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Accumulated Other Comprehensive Income (loss) (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income

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

  

   2024   2023 
   December 31 
   2024   2023 
         
Unrealized gains on fixed maturity securities available for sale  $77,334   $7,853,398 
Amounts reclassified into net earnings   (156,562)   (39,074)
Net unrealized gains (losses) before taxes   (79,228)   7,814,324 
Tax benefit (expense)   13,942    (1,640,186)
Net   (65,286)   6,174,138 
Unrealized gains on restricted assets (1)   841    11,175 
Tax expense   (210)   (2,784)
Net   631    8,391 
Unrealized gains (losses) on cemetery perpetual care trust investments (1)   (1,403)   2,917 
Tax benefit (expense)   350    (727)
Net   (1,053)   2,190 
Other comprehensive income (loss) changes  $(65,708)  $6,184,719 

 

 

(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, 2024:

   

   Beginning Balance December 31, 2023   Change for the period   Ending Balance December 31,
2023		 
Unrealized gains on fixed maturity securities
available for sale		  $(6,876,629)  $(65,286)  $(6,941,915)
Unrealized gains (losses) on restricted assets (1)   (4,757)   631    (4,126)
Unrealized losses on cemetery perpetual
care trust investments (1)		   (4,172)   (1,053)   (5,225)
Other comprehensive loss  $(6,885,558)  $(65,708)  $(6,951,266)

 

 

(1) Fixed maturity securities available for sale

 

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