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Investments (Tables) | 6 Months Ended
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Jun. 30, 2022
Investments |
Schedule Of Available For Sale Fixed Maturity Securities |
|  | June 30, 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 |  | $ | 17,218,274 |  |  | $ | - |  |  | $ | (3,020,486 | ) |  | $ | - |  |  | $ | 14,197,788 |  |  | $ | (3,020,486 | )
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 84,235,861 |  |  |  | 9,782 |  |  |  | (6,562,506 | ) |  |  | - |  |  |  | 77,683,137 |  |  |  | (6,552,724 | )
Residential mortgage and other asset |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
backed securities |  |  | 55,228,980 |  |  |  | 114,844 |  |  |  | (5,387,294 | ) |  |  | (339,668 | ) |  |  | 49,616,862 |  |  |  | (5,612,118 | )
Total fixed-maturity securities |  | $ | 156,683,115 |  |  | $ | 124,626 |  |  | $ | (14,970,286 | ) |  | $ | (339,668 | ) |  | $ | 141,497,787 |  |  | $ | (15,185,328 | )
|  | 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 |
|  | June 30, 2022 |  |  | December 31, 2021 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
Remaining Time to Maturity |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Less than one year |  | $ | 1,500,986 |  |  | $ | 1,500,790 |  |  | $ | 1,153,099 |  |  | $ | 1,156,636 |
One to five years |  |  | 46,709,763 |  |  |  | 45,176,361 |  |  |  | 43,007,110 |  |  |  | 44,914,759 |
Five to ten years |  |  | 32,088,366 |  |  |  | 27,928,816 |  |  |  | 26,808,853 |  |  |  | 27,332,581 |
More than 10 years |  |  | 21,155,020 |  |  |  | 17,274,958 |  |  |  | 26,802,457 |  |  |  | 26,892,792 |
Residential mortgage and other asset backed securities |  |  | 55,228,980 |  |  |  | 49,616,862 |  |  |  | 58,036,959 |  |  |  | 57,783,342 |
Total |  | $ | 156,683,115 |  |  | $ | 141,497,787 |  |  | $ | 155,808,478 |  |  | $ | 158,080,110 |
Schedule Of Equity Securities |
|  | June 30, 2022 |
|  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
Category |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |
Preferred stocks |  | $ | 18,430,554 |  |  | $ | 175,745 |  |  | $ | (3,347,910 | ) |  | $ | 15,258,389 |
Common stocks, mutual funds, and exchange traded funds |  |  | 11,808,966 |  |  |  | 392,745 |  |  |  | (1,395,555 | ) |  |  | 10,806,156 |
Total |  | $ | 30,239,520 |  |  | $ | 568,490 |  |  | $ | (4,743,465 | ) |  | $ | 26,064,545 |
|  | 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 |
|  | June 30, 2022 |  |  | December 31, 2021 |
|  |  |  |  | Gross |  |  | Estimated |  |  |  |  |  | Gross |  |  | Estimated |
Category |  | Cost |  |  | Gains |  |  | Fair Value |  |  | Cost |  |  | Gains |  |  | Fair Value |
Other Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge fund |  | $ | 3,999,381 |  |  | $ | 1,254,201 |  |  | $ | 5,253,582 |  |  | $ | 3,999,381 |  |  | $ | 3,562,034 |  |  | $ | 7,561,415 |
Schedule Of Held To Maturity Securities |
|  | June 30, 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 |  | $ | 1,228,410 |  |  | $ | 86,141 |  |  | $ | (10,175 | ) |  | $ | - |  |  | $ | 1,304,376 |  |  | $ | 75,966 |
Political subdivisions of States, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Territories and Possessions |  |  | 498,378 |  |  |  | 4,637 |  |  |  | - |  |  |  | - |  |  |  | 503,015 |  |  |  | 4,637 |
Exchange traded debt |  |  | 304,111 |  |  |  | - |  |  |  | (29,111 | ) |  |  | - |  |  |  | 275,000 |  |  |  | (29,111 | )
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 5,737,319 |  |  |  | 39,429 |  |  |  | (945,603 | ) |  |  | - |  |  |  | 4,831,145 |  |  |  | (906,174 | )
Total |  | $ | 7,768,218 |  |  | $ | 130,207 |  |  | $ | (984,889 | ) |  | $ | - |  |  | $ | 6,913,536 |  |  | $ | (854,682 | )
|  | 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 |
|  | June 30, 2022 |  |  | December 31, 2021 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
Remaining Time to Maturity |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Less than one year |  | $ | 459,032 |  |  | $ | 497,110 |  |  | $ | 994,712 |  |  | $ | 1,008,180 |
One to five years |  |  | 1,246,206 |  |  |  | 1,246,690 |  |  |  | 1,205,829 |  |  |  | 1,290,465 |
Five to ten years |  |  | 1,519,749 |  |  |  | 1,370,950 |  |  |  | 1,513,942 |  |  |  | 1,648,808 |
More than 10 years |  |  | 4,543,231 |  |  |  | 3,798,786 |  |  |  | 4,551,851 |  |  |  | 4,805,706 |
Total |  | $ | 7,768,218 |  |  | $ | 6,913,536 |  |  | $ | 8,266,334 |  |  | $ | 8,753,159 |
Schedule Of Investment Income |
|  | Three months ended |  |  | Six months ended |
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Income: |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 457,941 |  |  | $ | 1,459,342 |  |  | $ | 1,598,130 |  |  | $ | 2,950,469 |
Equity securities |  |  | 279,562 |  |  |  | 351,100 |  |  |  | 624,730 |  |  |  | 708,411 |
Cash and cash equivalents |  |  | 2,983 |  |  |  | 634 |  |  |  | 3,166 |  |  |  | 1,558 |
Other investments |  |  | - |  |  |  | (42,908 | ) |  |  | - |  |  |  | (42,908 | )
Total |  |  | 740,486 |  |  |  | 1,768,168 |  |  |  | 2,226,026 |  |  |  | 3,617,530 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment expenses |  |  | 106,161 |  |  |  | 90,093 |  |  |  | 232,601 |  |  |  | 156,259 |
Net investment income |  | $ | 634,325 |  |  | $ | 1,678,075 |  |  | $ | 1,993,425 |  |  | $ | 3,461,271 |
Schedule Of Securities With Realized Gains And Losses On Investments |
|  | Three months ended |  |  | Six months ended |
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Realized Gains (Losses) |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |
Gross realized gains |  | $ | 17,311 |  |  | $ | 367,756 |  |  | $ | 102,411 |  |  | $ | 777,296 |
Gross realized losses |  |  | (27,666 | ) |  |  | (26,255 | ) |  |  | (154,091 | ) |  |  | (41,499 | )
|  |  | (10,355 | ) |  |  | 341,501 |  |  |  | (51,680 | ) |  |  | 735,797 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross realized gains |  |  | 29,047 |  |  |  | 442,798 |  |  |  | 477,353 |  |  |  | 1,375,948 |
Gross realized losses |  |  | (307,352 | ) |  |  | (67,276 | ) |  |  | (636,573 | ) |  |  | (267,488 | )
|  |  | (278,305 | ) |  |  | 375,522 |  |  |  | (159,220 | ) |  |  | 1,108,460 |
Net realized (losses) gains |  |  | (288,660 | ) |  |  | 717,023 |  |  |  | (210,900 | ) |  |  | 1,844,257 |
Unrealized (Losses) Gains |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross gains |  |  | - |  |  |  | 920,863 |  |  |  | - |  |  |  | 1,924,072 |
Gross losses |  |  | (2,856,412 | ) |  |  | - |  |  |  | (6,417,045 | ) |  |  | - |
|  |  | (2,856,412 | ) |  |  | 920,863 |  |  |  | (6,417,045 | ) |  |  | 1,924,072 |
Other Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross gains |  |  | - |  |  |  | 677,375 |  |  |  | - |  |  |  | 1,507,339 |
Gross losses |  |  | (1,372,301 | ) |  |  | - |  |  |  | (2,287,833 | ) |  |  | - |
|  |  | (1,372,301 | ) |  |  | 677,375 |  |  |  | (2,287,833 | ) |  |  | 1,507,339 |
Net unrealized (losses) gains |  |  | (4,228,713 | ) |  |  | 1,598,238 |  |  |  | (8,704,878 | ) |  |  | 3,431,411 |
Net (losses) gains on investments |  | $ | (4,517,373 | ) |  | $ | 2,315,261 |  |  | $ | (8,915,778 | ) |  | $ | 5,275,668 |
Schedule Of Securities With Unrealized Losses |
|  | June 30, 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 |  |  | 14,197,788 |  |  |  | (3,020,486 | ) |  |  | 14 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,197,788 |  |  |  | (3,020,486 | )
Corporate and other bonds industrial and miscellaneous |  |  | 76,672,772 |  |  |  | (6,562,506 | ) |  |  | 92 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 76,672,772 |  |  |  | (6,562,506 | )
Residential mortgage and other asset backed securities |  |  | 45,843,567 |  |  |  | (5,387,294 | ) |  |  | 37 |  |  |  | 2,724,188 |  |  |  | (339,668 | ) |  |  | 3 |  |  |  | 48,567,755 |  |  |  | (5,726,962 | )
Total fixed-maturity securities |  | $ | 136,714,127 |  |  | $ | (14,970,286 | ) |  |  | 143 |  |  | $ | 2,724,188 |  |  | $ | (339,668 | ) |  |  | 3 |  |  | $ | 139,438,315 |  |  | $ | (15,309,954 | )
|  | 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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