June 30, 2022

December 31, 2021

Carrying Value

Fair Value

Carrying Value

Fair Value

Fixed-maturity securities-held-to maturity, Level 1

$

7,768,218

$

6,913,536

$

8,266,334

$

8,753,159

Cash and cash equivalents, Level 1

$

13,200,128

$

13,200,128

$

24,290,598

$

24,290,598

Premiums receivable, net, Level 3

$

11,994,265

$

11,994,265

$

12,318,336

$

12,318,336

Reinsurance receivables, net, Level 3

$

54,652,171

$

54,652,171

$

40,292,438

$

40,292,438

Real estate, net of accumulated depreciation, Level 3

$

2,107,592

$

3,025,000

$

2,144,464

$

3,025,000

Reinsurance balances payable, Level 3

$

10,877,113

$

10,877,113

$

12,961,568

$

12,961,568