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Accumulated Other Comprehensive Income (loss)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Accumulated Other Comprehensive Income (loss)

16) Accumulated Other Comprehensive Income (loss)

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

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) 

		2025				2024				2025				2024
		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Unrealized gains (losses) on fixed maturity securities available for sale		$	2,642,449			$	(654,164	)		$	6,558,703			$	(1,689,264	)
Amounts reclassified into net earnings			50,796				3,675				(76,729	)			(92,876	)
Net unrealized gains (losses) before taxes			2,693,245				(650,489	)			6,481,974				(1,782,140	)
Tax (expense) benefit			(565,252	)			135,422				(1,361,701	)			373,973
Net			2,127,993				(515,067	)			5,120,273				(1,408,167	)
Unrealized losses on restricted assets (1)			(4,819	)			(1,694	)			(532	)			(3,583	)
Tax benefit			1,200				422				132				893
Net			(3,619	)			(1,272	)			(400	)			(2,690	)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)			(1,150	)			(1,052	)			1,665				(1,825	)
Unrealized gains (losses)			(1,150	)			(1,052	)			1,665				(1,825	)
Tax (expense) benefit			287				262				(415	)			455
Net			(863	)			(790	)			1,250				(1,370	)
Other comprehensive income (loss) changes		$	2,123,511			$	(517,129	)		$	5,121,123			$	(1,412,227	)

(1) Fixed maturity securities available for sale

The following table presents the accumulated balances of other comprehensive income (loss) as of June 30, 2025:

Schedule of Accumulated Balances of Other Comprehensive Income 

		Beginning Balance December 31, 2024				Change for the period				Ending Balance June 30, 2025
Unrealized gains (losses) on fixed maturity securities available for sale		$	(6,941,915	)		$	5,120,273			$	(1,821,642	)
Unrealized losses on restricted assets (1)			(4,126	)			(400	)			(4,526	)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)			(5,225	)			1,250				(3,975	)
Other comprehensive income (loss)		$	(6,951,266	)		$	5,121,123			$	(1,830,143	)

(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

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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X

- References

No definition available.

+ Details

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