ICC (ICCH) 10-Q 14 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 09, 2018
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	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		3,303,279

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2018	Dec. 31, 2017
Available for sale securities, at fair value
Fixed maturity securities (amortized cost - $89,576,198 at 9/30/2018 and $87,773,047 at 12/31/2017)		$ 88,900,450	$ 89,605,073
Available-for-sale		13,607,356	12,401,538
Other invested assets		139,200
Property held for investment, at cost, net of accumulated depreciation of $196,793 at 9/30/2018 and $127,161 at 12/31/2017		3,431,342	3,126,566
Cash and cash equivalents		2,702,706	6,876,519
Total investments and cash		108,781,054	112,009,696
Accrued investment income		659,855	687,453
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $50,000 at 9/30/2018 and 12/31/2017		21,897,081	19,013,262
Ceded unearned premiums		705,753	274,972
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 at 9/30/2018 and 12/31/2017		9,479,267	10,029,834
Federal income taxes		1,562,550	922,405
Deferred policy acquisition costs, net		5,503,763	4,592,415
Property and equipment, at cost, net of accumulated depreciation of $4,965,251 at 9/30/2018 and $4,896,042 at 12/31/2017		3,492,814	3,503,904
Other assets		1,169,055	1,301,420
Total assets		153,251,192	152,335,361
Liabilities:
Unpaid losses and settlement expenses		54,213,445	51,074,126
Unearned premiums		30,378,327	26,555,582
Reinsurance balances payable		1,235,806	327,483
Corporate debt		3,487,017	4,339,208
Accrued expenses		3,725,805	4,274,002
Other liabilities		932,368	1,663,415
Total liabilities		93,972,768	88,233,816
Equity:
Common stock	[1]	35,000	35,000
Treasury stock, at cost	[2]	(2,999,995)
Additional paid-in capital		32,465,078	32,333,290
Accumulated other comprehensive (loss) earnings, net of tax		(162,345)	2,227,069
Retained earnings		33,046,128	32,787,406
Less: Unearned Employee Stock Ownership Plan shares at cost	[3]	(3,105,442)	(3,281,220)
Total equity		59,278,424	64,101,545
Total liabilities and equity		153,251,192	152,335,361
Common Stocks [Member]
Available for sale securities, at fair value
Available-for-sale	[4]	$ 13,607,356	8,534,109
Preferred Stocks [Member]
Available for sale securities, at fair value
Available-for-sale			$ 3,867,429
[1]	Par value $0.01; authorized: 2018 - 10,000,000 shares and 2017 - 10,000,000 shares; issued: 2018 - 3,500,000 shares and 2017 - 3,500,000 shares; outstanding: 2018 - 2,992,734 and 2017 - 3,171,878 shares.
[2]	2018 -196,721 shares and 2017 - 0 shares
[3]	2018 -310,545 shares and 2017 - 328,122 shares
[4]	At September 30, 2018, common stock securities consist primarily of individual common stocks. At December 31, 2017, common stock consisted of exchange trade funds (ETF) made up primarily of Dividends Select and the S&P 500.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Fixed maturity securities, amortized cost	$ 89,576,198	$ 87,773,047
Equity securities, amortized cost	13,137,108	11,414,491
Property held for investment, accumulated depreciation	196,793	127,161
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	$ 4,965,251	$ 4,896,042
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	3,500,000	3,500,000
Common stock, shares outstanding (in shares)	2,992,734	3,171,878
Treasury stock (in shares)	196,721	0
Unearned ESOP shares (in shares)	310,545	328,122
Common Stocks [Member]
Equity securities, amortized cost	$ 13,137,108	$ 7,631,180
Preferred Stocks [Member]
Equity securities, amortized cost	$ 0	$ 3,783,311

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]
Net premiums earned	$ 12,137,690	$ 11,191,448	$ 34,919,705	$ 32,740,312
Net investment income	735,683	688,134	2,124,059	1,849,421
Net realized investment gains (losses)	15,029	(1,833)	1,087,229	442,945
Other-than-temporary impairment losses				(57,316)
Other income	74,051	48,667	130,222	197,647
Consolidated revenues	12,962,453	11,926,416	38,261,215	35,173,009
Losses and settlement expenses	8,611,573	8,063,401	24,398,009	21,527,043
Policy acquisition costs and other operating expenses	4,475,659	4,344,129	13,089,081	12,799,079
Interest expense on debt	32,553	64,810	108,335	174,349
General corporate expenses	128,803	183,540	398,859	451,660
Total expenses	13,248,588	12,655,880	37,994,284	34,952,131
(Loss) Earnings before income taxes	(286,135)	(729,464)	266,931	220,878
Total income tax expense (benefit)	(77,569)	(380,681)	8,209	(44,260)
Net earnings (loss)	(208,566)	(348,783)	258,722	265,138
Other comprehensive earnings (loss), net of tax	213,059	297,680	(2,389,414)	894,588
Comprehensive earnings (loss)	$ 4,493	$ (51,103)	$ (2,130,692)	$ 1,159,726
Basic:
Basic net earnings (loss) per share	$ (0.07)	$ (0.11)	$ 0.08	$ 0.08
Diluted:
Diluted net earnings (loss) per share	$ (0.07)	$ (0.11)	$ 0.08	$ 0.08
Weighted average number of common shares outstanding:
Basic	3,135,277	3,153,876	3,165,239	3,154,992
Diluted	3,136,764	3,153,876	3,166,726	3,154,992

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net earnings	$ 258,722	$ 265,138
Adjustments to reconcile net earnings to net cash used in operating activities
Net realized investment gains	(1,087,229)	(442,945)
Other-than-temporary impairment losses		57,316
Depreciation	519,471	628,778
Deferred income tax	4,101	138,384
Amortization of bond premium and discount	239,029	228,760
Stock-based compensation expense	307,566
Change in:
Accrued investment income	27,598	(191,794)
Premiums and reinsurance balances receivable, (net)	(2,883,819)	(739,651)
Ceded unearned premiums	(430,781)	(26,376)
Reinsurance balances payable	908,323	69,210
Reinsurance balances recoverable	550,567	474,459
Deferred policy acquisition costs	(911,348)	(393,189)
Unpaid losses and settlement expenses	3,139,319	(265,388)
Unearned premiums	3,822,745	2,011,562
Accrued expenses	(548,197)	(755,035)
Current federal income tax	(9,086)	(779,648)
Other	(598,682)	343,091
Net cash provided by operating activities	3,308,299	622,672
Purchases of:
Fixed maturity securities, available-for-sale	(12,181,365)	(28,002,993)
Other invested assets	(39,200)
Property held for investment	(374,409)	(710,082)
Property and equipment	(444,603)	(422,364)
Proceeds from sales, maturities and calls of:
Fixed maturity securities, available-for-sale	10,181,569	5,670,040
Property and equipment	5,854	967
Net cash used in investing activities	(3,629,926)	(27,794,438)
Cash flows from financing activities:
Net proceeds received from issuance of shares of common stock		28,981,491
Proceeds from loans		3,499,149
Repayments of borrowed funds	(852,191)	(2,831,961)
Purchase of common stock	(2,999,995)
Net cash (used in) provided by financing activities	(3,852,186)	29,648,679
Net (decrease) increase in cash and cash equivalents	(4,173,813)	2,476,913
Cash and cash equivalents at beginning of year	6,876,519	4,376,847
Cash and cash equivalents at end of period	2,702,706	6,853,760
Supplemental information:
Federal income tax paid		600,000
Interest paid	140,881	141,098
Common Stocks [Member]
Purchases of:
Equity securities, available-for-sale	(13,932,332)	(5,900,497)
Proceeds from sales, maturities and calls of:
Equity securities, available-for-sale	9,367,763	2,154,214
Preferred Stocks [Member]
Purchases of:
Equity securities, available-for-sale	(140,925)	(638,922)
Proceeds from sales, maturities and calls of:
Equity securities, available-for-sale	$ 3,927,722	$ 55,199

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	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 Illinois Casualty Company (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.; ICC Realty, LLC, a real estate services and holding company; Beverage Insurance Agency, Inc., an inactive insurance agency; Estrella Innovative Solutions, Inc., an outsourcing company; and ICC, an operating insurance 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. 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, the Parent Company did not engage in any operations. Since the conversion, the Parent Company’s primary assets are the outstanding equity of ICC, ICC Realty, LLC, Estrella Innovative Solutions, Inc., Beverage Insurance Agency, Inc., 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.  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 28.0% and 31.3% of the premium is written in Illinois for the three months ended September 30, 2018 and 2017, respectively. For the nine months ended, September 30, 2018 and 2017, approximately 29.9% and 34.5% of the premium is written in Illinois, respectively. ICC sold its two wholly-owned subsidiaries, Beverage Insurance Agency, Inc. and Estrella Innovative Solutions, Inc. to ICC Holdings during the second quarter of 2018. ICC sold ICC Realty, LLC to its parent, ICC Holdings, Inc. during the fourth quarter of 2017. 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 Annual Report on Form 10-K , as amended for the year ended December 31, 2017 (the “2017 10-K”). 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, 2018 , 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 the 2017 10-K. The following are new or revised disclosures.  STOCK-BASED COMPENSATION  We have compensation plans under which stock-based awards may be granted to our employees as described in Note 8 – Employee Benefits . The Company recognizes the fair value of stock-based compensation ratably during each year through a charge to compensation expense and a corresponding entry to equity based on vesting criteria and other pertinent terms of the awards. Stock-based awards are accounted for as equity awards in instances where the awards’ vesting are linked to market, performance, or service condition. The Company granted Restricted Stock Units (RSUs) for the first time in February of 2018. Upon vesting of any outstanding RSUs, t he Company has the option to elect to pay cash or part cash and part Common Stock in lieu of delivering on shares of Common Stock for vested units. The Company’s intention is to settle vested units in Common Stock, and therefore the RSUs are accounted for as equity awards. Equity awards to employees are generally expensed based on the grant date fair value.  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. Dilutive earnings per share includes the effect of all potentially dilutive instruments, such as restricted stock units (RSUs), outstanding during the period.  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 2017 10-K /A . 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, 2018 and 2017 , the Company recognized no impairments. Property and equipment are summarized as follows:      As of  September 30, December 31,  2018 2017  Automobiles $ 626,208 $ 794,959  Furniture and fixtures 434,352 425,825  Computer equipment and software 3,551,408 3,404,975  Home office 3,846,097 3,774,187  Total cost 8,458,065 8,399,946  Accumulated depreciation (4,965,251) (4,896,042)  Net property and equipment $ 3,492,814 $ 3,503,904  F. COMPREHENSIVE EARNINGS  Comprehensive earnings (loss) include net earnings (loss) plus the change in 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 21% and a 34% tax rate fo r the periods ending September 30, 2018 and 2017 , respectively.  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,  2018 2017  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 $ 284,725 $ (59,794) $ 224,931 $ 449,199 $ (152,728) $ 296,471  Reclassification adjustment for (gains) losses included in net earnings (15,029) 3,157 (11,872) 1,833 (624) 1,209  Total other comprehensive (loss) earnings $ 269,696 $ (56,637) $ 213,059 $ 451,031 $ (153,352) $ 297,680      Nine-Month Periods Ended September 30,  2018 2017  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 $ (1,937,344) $ 406,840 $ (1,530,504) $ 1,741,067 $ (591,963) $ 1,149,104  Reclassification adjustment for (gains) losses included in net earnings (1,087,229) 228,319 (858,910) (385,629) 131,113 (254,516)  Total other comprehensive (loss) earnings $ (3,024,573) $ 635,159 $ (2,389,414) $ 1,355,438 $ (460,850) $ 894,588   The following table provides the reclassifications from accumulated other comprehensive earnings for the periods presented:      Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Details about Accumulated Other Three-Month Periods Ended September 30, Nine-Month Periods Ended September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2018 2017 2018 2017 where Net Earnings is Presented  Unrealized gains (losses) on AFS investments:  $ (15,029) $ 1,833 $ (1,087,229) $ (442,945) Net realized invesment losses (gains)  — — — 57,316 Other-than-temporary impairment losses  3,157 (624) 228,319 131,113 Income tax (benefit) expense  Total reclassification adjustment, net of tax $ (11,872) $ 1,209 $ (858,910) $ (254,516) 

Investments

Investments	9 Months Ended
	Sep. 30, 2018
Investments [Abstract]
Investments	2. INVESTMENTS  The Company’s investments are primarily composed of fixed income debt securities and common and preferred stock equity securities. All of the Company’s fixed maturity debt and equity 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.  Fixed Income Securities - Available-for-Sale  The following tables are 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 Three-Months Ended Ended September 30,  Net realized  Proceeds Gains Losses gain / (Loss)  2018  Fixed maturity securities $ 3,512,293 $ 45,130 $ (30,165) $ 14,965  Common stocks 533,388 61,330 (60,591) 739  Preferred stocks 66,000 — (675) (675)  2017  Fixed maturity securities $ 1,255,443 $ — $ — $ —  Common stocks 198,499 — (2,752) (2,752)  Preferred stocks 55,199 919 — 919      For the Nine-Months Ended September 30,  Net realized  Proceeds Gains Losses gain  2018  Fixed maturity securities $ 10,181,569 $ 97,917 $ (56,280) $ 41,637  Common stocks 9,367,763 1,164,192 (122,833) 1,041,359  Preferred stocks 3,927,722 86,863 (82,630) 4,233  2017  Fixed maturity securities $ 5,670,040 $ 29,328 $ (21) $ 29,307  Common stocks 2,154,214 415,472 (2,752) 412,720  Preferred stocks 55,199 919 — 919    The amortized cost and estimated fair value of fixed income securities at September 30, 2018 , by contractual maturity, are shown as follows:      Amortized Cost Fair Value  Due in one year or less $ 813,225 $ 821,742  Due after one year through five years 23,865,819 23,769,718  Due after five years through 10 years 11,956,466 12,044,355  Due after 10 years 16,553,033 16,647,419  Asset and mortgage backed securities without a specific due date 36,387,655 35,617,216  Total fixed maturity securities $ 89,576,198 $ 88,900,450  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 September 30, 2018 and December 31, 2017 :       Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2018  Fixed maturity securities:  U.S. treasury $ 1,348,107 $ 1,319,537 $ — $ (28,570)  MBS/ABS/CMBS 36,387,655 35,617,215 29,751 (800,191)  Corporate 32,701,336 32,652,681 347,244 (395,899)  Municipal 19,139,100 19,311,017 333,420 (161,503)  Total fixed maturity securities 89,576,198 88,900,450 710,415 (1,386,163)  Equity securities:  Common stocks 13,137,108 13,607,356 1,225,227 (754,979)  Preferred stocks — — — —  Total equity securities 13,137,108 13,607,356 1,225,227 (754,979)  Total AFS securities $ 102,713,306 $ 102,507,806 $ 1,935,642 $ (2,141,142)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2017  Fixed maturity securities:  U.S. treasury $ 1,346,712 $ 1,333,725 $ — $ (12,987)  MBS/ABS/CMBS 31,584,141 31,518,662 158,944 (224,423)  Corporate 31,038,526 31,989,174 1,001,906 (51,258)  Municipal 23,803,668 24,763,512 976,872 (17,028)  Total fixed maturity securities 87,773,047 89,605,073 2,137,722 (305,696)  Equity securities:  Common stocks 7,631,180 8,534,109 920,629 (17,700)  Preferred stocks 3,783,311 3,867,429 132,054 (47,936)  Total equity securities 11,414,491 12,401,538 1,052,683 (65,636)  Total AFS securities $ 99,187,538 $ 102,006,611 $ 3,190,405 $ (371,332)  All of the Company’s collaterized securities carry an average credit rating of AA+ by one or more major rating agency and continue to pay according to contractual terms. Included within MBS/ABS/CMBS, as defined in Note 3 – Fair Value Disclosures, are residential mortgage backed securities with fair values of $14,060,675 and $13,517,725 and commercial mortgage backed securities of $10,103,025 and $8,469,852 at September 30, 2018 and December 31, 2017 , 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, 2018 , and December 31, 2017 . 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, 2018 December 31, 2017  12 Months 12 Months  < 12 Months & Greater Total < 12 Months & Greater Total  U.S. treasury  Fair value $ 342,250 $ 977,287 $ 1,319,537 $ 1,038,297 $ 295,428 $ 1,333,725  Cost or amortized cost 348,124 999,983 1,348,107 1,046,508 300,204 1,346,712  Unrealized loss (5,874) (22,696) (28,570) (8,211) (4,776) (12,987)   MBS/ABS/CMBS  Fair value 21,088,559 7,245,861 28,334,420 9,754,119 7,445,071 17,199,190  Cost or amortized cost 21,443,390 7,691,221 29,134,611 9,778,528 7,645,085 17,423,613  Unrealized loss (354,831) (445,360) (800,191) (24,409) (200,014) (224,423)   Corporate  Fair value 17,985,164 1,498,716 19,483,880 5,583,942 2,023,856 7,607,798  Cost or amortized cost 18,320,100 1,559,679 19,879,779 5,610,093 2,048,963 7,659,056  Unrealized loss (334,936) (60,963) (395,899) (26,151) (25,107) (51,258)   Municipal  Fair value 8,435,081 829,523 9,264,604 478,019 1,171,520 1,649,539  Cost or amortized cost 8,553,627 872,480 9,426,107 479,904 1,186,663 1,666,567  Unrealized loss (118,546) (42,957) (161,503) (1,885) (15,143) (17,028)   Subtotal, fixed income  Fair value 47,851,054 10,551,387 58,402,441 16,854,377 10,935,875 27,790,252  Cost or amortized cost 48,665,241 11,123,363 59,788,604 16,915,033 11,180,915 28,095,948  Unrealized loss (814,187) (571,976) (1,386,163) (60,656) (245,040) (305,696)   Common stock  Fair value 5,618,996 5,618,996 637,100 — 637,100  Cost or amortized cost 6,373,975 — 6,373,975 654,800 — 654,800  Unrealized loss (754,979) — (754,979) (17,700) — (17,700)   Preferred stock  Fair value — — — 842,530 520,710 1,363,240  Cost or amortized cost — — — 870,755 540,421 1,411,176  Unrealized loss — — — (28,225) (19,711) (47,936)   Total  Fair value 53,470,050 10,551,387 64,021,437 18,334,007 11,456,585 29,790,592  Cost or amortized cost 55,039,216 11,123,363 66,162,579 18,440,588 11,721,336 30,161,924  Unrealized loss $ (1,569,166) $ (571,976) $ (2,141,142) $ (106,581) $ (264,751) $ (371,332)  As of September 30, 2018 , the Company held 129 common stock securities in an unrealized loss position. Of these 129 securities, none have been in an unrealized loss position for 12 consecutive months or longer. As of December 31, 2017 , the Company held 13 equity securities that were in unrealized loss positions. Of these 13 securities, five were in an unrealized loss position for 12 consecutive months or longer and represented $19,711 in unrealized losses.  The fixed income portfolio contained 143 securities in an unrealized loss position as of September 30, 2018 . Of these 143 securities, 31 have been in an unrealized loss position for 12 consecutive months or longer and represent $571,976 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. There were no other-than-temporary impairment losses recognized in net earnings during the first nine months ended September 30, 2018 . For the nine months ended, September 30, 2017 , the Company recognized in net earnings $57,316 of other-than-temporary impairment losses on an ETF included in common stock that was impaired during the second quarter of 2017 . The securities in an unrealized loss position were not other-than-temporarily impaired at September 30, 2018 and December 31, 2017 .  Other Invested Assets  Other invested assets include privately held investments, including membership in the Federal Home Loan Bank of Chicago (FHLBC), which occurred in February 2018 . Our investment in FHLBC stock is carried at cost. Due to the nature of our membership in the FHLBC, its carrying amount approximates fair value. As of September 30, 2018 , there were no investments pledged as collateral with the FHLBC. There may be investments pledged as collateral with the FHLBC to ensure timely access to the secured lending facility that ownership of FHLBC stock provides. As of and during the three and nine month periods ending September 30, 2018 , there were no outstanding borrowings with the FHLBC.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2018
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.  Assets measured at fair value on a recurring basis as of September 30, 2018 , 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 $ 1,319,537 $ — $ — $ 1,319,537  MBS/ABS/CMBS — 35,617,215 — 35,617,215  Corporate — 32,652,681 — 32,652,681  Municipal — 19,311,017 — 19,311,017  Total fixed maturity securities 1,319,537 87,580,913 — 88,900,450  Equity securities  Common stocks 13,607,356 — — 13,607,356  Preferred stocks — — — —  Total equity securities 13,607,356 — — 13,607,356  Total AFS securities $ 14,926,893 $ 87,580,913 $ — $ 102,507,806  Assets measured at fair value on a recurring basis as of December 31, 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 $ 1,333,725 $ — $ — $ 1,333,725  MBS/ABS/CMBS — 31,518,662 — 31,518,662  Corporate — 31,989,174 — 31,989,174  Municipal — 24,763,512 — 24,763,512  Total fixed maturity securities 1,333,725 88,271,348 — 89,605,073  Equity securities  Common stocks 8,534,109 — — 8,534,109  Preferred stocks — 3,867,429 — 3,867,429  Total equity securities 8,534,109 3,867,429 — 12,401,538  Total AFS securities $ 9,867,834 $ 92,138,777 $ — $ 102,006,611  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, 2018 , and December 31, 2017 . Additionally, there were no securities transferred in or out of Levels 1 or 2 during the nine -month periods ended September 30, 2018 and 2017 .

Debt

Debt	9 Months Ended
	Sep. 30, 2018
Debt [Abstract]
Debt	4. DEBT  As of September 30, 2018 and December 31, 2017 , outstanding debt balances totaled $3,487,017 and $4,339,208 , respectively. The average rate on remaining debt was 3.7 % as of September 30, 2018 , compared to 3.9% as of December 31, 2017 .  Long-term debt consists of the following as of the periods referenced below:      September 30, December 31,  2018 2017  Capital lease obligation $ — $ 805,013  Debt obligation 3,487,017 3,534,195  Total $ 3,487,017 $ 4,339,208  Leasehold Obligation  The Company entered into a sale leaseback arrangement in 2016 that was 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 remained 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 bonds totaling $923,563 and $923,766 as of March 31, 2018 and December 31, 2017. There was no gain or loss recognized as part of this transaction. On March 2, 2018 and March 7, 2018, the Company paid $404,928 and $346,000 , respectively to Bofi. These disbursements were made to pay off the balances of the sale leaseback arrangements. As a result of paying off the leasehold obligations during the first quarter of 2018, the bonds pledged as collateral related to this debt were released in April 2018. Lease payments totaled $- and $125,494 for the three months ended September 30, 2018 and 2017 , respectively. For the nine months ended September 30, 2018 and 2017 , lease payments totaled $70,051 and $376,485 , respectively. The outstanding lease obligation was $0 and $805,013 at September 30, 2018 and December 31, 2017 , respectively.  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 stock 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 $75,000 loan was paid off in March 2018. The total balance of the debt agreements at September 30, 2018 and December 31, 2017 was $3,487,017 and $3,534,195 , 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 initially entered into during 2013 and is renewed annually with a current expiration of August 5, 2019 . The line of credit is priced at 30 day LIBOR plus 2% with a floor of 3.5% . In order to secure the lowest rate possible, the Company pledged marketable securities not to exceed $5.0 million in the event the Company draws down on the line of credit. There was no interest paid on the line of credit during the nine months ended September 30, 2018 and no interest paid on the line of credit during the nine months ended September 30, 2017 . There are no financial covenants governing this agreement.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2018
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 $ 750,000 , 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,  2018 2017  WRITTEN  Direct $ 16,170,176 $ 14,117,001  Reinsurance assumed 16,199 114,391  Reinsurance ceded (2,988,813) (2,051,977)  Net $ 13,197,562 $ 12,179,415  EARNED  Direct $ 15,088,986 $ 13,131,193  Reinsurance assumed 17,500 111,311  Reinsurance ceded (2,968,796) (2,051,056)  Net $ 12,137,690 $ 11,191,448  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 10,513,847 $ 11,132,969  Reinsurance assumed 36,653 21,356  Reinsurance ceded (1,938,927) (3,090,924)  Net $ 8,611,573 $ 8,063,401      Nine-Month Periods Ended September 30,  2018 2017  WRITTEN  Direct $ 46,582,507 $ 40,526,640  Reinsurance assumed 108,686 217,776  Reinsurance ceded (8,379,524) (6,018,919)  Net $ 38,311,669 $ 34,725,497  EARNED  Direct $ 42,751,784 $ 38,504,368  Reinsurance assumed 116,663 228,486  Reinsurance ceded (7,948,742) (5,992,542)  Net $ 34,919,705 $ 32,740,312  LOSSES AND SETTLEMENT EXPENSES INCURRED  Direct $ 29,111,003 $ 27,585,807  Reinsurance assumed 71,410 83,814  Reinsurance ceded (4,784,404) (6,142,578)  Net $ 24,398,009 $ 21,527,043 

Unpaid Losses and Settlement Ex

Unpaid Losses and Settlement Expenses	9 Months Ended
	Sep. 30, 2018
Unpaid Losses and Settlement Expenses [Abstract]
Unpaid Losses and Settlement 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,  (In thousands) 2018 2017  Unpaid losses and settlement expense - beginning of the period:  Gross $ 51,074 $ 52,817  Less: Ceded 10,030 12,115  Net 41,044 40,702  Increase (decrease) in incurred losses and settlement expense:  Current year 22,587 22,897  Prior years 1,811 (1,370)  Total incurred 24,398 21,527  Deduct: Loss and settlement expense payments for claims incurred:  Current year 7,511 8,381  Prior years 13,197 12,937  Total paid 20,708 21,318  Net unpaid losses and settlement expense - end of the period 44,734 40,911  Plus: Reinsurance recoverable on unpaid losses 9,479 11,641  Gross unpaid losses and settlement expense - end of the period $ 54,213 $ 52,552

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Taxes [Abstract]
Income Taxes	7. INCOME TAXES  The Company’s effective tax rate for the nine month period ended September 30, 2018 , was 3.1% , compared to -20.0% for the same period in 2017 . Effective rates are dependent upon components of pretax earnings and the related tax effects.  The Tax Cuts and Jobs Act of 2017 (the Tax Act) lowered the federal corporate tax rate to 21% effective January 1, 2018. We are still analyzing certain aspects of the Tax Act and are refining our calculations of existing current and deferred tax amounts. No material changes were made to the tax effects recorded in 2017. Income tax expense for the three and nine -month periods ended September 30, 2018 and 2017 , differed from the amounts computed by applying the U.S. federal tax rate of 21 % and 34% , respectively, to pretax income from continuing operations as demonstrated in the following tables:      For the Three-Months Ended  September 30,  2018 2017  Provision for income taxes at the statutory federal tax rates $ (60,088) $ (248,016)  Increase (reduction) in taxes resulting from:  Dividends received deduction (8,951) (9,105)  Tax-exempt interest income (32,002) (73,260)  Proration of tax exempt interest and dividends received deduction 10,192 9,664  Officer life insurance, net 3,579 5,794  Nondeductible expenses 12,439 14,089  Prior year true-ups and other (2,738) (79,847)  Total $ (77,569) $ (380,681)       For the Nine-Months Ended  September 30,  2018 2017  Provision for income taxes at the statutory federal tax rates $ 56,056 $ 75,099  Increase (reduction) in taxes resulting from:  Dividends received deduction (26,852) (27,311)  Tax-exempt interest income (101,894) (165,241)  Proration of tax exempt interest and dividends received deduction 31,684 26,192  Officer life insurance, net 10,386 16,590  Nondeductible expenses 36,608 31,430  Prior year true-up and other 2,221 (1,019)  Total $ 8,209 $ (44,260)    The Company had historically recorded its deferred tax assets and liabilities using the statutory federal tax rate of 34%. As a result, the Company revalued deferred tax items as of December 31, 2017 to reflect the lower rate as provided for in the Tax Act . The Tax Act provides for a change in the methodology employed to calculate reserves for tax purposes. Beginning January 1, 2018, a higher interest rate assumption and longer payout patterns will be used to discount these reserves. In addition, companies will no longer be able to elect to use their own experience to discount reserves, but will instead be required to use the industry-based tables published by the I nternal R evenue Service (IR S ) annually; however, the 2018 tables have yet to be released. Consequently, the C ompany cannot reasonably estimate the impact this would have on deferred taxes at September 30, 2018 . 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, management believes that when these deferred items reverse in future years, taxable income will be taxed at a federal rate of 21%.  As of September 30, 2018 and December 31, 2017, the Company does not have any capital or operating loss carryforwards. Periods still subject to IRS audit include 2014 through current year. There are currently no open tax exams.

Employee Benefits

Employee Benefits	9 Months Ended
	Sep. 30, 2018
Employee Benefits [Abstract]
Employee Benefits	8. EMPLOYEE BENEFITS  ESOP  In connection with our conversion and public offering, we established 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 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, 2018 and 2017 , respectively.  A compensation expense charge is booked monthly 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 the nine months ended September 30, 2018 , we recognized compensation expense of $290,247 related to 17,577 shares of our common stock that are committed to be released to participants’ accounts at December 31, 2018. Of the 17,577 shares committed to be released, 1,932 shares were committed on September 30, 2018 and had no impact on the weighted average common shares outstanding for the three and nine months ended September 30, 2018 . For the nine months ended September 30, 2017 , we recognized compensation expense of $141,328 related to 8,680 shares of our common stock that were committed to be released to participants’ accounts at December 31, 2017 . Of the 8,680 shares committed to be released at December 31, 2017 , 2,389 shares were committed 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 .  RESTRICTED STOCK UNITS  RSUs were granted for the first time in February 2018. RSUs have a grant date value equal to the closing price of the Company’s stock on the dates the shares are granted. The RSUs vest 1/3 over three years from the date of grant.  As of September 30, 2018 , 11,700 RSUs have been granted at a fair market value of $15.10 . We recognized $14,844 and $35,818 of expense on these units in the three and nine months ended September 30, 2018 , respectively. Total unrecognized compensation expense relating to outstanding and unvested RSUs was $140,852 as of September 30, 2018 , which will be recognized over the remainder of the three -year vesting period.

Related Party

Related Party	9 Months Ended
	Sep. 30, 2018
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 $10,560 and $10,350 as of September 30, 2018 and 2017 , respectively, related to his services to the Company.  Mr. Kevin Clinton is a director of the Company and owns more than 10% of the Company’s outstanding shares of common stock. On September 7, 2018, t he Company repurchased from the Clinton-Flood Purchasers, as previously defined in our final prospectus filed with the SEC on February 13, 2017, which includes Mr. Kevin Clinton 196,721 shares of the Company’s common stock at a price of $15.25 per share. The Clinton-Flood Purchasers received a n aggregate payment of $2,999,995 during the three months ended September 30, 2018 related to the share repurchase. Mr. Clinton was paid $2,071 and $805 as of September 30, 2018 and 2017 , respectively, for travel reimbursement costs.  Mr. Scott T. Burgess is a director of the Company and a Senior Managing Director of Griffin Financial Group (Griffin). Mr. Burgess was paid $3,355 , and $2,690 as of September 30, 2018 and 2017 , respectively. Griffin was paid $0 and $893,240 as of September 30, 2018 and 2017 , respectively. Griffin and Stevens & Lee are affiliated. Stevens & Lee is a full-service law firm that was paid $85,841 and $46,286 as of September 30, 2018 and 2017 , respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	10. SUBSEQUENT EVENTS  Subsequent events have been evaluated through the date the financial statements were issued. 

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
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 Illinois Casualty Company (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.; ICC Realty, LLC, a real estate services and holding company; Beverage Insurance Agency, Inc., an inactive insurance agency; Estrella Innovative Solutions, Inc., an outsourcing company; and ICC, an operating insurance 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. 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, the Parent Company did not engage in any operations. Since the conversion, the Parent Company’s primary assets are the outstanding equity of ICC, ICC Realty, LLC, Estrella Innovative Solutions, Inc., Beverage Insurance Agency, Inc., 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.  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 28.0% and 31.3% of the premium is written in Illinois for the three months ended September 30, 2018 and 2017, respectively. For the nine months ended, September 30, 2018 and 2017, approximately 29.9% and 34.5% of the premium is written in Illinois, respectively. ICC sold its two wholly-owned subsidiaries, Beverage Insurance Agency, Inc. and Estrella Innovative Solutions, Inc. to ICC Holdings during the second quarter of 2018. ICC sold ICC Realty, LLC to its parent, ICC Holdings, Inc. during the fourth quarter of 2017. 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 Annual Report on Form 10-K , as amended for the year ended December 31, 2017 (the “2017 10-K”). 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, 2018 , 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.
Significant Accountnig Policies	C. SIGNIFICANT ACCOUNTING POLICIES  The Company reported significant accounting policies in the 2017 10-K. The following are new or revised disclosures.  STOCK-BASED COMPENSATION  We have compensation plans under which stock-based awards may be granted to our employees as described in Note 8 – Employee Benefits . The Company recognizes the fair value of stock-based compensation ratably during each year through a charge to compensation expense and a corresponding entry to equity based on vesting criteria and other pertinent terms of the awards. Stock-based awards are accounted for as equity awards in instances where the awards’ vesting are linked to market, performance, or service condition. The Company granted Restricted Stock Units (RSUs) for the first time in February of 2018. Upon vesting of any outstanding RSUs, t he Company has the option to elect to pay cash or part cash and part Common Stock in lieu of delivering on shares of Common Stock for vested units. The Company’s intention is to settle vested units in Common Stock, and therefore the RSUs are accounted for as equity awards. Equity awards to employees are generally expensed based on the grant date fair value.  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. Dilutive earnings per share includes the effect of all potentially dilutive instruments, such as restricted stock units (RSUs), outstanding during the period.
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 2017 10-K /A . 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, 2018 and 2017 , the Company recognized no impairments. Property and equipment are summarized as follows:      As of  September 30, December 31,  2018 2017  Automobiles $ 626,208 $ 794,959  Furniture and fixtures 434,352 425,825  Computer equipment and software 3,551,408 3,404,975  Home office 3,846,097 3,774,187  Total cost 8,458,065 8,399,946  Accumulated depreciation (4,965,251) (4,896,042)  Net property and equipment $ 3,492,814 $ 3,503,904 
Comprehensive Earnings	F. COMPREHENSIVE EARNINGS  Comprehensive earnings (loss) include net earnings (loss) plus the change in 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 21% and a 34% tax rate fo r the periods ending September 30, 2018 and 2017 , respectively.  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,  2018 2017  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 $ 284,725 $ (59,794) $ 224,931 $ 449,199 $ (152,728) $ 296,471  Reclassification adjustment for (gains) losses included in net earnings (15,029) 3,157 (11,872) 1,833 (624) 1,209  Total other comprehensive (loss) earnings $ 269,696 $ (56,637) $ 213,059 $ 451,031 $ (153,352) $ 297,680      Nine-Month Periods Ended September 30,  2018 2017  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 $ (1,937,344) $ 406,840 $ (1,530,504) $ 1,741,067 $ (591,963) $ 1,149,104  Reclassification adjustment for (gains) losses included in net earnings (1,087,229) 228,319 (858,910) (385,629) 131,113 (254,516)  Total other comprehensive (loss) earnings $ (3,024,573) $ 635,159 $ (2,389,414) $ 1,355,438 $ (460,850) $ 894,588   The following table provides the reclassifications from accumulated other comprehensive earnings for the periods presented:      Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Details about Accumulated Other Three-Month Periods Ended September 30, Nine-Month Periods Ended September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2018 2017 2018 2017 where Net Earnings is Presented  Unrealized gains (losses) on AFS investments:  $ (15,029) $ 1,833 $ (1,087,229) $ (442,945) Net realized invesment losses (gains)  — — — 57,316 Other-than-temporary impairment losses  3,157 (624) 228,319 131,113 Income tax (benefit) expense  Total reclassification adjustment, net of tax $ (11,872) $ 1,209 $ (858,910) $ (254,516) 

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2018
Summary of Significant Accounting Policies [Abstract]
Summary of Property, Plant and Equipment	   As of  September 30, December 31,  2018 2017  Automobiles $ 626,208 $ 794,959  Furniture and fixtures 434,352 425,825  Computer equipment and software 3,551,408 3,404,975  Home office 3,846,097 3,774,187  Total cost 8,458,065 8,399,946  Accumulated depreciation (4,965,251) (4,896,042)  Net property and equipment $ 3,492,814 $ 3,503,904 
Summary of Components of Other Comprehensive Earnings	    Three-Month Periods Ended September 30,  2018 2017  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 $ 284,725 $ (59,794) $ 224,931 $ 449,199 $ (152,728) $ 296,471  Reclassification adjustment for (gains) losses included in net earnings (15,029) 3,157 (11,872) 1,833 (624) 1,209  Total other comprehensive (loss) earnings $ 269,696 $ (56,637) $ 213,059 $ 451,031 $ (153,352) $ 297,680      Nine-Month Periods Ended September 30,  2018 2017  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 $ (1,937,344) $ 406,840 $ (1,530,504) $ 1,741,067 $ (591,963) $ 1,149,104  Reclassification adjustment for (gains) losses included in net earnings (1,087,229) 228,319 (858,910) (385,629) 131,113 (254,516)  Total other comprehensive (loss) earnings $ (3,024,573) $ 635,159 $ (2,389,414) $ 1,355,438 $ (460,850) $ 894,588 
Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnins	   Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Details about Accumulated Other Three-Month Periods Ended September 30, Nine-Month Periods Ended September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2018 2017 2018 2017 where Net Earnings is Presented  Unrealized gains (losses) on AFS investments:  $ (15,029) $ 1,833 $ (1,087,229) $ (442,945) Net realized invesment losses (gains)  — — — 57,316 Other-than-temporary impairment losses  3,157 (624) 228,319 131,113 Income tax (benefit) expense  Total reclassification adjustment, net of tax $ (11,872) $ 1,209 $ (858,910) $ (254,516) 

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2018
Investments [Abstract]
Summary of Recognized Impairments	     For the Three-Months Ended Ended September 30,  Net realized  Proceeds Gains Losses gain / (Loss)  2018  Fixed maturity securities $ 3,512,293 $ 45,130 $ (30,165) $ 14,965  Common stocks 533,388 61,330 (60,591) 739  Preferred stocks 66,000 — (675) (675)  2017  Fixed maturity securities $ 1,255,443 $ — $ — $ —  Common stocks 198,499 — (2,752) (2,752)  Preferred stocks 55,199 919 — 919      For the Nine-Months Ended September 30,  Net realized  Proceeds Gains Losses gain  2018  Fixed maturity securities $ 10,181,569 $ 97,917 $ (56,280) $ 41,637  Common stocks 9,367,763 1,164,192 (122,833) 1,041,359  Preferred stocks 3,927,722 86,863 (82,630) 4,233  2017  Fixed maturity securities $ 5,670,040 $ 29,328 $ (21) $ 29,307  Common stocks 2,154,214 415,472 (2,752) 412,720  Preferred stocks 55,199 919 — 919 
Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity	   Amortized Cost Fair Value  Due in one year or less $ 813,225 $ 821,742  Due after one year through five years 23,865,819 23,769,718  Due after five years through 10 years 11,956,466 12,044,355  Due after 10 years 16,553,033 16,647,419  Asset and mortgage backed securities without a specific due date 36,387,655 35,617,216  Total fixed maturity securities $ 89,576,198 $ 88,900,450 
Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments	     Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2018  Fixed maturity securities:  U.S. treasury $ 1,348,107 $ 1,319,537 $ — $ (28,570)  MBS/ABS/CMBS 36,387,655 35,617,215 29,751 (800,191)  Corporate 32,701,336 32,652,681 347,244 (395,899)  Municipal 19,139,100 19,311,017 333,420 (161,503)  Total fixed maturity securities 89,576,198 88,900,450 710,415 (1,386,163)  Equity securities:  Common stocks 13,137,108 13,607,356 1,225,227 (754,979)  Preferred stocks — — — —  Total equity securities 13,137,108 13,607,356 1,225,227 (754,979)  Total AFS securities $ 102,713,306 $ 102,507,806 $ 1,935,642 $ (2,141,142)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2017  Fixed maturity securities:  U.S. treasury $ 1,346,712 $ 1,333,725 $ — $ (12,987)  MBS/ABS/CMBS 31,584,141 31,518,662 158,944 (224,423)  Corporate 31,038,526 31,989,174 1,001,906 (51,258)  Municipal 23,803,668 24,763,512 976,872 (17,028)  Total fixed maturity securities 87,773,047 89,605,073 2,137,722 (305,696)  Equity securities:  Common stocks 7,631,180 8,534,109 920,629 (17,700)  Preferred stocks 3,783,311 3,867,429 132,054 (47,936)  Total equity securities 11,414,491 12,401,538 1,052,683 (65,636)  Total AFS securities $ 99,187,538 $ 102,006,611 $ 3,190,405 $ (371,332) 
Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position	   September 30, 2018 December 31, 2017  12 Months 12 Months  < 12 Months & Greater Total < 12 Months & Greater Total  U.S. treasury  Fair value $ 342,250 $ 977,287 $ 1,319,537 $ 1,038,297 $ 295,428 $ 1,333,725  Cost or amortized cost 348,124 999,983 1,348,107 1,046,508 300,204 1,346,712  Unrealized loss (5,874) (22,696) (28,570) (8,211) (4,776) (12,987)   MBS/ABS/CMBS  Fair value 21,088,559 7,245,861 28,334,420 9,754,119 7,445,071 17,199,190  Cost or amortized cost 21,443,390 7,691,221 29,134,611 9,778,528 7,645,085 17,423,613  Unrealized loss (354,831) (445,360) (800,191) (24,409) (200,014) (224,423)   Corporate  Fair value 17,985,164 1,498,716 19,483,880 5,583,942 2,023,856 7,607,798  Cost or amortized cost 18,320,100 1,559,679 19,879,779 5,610,093 2,048,963 7,659,056  Unrealized loss (334,936) (60,963) (395,899) (26,151) (25,107) (51,258)   Municipal  Fair value 8,435,081 829,523 9,264,604 478,019 1,171,520 1,649,539  Cost or amortized cost 8,553,627 872,480 9,426,107 479,904 1,186,663 1,666,567  Unrealized loss (118,546) (42,957) (161,503) (1,885) (15,143) (17,028)   Subtotal, fixed income  Fair value 47,851,054 10,551,387 58,402,441 16,854,377 10,935,875 27,790,252  Cost or amortized cost 48,665,241 11,123,363 59,788,604 16,915,033 11,180,915 28,095,948  Unrealized loss (814,187) (571,976) (1,386,163) (60,656) (245,040) (305,696)   Common stock  Fair value 5,618,996 5,618,996 637,100 — 637,100  Cost or amortized cost 6,373,975 — 6,373,975 654,800 — 654,800  Unrealized loss (754,979) — (754,979) (17,700) — (17,700)   Preferred stock  Fair value — — — 842,530 520,710 1,363,240  Cost or amortized cost — — — 870,755 540,421 1,411,176  Unrealized loss — — — (28,225) (19,711) (47,936)   Total  Fair value 53,470,050 10,551,387 64,021,437 18,334,007 11,456,585 29,790,592  Cost or amortized cost 55,039,216 11,123,363 66,162,579 18,440,588 11,721,336 30,161,924  Unrealized loss $ (1,569,166) $ (571,976) $ (2,141,142) $ (106,581) $ (264,751) $ (371,332) 

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2018 , 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 $ 1,319,537 $ — $ — $ 1,319,537  MBS/ABS/CMBS — 35,617,215 — 35,617,215  Corporate — 32,652,681 — 32,652,681  Municipal — 19,311,017 — 19,311,017  Total fixed maturity securities 1,319,537 87,580,913 — 88,900,450  Equity securities  Common stocks 13,607,356 — — 13,607,356  Preferred stocks — — — —  Total equity securities 13,607,356 — — 13,607,356  Total AFS securities $ 14,926,893 $ 87,580,913 $ — $ 102,507,806  Assets measured at fair value on a recurring basis as of December 31, 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 $ 1,333,725 $ — $ — $ 1,333,725  MBS/ABS/CMBS — 31,518,662 — 31,518,662  Corporate — 31,989,174 — 31,989,174  Municipal — 24,763,512 — 24,763,512  Total fixed maturity securities 1,333,725 88,271,348 — 89,605,073  Equity securities  Common stocks 8,534,109 — — 8,534,109  Preferred stocks — 3,867,429 — 3,867,429  Total equity securities 8,534,109 3,867,429 — 12,401,538  Total AFS securities $ 9,867,834 $ 92,138,777 $ — $ 102,006,611 

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt [Abstract]
Schedule of Long-Term Debt	   September 30, December 31,  2018 2017  Capital lease obligation $ — $ 805,013  Debt obligation 3,487,017 3,534,195  Total $ 3,487,017 $ 4,339,208 

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2018
Reinsurance [Abstract]
Summary of the Effects of Reinsurance	   Three-Month Periods Ended September 30,  2018 2017  WRITTEN  Direct $ 16,170,176 $ 14,117,001  Reinsurance assumed 16,199 114,391  Reinsurance ceded (2,988,813) (2,051,977)  Net $ 13,197,562 $ 12,179,415  EARNED  Direct $ 15,088,986 $ 13,131,193  Reinsurance assumed 17,500 111,311  Reinsurance ceded (2,968,796) (2,051,056)  Net $ 12,137,690 $ 11,191,448  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 10,513,847 $ 11,132,969  Reinsurance assumed 36,653 21,356  Reinsurance ceded (1,938,927) (3,090,924)  Net $ 8,611,573 $ 8,063,401      Nine-Month Periods Ended September 30,  2018 2017  WRITTEN  Direct $ 46,582,507 $ 40,526,640  Reinsurance assumed 108,686 217,776  Reinsurance ceded (8,379,524) (6,018,919)  Net $ 38,311,669 $ 34,725,497  EARNED  Direct $ 42,751,784 $ 38,504,368  Reinsurance assumed 116,663 228,486  Reinsurance ceded (7,948,742) (5,992,542)  Net $ 34,919,705 $ 32,740,312  LOSSES AND SETTLEMENT EXPENSES INCURRED  Direct $ 29,111,003 $ 27,585,807  Reinsurance assumed 71,410 83,814  Reinsurance ceded (4,784,404) (6,142,578)  Net $ 24,398,009 $ 21,527,043 

Unpaid Losses and Settlement _2

Unpaid Losses and Settlement Expenses (Tables)	9 Months Ended
	Sep. 30, 2018
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,  (In thousands) 2018 2017  Unpaid losses and settlement expense - beginning of the period:  Gross $ 51,074 $ 52,817  Less: Ceded 10,030 12,115  Net 41,044 40,702  Increase (decrease) in incurred losses and settlement expense:  Current year 22,587 22,897  Prior years 1,811 (1,370)  Total incurred 24,398 21,527  Deduct: Loss and settlement expense payments for claims incurred:  Current year 7,511 8,381  Prior years 13,197 12,937  Total paid 20,708 21,318  Net unpaid losses and settlement expense - end of the period 44,734 40,911  Plus: Reinsurance recoverable on unpaid losses 9,479 11,641  Gross unpaid losses and settlement expense - end of the period $ 54,213 $ 52,552 

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2018
Income Taxes [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	     For the Three-Months Ended  September 30,  2018 2017  Provision for income taxes at the statutory federal tax rates $ (60,088) $ (248,016)  Increase (reduction) in taxes resulting from:  Dividends received deduction (8,951) (9,105)  Tax-exempt interest income (32,002) (73,260)  Proration of tax exempt interest and dividends received deduction 10,192 9,664  Officer life insurance, net 3,579 5,794  Nondeductible expenses 12,439 14,089  Prior year true-ups and other (2,738) (79,847)  Total $ (77,569) $ (380,681)       For the Nine-Months Ended  September 30,  2018 2017  Provision for income taxes at the statutory federal tax rates $ 56,056 $ 75,099  Increase (reduction) in taxes resulting from:  Dividends received deduction (26,852) (27,311)  Tax-exempt interest income (101,894) (165,241)  Proration of tax exempt interest and dividends received deduction 31,684 26,192  Officer life insurance, net 10,386 16,590  Nondeductible expenses 36,608 31,430  Prior year true-up and other 2,221 (1,019)  Total $ 8,209 $ (44,260) 

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details)	Mar. 28, 2017USD ($)	Mar. 17, 2017USD ($)shares	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018USD ($)segment	Sep. 30, 2017USD ($)	Jun. 30, 2018item	Mar. 24, 2017shares
Summary Of Significant Accounting Policies [Line Items]
Number of subsidiaries | item							2
Impairment					$ 0	$ 0
Federal tax rate					21.00%	34.00%
Employee stock ownership plan, shares | shares								350,000
Underwriting fees paid	$ 1,000,000
Net proceeds received from issuance of shares of common stock	$ 28,700,000					$ 28,981,491
Operating segments | segment					1
Illinois [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk			28.00%	31.30%	29.90%	34.50%
Surplus Notes [Member]
Summary Of Significant Accounting Policies [Line Items]
Notes converted		$ 1,650,000
Debt converted, shares issued | shares		165,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Summary of Property, Plant and Equipment) (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total cost	$ 8,458,065	$ 8,399,946
Accumulated depreciation	(4,965,251)	(4,896,042)
Net property and equipent	3,492,814	3,503,904
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Total cost	626,208	794,959
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total cost	434,352	425,825
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Total cost	3,551,408	3,404,975
Home Office [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 3,846,097	$ 3,774,187

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Summary of Components of Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Unrealized holding (losses) gains arising during the period, Pre-tax	$ 284,725	$ 449,199	$ (1,937,344)	$ 1,741,067
Reclassification adjustment for (gains) losses included in net earnings, Pre-tax	(15,029)	1,833	(1,087,229)	(385,629)
Total other comprehensive (loss) earnings, Pre-tax	269,696	451,031	(3,024,573)	1,355,438
Unrealized holding (losses) gains arising during the period, Tax	(59,794)	(152,728)	406,840	(591,963)
Reclassification adjustment for (gains) losses included in net earnings, Tax	3,157	(624)	228,319	131,113
Total other comprehensive (loss) earnings, Tax	(56,637)	(153,352)	635,159	(460,850)
Unrealized holding (losses) gains arising during the period, After-tax	224,931	296,471	(1,530,504)	1,149,104
Reclassification adjustment for (gains) losses included in net earnings, After-tax	(11,872)	1,209	(858,910)	(254,516)
Total other comprehensive (loss) earnings	$ 213,059	$ 297,680	$ (2,389,414)	$ 894,588

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Schedule of Reclassification Out of Accumulated Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment loses (gains)	$ (15,029)	$ 1,833	$ (1,087,229)	$ (442,945)
Other-than-temporary impairment losses				57,316
Income tax (benefit) expense	(77,569)	(380,681)	8,209	(44,260)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	(11,872)	1,209	(858,910)	(254,516)
Unrealized Gains 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 loses (gains)	(15,029)	1,833	(1,087,229)	(442,945)
Other-than-temporary impairment losses				57,316
Income tax (benefit) expense	$ 3,157	$ (624)	$ 228,319	$ 131,113

Investments (Narrative) (Detail

Investments (Narrative) (Details)	9 Months Ended
	Sep. 30, 2018USD ($)item	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)item
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer	$ 571,976		$ 264,751
OTTI losses recognized in other comprehensive earnings	0	$ 57,316
Securities pledged	0
FHLBC outstanding balance	$ 0
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item	129
Number of securities in an unrealized loss position for 12 consecutive months or longer | item	0
Unrealized losses for 12 consecutive months or longer
Preferred Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item			13
Number of securities in an unrealized loss position for 12 consecutive months or longer | item			5
Unrealized losses for 12 consecutive months or longer			$ 19,711
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item	143
Number of securities in an unrealized loss position for 12 consecutive months or longer | item	31
Unrealized losses for 12 consecutive months or longer	$ 571,976		245,040
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer	445,360		200,014
MBS/ABS/CMBS [Member] | Residential Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	14,060,675		13,517,725
MBS/ABS/CMBS [Member] | Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	10,103,025		$ 8,469,852
Significant Unobservable Inputs (Level 3)
Schedule of Available-for-sale Securities [Line Items]
Fair value	$ 0

Investments (Summary of Recogni

Investments (Summary of Recognized Impairments) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Fixed maturity securities, available-for-sale			$ 10,181,569	$ 5,670,040
Fixed Maturity Securities [Member]
Fixed maturity securities, available-for-sale	$ 3,512,293	$ 1,255,443	10,181,569	5,670,040
Gains	45,130		97,917	29,328
Losses	(30,165)		(56,280)	(21)
Net realized gain / (Loss)	14,965		41,637	29,307
Common Stocks [Member]
Fixed maturity securities, available-for-sale	533,388	198,499	9,367,763	2,154,214
Gains	61,330		1,164,192	415,472
Losses	(60,591)	(2,752)	(122,833)	(2,752)
Net realized gain / (Loss)	739	(2,752)	1,041,359	412,720
Preferred Stocks [Member]
Fixed maturity securities, available-for-sale	66,000	55,199	3,927,722	55,199
Gains		919	86,863	919
Losses	(675)		(82,630)
Net realized gain / (Loss)	$ (675)	$ 919	$ 4,233	$ 919

Investments (Summary of Amortiz

Investments (Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Investments [Abstract]
Due in one year or less, amortized cost	$ 813,225
Due after one year through five years, amortized cost	23,865,819
Due after five years through 10 years, amortized cost	11,956,466
Due after 10 years, amortized cost	16,553,033
Asset and mortgage backed securities without a specific due date, amortized cost	36,387,655
Fixed maturity securities, amortized cost	89,576,198	$ 87,773,047
Due in one year or less, fair value	821,742
Due after one year through five years, fair value	23,769,718
Due after five years through 10 years, fair value	12,044,355
Due after 10 years, fair value	16,647,419
Asset and mortgage backed securities witout a specific due date, fair value	35,617,216
Fixed maturity securities, fair value	$ 88,900,450	$ 89,605,073

Investments (Schedule of Cost o

Investments (Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments) (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	$ 89,576,198	$ 87,773,047
Equity securities, amortized cost	13,137,108	11,414,491
AFS securities, amortized cost	102,713,306	99,187,538
Fixed maturity securities	88,900,450	89,605,073
Equity securities	13,607,356	12,401,538
AFS securities, fair value	102,507,806	102,006,611
Fixed maturity securities, gross unrealized gains	710,415	2,137,722
Equity securities, gross unrealized gains	1,225,227	1,052,683
Total AFS securities, gross unrealized gains	1,935,642	3,190,405
Fixed maturity securities, gross unrealized losses	(1,386,163)	(305,696)
Equity securities, gross unrealized losses	(754,979)	(65,636)
Total AFS securities, gross unrealized losses	(2,141,142)	(371,332)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	1,348,107	1,346,712
Fixed maturity securities	1,319,537	1,333,725
Fixed maturity securities, gross unrealized losses	(28,570)	(12,987)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	36,387,655	31,584,141
Fixed maturity securities	35,617,215	31,518,662
Fixed maturity securities, gross unrealized gains	29,751	158,944
Fixed maturity securities, gross unrealized losses	(800,191)	(224,423)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	32,701,336	31,038,526
Fixed maturity securities	32,652,681	31,989,174
Fixed maturity securities, gross unrealized gains	347,244	1,001,906
Fixed maturity securities, gross unrealized losses	(395,899)	(51,258)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	19,139,100	23,803,668
Fixed maturity securities	19,311,017	24,763,512
Fixed maturity securities, gross unrealized gains	333,420	976,872
Fixed maturity securities, gross unrealized losses	(161,503)	(17,028)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, amortized cost	13,137,108	7,631,180
Equity securities	13,607,356	8,534,109
Equity securities, gross unrealized gains	1,225,227	920,629
Equity securities, gross unrealized losses	$ (754,979)	(17,700)
Preferred Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, amortized cost		3,783,311
Equity securities		3,867,429
Equity securities, gross unrealized gains		132,054
Equity securities, gross unrealized losses		$ (47,936)

Investments (Summary of Impairm

Investments (Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position) (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	$ 53,470,050	$ 18,334,007
Greater than 12 months, fair value	10,551,387	11,456,585
Fair value	64,021,437	29,790,592
Less than 12 months, Cost or amortized cost	55,039,216	18,440,588
Greater than 12 months, Cost or amortized cost	11,123,363	11,721,336
Cost or amortized cost	66,162,579	30,161,924
Less than 12 months, unrealized losses	(1,569,166)	(106,581)
Greater than 12 months, unrealized losses	(571,976)	(264,751)
Unrealized losses	(2,141,142)	(371,332)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	342,250	1,038,297
Greater than 12 months, fair value	977,287	295,428
Fair value	1,319,537	1,333,725
Less than 12 months, Cost or amortized cost	348,124	1,046,508
Greater than 12 months, Cost or amortized cost	999,983	300,204
Cost or amortized cost	1,348,107	1,346,712
Less than 12 months, unrealized losses	(5,874)	(8,211)
Greater than 12 months, unrealized losses	(22,696)	(4,776)
Unrealized losses	(28,570)	(12,987)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	21,088,559	9,754,119
Greater than 12 months, fair value	7,245,861	7,445,071
Fair value	28,334,420	17,199,190
Less than 12 months, Cost or amortized cost	21,443,390	9,778,528
Greater than 12 months, Cost or amortized cost	7,691,221	7,645,085
Cost or amortized cost	29,134,611	17,423,613
Less than 12 months, unrealized losses	(354,831)	(24,409)
Greater than 12 months, unrealized losses	(445,360)	(200,014)
Unrealized losses	(800,191)	(224,423)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	17,985,164	5,583,942
Greater than 12 months, fair value	1,498,716	2,023,856
Fair value	19,483,880	7,607,798
Less than 12 months, Cost or amortized cost	18,320,100	5,610,093
Greater than 12 months, Cost or amortized cost	1,559,679	2,048,963
Cost or amortized cost	19,879,779	7,659,056
Less than 12 months, unrealized losses	(334,936)	(26,151)
Greater than 12 months, unrealized losses	(60,963)	(25,107)
Unrealized losses	(395,899)	(51,258)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	8,435,081	478,019
Greater than 12 months, fair value	829,523	1,171,520
Fair value	9,264,604	1,649,539
Less than 12 months, Cost or amortized cost	8,553,627	479,904
Greater than 12 months, Cost or amortized cost	872,480	1,186,663
Cost or amortized cost	9,426,107	1,666,567
Less than 12 months, unrealized losses	(118,546)	(1,885)
Greater than 12 months, unrealized losses	(42,957)	(15,143)
Unrealized losses	(161,503)	(17,028)
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	47,851,054	16,854,377
Greater than 12 months, fair value	10,551,387	10,935,875
Fair value	58,402,441	27,790,252
Less than 12 months, Cost or amortized cost	48,665,241	16,915,033
Greater than 12 months, Cost or amortized cost	11,123,363	11,180,915
Cost or amortized cost	59,788,604	28,095,948
Less than 12 months, unrealized losses	(814,187)	(60,656)
Greater than 12 months, unrealized losses	(571,976)	(245,040)
Unrealized losses	(1,386,163)	(305,696)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	5,618,996	637,100
Greater than 12 months, fair value
Fair value	5,618,996	637,100
Less than 12 months, Cost or amortized cost	6,373,975	654,800
Greater than 12 months, Cost or amortized cost
Cost or amortized cost	6,373,975	654,800
Less than 12 months, unrealized losses	(754,979)	(17,700)
Greater than 12 months, unrealized losses
Unrealized losses	(754,979)	(17,700)
Preferred Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		842,530
Greater than 12 months, fair value		520,710
Fair value		1,363,240
Less than 12 months, Cost or amortized cost		870,755
Greater than 12 months, Cost or amortized cost		540,421
Cost or amortized cost		1,411,176
Less than 12 months, unrealized losses		(28,225)
Greater than 12 months, unrealized losses		(19,711)
Unrealized losses		$ (47,936)

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Securities transferred from level 1 to level 2	$ 0	$ 0
Securities transferred from level 2 to level 1	$ 0	$ 0

Fair Value Disclosures (Summary

Fair Value Disclosures (Summary of Assets Measured at Fair Value on a recurring Basis) (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	$ 0	$ 0
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	102,507,806	102,006,611
Fair Value, Measurements, Recurring [Member] | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,319,537	1,333,725
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	35,617,215	31,518,662
Fair Value, Measurements, Recurring [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	32,652,681	31,989,174
Fair Value, Measurements, Recurring [Member] | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	19,311,017	24,763,512
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	88,900,450	89,605,073
Fair Value, Measurements, Recurring [Member] | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	13,607,356	8,534,109
Fair Value, Measurements, Recurring [Member] | Preferred Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities		3,867,429
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	13,607,356	12,401,538
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	14,926,893	9,867,834
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,319,537	1,333,725
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | 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 Prices in Active Markets for Identical Assets (Level 1) | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,319,537	1,333,725
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	13,607,356	8,534,109
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Preferred Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	13,607,356	8,534,109
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	87,580,913	92,138,777
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | 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) | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	35,617,215	31,518,662
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	32,652,681	31,989,174
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	19,311,017	24,763,512
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	87,580,913	88,271,348
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | 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) | Preferred Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities		3,867,429
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities		3,867,429
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3)
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) | 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) | 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) | 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) | 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) | 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) | 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) | Preferred 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) | 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. 07, 2018USD ($)	Mar. 02, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)item	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Corporate debt					$ 3,487,017			$ 3,487,017		$ 4,339,208
Current interest rate								3.70%		3.90%
Revolver
Debt Instrument [Line Items]
Interest expense								$ 0	$ 0
Debt maturity								Aug. 5, 2019
Collateral					5,000,000			$ 5,000,000
Maximum borrowing capacity					$ 1,750,000			$ 1,750,000
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Revolver
Debt Instrument [Line Items]
Variable interest rate								2.00%
London Interbank Offered Rate (LIBOR) [Member] | Maximum | Revolver
Debt Instrument [Line Items]
Variable interest rate								3.50%
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Interest rate					4.70%			4.70%
Collateral			$ 923,563			$ 923,563				$ 923,766
Gain (loss) on capital lease						$ 0				0
Lease payments	$ 346,000	$ 404,928			$ 0		$ 125,494	$ 70,051	$ 376,485
Outstanding lease obligation					$ 0			$ 0		805,013
Debt Obligation [Member]
Debt Instrument [Line Items]
Face amount of debt instrument											$ 3,500,000
Interest rate					3.65%			3.65%
Debt					$ 3,487,017			$ 3,487,017		$ 3,534,195
Collateral					1,500,000			$ 1,500,000
Term of debt instrument								5 years
Debt Obligation [Member] | Bofi Federal Bank B [Member]
Debt Instrument [Line Items]
Repayments of borrowed funds				$ 500,000
Face amount of debt instrument					500,000			$ 500,000
Debt Obligation [Member] | Bofi Federal Bank C [Member]
Debt Instrument [Line Items]
Repayments of borrowed funds			$ 75,000
Face amount of debt instrument					75,000			75,000
Debt Obligation [Member] | Bofi Federal Bank B & C [Member]
Debt Instrument [Line Items]
Face amount of debt instrument					500,000			$ 500,000
Number of debt agreements | item										2
Optional prepayment term								12 months
Debt					$ 3,487,017			$ 3,487,017		$ 3,534,195
Term of debt instrument								36 months

Debt (Schedule of Long-Term Deb

Debt (Schedule of Long-Term Debt) (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total	$ 3,487,017	$ 4,339,208
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Capital lease obligation		805,013
Debt Obligation [Member]
Debt Instrument [Line Items]
Debt	$ 3,487,017	$ 3,534,195

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details)	9 Months Ended
	Sep. 30, 2018USD ($)
Reinsurance [Abstract]
Individual risk	$ 750,000

Reinsurance (Summary of the Eff

Reinsurance (Summary of the Effects of Reinsurance) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
WRITTEN
Direct	$ 16,170,176	$ 14,117,001	$ 46,582,507	$ 40,526,640
Reinsurance assumed	16,199	114,391	108,686	217,776
Reinsurance ceded	(2,988,813)	(2,051,977)	(8,379,524)	(6,018,919)
Net	13,197,562	12,179,415	38,311,669	34,725,497
EARNED
Direct	15,088,986	13,131,193	42,751,784	38,504,368
Reinsurance assumed	17,500	111,311	116,663	228,486
Reinsurance ceded	(2,968,796)	(2,051,056)	(7,948,742)	(5,992,542)
Net	12,137,690	11,191,448	34,919,705	32,740,312
LOSS AND SETTLEMENT EXPENSES INCURRED
Direct	10,513,847	11,132,969	29,111,003	27,585,807
Reinsurance assumed	36,653	21,356	71,410	83,814
Reinsurance ceded	(1,938,927)	(3,090,924)	(4,784,404)	(6,142,578)
Net	$ 8,611,573	$ 8,063,401	$ 24,398,009	$ 21,527,043

Unpaid Losses and Settlement _3

Unpaid Losses and Settlement Expenses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Unpaid losses and settlement expense - beginning of the period:
Gross			$ 51,074,126	$ 52,817,000
Less: Ceded			10,029,834	12,115,000
Net			41,044,000	40,702,000
Increase (decrease) in incurred losses and settlement expense:
Current year			22,587,000	22,897,000
Prior years			1,811,000	(1,370,000)
Net	$ 8,611,573	$ 8,063,401	24,398,009	21,527,043
Deduct: Loss and settlement expense payments for claims incurred:
Current year			7,511,000	8,381,000
Prior years			13,197,000	12,937,000
Total paid			20,708,000	21,318,000
Net unpaid losses and settlement expense - end of the period	44,734,000	40,911,000	44,734,000	40,911,000
Plus: Reinsurance recoverable on unpaid losses	9,479,267	11,641,000	9,479,267	11,641,000
Gross unpaid losses and settlement expense - end of the period	$ 54,213,445	$ 52,552,000	$ 54,213,445	$ 52,552,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Income Taxes [Abstract]
Federal tax rate	21.00%	34.00%
Effective tax rate	3.10%	(20.00%)
Capital loss carryforward	$ 0		$ 0
Operating loss carryforward	$ 0		$ 0

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Taxes [Abstract]
Provision for income taxes at the statutory federal tax rates	$ (60,088)	$ (248,016)	$ 56,056	$ 75,099
Increase (reduction) in taxes resulting from:
Dividends received deduction	(8,951)	(9,105)	(26,852)	(27,311)
Tax-exempt interest income	(32,002)	(73,260)	(101,894)	(165,241)
Proration of tax exempt interest and dividends received decution	10,192	9,664	31,684	26,192
Officer life insurance, net	3,579	5,794	10,386	16,590
Nondeductible expenses	12,439	14,089	36,608	31,430
Prior year true-ups and other	(2,738)	(79,847)	2,221	(1,019)
Total income tax expense	$ (77,569)	$ (380,681)	$ 8,209	$ (44,260)

Employee Benefits (Details)

Employee Benefits (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee stock ownership plan, shares	350,000		350,000
Employee stock ownership plan, share purchase price			$ 10
Contributions to ESOP			$ 0	$ 0
Shares committed		2,389		2,389
Restricted Stock Units (RSUs)
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shaes granted			11,700
Fair value of shares granted			$ 15.10
Share compensation expense	$ 14,844		$ 35,818
Unrecognized compensation expense	$ 140,852		$ 140,852
Vesting period			3 years
December 31, 2018 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense			$ 290,247
Shares committed to be released	17,577		17,577
June 30, 2018 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shares committed to be released	1,932		1,932
Impact on weighted average shares outstanding	0		0
December 31, 2017 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense				$ 141,328
Shares committed to be released		8,680		8,680
Impact on weighted average shares outstanding		0		0

Related Party (Details)

Related Party (Details)	Sep. 07, 2018USD ($)$ / sharesshares	Mar. 17, 2017USD ($)loanshares	Mar. 31, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)
John R. Klockau [Member]
Related Party Transaction [Line Items]
Fees paid to related party				$ 10,560	$ 10,350
Kevin Clinton [Member]
Related Party Transaction [Line Items]
Fees paid to related party				2,071	805
Shares repurchased | shares	196,721
stock price | $ / shares	$ 15.25
Stock repurchased	$ 2,999,995
Scott T. Burgess [Member]
Related Party Transaction [Line Items]
Fees paid to related party				3,355	2,690
Griffin Financial Group [Member]
Related Party Transaction [Line Items]
Fees paid to related party				0	893,240
Griffin and Stevens & Lee [Member]
Related Party Transaction [Line Items]
Fees paid to related party				$ 85,841	$ 46,286
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]
Number of notes held | loan		2
Notes converted		$ 1,150,000
Debt converted, shares issued | shares		115,000
Debt converted, interest payment			$ 12,975