343,091	505,701
Net cash provided by operating activities	622,672	4,164,701
Purchases of:
Fixed maturity securities, available-for-sale	(28,002,993)	(9,803,432)
Property and equipment	(422,364)	(818,476)
Property held for investment	(710,082)	(1,628,344)
Proceeds from sales, maturities and calls of:
Fixed maturity securities, available-for-sale	5,670,040	9,827,239
Property and equipment	967	98,049
Net cash (used in) investing activities	(27,794,438)	(2,600,936)
Cash flows from financing activities:
Net proceeds received from issuance of shares of common stock and ESOP expense	28,981,491
Proceeds from loan	3,499,149	500,000
Proceeds from sale leaseback		777,643
Repayments of borrowed funds	(2,831,961)	(561,926)
Demutualization costs		(829,887)
Net cash provided by (used in) financing activities	29,648,679	(114,170)
Net increase in cash and cash equivalents	2,476,913	1,449,595
Cash and cash equivalents at beginning of year	4,376,847	2,179,511
Cash and cash equivalents at end of year	6,853,760	3,629,106
Supplemental information:
Federal income tax paid	600,000
Interest paid	141,098	62,980
Common Stock [Member]
Purchases of:
Equity securities, available-for-sale	(5,900,497)	(388,740)
Proceeds from sales, maturities and calls of:
Equity securities, available-for-sale	2,154,214	1,590,088
Preferred Stock [Member]
Purchases of:
Equity securities, available-for-sale	(638,922)	$ (1,477,320)
Proceeds from sales, maturities and calls of:
Equity securities, available-for-sale	$ 55,199

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Not es to Unaudited Condensed Consolidated Financial Statements  1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  A. DESCRIPTION OF BUSINESS  ICC Holdings, Inc. is a Pennsylvania corporation that was organized in 2016. As used in this Form 10-Q, references to “the Company,” “we,” “us,” and “our” refer to the consolidated group for the period after the completion of the stock conversion and refer to ICC and its subsidiaries for the period prior to the stock conversion. On a stand-alone basis ICC Holdings, Inc is referred to as the “Parent Company.” The consolidated group consists of the holding company, ICC Holdings, Inc., an operating insurance company, Illinois Casualty Company (ICC), and ICC’s three wholly-owned subsidiaries, Beverage Insurance Agency, Inc., an inactive insurance agency, Estrella Innovative Solutions, Inc., an outsourcing company, and ICC Realty, LLC, a real estate services and holding company. ICC is an Illinois domiciled company.  ICC Holdings, Inc. was formed so that it could acquire all of the capital stock of ICC in a mutual-to-stock conversion. The plan of conversion was approved by ICC policyholders at a special meeting on March 17, 2017. Simultaneously, surplus notes totaling $1.65 million were converted into 165,000 shares of the Company’s common stock. The Company’s offering closed on March 24, 2017, and o ur Employee Stock Ownership Plan (ESOP) purchased 350,000 of the shares in the offering. In order to complete the purchase of common shares, the ESOP borrowed money from ICC. ICC Holdings, Inc. secured a loan with American Bank & Trust in March 2017 and used the proceeds to repay ICC for the money borrowed by the ESOP. On March 28, 2017, the Company’s stock began trading on the NASDAQ Capital Market under the “ICCH” ticker. The Company paid $1.0 million of underwriting fees to Griffin Financial Group, LLC. Proceeds received from the offering net of offering costs and underwriting fees was $28. 7 million.  Prior to the conversion on March 24, 2017, ICC Holdings, Inc did not engage in any operations. After the conversion, ICC Holdings, Inc’s primary assets are the outstanding capital stock of ICC and a portion of the net proceeds from the stock offering completed in connection with the mutual-to-stock conversion. On the effective date of the conversion, ICC became a wholly owned subsidiary of ICC Holdings, Inc. The mutual to stock conversion was accounted for as a change in corporate form with the historic basis of ICC’s assets, liabilities, and equity unchanged as a result. The condensed consolidated financial statements as of and for the three and nine months ended September 30, 2017, include ICC Holdings and subsidiaries. The financial statements as of December 31, 2016, as of September 30, 2016, and for the three and nine months ended September 30, 2016, represent the financial position and results of operations of ICC and its subsidiaries only, as the conversion to stock form was completed on March 24, 2017.  We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella liability coverages for the food and beverage industry through our subsidiary insurance company, ICC. ICC writes business in Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Ohio, and Wisconsin and markets through independent agents. Approximately 31.3% and 33.3% of the premium is written in Illinois for the three months ended September 30, 2017 and 2016, respectively. For the nine months ended September 30, 2017 and 2016, respectively, approximately 34.5% and 37.2% of the premium is written in Illinois. ICC has three wholly owned subsidiaries, Beverage Insurance Agency, Estrella Innovative Solutions, Inc., and ICC Realty, LLC.; however the Company operates as a single segment.  B. PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION  The unaudited condensed consolidated interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial reporting and with the instructions to Form 10-Q. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statements. As such, these unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s December 31, 2016 Annual Report on Form 10-K. The condensed consolidated balance sheet at December 31, 2016, was derived from the audited consolidated balance sheet of ICC as of that date. Management believes that the disclosures are adequate to make the information presented not misleading, and all normal and recurring adjustments necessary to present fairly the financial position at September 30, 2017, and the results of operations of the Company and its subsidiaries for all periods presented have been made. The results of operations for any interim period are not necessarily indicative of the operating results for a full year.  The preparation of the unaudited condensed consolidated interim financial statements requires management to make estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated interim financial statements, and the reported amounts of revenue and expenses during the period. These amounts are inherently subject to change and actual results could differ significantly from these estimates.  C. SIGNIFICANT ACCOUNTING POLICIES  The Company reported significant accounting policies in its Annual Report on Form 10-K for the year ended December 31, 2016. The following are new or revised disclosures.  EMPLOYEE STOCK OWNERSHIP PLAN  The Company recognizes compensation expense related to its employee stock ownership plan (ESOP) ratably during each year for the shares committed to be allocated to participants that year, determined with reference to the fair market value of our stock at the time the commitment to allocate the shares is accrued and recognized. For purposes of calculating earnings per share, the Company includes the weighted average ESOP shares committed to be released for the period. The ESOP c overs all employees who have worked a minimum of 1,000 hours in the plan year.  EARNINGS PER SHARE  Basic and diluted earnings per share (EPS) are calculated by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. The denominator for basic and diluted EPS includes ESOP shares committed to be released. The unaudited pro forma earnings per share for the three and nine months ended September 30, 2016 are provided to be used as a basis for comparison of current period earnings. The weighted average number of common shares outstanding are computed as if the resulting shares from the initial public offering, which was completed in March 2017, were outstanding for the three and nine month periods ended September 30, 2016.  D. PROSPECTIVE ACCOUNTING STANDARDS  For information regarding accounting standards that the Company has not yet adopted, see the “Prospective Accounting Standards” in Note 1 – Summary of Significant Accounting Policies in the Company’s 2016 Form 10-K. The Company maintains its status as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We have taken advantage of the extended transition period provided by Section 107 of the JOBS Act. We decided to comply with the effective dates for financial accounting standards applicable to emerging growth companies at a later date in compliance with the requirements in Sections 107(b)(2) and (3) of the JOBS Act. Such decision is irrevocable.  E. PROPERTY AND EQUIPMENT  Annually, the Company reviews the major asset classes of property and equipment held for impairment. For the periods ended September 30, 2017 and 2016, the Company recognized no impairments. Property and equipment are summarized as follows:      As of  September 30, December 31,  2017 2016  Automobiles $ 766,552 $ 668,794  Furniture and fixtures 415,610 516,318  Computer equipment and software 3,373,225 3,151,676  Home office 3,756,541 3,690,994  Total cost 8,311,928 8,027,782  Accumulated depreciation (4,747,642) (4,308,247)  Net property and equipment $ 3,564,286 $ 3,719,535  F. COMPREHENSIVE EARNINGS  Comprehensive earnings include net earnings plus unrealized gains and losses on available-for-sale investment securities, net of tax. In reporting the components of comprehensive earnings on a net basis in the statement of earnings, the Company used a 3 4% tax rate.  The following table illustrates the components of other comprehensive earnings for each period presented in the condensed consolidated interim financial statements.      Three-Month Periods Ended September 30,  2017 2016  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding (losses) gains arising during the period $ 449,199 $ (152,728) $ 296,471 $ 22,196 $ (7,547) $ 14,649  Reclassification adjustment for (gains) losses included in net earnings 1,833 (624) 1,209 119,170 (40,518) 78,652  Total other comprehensive (loss) earnings $ 451,032 $ (153,352) $ 297,680 $ 141,366 $ (48,065) $ 93,301        Nine-Month Periods Ended September 30,  2017 2016  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding gains (losses) arising during the period $ 1,741,067 $ (591,963) $ 1,149,104 $ 2,917,129 $ (991,824) $ 1,925,305  Reclassification adjustment for (gains) losses included in net earnings (385,629) 131,113 (254,516) (19,048) 6,476 (12,572)  Total other comprehensive earnings (loss) $ 1,355,438 $ (460,850) $ 894,588 $ 2,898,081 $ (985,348) $ 1,912,733  The following table provides the reclassifications out of accumulated other comprehensive earnings for the periods presented:      Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Details about Accumulated Other Three-Months Ended September 30, Nine-Month Periods Ended September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2017 2016 2017 2016 where Net Earnings is Presented  Unrealized gains (losses) on AFS investments:  $ 1,833 $ (93,561) $ (442,945) $ (231,779) Net realized investment gains  — 212,731 57,316 212,731 Other-than-temporary impairment losses  (624) (40,518) 131,113 6,476 Income tax expense  Total reclassification adjustment, net of tax $ 1,209 $ 78,652 $ (254,516) $ (12,572)

Investments

Investments	9 Months Ended
	Sep. 30, 2017
Investments [Abstract]
Investments	2. INVESTMENTS  The Company’s investments include fixed income debt securities and common and preferred stock equity securities. All of the Company’s investments are presented as available-for-sale (AFS), which are carried at fair value. When available, quoted market prices are obtained to determine fair value for the Company’s investments. If a quoted market price is not available, fair value is estimated using a secondary pricing source or using quoted market prices of similar securities. The Company has no investment securities for which fair value is determined using Level 3 inputs as defined in Note 3 – Fair Value Disclosures . Realized gains and losses on disposition of investments are based on specific identification of the investments sold on the settlement date, which does not differ significantly from trade date accounting.  The following is a summary of the proceeds from sales, maturities, and calls of available-for-sale securities and the related gross realized gains and losses for the nine-months ended September 30, 2017 and 2016.      For the Nine-Months Ended Ended September 30,  Net realized  Proceeds Gains Losses gain  2017  Fixed maturity securities $ 5,670,040 $ 29,328 $ (21) $ 29,307  Common stocks 2,154,214 415,471 (2,752) 412,719  Preferred stocks 55,199 919 — 919  2016  Fixed maturity securities $ 9,827,239 $ 155,428 $ (3,732) $ 151,696  Equity securities $ 1,590,088 $ 80,083 $ — $ 80,083    The amortized cost and estimated fair value of fixed income securities at September 30, 2017, by contractual maturity, are shown as follows:      Amortized Cost Fair Value  Due in one year or less $ 2,001,464 $ 2,004,240  Due after one year through five years 19,220,500 19,783,690  Due after five years through 10 years 14,618,497 15,344,456  Due after 10 years 19,339,597 19,990,535  Asset and mortgage backed securities without a specific due date 29,887,277 29,917,463  Total fixed maturity securities $ 85,067,335 $ 87,040,384  Expected maturities may differ from contractual maturities due to call provisions on some existing securities.  The following table is a schedule of cost or amortized cost and estimated fair values of investments in fixed income and equity securities as of Septembeeer 30, 2017 and December 31, 2016:       Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2017  Fixed maturity securities:  U.S. treasury $ 1,346,253 $ 1,343,760 $ 1,912 $ (4,405)  MBS/ABS/CMBS 29,887,277 29,917,463 216,031 (185,845)  Corporate 30,546,761 31,657,013 1,128,163 (17,911)  Municipal 23,287,044 24,122,148 870,229 (35,125)  Total fixed maturity securities 85,067,335 87,040,384 2,216,335 (243,286)  Equity securities:  Common stocks 10,247,724 11,264,700 1,024,776 (7,800)  Preferred stocks 3,670,999 3,785,161 142,736 (28,574)  Total equity securities 13,918,723 15,049,861 1,167,512 (36,374)  Total AFS securities $ 98,986,058 $ 102,090,245 $ 3,383,847 $ (279,660)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2016  Fixed maturity securities:  U.S. treasury $ 1,244,542 $ 1,241,125 $ 2,527 $ (5,944)  MBS/ABS/CMBS 19,751,138 19,677,200 183,175 (257,113)  Corporate 27,593,568 28,344,907 842,782 (91,443)  Municipal 14,339,843 14,870,791 665,790 (134,842)  Total fixed maturity securities 62,929,091 64,134,023 1,694,274 (489,342)  Equity securities:  Common stocks 6,311,708 6,982,547 704,768 (33,929)  Preferred stocks 2,925,434 2,798,413 5,425 (132,446)  Total equity securities 9,237,142 9,780,960 710,193 (166,375)  Total AFS securities $ 72,166,233 $ 73,914,983 $ 2,404,467 $ (655,717)  Included within MBS/ABS/CMBS, as defined in Note 3 – Fair Value Disclosures, are residential mortgage backed securities with fair values of $14,092,583 and $10,288,405 and commercial mortgage backed securities of $7 ,529,511 and $7,6 00,109 at September 30, 2017 and December 31, 2016, respectively. ANALYSIS  The following table is also used as part of the impairment analysis and displays the total value of securities that were in an unrealized loss position as of September 30, 2017, and December 31, 2016. The table segregates the securities based on type, noting the fair value, cost (or amortized cost), and unrealized loss on each category of investment as well as in total. The table further classifies the securities based on the length of time they have been in an unrealized loss position.      September 30, 2017 December 31, 2016  12 Mos 12 Mos  < 12 Mos. & Greater Total < 12 Mos. & Greater Total  U.S. Treasury  Fair value $ 995,313 $ — $ 995,313 $ 993,576 $ — $ 993,576  Cost or Amortized cost 999,718 — 999,718 999,520 — 999,520  Unrealized Loss (4,405) — (4,405) (5,944) — (5,944)   MBS/ABS/CMBS  Fair value 9,212,756 2,075,299 11,288,055 10,712,987 322,641 11,035,628  Cost or Amortized cost 9,316,739 2,157,161 11,473,900 10,968,840 323,901 11,292,741  Unrealized Loss (103,983) (81,862) (185,845) (255,853) (1,260) (257,113)   Corporate  Fair value 1,571,361 1,983,352 3,554,713 5,476,442 984,115 6,460,557  Cost or Amortized cost 1,574,106 1,998,518 3,572,624 5,552,624 999,376 6,552,000  Unrealized Loss (2,745) (15,166) (17,911) (76,182) (15,261) (91,443)   Municipal  Fair value 1,396,750 858,505 2,255,255 2,995,362 — 2,995,362  Cost or Amortized cost 1,406,640 883,740 2,290,380 3,130,204 — 3,130,204  Unrealized Loss (9,890) (25,235) (35,125) (134,842) — (134,842)   Subtotal, fixed income  Fair value 13,176,180 4,917,156 18,093,336 20,178,367 1,306,756 21,485,123  Cost or Amortized cost 13,297,203 5,039,419 18,336,622 20,651,188 1,323,277 21,974,465  Unrealized Loss (121,023) (122,263) (243,286) (472,821) (16,521) (489,342)   Common Stock  Fair value 647,000 — 647,000 — 445,872 445,872  Cost or Amortized cost 654,800 — 654,800 — 479,801 479,801  Unrealized Loss (7,800) — (7,800) — (33,929) (33,929)   Preferred Stock  Fair value 643,660 425,875 1,069,535 2,328,345 — 2,328,345  Cost or Amortized cost 662,025 436,084 1,098,109 2,460,791 — 2,460,791  Unrealized Loss (18,365) (10,209) (28,574) (132,446) — (132,446)   Total  Fair value 14,466,840 5,343,031 19,809,871 22,506,712 1,752,628 24,259,340  Cost or amortized cost 14,614,028 5,475,503 20,089,531 23,111,979 1,803,078 24,915,057  Unrealized Loss $ (147,188) $ (132,472) $ (279,660) $ (605,267) $ (50,450) $ (655,717)  As of September 30, 2017, the Company held 9 common stock and preferred stock securities in an unrealized loss position. Of these 9 securiti es, three have been in an unrealized loss position for 12 consecutive months or longer and represent $10,209 in unrealized losses. As of December 31, 2016, the Company held 21 equity securities that were in unrealized loss positions. Of these 21 securities, two were in an unrealized loss position for 12 consecutive months or longer and represented $33,929 in unrealized losses.  The fixed income portfolio contained 45 securities in an unrealized loss position as of September 30, 2017. Of these 45 securities, 11 have been in an unrealized loss position for 12 consecutive months or longer and represent $122,263 in unrealized losses. All fixed income securities in the investment portfolio continue to pay the expected coupon payments under the contractual terms of the securities. Credit-related impairments on fixed income securities that we do not plan to sell, and for which we are not more likely than not to be required to sell, are recognized in net earnings. Any non-credit related impairment is recognized in comprehensive earnings. Based on management’s analysis, the fixed income portfolio is of a high credit quality and it is believed it will recover the amortized cost basis of the fixed income securities. Management monitors the credit quality of the fixed income investments to assess if it is probable that the Company will receive its contractual or estimated cash flows in the form of principal and interest. For the nine months ended September 30, 2017, the Company recognized in net earnings $57,316 of other-than-temporary impairment (OTTI) losses on an ETF included in common stock that was impaired during the second quarter of 2017 and subsequently sold in the third quarter of 2017. During the first nine months of 2016, the Company recognize d $205,834 of OTTI on one common stock security and $6,897 of OTTI on one fixed income security . For all fixed income securities at a loss at September 30, 2017, management believes it is probable the Company will receive all contractual payments in the form of principal and interest. In addition, the Company is not required to, nor does it intend to sell these investments prior to recovering the entire amortized cost basis of each security, which may be maturity. Management does not consider these investments to be other-than-temporarily impaired at September 30, 2017. Based on managent’s analysis, it was concluded that the fixed maturity securities in an unrealized loss position were not other-than-temporarily impared at September 30, 2017 and December 31, 2016.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures	3. FAIR VALUE DISCLOSURES  Fair value is defined as the price in the principal market that would be received for an asset to facilitate an orderly transaction between market participants on the measurement date. The fair value of certain financial instruments is determined based on their underlying characteristics and relevant transactions in the marketplace. GAAP guidance requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance also describes three levels of inputs that may be used to measure fair value.  The following are the levels of the fair value hierarchy and a brief description of the type of valuation inputs that are used to establish each level:  · Level 1 is applied to valuations based on readily available, unadjusted quoted prices in active markets for identical assets.  · Level 2 is applied to valuations based upon quoted prices for similar assets in active markets, quoted prices for identical or similar assets in inactive markets; or valuations based on models where the significant inputs are observable (e.g. interest rates, yield curves, prepayment speeds, default rates, loss severities) or can be corroborated by observable market data.  · Level 3 is applied to valuations that are derived from techniques in which one or more of the significant inputs are unobservable. Financial assets are classified based upon the lowest level of significant input that is used to determine fair value.  As a part of the process to determine fair value, management utilizes widely recognized, third-party pricing sources to determine fair values. Management has obtained an understanding of the third-party pricing sources’ valuation methodologies and inputs. The following is a description of the valuation techniques used for financial assets that are measured at fair value, including the general classification of such assets pursuant to the fair value hierarchy.  Corporate, Agencies, and Municipal Bonds— The pricing vendor employs a multi-dimensional model which uses standard inputs including (listed in order of priority for use) benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, market bids/offers and other reference data. The pricing vendor also monitors market indicators, as well as industry and economic events. All bonds valued using these techniques are classified as Level 2. All Corporate, Agencies, and Municipal securities are deemed Level 2.  Mortgage-backed Securities (MBS)/Collateralized Mortgage Obligations (CMO) and Asset-backed Securities (ABS)— The pricing vendor evaluation methodology includes principally interest rate movements and new issue data. Evaluation of the tranches (non-volatile, volatile, or credit sensitivity) is based on the pricing vendors’ interpretation of accepted modeling and pricing conventions. This information is then used to determine the cash flows for each tranche, benchmark yields, pre-payment assumptions and to incorporate collateral performance. To evaluate CMO volatility, an option adjusted spread model is used in combination with models that simulate interest rate paths to determine market price information. This process allows the pricing vendor to obtain evaluations of a broad universe of securities in a way that reflects changes in yield curve, index rates, implied volatility, mortgage rates, and recent trade activity. MBS/CMO and ABS with corroborated and observable inputs are classified as Level 2. All MBS/CMO and ABS holdings are deemed Level 2.  U.S. Treasury Bonds, Common Stocks and Exchange Traded Funds— U.S. treasury bonds and exchange traded equities have readily observable price levels and are classified as Level 1 (fair value based on quoted market prices). All common stock holdings are deemed Level 1.  Preferred Stock— Preferred stocks do not have readily observable prices, but do have quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets in markets that are not active; and inputs other than quoted prices and are classified as Level 2. All preferred stock holdings are deemed Level 2.  Due to the relatively short-term nature of cash, cash equivalents, and the mortgage on the home office, their carrying amounts are reasonable estimates of fair value. Reported in Note 4–Debt , the surplus notes, capital lease obligations, and other debt obligations are carried at face value and given that there is no readily available market for these to trade in, management believes that face value accurately reflects fair value. Cash and cash equivalents are classified as Level 1 of the hierarchy. The mortgage on the home office and the surplus notes are carried at Level 2 of the hierarchy.  Assets measured at fair value on a recurring basis as of September 30, 2017, are as summarized below:      Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,343,760 $ — $ — $ 1,343,760  MBS/ABS/CMBS — 29,917,463 — 29,917,463  Corporate — 31,657,013 — 31,657,013  Municipal — 24,122,148 — 24,122,148  Total fixed maturity securities 1,343,760 85,696,624 — 87,040,384  Equity securities  Common stocks 11,264,700 — — 11,264,700  Preferred stocks — 3,785,161 — 3,785,161  Total equity securities 11,264,700 3,785,161 — 15,049,861  Total AFS securities $ 12,608,460 $ 89,481,785 $ — $ 102,090,245  Assets measured at fair value on a recurring basis as of December 31, 2016, are as summarized below:     Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,241,125 $ — $ — $ 1,241,125  MBS/ABS/CMBS — 19,677,200 — 19,677,200  Corporate — 28,344,907 — 28,344,907  Municipal — 14,870,791 — 14,870,791  Total fixed maturity securities 1,241,125 62,892,898 — 64,134,023  Equity securities  Common stocks 6,982,547 — — 6,982,547  Preferred stocks — 2,798,413 — 2,798,413  Total equity securities 6,982,547 2,798,413 — 9,780,960  Total AFS seuciriteis $ 8,223,672 $ 65,691,311 $ — $ 73,914,983  As noted in the previous tables, the Company did not have any assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of September 30, 2017, and December 31, 2016. Additionally, there were no securities transferred in or out of Levels 1 or 2 during the nine-month periods ended September 30, 2017 and 2016.

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Debt [Abstract]
Debt	4. DEBT  As of September 30, 2017 and December 31, 2016, outstanding debt balances totaled $4,454,138 and $3,786,950 , respectively. The average rate on remaining debt was 3.9 % as of September 30, 2017, compared to 5.0% as of December 31, 2016 .  Long-term debt consists of the following as of the periods referenced below:      September 30, December 31,  2017 2016  Surplus notes $ — $ 1,850,000  Capital lease obligation 912,510 1,227,541  Debt obligation 3,541,611 525,619  Home office mortgage 17 183,790  Total $ 4,454,138 $ 3,786,950  Surplus Notes  ICC’s Plan of Conversion from a mutual to a stock company was approved by ICC policyholders at a special meeting on March 17, 2017. Simultaneously, surplus notes totaling $1.65 million, representing all outstanding surplus notes as of that date were converted into 165,000 shares of the Company’s common stock. The remaining $200,000 balan ce of surplus notes was paid in March 2017. Leasehold Obligation  The Company entered into a sale leaseback arrangement in 2016 that is accounted for as a capital lease. Under the agreement, Bofi Federal Bank purchased electronic data processing software, vehicles, and other assets which are leased to the Company. These assets remain on the Company’s books due to provisions within the agreement that trigger capital lease accounting. To secure the lowest rate possible of 4.7% , the Company pledged additional bonds totaling $860,969 during 2016, bringing the total pledged to $1,808,523 as of September 30, 2017, and December 31, 2016, respectively. There was no gain or loss recognized as part of this transaction. Lease payments totaled $125,494 fo r the three months ended Septemb er 30, 2017 and 2016. Lease payments totaled $376, 485 and $334,227 for the nine months ended September 30, 2017 and 2016, respectively. The term of the electronic data processing lease is 48 months and the term of the titled vehicles lease is 36 months. The outstanding lease obligation at September 30, 2017 was $912,510 compared to $1,227,541 at Decemeber 31, 2016.  Debt Obligation  ICC Holdings, Inc. secured a loan with American Bank & Trust in March 2017 in the amount of $3,500,000 and used the proceeds to repay ICC for the money borrowed by the ESOP. The term of the loan is five years bearing interest at 3.65% . The Company pledged the ESOP shares and $1.5 million of trust assets as collateral for the loan. Additionally, the Company entered into two debt agreements in 2016 with Bofi Federal Bank; one agreement for $500,000 and another debt agreement for $75,000 . The terms of the loans were 36 months, but the Company had the option to prepay the $500,000 loan after 12 months. The Company paid off the remaining balance of the $500,000 loan in September 2017. The total balance of the debt agreements at September 30, 2017 and December 31, 2016 was $3,541,611 and $525,619 , respectively. The Bofi loans bear interest at 4.7% .  Home Office Mortgage  The Company maintains a mortgage on its home office. Interest is charged at a fixed rate of 2.6% and the loan matures in 2017 . The building is used as collateral to secure the loan. The loan balance at September 30, 2017 and December 31, 2016 was $17 and $183,790 , respectively.  Revolving Line of Credit  We maintain a revolving line of credit with American Bank & Trust, which permits borrowing up to an aggregate principal amount of $1.75 million. This facility was entered into during 2013 and is renewed annually with a current expiration of August 1, 2018 . The line of credit is priced at 30 day LIBOR plus 2% with a floor of 3.5% . There was no interest paid on the line of credit during the nine months ended September 30, 2017 and $584 of interest paid on the line of credit during the nine months ended September 30, 2016. There are no financial covenants governing this agreement.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2017
Reinsurance [Abstract]
Reinsurance	5. REINSURANCE  In the ordinary course of business, the Company assumes and cedes premiums and selected insured risks with other insurance companies, known as reinsurance. A large portion of the reinsurance is put into effect under contracts known as treaties and, in some instances, by negotiation on each individual risk (known as facultative reinsurance). In addition, there are several types of treaties including quota share, excess of loss and catastrophe reinsurance contracts that protect against losses over stipulated amounts arising from any one occurrence or event. The arrangements allow the Company to pursue greater diversification of business and serve to limit the maximum net loss to a single event, such as a catastrophe. Through the quantification of exposed policy limits in each region and the extensive use of computer-assisted modeling techniques, management monitors the concentration of risks exposed to catastrophic events.  Through the purchase of reinsurance, the Company also generally limits its net loss on any individual risk to a maximum of $ 500,000 , although certain treaties contain an annual aggregate deductible before reinsurance applies.  Premiums, written and earned, along with losses and settlement expenses incurred for the periods presented is summarized as follows:        Three-Month Periods Ended September 30,  2017 2016  WRITTEN  Direct $ 14,117,001 $ 13,291,126  Reinsurance assumed 114,391 100,850  Reinsurance ceded (2,051,977) (2,122,878)  Net $ 12,179,415 $ 11,269,098  EARNED  Direct $ 13,131,193 $ 12,863,943  Reinsurance assumed 111,312 94,350  Reinsurance ceded (2,051,057) (2,109,930)  Net $ 11,191,448 $ 10,848,363  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 11,132,969 $ 8,567,418  Reinsurance assumed 21,356 27,474  Reinsurance ceded (3,090,924) (2,440,730)  Net $ 8,063,401 $ 6,154,162      Nine-Month Periods Ended September 30,  2017 2016  WRITTEN  Direct $ 40,526,640 $ 39,169,359  Reinsurance assumed 217,776 232,235  Reinsurance ceded (6,018,919) (6,184,856)  Net $ 34,725,497 $ 33,216,738  EARNED  Direct $ 38,504,368 $ 37,416,387  Reinsurance assumed 228,486 237,196  Reinsurance ceded (5,992,542) (5,958,992)  Net $ 32,740,312 $ 31,694,591  LOSSES AND SETTLEMENT EXPENSES INCURRED  Direct $ 27,585,807 $ 25,815,514  Reinsurance assumed 83,814 83,424  Reinsurance ceded (6,142,578) (7,187,860)  Net $ 21,527,043 $ 18,711,078

Unpaid Losses and Settlement Ex

Unpaid Losses and Settlement Expenses	9 Months Ended
	Sep. 30, 2017
Unpaid Losses and Settlement Expenses [Abstract]
Unpaid Losses and Loss Adjustment Expenses	6. UNPAID LOSSES AND SETTLEMENT EXPENSES  The following table is a reconciliation of the Company’s unpaid losses and settlement expenses:      For the Nine-Months Ended  September 30, September 30,  (In thousands) 2017 2016  Unpaid losses and settlement expense - beginning of the period:  Gross $ 52,817 $ 61,056  Less: Ceded 12,115 19,158  Net 40,702 41,898  Increase (decrease) in incurred losses and settlement expense:  Current year 22,897 18,901  Prior years (1,370) (190)  Total incurred 21,527 18,711  Deduct: Loss and settlement expense payments for claims incurred:  Current year 8,381 5,110  Prior years 12,937 13,990  Total paid 21,318 19,100  Net unpaid losses and settlement expense - end of the period 40,911 41,509  Plus: Reinsurance recoverable on unpaid losses 11,641 15,665  Gross unpaid losses and settlement expense - end of the period $ 52,552 $ 57,174

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Taxes [Abstract]
Income Taxes	7. INCOME TAXES  The Company’s effective tax rate for the nine month period ended September 30, 2017, was -15.3% , compared to 30.1% for the same period in 2016. Effective rates are dependent upon components of pretax earnings and the related tax effects.  Income tax expense for the three and nine-month periods ended September 30, 2017 and 2016, differed from the amounts computed by applying the U.S. federal tax rate of 34 % to pretax income from continuing operations as demonstrated in the following tables:      For the Three-Months Ended  September 30,  2017 2016  Provision for income taxes at the statutory federal tax rates $ (248,017) $ 280,802  Increase (reduction) in taxes resulting from:  Dividends received deduction (9,104) —  Tax-exempt interest income (73,260) (38,644)  15% proration of tax exempt interest and dividends received decution 9,664 9,894  Officer life insurance, net 5,794 (14,606)  Nondeductible expenses 14,089 (90,801)  State taxes (1,019) —  Prior year true-ups and other (78,828) (15,725)  Total $ (380,681) $ 130,920       For the Nine-Months Ended  September 30,  2017 2016  Provision for income taxes at the statutory federal tax rates $ 75,099 $ 770,034  Increase (reduction) in taxes resulting from:  Dividends received deduction (27,311) —  Tax-exempt interest income (165,241) (121,240)  15% proration of tax exempt interest and dividends received decution 26,192 22,283  Officer life insurance, net 16,590 (3,019)  Nondeductible expenses 31,430 30,853  State taxes (1,019) —  Prior year true-up and other — (19,641)  Total $ (44,260) $ 679,270  The Company has recorded its deferred tax assets and liabilities using the statutory federal tax rate of 34%. Management believes it is more likely than not that all deferred tax assets will be recovered as the result of future operations, which will generate sufficient taxable income to realize the deferred tax asset. In addition, it is believed that when these deferred items reverse in future years, taxable income will be taxed at an effective rate of 34%.  As of September 30, 2017 and December 31, 2016, the Company does not have any capital or operating loss carryforwards. Periods still subject to Internal Revenue Service (IRS) audit include 2013 through current year. There are currently no open tax exams.

Employee Benefits

Employee Benefits	9 Months Ended
	Sep. 30, 2017
Employee Benefits [Abstract]
Employee Benefits	8. EMPLOYEE BENEFITS  ESOP  In connection with our conversion and public offering, we establish an ESOP. The ESOP borrowed from the Company to purchase 350,000 shares in the offering. The issuance of the shares to the ESOP resulted in a contra account established in the shareholder’s equity section of the balance sheet for the unallocated shares at an amount equal to their $10.00 per share purchase price.  The Company may make discretionary contributions to the ESOP and pay dividends on unallocated shares to the ESOP, the ESOP uses funds it receives to repay the loan. When loan payments are made, ESOP shares are allocated to participants based on relative compensation and expense is recorded. No contributions to the ESOP were made during the nine months ended September 30, 2017.  A compensation expense charge is booked monthly during each year for the shares committed to be allocated to particpants that year, determined with reference to the fair market value of our stock at the time the commitment to allocate the shares is accrued and reco gnized. For the nine months ended September 30, 2017, we recognized compensation expense of $262,150 related to 15,003 shares of our common stock that were committed to be released to partipants’ accounts at December 31, 2017. Of the 15,003 shares committed to be released, 2,240 shares were commited on September 30, 2017 and had no impact on the weighted average common shares outstanding for the three and nine months ended September 30, 2017. 

Related Party

Related Party	9 Months Ended
	Sep. 30, 2017
Related Party [Abstract]
Related Party	9. RELATED PARTY  Mr. John R. Klockau, a director of the Company, held two surplus notes from the Company totaling $1,150,000 which were converted into 115,000 shares of the Company’s common stock on March 17, 2017. John R. Klockau received a payment for interest on the surplus notes of $12,975 during the three months ended March 31, 2017. Additionally, Mr. Klockau is a claims consultant and was paid $10,350 and $8,012 as of September 30, 2017 and 2016, respectively, related to his services to the Company.  Mr. Scott T. Burgess is a director of the Company and a Senior Managing Director of Griffin Financial Group (Griffin). Mr. Burgess was paid $2,690 , and $1,074 as of September 30, 2017 and 2016, respectively. Griffin was paid $893,240 and $9,704 as of September 30, 2017 and 2016, respectively. Griffin and Stevens & Lee are affiliated. Stevens & Lee is a full-service law firm that was paid $46,286 and $628,516 as of September 30, 2017 and 2016, respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	10. SUBSEQUENT EVENTS  Subsequent events have been evaluated through the date the financial statements were issued.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Description of Business	A. DESCRIPTION OF BUSINESS  ICC Holdings, Inc. is a Pennsylvania corporation that was organized in 2016. As used in this Form 10-Q, references to “the Company,” “we,” “us,” and “our” refer to the consolidated group for the period after the completion of the stock conversion and refer to ICC and its subsidiaries for the period prior to the stock conversion. On a stand-alone basis ICC Holdings, Inc is referred to as the “Parent Company.” The consolidated group consists of the holding company, ICC Holdings, Inc., an operating insurance company, Illinois Casualty Company (ICC), and ICC’s three wholly-owned subsidiaries, Beverage Insurance Agency, Inc., an inactive insurance agency, Estrella Innovative Solutions, Inc., an outsourcing company, and ICC Realty, LLC, a real estate services and holding company. ICC is an Illinois domiciled company.  ICC Holdings, Inc. was formed so that it could acquire all of the capital stock of ICC in a mutual-to-stock conversion. The plan of conversion was approved by ICC policyholders at a special meeting on March 17, 2017. Simultaneously, surplus notes totaling $1.65 million were converted into 165,000 shares of the Company’s common stock. The Company’s offering closed on March 24, 2017, and o ur Employee Stock Ownership Plan (ESOP) purchased 350,000 of the shares in the offering. In order to complete the purchase of common shares, the ESOP borrowed money from ICC. ICC Holdings, Inc. secured a loan with American Bank & Trust in March 2017 and used the proceeds to repay ICC for the money borrowed by the ESOP. On March 28, 2017, the Company’s stock began trading on the NASDAQ Capital Market under the “ICCH” ticker. The Company paid $1.0 million of underwriting fees to Griffin Financial Group, LLC. Proceeds received from the offering net of offering costs and underwriting fees was $28. 7 million.  Prior to the conversion on March 24, 2017, ICC Holdings, Inc did not engage in any operations. After the conversion, ICC Holdings, Inc’s primary assets are the outstanding capital stock of ICC and a portion of the net proceeds from the stock offering completed in connection with the mutual-to-stock conversion. On the effective date of the conversion, ICC became a wholly owned subsidiary of ICC Holdings, Inc. The mutual to stock conversion was accounted for as a change in corporate form with the historic basis of ICC’s assets, liabilities, and equity unchanged as a result. The condensed consolidated financial statements as of and for the three and nine months ended September 30, 2017, include ICC Holdings and subsidiaries. The financial statements as of December 31, 2016, as of September 30, 2016, and for the three and nine months ended September 30, 2016, represent the financial position and results of operations of ICC and its subsidiaries only, as the conversion to stock form was completed on March 24, 2017.  We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella liability coverages for the food and beverage industry through our subsidiary insurance company, ICC. ICC writes business in Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Ohio, and Wisconsin and markets through independent agents. Approximately 31.3% and 33.3% of the premium is written in Illinois for the three months ended September 30, 2017 and 2016, respectively. For the nine months ended September 30, 2017 and 2016, respectively, approximately 34.5% and 37.2% of the premium is written in Illinois. ICC has three wholly owned subsidiaries, Beverage Insurance Agency, Estrella Innovative Solutions, Inc., and ICC Realty, LLC.; however the Company operates as a single segment.
Principles of Consolidation and Basis of Presentation	B. PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION  The unaudited condensed consolidated interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial reporting and with the instructions to Form 10-Q. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statements. As such, these unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s December 31, 2016 Annual Report on Form 10-K. The condensed consolidated balance sheet at December 31, 2016, was derived from the audited consolidated balance sheet of ICC as of that date. Management believes that the disclosures are adequate to make the information presented not misleading, and all normal and recurring adjustments necessary to present fairly the financial position at September 30, 2017, and the results of operations of the Company and its subsidiaries for all periods presented have been made. The results of operations for any interim period are not necessarily indicative of the operating results for a full year.  The preparation of the unaudited condensed consolidated interim financial statements requires management to make estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated interim financial statements, and the reported amounts of revenue and expenses during the period. These amounts are inherently subject to change and actual results could differ significantly from these estimates.
Employee Stock Ownership Plan	 EMPLOYEE STOCK OWNERSHIP PLAN  The Company recognizes compensation expense related to its employee stock ownership plan (ESOP) ratably during each year for the shares committed to be allocated to participants that year, determined with reference to the fair market value of our stock at the time the commitment to allocate the shares is accrued and recognized. For purposes of calculating earnings per share, the Company includes the weighted average ESOP shares committed to be released for the period. The ESOP c overs all employees who have worked a minimum of 1,000 hours in the plan year.
Earnings Per Share	EARNINGS PER SHARE  Basic and diluted earnings per share (EPS) are calculated by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. The denominator for basic and diluted EPS includes ESOP shares committed to be released. The unaudited pro forma earnings per share for the three and nine months ended September 30, 2016 are provided to be used as a basis for comparison of current period earnings. The weighted average number of common shares outstanding are computed as if the resulting shares from the initial public offering, which was completed in March 2017, were outstanding for the three and nine month periods ended September 30, 2016.
Prospective Accounting Standards	D. PROSPECTIVE ACCOUNTING STANDARDS  For information regarding accounting standards that the Company has not yet adopted, see the “Prospective Accounting Standards” in Note 1 – Summary of Significant Accounting Policies in the Company’s 2016 Form 10-K. The Company maintains its status as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We have taken advantage of the extended transition period provided by Section 107 of the JOBS Act. We decided to comply with the effective dates for financial accounting standards applicable to emerging growth companies at a later date in compliance with the requirements in Sections 107(b)(2) and (3) of the JOBS Act. Such decision is irrevocable.
Property and Equipment	E. PROPERTY AND EQUIPMENT  Annually, the Company reviews the major asset classes of property and equipment held for impairment. For the periods ended September 30, 2017 and 2016, the Company recognized no impairments. Property and equipment are summarized as follows:      As of  September 30, December 31,  2017 2016  Automobiles $ 766,552 $ 668,794  Furniture and fixtures 415,610 516,318  Computer equipment and software 3,373,225 3,151,676  Home office 3,756,541 3,690,994  Total cost 8,311,928 8,027,782  Accumulated depreciation (4,747,642) (4,308,247)  Net property and equipment $ 3,564,286 $ 3,719,535 
Comprehensive Earnings	F. COMPREHENSIVE EARNINGS  Comprehensive earnings include net earnings plus unrealized gains and losses on available-for-sale investment securities, net of tax. In reporting the components of comprehensive earnings on a net basis in the statement of earnings, the Company used a 3 4% tax rate.  The following table illustrates the components of other comprehensive earnings for each period presented in the condensed consolidated interim financial statements.      Three-Month Periods Ended September 30,  2017 2016  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding (losses) gains arising during the period $ 449,199 $ (152,728) $ 296,471 $ 22,196 $ (7,547) $ 14,649  Reclassification adjustment for (gains) losses included in net earnings 1,833 (624) 1,209 119,170 (40,518) 78,652  Total other comprehensive (loss) earnings $ 451,032 $ (153,352) $ 297,680 $ 141,366 $ (48,065) $ 93,301        Nine-Month Periods Ended September 30,  2017 2016  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding gains (losses) arising during the period $ 1,741,067 $ (591,963) $ 1,149,104 $ 2,917,129 $ (991,824) $ 1,925,305  Reclassification adjustment for (gains) losses included in net earnings (385,629) 131,113 (254,516) (19,048) 6,476 (12,572)  Total other comprehensive earnings (loss) $ 1,355,438 $ (460,850) $ 894,588 $ 2,898,081 $ (985,348) $ 1,912,733  The following table provides the reclassifications out of accumulated other comprehensive earnings for the periods presented:      Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Details about Accumulated Other Three-Months Ended September 30, Nine-Month Periods Ended September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2017 2016 2017 2016 where Net Earnings is Presented  Unrealized gains (losses) on AFS investments:  $ 1,833 $ (93,561) $ (442,945) $ (231,779) Net realized investment gains  — 212,731 57,316 212,731 Other-than-temporary impairment losses  (624) (40,518) 131,113 6,476 Income tax expense  Total reclassification adjustment, net of tax $ 1,209 $ 78,652 $ (254,516) $ (12,572) 

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of Property, Plant and Equipment	   As of  September 30, December 31,  2017 2016  Automobiles $ 766,552 $ 668,794  Furniture and fixtures 415,610 516,318  Computer equipment and software 3,373,225 3,151,676  Home office 3,756,541 3,690,994  Total cost 8,311,928 8,027,782  Accumulated depreciation (4,747,642) (4,308,247)  Net property and equipment $ 3,564,286 $ 3,719,535 
Summary of Components of Other Comprehensive Earnings	    Three-Month Periods Ended September 30,  2017 2016  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding (losses) gains arising during the period $ 449,199 $ (152,728) $ 296,471 $ 22,196 $ (7,547) $ 14,649  Reclassification adjustment for (gains) losses included in net earnings 1,833 (624) 1,209 119,170 (40,518) 78,652  Total other comprehensive (loss) earnings $ 451,032 $ (153,352) $ 297,680 $ 141,366 $ (48,065) $ 93,301        Nine-Month Periods Ended September 30,  2017 2016  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding gains (losses) arising during the period $ 1,741,067 $ (591,963) $ 1,149,104 $ 2,917,129 $ (991,824) $ 1,925,305  Reclassification adjustment for (gains) losses included in net earnings (385,629) 131,113 (254,516) (19,048) 6,476 (12,572)  Total other comprehensive earnings (loss) $ 1,355,438 $ (460,850) $ 894,588 $ 2,898,081 $ (985,348) $ 1,912,733 
Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnins	   Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Details about Accumulated Other Three-Months Ended September 30, Nine-Month Periods Ended September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2017 2016 2017 2016 where Net Earnings is Presented  Unrealized gains (losses) on AFS investments:  $ 1,833 $ (93,561) $ (442,945) $ (231,779) Net realized investment gains  — 212,731 57,316 212,731 Other-than-temporary impairment losses  (624) (40,518) 131,113 6,476 Income tax expense  Total reclassification adjustment, net of tax $ 1,209 $ 78,652 $ (254,516) $ (12,572) 

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2017
Investments [Abstract]
Summary of Recognized Impairments	   For the Nine-Months Ended Ended September 30,  Net realized  Proceeds Gains Losses gain  2017  Fixed maturity securities $ 5,670,040 $ 29,328 $ (21) $ 29,307  Common stocks 2,154,214 415,471 (2,752) 412,719  Preferred stocks 55,199 919 — 919  2016  Fixed maturity securities $ 9,827,239 $ 155,428 $ (3,732) $ 151,696  Equity securities $ 1,590,088 $ 80,083 $ — $ 80,083 
Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity	   Amortized Cost Fair Value  Due in one year or less $ 2,001,464 $ 2,004,240  Due after one year through five years 19,220,500 19,783,690  Due after five years through 10 years 14,618,497 15,344,456  Due after 10 years 19,339,597 19,990,535  Asset and mortgage backed securities without a specific due date 29,887,277 29,917,463  Total fixed maturity securities $ 85,067,335 $ 87,040,384 
Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments	     Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2017  Fixed maturity securities:  U.S. treasury $ 1,346,253 $ 1,343,760 $ 1,912 $ (4,405)  MBS/ABS/CMBS 29,887,277 29,917,463 216,031 (185,845)  Corporate 30,546,761 31,657,013 1,128,163 (17,911)  Municipal 23,287,044 24,122,148 870,229 (35,125)  Total fixed maturity securities 85,067,335 87,040,384 2,216,335 (243,286)  Equity securities:  Common stocks 10,247,724 11,264,700 1,024,776 (7,800)  Preferred stocks 3,670,999 3,785,161 142,736 (28,574)  Total equity securities 13,918,723 15,049,861 1,167,512 (36,374)  Total AFS securities $ 98,986,058 $ 102,090,245 $ 3,383,847 $ (279,660)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2016  Fixed maturity securities:  U.S. treasury $ 1,244,542 $ 1,241,125 $ 2,527 $ (5,944)  MBS/ABS/CMBS 19,751,138 19,677,200 183,175 (257,113)  Corporate 27,593,568 28,344,907 842,782 (91,443)  Municipal 14,339,843 14,870,791 665,790 (134,842)  Total fixed maturity securities 62,929,091 64,134,023 1,694,274 (489,342)  Equity securities:  Common stocks 6,311,708 6,982,547 704,768 (33,929)  Preferred stocks 2,925,434 2,798,413 5,425 (132,446)  Total equity securities 9,237,142 9,780,960 710,193 (166,375)  Total AFS securities $ 72,166,233 $ 73,914,983 $ 2,404,467 $ (655,717) 
Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position	   September 30, 2017 December 31, 2016  12 Mos 12 Mos  < 12 Mos. & Greater Total < 12 Mos. & Greater Total  U.S. Treasury  Fair value $ 995,313 $ — $ 995,313 $ 993,576 $ — $ 993,576  Cost or Amortized cost 999,718 — 999,718 999,520 — 999,520  Unrealized Loss (4,405) — (4,405) (5,944) — (5,944)   MBS/ABS/CMBS  Fair value 9,212,756 2,075,299 11,288,055 10,712,987 322,641 11,035,628  Cost or Amortized cost 9,316,739 2,157,161 11,473,900 10,968,840 323,901 11,292,741  Unrealized Loss (103,983) (81,862) (185,845) (255,853) (1,260) (257,113)   Corporate  Fair value 1,571,361 1,983,352 3,554,713 5,476,442 984,115 6,460,557  Cost or Amortized cost 1,574,106 1,998,518 3,572,624 5,552,624 999,376 6,552,000  Unrealized Loss (2,745) (15,166) (17,911) (76,182) (15,261) (91,443)   Municipal  Fair value 1,396,750 858,505 2,255,255 2,995,362 — 2,995,362  Cost or Amortized cost 1,406,640 883,740 2,290,380 3,130,204 — 3,130,204  Unrealized Loss (9,890) (25,235) (35,125) (134,842) — (134,842)   Subtotal, fixed income  Fair value 13,176,180 4,917,156 18,093,336 20,178,367 1,306,756 21,485,123  Cost or Amortized cost 13,297,203 5,039,419 18,336,622 20,651,188 1,323,277 21,974,465  Unrealized Loss (121,023) (122,263) (243,286) (472,821) (16,521) (489,342)   Common Stock  Fair value 647,000 — 647,000 — 445,872 445,872  Cost or Amortized cost 654,800 — 654,800 — 479,801 479,801  Unrealized Loss (7,800) — (7,800) — (33,929) (33,929)   Preferred Stock  Fair value 643,660 425,875 1,069,535 2,328,345 — 2,328,345  Cost or Amortized cost 662,025 436,084 1,098,109 2,460,791 — 2,460,791  Unrealized Loss (18,365) (10,209) (28,574) (132,446) — (132,446)   Total  Fair value 14,466,840 5,343,031 19,809,871 22,506,712 1,752,628 24,259,340  Cost or amortized cost 14,614,028 5,475,503 20,089,531 23,111,979 1,803,078 24,915,057  Unrealized Loss $ (147,188) $ (132,472) $ (279,660) $ (605,267) $ (50,450) $ (655,717) 

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Summary of Assets Measured at Fair Value on a Recurring Basis	Assets measured at fair value on a recurring basis as of September 30, 2017, are as summarized below:      Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,343,760 $ — $ — $ 1,343,760  MBS/ABS/CMBS — 29,917,463 — 29,917,463  Corporate — 31,657,013 — 31,657,013  Municipal — 24,122,148 — 24,122,148  Total fixed maturity securities 1,343,760 85,696,624 — 87,040,384  Equity securities  Common stocks 11,264,700 — — 11,264,700  Preferred stocks — 3,785,161 — 3,785,161  Total equity securities 11,264,700 3,785,161 — 15,049,861  Total AFS securities $ 12,608,460 $ 89,481,785 $ — $ 102,090,245  Assets measured at fair value on a recurring basis as of December 31, 2016, are as summarized below:     Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,241,125 $ — $ — $ 1,241,125  MBS/ABS/CMBS — 19,677,200 — 19,677,200  Corporate — 28,344,907 — 28,344,907  Municipal — 14,870,791 — 14,870,791  Total fixed maturity securities 1,241,125 62,892,898 — 64,134,023  Equity securities  Common stocks 6,982,547 — — 6,982,547  Preferred stocks — 2,798,413 — 2,798,413  Total equity securities 6,982,547 2,798,413 — 9,780,960  Total AFS seuciriteis $ 8,223,672 $ 65,691,311 $ — $ 73,914,983 

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt [Abstract]
Schedule of Long-Term Debt	   September 30, December 31,  2017 2016  Surplus notes $ — $ 1,850,000  Capital lease obligation 912,510 1,227,541  Debt obligation 3,541,611 525,619  Home office mortgage 17 183,790  Total $ 4,454,138 $ 3,786,950 

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2017
Reinsurance [Abstract]
Summary of the Effects of Reinsurance	    Three-Month Periods Ended September 30,  2017 2016  WRITTEN  Direct $ 14,117,001 $ 13,291,126  Reinsurance assumed 114,391 100,850  Reinsurance ceded (2,051,977) (2,122,878)  Net $ 12,179,415 $ 11,269,098  EARNED  Direct $ 13,131,193 $ 12,863,943  Reinsurance assumed 111,312 94,350  Reinsurance ceded (2,051,057) (2,109,930)  Net $ 11,191,448 $ 10,848,363  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 11,132,969 $ 8,567,418  Reinsurance assumed 21,356 27,474  Reinsurance ceded (3,090,924) (2,440,730)  Net $ 8,063,401 $ 6,154,162      Nine-Month Periods Ended September 30,  2017 2016  WRITTEN  Direct $ 40,526,640 $ 39,169,359  Reinsurance assumed 217,776 232,235  Reinsurance ceded (6,018,919) (6,184,856)  Net $ 34,725,497 $ 33,216,738  EARNED  Direct $ 38,504,368 $ 37,416,387  Reinsurance assumed 228,486 237,196  Reinsurance ceded (5,992,542) (5,958,992)  Net $ 32,740,312 $ 31,694,591  LOSSES AND SETTLEMENT EXPENSES INCURRED  Direct $ 27,585,807 $ 25,815,514  Reinsurance assumed 83,814 83,424  Reinsurance ceded (6,142,578) (7,187,860)  Net $ 21,527,043 $ 18,711,078

Unpaid Losses and Settlement 22

Unpaid Losses and Settlement Expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Unpaid Losses and Settlement Expenses [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	   For the Nine-Months Ended  September 30, September 30,  (In thousands) 2017 2016  Unpaid losses and settlement expense - beginning of the period:  Gross $ 52,817 $ 61,056  Less: Ceded 12,115 19,158  Net 40,702 41,898  Increase (decrease) in incurred losses and settlement expense:  Current year 22,897 18,901  Prior years (1,370) (190)  Total incurred 21,527 18,711  Deduct: Loss and settlement expense payments for claims incurred:  Current year 8,381 5,110  Prior years 12,937 13,990  Total paid 21,318 19,100  Net unpaid losses and settlement expense - end of the period 40,911 41,509  Plus: Reinsurance recoverable on unpaid losses 11,641 15,665  Gross unpaid losses and settlement expense - end of the period $ 52,552 $ 57,174 

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Income Taxes [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	   For the Three-Months Ended  September 30,  2017 2016  Provision for income taxes at the statutory federal tax rates $ (248,017) $ 280,802  Increase (reduction) in taxes resulting from:  Dividends received deduction (9,104) —  Tax-exempt interest income (73,260) (38,644)  15% proration of tax exempt interest and dividends received decution 9,664 9,894  Officer life insurance, net 5,794 (14,606)  Nondeductible expenses 14,089 (90,801)  State taxes (1,019) —  Prior year true-ups and other (78,828) (15,725)  Total $ (380,681) $ 130,920       For the Nine-Months Ended  September 30,  2017 2016  Provision for income taxes at the statutory federal tax rates $ 75,099 $ 770,034  Increase (reduction) in taxes resulting from:  Dividends received deduction (27,311) —  Tax-exempt interest income (165,241) (121,240)  15% proration of tax exempt interest and dividends received decution 26,192 22,283  Officer life insurance, net 16,590 (3,019)  Nondeductible expenses 31,430 30,853  State taxes (1,019) —  Prior year true-up and other — (19,641)  Total $ (44,260) $ 679,270 

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Narrative) (Details)	Mar. 28, 2017USD ($)	Mar. 17, 2017USD ($)shares	Sep. 30, 2017entityshares	Sep. 30, 2016	Sep. 30, 2017USD ($)segmententityshares	Sep. 30, 2016USD ($)	Mar. 24, 2017shares	Dec. 31, 2016shares
Summary Of Significant Accounting Policies [Line Items]
Employee stock ownership plan, shares | shares			334,997		334,997		350,000	0
Underwriting fees paid	$ 1,000,000
Net proceeds received from issuance of shares of common stock and ESOP expense					$ 28,981,491
Number of operating segments | segment					1
Impairments					$ 0	$ 0
Federal tax rate			34.00%	34.00%	34.00%	34.00%
Illinois [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk			31.30%	33.30%	34.50%	37.20%
Illinois Casualty Company [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of subsidiaries | entity			3		3
Surplus Notes [Member]
Summary Of Significant Accounting Policies [Line Items]
Notes converted		$ 1,650,000
Debt converted, shares issued | shares		165,000
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
ESOP threshold					1000 hours

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Summary of Property, Plant and Equipment) (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total cost	$ 8,311,928	$ 8,027,782
Accumulated depreciation	(4,747,642)	(4,308,247)
Net property and equipent	3,564,286	3,719,535
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Total cost	766,552	668,794
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total cost	415,610	516,318
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Total cost	3,373,225	3,151,676
Home Office [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 3,756,541	$ 3,690,994

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Summary of Components of Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Unrealized holding (losses) gains arising during the period, Pre-tax	$ 449,199	$ 22,196	$ 1,741,067	$ 2,917,129
Reclassification adjustment for (gains) losses included in net earnings, Pre-tax	1,833	119,170	(385,629)	(19,048)
Total other comprehensive (loss) earnings, Pre-tax	451,032	141,366	1,355,438	2,898,081
Unrealized holding (losses) gains arising during the period, Tax	(152,728)	(7,547)	(591,963)	(991,824)
Reclassification adjustment for (gains) losses included in net earnings, Tax	(624)	(40,518)	131,113	6,476
Total other comprehensive (loss) earnings, Tax	(153,352)	(48,065)	(460,850)	(985,348)
Unrealized holding (losses) gains arising during the period, After-tax	296,471	14,649	1,149,104	1,925,305
Reclassification adjustment for (gains) losses included in net earnings, After-tax	1,209	78,652	(254,516)	(12,572)
Total other comprehensive earnings (loss)	$ 297,680	$ 93,301	$ 894,588	$ 1,912,733

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Schedule of Reclassification Out of Accumulated Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment gains	$ (1,833)	$ 93,561	$ 442,945	$ 231,779
Other-than-temporary impairment losses		212,731	57,316	212,731
Income tax expense	(380,681)	130,920	(44,260)	679,270
Total reclassification adjustment, net of tax	1,209	78,652	(254,516)	(12,572)
Unrealized Gains (Losses) on AFS Investments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment gains	1,833	(93,561)	(442,945)	(231,779)
Other-than-temporary impairment losses		212,731	57,316	212,731
Income tax expense	$ (624)	$ (40,518)	$ 131,113	$ 6,476

Investments (Narrative) (Detail

Investments (Narrative) (Details)	9 Months Ended
	Sep. 30, 2017USD ($)item	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)item
Schedule of Available-for-sale Securities [Line Items]
OTTI losses recognized in other comprehensive earnings	$ 57,316
Fair value	$ 102,090,245		$ 73,914,983
Common Stock Security [Member]
Schedule of Available-for-sale Securities [Line Items]
OTTI losses recognized in other comprehensive earnings		$ 205,834
Fixed Income Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
OTTI losses recognized in other comprehensive earnings		$ 6,897
Common Equity And Preferred Stock Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item	9		21
Number of securities in an unrealized loss position for 12 consecutive months or longer | item	3		2
Unrealized losses	$ 10,209		$ 33,929
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item	45
Number of securities in an unrealized loss position for 12 consecutive months or longer | item	11
Unrealized losses	$ 122,263
MBS/ABS/CMBS [Member] | Residential Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	14,092,583		10,288,405
MBS/ABS/CMBS [Member] | Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	7,529,511		$ 7,600,109
Significant Unobservable Inputs (Level 3) [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment securities	$ 0

Investments (Summary of Recogni

Investments (Summary of Recognized Impairments) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Fixed Maturity Securities [Member]
Proceeds	$ 5,670,040	$ 9,827,239
Gains	29,328	155,428
Losses	(21)	(3,732)
Net realized gain	29,307	151,696
Common Stocks [Member]
Proceeds	2,154,214
Gains	415,471
Losses	(2,752)
Net realized gain	412,719
Preferred Stock [Member]
Proceeds	55,199
Gains	919
Losses
Net realized gain	$ 919
Equity Securities [Member]
Proceeds		1,590,088
Gains		80,083
Losses
Net realized gain		$ 80,083

Investments (Summary of Amortiz

Investments (Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Investments [Abstract]
Due in one year or less, amortized cost	$ 2,001,464
Due after one year through five years, amortized cost	19,220,500
Due after five years through 10 years, amortized cost	14,618,497
Due after 10 years, amortized cost	19,339,597
Asset and mortgage backed securities without a specific due date, amortized cost	29,887,277
Fixed maturity securities, amortized cost	85,067,335	$ 62,929,091
Due in one year or less, fair value	2,004,240
Due after one year through five years, fair value	19,783,690
Due after five years through 10 years, fair value	15,344,456
Due after 10 years, fair value	19,990,535
Asset and mortgage backed securities witout a specific due date, fair value	29,917,463
Fixed maturity securities, fair value	$ 87,040,384	$ 64,134,023

Investments (Schedule of Cost o

Investments (Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments) (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, cost or amortized cost	$ 85,067,335	$ 62,929,091
Equity securities, cost or amortized cost	13,918,723	9,237,142
AFS securities, cost or amortized cost	98,986,058	72,166,233
Fixed maturity securities, fair value	87,040,384	64,134,023
Equity securities, fair value	15,049,861	9,780,960
AFS securities, fair value	102,090,245	73,914,983
Fixed maturity securities, gross unrealized gains	2,216,335	1,694,274
Equity securities, gross unrealized gains	1,167,512	710,193
Total AFS securities, gross unrealized gains	3,383,847	2,404,467
Fixed maturity securities, gross unrealized losses	(243,286)	(489,342)
Equity securities, gross unrealized losses	(36,374)	(166,375)
Total AFS securities, gross unrealized losses	(279,660)	(655,717)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, cost or amortized cost	1,346,253	1,244,542
Fixed maturity securities, fair value	1,343,760	1,241,125
Fixed maturity securities, gross unrealized gains	1,912	2,527
Fixed maturity securities, gross unrealized losses	(4,405)	(5,944)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, cost or amortized cost	29,887,277	19,751,138
Fixed maturity securities, fair value	29,917,463	19,677,200
Fixed maturity securities, gross unrealized gains	216,031	183,175
Fixed maturity securities, gross unrealized losses	(185,845)	(257,113)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, cost or amortized cost	30,546,761	27,593,568
Fixed maturity securities, fair value	31,657,013	28,344,907
Fixed maturity securities, gross unrealized gains	1,128,163	842,782
Fixed maturity securities, gross unrealized losses	(17,911)	(91,443)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, cost or amortized cost	23,287,044	14,339,843
Fixed maturity securities, fair value	24,122,148	14,870,791
Fixed maturity securities, gross unrealized gains	870,229	665,790
Fixed maturity securities, gross unrealized losses	(35,125)	(134,842)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, cost or amortized cost	10,247,724	6,311,708
Equity securities, fair value	11,264,700	6,982,547
Equity securities, gross unrealized gains	1,024,776	704,768
Equity securities, gross unrealized losses	(7,800)	(33,929)
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, cost or amortized cost	3,670,999	2,925,434
Equity securities, fair value	3,785,161	2,798,413
Equity securities, gross unrealized gains	142,736	5,425
Equity securities, gross unrealized losses	$ (28,574)	$ (132,446)

Investments (Summary of Impairm

Investments (Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position) (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	$ 14,466,840	$ 22,506,712
12 months and greater, fair value	5,343,031	1,752,628
Fair value	19,809,871	24,259,340
Less than 12 months, cost or amortized cost	14,614,028	23,111,979
12 months and greater, cost or amortized cost	5,475,503	1,803,078
Amortized cost	20,089,531	24,915,057
Less than 12 months, unrealized loss	(147,188)	(605,267)
12 months and greater, unrealized loss	(132,472)	(50,450)
Unrealized losses	(279,660)	(655,717)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	995,313	993,576
12 months and greater, fair value
Fair value	995,313	993,576
Less than 12 months, cost or amortized cost	999,718	999,520
12 months and greater, cost or amortized cost
Amortized cost	999,718	999,520
Less than 12 months, unrealized loss	(4,405)	(5,944)
12 months and greater, unrealized loss
Unrealized losses	(4,405)	(5,944)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	9,212,756	10,712,987
12 months and greater, fair value	2,075,299	322,641
Fair value	11,288,055	11,035,628
Less than 12 months, cost or amortized cost	9,316,739	10,968,840
12 months and greater, cost or amortized cost	2,157,161	323,901
Amortized cost	11,473,900	11,292,741
Less than 12 months, unrealized loss	(103,983)	(255,853)
12 months and greater, unrealized loss	(81,862)	(1,260)
Unrealized losses	(185,845)	(257,113)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	1,571,361	5,476,442
12 months and greater, fair value	1,983,352	984,115
Fair value	3,554,713	6,460,557
Less than 12 months, cost or amortized cost	1,574,106	5,552,624
12 months and greater, cost or amortized cost	1,998,518	999,376
Amortized cost	3,572,624	6,552,000
Less than 12 months, unrealized loss	(2,745)	(76,182)
12 months and greater, unrealized loss	(15,166)	(15,261)
Unrealized losses	(17,911)	(91,443)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	1,396,750	2,995,362
12 months and greater, fair value	858,505
Fair value	2,255,255	2,995,362
Less than 12 months, cost or amortized cost	1,406,640	3,130,204
12 months and greater, cost or amortized cost	883,740
Amortized cost	2,290,380	3,130,204
Less than 12 months, unrealized loss	(9,890)	(134,842)
12 months and greater, unrealized loss	(25,235)
Unrealized losses	(35,125)	(134,842)
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	13,176,180	20,178,367
12 months and greater, fair value	4,917,156	1,306,756
Fair value	18,093,336	21,485,123
Less than 12 months, cost or amortized cost	13,297,203	20,651,188
12 months and greater, cost or amortized cost	5,039,419	1,323,277
Amortized cost	18,336,622	21,974,465
Less than 12 months, unrealized loss	(121,023)	(472,821)
12 months and greater, unrealized loss	(122,263)	(16,521)
Unrealized losses	(243,286)	(489,342)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	647,000
12 months and greater, fair value		445,872
Fair value	647,000	445,872
Less than 12 months, cost or amortized cost	654,800
12 months and greater, cost or amortized cost		479,801
Amortized cost	654,800	479,801
Less than 12 months, unrealized loss	(7,800)
12 months and greater, unrealized loss		(33,929)
Unrealized losses	(7,800)	(33,929)
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	643,660	2,328,345
12 months and greater, fair value	425,875
Fair value	1,069,535	2,328,345
Less than 12 months, cost or amortized cost	662,025	2,460,791
12 months and greater, cost or amortized cost	436,084
Amortized cost	1,098,109	2,460,791
Less than 12 months, unrealized loss	(18,365)	(132,446)
12 months and greater, unrealized loss	(10,209)
Unrealized losses	$ (28,574)	$ (132,446)

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities transferred in or out of levels 1 or 2	$ 0	$ 0
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	$ 0

Fair Value Disclosures (Summary

Fair Value Disclosures (Summary of Assets Measured at Fair Value on a Recurring Basis) (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	$ 0
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	102,090,245	$ 73,914,983
Fair Value, Measurements, Recurring [Member] | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,343,760	1,241,125
Fair Value, Measurements, Recurring [Member] | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	29,917,463	19,677,200
Fair Value, Measurements, Recurring [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	31,657,013	28,344,907
Fair Value, Measurements, Recurring [Member] | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	24,122,148	14,870,791
Fair Value, Measurements, Recurring [Member] | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	87,040,384	64,134,023
Fair Value, Measurements, Recurring [Member] | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	11,264,700	6,982,547
Fair Value, Measurements, Recurring [Member] | Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	3,785,161	2,798,413
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	15,049,861	9,780,960
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	12,608,460	8,223,672
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,343,760	1,241,125
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,343,760	1,241,125
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	11,264,700	6,982,547
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted in Active Markets For Identical Assets (Level 1) [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	11,264,700	6,982,547
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	89,481,785	65,691,311
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	29,917,463	19,677,200
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	31,657,013	28,344,907
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	24,122,148	14,870,791
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	85,696,624	62,892,898
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	3,785,161	2,798,413
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	3,785,161	2,798,413
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities

Debt (Narrative) (Details)

Debt (Narrative) (Details)	Mar. 17, 2017USD ($)shares	Mar. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)item
Debt Instrument [Line Items]
Corporate debt			$ 4,454,138		$ 4,454,138		$ 3,786,950
Average interest rate					3.90%		5.00%
Repayments of borrowed funds					$ 2,831,961	$ 561,926
Gain (loss) on capital lease			$ 0	$ 0
Surplus Notes [Member]
Debt Instrument [Line Items]
Notes converted	$ 1,650,000
Debt converted, shares issued | shares	165,000
Repayments of borrowed funds		$ 200,000
Debt							$ 1,850,000
Leasehold Obligation [Member]
Debt Instrument [Line Items]
Interest rate			4.70%		4.70%
Capital lease, additional pledged bonds							860,969
Capital lease, pledged bonds					$ 1,808,523		1,808,523
Lease payments			$ 125,494	$ 125,494	376,485	334,227
Outstanding lease obligation			$ 912,510		$ 912,510		1,227,541
Leasehold Obligation [Member] | Electronic Data Processing [Member]
Debt Instrument [Line Items]
Capital Lease, Term					48 months
Leasehold Obligation [Member] | Titled Vehicles [Member]
Debt Instrument [Line Items]
Capital Lease, Term					36 months
American Bank & Trust [Member]
Debt Instrument [Line Items]
Face amount of debt instrument		$ 3,500,000
Term of debt instrument					5 years
Interest rate			3.65%		3.65%
Collateral			$ 1,500,000		$ 1,500,000
Debt			3,541,611		3,541,611		525,619
Bofi Federal Bank B [Member]
Debt Instrument [Line Items]
Face amount of debt instrument							500,000
Bofi Federal Bank C [Member]
Debt Instrument [Line Items]
Face amount of debt instrument							$ 75,000
Bofi Federal Bank B & C [Member]
Debt Instrument [Line Items]
Face amount of debt instrument			$ 500,000		$ 500,000
Term of debt instrument					36 months
Interest rate			4.70%		4.70%
Number of debt agreements | item							2
Optional prepayment term					12 months
Debt			$ 3,541,611		$ 3,541,611		$ 525,619
Home Office Mortgage [Member]
Debt Instrument [Line Items]
Interest rate			2.60%		2.60%
Debt			$ 17		$ 17		$ 183,790
Debt maturity					Dec. 31, 2017
Revolving Line Of Credt [Member]
Debt Instrument [Line Items]
Interest expense					$ 0	$ 584
Debt maturity					Aug. 1, 2018
Maximum borrowing capacity			$ 1,750,000		$ 1,750,000
Revolving Line Of Credt [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate					2.00%
Revolving Line Of Credt [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate					3.50%

Debt (Schedule of Long-Term Deb

Debt (Schedule of Long-Term Debt) (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Capital lease obligation	$ 912,510	$ 1,227,541
Total	4,454,138	3,786,950
Surplus Notes [Member]
Debt Instrument [Line Items]
Debt		1,850,000
American Bank & Trust [Member]
Debt Instrument [Line Items]
Debt	3,541,611	525,619
Home Office Mortgage [Member]
Debt Instrument [Line Items]
Debt	$ 17	$ 183,790

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
Reinsurance [Abstract]
Individual risk	$ 500,000

Reinsurance (Summary of the Eff

Reinsurance (Summary of the Effects of Reinsurance) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
WRITTEN
Direct	$ 14,117,001	$ 13,291,126	$ 40,526,640	$ 39,169,359
Reinsurance assumed	114,391	100,850	217,776	232,235
Reinsurance ceded	(2,051,977)	(2,122,878)	(6,018,919)	(6,184,856)
Net	12,179,415	11,269,098	34,725,497	33,216,738
EARNED
Direct	13,131,193	12,863,943	38,504,368	37,416,387
Reinsurance assumed	111,312	94,350	228,486	237,196
Reinsurance ceded	(2,051,057)	(2,109,930)	(5,992,542)	(5,958,992)
Net	11,191,448	10,848,363	32,740,312	31,694,591
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	11,132,969	8,567,418	27,585,807	25,815,514
Reinsurance assumed	21,356	27,474	83,814	83,424
Reinsurance ceded	(3,090,924)	(2,440,730)	(6,142,578)	(7,187,860)
Net	$ 8,063,401	$ 6,154,162	$ 21,527,043	$ 18,711,078

Unpaid Losses and Settlement 39

Unpaid Losses and Settlement Expenses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Unpaid losses and settlement expense - beginning of the period:
Gross			$ 52,817,254	$ 61,056,000
Less: Ceded			12,114,998	19,158,000
Net			40,702,000	41,898,000
Increase (decrease) in incurred losses and settlement expense:
Current year			22,897,000	18,901,000
Prior years			(1,370,000)	(190,000)
Net	$ 8,063,401	$ 6,154,162	21,527,043	18,711,078
Deduct: Loss and settlement expense payments for claims incurred:
Current year			8,381,000	5,110,000
Prior years			12,937,000	13,990,000
Total paid			21,318,000	19,100,000
Net unpaid losses and settlement expense - end of the period	40,911,000	41,509,000	40,911,000	41,509,000
Plus: Reinsurance recoverable on unpaid losses	11,640,539	15,665,000	11,640,539	15,665,000
Gross unpaid losses and settlement expense - end of the period	$ 52,551,866	$ 57,174,000	$ 52,551,866	$ 57,174,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Taxes [Abstract]
Effective tax rate			(15.30%)	30.10%
Federal tax rate	34.00%	34.00%	34.00%	34.00%
Capital loss carryforward	$ 0		$ 0		$ 0
Operating loss carryforward	$ 0		$ 0		$ 0

Income Taxes (Schedule of of Ef

Income Taxes (Schedule of of Effective Income Tax Rate Reconciliation) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Taxes [Abstract]
Provision for income taxes at the statutory federal tax rates	$ (248,017)	$ 280,802	$ 75,099	$ 770,034
Increase (reduction) in taxes resulting from:
Dividends received deduction	(9,104)		(27,311)
Tax-exempt interest income	(73,260)	(38,644)	(165,241)	(121,240)
15% proration of tax exempt interest and dividends received decution	9,664	9,894	26,192	22,283
Officer life insurance, net	5,794	(14,606)	16,590	(3,019)
Nondeductible expenses	14,089	(90,801)	31,430	30,853
State taxes	(1,019)		(1,019)
Prior year true-ups and other	(78,828)	(15,725)		(19,641)
Total income tax (benefit) expense	$ (380,681)	$ 130,920	$ (44,260)	$ 679,270
Proration percentage	15.00%	15.00%	15.00%	15.00%

Employee Benefits (Details)

Employee Benefits (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2017	Mar. 24, 2017	Dec. 31, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee stock ownership plan, shares	334,997		350,000	0
Employee stock ownership plan, share purchase price	$ 10
Contributions to the ESOP, cash	$ 0
Contributions to the ESOP, shares	0
Compensation expense	$ 262,150
Shares committed to be released	2,240
Scenario, Forecast [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shares committed to be released		15,003

Related Party (Details)

Related Party (Details)	Mar. 17, 2017USD ($)loanshares	Mar. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
John R. Klockau [Member]
Related Party Transaction [Line Items]
Number of notes held | loan	2
Fees paid to related party			$ 10,350	$ 8,012
Scott T. Burgess [Member]
Related Party Transaction [Line Items]
Fees paid to related party			2,690	1,074
Griffin Financial Group [Member]
Related Party Transaction [Line Items]
Fees paid to related party			893,240	9,704
Stevens & Lee [Member]
Related Party Transaction [Line Items]
Fees paid to related party			$ 46,286	$ 628,516
Surplus Notes [Member]
Related Party Transaction [Line Items]
Notes converted	$ 1,650,000
Debt converted, shares issued | shares	165,000
Surplus Notes [Member] | John R. Klockau [Member]
Related Party Transaction [Line Items]
Notes converted	$ 1,150,000
Debt converted, shares issued | shares	115,000
Debt converted, interest payment		$ 12,975