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Investments (Tables)

3 Months Ended

Mar. 31, 2022

Investments

Schedule Of Available For Sale Fixed Maturity Securities Contractual Maturity

		March 31, 2022
		Cost or				Gross				Gross Unrealized Losses								Estimated				Net
		Amortized				Unrealized				Less than 12				More than 12				Fair				Unrealized
Category		Cost				Gains				Months				Months				Value				Losses
Fixed-Maturity Securities:
Political subdivisions of States,
Territories and Possessions		$	17,227,562			$	5,692			$	(1,614,463	)		$	-			$	15,618,791			$	(1,608,771	)
Corporate and other bonds
Industrial and miscellaneous			85,566,044				336,272				(3,143,378	)			-				82,758,938				(2,807,106	)
Residential mortgage and other asset backed securities			56,656,711				289,836				(3,119,931	)			(306,849	)			53,519,767				(3,136,944	)
Total fixed-maturity securities		$	159,450,317			$	631,800			$	(7,877,772	)		$	(306,849	)		$	151,897,496			$	(7,552,821	)
		December 31, 2021
																						Net
		Cost or				Gross				Gross Unrealized Losses								Estimated				Unrealized
		Amortized				Unrealized				Less than 12				More than 12				Fair				Gains/
Category		Cost				Gains				Months				Months				Value				(Losses)
Fixed-Maturity Securities:
Political subdivisions of States,
Territories and Possessions		$	17,236,750			$	246,748			$	(197,984	)		$	-			$	17,285,514			$	48,764
Corporate and other bonds
Industrial and miscellaneous			80,534,769				2,603,411				(126,926	)			-				83,011,254				2,476,485
Residential mortgage and other asset backed securities			58,036,959				355,985				(489,258	)			(120,344	)			57,783,342				(253,617	)
Total fixed-maturity securities		$	155,808,478			$	3,206,144			$	(814,168	)		$	(120,344	)		$	158,080,110			$	2,271,632

Schedule Of Available For Sale Securities

A summary of the amortized cost and estimated fair value of the Company’s investments in available-for-sale fixed-maturity securities by contractual maturity as of March 31, 2022 and December 31, 2021 is shown below:

		March 31, 2022								December 31, 2021
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value
Less than one year		$	496,511			$	503,090			$	1,153,099			$	1,156,636
One to five years			46,504,448				46,284,000				43,007,110				44,914,759
Five to ten years			29,499,983				27,743,070				26,808,853				27,332,581
More than 10 years			26,292,664				23,847,569				26,802,457				26,892,792
Residential mortgage and other asset backed securities			56,656,711				53,519,767				58,036,959				57,783,342
Total		$	159,450,317			$	151,897,496			$	155,808,478			$	158,080,110

Schedule Of Equity Securities

		March 31, 2022
						Gross				Gross				Estimated
Category		Cost				Gains				Losses				Fair Value
Equity Securities:
Preferred stocks		$	19,944,128			$	333,811			$	(1,793,476	)		$	18,484,463
Common stocks, mutual funds, and exchange traded funds			13,145,504				837,696				(702,254	)			13,280,946
Total		$	33,089,632			$	1,171,507			$	(2,495,730	)		$	31,765,409
		December 31, 2021
						Gross				Gross				Estimated
Category		Cost				Gains				Losses				Fair Value
Equity Securities:
Preferred stocks		$	22,019,509			$	1,007,009			$	(184,617	)		$	22,841,901
Common stocks, mutual funds, and exchange traded funds			15,451,160				1,573,653				(179,712	)			16,845,101
Total		$	37,470,669			$	2,580,662			$	(364,329	)		$	39,687,002

Schedule Of Other Investments

		March 31, 2022												December 31, 2021
						Gross				Estimated								Gross				Estimated
Category		Cost				Gains				Fair Value				Cost				Gains				Fair Value
Other Investments:
Hedge fund		$	3,999,381			$	2,626,502			$	6,625,883			$	3,999,381			$	3,562,034			$	7,561,415

Schedule Of Held To Maturity Securities

		March 31, 2022
																						Net
		Cost or				Gross				Gross Unrealized Losses								Estimated				Unrealized
		Amortized				Unrealized				Less than 12				More than 12				Fair				Gains/
Category		Cost				Gains				Months				Months				Value				(Losses)
Held-to-Maturity Securities:
U.S. Treasury securities		$	729,654			$	202,788			$	(1,177	)		$	-			$	931,265			$	201,611
Political subdivisions of States,
Territories and Possessions			498,249				8,421				-				-				506,670				8,421
Exchange traded debt			304,111				-				(21,611	)							282,500				(21,611	)
Corporate and other bonds
Industrial and miscellaneous			6,233,124				56,601				(380,860	)			-				5,908,865				(324,259	)
Total		$	7,765,138			$	267,810			$	(403,648	)		$	-			$	7,629,300			$	(135,838	)
		December 31, 2021
																						Net
		Cost or				Gross				Gross Unrealized Losses								Estimated				Unrealized
		Amortized				Unrealized				Less than 12				More than 12				Fair				Gains/
Category		Cost				Gains				Months				Months				Value				(Losses)
Held-to-Maturity Securities:
U.S. Treasury securities		$	729,642			$	209,633			$	-			$	-			$	939,275			$	209,633
Political subdivisions of States,
Territories and Possessions			998,239				22,856				-				-				1,021,095				22,856
Exchange traded debt			304,111				85				(13,921	)							290,275				(13,836	)
Corporate and other bonds
Industrial and miscellaneous			6,234,342				280,951				(12,779	)			-				6,502,514				268,172
Total		$	8,266,334			$	513,525			$	(26,700	)		$	-			$	8,753,159			$	486,825

Schedule Of Held To Maturity Securities By Contractual Maturity

		March 31, 2022								December 31, 2021
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value
Less than one year		$	494,595			$	501,795			$	994,712			$	1,008,180
One to five years			1,206,159				1,262,780				1,205,829				1,290,465
Five to ten years			1,516,810				1,494,773				1,513,942				1,648,808
More than 10 years			4,547,574				4,369,952				4,551,851				4,805,706
Total		$	7,765,138			$	7,629,300			$	8,266,334			$	8,753,159

Schedule Of Investment Income

		Three months ended
		March 31,
		2022				2021
Income:
Fixed-maturity securities		$	1,140,189			$	1,491,127
Equity securities			345,168				357,311
Cash and cash equivalents			183				924
Total			1,485,540				1,849,362
Expenses:
Investment expenses			126,440				66,166
Net investment income		$	1,359,100			$	1,783,196

Schedule Of Securities With Realized Gains And Losses On Investments

		Three months ended
		March 31,
		2022				2021
Realized Gains (Losses)
Fixed-maturity securities:
Gross realized gains		$	85,100			$	410,311
Gross realized losses			(126,424	)			(15,986	)
			(41,324	)			394,325
Equity securities:
Gross realized gains			448,306				933,122
Gross realized losses			(329,221	)			(200,213	)
			119,085				732,909
Net realized gains			77,761				1,127,234
Unrealized (Losses) Gains
Equity Securities:
Gross gains			-				1,003,209
Gross losses			(3,560,634	)			-
			(3,560,634	)			1,003,209
Other Investments:
Gross gains			-				829,964
Gross losses			(915,532	)			-
			(915,532	)			829,964
Net unrealized (losses) gains			(4,476,166	)			1,833,173
Net (losses) gains on investments		$	(4,398,405	)		$	2,960,407

Schedule Of Securities With Unrealized Losses

		March 31, 2022
		Less than 12 months												12 months or more												Total
		Estimated								No. of				Estimated								No. of				Estimated
		Fair				Unrealized				Positions				Fair				Unrealized				Positions				Fair				Unrealized
Category		Value				Losses				Held				Value				Losses				Held				Value				Losses
Fixed-Maturity Securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies		$	-			$	-				-			$	-				-				-			$	-			$	-
Political subdivisions of States, Territories and Possessions			14,959,121				(1,614,463	)			12				-				-				-				14,959,121				(1,614,463	)
Corporate and other bonds industrial and miscellaneous			51,973,548				(3,143,378	)			55				-				-				-				51,973,548				(3,143,378	)
Residential mortgage and other asset backed securities			40,310,519				(3,119,931	)			31				2,733,402				(306,849	)			2				43,043,921				(3,426,780	)
Total fixed-maturity securities		$	107,243,188			$	(7,877,772	)			98			$	2,733,402			$	(306,849	)			2			$	109,976,590			$	(8,184,621	)

		December 31, 2021
		Less than 12 months												12 months or more												Total
		Estimated								No. of				Estimated								No. of				Estimated
		Fair				Unrealized				Positions				Fair				Unrealized				Positions				Fair				Unrealized
Category		Value				Losses				Held				Value				Losses				Held				Value				Losses
Fixed-Maturity Securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies		$	-			$	-				-			$	-				-				-			$	-			$	-
Political subdivisions of States, Territories and Possessions			6,768,123				(197,984	)			5				-				-				-				6,768,123				(197,984	)
Corporate and other bonds industrial and miscellaneous			17,593,707				(126,926	)			15				-				-				-				17,593,707				(126,926	)
Residential mortgage and other asset backed securities			45,399,451				(489,258	)			26				2,923,182				(120,344	)			2				48,322,633				(609,602	)
Total fixed-maturity securities		$	69,761,281			$	(814,168	)			46			$	2,923,182			$	(120,344	)			2			$	72,684,463			$	(934,512	)

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