ICC (ICCH) 10-Q 15 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 13, 2019
Document And Entity Information
Entity Registrant Name	ICC Holdings, Inc.
Entity Central Index Key	0001681903
Trading Symbol	ICCH
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
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 ($)		Mar. 31, 2019	Dec. 31, 2018
Investments and cash:
Fixed maturity securities (amortized cost - $88,333,116 at 3/31/2019 and $89,252,906 at 12/31/2018)		$ 89,927,455	$ 88,981,159
Available-for-sale		13,701,398	11,843,223
Other invested assets		243,200	154,200
Property held for investment, at cost, net of accumulated depreciation of $248,310 at 3/31/2019 and $222,825 at 12/31/2018		3,560,838	3,586,273
Cash and cash equivalents		6,409,153	4,644,784
Total investments and cash		113,842,044	109,209,639
Accrued investment income		681,569	648,321
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $50,000 at 3/31/2019 and 12/31/2018		22,081,040	21,404,344
Ceded unearned premiums		783,694	796,065
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 at 3/31/2019 and 12/31/2018		15,108,689	6,735,964
Federal income taxes		1,253,256	1,868,669
Deferred policy acquisition costs, net		5,243,470	5,247,188
Property and equipment, at cost, net of accumulated depreciation of $5,250,364 at 3/31/2019 and $5,099,090 at 12/31/2018		3,229,627	3,332,810
Other assets		1,046,815	1,040,193
Total assets		163,270,204	150,283,193
Liabilities:
Unpaid losses and settlement expenses		61,017,342	51,447,440
Unearned premiums		29,983,133	29,972,623
Reinsurance balances payable		4,544,231	993,004
Corporate debt		3,484,606	3,484,606
Accrued expenses		2,570,332	4,536,218
Other liabilities		1,217,501	1,256,003
Total liabilities		102,817,145	91,689,894
Equity:
Common stock	[1]	35,000	35,000
Treasury stock, at cost	[2]	(3,001,395)	(2,999,995)
Additional paid-in capital		32,545,836	32,505,423
Accumulated other comprehensive earnings (loss), net of tax		1,259,530	(1,580,976)
Retained earnings		32,603,153	33,680,702
Less: Unearned Employee Stock Ownership Plan shares at cost	[3]	(2,989,065)	(3,046,855)
Total equity		60,453,059	58,593,299
Total liabilities and equity		$ 163,270,204	$ 150,283,193
[1]	Par value $0.01; authorized: 2019 - 10,000,000 shares and 2018 - 10,000,000 shares; issued: 2019 - 3,500,000 shares and 2018 - 3,500,000 shares; outstanding: 2019 - 3,004,273 and 2018 - 2,992,734 shares.
[2]	22019 - 196,821 shares and 2018 - 196,721 shares
[3]	32019 -298,906 shares and 2018 -304,685 shares

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Condensed Consolidated Balance Sheets [Abstract]
Fixed maturity securities, amortized cost	$ 88,333,116	$ 89,252,906
Equity securities, amortized cost	13,562,127	13,572,713
Property held for investment, accumulated depreciation	248,310	222,825
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	$ 5,250,364	$ 5,099,090
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)	3,004,273	2,992,734
Treasury stock (in shares)	196,821	196,721
Unearned Employee Stock Ownership Plan	298,906	304,685

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]
Net premiums earned	$ 12,445,914	$ 11,296,944
Net investment income	795,373	702,884
Net realized investment (losses) gains	(47,426)	1,102,130
Net unrealized gains on equity securities	1,840,418
Other (loss) income	(53,887)	56,678
Consolidated revenues	14,980,392	13,158,636
Losses and settlement expenses	9,607,290	7,995,849
Policy acquisition costs and other operating expenses	4,850,186	4,137,351
Interest expense on debt	32,014	48,161
General corporate expenses	143,161	136,250
Total expenses	14,632,651	12,317,611
Earnings before income taxes	347,741	841,025
Total income tax expense (benefit)	58,993	165,198
Net earnings	288,748	675,827
Other comprehensive earnings (loss), net of tax	1,474,209	(2,567,077)
Comprehensive earnings (loss)	$ 1,762,957	$ (1,891,250)
Basic:
Basic net earnings per share	$ 0.10	$ 0.21
Diluted:
Diluted net earnings per share	$ 0.10	$ 0.21
Weighted average number of common shares outstanding:
Basic	2,999,068	3,173,807
Diluted	3,000,770	3,174,234

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders’ Equity - USD ($)		Common Stock [Member]	Treasury Stock [Member]	Unearned ESOP [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings (Loss) [Member]	Total
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2017		$ 35,000		$ (3,281,220)	$ 32,333,290	$ 32,787,406	$ 2,227,069	$ 64,101,545
Net earnings						675,827		675,827
Other comprehensive earnings (loss), net of tax							(2,567,077)	(2,567,077)
Restricted stock unit expense					6,293			6,293
ESOP shares released				57,949	32,293			90,242
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2018		35,000		(3,223,271)	32,371,876	33,463,233	(340,008)	62,306,830
Cumulative-effect adjustment from ASU 2016-01								1,400,000
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018		35,000	$ (2,999,995)	(3,046,855)	32,505,423	33,680,702	(1,580,976)	58,593,299
Purchase of common stock			(1,400)					(1,400)
Net earnings						288,748		288,748
Other comprehensive earnings (loss), net of tax							1,474,209	1,474,209
Restricted stock unit expense				0	18,773			18,773
ESOP shares released				57,790	21,640			79,430
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2019		$ 35,000	$ (3,001,395)	$ (2,989,065)	$ 32,545,836	32,603,153	1,259,530	$ 60,453,059
Cumulative-effect adjustment from ASU 2016-01	[1]					$ (1,366,297)	$ 1,366,297
[1]	See discussion of Accounting Standards Update 2016-01 adoption in Note 1 - Summary of Significant Accounting Policies

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net earnings	$ 288,748	$ 675,827
Adjustments to reconcile net earnings to net cash provided by operating activities
Net realized investment losses (gains)	47,426	(1,102,130)
Net unrealized gains on equity securities	(1,840,418)
Depreciation	199,126	131,273
Deferred income tax	375,879	12,135
Amortization of bond premium and discount	57,625	87,514
Stock-based compensation expense	98,203
Change in:
Accrued investment income	(33,248)	(16,348)
Premiums and reinsurance balances receivable	(676,696)	(921,039)
Ceded unearned premiums	12,371	(219,051)
Reinsurance balances payable	3,551,227	355,594
Reinsurance balances recoverable	(8,372,725)	265,496
Deferred policy acquisition costs	3,718	72,825
Unpaid losses and settlement expenses	9,569,902	369,977
Unearned premiums	10,510	895,609
Accrued expenses	(1,965,886)	(1,802,486)
Current federal income tax	(152,343)	127,018
Other	(45,124)	(430,656)
Net cash provided by (used in) operating activities	1,128,295	(1,498,442)
Purchases of:
Fixed maturity securities	(4,902,758)	(6,227,279)
Other invested assets	(104,000)	(39,200)
Property held for investment	(50)	(33,703)
Property and equipment	(75,726)	(165,674)
Proceeds from sales, maturities and calls of:
Fixed maturity securities	5,778,893	4,070,941
Property and equipment	5,268	44,536
Net cash provided by (used in) investing activities	637,473	(3,098,100)
Cash flows from financing activities:
Net proceeds received from issuance of shares of common stock		96,535
Repayments of borrowed funds		(848,132)
Purchase of common stock	(1,400)
Net cash used in financing activities	(1,400)	(751,597)
Net increase (decrease) in cash and cash equivalents	1,764,368	(5,348,139)
Cash and cash equivalents at beginning of year	4,644,784	6,876,519
Cash and cash equivalents at end of period	6,409,153	1,528,380
Supplemental information:
Federal income tax paid	164,543
Interest paid		80,394
Common Stocks [Member]
Purchases of:
Equity securities	(617,566)	(13,061,846)
Proceeds from sales, maturities and calls of:
Equity securities	$ 553,413	8,593,328
Preferred Stocks [Member]
Purchases of:
Equity securities		(140,925)
Proceeds from sales, maturities and calls of:
Fixed maturity securities		$ 3,861,722

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
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. 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.  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, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, and Wisconsin and markets through independent agents. Approximately 29.6% and 33.3% of the premium is written in Illinois for the three months ended March 31, 2019 and 2018, 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, for the year ended December 31, 2018 (the “2018 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 March 31, 2019 , 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 its significant accounting policies in the 2018 10-K.  D. ADOPTED ACCOUNTING PRONOUNCEMENTS  Revenue Recognition (ASU 2017-13, ASU 2016-20, ASU 2016-12, ASU 2016-11, ASU 2016-10, ASU 2016-08, ASU 2015-14 and ASU 2014-09) – This update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. The ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. We adopted these updates effective January 1, 2019. All contracts within the scope of Topic 944, Financial Services – Insurance, investment income, investment related gains and losses and equity in earnings of unconsolidated investees are outside the scope of this ASU. As such, t he adoption did not have a material effect on our consolidated financial statements.  Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15) – This guidance addresses eight specific cash flow issues with the objective of reducing existing diversity in practice. We adopted this update effective January 1, 2019, and the adoption did not have a material effect on our consolidated financial statements.  Financial Instruments – Recognition and Measurement (ASU 2016-01) – This guidance affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements of financial instruments. This update requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. Prior to the effective date of this update, changes in fair value related to available-for-sale (AFS) equity securities were recognized in OCI. We adopted this update effective January 1, 2019. Upon adoption, we recognized a cumulative-effect decrease to beginning retained earnings of $1.4 million and a corresponding increase to accumulated other comprehensive income (AOCI).  E. 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 2018 10-K. The Company maintains its status as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We have taken advantage of the extended transition period provided by Section 107 of the JOBS Act. We decided to comply with the effective dates for financial accounting standards applicable to emerging growth companies at a later date in compliance with the requirements in Sections 107(b)(2) and (3) of the JOBS Act. Such decision is irrevocable.  F. PROPERTY AND EQUIPMENT  Annually, the Company reviews the major asset classes of property and equipment held for impairment. For the periods ended March 31, 2019 and 2018 , the Company recognized no impairments. Property and equipment are summarized as follows:      As of  March 31, December 31,  2019 2018  Automobiles $ 608,511 $ 603,046  Furniture and fixtures 447,132 436,568  Computer equipment and software 3,557,716 3,542,339  Home office 3,866,632 3,849,947  Total cost 8,479,991 8,431,900  Accumulated depreciation (5,250,364) (5,099,090)  Net property and equipment $ 3,229,627 $ 3,332,810  G. 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% tax rate .  The following table illustrates the components of other comprehensive earnings for each period presented in the condensed consolidated interim financial statements.      Three-Month Periods Ended March 31,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding gains (losses) arising during the period $ 1,866,085 $ (429,343) $ 1,436,742 $ (2,147,336) $ 450,942 $ (1,696,394)  Reclassification adjustment for losses (gains) included in net earnings 47,426 (9,959) 37,467 (1,102,130) 231,447 (870,683)  Total other comprehensive earnings (loss) $ 1,913,511 $ (439,302) $ 1,474,209 $ (3,249,466) $ 682,389 $ (2,567,077)  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 March 31, Affected Line Item in the Statement  Comprehensive Earnings Component 2019 2018 where Net Earnings is Presented  Unrealized losses (gains) on investments:  $ 47,426 $ (1,102,130) Net realized investment losses (gains)  (9,959) 231,447 Income tax (benefit) expense  Total reclassification adjustment, net of tax $ 37,467 $ (870,683) 

Investments

Investments	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Investments	2. INVESTMENTS  The Company’s investments are primarily composed of fixed income debt securities and common and preferred stock equity securities. We carry ou r equity securities at fair value and categorize all of our fixed maturity debt securities 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.  Available-for-Sale Fixed Maturity and Equity Securities  The following tables are a summary of the proceeds from sales, maturities, and calls of available-for-sale fixed maturity and equity securities and the related gross realized gains and losses.         For the Three-Months Ended March 31,  Net realized  Proceeds Gains Losses gain  2019  Fixed maturity securities $ 5,778,893 $ 25,589 $ (11,619) $ 13,970  Common stocks 553,413 63,577 (124,973) (61,396)  Preferred stocks — — — —  2018  Fixed maturity securities $ 4,070,941 $ 48,118 $ (13,031) $ 35,087  Common stocks 8,593,328 1,086,389 (24,254) 1,062,135  Preferred stocks 3,861,722 86,862 (81,954) 4,908   The amortized cost and estimated fair value of fixed income securities at March 31, 2019 , by contractual maturity, are shown as follows:      Amortized Cost Fair Value  Due in one year or less $ 2,442,051 $ 2,436,559  Due after one year through five years 23,845,589 24,306,392  Due after five years through 10 years 13,719,450 14,325,931  Due after 10 years 13,814,588 14,500,013  Asset and mortgage backed securities without a specific due date 34,511,438 34,358,560  Total fixed maturity securities $ 88,333,116 $ 89,927,455  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 securities classified as available for sale at March 31, 2019 and December 31, 2018 :       Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2019  Fixed maturity securities:  U.S. Treasury $ 1,349,045 $ 1,335,742 $ — $ (13,303)  MBS/ABS/CMBS 34,511,437 34,358,559 188,396 (341,274)  Corporate 38,317,813 39,406,608 1,165,691 (76,896)  Municipal 14,154,821 14,826,546 676,010 (4,285)  Total AFS securities $ 88,333,116 $ 89,927,455 $ 2,030,097 $ (435,758)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2018  Fixed maturity securities:  U.S. Treasury $ 1,348,575 $ 1,328,925 $ — $ (19,650)  MBS/ABS/CMBS 34,372,133 33,799,024 33,955 (607,064)  Corporate 37,383,903 37,366,690 376,029 (393,242)  Municipal 16,148,295 16,486,520 398,569 (60,344)  Total fixed maturity securities 89,252,906 88,981,159 808,553 (1,080,300)  Equity securities:  Common stocks 13,572,713 11,843,223 406,812 (2,136,302)  Total equity securities 1 13,572,713 11,843,223 406,812 (2,136,302)  Total AFS securities $ 102,825,619 $ 100,824,382 $ 1,215,365 $ (3,216,602)  1 Effective January 1, 2019, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation.  All of the Company’s collaterized securities carry an average credit rating of AA+ by one or more major rating agenc ies 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 $14,503,520 and $13,696,585 and commercial mortgage backed securities of $9,345,650 and $10,126,352 at March 31, 2019 and December 31, 2018 , respectively. ANALYSIS  The following tables are also used as part of the impairment analysis and displays the total value of securities that were in an unrealized loss position as of March 31, 2019 , and December 31, 2018 . The tables segregate 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.      March 31, 2019  12 Months  < 12 Months & Greater Total  Fixed Maturity Securities:  U.S. Treasury  Fair value $ — $ 1,335,742 $ 1,335,742  Cost or amortized cost — 1,349,045 1,349,045  Unrealized loss — (13,303) (13,303)  MBS/ABS/CMBS  Fair value 7,646,768 13,672,461 21,319,229  Cost or amortized cost 7,698,242 13,962,261 21,660,503  Unrealized loss (51,474) (289,800) (341,274)  Corporate  Fair value 252,781 9,358,068 9,610,849  Cost or amortized cost 252,910 9,434,835 9,687,745  Unrealized loss (129) (76,767) (76,896)  Municipal  Fair value — 272,453 272,453  Cost or amortized cost — 276,738 276,738  Unrealized loss — (4,285) (4,285)  Total debt securities available for sale  Fair value 7,899,549 24,638,724 32,538,273  Cost or amortized cost 7,951,152 25,022,879 32,974,031  Unrealized loss (51,603) (384,155) (435,758)     December 31, 2018  12 Months  < 12 Months & Greater Total  U.S. Treasury  Fair value $ — $ 1,328,925 $ 1,328,925  Cost or amortized cost — 1,348,575 1,348,575  Unrealized loss — (19,650) (19,650)  MBS/ABS/CMBS  Fair value 16,890,857 11,956,493 28,847,350  Cost or amortized cost 17,039,357 12,415,057 29,454,414  Unrealized loss (148,500) (458,564) (607,064)  Corporate  Fair value 14,304,322 5,745,289 20,049,611  Cost or amortized cost 14,550,153 5,892,700 20,442,853  Unrealized loss (245,831) (147,411) (393,242)  Municipal  Fair value 3,069,720 838,980 3,908,700  Cost or amortized cost 3,100,036 869,008 3,969,044  Unrealized loss (30,316) (30,028) (60,344)  Subtotal, fixed income  Fair value 34,264,899 19,869,687 54,134,586  Cost or amortized cost 34,689,546 20,525,340 55,214,886  Unrealized loss (424,647) (655,653) (1,080,300)  Common stock 1  Fair value 8,187,764 8,187,764  Cost or amortized cost 10,324,066 — 10,324,066  Unrealized loss (2,136,302) — (2,136,302)  Total  Fair value 42,452,663 19,869,687 62,322,350  Cost or amortized cost 45,013,612 20,525,340 65,538,952  Unrealized loss $ (2,560,949) $ (655,653) $ (3,216,602)  1 Effective January 1, 2019, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation.  As of December 31, 2018 , the Company held 200 equity securities that were in unrealized loss positions. Of these 200 securities, none were in an unrealized loss position for 12 consecutive months or longer.  The fixed income portfolio contained 76 securities in an unrealized loss position as of March 31, 2019 . Of these 76 securities, 63 have been in an unrealized loss position for 12 consecutive months or longer and represent $384,155 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 portfoli o 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 three months ended March 31, 2018. For all fixed income securities at a loss at March 31, 2019, manageme nt believes it is probable that the Company will receive all contractual payments in the form of principal and interest. In addition, the Company is not required to, nor does it intend to sell these investments prior to recovering the entire amortized cost basis for each security, which may be maturity. The fixed income securities in an unrealized loss position were not other-than-temporarily impaired at March 31, 2019 and December 31, 2018.  UNREALIZED GAINS AND LOSSES ON EQUITY SECURITIES  The portion of net unrealized gains for the first quarter of 2018 that relates to equity securities held as of March 31, 2019 was $1,840,418 .  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 March 31, 2019 , 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 month period s ending March 31, 2019 and March 31, 2018 , there were no outstanding borrowings with the FHLBC.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2019
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 and cash equivalents, their carrying amounts are reasonable estimates of fair value. Reported in Note 4 – Debt , 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 March 31, 2019 , 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 $ 1,335,742 $ — $ — $ 1,335,742  MBS/ABS/CMBS — 34,358,559 — 34,358,559  Corporate — 39,406,608 — 39,406,608  Municipal — 14,826,546 — 14,826,546  Total fixed maturity securities 1,335,742 88,591,713 — 89,927,455  Equity securities  Common stocks 13,701,398 — — 13,701,398  Total marketable investments measured at fair value $ 15,037,140 $ 88,591,713 $ — $ 103,628,853  Assets measured at fair value on a recurring basis as of December 31, 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 $ 1,328,925 $ — $ — $ 1,328,925  MBS/ABS/CMBS — 33,799,024 — 33,799,024  Corporate — 37,366,690 — 37,366,690  Municipal — 16,486,520 — 16,486,520  Total fixed maturity securities 1,328,925 87,652,234 — 88,981,159  Equity securities  Common stocks 11,843,223 — — 11,843,223  Total marketable investments measured at fair value $ 13,172,148 $ 87,652,234 $ — $ 100,824,382  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 March 31, 2019 , and December 31, 2018 . Additionally, there were no securities transferred in or out of Levels 1 or 2 during the three -month periods ended March 31, 2019 and 2018 .

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt [Abstract]
Debt	4. DEBT  As of March 31, 2019 and December 31, 2018 , outstanding debt balances totaled $3,484,606 and $3,484,606 , respectively. The average rate on remaining debt was 3.7 % as of March 31, 2019 and as of December 31, 2018 .  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, respectively . 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. For the three months ended March 31, 2019 and 2018 , lease payments totaled $0 and $70,051 , 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 $1.0 million of marketable 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 March 31, 2019 and December 31, 2018 was $3,484,606 and $3,484,606 , 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 three months ended March 31, 2019 and March 31, 2018 . There are no financial covenants governing this agreement.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2019
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 $ 1,000,000 for casualty business, $500,000 for property, and $500,000 for workers compensation, 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 March 31,  2019 2018  WRITTEN  Direct $ 15,258,703 $ 14,387,670  Reinsurance assumed 45,135 52,806  Reinsurance ceded (2,835,043) (2,466,973)  Net $ 12,468,795 $ 11,973,502  EARNED  Direct $ 15,237,955 $ 13,487,121  Reinsurance assumed 55,375 57,745  Reinsurance ceded (2,847,416) (2,247,922)  Net $ 12,445,914 $ 11,296,944  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 14,716,353 $ 9,545,940  Reinsurance assumed 46,306 36,131  Reinsurance ceded (5,155,369) (1,586,222)  Net $ 9,607,290 $ 7,995,849  

Unpaid Losses and Settlement Ex

Unpaid Losses and Settlement Expenses	3 Months Ended
	Mar. 31, 2019
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 Three-Months Ended  March 31,  (In thousands) 2019 2018  Unpaid losses and settlement expense - beginning of the period:  Gross $ 51,447 $ 51,074  Less: Ceded 6,736 10,030  Net 44,711 41,044  Increase in incurred losses and settlement expense:  Current year 8,359 6,767  Prior years 1,248 1,229  Total incurred 9,607 7,996  Deduct: Loss and settlement expense payments for claims incurred:  Current year 1,592 1,669  Prior years 6,818 5,691  Total paid 8,410 7,360  Net unpaid losses and settlement expense - end of the period 45,908 41,680  Plus: Reinsurance recoverable on unpaid losses 15,109 9,764  Gross unpaid losses and settlement expense - end of the period $ 61,017 $ 51,444

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Taxes [Abstract]
Income Taxes	7. INCOME TAXES  The Company’s effective tax rate for the three month period ended March 31, 2019, was 17.3% , compared to 19.6% for the same period in 2018. Effective rates are dependent upon components of pretax earnings and the related tax effects.  Income tax expense for the three-month periods ended March 31, 2019 and 2018, differed from the amounts computed by applying the U.S. federal tax rate of 21% to pretax income from continuing operations as demonstrated in the following tables:      For the Three-Months Ended  March 31,  2019 2018  Provision for income taxes at the statutory federal tax rates $ 73,025 $ 176,615  Increase (reduction) in taxes resulting from:  Dividends received deduction (9,763) (8,951)  Tax-exempt interest income (23,166) (36,323)  Proration of tax exempt interest and dividends received deduction 8,232 11,079  Officer life insurance, net 3,578 3,229  Nondeductible expenses 7,087 14,423  Prior year true-ups and other — 5,126  Total $ 58,993 $ 165,198  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.  As of March 31, 2019 and December 31, 2018, the Company does not have any capital or operating loss carryforwards. Periods still subject to IRS audit include 2015 through current year. There are currently no open tax exams.

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2019
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 three months ended March 31, 2019 and 2018 , 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 three months ended March 31, 2019 , we recognized compensation expense of $79,430 related to 5,779 shares of our common stock that are committed to be released to participants’ accounts at December 31, 2019. Of the 5,779 shares committed to be released, 1,991 shares were committed on March 31, 2019 and had no impact on the weighted average common shares outstanding for the three months ended March 31, 2019 . For the three months ended March 31, 2018 , we recognized compensation expense of $95,241 related to 5,795 shares of our common stock that were committed to be released to participants’ accounts at December 31, 2018 . Of the 5,795 shares committed to be released at December 31, 2018 , 1,996 shares were committed on March 31, 2018 and had no impact on the weighted average common shares outstanding for the three and three months ended March 31, 2018 .  RESTRICTED STOCK UNITS  RSUs were granted for the first time in February 2018 with additional shares being granted in February 2019. 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 March 31, 2019 , 13,071 and 11,700 RSUs have been granted at a fair market value of $13.70 and $15.10 , respectively. We recognized $18,773 and $6,292 of expense on these units in the three months ended March 31, 2019 and March 31, 2018 , respectively. Total unrecognized compensation expense relating to outstanding and unvested RSUs was $286,308 as of March 31, 2019 , which will be recognized over the remainder of the three -year vesting period.

Related Party

Related Party	3 Months Ended
	Mar. 31, 2019
Related Party [Abstract]
Related Party	9. RELATED PARTY  Mr. John R. Klockau, a director of the Company, is a claims consultant and was paid $3,530 and $3,180 as of March 31, 2019 and 2018 , respectively, related to his services to the Company.  Mr. Scott T. Burgess is a director of the Company and a Senior Managing Director of Griffin Financial Group (Griffin). Mr. Burgess was paid $1,197 , and $566 as of March 31, 2019 and 2018 , respectively for travel reimbursement costs . Griffin and Stevens & Lee are affiliated. Stevens & Lee is a full-service law firm that was paid $- and $42,796 as of March 31, 2019 and 2018 , respectively.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
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)	3 Months Ended
	Mar. 31, 2019
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. 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.  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, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, and Wisconsin and markets through independent agents. Approximately 29.6% and 33.3% of the premium is written in Illinois for the three months ended March 31, 2019 and 2018, 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, for the year ended December 31, 2018 (the “2018 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 March 31, 2019 , 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 Accounting Policies	C. SIGNIFICANT ACCOUNTING POLICIES  The Company reported its significant accounting policies in the 2018 10-K.
Adopted and Prospective Accounting Standards	D. ADOPTED ACCOUNTING PRONOUNCEMENTS  Revenue Recognition (ASU 2017-13, ASU 2016-20, ASU 2016-12, ASU 2016-11, ASU 2016-10, ASU 2016-08, ASU 2015-14 and ASU 2014-09) – This update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. The ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. We adopted these updates effective January 1, 2019. All contracts within the scope of Topic 944, Financial Services – Insurance, investment income, investment related gains and losses and equity in earnings of unconsolidated investees are outside the scope of this ASU. As such, t he adoption did not have a material effect on our consolidated financial statements.  Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15) – This guidance addresses eight specific cash flow issues with the objective of reducing existing diversity in practice. We adopted this update effective January 1, 2019, and the adoption did not have a material effect on our consolidated financial statements.  Financial Instruments – Recognition and Measurement (ASU 2016-01) – This guidance affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements of financial instruments. This update requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. Prior to the effective date of this update, changes in fair value related to available-for-sale (AFS) equity securities were recognized in OCI. We adopted this update effective January 1, 2019. Upon adoption, we recognized a cumulative-effect decrease to beginning retained earnings of $1.4 million and a corresponding increase to accumulated other comprehensive income (AOCI).  E. 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 2018 10-K. The Company maintains its status as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We have taken advantage of the extended transition period provided by Section 107 of the JOBS Act. We decided to comply with the effective dates for financial accounting standards applicable to emerging growth companies at a later date in compliance with the requirements in Sections 107(b)(2) and (3) of the JOBS Act. Such decision is irrevocable.
Property and Equipment	F. PROPERTY AND EQUIPMENT  Annually, the Company reviews the major asset classes of property and equipment held for impairment. For the periods ended March 31, 2019 and 2018 , the Company recognized no impairments. Property and equipment are summarized as follows:      As of  March 31, December 31,  2019 2018  Automobiles $ 608,511 $ 603,046  Furniture and fixtures 447,132 436,568  Computer equipment and software 3,557,716 3,542,339  Home office 3,866,632 3,849,947  Total cost 8,479,991 8,431,900  Accumulated depreciation (5,250,364) (5,099,090)  Net property and equipment $ 3,229,627 $ 3,332,810 
Comprehensive Earnings	G. 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% tax rate .  The following table illustrates the components of other comprehensive earnings for each period presented in the condensed consolidated interim financial statements.      Three-Month Periods Ended March 31,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding gains (losses) arising during the period $ 1,866,085 $ (429,343) $ 1,436,742 $ (2,147,336) $ 450,942 $ (1,696,394)  Reclassification adjustment for losses (gains) included in net earnings 47,426 (9,959) 37,467 (1,102,130) 231,447 (870,683)  Total other comprehensive earnings (loss) $ 1,913,511 $ (439,302) $ 1,474,209 $ (3,249,466) $ 682,389 $ (2,567,077)  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 March 31, Affected Line Item in the Statement  Comprehensive Earnings Component 2019 2018 where Net Earnings is Presented  Unrealized losses (gains) on investments:  $ 47,426 $ (1,102,130) Net realized investment losses (gains)  (9,959) 231,447 Income tax (benefit) expense  Total reclassification adjustment, net of tax $ 37,467 $ (870,683) 

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Summary of Property, Plant and Equipment	   As of  March 31, December 31,  2019 2018  Automobiles $ 608,511 $ 603,046  Furniture and fixtures 447,132 436,568  Computer equipment and software 3,557,716 3,542,339  Home office 3,866,632 3,849,947  Total cost 8,479,991 8,431,900  Accumulated depreciation (5,250,364) (5,099,090)  Net property and equipment $ 3,229,627 $ 3,332,810 
Summary of Components of Other Comprehensive Earnings	    Three-Month Periods Ended March 31,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding gains (losses) arising during the period $ 1,866,085 $ (429,343) $ 1,436,742 $ (2,147,336) $ 450,942 $ (1,696,394)  Reclassification adjustment for losses (gains) included in net earnings 47,426 (9,959) 37,467 (1,102,130) 231,447 (870,683)  Total other comprehensive earnings (loss) $ 1,913,511 $ (439,302) $ 1,474,209 $ (3,249,466) $ 682,389 $ (2,567,077) 
Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnings	   Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Details about Accumulated Other Three-Month Periods Ended March 31, Affected Line Item in the Statement  Comprehensive Earnings Component 2019 2018 where Net Earnings is Presented  Unrealized losses (gains) on investments:  $ 47,426 $ (1,102,130) Net realized investment losses (gains)  (9,959) 231,447 Income tax (benefit) expense  Total reclassification adjustment, net of tax $ 37,467 $ (870,683) 

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Summary of Recognized Impairments	       For the Three-Months Ended March 31,  Net realized  Proceeds Gains Losses gain  2019  Fixed maturity securities $ 5,778,893 $ 25,589 $ (11,619) $ 13,970  Common stocks 553,413 63,577 (124,973) (61,396)  Preferred stocks — — — —  2018  Fixed maturity securities $ 4,070,941 $ 48,118 $ (13,031) $ 35,087  Common stocks 8,593,328 1,086,389 (24,254) 1,062,135  Preferred stocks 3,861,722 86,862 (81,954) 4,908 
Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity	   Amortized Cost Fair Value  Due in one year or less $ 2,442,051 $ 2,436,559  Due after one year through five years 23,845,589 24,306,392  Due after five years through 10 years 13,719,450 14,325,931  Due after 10 years 13,814,588 14,500,013  Asset and mortgage backed securities without a specific due date 34,511,438 34,358,560  Total fixed maturity securities $ 88,333,116 $ 89,927,455 
Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments	     Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2019  Fixed maturity securities:  U.S. Treasury $ 1,349,045 $ 1,335,742 $ — $ (13,303)  MBS/ABS/CMBS 34,511,437 34,358,559 188,396 (341,274)  Corporate 38,317,813 39,406,608 1,165,691 (76,896)  Municipal 14,154,821 14,826,546 676,010 (4,285)  Total AFS securities $ 88,333,116 $ 89,927,455 $ 2,030,097 $ (435,758)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2018  Fixed maturity securities:  U.S. Treasury $ 1,348,575 $ 1,328,925 $ — $ (19,650)  MBS/ABS/CMBS 34,372,133 33,799,024 33,955 (607,064)  Corporate 37,383,903 37,366,690 376,029 (393,242)  Municipal 16,148,295 16,486,520 398,569 (60,344)  Total fixed maturity securities 89,252,906 88,981,159 808,553 (1,080,300)  Equity securities:  Common stocks 13,572,713 11,843,223 406,812 (2,136,302)  Total equity securities 1 13,572,713 11,843,223 406,812 (2,136,302)  Total AFS securities $ 102,825,619 $ 100,824,382 $ 1,215,365 $ (3,216,602) 
Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position	      March 31, 2019  12 Months  < 12 Months & Greater Total  Fixed Maturity Securities:  U.S. Treasury  Fair value $ — $ 1,335,742 $ 1,335,742  Cost or amortized cost — 1,349,045 1,349,045  Unrealized loss — (13,303) (13,303)  MBS/ABS/CMBS  Fair value 7,646,768 13,672,461 21,319,229  Cost or amortized cost 7,698,242 13,962,261 21,660,503  Unrealized loss (51,474) (289,800) (341,274)  Corporate  Fair value 252,781 9,358,068 9,610,849  Cost or amortized cost 252,910 9,434,835 9,687,745  Unrealized loss (129) (76,767) (76,896)  Municipal  Fair value — 272,453 272,453  Cost or amortized cost — 276,738 276,738  Unrealized loss — (4,285) (4,285)  Total debt securities available for sale  Fair value 7,899,549 24,638,724 32,538,273  Cost or amortized cost 7,951,152 25,022,879 32,974,031  Unrealized loss (51,603) (384,155) (435,758)     December 31, 2018  12 Months  < 12 Months & Greater Total  U.S. Treasury  Fair value $ — $ 1,328,925 $ 1,328,925  Cost or amortized cost — 1,348,575 1,348,575  Unrealized loss — (19,650) (19,650)  MBS/ABS/CMBS  Fair value 16,890,857 11,956,493 28,847,350  Cost or amortized cost 17,039,357 12,415,057 29,454,414  Unrealized loss (148,500) (458,564) (607,064)  Corporate  Fair value 14,304,322 5,745,289 20,049,611  Cost or amortized cost 14,550,153 5,892,700 20,442,853  Unrealized loss (245,831) (147,411) (393,242)  Municipal  Fair value 3,069,720 838,980 3,908,700  Cost or amortized cost 3,100,036 869,008 3,969,044  Unrealized loss (30,316) (30,028) (60,344)  Subtotal, fixed income  Fair value 34,264,899 19,869,687 54,134,586  Cost or amortized cost 34,689,546 20,525,340 55,214,886  Unrealized loss (424,647) (655,653) (1,080,300)  Common stock 1  Fair value 8,187,764 8,187,764  Cost or amortized cost 10,324,066 — 10,324,066  Unrealized loss (2,136,302) — (2,136,302)  Total  Fair value 42,452,663 19,869,687 62,322,350  Cost or amortized cost 45,013,612 20,525,340 65,538,952  Unrealized loss $ (2,560,949) $ (655,653) $ (3,216,602)  1 Effective January 1, 2019, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 , 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 $ 1,335,742 $ — $ — $ 1,335,742  MBS/ABS/CMBS — 34,358,559 — 34,358,559  Corporate — 39,406,608 — 39,406,608  Municipal — 14,826,546 — 14,826,546  Total fixed maturity securities 1,335,742 88,591,713 — 89,927,455  Equity securities  Common stocks 13,701,398 — — 13,701,398  Total marketable investments measured at fair value $ 15,037,140 $ 88,591,713 $ — $ 103,628,853  Assets measured at fair value on a recurring basis as of December 31, 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 $ 1,328,925 $ — $ — $ 1,328,925  MBS/ABS/CMBS — 33,799,024 — 33,799,024  Corporate — 37,366,690 — 37,366,690  Municipal — 16,486,520 — 16,486,520  Total fixed maturity securities 1,328,925 87,652,234 — 88,981,159  Equity securities  Common stocks 11,843,223 — — 11,843,223  Total marketable investments measured at fair value $ 13,172,148 $ 87,652,234 $ — $ 100,824,382 

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2019
Reinsurance [Abstract]
Summary of the Effects of Reinsurance	   Three-Month Periods Ended March 31,  2019 2018  WRITTEN  Direct $ 15,258,703 $ 14,387,670  Reinsurance assumed 45,135 52,806  Reinsurance ceded (2,835,043) (2,466,973)  Net $ 12,468,795 $ 11,973,502  EARNED  Direct $ 15,237,955 $ 13,487,121  Reinsurance assumed 55,375 57,745  Reinsurance ceded (2,847,416) (2,247,922)  Net $ 12,445,914 $ 11,296,944  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 14,716,353 $ 9,545,940  Reinsurance assumed 46,306 36,131  Reinsurance ceded (5,155,369) (1,586,222)  Net $ 9,607,290 $ 7,995,849  

Unpaid Losses and Settlement _2

Unpaid Losses and Settlement Expenses (Tables)	3 Months Ended
	Mar. 31, 2019
Unpaid Losses and Settlement Expenses [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	   For the Three-Months Ended  March 31,  (In thousands) 2019 2018  Unpaid losses and settlement expense - beginning of the period:  Gross $ 51,447 $ 51,074  Less: Ceded 6,736 10,030  Net 44,711 41,044  Increase in incurred losses and settlement expense:  Current year 8,359 6,767  Prior years 1,248 1,229  Total incurred 9,607 7,996  Deduct: Loss and settlement expense payments for claims incurred:  Current year 1,592 1,669  Prior years 6,818 5,691  Total paid 8,410 7,360  Net unpaid losses and settlement expense - end of the period 45,908 41,680  Plus: Reinsurance recoverable on unpaid losses 15,109 9,764  Gross unpaid losses and settlement expense - end of the period $ 61,017 $ 51,444 

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2019
Income Taxes [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	   For the Three-Months Ended  March 31,  2019 2018  Provision for income taxes at the statutory federal tax rates $ 73,025 $ 176,615  Increase (reduction) in taxes resulting from:  Dividends received deduction (9,763) (8,951)  Tax-exempt interest income (23,166) (36,323)  Proration of tax exempt interest and dividends received deduction 8,232 11,079  Officer life insurance, net 3,578 3,229  Nondeductible expenses 7,087 14,423  Prior year true-ups and other — 5,126  Total $ 58,993 $ 165,198 

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018item
Summary Of Significant Accounting Policies [Line Items]
Number of subsidiaries | item				2
Impairment	$ 0	$ 0
Federal tax rate	21.00%
Net proceeds received from issuance of shares of common stock		$ 96,535
Operating segments | segment	1
Cumulative-effect			$ 1,400,000
Illinois [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	29.60%	33.30%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Summary of Property, Plant and Equipment) (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total cost	$ 8,479,991	$ 8,431,900
Accumulated depreciation	(5,250,364)	(5,099,090)
Net property and equipent	3,229,627	3,332,810
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Total cost	608,511	603,046
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total cost	447,132	436,568
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Total cost	3,557,716	3,542,339
Home Office [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 3,866,632	$ 3,849,947

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Summary of Components of Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Summary of Significant Accounting Policies [Abstract]
Unrealized holding (losses) gains arising during the period, Pre-tax	$ 1,866,085	$ (2,147,336)
Reclassification adjustment for (gains) losses included in net earnings, Pre-tax	47,426	(1,102,130)
Total other comprehensive (loss) earnings, Pre-tax	1,913,511	(3,249,466)
Unrealized holding (losses) gains arising during the period, Tax	(429,343)	450,942
Reclassification adjustment for (gains) losses included in net earnings, Tax	(9,959)	231,447
Total other comprehensive (loss) earnings, Tax	(439,302)	682,389
Unrealized holding (losses) gains arising during the period, After-tax	1,436,742	(1,696,394)
Reclassification adjustment for (gains) losses included in net earnings, After-tax	37,467	(870,683)
Total other comprehensive (loss) earnings	$ 1,474,209	$ (2,567,077)

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Schedule of Reclassification Out of Accumulated Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized invesment (gains) losses	$ 47,426	$ (1,102,130)
Net unrealized gains on equity securities	1,840,418
Income tax (benefit) expense	58,993	165,198
Net income (loss)	(288,748)	(675,827)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	37,467	(870,683)
Unrealized (Gains) losses on AFS Investments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized invesment (gains) losses	47,426	(1,102,130)
Income tax (benefit) expense	$ (9,959)	$ 231,447

Investments (Narrative) (Detail

Investments (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019USD ($)item	Dec. 31, 2018USD ($)item
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer		$ 655,653
OTTI losses recognized in other comprehensive earnings	$ 0
Securities pledged	0
FHLBC outstanding balance	$ 0
Preferred Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item		200
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item	76
Number of securities in an unrealized loss position for 12 consecutive months or longer | item	63
Unrealized losses for 12 consecutive months or longer	$ 384,155	$ 655,653
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer	289,800	458,564
MBS/ABS/CMBS [Member] | Residential Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	14,503,520	13,696,585
MBS/ABS/CMBS [Member] | Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	9,345,650	$ 10,126,352
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized gains	1,840,418
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
	Mar. 31, 2019	Mar. 31, 2018
Proceeds	$ 5,778,893	$ 4,070,941
Fixed Maturity Securities [Member]
Proceeds	5,778,893	4,070,941
Gains	25,589	48,118
Losses	(11,619)	(13,031)
Net realized gain	13,970	35,087
Common Stocks [Member]
Proceeds	553,413	8,593,328
Gains	63,577	1,086,389
Losses	(124,973)	(24,254)
Net realized gain	(61,396)	1,062,135
Preferred Stocks [Member]
Proceeds		3,861,722
Gains		86,862
Losses		(81,954)
Net realized gain		$ 4,908

Investments (Summary of Amortiz

Investments (Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Investments [Abstract]
Due in one year or less, amortized cost	$ 2,442,051
Due after one year through five years, amortized cost	23,845,589
Due after five years through 10 years, amortized cost	13,719,450
Due after 10 years, amortized cost	13,814,588
Asset and mortgage backed securities without a specific due date, amortized cost	34,511,438
Fixed maturity securities, amortized cost	88,333,116	$ 89,252,906
Due in one year or less, fair value	2,436,559
Due after one year through five years, fair value	24,306,392
Due after five years through 10 years, fair value	14,325,931
Due after 10 years, fair value	14,500,013
Asset and mortgage backed securities witout a specific due date, fair value	34,358,560
Fixed maturity securities, fair value	$ 89,927,455	$ 88,981,159

Investments (Schedule of Cost o

Investments (Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments) (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	$ 88,333,116	$ 89,252,906
Equity securities, amortized cost	13,562,127	13,572,713
AFS securities, amortized cost	88,333,116	102,825,619
Fixed maturity securities, fair value	89,927,455	88,981,159
Equity securities, fair value	13,701,398	11,843,223
AFS securities, fair value	89,927,455	100,824,382
Fixed maturity securities, gross unrealized gains		808,553
Equity securities, gross unrealized gains		406,812
Total AFS securities, gross unrealized gains	2,030,097	1,215,365
Fixed maturity securities, gross unrealized losses		(1,080,300)
Equity securities, gross unrealized losses		(2,136,302)
Total AFS securities, gross unrealized losses	(435,758)	(3,216,602)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	1,349,045	1,348,575
Fixed maturity securities, fair value	1,335,742	1,328,925
Fixed maturity securities, gross unrealized losses	(13,303)	(19,650)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	34,511,437	34,372,133
Fixed maturity securities, fair value	34,358,559	33,799,024
Fixed maturity securities, gross unrealized gains	188,396	33,955
Fixed maturity securities, gross unrealized losses	(341,274)	(607,064)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	38,317,813	37,383,903
Fixed maturity securities, fair value	39,406,608	37,366,690
Fixed maturity securities, gross unrealized gains	1,165,691	376,029
Fixed maturity securities, gross unrealized losses	(76,896)	(393,242)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	14,154,821	16,148,295
Fixed maturity securities, fair value	14,826,546	16,486,520
Fixed maturity securities, gross unrealized gains	676,010	398,569
Fixed maturity securities, gross unrealized losses	$ (4,285)	(60,344)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, amortized cost		13,572,713
Equity securities, fair value		11,843,223
Equity securities, gross unrealized gains		406,812
Equity securities, gross unrealized losses		$ (2,136,302)

Investments (Summary of Impairm

Investments (Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position) (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		$ 42,452,663
Less than 12 months, Cost or amortized cost		45,013,612
Less than 12 months, unrealized loss		(2,560,949)
Greater than 12 months, fair value		19,869,687
Greater than 12 months, Cost or amortized cost		20,525,340
Greater than 12 months, unrealized loss		(655,653)
Fair value		62,322,350
Cost or amortized cost		65,538,952
Unrealized loss		(3,216,602)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value
Less than 12 months, Cost or amortized cost
Less than 12 months, unrealized loss
Greater than 12 months, fair value	1,335,742	1,328,925
Greater than 12 months, Cost or amortized cost	1,349,045	1,348,575
Greater than 12 months, unrealized loss	(13,303)	(19,650)
Fair value	1,335,742	1,328,925
Cost or amortized cost	1,349,045	1,348,575
Unrealized loss	(13,303)	(19,650)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	7,646,768	16,890,857
Less than 12 months, Cost or amortized cost	7,698,242	17,039,357
Less than 12 months, unrealized loss	(51,474)	(148,500)
Greater than 12 months, fair value	13,672,461	11,956,493
Greater than 12 months, Cost or amortized cost	13,962,261	12,415,057
Greater than 12 months, unrealized loss	(289,800)	(458,564)
Fair value	21,319,229	28,847,350
Cost or amortized cost	21,660,503	29,454,414
Unrealized loss	(341,274)	(607,064)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	252,781	14,304,322
Less than 12 months, Cost or amortized cost	252,910	14,550,153
Less than 12 months, unrealized loss	(129)	(245,831)
Greater than 12 months, fair value	9,358,068	5,745,289
Greater than 12 months, Cost or amortized cost	9,434,835	5,892,700
Greater than 12 months, unrealized loss	(76,767)	(147,411)
Fair value	9,610,849	20,049,611
Cost or amortized cost	9,687,745	20,442,853
Unrealized loss	(76,896)	(393,242)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		3,069,720
Less than 12 months, Cost or amortized cost		3,100,036
Less than 12 months, unrealized loss		(30,316)
Greater than 12 months, fair value	272,453	838,980
Greater than 12 months, Cost or amortized cost	276,738	869,008
Greater than 12 months, unrealized loss	(4,285)	(30,028)
Fair value	272,453	3,908,700
Cost or amortized cost	276,738	3,969,044
Unrealized loss	(4,285)	(60,344)
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	7,899,549	34,264,899
Less than 12 months, Cost or amortized cost	7,951,152	34,689,546
Less than 12 months, unrealized loss	(51,603)	(424,647)
Greater than 12 months, fair value	24,638,724	19,869,687
Greater than 12 months, Cost or amortized cost	25,022,879	20,525,340
Greater than 12 months, unrealized loss	(384,155)	(655,653)
Fair value	32,538,273	54,134,586
Cost or amortized cost	32,974,031	55,214,886
Unrealized loss	$ (435,758)	(1,080,300)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		8,187,764
Less than 12 months, Cost or amortized cost		10,324,066
Less than 12 months, unrealized loss		(2,136,302)
Fair value		8,187,764
Cost or amortized cost		10,324,066
Unrealized loss		$ (2,136,302)

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
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, Liabilities, Level 1 to Level 2 Transfers, Amount	0	0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount	0	0
Fair Value, Equity, Level 1 to Level 2 Transfers, Amount	0	0
Fair Value, Equity, Level 2 to Level 1 Transfers, Amount	$ 0	$ 0

Fair Value Disclosures (Summary

Fair Value Disclosures (Summary of Assets Measured at Fair Value on a recurring Basis) (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
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	103,628,853	100,824,382
Fair Value, Measurements, Recurring [Member] | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,335,742	1,328,925
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	34,358,559	33,799,024
Fair Value, Measurements, Recurring [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	39,406,608	37,366,690
Fair Value, Measurements, Recurring [Member] | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	14,826,546	16,486,520
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	89,927,455	88,981,159
Fair Value, Measurements, Recurring [Member] | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	13,701,398	11,843,223
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	15,037,140	13,172,148
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	1,335,742	1,328,925
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	1,335,742	1,328,925
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	13,701,398	11,843,223
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	88,591,713	87,652,234
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	34,358,559	33,799,024
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	39,406,608	37,366,690
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	14,826,546	16,486,520
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	88,591,713	87,652,234
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 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

Debt (Details)

Debt (Details)	Mar. 07, 2018USD ($)	Mar. 02, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2017USD ($)	Mar. 31, 2019USD ($)item	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Corporate debt					$ 3,484,606		$ 3,484,606
Average interest rate					3.70%		3.70%
Revolver
Debt Instrument [Line Items]
Interest expense					$ 0
Debt maturity					Aug. 5, 2019
Collateral					$ 5,000,000
Maximum borrowing capacity					$ 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%
Collateral			$ 923,563			$ 923,563		$ 923,766
Gain (loss) on capital lease					$ 0		$ 0
Lease payments	$ 346,000	$ 404,928			$ 0	$ 70,051
Debt Obligation [Member]
Debt Instrument [Line Items]
Face amount of debt instrument									$ 3,500,000
Interest rate					3.65%
Collateral					$ 1,000,000
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
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
Debt Obligation [Member] | Bofi Federal Bank B & C [Member]
Debt Instrument [Line Items]
Face amount of debt instrument					$ 500,000
Number of debt agreements | item					2
Optional prepayment term					12 months
Debt					$ 3,484,606		$ 3,484,606
Term of debt instrument					36 months

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Casualty Business [Member]
Ceded Credit Risk [Line Items]
Individual risk	$ 1,000,000
Property [Member]
Ceded Credit Risk [Line Items]
Individual risk	500,000
Workers Compensation [Member]
Ceded Credit Risk [Line Items]
Individual risk	$ 500,000

Reinsurance (Summary of the Eff

Reinsurance (Summary of the Effects of Reinsurance) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
WRITTEN
Direct	$ 15,258,703	$ 14,387,670
Reinsurance assumed	45,135	52,806
Reinsurance ceded	(2,835,043)	(2,466,973)
Net	12,468,795	11,973,502
EARNED
Direct	15,237,955	13,487,121
Reinsurance assumed	55,375	57,745
Reinsurance ceded	(2,847,416)	(2,247,922)
Net	12,445,914	11,296,944
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	14,716,353	9,545,940
Reinsurance assumed	46,306	36,131
Reinsurance ceded	(5,155,369)	(1,586,222)
Total incurred	$ 9,607,290	$ 7,995,849

Unpaid Losses and Settlement _3

Unpaid Losses and Settlement Expenses (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Unpaid losses and settlement expense - beginning of the period:
Gross	$ 51,447,440	$ 51,074,000
Less: Ceded	6,735,964	10,030,000
Net	44,711,000	41,044,000
Increase in incurred losses and settlement expense:
Current year	8,359,000	6,767,000
Prior years	1,248,000	1,229,000
Total incurred	9,607,290	7,995,849
Deduct: Loss and settlement expense payments for claims incurred:
Current year	1,592,000	1,669,000
Prior years	6,818,000	5,691,000
Total paid	8,410,000	7,360,000
Net unpaid losses and settlement expense - end of the period	45,908,000	41,680,000
Plus: Reinsurance recoverable on unpaid losses	15,108,689	9,764,000
Gross unpaid losses and settlement expense - end of the period	$ 61,017,342	$ 51,444,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Abstract]
Federal tax rate	21.00%
Effective tax rate	17.30%	19.60%

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Abstract]
Provision for income taxes at the statutory federal tax rates	$ 73,025	$ 176,615
Increase (reduction) in taxes resulting from:
Dividends received deduction	(9,763)	(8,951)
Tax-exempt interest income	(23,166)	(36,323)
Proration of tax exempt interest and dividends received deduction	8,232	11,079
Officer life insurance, net	3,578	3,229
Nondeductible expenses	7,087	14,423
Prior year true-ups and other		5,126
Total income tax expense	$ 58,993	$ 165,198

Employee Benefits (Details)

Employee Benefits (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee stock ownership plan, shares	350,000
Employee stock ownership plan, share purchase price	$ 10
Contributions to ESOP	$ 0	$ 0
Shares committed		1,996
Restricted Stock Units (RSUs)
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share compensation expense	18,773	$ 6,292
Unrecognized compensation expense	$ 286,308
Vesting period	3 years
Restricted Stock Units (RSUs) | $13.63 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shaes granted	13,071
Fair value of shares granted	$ 13.70
Restricted Stock Units (RSUs) | $15.10 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shaes granted	11,700
Fair value of shares granted	$ 15.10
Restricted Stock Units (RSUs) | Share-based Compensation Award, Tranche One [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage	33.00%
Restricted Stock Units (RSUs) | Share-based Compensation Award, Tranche Two [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage	33.00%
Restricted Stock Units (RSUs) | Share-based Compensation Award, Tranche Three [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage	33.00%
November 2017 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense	$ 79,430
Shares committed to be released	5,779
November 2022 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shares committed to be released	1,991
Impact on weighted average shares outstanding	0
November 2027 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense		$ 95,241
Shares committed to be released		5,795
Impact on weighted average shares outstanding		0

Related Party (Details)

Related Party (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Related Party Transaction [Line Items]
Stock repurchased	$ 1,400
John R. Klockau [Member]
Related Party Transaction [Line Items]
Fees paid to related party	3,530	$ 3,180
Scott T. Burgess [Member]
Related Party Transaction [Line Items]
Fees paid to related party	$ 1,197	566
Stevens & Lee [Member]
Related Party Transaction [Line Items]
Fees paid to related party		$ 42,796