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Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

The following summarizes the changes in accumulated other comprehensive income:

	2021			2020
	December 31
	2021			2020

Unrealized gains on fixed maturity securities available for sale	$	(7,323,241	)	$	12,016,464
Amounts reclassified into net earnings		805,510			(2,772	)
Net unrealized gains before taxes		(6,517,731	)		12,013,692
Tax expense		1,368,721			(2,522,876	)
Net		(5,149,010	)		9,490,816
Unrealized gains on restricted assets (1)		(23,250	)		41,225
Tax expense		5,792			(10,269	)
Net		(17,458	)		30,956
Unrealized gains on cemetery perpetual care trust investments (1)		(11,114	)		(6,817	)
Tax expense		2,769			1,698
Net		(8,345	)		(5,119	)
Unrealized gains for foreign currency translations adjustments		2,835			(46	)
Tax expense		(707	)		12
Net		2,128			(34	)
Other comprehensive income changes	$	(5,172,685	)	$	9,516,619

(1)	Fixed maturity securities available for sale

The following is the accumulated balances of other comprehensive income as of December 31, 2021:

	Beginning Balance December 31, 2020			Change for the period			Ending Balance December 31, 2021
Unrealized gains (losses) on fixed maturity securities available for sale	$	23,170,275		$	(5,149,010	)	$	18,021,265
Unrealized gains (losses) on restricted assets (1)		57,650			(17,458	)		40,192
Unrealized gains (losses) on cemetery perpetual care trust investments (1)		17,336			(8,345	)		8,991
Foreign currency translation adjustments		(2,128	)		2,128			-
Other comprehensive income	$	23,243,133		$	(5,172,685	)	$	18,070,448

(1) Fixed maturity securities available for sale

The following is the accumulated balances of other comprehensive income as of December 31, 2020:

	Beginning Balance December 31, 2019			Change for the period			Ending Balance December 31, 2020
Unrealized gains on fixed maturity securities available for sale	$	13,679,459		$	9,490,816		$	23,170,275
Unrealized gains on restricted assets (1)		26,694			30,956			57,650
Unrealized gains (losses) on cemetery perpetual care trust investments (1)		22,455			(5,119	)		17,336
Foreign currency translation adjustments		(2,094	)		(34	)		(2,128	)
Other comprehensive income	$	13,726,514		$	9,516,619		$	23,243,133

(1)	Fixed maturity securities available for sale