Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2017	Mar. 23, 2018	Jun. 30, 2017
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	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Public Float			$ 32,407,452
Entity Common Stock, Shares Outstanding		3,500,000

Consolidated Balance Sheets - USD ($)

Dec. 31, 2017

Dec. 31, 2016

Available for sale securities, at fair value

Fixed maturity securities (amortized cost - $87,773,047 at 12/31/2017 and $62,929,091 at 12/31/2016)

$ 89,605,073

$ 64,134,023

Available-for-sale

12,401,538

9,780,960

Property held for investment, at cost, net of accumulated depreciation of $127,161 at 12/31/2017 and $50,948 at 12/31/2016

3,126,566

2,207,424

Cash and cash equivalents

6,876,519

4,376,847

Total investments and cash

112,009,696

80,499,254

Accrued investment income

687,453

524,156

Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $50,000 at 12/31/2017 and 12/31/2016

19,013,262

17,479,487

Ceded unearned premiums

274,972

270,751

Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 in 2017 and $0 in 2016

10,029,834

12,114,998

Current federal income taxes

573,147

149,252

Net deferred federal income taxes

349,258

888,254

Deferred policy acquisition costs, net

4,592,415

4,162,927

Property and equipment, at cost, net of accumulated depreciation of $4,896,041 at 12/31/2017 and $4,308,247 at 12/31/2016

3,503,904

3,719,535

Other assets

1,301,420

2,351,347

Total assets

152,335,361

122,159,961

Liabilities:

Unpaid losses and settlement expenses

51,074,126

52,817,254

Unearned premiums

26,555,582

24,777,712

Reinsurance balances payable

327,483

109,790

Corporate debt

4,339,208

3,786,950

Accrued expenses

4,274,002

4,827,042

Other liabilities

1,663,415

2,241,003

Total liabilities

88,233,816

88,559,751

Equity:

Common stock

^[1]

35,000

Additional paid-in capital

32,333,290

Accumulated other comprehensive earnings, net of tax

2,227,069

1,154,175

Retained earnings

32,787,406

32,446,035

Less: Unearned Employee Stock Ownership Plan shares at cost

^[2]

(3,281,220)

Total equity

64,101,545

33,600,210

Total liabilities and equity

152,335,361

122,159,961

Common Stock [Member]

Available for sale securities, at fair value

Available-for-sale

^[3]

8,534,109

6,982,547

Preferred Stock [Member]

Available for sale securities, at fair value

Available-for-sale

$ 3,867,429

$ 2,798,413

[1]	Par value $0.01; authorized: 2017 - 10,000,000 shares and 2016 - 0 shares; issued: 2017 - 3,500,000 and 2016 - 0 shares; outstanding: 2017 - 3,171,878 and 2016 - 0 shares.
[2]	2017 - 328,122 shares and 2016 - 0 shares
[3]	Common stock securities consist of exchange trade funds (ETF) made up primarily of Dividends Select and the S&P 500

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Fixed maturity securities, amortized cost	$ 87,773,047	$ 62,929,091
Equity securities, amortized cost	11,414,491	9,237,142
Property held for investment, accumulated depreciation	127,161	50,948
Premiums and reinsurance balances receivable, allowances for uncollectible amounts	50,000	50,000
Reinsurance balances recoverable on unpaid losses and settlement expenses, allowances for uncollectible amounts	0	0
Property and equipment, at cost, accumulated depreciation	$ 4,896,041	$ 4,308,247
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	0
Common stock, shares issued (in shares)	3,500,000	0
Common stock, shares outstanding (in shares)	3,171,878	0
Unearned ESOP shares (in shares)	328,122	0
Common Stock [Member]
Equity securities, amortized cost	$ 7,631,180	$ 6,311,708
Preferred Stock [Member]
Equity securities, amortized cost	$ 3,783,311	$ 2,925,434

Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]

Net premiums earned

$ 44,213,271

$ 42,611,365

Net investment income

2,632,498

1,967,938

Net realized investment gains

1,064,577

249,923

Other-than-temporary impairment losses

(57,316)

(212,731)

Other income

325,127

254,447

Consolidated revenues

48,178,157

44,870,942

Losses and settlenment expenses

29,009,833

24,344,551

Policy acquisition costs and other operating expenses

17,307,700

15,848,547

Interest expense on debt

225,379

226,095

General corporate expenses

555,109

464,383

Total expenses

47,098,021

40,883,576

Earnings before income taxes

1,080,136

3,987,366

Income tax expense:

Current

197,200

986,066

Deferred

175,085

190,903

Total income tax expense

372,285

1,176,969

Net earnings

$ 707,851

$ 2,810,397

Basic:

Basic net earnings per share

^[1]

$ 0.22

$ 0.89

Diluted:

Diluted net earnings per share

^[1]

$ 0.22

$ 0.89

Weighted average number of common shares outstanding:

Basic

^[2]

3,158,163

3,150,000

Diluted

^[2]

3,158,163

3,150,000

Unrealized holding gains arising during the period, net of income tax expense of $706,378 in 2017 and income tax expense of $334,140 in 2016

$ 1,371,206

$ 648,625

Reclassification adjustment for (gains) included in net income, net of income tax expense of $342,469 in 2017 and expense of $12,645 in 2016

(664,792)

(24,547)

Total other comprehensive earnings

706,414

624,078

Comprehensive earnings

$ 1,414,265

$ 3,434,475

[1]	The unaudited pro forma earnings per share for the twelve months ended December 31, 2016 is provided as a basis for comparison of current period earnings
[2]	Weighted average number of common shares outstanding for the twelve months ended December 31, 2016 is based on the resulting shares from the initial public offering that was completed in March 2017 and are used to calculate the pro forma earnings per share for the twelve months ended December 31, 2016.

Consolidated Statements of Earnings and Comprehensive Earnings (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]
Unrealized holding gains (losses) arising during the period, tax	$ 706,378	$ 334,140
Reclassification adjustment for (gains) included in net income, tax	$ 342,469	$ 12,645

Consolidated Statements of Stockholders’ Equity - USD ($)	No Par, Common Stock	Unearned ESOP [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings [Member]	Total
Balance at Dec. 31, 2015				$ 29,635,638	$ 530,097	$ 30,165,735
Net earnings				2,810,397		2,810,397
Other comprehensive loss, net of tax					624,078	624,078
Balance at Dec. 31, 2016				32,446,035	1,154,175	33,600,210
Net earnings				707,851		707,851
Retained earnings adjustment - change in tax rate				(366,480)	366,480
Other comprehensive loss, net of tax					706,414	706,414
Issuance of shares, net of expenses	$ 35,000	$ (3,500,000)	$ 32,184,340			28,719,340
ESOP shares released		218,780	148,950			367,730
Balance at Dec. 31, 2017	$ 35,000	$ (3,281,220)	$ 32,333,290	$ 32,787,406	$ 2,227,069	$ 64,101,545

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Cash Flows From Operating Activities
Net earnings	$ 707,851	$ 2,810,397
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities
Net realized investment gains	(1,064,577)	(249,923)
Other-than-temporary impairment losses	57,316	212,731
Depreciation	822,621	817,774
Deferred income tax	175,085	190,903
Amortization of bond premium and discount	334,150	246,470
Change in:
Accrued investment income	(163,297)	56,630
Premiums and reinsurance balances receivable (net)	(1,533,775)	(1,841,578)
Ceded unearned premiums	(4,221)	(213,447)
Reinsurance balances payable	217,693	109,790
Reinsurance balances recoverable	2,085,164	7,420,060
Deferred policy acquisition costs	(429,488)	(180,193)
Unpaid losses and settlement expenses	(1,743,128)	(8,238,372)
Unearned premiums	1,777,870	829,236
Accrued expenses	(553,040)	730,852
Current federal income tax	(423,895)	623,954
Other	472,340	1,266,466
Net cash provided by operating activities	734,669	4,591,750
Purchases of:
Fixed maturity securities, available-for-sale	(32,572,815)	(10,410,051)
Property held for investment	(995,355)	(1,703,690)
Property and equipment	(532,374)	(856,504)
Proceeds from sales, maturities and calls of:
Fixed maturity securities, available-for-sale	7,431,133	11,437,484
Property held for investment		9,524
Property and equipment	1,596	47,036
Net cash used in investing activities	(27,874,326)	(1,602,062)
Cash flows from financing activities:
Net proceeds received from issuance of shares of common stock and ESOP expense	29,087,070
Proceeds from loan	3,499,149	575,000
Proceeds from sale leaseback		777,643
Repayments of borrowed funds	(2,946,890)	(839,254)
Demutualization costs		(1,305,741)
Net cash (used in) provided by financing activities	29,639,329	(792,352)
Net increase in cash and cash equivalents	2,499,672	2,197,336
Cash and cash equivalents at beginning of year	4,376,847	2,179,511
Cash and cash equivalents at end of period	6,876,519	4,376,847
Supplemental information:
Federal income tax paid	600,000	300,000
Interest paid	192,197	225,964
Common Stock [Member]
Purchases of:
Equity securities, available-for-sale	(5,834,828)	(1,897,147)
Proceeds from sales, maturities and calls of:
Equity securities, available-for-sale	5,481,197	4,708,756
Preferred Stock [Member]
Purchases of:
Equity securities, available-for-sale	(1,112,999)	(3,036,468)
Proceeds from sales, maturities and calls of:
Equity securities, available-for-sale	$ 260,119	$ 98,998

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Notes to Consolidated Financial Statements

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. DESCRIPTION OF BUSINESS

ICC Holdings, Inc. is a Pennsylvania corporation that was organized in 2016. As used in this Form 10-K, 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; an operating insurance company, ICC; and ICC’s two wholly-owned subsidiaries, Beverage Insurance Agency, Inc., an inactive insurance agency and Estrella Innovative Solutions, Inc., an outsourcing 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 our 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, ICC Holdings, Inc did not engage in any operations. After the conversion, ICC Holdings, Inc’s primary assets are the outstanding capital stock of ICC and a portion of the net proceeds from the stock offering completed in connection with the mutual-to-stock conversion. On the effective date of the conversion, ICC became a wholly owned subsidiary of ICC Holdings, Inc. The mutual to stock conversion was accounted for as a change in corporate form with the historic basis of ICC’s assets, liabilities, and equity unchanged as a result. The condensed consolidated financial statements as of and for the twelve months ended December 31, 2017, include ICC Holdings and subsidiaries. The financial statements as of and for the twelve months ended December 31, 2016, represent the financial position and results of operations of ICC and its subsidiaries only, as the conversion to stock form was completed on March 24, 2017.

We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella liability coverages for the food and beverage industry through our subsidiary insurance company, ICC. ICC writes business in Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Ohio, and Wisconsin and markets through independent agents. Approximately 33.7% and 36.9% of the premium was written in Illinois for the years ended December 31, 2017 and 2016, respectively. ICC has two wholly owned subsidiaries, Beverage Insurance Agency and Estrella Innovative Solutions, Inc. ICC Realty, LLC is a serial LLC that held investment property for ICC and was a wholly owned subsidiary of ICC through October 11, 2017. ICC sold all of its real estate holdings held by ICC Realty, Inc. to its parent, ICC Holdings, Inc. via the sale of ICC Realty, Inc. to ICC Holdings, Inc. during the fourth quarter of 2017. The Company operates as a single segement.

B. PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION

The accompanying consolidated financial statements were prepared in conformity with U.S. generally accepted accounting principles (GAAP), which differ in some respects from those followed in reports to insurance regulatory authorities. The consolidated financial statements include the accounts of our subsidiaries. All significant intercompany balances and transactions have been eliminated.

In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet, revenues and expenses for the periods then ended, and the accompanying notes to the financial statements. Such estimates and assumptions could change in the future as more information becomes known which could impact the amounts reported and disclose herein. The most significant of these amounts is the liability for unpaid losses and settlement expenses. Other estimates include investment valuation and other than temporary impairments (OTTIs), the collectability of reinsurance balances, recoverability of deferred tax assets, and deferred policy acquisition costs. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances dictate. Although recorded estimates are supported by actuarial computations and other supportive data, the estimates are ultimately based on expectations of future events. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods.

C. INVESTMENTS:

The Company classifies its investments in all debt and equity securities as available-for-sale.

AVAILABLE-FOR-SALE SECURITIES

Debt and equity securities are classified as available-for-sale (AFS) and reported at fair value. Unrealized gains and losses on these securities are excluded from net earnings but are recorded as a separate component of comprehensive earnings and shareholders’ equity, net of deferred income taxes.

OTHER THAN TEMPORARY IMPAIRMENT

Under current accounting standards, an OTTI write-down of debt securities, where fair value is below amortized cost, is triggered by circumstances where (1) an entity has the intent to sell a security, (2) it is more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis or (3) the entity does not expect to recover the entire amortized cost basis of the security. If an entity intends to sell a security in a loss position or if it is more likely than not the entity will be required to sell the security before recovery, an OTTI write-down is recognized in earnings equal to the difference between the security’s amortized cost and its fair value. If an entity does not intend to sell the security or it is not more likely than not that it will be required to sell the security before recovery, the OTTI write-down is separated into an amount representing the credit loss, which is recognized in earnings, and the amount related to all other factors, which is recognized in other comprehensive income. Impairment losses result in a reduction of the underlying investment’s cost basis.

The Company regularly evaluates its fixed income and equity securities using both quantitative and qualitative criteria to determine impairment losses for other-than-temporary declines in the fair value of the investments. The following are the key factors for determining if a security is other-than-temporarily impaired as follows:

The extent to which the fair value is less than cost,

The assessment of significant adverse changes to the cash flows on a fixed income investment,

The occurrence of a discrete credit event resulting in the issuer defaulting on a material obligation, the issuer seeking protection from creditors under the bankruptcy laws, the issuer proposing a voluntary reorganization under which creditors are asked to exchange their claims for cash or securities having a fair value substantially lower than par value,

The probability that the Company will recover the entire amortized cost basis of the fixed income securities prior to maturity,

The ability and intent to hold fixed income securities until maturity or

For equity securities, the expectation of recovery to cost within a reasonable period of time.

Quantitative and qualitative criteria are considered during this process to varying degrees depending on the sector the analysis is being performed as follows:

Corporates

The Company performs a qualitative evaluation of holdings that fall below the price threshold. The analysis begins with an opinion of industry and competitive position. This includes an assessment of factors that enable the profit structure of the business (e.g., reserve profile for exploration and production companies), competitive advantage (e.g., distribution system), management strategy, and an analysis of trends in return on invested capital. Analysts may also review other factors to determine whether an impairment exists including liquidity, asset value cash flow generation, and industry multiples.

Municipals

The Company analyzes the screened impairment candidates on a quantitative and qualitative basis. This includes an assessment of the factors that may be contributing to the unrealized loss and whether the recovery value is greater or less than current market value.

Structured Securities

The “stated assumptions” analytic approach relies on actual 6-month average collateral performance measures (voluntary prepayment rate, gross default rate, and loss severity) sourced through third party data providers or remittance reports. The analysis applies the stated assumptions throughout the remaining term of the transaction using forecasted cashflows, which are then applied through the transaction structure (reflecting the priority of payments and performance triggers) to determine whether there is a loss to the security (“Loss to Tranche”). For securities or sectors for which no actual loss or minimal loss has been observed (certain Prime Residential Mortgage Backed Securities (RMBS) and Commercial Mortgage Backed Securities (CMBS), for example), sector-based assumptions are applied or an alternative quantitative or qualitative analysis is performed.

Investment Income

Interest on fixed maturities and short-term investments is credited to earnings on an accrual basis. Premiums and discounts are amortized or accreted over the lives of the related fixed maturities. Dividends on equity securities are credited to earnings on the ex-dividend date. 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.

D. PROPERTY HELD FOR INVESTMENT

Property held for investment purposes is initially recorded at the purchase price, which is generally fair value, and is subsequently reported at cost less accumulated depreciation. Buildings are depreciated on a straight-line bases over the estimated useful lives of the building, which we estimate to be 39 years. Income from property held for investment is reported as net investment income.

E. CASH AND CASH EQUIVALENTS

Cash consists of uninvested balances in bank accounts. Cash equivalents consist of investments with original maturities of 90 days or less, primarily AAA-rated prime and government money market funds. Cash equivalents are carried at cost, which approximates fair value. The Company has not experienced losses on these instruments. We maintain cash balances primarily at one bank, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. During the normal course of business, balances are maintained above the FDIC insurance limit.

F. REINSURANCE

Ceded unearned premiums and reinsurance balances recoverable on paid and unpaid losses and settlement expenses are reported separately as assets instead of being netted with the related liabilities, since reinsurance does not relieve us of our legal liability to our policyholders.

Quarterly, the Company monitors the financial condition of its reinsurers. The Company’s monitoring efforts include, but are not limited to, the review of annual summarized financial data and analysis of the credit risk associated with reinsurance balances recoverable by monitoring the A.M. Best and Standard & Poor’s (S&P) ratings. In addition, the Company subjects its reinsurance recoverables to detailed recoverable tests, including an analysis based on average default by A.M. Best rating. Based upon the review and testing, the Company’s policy is to charge to earnings, in the form of an allowance, an estimate of unrecoverable amounts from reinsurers. This allowance is reviewed on an ongoing basis to ensure that the amount makes a reasonable provision for reinsurance balances that the Company may be unable to recover.

G. POLICY ACQUISITION COSTS

The Company defers commissions, premium taxes, and certain other costs that are incrementally or directly related to the successful acquisition of new or renewal insurance contracts. Acquisition-related costs may be deemed ineligible for deferral when they are based on contingent or performance criteria beyond the basic acquisition of the insurance contract or when efforts to obtain or renew the insurance contract are unsuccessful. All eligible costs are capitalized and charged to expense in proportion to premium revenue recognized. The method followed in computing deferred policy acquisition costs limits the amount of such deferred costs to their estimated realizable value. This deferral methodology applies to both gross and ceded premiums and acquisition costs.

H. PROPERTY AND EQUIPMENT

Property and equipment are presented at cost, less accumulated depreciation, and are depreciated using accelerated methods for financial statement purposes for a period based on their economic life. Computer equipment is depreciated over 3 years and equipment over a range of 5 to 7 years. Buildings are depreciated over 39 years and related improvements over 15 years. Annually, the Company reviews the major asset classes held for impairment. For the years ended December 31, 2017 and 2016, the Company recognized no impairments. Property and equipment are summarized as follows:



	As of
	December 31,		December 31,
	2017		2016
Automobiles	$	794,959	$	668,794
Furniture and fixtures		425,825		516,318
Computer equipment and software		3,404,975		3,151,676
Home office		3,774,187		3,690,994
Total cost		8,399,946		8,027,782
Accumulated depreciation		(4,896,041)		(4,308,247)
Net property and equipment	$	3,503,904	$	3,719,535

I. UNPAID LOSSES AND SETTLEMENT EXPENSES

The liability for unpaid losses and settlement expenses represents estimates of amounts needed to pay reported and unreported claims and related expenses. The estimates are based on certain actuarial and other assumptions related to the ultimate cost to settle such claims. Such assumptions are subject to occasional changes due to evolving economic, social, and political conditions. All estimates are periodically reviewed and, as experience develops and new information becomes known, the reserves are adjusted as necessary. Such adjustments are reflected in the results of operations in the period in which they are determined. Due to the inherent uncertainty in estimating reserves for losses and settlement expenses, there can be no assurance that the ultimate liability will not exceed recorded amounts. If actual liabilities do exceed recorded amounts, there will be an adverse effect. Based on the current assumptions used in estimating reserves, we believe that our overall reserve levels at December 31, 2017, make a reasonable provision to meet our future obligations. See Note 7 – Unpaid Losses and Settlement Expenses for further discussion.

J. PREMIUMS

Premiums are recognized ratably over the term of the contracts, net of ceded reinsurance. Unearned premiums represent the portion of premiums written relative to the unexpired terms of coverage. Unearned premiums are calculated on a daily pro rata basis.

K. GENERAL CORPORATE EXPENSE

General corporate expenses consist primarily of real estate and occupancy costs, such as utilities and maintenance. These costs do not vary significantly with premium volume but rather with square footage of real estate owned.

L. INCOME TAXES

The Company files a consolidated federal income tax return. Federal income taxes are accounted for using the asset and liability method under which deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities, operating losses and tax credit carry forwards. The effect on deferred taxes for a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance if it is more likely than not all or some of the deferred tax assets will not be realized.

The Company considers uncertainties in income taxes and recognizes those in its financial statements as required. As it relates to uncertainties in income taxes, unrecognized tax benefits, including interest and penalty accruals, are not considered material to the consolidated financial statements. Also, no tax uncertainties are expected to result in significant increases or decreases to unrecognized tax benefits within the next 12-month period. Penalties and interest related to income tax uncertainties, should they occur, would be included in income tax expense in the period in which they are incurred.

ICC is subject to minimal state income tax liabilities. On a state basis, since the majority of income is from insurance operations, the Company pays premium taxes in lieu of state income tax. Premium taxes are a component of policy acquisition costs and calculated as a percentage of gross premiums written.

M. EMPLOYEE STOCK OWNERSHIP PLAN

The Company recognizes compensation expense related to its employee stock ownership plan (ESOP) ratably during each year for the shares committed to be allocated to participants that year, determined with reference to the fair market value of our stock at the time the commitment to allocate the shares is accrued and recognized. For purposes of balance sheet disclosures of shares outstanding, the Company includes only the number of ESOP shares that have been committed to be released for the period. For purposes of calculating earnings per share, the Company includes the weighted average ESOP shares committed to be released for the period. The ESOP covers all employees who have worked a minimum of 1,000 hours in the plan year.

N. EARNINGS PER SHARE

Basic and diluted earnings per share (EPS) are calculated by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. The denominator for basic and diluted EPS includes ESOP shares committed to be released. The unaudited pro forma earnings per share for the twelve months ended December 31, 2016 are provided to be used as a basis for comparison of current period earnings. The weighted average number of common shares outstanding are computed as if the resulting shares from the initial public offering, which was completed in March 2017, were outstanding for the year ended December 31, 2016.

O. COMPREHENSIVE EARNINGS

Comprehensive earnings include net earnings plus unrealized gains/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 tax rates of 21% and 34% for the year ended December 31, 2017, and 2016, respectively. Other comprehensive earnings, as shown in the consolidated statements of earnings and comprehensive earnings, is net of tax expense of $1,048,847 and $346,785 for 2017 and 2016, respectively.

The following table provides the reclassifications out of accumulated other comprehensive income for the periods presented:



Amounts Reclassified from
Accumulated Other Comprehensive Earnings
Details about Accumulated Other	Twleve-Month Periods Ended December 31,				Affected Line Item in the Statement
Comprehensive Earnings Component	2017		2016		where Net Earnings is Presented
Unrealized gains (losses) on AFS investments:
	$	(1,064,577)	$	(249,923)	Net realized investment gains
		57,316		212,731	Other-than-temporary impairment losses
		342,469		12,645	Income tax expense
Total reclassification adjustment, net of tax	$	(664,792)	$	(24,547)

P. ADOPTED ACCOUNTING PRONOUNCEMENTS

Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02) – This update allows a reclassification from Accumulated Other Comprehensive Income (AOCI) to retained earnings for stranded tax effects resulting from Public Law no. 115-97, an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (Tax Act), which was enacted on December 22, 2017. The effect of a change in income tax rates on deferred tax assets and liabilities is required to be recognized in income on the date of enactment, even if the deferred tax was originally recorded in other comprehensive income. Prior to the adoption of this update, application of prior guidance resulted in an amount being stranded in AOCI related to the difference between historical and enacted tax rates. The update allows an entity to reclassify the difference related to the Tax Act from AOCI to retained earnings. The update is required to be adopted January 1, 2019, and early adoption is permitted for any interim or annual period for which financial statements have not yet been filed. We elected to early adopt this update effective October 1, 2017, and have elected to reclassify stranded amounts associated with the Tax Act, resulting in a reclassification of $366,480 from AOCI to retained earnings.

Short-Duration Contracts Disclosures (ASU 2015-09) – This guidance addresses enhanced disclosure requirements for insurers relating to short-duration insurance contract claims and the unpaid claims liability rollforward for long and short-duration contracts. The Company adopted this ASU for the year ended December 31, 2017. As the requirements are disclosure only, the adoption of this guidance did not impact the Company’s financial statements, but did result in additional disclosures.

Q. PROSPECTIVE ACCOUNTING STANDARDS

The dates presented below, represent the implementation dates for publicly traded entities. The Company’s status as an Emerging Growth Company could delay the required adoption of each of these standards.

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. The new guidance is effective beginning after December 15, 2018, and it is not expected to have a material impact on the Company’s cash flows.

Financial Instruments Credit Losses (ASU 2016-13) – This guidance affects the recognition of expected credit losses. Credit losses relating to available for sale securities will be recorded through an allowance for credit losses. The amendments will be applied to fiscal years beginning after December 15, 2019, and early adoption is permitted as of fiscal years beginning after December 15, 2018. The effect of applying the new guidance on accounting for credit losses has not yet been determined.

Leases (ASU 2016-02) – This update will supersede the current lease requirements in ASC 840. The ASU requires lessees to recognize a right of use asset and related lease liability for all leases, with a limited exception for short term leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of operations. Currently, leases are classified as either capital or operating, with only capital leases recognized on the balance sheet. The reporting of lease related expenses in the statements of operations and cash flows will be generally consistent with the current guidance. The new lease guidance will be effective for the Company’s year ending December 31, 2020 and will be applied using a modified retrospective transition method to the beginning of the earliest period presented. The effect of applying the new lease guidance on the consolidated financial statements is expected to be minimal due to current and future lease obligations being immaterial.

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. The amendments will be applied to fiscal years beginning after December 15, 2018. Early adoption is permitted for the accounting guidance on financial liabilities under the fair value option. The Company will make a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The primary impact this guidance will have on our financial statements relates to recognizing changes in the fair value of equity securities through the statement of earnings. The impact to our statement of earnings will vary depending upon the level of volatility in the performance of the securities held in our equity portfolio and the overall market.

Revenue Recognition (ASU 2014-09) This will supersede the current 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. The new guidance will be effective for the Company’s year ending December 31, 2019. The effect of applying this on the consolidated financial statements is not expected to have a material impact as the Company’s primary revenue is derived from insurance contracts which are excluded from the scope of ASU 2014-09.

R. RISKS AND UNCERTAINTIES:

Certain risks and uncertainties are inherent to day-to-day operations and to the process of preparing the Company’s consolidated financial statements. The more significant risks and uncertainties, as well as the Company’s attempt to mitigate, quantify, and minimize such risks, are presented below and throughout the notes to the consolidated financial statements.

Catastrophe Exposures

The Company’s insurance coverages include exposure to catastrophic events. All catastrophe exposures are monitored by quantifying exposed policy limits in each region and by using computer-assisted modeling techniques. Additionally, the Company limits its risk to such catastrophes through restraining the total policy limits written in each region and by purchasing reinsurance. The Company’s major catastrophe exposure is to losses caused by tornado and hail to commercial properties throughout the Midwest.

The catastrophe reinsurance treaty renewed on January 1, 2018, and the Company had protection of $9.5 million in excess of $500,000 first-dollar retention for both of the years ended December 31, 2017 and 2016. The catastrophe program is actively managed to keep net retention in line with risk tolerances and to optimize the risk/return trade off.

Reinsurance

Reinsurance does not discharge the Company from its primary liability to policyholders, and to the extent that a reinsurer is unable to meet its obligations, the Company would be liable. On a quarterly basis, the financial condition of prospective and existing reinsurers is monitored. As a result, the Company purchases reinsurance from a number of financially strong reinsurers. Accordingly, no allowance for reinsurance balances deemed uncollectible has been made. See Note 6 –Reinsurance for further discussion.

Investment Risk

The investment portfolio is subject to market, credit, and interest rate risks. The equity portfolio will fluctuate with movements in the overall stock market. While the equity portfolio has been constructed to have lower downside risk than the market, the portfolio is sensitive to movements in the market. The bond portfolio is affected by interest rate changes and movement in credit spreads. The Company attempts to mitigate its interest rate and credit risks by constructing a well-diversified portfolio with high-quality securities with varied maturities. Downturns in the financial markets could have a negative effect on the portfolio. However, the Company attempts to manage this risk through asset allocation, duration, and security selection.

Liquidity Risk

Liquidity is essential to the Company’s business and a key component of the concept of asset-liability matching. The Company’s liquidity may be impaired by an inability to collect premium receivable or reinsurance recoverable balances in a timely manner, an inability to sell assets or redeem investments, unforeseen outflows of cash or large claim payments, or an inability to access debt. Liquidity risk may arise due to circumstances that the Company may be unable to control, such as a general market disruption, an operational problem that affects third parties or the Company, or even by the perception among market participants that the Company, or other market participants, are experiencing greater liquidity risk.

The Company’s A.M. Best rating is important to its liquidity. A reduction in credit ratings could adversely affect the Company’s liquidity and competitive position, by increasing borrowing costs or limiting access to the capital markets.

External Factors

The Company is highly regulated by the state of Illinois and by the states in which it underwrites business. Such regulations, among other things, limit the amount of dividends, impose restrictions on the amount and types of investments, and regulates rates insurers may charge for various coverages. The Company is also subject to insolvency and guarantee fund assessments for various programs designed to ensure policyholder indemnification. Assessments are generally accrued during the period in which it becomes probable that a liability has been incurred from an insolvency and the amount of the related assessment can be reasonably estimated.

The National Association of Insurance Commissioners (NAIC) has developed Property/Casualty Risk-Based Capital (RBC) standards that relate an insurer’s reported statutory surplus to the risks inherent in its overall operations. The RBC formula uses the statutory annual statement to calculate the minimum indicated capital level to support asset (investment and credit) risk and underwriting (loss reserves, premiums written and unearned premium) risk. The NAIC model law calls for various levels of regulatory action based on the magnitude of an indicated RBC capital deficiency, if any. As of December 31, 2017, the Company determined that its capital levels are well in excess of the minimum capital requirements for all RBC action levels and that its capital levels are sufficient to support the level of risk inherent in its operations. See Note 10 – Statutory Information and Dividend Restrictions for further discussion of statutory information and related insurance regulatory restrictions.

In addition, ratings are a critical factor in establishing the competitive position of insurance companies. The Company is rated by A.M. Best. This rating reflects their opinion of the insurance company’s financial strength, operating performance, strategic position, and ability to meet its obligations to policyholders.

Investments

12 Months Ended

Dec. 31, 2017

Investments [Abstract]

Investments

2. INVESTMENTS

NET INVESTMENT INCOME

A summary of net investment income for the years ended December 31, 2017 and 2016 is as follows:



	2017		2016
AFS, fixed maturity securities	$	2,500,136	$	2,050,205
Investment property		449,990		348,393
AFS, equity securities		434,950		372,151
Cash and short-term investments		42,426		17,189
Investment revenue		3,427,502		2,787,938
Less investment expenses		(795,004)		(820,000)
Net investment income	$	2,632,498	$	1,967,938

INVESTMENT RELATED GAINS (LOSSES)

The following is a summary of the proceeds from sales, maturities, and calls of AFS securities and the related gross realized gains and losses, excluding OTTI, for the years ended December 31, 2017 and 2016.


							Net realized
	Proceeds		Gains		Losses		gain
2017
Fixed maturity securities	$	7,431,133	$	29,436	$	(21)	$	29,415
Common stocks		5,481,197		1,025,909		(2,753)		1,023,156
Preferred stocks		260,119		12,006		—		12,006
2016
Fixed maturity securities	$	11,437,484	$	216,803	$	(3,737)	$	213,066
Common stocks		4,708,756		73,186		(26,287)		46,899
Preferred stocks		98,998		—		(10,042)		(10,042)

The amortized cost and estimated fair value of fixed income AFS securities at December 31, 2017, are shown by contractual maturity below.



	Amortized Cost		Fair Value
Due in one year or less	$	1,500,544	$	1,499,050
Due after one year through five years		22,428,557		22,911,341
Due after five years through 10 years		11,892,260		12,405,986
Due after 10 years		20,367,545		21,270,034
Asset and mortgage backed securities without a specific due date		31,584,141		31,518,662
Total fixed maturity securities	$	87,773,047	$	89,605,073

In addition, the following table is a schedule of amortized costs and estimated fair values of investments in fixed maturity and equity securities as of December 31, 2017 and 2016:



	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)



	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2016
Fixed maturity securities:
U.S. treasury	$	1,244,542	$	1,241,125	$	2,527	$	(5,944)
MBS/ABS/CMBS		19,751,138		19,677,200		183,175		(257,113)
Corporate		27,593,568		28,344,907		842,782		(91,443)
Municipal		14,339,843		14,870,791		665,790		(134,842)
Total fixed maturity securities		62,929,091		64,134,023		1,694,274		(489,342)
Equity securities:
Common stocks		6,311,708		6,982,547		704,768		(33,929)
Preferred stocks		2,925,434		2,798,413		5,425		(132,446)
Total equity securities		9,237,142		9,780,960		710,193		(166,375)
Total AFS securities	$	72,166,233	$	73,914,983	$	2,404,467	$	(655,717)

MORTGAGE-BACKED, COMMERCIAL MORTGAGE-BACKED AND ASSET-BACKED SECURITIES

All of the Company’s collateralized 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 are residential mortgage backed securities with fair values of $13,517,725 and $10,288,405 and commercial mortgage backed securities of $8,469,852 and $7,600,109 at December 31, 2017 and 2016, respectively.

UNREALIZED LOSSES ON AFS SECURITIES

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 December 31, 2017 and 2016. The table segregates the securities based on type, noting the fair value, cost (or amortized cost), and unrealized loss on each category of investment as well as in total. The table further classifies the securities based on the length of time they have been in an unrealized loss position.



	December 31, 2017						December 31, 2016
			12 Mos						12 Mos
	< 12 Mos.		& Greater		Total		< 12 Mos.		& Greater		Total
U.S. Treasury
Fair value	$	1,038,297	$	295,428	$	1,333,725	$	993,576	$	—	$	993,576
Cost or Amortized cost		1,046,508		300,204		1,346,712		999,520		—		999,520
Unrealized Loss		(8,211)		(4,776)		(12,987)		(5,944)		—		(5,944)

MBS/ABS/CMBS
Fair value		9,754,119		7,445,071		17,199,190		10,712,987		322,641		11,035,628
Cost or Amortized cost		9,778,528		7,645,085		17,423,613		10,968,840		323,901		11,292,741
Unrealized Loss		(24,409)		(200,014)		(224,423)		(255,853)		(1,260)		(257,113)

Corporate
Fair value		5,583,942		2,023,856		7,607,798		5,476,442		984,115		6,460,557
Cost or Amortized cost		5,610,093		2,048,963		7,659,056		5,552,624		999,376		6,552,000
Unrealized Loss		(26,151)		(25,107)		(51,258)		(76,182)		(15,261)		(91,443)

Municipal
Fair value		478,019		1,171,520		1,649,539		2,995,362		—		2,995,362
Cost or Amortized cost		479,904		1,186,663		1,666,567		3,130,204		—		3,130,204
Unrealized Loss		(1,885)		(15,143)		(17,028)		(134,842)		—		(134,842)

Subtotal, fixed income
Fair value		16,854,377		10,935,875		27,790,252		20,178,367		1,306,756		21,485,123
Cost or Amortized cost		16,915,033		11,180,915		28,095,948		20,651,188		1,323,277		21,974,465
Unrealized Loss		(60,656)		(245,040)		(305,696)		(472,821)		(16,521)		(489,342)

Common Stock
Fair value		637,100		—		637,100		—		445,872		445,872
Cost or Amortized cost		654,800		—		654,800		—		479,801		479,801
Unrealized Loss		(17,700)		—		(17,700)		—		(33,929)		(33,929)

Preferred Stock
Fair value		842,530		520,710		1,363,240		2,328,345		—		2,328,345
Cost or Amortized cost		870,755		540,421		1,411,176		2,460,791		—		2,460,791
Unrealized Loss		(28,225)		(19,711)		(47,936)		(132,446)		—		(132,446)

Total
Fair value		18,334,007		11,456,585		29,790,592		22,506,712		1,752,628		24,259,340
Cost or amortized cost		18,440,588		11,721,336		30,161,924		23,111,979		1,803,078		24,915,057
Unrealized Loss	$	(106,581)	$	(264,751)	$	(371,332)	$	(605,267)	$	(50,450)	$	(655,717)

As of December 31, 2017, the Company held 13 equity securities that were in unrealized loss positions. Of the 13 securities, 5 have been in an unrealized loss position for 12 consecutive months or longer and represent $19,711 in unrealized losses. As of December 31, 2016, the Company held 21 equity securities that were in unrealized loss positions. Of these 21 securities, 2 were in an unrealized loss position for 12 consecutive months or longer and represented $33,929 in unrealized losses.

The fixed income portfolio contained 64 securities in an unrealized loss position as of December 31, 2017. Of these 64 securities, 29 have been in an unrealized loss position for 12 consecutive months or longer and represent $245,040 in unrealized losses. All fixed income securities in the investment portfolio continue to pay the expected coupon payments under the contractual terms of the securities. Credit-related impairments on fixed income securities that we do not plan to sell, and for which we are not more likely than not to be required to sell, are recognized in net earnings. Any non-credit related impairment is recognized in comprehensive earnings. Based on management’s analysis, the fixed income portfolio is of a high credit quality and it is believed it will recover the amortized cost basis of the fixed income securities. Management monitors the credit quality of the fixed income investments to assess if it is probable that the Company will receive its contractual or estimated cash flows in the form of principal and interest.

For the year ended Decemeber 31, 2017, the Company recognized in net earnings $57,316 of OTTI losses on an ETF included in common stock that was impaired during the second quarter of 2017 and subsequently sold during in the third quarter of 2017. During 2016, the Company recognized $205,834 of OTTI on one common stock security and $6,897 of OTTI on one fixed income security. For all fixed income securities at a loss at December 31, 2017, management 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 of each security, which may be maturity. Management does not consider these investments to be other-than-temporarily impaired at December 31, 2017. Based on management’s analysis, it was concluded that the securities in an unrealized loss position were not other-than-temporarily impaired at December 31, 2017, and 2016.

As required by law, certain fixed maturity investments amounting to $3,962,291 and $2,958,297 at December 31, 2017 and 2016, respectively, were on deposit with either regulatory authorities or banks. In addition, $923,766 and $1,808,523 was pledged as of December 31, 2017 and 2016, respectively, as part of a capital lease arrangement.

PROPERTY HELD FOR INVESTMENT

In 2017, investment property comprised of 54 apartment rental units located in Rock Island, Moline, and Silvis, Illinois. Property held for investment is net of accumulated depreciation of $127,161 and $50,948 as of December 31, 2017, and 2016, respectively. Related depreciation expense was $76,213 and $47,793 for the years ended December 31, 2017, and 2016, respectively.

Fair Value Disclosures

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Disclosures

3. FAIR VALUE DISCLOSURES

Fair value is defined as the price in the principal market that would be received for an asset to facilitate an orderly transaction between market participants on the measurement date. We determined the fair value of certain financial instruments 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 and Common Equity/ETF Securities—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 are classificed 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. The surplus notes, leasehold obligations, and debt obligations reported under Note 5–Debt, are carried at face value and given that there is no readily available market for these to trade in, management believes that face value accurately reflects fair value. Cash and cash equivalents are classified as Level 1 of the hierarchy. The mortgage on the home office and the surplus notes are carried at Level 2 of the hierarchy.

Assets measured at fair value on a recurring basis as of 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

Assets measured at fair value on a recurring basis as of December 31, 2016, are as summarized below:


			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,241,125	$	—	$	—	$	1,241,125
MBS/ABS/CMBS		—		19,677,200		—		19,677,200
Corporate		—		28,344,907		—		28,344,907
Municipal		—		14,870,791		—		14,870,791
Total fixed maturity securities		1,241,125		62,892,898		—		64,134,023
Equity securities
Common stocks		6,982,547		—		—		6,982,547
Preferred stocks		—		2,798,413		—		2,798,413
Total equity securities		6,982,547		2,798,413		—		9,780,960
Total AFS securities	$	8,223,672	$	65,691,311	$	—	$	73,914,983

As noted in the previous tables, the Company did not have any assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2017 and 2016. Additionally, there were no securities transferred in or out of levels 1 or 2 during the years ended December 31, 2017 and 2016.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Policy Acquisition Costs

12 Months Ended

Dec. 31, 2017

Policy Acquisition Costs [Abstract]

Policy Acquisition Costs

4. POLICY ACQUISITION COSTS

Policy acquisition costs deferred and amortized to income for the years ended December 31 are summarized as follows:



	2017		2016
Deferred policy acquisition costs (DAC), beginning of year	$	4,162,927	$	3,982,734
Deferred:
Direct commission		7,635,524		7,156,434
Premium taxes		902,438		723,067
Ceding commissions		(983,634)		(959,451)
Underwriting		435,916		384,814
Net deferred		7,990,245		7,304,865
Amortized		7,560,757		7,124,672
DAC, end of year	$	4,592,415	$	4,162,927

Policy acquisition costs:
Amortized to expense	$	7,560,757	$	7,124,672
Period costs:
Contingent commission		1,795,359		1,826,944
Other underwriting expenses		7,951,584		6,896,931
Total policy acquisition costs	$	17,307,700	$	15,848,547

Debt

12 Months Ended

Dec. 31, 2017

Debt [Abstract]

Debt

5. DEBT

As of December 31, 2017 and 2016, outstanding debt balances totaled $4,339,208 and $3,786,950, respectively. The average rate on debt was 3.9% in 2017 compared to 5.0% in 2016.

Long-term debt consists of the following as of the periods referenced below:



	December 31,		December 31,
	2017		2016
Surplus notes	$	—	$	1,850,000
Capital lease obligation		805,013		1,227,541
Debt obligation		3,534,195		525,619
Home office mortgage		—		183,790
Total	$	4,339,208	$	3,786,950

Surplus Notes

ICC’s Plan of Conversion from a mutual to a stock company was approved by ICC policyholders at a special meeting on March 17, 2017. Simultaneously, surplus notes totaling $1.65 million, representing all outstanding surplus notes as of that date were converted into 165,000 shares of the Company’s common stock. The remaining $200,000 balance of surplus notes was paid in March 2017.

Leasehold Obligations

ICC entered into sale leaseback arrangements in 2016 and 2015 that are accounted for as a capital lease. Under the agreement, BofI Federal Bank (BofI) purchased electronic data processing software, vehicles, and other assets which are leased to the Company. These assets remain on the Company’s books due to provisions within the agreement that trigger capital lease accounting. To secure the lowest rate possible of 4.7%, the Company pledged bonds totaling $923,766 and $1,808,523 as of December 31, 2017 and 2016, respectively. There was no gain or loss recognized as part of this transaction. Lease payments totaled $501,976 and $438,593 for the years ended December 31, 2017 and 2016, respectively. The term of the electronic data processing lease is 48 months and the term of the titled vehicles lease is 36 months. The outstanding lease obligation at December 31, 2017, was $805,013 compared to $1,227,541 at Decemeber 31, 2016.

Future minimum lease payments for the three succeeding years as of December 31, 2017 are:



Year	Amount
2018		501,972
2019		361,374
2020		30,190
Total payments		893,536
Less: Interest portion		88,523
Total oustanding lease obligation	$	805,013

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% and the Company pledged the ESOP shares and $1.5 million of trust assets as collateral for the loan. Additionally, ICC entered into two debt agreements in 2016; one agreement for $500,000 and another debt agreement for $75,000 with BofI. The terms of the loans are 36 months, but the Company had the option to prepay the $500,000 loan after 12 months. The Company paid off the remaining balance of the $500,000 loan in September 2017. The total balance of debt agreements at year end 2017 and 2016 was $3,534,195 and $525,619, respectively. The Bofi loans bear interest at 4.7%.

Home Office Mortgage

The Company paid off the remaining mortgage balance on its home office during the fourth quarter of 2017. Interest was charged at a fixed rate of 2.6% and the loan matured in 2017. The building was used as collateral to secure the loan. The loan balance at year end 2017 and 2016 was $0 and $183,790, respectively. The interest paid on the loan in 2017 was $1,518 and $9,163 in 2016.

Revolving Line of Credit

We maintain a revolving line of credit with American Bank & Trust, which permits borrowing up to an aggregate principal amount of $1.75 million. This facility was entered into during 2013 and is renewed annually with a current expiration of August 1, 2018. The line of credit is priced at 30 day LIBOR plus 2% with a floor of 3.5%. In order to secure the lowest rate possible, the Company pledged marketable securities not to exceed $5.0 million in the event the Company drawls down on the line of credit. There was no interest paid on the line of credit during the year ended December 31, 2017. Interest paid on the line of credit in 2016 was immaterial. There are no financial covenants governing this agreement. For the years ended December 31, 2017 and 2016, no amounts were outstanding on this facility.

Reinsurance

12 Months Ended

Dec. 31, 2017

Reinsurance [Abstract]

Reinsurance

6. 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 for casualty business, $350,000 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 years ended December 31 are summarized as follows:


	2017		2016
WRITTEN
Direct	$	53,670,397	$	51,031,003
Reinsurance assumed		269,184		307,597
Reinsurance ceded		(7,952,661)		(8,111,446)
Net	$	45,986,920	$	43,227,154
EARNED
Direct	$	51,862,625	$	50,190,888
Reinsurance assumed		299,086		318,476
Reinsurance ceded		(7,948,440)		(7,898,000)
Net	$	44,213,271	$	42,611,365
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	$	37,543,652	$	33,388,283
Reinsurance assumed		150,051		149,719
Reinsurance ceded		(8,683,870)		(9,193,451)
Net	$	29,009,833	$	24,344,551

The reinsurance assumed business consists of assigned risk pools, which require the Company to participate in certain workers’ compensation and other liability pools, as a result of their licensure and premium writings in the various states in which it does business.

At December 31, 2017 and 2016, the Company had reinsurance recoverable on unpaid losses and settlement expenses totaling $10,029,834 and $12,114,998, respectively. More than 98% of the Company’s reinsurance recoverables are due from companies with financial strength ratings of “A” or better by A.M. Best.

The following table displays net reinsurance balances recoverable, after consideration of collateral, on paid losses and settlement expenses, known case and IBNR loss and settlement expense reserves, unearned premiums, and contingent commissions from the Company’s top 10 reinsurers as of December 31, 2017. These reinsurers all have financial strength ratings of “A” or better by A.M. Best. Also shown are the amounts of written premium ceded to these reinsurers during the calendar year 2017.



			Net Reinsurer		Ceded
	A.M. Best	S & P	Exposure as of	Percent of	Premiums	Percent of
(In thousands)	Rating	Rating	December 31, 2017	Total	Written	Total
Everest Reinsurance Company	A+	A+	2,700	24.1%	856	10.8%
Aspen Insurance UK Ltd	A	A	2,111	18.9%	1,308	16.4%
Hannover Ruckversicherungs	A+	AA-	1,885	16.9%	1,114	14.0%
Partner Reinsurance Company	A	A+	1,268	11.3%	461	5.8%
Arch Reinsurance Company	A+	A+	1,241	11.1%	86	1.1%
Platinum Underwriters	A	A-	1,169	10.5%	765	9.6%
Swiss Reinsurance	A+	AA-	1,120	10.0%	385	4.8%
Toa Reinsurance Company	A	A+	1,017	9.1%	2	0.0%
Allied World Reinsurance	A	A	680	6.1%	883	11.1%
Endurance Reinsurance	A	A	521	4.7%	547	6.9%
All other reinsurers including anticipated subrogation			(2,529)	-22.6%	1,546	19.4%
			11,183	100.0%	7,953	100.0%

Ceded unearned premiums and reinsurance balances recoverable on paid losses and settlement expenses are reported separately as an asset, rather than being netted with the related liability, since reinsurance does not relieve the Company of its liability to policyholders. Such balances are subject to the credit risk associated with the individual reinsurer. On a quarterly basis, the financial condition of the Company’s reinsurers is monitored. As part of the monitoring efforts, management reviews annual summarized financial data and publically available information. The credit risk associated with the reinsurance balances recoverable is analyze by monitoring the A.M. Best and S&P ratings of the reinsurers. In addition, the Company subjects its reinsurance recoverables to detailed recoverability tests, including one based on average default by A.M. Best rating.

Once regulatory action (such as receivership, finding of insolvency, order of conservation or order of liquidation) is taken against a reinsurer, the paid and unpaid recoverable for the reinsurer are specifically identified and written off through the use of the allowance for estimated unrecoverable amounts from reinsurers. When such a balance is written off, it is done in full. The Company then re-evaluates the remaining allowance and determines whether the balance is sufficient as detailed above, and if needed, an additional allowance is recognized and income charged. The Company had no allowance recorded related to uncollectible amounts on paid and unpaid recoverables at December 31, 2017 and 2016. The Company has no receivables with a due date that extends beyond 90 days from the date of billing that are not included in the allowance for uncollectible amounts.

Unpaid Losses and Settlement Expenses

12 Months Ended

Dec. 31, 2017

Insurance Loss Reserves [Abstract]

Unpaid Losses and Loss Adjustment Expenses

7. UNPAID LOSSES AND SETTLEMENT EXPENSES

Loss Development Tables

The following tables represent cumulative incurred losses and settlement expenses, net of reinsurance, by accident year and cumulative paid loss and settlement expenses, net of reinsurance, by accident year, for the years ended December 31, 2008 to 2017, as well as total IBNR and the cumulative number of reported claims for the year ended December 31, 2017. The information about incurred and paid claims development for the years ended December 31, 2008 to 2017, as well as total IBNR and the cumulative number of reported claims for the year ended December 31, 2016, is presented as unaudited required supplementary information. The property line of business has been disaggregated based on the shorter payout period in comparison to the workers compensation and liability lines of business.


PROPERTY LINES
Incurred loss and settlement expenses, net of reinsurance (in thousands)																					As of December 31, 2017
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017	Total IBNR plus expected development on reported claims		Cumulative number of reported claims
2008	$	6,980	$	6,892	$	6,703	$	6,484	$	6,901	$	6,837	$	6,792	$	6,805	$	6,774	$	6,773	$	—	706
2009				4,560		4,099		3,889		4,406		4,562		4,409		4,352		4,370		4,339		—	479
2010						5,644		5,105		4,831		4,992		5,118		5,006		4,891		4,899		13	485
2011								7,427		6,708		6,621		6,752		6,733		6,645		6,631		1	655
2012										6,143		6,374		6,406		6,546		6,482		6,411		(12)	507
2013												9,266		8,302		8,290		8,415		8,471		161	482
2014														8,865		7,586		7,798		7,883		48	561
2015																7,693		7,494		7,717		(9)	427
2016																		8,941		7,981		(249)	445
2017																				13,993		204	515
Total																				75,098


Cumulative paid loss and settlement expenses, net of reinsurance (in thousands)
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	4,308	$	6,668	$	6,538	$	6,584	$	6,715	$	6,774	$	6,775	$	6,773	$	6,773	$	6,773
2009				2,991		3,930		4,082		4,137		4,280		4,349		4,338		4,338		4,339
2010						3,166		4,584		4,719		4,740		4,791		4,818		4,873		4,874
2011								5,327		6,351		6,459		6,520		6,556		6,589		6,623
2012										4,949		6,401		6,369		6,362		6,326		6,472
2013												6,856		8,079		8,200		8,238		8,265
2014														6,243		7,631		7,746		7,796
2015																5,057		7,040		7,474
2016																		6,157		7,624
2017																				10,055
Total																				70,295
Unpaid losses and settlement expense - years 2008 through 2017																				4,803
Unpaid losses and settlement expense - prior to 2008																				(1)
Unpaid loss and settlement expense, net of reinsurance																			$	4,802


WORKERS COMPENSATION AND LIABILITY LINES
Incurred loss and settlement expenses, net of reinsurance (in thousands)																					As of December 31, 2017
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017	Total IBNR plus expected development on reported claims		Cumulative number of reported claims
2008	$	15,484	$	14,493	$	14,616	$	14,538	$	14,169	$	14,224	$	14,161	$	14,183	$	14,324	$	14,361	$	24	1,532
2009				11,945		10,845		11,549		11,807		12,119		12,098		11,824		11,895		11,951		17	1,259
2010						10,475		11,039		10,683		11,371		11,701		11,474		11,422		11,431		60	1,093
2011								12,375		12,126		11,894		12,039		12,098		12,027		11,819		73	1,356
2012										13,122		11,338		11,407		11,638		12,692		12,845		229	1,325
2013												12,584		13,559		13,169		12,960		13,696		466	1,314
2014														13,385		14,744		15,341		16,718		914	1,411
2015																16,596		13,876		13,440		3,144	1,236
2016																		16,677		14,843		5,224	1,147
2017																				15,808		10,739	1,016
Total																				136,912


Cumulative paid loss and settlement expenses, net of reinsurance (in thousands)
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	1,482	$	3,832	$	6,814	$	9,739	$	11,713	$	12,622	$	13,491	$	14,026	$	14,232	$	14,290
2009				1,202		3,014		6,175		8,289		10,281		11,080		11,432		11,639		11,862
2010						1,248		3,395		5,865		8,462		10,022		10,733		11,067		11,194
2011								1,669		3,761		5,841		8,072		10,122		10,971		11,484
2012										1,180		3,021		5,589		8,327		10,913		11,753
2013												1,579		4,156		7,634		10,423		12,181
2014														1,539		4,087		9,515		13,602
2015																1,405		4,319		7,400
2016																		1,490		5,485
2017																				1,523
Total																				100,774
Unpaid losses and settlement expense - years 2008 through 2017																				36,138
Unpaid losses and settlement expense - prior to 2008																				104
Unpaid loss and settlement expense, net of reinsurance																			$	36,242


TOTAL LINES
Incurred loss and settlement expenses, net of reinsurance (in thousands)																					As of December 31, 2017
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017	Total IBNR plus expected development on reported claims		Cumulative number of reported claims
2008	$	22,464	$	21,385	$	21,319	$	21,022	$	21,070	$	21,061	$	20,953	$	20,988	$	21,098	$	21,134	$	24	2,238
2009				16,505		14,944		15,438		16,213		16,681		16,507		16,176		16,265		16,290		17	1,738
2010						16,119		16,144		15,514		16,363		16,819		16,480		16,313		16,330		73	1,578
2011								19,802		18,834		18,515		18,791		18,831		18,672		18,450		74	2,011
2012										19,265		17,712		17,813		18,184		19,174		19,256		217	1,832
2013												21,850		21,861		21,459		21,375		22,167		627	1,796
2014														22,250		22,330		23,139		24,601		962	1,972
2015																24,289		21,370		21,157		3,135	1,663
2016																		25,618		22,824		4,975	1,592
2017																				29,801		10,943	1,531
Total																				212,010


Cumulative paid loss and settlement expenses, net of reinsurance (in thousands)
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	5,790	$	10,500	$	13,352	$	16,323	$	18,428	$	19,396	$	20,266	$	20,799	$	21,005	$	21,063
2009				4,193		6,944		10,257		12,426		14,561		15,429		15,770		15,977		16,201
2010						4,414		7,979		10,584		13,202		14,813		15,551		15,940		16,068
2011								6,996		10,112		12,300		14,592		16,678		17,560		18,107
2012										6,129		9,422		11,958		14,689		17,239		18,225
2013												8,435		12,235		15,834		18,661		20,446
2014														7,782		11,718		17,261		21,398
2015																6,462		11,359		14,874
2016																		7,647		13,109
2017																				11,578
Total																				171,069
Unpaid losses and settlement expense - years 2008 through 2017																				40,941
Unpaid losses and settlement expense - prior to 2008																				103
Unpaid loss and settlement expense, net of reinsurance																			$	41,044

Loss Duration Disclosure

The following table represents the average annual percentage payout of incurred losses by age, net of reinsurance.


	Average annual percentage payout of incurred losses by age, net of reinsurance
	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9+
Property Lines	71.3%	13.6%	3.4%	2.8%	7.8%	-0.3%	0.5%	1.0%	-0.1%
Liability Lines	40.5%	27.2%	15.7%	6.9%	4.1%	3.0%	1.1%	0.7%	0.2%
Total Lines	42.8%	26.2%	14.6%	6.7%	4.4%	2.8%	1.0%	0.7%	0.7%

The following table is a reconciliation of the Company’s unpaid losses and settlement expenses for the years 2017 and 2016.


(In thousands)	2017		2016
Unpaid losses and settlement expense - beginning of the period:
Gross	$	52,817	$	61,056
Less: Ceded		12,115		19,158
Net		40,702		41,898
Increase (decrease) in incurred losses and settlement expense:
Current year		29,801		25,620
Prior years		(791)		(1,275)
Total incurred		29,010		24,345
Deduct: Loss and settlement expense payments for claims incurred:
Current year		11,578		7,649
Prior years		17,090		17,892
Total paid		28,668		25,541
Net unpaid losses and settlement expense - end of the period		41,044		40,702
Plus: Reinsurance recoverable on unpaid losses		10,030		12,115
Gross unpaid losses and settlement expense - end of the period	$	51,074	$	52,817



(In thousands)	2017		2016
Supplemental ceded unpaid losses and settlement expense at end of year disclosure:
Reinsurance balances recoverable on unpaid losses and settlement expenses,
net of allowances for uncollectible amounts of $0 in 2017 and $0 in 2016	$	10,030	$	12,115
Less : Reinsurance balances payable		—		—
Reinsurance recoverable on unpaid losses	$	10,030	$	12,115

Differences from the initial reserve estimates emerged as changes in the ultimate loss estimates as those estimates were updated through the reserve analysis process. The recognition of the changes in initial reserve estimates occurred over time as claims were reported, initial case reserves were established, initial reserves were reviewed in light of additional information and ultimate payments were made on the collective set of claims incurred as of that evaluation date. The new information on the ultimate settlement value of claims is updated until all claims in a defined set are settled. As a small specialty insurer with a niche product portfolio, the Company’s experience will ordinarily exhibit fluctuations from period to period. While management attempts to identify and react to systematic changes in the loss environment, they must also consider the volume of experience directly available to the Company and interpret any particular period’s indications with a realistic technical understanding of the reliability of those observations.

A discussion of significant components of reserve development for the two most recent calendar years follows:

2017

For calendar year 2017, the Company experienced favorable development relative to prior years’ reserve estimates in both its property and casualty lines of business primarily from the 2016 accident year. Workers’ Compensation and Business Property were the largest contributors to the favorable development, partially offset by adverse development in Business Liability.

2016

The Company experienced favorable development relative to prior years’ reserve estimates in its casualty line of business primarily from the 2015 accident year. Liquor Liability and Workers’ Compensation were the largest contributors to the favorable development, partially offset by adverse development in Business Liability.

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Income Taxes

8. INCOME TAXES

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are summarized as follows:



	December 31,
	2017		2016
Deferred tax assets:
Tax discounting of claim reserves	$	454,772	$	730,161
Unearned premium reserve		1,139,002		1,710,498
AMT credit carryforward		103,439		—
Deferred compensation		131,175		356,650
Provision for uncollectible accounts		10,500		17,000
Property and equipment		—		837
Other		71,688		88,393
Deferred tax assets before allowance		1,910,576		2,903,539
Less valuation allowance		—		—
Total deferred tax assets	$	1,910,576	$	2,903,539
Deferred tax liabilities:
Net unrealized appreciation of securities	$	592,005	$	594,575
Deferred policy acquisition costs		964,407		1,415,395
Property and equipment		1,267		—
Other		3,639		5,315
Total deferred tax liabilities		1,561,318		2,015,285
Net deferred tax asset	$	349,258	$	888,254

Income tax expense attributable to income from operations for the years ended December 31, 2017 and 2016, differed from the amounts computed by applying the U.S. federal tax rate of 34% to pretax income from continuing operations as demonstrated in the following table:



	Years ended December 31,
	2017		2016
Provision for income taxes at the statutory federal tax rates	$	367,246	$	1,355,704
Increase (reduction) in taxes resulting from:
Dividends received deduction		(48,020)		(36,414)
Tax-exempt interest income		(219,550)		(163,011)
15% proration of tax exempt interest and dividends received decution		38,203		29,914
Officer life insurance, net		(546)		(1,292)
Nondeductible expenses		70,329		47,766
Effect of change in tax rate		152,173		—
Prior year true-ups and other		12,450		(55,698)
Total	$	372,285	$	1,176,969

The Company’s effective tax rate was 34.5% and 29.5% for 2017 and 2016, respectively. Effective rates are dependent upon components of pretax earnings and the related tax effects.

The Company had historically recorded its deferred tax assets and liabilities using the statutory federal tax rate of 34%. The Tax Act was signed into law on December 22, 2017 and lowered the federal corporate tax rate to 21% effective January 1, 2018. As a result, the Company revalued deferred tax items as of year-end 2017 to reflect the lower rate. The revaluation of of deferred tax items increased income tax expense by $152,173 and increased the effective tax rate by 14.1%. The Tax Cuts and Jobs Act of 2017 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 IRS annually; however, the 2018 tables have yet to be released. Consequently, the Company cannot reasonably estimate the impact this would have on gross deferred taxes at December 31, 2017. However, this would not impact the net deferred tax asset. The Company also continues to analyze certain aspects of the Tax Act and further refinements are possible, which could potentially affect the measurement of these balance or potentially give rise to new deferred tax amounts, although management does not expect these adjustments to materially impact its financial statements.

Management believes it is more likely than not that all deferred tax assets will be recovered given the carry back availability of insurance company losses as well as the results of future operations, which will generate sufficient taxable income to realize the deferred tax asset. In addition, it is believed that when these deferred items reverse in future years, taxable income will be taxed at an effective rate of 21%.

As of December 31, 2017, the Company does not have any capital or operating loss carryforwards. Periods still subject to Internal Revenue Service (IRS) audit include 2014 through current year. There are currently no open tax exams.

Employee Benefits	12 Months Ended
Employee Benefits	Dec. 31, 2017
Employee Benefits [Abstract]
Employee Benefits	9. EMPLOYEE BENEFITS 401(K) AND BONUS AND INCENTIVE PLANS The Company maintains a 401(k) and bonus and incentive plans covering executives, managers, and associates. Excluding the 401(k), at the CEO’s discretion, funding of these plans is primarily dependent upon reaching predetermined levels of combined ratio, growth in statutory surplus, growth in direct written premium, and overall renewal retention ratios. Bonuses are earned as the Company generates earnings in excess of this required return. While some management incentive plans may be affected somewhat by other performance factors, the larger influence of corporate performance ensures that the interests of the executives, managers, and associates corresponds with those of the stakeholders. The 401(k) plan offers a matching percentage up to 4% of eligible compensation, as well as a profit sharing percentage of each employee’s compensation. Participants are 100% vested in the matching percentage and vest at a rate of 25% per year for the profit sharing distribution. The total contribution to the 401(k) profit sharing plan was $311,507 and $217,598 for 2017 and 2016, respectively. Additionally, bonuses may be awarded to executives, managers, and associates through company incentive plans, provided certain financial or operational goals are met. DEFERRED COMPENSATION In November 2012, the Company entered into a deferred compensation agreement with an executive of the Company. The agreement requires the Company to make payments to the executive beginning at retirement (age 62). In the event of separation of service without cause prior to age 62, benefits under this agreement vest 25% in November 2017, 50% in November 2022, 75% in November 2027, and 100% on January 1, 2032. In the event of death prior to retirement, benefits become fully vested and are payable to the executive’s beneficiaries. Using a discount rate of 3.6%, the fully vested obligation under the agreement would total approximately $1,689,467 on January 1, 2032. As of December 31, 2017 and 2015, the accrued liability related to this agreement totaled $248,481 and $153,409, respectively. The Company’s recognized $95,072 of expense and $20,267 of benefit in 2017 and 2016, respectively. ESOP In connection with our conversion and public offering, we establish an ESOP. The ESOP borrowed from the Company to purchase 350,000 shares in the offering. The issuance of the shares to the ESOP resulted in a contra account established in the shareholder’s equity section of the balance sheet for the unallocated shares at an amount equal to their $10.00 per share purchase price. The Company may make discretionary contributions to the ESOP and pay dividends on unallocated shares to the ESOP, the ESOP uses funds it receives to repay the loan. When loan payments are made, ESOP shares are allocated to participants based on relative compensation and expense is recorded. The Company contributed $269,344 to the ESOP during the fourth quarter of 2017. A compensation expense charge is booked monthly during each year for the shares committed to be allocated to particpants that year, determined with reference to the fair market value of our stock at the time the commitment to allocate the shares is accrued and recognized. For the year ended December 31, 2017, we recognized compensation expense of $367,730 related to 21,878 shares of our common stock that were committed to be released to partipants’ accounts for the year ended December 31, 2017. Of the 21,878 shares committed to be released, 2,320 shares were commited on December 31, 2017 and had no impact on the weighted average common shares outstanding for the year ended December 31, 2017. The fair value of the unearned ESOP shares as of December 31, 2017 was $5,338,545.

Statutory Information and Dividend Restrictions

12 Months Ended

Dec. 31, 2017

Statutory Information and Dividend Restrictions [Abstract]

Statutory Information and Dividend Restrictions

10. STATUTORY INFORMATION AND DIVIDEND RESTRICTIONS

The statutory financial statements of ICC are presented on the basis of accounting practices prescribed or permitted by the Illinois Department of Insurance, which has adopted the National Association of Insurance Commissioners (NAIC) statutory accounting practices as the basis of its statutory accounting practices. ICC did not use any permitted statutory accounting practices that differ from NAIC prescribed statutory accounting practices. In converting from statutory to GAAP, typical adjustments include deferral of policy acquisition costs, the inclusion of statutory non-admitted assets and the inclusion of net unrealized holding gains or losses in equity relating to AFS investment securities, and the reclassification of surplus notes from equity to debt.

The NAIC has Risk-based capital (RBC) requirements that require insurance companies to calculate and report information under a risk-based formula, which measures statutory capital and surplus needs based upon a regulatory definition of risk relative to the company’s balance sheet and mix of products. As of December 31, 2017 and 2016, ICC had RBC amounts in excess of the authorized control level RBC, as defined by the NAIC. ICC had an authorized control level RBC of $6,275,664 and $6,314,396 as of December 31, 2017 and 2016, respectively, compared to actual statutory capital and surplus of $50,772,460 and $29,957,250, respectively, for these same periods.

Year-end statutory surplus for 2017 and 2016 presented in the table below includes $0 and $51,207 of Estrella Innovative Solutions, LLC common stock (cost basis of $270,078 and $270,078) held by ICC. This investment is eliminated in the GAAP consolidated financial statements.

The following table includes selected information for our insurance subsidiary:



	As of and periods ended December 31,
	2017		2016
Net income, statutory basis	$	1,316,086	$	3,445,706
Consolidated surplus, statutory basis	$	50,772,460	$	29,957,250

No Illinois domiciled company may pay any extraordinary dividend or make any other extraordinary distribution to its security holders until: (a) 30 days after the Director has received notice of the declaration thereof and has not within such period disapproved the payment, or (b) the Director approves such payment within the 30-day period. For purposes of this subsection, an extraordinary dividend or distribution is any dividend or distribution of cash or other property whose fair market value, together with that of other dividends or distributions, made within the period of 12 consecutive months ending on the date on which the proposed dividend is scheduled for payment or distribution exceeds the greater of: (a) 10% of the company’s surplus as regards policyholders as of the 31st day of December next preceding, or (b) the net income of the company for the 12-month period ending the 31st day of December next preceding, but does not include pro rata distributions of any class of the company’s own securities.

The Company did not pay any dividends to security holders in 2017 or 2016. It did however, make cash dividend payments in the amount of $2,646 and $1,838 in 2017 and 2016, respectively, to Wisconsin policyholders in accordance with policy contractual obligations.

Related Party	12 Months Ended
Related Party	Dec. 31, 2017
Related Party [Abstract]
Related Party	11. RELATED PARTY Mr. John R. Klockau, a director of the Company, held two surplus note 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 and $64,000 for the year ended 2016. Additionally, Mr. Klockau is a claims consultant and was paid $16,230 and $12,944 in 2017 and 2016, 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. Mr. Clinton was paid $1,330 and $0 in 2017 and 2016, respectively for travel reimbursement costs. Mr. Scott T. Burgess is a director of the Company and a Senior Managing Director of Griffin Financial Group. Mr. Burgess was paid $2,690 and $2,190 in 2017 and 2016, respectively. Griffin Financial Group was paid $893,240 and $9,910 in 2017 and 2016, respectively. Griffin and Stevens & Lee are affiliated. Stevens & Lee is a full-service law firm that was paid $46,286 and $630,125 as of December 31, 2017 and 2016, respectively.

Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2017

Commitments and Contingent Liabilities [Abstract]

Commitments and Contingent Liabilities

12. COMMITMENTS AND CONTINGENT LIABILITIES

The Company is party to numerous claims, losses, and litigation matters that arise in the normal course of business. Many of such claims, losses, or litigation matters involve claims under policies that the Company underwrites as an insurer. Management believes that the resolution of these claims and losses will not have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

The Company has operating lease obligations related to managing the business. Minimum future rental payments under non-cancellable agreements are as follows:



Year	Payments
2018		100,509
2019		49,745
Total	$	150,254

Rent benefit totaled $16,964 and rent expense totaled $3,646 in 2017 and 2016, respectively.

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	13. SUBSEQUENT EVENTS Subsequent events have been evaluated through the date the financial statements were issued. In 2017, the Board approved a new Executive Discretionary Bonus Program with a long term incentive component. On February 20, 2018, the Board of Directors approved bonuses and equity awards based on 2017 company results and achievement of individual performance goals. The number of Restricted Stock Units (RSUs) that were awarded to select executives on February 20, 2018 was 11,700. On March 2, 2018 and March 7, 2018, the Company paid $343,365 and $346,000, respectively to BofI. These disbursements were made to pay off the balances of the sale leaseback arrangements entered into with BofI during 2015 and 2016.

Schedule III - Supplemental Insurance Information

12 Months Ended

Dec. 31, 2017

Schedule III - Supplemental Insurance Information [Abstract]

Schedule III - Supplemental Insurance Information

ICC HOLDINGS, INC. AND SUBSIDIARIES

Schedule III — Supplemental Insurance Information

Years ended December 31, 2017 and 2016



			Future policy
			benefits, losses,				Other policy
	Deferred policy		claims and loss		Unearned		and benefits		Net premiums
(In thousands)	acquisition costs		expenses		premiums		payable		earned
December 31, 2017
Commercial Business	$	4,592	$	51,074	$	26,556	$	327	$	44,213
Total	$	4,592	$	51,074	$	26,556	$	327	$	44,213
December 31, 2016
Commercial Business	$	4,163	$	52,817	$	24,778	$	110	$	42,611
Total	$	4,163	$	52,817	$	24,778	$	110	$	42,611



			Benefits, claims,
			losses and
	Net investment		settlement		Amortization		Other operating		Net premiums
(In thousands)	income		expenses		of DAC		expenses		written
December 31, 2017
Commercial Business	$	2,632	$	29,010	$	7,561	$	10,527	$	45,987
Total	$	2,632	$	29,010	$	7,561	$	10,527	$	45,987
December 31, 2016
Commercial Business	$	1,968	$	24,345	$	7,125	$	9,414	$	43,227
Total	$	1,968	$	24,345	$	7,125	$	9,414	$	43,227

See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.

Schedule IV - Reinsurance

12 Months Ended

Dec. 31, 2017

Schedule IV - Reinsurance [Abstract]

Schedule IV - Reinsurance

ICC HOLDINGS, INC. AND SUBSIDIARIES

Schedule IV — Reinsurance

Years ended December 31, 2017 and 2016



(In thousands)			Ceded to		Assumed From				Percentage of
Premiums	Gross		Other		Other				Amount
Earned	Amount		Companies		Companies		Net Amount		Assumed to Net
2017	$	51,863	$	7,948	$	299	$	44,214	0.7%
2016	$	50,191	$	7,898	$	318	$	42,611	0.7%

See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.

Schedule V - Allowance for Uncollectible Premiums and Other Receivables

12 Months Ended

Dec. 31, 2017

Schedule V - Allowance for Uncollectible Premiums and Other Receivables [Abstract]

Schedule V - Allowance for Uncollectible Premiums and Other Receivables

ICC HOLDINGS, INC. AND SUBSIDIARIES

Schedule V — Allowance for Uncollectible Premiums and Other Receivables

Years ended December 31, 2017 and 2016



(In thousands)	2017		2016
Beginning balance	$	50	$	100
Additions		—		—
Deletion		—		(50)
Ending balance	$	50	$	50

See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.

Schedule VI - Supplemental Information

12 Months Ended

Dec. 31, 2017

Schedule VI - Supplemental Information [Abstract]

Schedule VI - Supplemental Information

ICC HOLDINGS, INC. AND SUBSIDIARIES

Schedule VI — Supplemental Information

Years ended December 31, 2017 and 2016



	Deferred		Reserve for
	policy		Losses and		Discount if						Net
	acquisition		settlement		any deducted		Unearned		Net earned		investment
(In thousands)	costs		expenses		from reserves		premium		premiums		income
2017	$	4,592	$	51,074	$	—	$	26,556	$	44,213	$	2,632
2016	$	4,163	$	52,817	$	—	$	24,778	$	42,611	$	1,968



							Paid losses
	Losses and settlment						and
	expenses incurred related to				Amortization		settlement		Net written
(In thousands)	Current year		Prior year		of DAC		expenses		premiums
2017	$	29,801	$	(791)	$	7,561	$	(28,668)	$	45,987
2016	$	25,620	$	(1,275)	$	7,125	$	(25,541)	$	43,227

See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Description of Business

A. DESCRIPTION OF BUSINESS

Principles of Consolidation and Basis of Presentation

B. PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION

Investments

C. INVESTMENTS:

The Company classifies its investments in all debt and equity securities as available-for-sale.

AVAILABLE-FOR-SALE SECURITIES

OTHER THAN TEMPORARY IMPAIRMENT

The extent to which the fair value is less than cost,

The assessment of significant adverse changes to the cash flows on a fixed income investment,

The probability that the Company will recover the entire amortized cost basis of the fixed income securities prior to maturity,

The ability and intent to hold fixed income securities until maturity or

For equity securities, the expectation of recovery to cost within a reasonable period of time.

Quantitative and qualitative criteria are considered during this process to varying degrees depending on the sector the analysis is being performed as follows:

Corporates

Municipals

Structured Securities

Investment Income

Property Held for Investment

D. PROPERTY HELD FOR INVESTMENT

Cash and Cash Equivalents

E. CASH AND CASH EQUIVALENTS

Reinsurance

F. REINSURANCE

Policy Acquisition Costs

G. POLICY ACQUISITION COSTS

Property and Equipment

H. PROPERTY AND EQUIPMENT



	As of
	December 31,		December 31,
	2017		2016
Automobiles	$	794,959	$	668,794
Furniture and fixtures		425,825		516,318
Computer equipment and software		3,404,975		3,151,676
Home office		3,774,187		3,690,994
Total cost		8,399,946		8,027,782
Accumulated depreciation		(4,896,041)		(4,308,247)
Net property and equipment	$	3,503,904	$	3,719,535

Unpaid Losses and Settlement Expenses

I. UNPAID LOSSES AND SETTLEMENT EXPENSES

Premiums

J. PREMIUMS

General Corporate Expense

K. GENERAL CORPORATE EXPENSE

Income Taxes

L. INCOME TAXES

Employee Stock Ownership Plan

M. EMPLOYEE STOCK OWNERSHIP PLAN

Earnings Per Share

N. EARNINGS PER SHARE

Comprehensive Earnings

O. COMPREHENSIVE EARNINGS

The following table provides the reclassifications out of accumulated other comprehensive income for the periods presented:



Amounts Reclassified from
Accumulated Other Comprehensive Earnings
Details about Accumulated Other	Twleve-Month Periods Ended December 31,				Affected Line Item in the Statement
Comprehensive Earnings Component	2017		2016		where Net Earnings is Presented
Unrealized gains (losses) on AFS investments:
	$	(1,064,577)	$	(249,923)	Net realized investment gains
		57,316		212,731	Other-than-temporary impairment losses
		342,469		12,645	Income tax expense
Total reclassification adjustment, net of tax	$	(664,792)	$	(24,547)

Adopted Accounting Pronouncements

P. ADOPTED ACCOUNTING PRONOUNCEMENTS

Prospective Accounting Standards

Q. PROSPECTIVE ACCOUNTING STANDARDS

Risk and Uncertainties

R. RISKS AND UNCERTAINTIES:

Catastrophe Exposures

Reinsurance

Investment Risk

Liquidity Risk

External Factors

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Summary of Property, Plant and Equipment



	As of
	December 31,		December 31,
	2017		2016
Automobiles	$	794,959	$	668,794
Furniture and fixtures		425,825		516,318
Computer equipment and software		3,404,975		3,151,676
Home office		3,774,187		3,690,994
Total cost		8,399,946		8,027,782
Accumulated depreciation		(4,896,041)		(4,308,247)
Net property and equipment	$	3,503,904	$	3,719,535

Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnins



Amounts Reclassified from
Accumulated Other Comprehensive Earnings
Details about Accumulated Other	Twleve-Month Periods Ended December 31,				Affected Line Item in the Statement
Comprehensive Earnings Component	2017		2016		where Net Earnings is Presented
Unrealized gains (losses) on AFS investments:
	$	(1,064,577)	$	(249,923)	Net realized investment gains
		57,316		212,731	Other-than-temporary impairment losses
		342,469		12,645	Income tax expense
Total reclassification adjustment, net of tax	$	(664,792)	$	(24,547)

Investments (Tables)

12 Months Ended

Dec. 31, 2017

Investments [Abstract]

Summary of Net Investment Income



	2017		2016
AFS, fixed maturity securities	$	2,500,136	$	2,050,205
Investment property		449,990		348,393
AFS, equity securities		434,950		372,151
Cash and short-term investments		42,426		17,189
Investment revenue		3,427,502		2,787,938
Less investment expenses		(795,004)		(820,000)
Net investment income	$	2,632,498	$	1,967,938

Summary of Recognized Impairments, Proceeds, Maturities and Calls of Available-for-Sale Securities


							Net realized
	Proceeds		Gains		Losses		gain
2017
Fixed maturity securities	$	7,431,133	$	29,436	$	(21)	$	29,415
Common stocks		5,481,197		1,025,909		(2,753)		1,023,156
Preferred stocks		260,119		12,006		—		12,006
2016
Fixed maturity securities	$	11,437,484	$	216,803	$	(3,737)	$	213,066
Common stocks		4,708,756		73,186		(26,287)		46,899
Preferred stocks		98,998		—		(10,042)		(10,042)

Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity



	Amortized Cost		Fair Value
Due in one year or less	$	1,500,544	$	1,499,050
Due after one year through five years		22,428,557		22,911,341
Due after five years through 10 years		11,892,260		12,405,986
Due after 10 years		20,367,545		21,270,034
Asset and mortgage backed securities without a specific due date		31,584,141		31,518,662
Total fixed maturity securities	$	87,773,047	$	89,605,073

Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments



	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2017
Fixed maturity securities:
U.S. treasury	$	1,346,712	$	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)



	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2016
Fixed maturity securities:
U.S. treasury	$	1,244,542	$	1,241,125	$	2,527	$	(5,944)
MBS/ABS/CMBS		19,751,138		19,677,200		183,175		(257,113)
Corporate		27,593,568		28,344,907		842,782		(91,443)
Municipal		14,339,843		14,870,791		665,790		(134,842)
Total fixed maturity securities		62,929,091		64,134,023		1,694,274		(489,342)
Equity securities:
Common stocks		6,311,708		6,982,547		704,768		(33,929)
Preferred stocks		2,925,434		2,798,413		5,425		(132,446)
Total equity securities		9,237,142		9,780,960		710,193		(166,375)
Total AFS securities	$	72,166,233	$	73,914,983	$	2,404,467	$	(655,717)

Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position



	December 31, 2017						December 31, 2016
			12 Mos						12 Mos
	< 12 Mos.		& Greater		Total		< 12 Mos.		& Greater		Total
U.S. Treasury
Fair value	$	1,038,297	$	295,428	$	1,333,725	$	993,576	$	—	$	993,576
Cost or Amortized cost		1,046,508		300,204		1,346,712		999,520		—		999,520
Unrealized Loss		(8,211)		(4,776)		(12,987)		(5,944)		—		(5,944)

MBS/ABS/CMBS
Fair value		9,754,119		7,445,071		17,199,190		10,712,987		322,641		11,035,628
Cost or Amortized cost		9,778,528		7,645,085		17,423,613		10,968,840		323,901		11,292,741
Unrealized Loss		(24,409)		(200,014)		(224,423)		(255,853)		(1,260)		(257,113)

Corporate
Fair value		5,583,942		2,023,856		7,607,798		5,476,442		984,115		6,460,557
Cost or Amortized cost		5,610,093		2,048,963		7,659,056		5,552,624		999,376		6,552,000
Unrealized Loss		(26,151)		(25,107)		(51,258)		(76,182)		(15,261)		(91,443)

Municipal
Fair value		478,019		1,171,520		1,649,539		2,995,362		—		2,995,362
Cost or Amortized cost		479,904		1,186,663		1,666,567		3,130,204		—		3,130,204
Unrealized Loss		(1,885)		(15,143)		(17,028)		(134,842)		—		(134,842)

Subtotal, fixed income
Fair value		16,854,377		10,935,875		27,790,252		20,178,367		1,306,756		21,485,123
Cost or Amortized cost		16,915,033		11,180,915		28,095,948		20,651,188		1,323,277		21,974,465
Unrealized Loss		(60,656)		(245,040)		(305,696)		(472,821)		(16,521)		(489,342)

Common Stock
Fair value		637,100		—		637,100		—		445,872		445,872
Cost or Amortized cost		654,800		—		654,800		—		479,801		479,801
Unrealized Loss		(17,700)		—		(17,700)		—		(33,929)		(33,929)

Preferred Stock
Fair value		842,530		520,710		1,363,240		2,328,345		—		2,328,345
Cost or Amortized cost		870,755		540,421		1,411,176		2,460,791		—		2,460,791
Unrealized Loss		(28,225)		(19,711)		(47,936)		(132,446)		—		(132,446)

Total
Fair value		18,334,007		11,456,585		29,790,592		22,506,712		1,752,628		24,259,340
Cost or amortized cost		18,440,588		11,721,336		30,161,924		23,111,979		1,803,078		24,915,057
Unrealized Loss	$	(106,581)	$	(264,751)	$	(371,332)	$	(605,267)	$	(50,450)	$	(655,717)

Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fai Value on a recurring Basis

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

Assets measured at fair value on a recurring basis as of December 31, 2016, are as summarized below:


			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,241,125	$	—	$	—	$	1,241,125
MBS/ABS/CMBS		—		19,677,200		—		19,677,200
Corporate		—		28,344,907		—		28,344,907
Municipal		—		14,870,791		—		14,870,791
Total fixed maturity securities		1,241,125		62,892,898		—		64,134,023
Equity securities
Common stocks		6,982,547		—		—		6,982,547
Preferred stocks		—		2,798,413		—		2,798,413
Total equity securities		6,982,547		2,798,413		—		9,780,960
Total AFS securities	$	8,223,672	$	65,691,311	$	—	$	73,914,983

Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2017

Policy Acquisition Costs [Abstract]

Schedule of Deferred and Amortized Policy Acquisition Costs



	2017		2016
Deferred policy acquisition costs (DAC), beginning of year	$	4,162,927	$	3,982,734
Deferred:
Direct commission		7,635,524		7,156,434
Premium taxes		902,438		723,067
Ceding commissions		(983,634)		(959,451)
Underwriting		435,916		384,814
Net deferred		7,990,245		7,304,865
Amortized		7,560,757		7,124,672
DAC, end of year	$	4,592,415	$	4,162,927

Policy acquisition costs:
Amortized to expense	$	7,560,757	$	7,124,672
Period costs:
Contingent commission		1,795,359		1,826,944
Other underwriting expenses		7,951,584		6,896,931
Total policy acquisition costs	$	17,307,700	$	15,848,547

Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt [Abstract]

Schedule of Long-Term Debt



	December 31,		December 31,
	2017		2016
Surplus notes	$	—	$	1,850,000
Capital lease obligation		805,013		1,227,541
Debt obligation		3,534,195		525,619
Home office mortgage		—		183,790
Total	$	4,339,208	$	3,786,950

Schedule of Future Minimum Lease Payments



Year	Amount
2018		501,972
2019		361,374
2020		30,190
Total payments		893,536
Less: Interest portion		88,523
Total oustanding lease obligation	$	805,013

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Reinsurance (Tables)

12 Months Ended

Dec. 31, 2017

Reinsurance [Abstract]

Summary of the Effects of Reinsurance


	2017		2016
WRITTEN
Direct	$	53,670,397	$	51,031,003
Reinsurance assumed		269,184		307,597
Reinsurance ceded		(7,952,661)		(8,111,446)
Net	$	45,986,920	$	43,227,154
EARNED
Direct	$	51,862,625	$	50,190,888
Reinsurance assumed		299,086		318,476
Reinsurance ceded		(7,948,440)		(7,898,000)
Net	$	44,213,271	$	42,611,365
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	$	37,543,652	$	33,388,283
Reinsurance assumed		150,051		149,719
Reinsurance ceded		(8,683,870)		(9,193,451)
Net	$	29,009,833	$	24,344,551

Summary of Net Reinsurance Balances Recoverable



			Net Reinsurer		Ceded
	A.M. Best	S & P	Exposure as of	Percent of	Premiums	Percent of
(In thousands)	Rating	Rating	December 31, 2017	Total	Written	Total
Everest Reinsurance Company	A+	A+	2,700	24.1%	856	10.8%
Aspen Insurance UK Ltd	A	A	2,111	18.9%	1,308	16.4%
Hannover Ruckversicherungs	A+	AA-	1,885	16.9%	1,114	14.0%
Partner Reinsurance Company	A	A+	1,268	11.3%	461	5.8%
Arch Reinsurance Company	A+	A+	1,241	11.1%	86	1.1%
Platinum Underwriters	A	A-	1,169	10.5%	765	9.6%
Swiss Reinsurance	A+	AA-	1,120	10.0%	385	4.8%
Toa Reinsurance Company	A	A+	1,017	9.1%	2	0.0%
Allied World Reinsurance	A	A	680	6.1%	883	11.1%
Endurance Reinsurance	A	A	521	4.7%	547	6.9%
All other reinsurers including anticipated subrogation			(2,529)	-22.6%	1,546	19.4%
			11,183	100.0%	7,953	100.0%

Unpaid Losses and Settlement Expenses (Tables)

12 Months Ended

Dec. 31, 2017

Insurance Loss Reserves [Abstract]

Summary of Cumulative Paid Losses and Settlement Expenses


PROPERTY LINES
Incurred loss and settlement expenses, net of reinsurance (in thousands)																					As of December 31, 2017
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017	Total IBNR plus expected development on reported claims		Cumulative number of reported claims
2008	$	6,980	$	6,892	$	6,703	$	6,484	$	6,901	$	6,837	$	6,792	$	6,805	$	6,774	$	6,773	$	—	706
2009				4,560		4,099		3,889		4,406		4,562		4,409		4,352		4,370		4,339		—	479
2010						5,644		5,105		4,831		4,992		5,118		5,006		4,891		4,899		13	485
2011								7,427		6,708		6,621		6,752		6,733		6,645		6,631		1	655
2012										6,143		6,374		6,406		6,546		6,482		6,411		(12)	507
2013												9,266		8,302		8,290		8,415		8,471		161	482
2014														8,865		7,586		7,798		7,883		48	561
2015																7,693		7,494		7,717		(9)	427
2016																		8,941		7,981		(249)	445
2017																				13,993		204	515
Total																				75,098


Cumulative paid loss and settlement expenses, net of reinsurance (in thousands)
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	4,308	$	6,668	$	6,538	$	6,584	$	6,715	$	6,774	$	6,775	$	6,773	$	6,773	$	6,773
2009				2,991		3,930		4,082		4,137		4,280		4,349		4,338		4,338		4,339
2010						3,166		4,584		4,719		4,740		4,791		4,818		4,873		4,874
2011								5,327		6,351		6,459		6,520		6,556		6,589		6,623
2012										4,949		6,401		6,369		6,362		6,326		6,472
2013												6,856		8,079		8,200		8,238		8,265
2014														6,243		7,631		7,746		7,796
2015																5,057		7,040		7,474
2016																		6,157		7,624
2017																				10,055
Total																				70,295
Unpaid losses and settlement expense - years 2008 through 2017																				4,803
Unpaid losses and settlement expense - prior to 2008																				(1)
Unpaid loss and settlement expense, net of reinsurance																			$	4,802


WORKERS COMPENSATION AND LIABILITY LINES
Incurred loss and settlement expenses, net of reinsurance (in thousands)																					As of December 31, 2017
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017	Total IBNR plus expected development on reported claims		Cumulative number of reported claims
2008	$	15,484	$	14,493	$	14,616	$	14,538	$	14,169	$	14,224	$	14,161	$	14,183	$	14,324	$	14,361	$	24	1,532
2009				11,945		10,845		11,549		11,807		12,119		12,098		11,824		11,895		11,951		17	1,259
2010						10,475		11,039		10,683		11,371		11,701		11,474		11,422		11,431		60	1,093
2011								12,375		12,126		11,894		12,039		12,098		12,027		11,819		73	1,356
2012										13,122		11,338		11,407		11,638		12,692		12,845		229	1,325
2013												12,584		13,559		13,169		12,960		13,696		466	1,314
2014														13,385		14,744		15,341		16,718		914	1,411
2015																16,596		13,876		13,440		3,144	1,236
2016																		16,677		14,843		5,224	1,147
2017																				15,808		10,739	1,016
Total																				136,912


Cumulative paid loss and settlement expenses, net of reinsurance (in thousands)
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	1,482	$	3,832	$	6,814	$	9,739	$	11,713	$	12,622	$	13,491	$	14,026	$	14,232	$	14,290
2009				1,202		3,014		6,175		8,289		10,281		11,080		11,432		11,639		11,862
2010						1,248		3,395		5,865		8,462		10,022		10,733		11,067		11,194
2011								1,669		3,761		5,841		8,072		10,122		10,971		11,484
2012										1,180		3,021		5,589		8,327		10,913		11,753
2013												1,579		4,156		7,634		10,423		12,181
2014														1,539		4,087		9,515		13,602
2015																1,405		4,319		7,400
2016																		1,490		5,485
2017																				1,523
Total																				100,774
Unpaid losses and settlement expense - years 2008 through 2017																				36,138
Unpaid losses and settlement expense - prior to 2008																				104
Unpaid loss and settlement expense, net of reinsurance																			$	36,242


TOTAL LINES
Incurred loss and settlement expenses, net of reinsurance (in thousands)																					As of December 31, 2017
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017	Total IBNR plus expected development on reported claims		Cumulative number of reported claims
2008	$	22,464	$	21,385	$	21,319	$	21,022	$	21,070	$	21,061	$	20,953	$	20,988	$	21,098	$	21,134	$	24	2,238
2009				16,505		14,944		15,438		16,213		16,681		16,507		16,176		16,265		16,290		17	1,738
2010						16,119		16,144		15,514		16,363		16,819		16,480		16,313		16,330		73	1,578
2011								19,802		18,834		18,515		18,791		18,831		18,672		18,450		74	2,011
2012										19,265		17,712		17,813		18,184		19,174		19,256		217	1,832
2013												21,850		21,861		21,459		21,375		22,167		627	1,796
2014														22,250		22,330		23,139		24,601		962	1,972
2015																24,289		21,370		21,157		3,135	1,663
2016																		25,618		22,824		4,975	1,592
2017																				29,801		10,943	1,531
Total																				212,010


Cumulative paid loss and settlement expenses, net of reinsurance (in thousands)
	Year Ended December 31,
Accident Year		2008		2009		2010		2011		2012		2013		2014		2015		2016		2017
2008	$	5,790	$	10,500	$	13,352	$	16,323	$	18,428	$	19,396	$	20,266	$	20,799	$	21,005	$	21,063
2009				4,193		6,944		10,257		12,426		14,561		15,429		15,770		15,977		16,201
2010						4,414		7,979		10,584		13,202		14,813		15,551		15,940		16,068
2011								6,996		10,112		12,300		14,592		16,678		17,560		18,107
2012										6,129		9,422		11,958		14,689		17,239		18,225
2013												8,435		12,235		15,834		18,661		20,446
2014														7,782		11,718		17,261		21,398
2015																6,462		11,359		14,874
2016																		7,647		13,109
2017																				11,578
Total																				171,069
Unpaid losses and settlement expense - years 2008 through 2017																				40,941
Unpaid losses and settlement expense - prior to 2008																				103
Unpaid loss and settlement expense, net of reinsurance																			$	41,044

Summary of Annual Percentage Payout


	Average annual percentage payout of incurred losses by age, net of reinsurance
	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9+
Property Lines	71.3%	13.6%	3.4%	2.8%	7.8%	-0.3%	0.5%	1.0%	-0.1%
Liability Lines	40.5%	27.2%	15.7%	6.9%	4.1%	3.0%	1.1%	0.7%	0.2%
Total Lines	42.8%	26.2%	14.6%	6.7%	4.4%	2.8%	1.0%	0.7%	0.7%

Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense


(In thousands)	2017		2016
Unpaid losses and settlement expense - beginning of the period:
Gross	$	52,817	$	61,056
Less: Ceded		12,115		19,158
Net		40,702		41,898
Increase (decrease) in incurred losses and settlement expense:
Current year		29,801		25,620
Prior years		(791)		(1,275)
Total incurred		29,010		24,345
Deduct: Loss and settlement expense payments for claims incurred:
Current year		11,578		7,649
Prior years		17,090		17,892
Total paid		28,668		25,541
Net unpaid losses and settlement expense - end of the period		41,044		40,702
Plus: Reinsurance recoverable on unpaid losses		10,030		12,115
Gross unpaid losses and settlement expense - end of the period	$	51,074	$	52,817



(In thousands)	2017		2016
Supplemental ceded unpaid losses and settlement expense at end of year disclosure:
Reinsurance balances recoverable on unpaid losses and settlement expenses,
net of allowances for uncollectible amounts of $0 in 2017 and $0 in 2016	$	10,030	$	12,115
Less : Reinsurance balances payable		—		—
Reinsurance recoverable on unpaid losses	$	10,030	$	12,115

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Schedule of Deferred Tax Assets and Deferred Tax Liabilities



	December 31,
	2017		2016
Deferred tax assets:
Tax discounting of claim reserves	$	454,772	$	730,161
Unearned premium reserve		1,139,002		1,710,498
AMT credit carryforward		103,439		—
Deferred compensation		131,175		356,650
Provision for uncollectible accounts		10,500		17,000
Property and equipment		—		837
Other		71,688		88,393
Deferred tax assets before allowance		1,910,576		2,903,539
Less valuation allowance		—		—
Total deferred tax assets	$	1,910,576	$	2,903,539
Deferred tax liabilities:
Net unrealized appreciation of securities	$	592,005	$	594,575
Deferred policy acquisition costs		964,407		1,415,395
Property and equipment		1,267		—
Other		3,639		5,315
Total deferred tax liabilities		1,561,318		2,015,285
Net deferred tax asset	$	349,258	$	888,254

Schedule of Effective Income Tax Rate Reconciliation



	Years ended December 31,
	2017		2016
Provision for income taxes at the statutory federal tax rates	$	367,246	$	1,355,704
Increase (reduction) in taxes resulting from:
Dividends received deduction		(48,020)		(36,414)
Tax-exempt interest income		(219,550)		(163,011)
15% proration of tax exempt interest and dividends received decution		38,203		29,914
Officer life insurance, net		(546)		(1,292)
Nondeductible expenses		70,329		47,766
Effect of change in tax rate		152,173		—
Prior year true-ups and other		12,450		(55,698)
Total	$	372,285	$	1,176,969

Statutory Information and Dividend Restrictions (Tables)

12 Months Ended

Dec. 31, 2017

Statutory Information and Dividend Restrictions [Abstract]

Summary of Insurance Subsidiary



	As of and periods ended December 31,
	2017		2016
Net income, statutory basis	$	1,316,086	$	3,445,706
Consolidated surplus, statutory basis	$	50,772,460	$	29,957,250

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details

Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingent Liabilities [Abstract]

Schedule of Operating Lease Obligations



Year	Payments
2018		100,509
2019		49,745
Total	$	150,254

Summary of Significant Accounting Policies (Narrative) (Details)				12 Months Ended
	Oct. 01, 2017 USD ($)	Mar. 24, 2017 USD ($) shares	Mar. 17, 2017 USD ($) shares	Dec. 31, 2018	Dec. 31, 2017 USD ($) entity	Dec. 31, 2016 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of subsidiaries \| entity					2
Impairment					$ 0	$ 0
Federal tax rate					34.00%	34.00%
Income tax (benefit) expense					$ 372,285	$ 1,176,969
Net proceeds received from issuance of shares of common stock and ESOP expense					$ 29,087,070
ESOP threshold					1000 hours
Reclassification from AOCI to retained earnings	$ 366,480
Available-for-sale Securities [Member]
Summary Of Significant Accounting Policies [Line Items]
Income tax (benefit) expense					$ 1,048,847	346,785
Catastrophe Reinsurance Treaty [Member]
Summary Of Significant Accounting Policies [Line Items]
Reinsurance protection					9,500,000	9,500,000
Excess reinsurance protection					$ 500,000	$ 500,000
Building [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life					39 years
Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life					15 years
Computer Equipment and Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life					3 years
Illinois [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk					33.70%	36.90%
Surplus Notes [Member]
Summary Of Significant Accounting Policies [Line Items]
Notes converted			$ 1,650,000
Debt converted, shares issued \| shares			165,000
Employee stock ownership plan, shares \| shares		350,000
Underwriting fees paid		$ 1,000,000
Minimum [Member] \| Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life					5 years
Maximum \| Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life					7 years
Scenario, Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Federal tax rate				21.00%

Summary of Significant Accounting Policies (Summary of Property, Plant and Equipment) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total cost	$ 8,399,946	$ 8,027,782
Accumulated depreciation	(4,896,041)	(4,308,247)
Net property and equipent	3,503,904	3,719,535
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Total cost	794,959	668,794
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total cost	425,825	516,318
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Total cost	3,404,975	3,151,676
Home Office [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 3,774,187	$ 3,690,994

Summary of Significant Accounting Policies (Schedule of Reclassification Out of Accumulated Other Comprehensive Earnings) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment gains	$ (1,064,577)	$ (249,923)
Other-than-temporary impairment losses	57,316	212,731
Income tax expense	372,285	1,176,969
Net income (loss)	(707,851)	(2,810,397)
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 gains	(1,064,577)	(249,923)
Other-than-temporary impairment losses	57,316	212,731
Income tax expense	342,469	12,645
Net income (loss)	$ (664,792)	$ (24,547)

Investments (Narrative) (Details)	12 Months Ended
Investments (Narrative) (Details)	Dec. 31, 2017 USD ($) item	Dec. 31, 2016 USD ($) item
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer	$ 264,751	$ 50,450
OTTI losses recognized in net earnings	$ 57,316
Apartment rental units \| item	54
Property held for investment, accumulated depreciation	$ 127,161	50,948
Depreciation expense	76,213	47,793
Residential Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	13,517,725	10,288,405
Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	$ 8,469,852	$ 7,600,109
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position \| item	13	21
Number of securities in an unrealized loss position for 12 consecutive months or longer \| item	5	2
Unrealized losses for 12 consecutive months or longer	$ 19,711	$ 33,929
AFS, Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position \| item	64
Number of securities in an unrealized loss position for 12 consecutive months or longer \| item	29
Unrealized losses for 12 consecutive months or longer	$ 245,040
Securities on deposit with regulatory authorities or banks	3,962,291	2,958,297
Securities pledged	923,766	1,808,523
Common Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer		33,929
OTTI losses recognized in net earnings		205,834
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer	$ 245,040	16,521
OTTI losses recognized in net earnings		$ 6,897

Investments (Summary of Net Investment Income) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net Investment Income [Line Items]
Investment revenue	$ 3,427,502	$ 2,787,938
Less investment expenses	(795,004)	(820,000)
Net investment income	2,632,498	1,967,938
AFS, Fixed Maturity Securities [Member]
Net Investment Income [Line Items]
Investment revenue	2,500,136	2,050,205
Real Estate Investment [Member]
Net Investment Income [Line Items]
Investment revenue	449,990	348,393
Equity Securities [Member]
Net Investment Income [Line Items]
Investment revenue	434,950	372,151
Cash and Short-Term Investments [Domain]
Net Investment Income [Line Items]
Investment revenue	$ 42,426	$ 17,189

Investments (Summary of Recognized Impairments) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fixed Maturity Securities [Member]
Poceeds	$ 7,431,133	$ 11,437,484
Gains	29,436	216,803
Losses	(21)	(3,737)
Net realized gain	29,415	213,066
Common Stock [Member]
Poceeds	5,481,197	4,708,756
Gains	1,025,909	73,186
Losses	(2,753)	(26,287)
Net realized gain	1,023,156	46,899
Preferred Stock [Member]
Poceeds	260,119	98,998
Gains	12,006
Losses		(10,042)
Net realized gain	$ 12,006	$ (10,042)

Investments (Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Investments [Abstract]
Due in one year or less, amortized cost	$ 1,500,544
Due after one year through five years, amortized cost	22,428,557
Due after five years through 10 years, amortized cost	11,892,260
Due after 10 years, amortized cost	20,367,545
Asset and mortgage backed securities without a specific due date, amortized cost	31,584,141
Fixed maturity securities, amortized cost	87,773,047	$ 62,929,091
Due in one year or less, fair value	1,499,050
Due after one year through five years, fair value	22,911,341
Due after five years through 10 years, fair value	12,405,986
Due after 10 years, fair value	21,270,034
Asset and mortgage backed securities witout a specific due date, fair value	31,518,662
Fixed maturity securities, fair value	$ 89,605,073	$ 64,134,023

Investments (Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	$ 87,773,047	$ 62,929,091
Equity securities, amortized cost	11,414,491	9,237,142
AFS securities, amortized cost	99,187,538	72,166,233
Fixed maturity securities	89,605,073	64,134,023
Equity securities	12,401,538	9,780,960
AFS securities, fair value	102,006,611	73,914,983
Fixed maturity securities, gross unrealized gains	2,137,722	1,694,274
Equity securities, gross unrealized gains	1,052,683	710,193
Total AFS securities, gross unrealized gains	3,190,405	2,404,467
Fixed maturity securities, gross unrealized losses	(305,696)	(489,342)
Equity securities, gross unrealized losses	(65,636)	(166,375)
Total AFS securities, gross unrealized losses	(371,332)	(655,717)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	1,346,712	1,244,542
Fixed maturity securities	1,333,725	1,241,125
Fixed maturity securities, gross unrealized gains		2,527
Fixed maturity securities, gross unrealized losses	(12,987)	(5,944)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	31,584,141	19,751,138
Fixed maturity securities	31,518,662	19,677,200
Fixed maturity securities, gross unrealized gains	158,944	183,175
Fixed maturity securities, gross unrealized losses	(224,423)	(257,113)
Corporate Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	31,038,526	27,593,568
Fixed maturity securities	31,989,174	28,344,907
Fixed maturity securities, gross unrealized gains	1,001,906	842,782
Fixed maturity securities, gross unrealized losses	(51,258)	(91,443)
State and Local Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	23,803,668	14,339,843
Fixed maturity securities	24,763,512	14,870,791
Fixed maturity securities, gross unrealized gains	976,872	665,790
Fixed maturity securities, gross unrealized losses	(17,028)	(134,842)
Common Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, amortized cost	7,631,180	6,311,708
Equity securities	8,534,109	6,982,547
Equity securities, gross unrealized gains	920,629	704,768
Equity securities, gross unrealized losses	(17,700)	(33,929)
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, amortized cost	3,783,311	2,925,434
Equity securities	3,867,429	2,798,413
Equity securities, gross unrealized gains	132,054	5,425
Equity securities, gross unrealized losses	$ (47,936)	$ (132,446)

Investments (Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	$ 18,334,007	$ 22,506,712
Greater than 12 months, fair value	11,456,585	1,752,628
Fair value	29,790,592	24,259,340
Less than 12 months, Cost or Amortized cost	18,440,588	23,111,979
Greater than 12 months, Cost or Amortized cost	11,721,336	1,803,078
Cost or Amortized cost	30,161,924	24,915,057
Less than 12 months, unrealized losses	(106,581)	(605,267)
Greater than 12 months, unrealized losses	(264,751)	(50,450)
Unrealized losses	(371,332)	(655,717)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	1,038,297	993,576
Greater than 12 months, fair value	295,428
Fair value	1,333,725	993,576
Less than 12 months, Cost or Amortized cost	1,046,508	999,520
Greater than 12 months, Cost or Amortized cost	300,204
Cost or Amortized cost	1,346,712	999,520
Less than 12 months, unrealized losses	(8,211)	(5,944)
Greater than 12 months, unrealized losses	(4,776)
Unrealized losses	(12,987)	(5,944)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	9,754,119	10,712,987
Greater than 12 months, fair value	7,445,071	322,641
Fair value	17,199,190	11,035,628
Less than 12 months, Cost or Amortized cost	9,778,528	10,968,840
Greater than 12 months, Cost or Amortized cost	7,645,085	323,901
Cost or Amortized cost	17,423,613	11,292,741
Less than 12 months, unrealized losses	(24,409)	(255,853)
Greater than 12 months, unrealized losses	(200,014)	(1,260)
Unrealized losses	(224,423)	(257,113)
Corporate Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	5,583,942	5,476,442
Greater than 12 months, fair value	2,023,856	984,115
Fair value	7,607,798	6,460,557
Less than 12 months, Cost or Amortized cost	5,610,093	5,552,624
Greater than 12 months, Cost or Amortized cost	2,048,963	999,376
Cost or Amortized cost	7,659,056	6,552,000
Less than 12 months, unrealized losses	(26,151)	(76,182)
Greater than 12 months, unrealized losses	(25,107)	(15,261)
Unrealized losses	(51,258)	(91,443)
State and Local Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	478,019	2,995,362
Greater than 12 months, fair value	1,171,520
Fair value	1,649,539	2,995,362
Less than 12 months, Cost or Amortized cost	479,904	3,130,204
Greater than 12 months, Cost or Amortized cost	1,186,663
Cost or Amortized cost	1,666,567	3,130,204
Less than 12 months, unrealized losses	(1,885)	(134,842)
Greater than 12 months, unrealized losses	(15,143)
Unrealized losses	(17,028)	(134,842)
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	16,854,377	20,178,367
Greater than 12 months, fair value	10,935,875	1,306,756
Fair value	27,790,252	21,485,123
Less than 12 months, Cost or Amortized cost	16,915,033	20,651,188
Greater than 12 months, Cost or Amortized cost	11,180,915	1,323,277
Cost or Amortized cost	28,095,948	21,974,465
Less than 12 months, unrealized losses	(60,656)	(472,821)
Greater than 12 months, unrealized losses	(245,040)	(16,521)
Unrealized losses	(305,696)	(489,342)
Common Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	637,100
Greater than 12 months, fair value		445,872
Fair value	637,100	445,872
Less than 12 months, Cost or Amortized cost	654,800
Greater than 12 months, Cost or Amortized cost		479,801
Cost or Amortized cost	654,800	479,801
Less than 12 months, unrealized losses	(17,700)
Greater than 12 months, unrealized losses		(33,929)
Unrealized losses	(17,700)	(33,929)
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	842,530	2,328,345
Greater than 12 months, fair value	520,710
Fair value	1,363,240	2,328,345
Less than 12 months, Cost or Amortized cost	870,755	2,460,791
Greater than 12 months, Cost or Amortized cost	540,421
Cost or Amortized cost	1,411,176	2,460,791
Less than 12 months, unrealized losses	(28,225)	(132,446)
Greater than 12 months, unrealized losses	(19,711)
Unrealized losses	$ (47,936)	$ (132,446)

Fair Value Disclosures (Narrative) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Securities transferred from level 1 to level 2	$ 0	$ 0
Securities transferred from level 2 to level 1	$ 0	$ 0

Policy Acquisition Costs (Details) - USD ($)	12 Months Ended
Policy Acquisition Costs (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Policy Acquisition Costs [Abstract]
Deferred policy acquisition costs (DAC), beginning of year	$ 4,162,927	$ 3,982,734
Deferred:
Direct commission	7,635,524	7,156,434
Premium taxes	902,438	723,067
Ceding commissions	(983,634)	(959,451)
Underwriting	435,916	384,814
Net deferred	7,990,245	7,304,865
Amortized	7,560,757	7,124,672
DAC, end of year	4,592,415	4,162,927
Policy acquisition costs:
Amortized to expense	7,560,757	7,124,672
Period costs:
Contingent commission	1,795,359	1,826,944
Other underwriting expenses	7,951,584	6,896,931
Total policy acquisition costs	$ 17,307,700	$ 15,848,547

Debt (Narrative) (Details)		1 Months Ended	12 Months Ended
Debt (Narrative) (Details)	Mar. 17, 2017 USD ($) shares	Mar. 31, 2017 USD ($)	Dec. 31, 2017 USD ($) item shares	Dec. 31, 2016 USD ($)	Mar. 24, 2017 shares
Debt Instrument [Line Items]
Corporate debt			$ 4,339,208	$ 3,786,950
Average interest rate			3.90%	5.00%
Revolver
Debt Instrument [Line Items]
Interest expense			$ 0
Debt maturity			Aug. 01, 2018
Additional bonds pledged as collateral			$ 5,000,000
Maximum borrowing capacity			1,750,000
Amount outstanding on facility			$ 0	$ 0
London Interbank Offered Rate (LIBOR) [Member] \| Revolver
Debt Instrument [Line Items]
Variable interest rate			2.00%
London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member] \| Revolver
Debt Instrument [Line Items]
Variable interest rate			3.50%
Surplus Notes [Member]
Debt Instrument [Line Items]
Notes converted	$ 1,650,000
Debt converted, shares issued \| shares	165,000
Debt				1,850,000
Employee stock ownership plan, shares \| shares					350,000
Home Office Mortgage [Member]
Debt Instrument [Line Items]
Debt				183,790
Surplus Notes [Member]
Debt Instrument [Line Items]
Notes converted	$ 1,650,000
Debt converted, shares issued \| shares	165,000
Repayments of borrowed funds		$ 200,000
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Current interest rate			4.70%
Collateral			$ 923,766	1,808,523
Gain (loss) on capital lease			0
Lease payments			501,976	438,593
Outstanding lease obligation			$ 805,013	1,227,541
Capital Lease Obligations [Member] \| Electronic Data Processing [Member]
Debt Instrument [Line Items]
Term of debt instrument			48 months
Capital Lease Obligations [Member] \| Titled Vehicles [Member]
Debt Instrument [Line Items]
Term of debt instrument			36 months
Debt Obligation [Member]
Debt Instrument [Line Items]
Face amount of debt instrument			$ 3,500,000
Interest rate			3.65%
Employee stock ownership plan, shares \| shares			1,500,000
Term of debt instrument			5 years
Debt Obligation [Member] \| Bofi Federal Bank B [Member]
Debt Instrument [Line Items]
Face amount of debt instrument			$ 500,000
Optional prepayment			$ 500,000
Optional prepayment term			12 months
Debt Obligation [Member] \| Bofi Federal Bank C [Member]
Debt Instrument [Line Items]
Face amount of debt instrument			$ 75,000
Debt Obligation [Member] \| Bofi Federal Bank B & C [Member]
Debt Instrument [Line Items]
Interest rate			4.70%
Number of debt agreements \| item			2
Debt			$ 3,534,195	525,619
Term of debt instrument			36 months
Home Office Mortgages [Member]
Debt Instrument [Line Items]
Interest expense			$ 1,518	9,163
Interest rate			2.60%
Debt			$ 0	$ 183,790
Debt maturity			Dec. 31, 2017

Debt (Schedule of Long-Term Debt) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Capital lease obligation	$ 805,013	$ 1,227,541
Total	4,339,208	3,786,950
Surplus Notes [Member]
Debt Instrument [Line Items]
Debt		1,850,000
Debt Obligation [Member]
Debt Instrument [Line Items]
Debt	$ 3,534,195	525,619
Home Office Mortgage [Member]
Debt Instrument [Line Items]
Debt		$ 183,790

Debt (Schedule of Future Minimum Lease Payments) (Details)	Dec. 31, 2017 USD ($)
Debt [Abstract]
2018	$ 501,972
2019	361,374
2020	30,190
Total	893,536
Less: Interest portion	88,523
Total	$ 805,013

Reinsurance (Narrative) (Details) - USD ($)	12 Months Ended
Reinsurance (Narrative) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Ceded Credit Risk [Line Items]
Prepaid reinsurance premiums and recoverables on paid and unpaid losses and settlement expenses	$ 10,029,834	$ 12,114,998
Premiums and reinsurance balances receivable, allowances for uncollectible amounts	0	$ 0
Casualty Business [Member]
Ceded Credit Risk [Line Items]
Excess reinsurance protection	750,000
Property [Member]
Ceded Credit Risk [Line Items]
Excess reinsurance protection	350,000
Workers Compensation [Member]
Ceded Credit Risk [Line Items]
Excess reinsurance protection	$ 500,000
Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverable concentration risk	100.00%
Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverable concentration risk	100.00%
Ceded Premiums Written [Member] \| AM Best, A Or Better Rating [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverable concentration risk	98.00%

Reinsurance (Summary of the Effects of Reinsurance) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
WRITTEN
Direct	$ 53,670,397	$ 51,031,003
Reinsurance assumed	269,184	307,597
Reinsurance ceded	(7,952,661)	(8,111,446)
Net	45,986,920	43,227,154
EARNED
Direct	51,862,625	50,190,888
Reinsurance assumed	299,086	318,476
Reinsurance ceded	(7,948,440)	(7,898,000)
Net	44,213,271	42,611,365
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	37,543,652	33,388,283
Reinsurance assumed	150,051	149,719
Reinsurance ceded	(8,683,870)	(9,193,451)
Net	$ 29,009,833	$ 24,344,551

Reinsurance (Summary of Net Reinsurance Balances Recoverable) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 7,952,661	$ 8,111,446
Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 11,183,000
Percent of Total	100.00%
Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 7,953,000
Percent of Total	100.00%
All Other Reinsurers Including Anticipated Subrogation [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ (2,529,000)
Percent of Total	(22.60%)
All Other Reinsurers Including Anticipated Subrogation [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 1,546,000
Percent of Total	19.40%
AM Best, A+ Rating [Member] \| Everest Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 2,700,000
Percent of Total	24.10%
AM Best, A+ Rating [Member] \| Everest Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 856,000
Percent of Total	10.80%
AM Best, A+ Rating [Member] \| Hannover Ruckversicherungs [Member] \| Standard & Poor's, AA- Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 1,885,000
Percent of Total	16.90%
AM Best, A+ Rating [Member] \| Hannover Ruckversicherungs [Member] \| Standard & Poor's, AA- Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 1,114,000
Percent of Total	14.00%
AM Best, A+ Rating [Member] \| Arch Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 1,241,000
Percent of Total	11.10%
AM Best, A+ Rating [Member] \| Arch Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 86,000
Percent of Total	1.10%
AM Best, A+ Rating [Member] \| Swiss Reinsurance [Member] \| Standard & Poor's, AA- Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 1,120,000
Percent of Total	10.00%
AM Best, A+ Rating [Member] \| Swiss Reinsurance [Member] \| Standard & Poor's, AA- Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 385,000
Percent of Total	4.80%
AM Best, A Rating [Member] \| Aspen Insurance UK Ltd [Member] \| Standard & Poor's, A Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 2,111,000
Percent of Total	18.90%
AM Best, A Rating [Member] \| Aspen Insurance UK Ltd [Member] \| Standard & Poor's, A Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 1,308,000
Percent of Total	16.40%
AM Best, A Rating [Member] \| Partner Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 1,268,000
Percent of Total	11.30%
AM Best, A Rating [Member] \| Partner Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 461,000
Percent of Total	5.80%
AM Best, A Rating [Member] \| Platinum Underwriters [Member] \| Standard & Poor's, A- Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 1,169,000
Percent of Total	10.50%
AM Best, A Rating [Member] \| Platinum Underwriters [Member] \| Standard & Poor's, A- Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 765,000
Percent of Total	9.60%
AM Best, A Rating [Member] \| Toa Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 1,017,000
Percent of Total	9.10%
AM Best, A Rating [Member] \| Toa Reinsurance Company [Member] \| Standard & Poor's, A+ Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 2,000
Percent of Total	0.00%
AM Best, A Rating [Member] \| Allied World Reinsurance [Member] \| Standard & Poor's, A Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 680,000
Percent of Total	6.10%
AM Best, A Rating [Member] \| Allied World Reinsurance [Member] \| Standard & Poor's, A Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 883,000
Percent of Total	11.10%
AM Best, A Rating [Member] \| Endurance [Member] \| Standard & Poor's, A Rating [Member] \| Net Reinsurer Exposure [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Net Reinsurer Exposure	$ 521,000
Percent of Total	4.70%
AM Best, A Rating [Member] \| Endurance [Member] \| Standard & Poor's, A Rating [Member] \| Ceded Premiums Written [Member] \| Reinsurer Concentration Risk [Member]
Ceded Credit Risk [Line Items]
Ceded Premiums Written	$ 547,000
Percent of Total	6.90%

Unpaid Losses and Settlement Expenses (Summary of Cumulative Paid Losses and Settlement Expenses) (Details) claim in Thousands, $ in Thousands	Dec. 31, 2017 USD ($) claim	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	$ 212,010
Cumulative paid loss and settlement expenses, net of reinsurance	171,069
Unpaid loss and settlement expense, net of reinsurance	41,044
Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	75,098
Cumulative paid loss and settlement expenses, net of reinsurance	70,295
Unpaid loss and settlement expense, net of reinsurance	4,802
Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	136,912
Cumulative paid loss and settlement expenses, net of reinsurance	100,774
Unpaid loss and settlement expense, net of reinsurance	36,242
2008 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	21,134	$ 21,098	$ 20,988	$ 20,953	$ 21,061	$ 21,070	$ 21,022	$ 21,319	$ 21,385	$ 22,464
Total IBNR plus expected development on reported claims	$ 24
Cumulative number of reported claims \| claim	2,238
Cumulative paid loss and settlement expenses, net of reinsurance	$ 21,063	21,005	20,799	20,266	19,396	18,428	16,323	13,352	10,500	5,790
2008 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	$ 6,773	6,774	6,805	6,792	6,837	6,901	6,484	6,703	6,892	6,980
Cumulative number of reported claims \| claim	706
Cumulative paid loss and settlement expenses, net of reinsurance	$ 6,773	6,773	6,773	6,775	6,774	6,715	6,584	6,538	6,668	4,308
2008 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	14,361	14,324	14,183	14,161	14,224	14,169	14,538	14,616	14,493	15,484
Total IBNR plus expected development on reported claims	$ 24
Cumulative number of reported claims \| claim	1,532
Cumulative paid loss and settlement expenses, net of reinsurance	$ 14,290	14,232	14,026	13,491	12,622	11,713	9,739	6,814	3,832	$ 1,482
2009 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	16,290	16,265	16,176	16,507	16,681	16,213	15,438	14,944	16,505
Total IBNR plus expected development on reported claims	$ 17
Cumulative number of reported claims \| claim	1,738
Cumulative paid loss and settlement expenses, net of reinsurance	$ 16,201	15,977	15,770	15,429	14,561	12,426	10,257	6,944	4,193
2009 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	$ 4,339	4,370	4,352	4,409	4,562	4,406	3,889	4,099	4,560
Cumulative number of reported claims \| claim	479
Cumulative paid loss and settlement expenses, net of reinsurance	$ 4,339	4,338	4,338	4,349	4,280	4,137	4,082	3,930	2,991
2009 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	11,951	11,895	11,824	12,098	12,119	11,807	11,549	10,845	11,945
Total IBNR plus expected development on reported claims	$ 17
Cumulative number of reported claims \| claim	1,259
Cumulative paid loss and settlement expenses, net of reinsurance	$ 11,862	11,639	11,432	11,080	10,281	8,289	6,175	3,014	$ 1,202
2010 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	16,330	16,313	16,480	16,819	16,363	15,514	16,144	16,119
Total IBNR plus expected development on reported claims	$ 73
Cumulative number of reported claims \| claim	1,578
Cumulative paid loss and settlement expenses, net of reinsurance	$ 16,068	15,940	15,551	14,813	13,202	10,584	7,979	4,414
2010 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	4,899	4,891	5,006	5,118	4,992	4,831	5,105	5,644
Total IBNR plus expected development on reported claims	$ 13
Cumulative number of reported claims \| claim	485
Cumulative paid loss and settlement expenses, net of reinsurance	$ 4,874	4,873	4,818	4,791	4,740	4,719	4,584	3,166
2010 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	11,431	11,422	11,474	11,701	11,371	10,683	11,039	10,475
Total IBNR plus expected development on reported claims	$ 60
Cumulative number of reported claims \| claim	1,093
Cumulative paid loss and settlement expenses, net of reinsurance	$ 11,194	11,067	10,733	10,022	8,462	5,865	3,395	$ 1,248
2011 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	18,450	18,672	18,831	18,791	18,515	18,834	19,802
Total IBNR plus expected development on reported claims	$ 74
Cumulative number of reported claims \| claim	2,011
Cumulative paid loss and settlement expenses, net of reinsurance	$ 18,107	17,560	16,678	14,592	12,300	10,112	6,996
2011 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	6,631	6,645	6,733	6,752	6,621	6,708	7,427
Total IBNR plus expected development on reported claims	$ 1
Cumulative number of reported claims \| claim	655
Cumulative paid loss and settlement expenses, net of reinsurance	$ 6,623	6,589	6,556	6,520	6,459	6,351	5,327
2011 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	11,819	12,027	12,098	12,039	11,894	12,126	12,375
Total IBNR plus expected development on reported claims	$ 73
Cumulative number of reported claims \| claim	1,356
Cumulative paid loss and settlement expenses, net of reinsurance	$ 11,484	10,971	10,122	8,072	5,841	3,761	$ 1,669
2012 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	19,256	19,174	18,184	17,813	17,712	19,265
Total IBNR plus expected development on reported claims	$ 217
Cumulative number of reported claims \| claim	1,832
Cumulative paid loss and settlement expenses, net of reinsurance	$ 18,225	17,239	14,689	11,958	9,422	6,129
2012 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	6,411	6,482	6,546	6,406	6,374	6,143
Total IBNR plus expected development on reported claims	$ (12)
Cumulative number of reported claims \| claim	507
Cumulative paid loss and settlement expenses, net of reinsurance	$ 6,472	6,326	6,362	6,369	6,401	4,949
2012 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	12,845	12,692	11,638	11,407	11,338	13,122
Total IBNR plus expected development on reported claims	$ 229
Cumulative number of reported claims \| claim	1,325
Cumulative paid loss and settlement expenses, net of reinsurance	$ 11,753	10,913	8,327	5,589	3,021	$ 1,180
2013 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	22,167	21,375	21,459	21,861	21,850
Total IBNR plus expected development on reported claims	$ 627
Cumulative number of reported claims \| claim	1,796
Cumulative paid loss and settlement expenses, net of reinsurance	$ 20,446	18,661	15,834	12,235	8,435
2013 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	8,471	8,415	8,290	8,302	9,266
Total IBNR plus expected development on reported claims	$ 161
Cumulative number of reported claims \| claim	482
Cumulative paid loss and settlement expenses, net of reinsurance	$ 8,265	8,238	8,200	8,079	6,856
2013 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	13,696	12,960	13,169	13,559	12,584
Total IBNR plus expected development on reported claims	$ 466
Cumulative number of reported claims \| claim	1,314
Cumulative paid loss and settlement expenses, net of reinsurance	$ 12,181	10,423	7,634	4,156	$ 1,579
2014 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	24,601	23,139	22,330	22,250
Total IBNR plus expected development on reported claims	$ 962
Cumulative number of reported claims \| claim	1,972
Cumulative paid loss and settlement expenses, net of reinsurance	$ 21,398	17,261	11,718	7,782
2014 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	7,883	7,798	7,586	8,865
Total IBNR plus expected development on reported claims	$ 48
Cumulative number of reported claims \| claim	561
Cumulative paid loss and settlement expenses, net of reinsurance	$ 7,796	7,746	7,631	6,243
2014 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	16,718	15,341	14,744	13,385
Total IBNR plus expected development on reported claims	$ 914
Cumulative number of reported claims \| claim	1,411
Cumulative paid loss and settlement expenses, net of reinsurance	$ 13,602	9,515	4,087	$ 1,539
2015 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	21,157	21,370	24,289
Total IBNR plus expected development on reported claims	$ 3,135
Cumulative number of reported claims \| claim	1,663
Cumulative paid loss and settlement expenses, net of reinsurance	$ 14,874	11,359	6,462
2015 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	7,717	7,494	7,693
Total IBNR plus expected development on reported claims	$ (9)
Cumulative number of reported claims \| claim	427
Cumulative paid loss and settlement expenses, net of reinsurance	$ 7,474	7,040	5,057
2015 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	13,440	13,876	16,596
Total IBNR plus expected development on reported claims	$ 3,144
Cumulative number of reported claims \| claim	1,236
Cumulative paid loss and settlement expenses, net of reinsurance	$ 7,400	4,319	$ 1,405
2016 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	22,824	25,618
Total IBNR plus expected development on reported claims	$ 4,975
Cumulative number of reported claims \| claim	1,592
Cumulative paid loss and settlement expenses, net of reinsurance	$ 13,109	7,647
2016 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	7,981	8,941
Total IBNR plus expected development on reported claims	$ (249)
Cumulative number of reported claims \| claim	445
Cumulative paid loss and settlement expenses, net of reinsurance	$ 7,624	6,157
2016 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	14,843	16,677
Total IBNR plus expected development on reported claims	$ 5,224
Cumulative number of reported claims \| claim	1,147
Cumulative paid loss and settlement expenses, net of reinsurance	$ 5,485	$ 1,490
2017 [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	29,801
Total IBNR plus expected development on reported claims	$ 10,943
Cumulative number of reported claims \| claim	1,531
Cumulative paid loss and settlement expenses, net of reinsurance	$ 11,578
2017 [Member] \| Property Line [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	13,993
Total IBNR plus expected development on reported claims	$ 204
Cumulative number of reported claims \| claim	515
Cumulative paid loss and settlement expenses, net of reinsurance	$ 10,055
2017 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Incurred loss and settlement expenses, net of reinsurance	15,808
Total IBNR plus expected development on reported claims	$ 10,739
Cumulative number of reported claims \| claim	1,016
Cumulative paid loss and settlement expenses, net of reinsurance	$ 1,523
Years 2008 Through 2017 [Member]
Claims Development [Line Items]
Unpaid losses and settlement expense	40,941
Years 2008 Through 2017 [Member] \| Property Line [Member]
Claims Development [Line Items]
Unpaid losses and settlement expense	4,803
Years 2008 Through 2017 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Unpaid losses and settlement expense	36,138
Prior To 2008 [Member]
Claims Development [Line Items]
Unpaid losses and settlement expense	103
Prior To 2008 [Member] \| Property Line [Member]
Claims Development [Line Items]
Unpaid losses and settlement expense	(1)
Prior To 2008 [Member] \| Workers Compensation and Liability Lines [Member]
Claims Development [Line Items]
Unpaid losses and settlement expense	$ 104

Unpaid Losses and Settlement Expenses (Summary of Annual Percentage Payout) (Details)	Dec. 31, 2017
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	42.80%
Year 2	26.20%
Year 3	14.60%
Year 4	6.70%
Year 5	4.40%
Year 6	2.80%
Year 7	1.00%
Year 8	0.70%
Year 9+	0.70%
Property Line [Member]
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	71.30%
Year 2	13.60%
Year 3	3.40%
Year 4	2.80%
Year 5	7.80%
Year 6	(0.30%)
Year 7	0.50%
Year 8	1.00%
Year 9+	(0.10%)
Liability Lines [Member]
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	40.50%
Year 2	27.20%
Year 3	15.70%
Year 4	6.90%
Year 5	4.10%
Year 6	3.00%
Year 7	1.10%
Year 8	0.70%
Year 9+	0.20%

Unpaid Losses and Settlement Expenses (Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Unpaid losses and settlement expense - beginning of the period:
Gross	$ 52,817,254	$ 61,056,000
Less: Ceded	12,114,998	19,158,000
Net	40,702,000	41,898,000
Increase (decrease) in incurred losses and settlement expense:
Current year	29,801,000	25,620,000
Prior years	(791,000)	(1,275,000)
Net	29,009,833	24,344,551
Deduct: Loss and settlement expense payments for claims incurred:
Current year	11,578,000	7,649,000
Prior years	17,090,000	17,892,000
Total paid	28,668,000	25,541,000
Net unpaid losses and settlement expense - end of the period	41,044,000	40,702,000
Plus: Reinsurance recoverable on unpaid losses	10,029,834	12,114,998
Gross unpaid losses and settlement expense - end of the period	51,074,126	52,817,254
Supplemental ceded unpaid losses and settlement expense at end of year disclosure:
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 in 2017 and $0 in 2016	$ 12,114,998	$ 19,158,000	$ 10,029,834	$ 12,114,998
Less : Reinsurance balances payable
Reinsurance recoverable on unpaid losses			10,029,834	12,114,998
Reinsurance balances recoverable on unpaid losses and settlement expenses, allowances for uncollectible amounts			$ 0	$ 0

Income Taxes (Narrative) (Details)	12 Months Ended
Income Taxes (Narrative) (Details)	Dec. 31, 2018	Dec. 31, 2017 USD ($) item	Dec. 31, 2016
Federal tax rate		34.00%	34.00%
Effective tax rate		34.50%	29.50%
Effect of change in tax rate		$ 152,173
Increase in effective tax rate		14.10%
Capital loss carryforward		$ 0
Operating loss carryforward		$ 0
Number of open exams \| item		0
Scenario, Plan [Member]
Federal tax rate	21.00%

Income Taxes (Schedule of Deferred Tax Assets and Deferred Tax Liabilities) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Tax discounting of claim reserves	$ 454,772	$ 730,161
Unearned premium reserve	1,139,002	1,710,498
AMT credit carryforward	103,439
Deferred compensation	131,175	356,650
Provision for uncollectible accounts	10,500	17,000
Property and equipment		837
Other	71,688	88,393
Deferred tax assets before allowance	1,910,576	2,903,539
Less valuation allowance
Total deferred tax assets	1,910,576	2,903,539
Deferred tax liabilities:
Net unrealized appreciation of securities	592,005	594,575
Deferred policy acquisition costs	964,407	1,415,395
Property and equipment	1,267
Other	3,639	5,315
Total deferred tax liabilities	1,561,318	2,015,285
Net deferred tax asset	$ 349,258	$ 888,254

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Abstract]
Provision for income taxes at the statutory federal tax rates	$ 367,246	$ 1,355,704
Increase (reduction) in taxes resulting from:
Dividends received deduction	(48,020)	(36,414)
Tax-exempt interest income	(219,550)	(163,011)
15% proration of tax exempt interest and dividends received decution	38,203	29,914
Officer life insurance, net	(546)	(1,292)
Nondeductible expenses	70,329	47,766
Effect of change in tax rate	152,173
Prior year true-ups and other	12,450	(55,698)
Total income tax expense	$ 372,285	$ 1,176,969
Proration percentage	15.00%	15.00%

Employee Benefits (Details) - USD ($)		3 Months Ended	12 Months Ended
Employee Benefits (Details) - USD ($)	Mar. 24, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Matching percentage of eligible compensation			4.00%
Employee stock ownership plan, shares	350,000
Employee stock ownership plan, share purchase price	$ 10.00
Compensation expense		$ 269,344	$ 367,730
Shares committed to be released		21,878	21,878
Shares committed		2,320	2,320
Fair value of unearned ESOP		$ 5,338,545	$ 5,338,545
401(k) Eligible Compensation [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage			100.00%
401(k) Profit Sharing [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage			25.00%
Total contribution		$ 311,507	$ 311,507	$ 217,598
Deferred Compensation Agreement [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Discount rate		3.60%	3.60%
Fully vested obligation			$ 1,689,467
Accrued liability		$ 248,481	248,481	153,409
Deferred compensation benefit (cost)			$ (95,072)	$ 20,267
Deferred Compensation Agreement [Member] \| November 2017 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage			25.00%
Deferred Compensation Agreement [Member] \| November 2022 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage			50.00%
Deferred Compensation Agreement [Member] \| November 2027 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage			75.00%
Deferred Compensation Agreement [Member] \| January 1, 2032 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage			100.00%

Statutory Information and Dividend Restrictions (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statutory Accounting Practices [Line Items]
Authorized control level	$ 6,275,664	$ 6,314,396
Statutory capital and surplus	50,772,460	29,957,250
Year-end statutory surplus	0	51,207
Cost basis	$ 270,078	270,078
Dividend restrictions	No Illinois domiciled company may pay any extraordinary dividend or make any other extraordinary distribution to its security holders until: (a) 30 days after the Director has received notice of the declaration thereof and has not within such period disapproved the payment, or (b) the Director approves such payment within the 30-day period. For purposes of this subsection, an extraordinary dividend or distribution is any dividend or distribution of cash or other property whose fair market value, together with that of other dividends or distributions, made within the period of 12 consecutive months ending on the date on which the proposed dividend is scheduled for payment or distribution exceeds the greater of: (a) 10% of the company's surplus as regards policyholders as of the 31st day of December next preceding, or (b) the net income of the company for the 12-month period ending the 31st day of December next preceding, but does not include pro rata distributions of any class of the company's own securities.
Dividends To Security Holders [Member]
Statutory Accounting Practices [Line Items]
Dividend payments	$ 0	0
Cash Dividends [Member]
Statutory Accounting Practices [Line Items]
Dividend payments	$ 2,646	$ 1,838

Statutory Information and Dividend Restrictions (Summary of Insurance Subsidiary) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statutory Information and Dividend Restrictions [Abstract]
Net income, statutory basis	$ 1,316,086	$ 3,445,706
Consolidated surplus, statutory basis	$ 50,772,460	$ 29,957,250

Related Party (Details)		12 Months Ended
Related Party (Details)	Mar. 17, 2017 USD ($) shares	Dec. 31, 2017 USD ($) loan	Dec. 31, 2016 USD ($)
Related Party Transaction [Line Items]
Interest expense on debt		$ 225,379	$ 226,095
John R. Klockau [Member]
Related Party Transaction [Line Items]
Fees paid to related party		16,230	12,944
Kevin Clinton [Member]
Related Party Transaction [Line Items]
Fees paid to related party		1,330	0
Scott T. Burgess [Member]
Related Party Transaction [Line Items]
Fees paid to related party		2,690	2,190
Griffin Financial Group [Member]
Related Party Transaction [Line Items]
Fees paid to related party		893,240	9,910
Stevens & Lee [Member]
Related Party Transaction [Line Items]
Fees paid to related party		$ 46,286	630,125
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
Interest expense on debt		$ 12,975	$ 64,000

Commitments and Contingent Liabilities (Schedule of Operating Lease Obligations) (Details)	Dec. 31, 2017 USD ($)
Commitments and Contingent Liabilities [Abstract]
2018	$ 100,509
2019	49,745
Total	$ 150,254

Subsequent Events (Details) - Subsequent Event [Member] - USD ($)	Mar. 07, 2018	Mar. 02, 2018	Feb. 20, 2018
Subsequent Event [Line Items]
Sale leaseback payment	$ 346,000	$ 343,365
Restricted Stock Units (RSUs)
Subsequent Event [Line Items]
Shares awarded			11,700

Schedule II - Condensed Financial Information of Registrant (Balance Sheet) (Details) - USD ($)

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Available for sale securities, at fair value

Fixed maturity securities

$ 89,605,073

$ 64,134,023

Common Stocks

12,401,538

9,780,960

Cash and cash equivalents

6,876,519

4,376,847

$ 2,179,511

Accrued investment income

687,453

524,156

Net deferred federal income taxes

349,258

888,254

Other assets

1,301,420

2,351,347

Total assets

152,335,361

122,159,961

Liabilities:

Debt

4,339,208

3,786,950

Accrued expenses

4,274,002

4,827,042

Other liabilities

1,663,415

2,241,003

Total liabilities

88,233,816

88,559,751

Equity:

Common stock

^[1]

35,000

Additional paid-in capital

32,333,290

Accumulated other comprehensive earnings, net of tax

2,227,069

1,154,175

Retained earnings

32,787,406

32,446,035

Less: Unearned Employee Stock Ownership Plan shares at cost

^[2]

(3,281,220)

Total equity

64,101,545

33,600,210

Total liabilities and equity

152,335,361

122,159,961

Parent Company [Member]

Assets

Investment in subsidiaries

61,945,522

Available for sale securities, at fair value

Fixed maturity securities

2,604,331

Common Stocks

1,031,038

Cash and cash equivalents

1,591,979

Due from subsidiaries

483,380

Accrued investment income

6,640

Net deferred federal income taxes

85,676

Other assets

93,111

Total assets

67,841,677

Liabilities:

3,496,108

79,261

164,762

3,740,131

Equity:

Common stock

35,000

Additional paid-in capital

32,333,290

Accumulated other comprehensive earnings, net of tax

2,227,069

Retained earnings

32,787,406

Less: Unearned Employee Stock Ownership Plan shares at cost

(3,281,220)

Total equity

64,101,545

Total liabilities and equity

$ 67,841,677

[1]	Par value $0.01; authorized: 2017 - 10,000,000 shares and 2016 - 0 shares; issued: 2017 - 3,500,000 and 2016 - 0 shares; outstanding: 2017 - 3,171,878 and 2016 - 0 shares.
[2]	2017 - 328,122 shares and 2016 - 0 shares

Schedule II - Condensed Financial Information of Registrant (Balance Sheet II) (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	0
Common stock, shares issued (in shares)	3,500,000	0
Common stock, shares outstanding (in shares)	3,171,878	0
Unearned ESOP shares (in shares)	328,122	0
Parent Company [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	0
Common stock, shares issued (in shares)	3,500,000	0
Common stock, shares outstanding (in shares)	3,171,878	0
Unearned ESOP shares (in shares)	328,122	0

Schedule II - Condensed Financial Information of Registrant (Statement of Earnings and Comprehensive Earnings) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net investment income	$ 2,632,498	$ 1,967,938
Net realized investment gains	1,064,577	249,923
Other-than-temporary impairment losses	(57,316)	(212,731)
Other income	325,127	254,447
Consolidated revenues	48,178,157	44,870,942
Policy acquisition costs and other operating expenses	17,307,700	15,848,547
Interest expense on debt	225,379	226,095
General corporate expenses	555,109	464,383
Total expenses	47,098,021	40,883,576
Total income tax benefit	372,285	1,176,969
Net loss before equity earnings of subsidiaries	707,851	2,810,397
Net earnings	707,851	2,810,397
Other comprehensive earnings, net of tax	706,414	624,078
Equity in other comprehensive income of subsidiaries	1,414,265	$ 3,434,475
Parent Company [Member]
Net investment income	152,932
Net realized investment gains	141,902
Other-than-temporary impairment losses
Other income	399
Consolidated revenues	295,233
Policy acquisition costs and other operating expenses	1,228,459
Interest expense on debt	98,537
General corporate expenses
Total expenses	1,326,997
Loss before equity earninggs of subsidiaries and income taxes	(1,031,763)
Total income tax benefit	(346,746)
Net loss before equity earnings of subsidiaries	(685,017)
Equity earnings in subsidiaries	1,392,868
Net earnings	707,851
Other comprehensive earnings, net of tax	55,828
Equity in other comprehensive income of subsidiaries	650,586
Comprehensive (loss) earnings	$ 1,414,265

Schedule II - Condensed Financial Information of Registrant (Statement of Cash Flows) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows From Operating Activities
Net earnings	$ 707,851	$ 2,810,397
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities
Net realized investment gains	(1,064,577)	(249,923)
Depreciation	822,621	817,774
Deferred income tax	175,085	190,903
Amortization of bond premium and discount	334,150	246,470
Change in:
Accrued investment income	(163,297)	56,630
Accrued expenses	(553,040)	730,852
Current federal income tax	(423,895)	623,954
Other	472,340	1,266,466
Net cash provided by operating activities	734,669	4,591,750
Purchases of:
Fixed maturity securities, available-for-sale	(32,572,815)	(10,410,051)
Property and equipment	(532,374)	(856,504)
Proceeds from sales, maturities and calls of:
Fixed maturity securities, available-for-sale	7,431,133	11,437,484
Net cash used in investing activities	(27,874,326)	(1,602,062)
Cash flows from financing activities:
Net proceeds received from issuance of shares of common stock and ESOP expense	29,087,070
Proceeds from loan	3,499,149	575,000
Repayments of borrowed funds	(2,946,890)	(839,254)
Net cash (used in) provided by financing activities	29,639,329	(792,352)
Net increase in cash and cash equivalents	2,499,672	2,197,336
Cash and cash equivalents at beginning of year	4,376,847	2,179,511
Cash and cash equivalents at end of period	6,876,519	4,376,847
Supplemental information:
Federal income tax paid	600,000	300,000
Interest paid	192,197	225,964
Parent Company [Member]
Cash Flows From Operating Activities
Net earnings	707,851
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities
Net realized investment gains	(141,902)
Depreciation	3,160
Deferred income tax	(85,676)
Equity in undistributed (income) loss of subsidiaries	(1,392,868)
Amortization of bond premium and discount	22,566
Change in:
Due from subsidiaries	(115,650)
Accrued investment income	6,640
Accrued expenses	79,261
Current federal income tax	103,439
Other	(31,787)
Net cash provided by operating activities	(844,966)
Cash flows from investing activities:
Contributions to subsidiaries	(26,330,618)
Purchases of:
Fixed maturity securities, available-for-sale	(8,280,927)
Common stocks, available-for-sale	(1,566,247)
Property and equipment	(28,407)
Proceeds from sales, maturities and calls of:
Fixed maturity securities, available-for-sale	5,762,299
Common stocks, available-for-sale	665,397
Net cash used in investing activities	(29,778,503)
Cash flows from financing activities:
Net proceeds received from issuance of shares of common stock and ESOP expense	28,719,340
Proceeds from loan	3,499,149
Repayments of borrowed funds	(3,041)
Net cash (used in) provided by financing activities	32,215,448
Net increase in cash and cash equivalents	1,591,979
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of period	1,591,979
Supplemental information:
Federal income tax paid
Interest paid	$ 65,276

Schedule III - Supplemental Insurance Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Supplementary Insurance Information, by Segment [Line Items]
Deferred policy acquisition costs	$ 4,592	$ 4,163
Future policy benefits, losses, claims and loss expenses	51,074	52,817
Unearned premiums	26,556	24,778
Other policy and benefits payable	327	110
Net premiums earned	44,213	42,611
Net investment income	2,632	1,968
Benefits, claims, losses and settlement expenses	29,010	24,345
Amortization of DAC	7,561	7,125
Other operating expenses	10,527	9,414
Net premiums written	45,987	43,227
Commercial Business [Member]
Supplementary Insurance Information, by Segment [Line Items]
Deferred policy acquisition costs	4,592	4,163
Future policy benefits, losses, claims and loss expenses	51,074	52,817
Unearned premiums	26,556	24,778
Other policy and benefits payable	327	110
Net premiums earned	44,213	42,611
Net investment income	2,632	1,968
Benefits, claims, losses and settlement expenses	29,010	24,345
Amortization of DAC	7,561	7,125
Other operating expenses	10,527	9,414
Net premiums written	$ 45,987	$ 43,227

Schedule IV - Reinsurance (Details) - USD ($)	12 Months Ended
Schedule IV - Reinsurance (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule IV - Reinsurance [Abstract]
Gross Amount	$ 51,862,625	$ 50,190,888
Ceded to Other Companies	7,948,440	7,898,000
Assumed From Other Companies	299,086	318,476
Net	$ 44,213,271	$ 42,611,365
Percentage of Amount Assumed to Net	0.70%	0.70%

Schedule V - Allowance for Uncollectible Premiums and Other Receivables (Details) - Allowance for Uncollectible Premiums and Other Recievables [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 50	$ 100
Additions
Deletion		(50)
Ending balance	$ 50	$ 50

Schedule VI - Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule VI - Supplemental Information [Abstract]
Deferred policy acquisition costs	$ 4,592	$ 4,163
Reserve for Losses and settlement expenses	51,074	52,817
Discount if any deducted from reserves
Unearned premium	26,556	24,778
Net earned premiums	44,213	42,611
Net investment income	2,632	1,968
Losses and settlement expenses incurred related to Current year	29,801	25,620
Losses and settlement expenses incurred related to Prior year	(791)	(1,275)
Amortization of DAC	7,561	7,125
Paid losses and settlement expenses	(28,668)	(25,541)
Net written premiums	$ 45,987	$ 43,227

Fair Value Disclosures (Summary of Assets Measured at Fai Value on a recurring Basis) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	$ 102,006,611	$ 73,914,983
US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,333,725	1,241,125
MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	31,518,662	19,677,200
Corporate Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	31,989,174	28,344,907
State and Local Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	24,763,512	14,870,791
Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	89,605,073	64,134,023
Common Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	8,534,109	6,982,547
Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	3,867,429	2,798,413
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	12,401,538	9,780,960
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	9,867,834	8,223,672
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	1,333,725	1,241,125
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
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporate Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Quoted Prices in Active Markets for Identical Assets (Level 1) \| State and Local Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
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	1,333,725	1,241,125
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Common Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	8,534,109	6,982,547
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
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	8,534,109	6,982,547
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	92,138,777	65,691,311
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
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	31,518,662	19,677,200
Significant Other Observable Inputs (Level 2) \| Corporate Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	31,989,174	28,344,907
Significant Other Observable Inputs (Level 2) \| State and Local Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	24,763,512	14,870,791
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	88,271,348	62,892,898
Significant Other Observable Inputs (Level 2) \| Common Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Significant Other Observable Inputs (Level 2) \| Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	3,867,429	2,798,413
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	2,798,413
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Significant Unobservable Inputs (Level 3) \| US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
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
Significant Unobservable Inputs (Level 3) \| Corporate Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Significant Unobservable Inputs (Level 3) \| State and Local Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
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
Significant Unobservable Inputs (Level 3) \| Common Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Significant Unobservable Inputs (Level 3) \| Preferred Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Significant Unobservable Inputs (Level 3) \| Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities