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Accumulated Other Comprehensive Income (loss) (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income

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

 

 

   2023   2022 
   December 31 
   2023   2022 
         
Unrealized gains (losses) on fixed maturity securities available for sale  $7,853,398   $(39,493,861)
Amounts reclassified into net earnings   (39,074)   162,173 
Net unrealized gains (losses) before taxes   7,814,324    (39,331,688)
Tax benefit (expense)   (1,640,186)   8,259,656 
Net   6,174,138    (31,072,032)
Unrealized gains (losses) on restricted assets (1)   11,175    (71,035)
Tax benefit (expense)   (2,784)   17,695 
Net   8,391    (53,340)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)   2,917    (20,446)
Tax benefit (expense)   (727)   5,093 
Net   2,190    (15,353)
Other comprehensive income (loss) changes  $6,184,719   $(31,140,725)

 

 

(1)Fixed maturity securities available for sale
Schedule of Accumulated Balances of Other Comprehensive Income

The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2023:

  

   Beginning Balance December 31, 2022   Change for the period   Ending Balance
December 31,
2023		 
Unrealized gains (losses) on fixed maturity securities
available for sale		  $(13,050,767)  $6,174,138   $(6,876,629)
Unrealized gains (losses) on restricted assets (1)   (13,148)   8,391    (4,757)
Unrealized gains (losses) on cemetery perpetual
care trust investments (1)		   (6,362)   2,190    (4,172)
Other comprehensive income (loss)  $(13,070,277)  $6,184,719   $(6,885,558)

 

 

(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