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Accumulated Other Comprehensive Income (loss) (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income

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

  

   2024   2023   2024   2023 
   Three Months Ended September 30,   Nine Months Ended September 30, 
   2024   2023   2024   2023 
                 
Unrealized gains (losses) on fixed maturity securities available for sale  $10,595,637   $(6,725,752)  $8,809,823   $(6,310,923)
Amounts reclassified into net earnings   (152,147)   (79,850)   (148,472)   (269,827)
Net unrealized gains (losses) before taxes   10,443,490    (6,805,602)   8,661,351    (6,580,750)
Tax (expense) benefit   (2,198,474)   1,429,176    (1,824,502)   1,381,958 
Net   8,245,016    (5,376,426)   6,836,849    (5,198,792)
Unrealized gains (losses) on restricted assets (1)   9,353    (12,284)   5,770    (14,340)
Tax (expense) benefit   (2,330)   3,060    (1,437)   3,572 
Net   7,023    (9,224)   4,333    (10,768)
Unrealized gains (losses) on cemetery perpetual care
 trust investments (1)		   4,263    (2,487)   2,438    (3,299)
Tax (expense) benefit   (1,062)   610    (607)   838 
Net   3,201    (1,877)   1,831    (2,461)
Other comprehensive income (loss) changes  $8,255,240   $(5,387,527)  $6,843,013   $(5,212,021)

 

 

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

The following table presents the accumulated balances of other comprehensive income (loss) as of September 30, 2024:

   

   Beginning Balance December 31, 2023   Change for the period   Ending Balance September 30,
2024		 
Unrealized gains (losses) on fixed maturity securities available for sale  $(6,876,629)  $6,836,849   $(39,780)
Unrealized gains (losses) on restricted assets (1)   (4,757)   4,333    (424)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)   (4,172)   1,831    (2,341)
Other comprehensive income (loss)  $(6,885,558)  $6,843,013   $(42,545)

 

 

(1)Fixed maturity securities available for sale

 

The following table presents 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