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Accumulated Other Comprehensive Income (loss) (Tables)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income

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

 

   2025   2024 
   Three Months Ended March 31, 
   2025   2024 
         
Unrealized gains (losses) on fixed maturity securities available for sale  $3,916,254   $(1,035,099)
Amounts reclassified into net earnings   (127,525)   (96,551)
Net unrealized gains (losses) before taxes   3,788,729    (1,131,650)
Tax (expense) benefit   (796,451)   238,552 
Net   2,992,278    (893,098)
Unrealized gains (losses) on restricted assets (1)   4,288    (1,890)
Tax (expense) benefit   (1,068)   471 
Net   3,220    (1,419)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)   2,815    (774)
Tax (expense) benefit   (701)   193 
Net   2,114    (581)
Other comprehensive income (loss) changes  $2,997,612   $(895,098)

 

 

(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 March 31, 2025:

 

   Beginning Balance December 31, 2024   Change for the period   Ending Balance March 31,
2025		 
Unrealized gains (losses) on fixed maturity securities
available for sale		  $(6,941,915)  $2,992,278   $(3,949,637)
Unrealized gains (losses) on restricted assets (1)   (4,126)   3,220    (906)
Unrealized gains (losses) on cemetery perpetual
care trust investments (1)		   (5,225)   2,114    (3,111)
Other comprehensive income (loss)  $(6,951,266)  $2,997,612   $(3,953,654)

 

 

(1)Fixed maturity securities available for sale

 

The following table presents 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,
2024		 
Unrealized losses 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