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Accumulated Other Comprehensive Income (loss)
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Accumulated Other Comprehensive Income (loss)

16) Accumulated Other Comprehensive Income (loss)

 

The following summarizes the changes in accumulated other comprehensive income (loss):

 

   2023   2022   2023   2022 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2023   2022   2023   2022 
                 
Unrealized gains (losses) on fixed maturity securities
available for sale		  $(4,913,327)  $(13,114,816)  $523,602   $(28,486,911)
Amounts reclassified into net earnings   (79,850)   119,684    (298,750)   164,877 
Net unrealized gains (losses) before taxes   (4,993,177)   (12,995,132)   224,852    (28,322,034)
Tax (expense) benefit   1,048,567    2,728,977    (47,219)   5,947,627 
Net   (3,944,610)   (10,266,155)   177,633    (22,374,407)
Unrealized losses on restricted assets (1)   (6,189)   (43,169)   (2,056)   (115,118)
Tax benefit   1,542    10,754    512    28,676 
Net   (4,647)   (32,415)   (1,544)   (86,442)
Unrealized losses on cemetery perpetual care
trust investments (1)		   (3,738)   (15,868)   (812)   (53,225)
Tax benefit   943    3,953    229    13,259 
Net   (2,795)   (11,915)   (583)   (39,966)
Other comprehensive income (loss) changes  $(3,952,052)  $(10,310,485)  $175,506   $(22,500,815)

 

 

(1)Fixed maturity securities available for sale

 

The following is the accumulated balances of other comprehensive income (loss) as of June 30, 2023:

 

   Beginning Balance December 31, 2022   Change for the period   Ending Balance
June 30,
2023		 
Unrealized gains (losses) on fixed maturity securities
 available for sale		  $(13,050,767)  $177,633   $(12,873,134)
Unrealized losses on restricted assets (1)   (13,148)   (1,544)   (14,692)
Unrealized losses on cemetery perpetual
care trust investments (1)		   (6,362)   (583)   (6,945)
Other comprehensive income (loss)  $(13,070,277)  $175,506   $(12,894,771)

 

 

(1)Fixed maturity securities available for sale

 

The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2022:

 

   Beginning Balance December 31, 2021   Change for the
period		   Ending Balance
December 31,
2022		 
Unrealized gains (losses) on fixed maturity securities
available for sale		  $18,021,265   $(31,072,032)  $(13,050,767)
Unrealized gains (losses) on restricted assets (1)   40,192    (53,340)   (13,148)
Unrealized gains (losses) on cemetery perpetual
 care trust investments (1)		   8,991    (15,353)   (6,362)
Other comprehensive income (loss)  $18,070,448   $(31,140,725)  $(13,070,277)

 

(1)Fixed maturity securities available for sale