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Investments (Tables) | 9 Months Ended
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Sep. 30, 2022
Investments |
Schedule Of Available For Sale Fixed Maturity Securities |
|  | September 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government corporations and agencies |  | $ | 9,946,032 |  |  | $ | 930 |  |  | $ | (123 | ) |  | $ | - |  |  | $ | 9,946,839 |  |  | $ | 807 |
Political subdivisions of States, Territories and Possessions |  |  | 17,117,473 |  |  |  | - |  |  |  | (3,250,196 | ) |  |  | (590,936 | ) |  |  | 13,276,341 |  |  |  | (3,841,132 | )
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 84,163,055 |  |  |  | - |  |  |  | (9,154,182 | ) |  |  | (269,694 | ) |  |  | 74,739,179 |  |  |  | (9,423,876 | )
Residential mortgage and other asset backed securities (1) |  |  | 54,307,907 |  |  |  | 68,159 |  |  |  | (4,333,707 | ) |  |  | (2,699,011 | ) |  |  | 47,343,348 |  |  |  | (6,964,559 | )
Total fixed-maturity securities |  | $ | 165,534,467 |  |  | $ | 69,089 |  |  | $ | (16,738,208 | ) |  | $ | (3,559,641 | ) |  | $ | 145,305,707 |  |  | $ | (20,228,760 | )
|  | December 31, 2021 |
|  | Cost or |  |  | Gross |  |  | Gross Unrealized Losses |  |  |  |  |  | Net |
|  | Amortized |  |  | Unrealized |  |  | Less than 12 |  |  | More than 12 |  |  | Estimated Fair |  |  | Unrealized 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 |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
Remaining Time to Maturity |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Less than one year |  | $ | 14,852,441 |  |  | $ | 14,824,136 |  |  | $ | 1,153,099 |  |  | $ | 1,156,636 |
One to five years |  |  | 44,959,185 |  |  |  | 42,305,309 |  |  |  | 43,007,110 |  |  |  | 44,914,759 |
Five to ten years |  |  | 30,271,976 |  |  |  | 24,680,308 |  |  |  | 26,808,853 |  |  |  | 27,332,581 |
More than 10 years |  |  | 21,142,958 |  |  |  | 16,152,606 |  |  |  | 26,802,457 |  |  |  | 26,892,792 |
Residential mortgage and other asset backed securities |  |  | 54,307,907 |  |  |  | 47,343,348 |  |  |  | 58,036,959 |  |  |  | 57,783,342 |
Total |  | $ | 165,534,467 |  |  | $ | 145,305,707 |  |  | $ | 155,808,478 |  |  | $ | 158,080,110 |
Schedule Of Equity Securities |
|  | September 30, 2022 |
|  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
Category |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |
Preferred stocks |  | $ | 16,047,207 |  |  | $ | - |  |  | $ | (3,488,481 | ) |  | $ | 12,558,726 |
Common stocks, mutual funds, and exchange traded funds |  |  | 10,728,809 |  |  |  | 103,902 |  |  |  | (1,922,991 | ) |  |  | 8,909,720 |
Total |  | $ | 26,776,016 |  |  | $ | 103,902 |  |  | $ | (5,411,472 | ) |  | $ | 21,468,446 |
|  | 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 |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  |  |  |  | Gross |  |  | Estimated |  |  |  |  |  | Gross |  |  | Estimated |
Category |  | Cost |  |  | Gains |  |  | Fair Value |  |  | Cost |  |  | Gains |  |  | Fair Value |
Other Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge fund |  | $ | 1,987,040 |  |  | $ | 589,232 |  |  | $ | 2,576,272 |  |  | $ | 3,999,381 |  |  | $ | 3,562,034 |  |  | $ | 7,561,415 |
Schedule Of Held To Maturity Securities |
|  | September 30, 2022 |
|  | Cost or |  |  | Gross |  |  | Gross Unrealized Losses |  |  | Estimated |  |  | Net |
|  | Amortized |  |  | Unrealized |  |  | Less than 12 |  |  | More than 12 |  |  | Fair |  |  | Unrealized Gains/ |
Category |  | Cost |  |  | Gains |  |  | Months |  |  | Months |  |  | Value |  |  | (Losses) |
Held-to-Maturity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 1,228,485 |  |  | $ | 73,468 |  |  | $ | (36,802 | ) |  | $ | - |  |  | $ | 1,265,151 |  |  | $ | 36,666 |
Political subdivisions of States, Territories and Possessions |  |  | 498,508 |  |  |  | - |  |  |  | (1,498 | ) |  |  | - |  |  |  | 497,010 |  |  |  | (1,498 | )
Exchange traded debt |  |  | 304,111 |  |  |  | - |  |  |  | (43,361 | ) |  |  | - |  |  |  | 260,750 |  |  |  | (43,361 | )
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 5,736,079 |  |  |  | 35,503 |  |  |  | (1,182,635 | ) |  |  | - |  |  |  | 4,588,947 |  |  |  | (1,147,132 | )
Total |  | $ | 7,767,183 |  |  | $ | 108,971 |  |  | $ | (1,264,296 | ) |  | $ | - |  |  | $ | 6,611,858 |  |  | $ | (1,155,325 | )
|  | December 31, 2021 |
|  | Cost or |  |  | Gross |  |  | Gross Unrealized Losses |  |  | Estimated |  |  | Net |
|  | Amortized |  |  | Unrealized |  |  | Less than 12 |  |  | More than 12 |  |  | Fair |  |  | Unrealized 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 |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
Remaining Time to Maturity |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Less than one year |  | $ | 708,325 |  |  | $ | 742,533 |  |  | $ | 994,712 |  |  | $ | 1,008,180 |
One to five years |  |  | 1,120,315 |  |  |  | 1,082,015 |  |  |  | 1,205,829 |  |  |  | 1,290,465 |
Five to ten years |  |  | 1,399,725 |  |  |  | 1,177,545 |  |  |  | 1,513,942 |  |  |  | 1,648,808 |
More than 10 years |  |  | 4,538,818 |  |  |  | 3,609,765 |  |  |  | 4,551,851 |  |  |  | 4,805,706 |
Total |  | $ | 7,767,183 |  |  | $ | 6,611,858 |  |  | $ | 8,266,334 |  |  | $ | 8,753,159 |
Schedule Of Investment Income |
|  | Three months ended |  |  | Nine months ended |
|  | September 30 |  |  | September 30 |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Income: |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 1,243,177 |  |  | $ | 1,288,277 |  |  | $ | 2,841,307 |  |  | $ | 4,238,746 |
Equity securities |  |  | 247,275 |  |  |  | 436,833 |  |  |  | 872,005 |  |  |  | 1,145,244 |
Cash and cash equivalents |  |  | 26,630 |  |  |  | 9,636 |  |  |  | 29,796 |  |  |  | 11,194 |
Other investments |  |  | - |  |  |  | 42,908 |  |  |  | - |  |  |  | - |
Total |  |  | 1,517,082 |  |  |  | 1,777,654 |  |  |  | 3,743,108 |  |  |  | 5,395,184 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment expenses |  |  | 89,811 |  |  |  | 101,058 |  |  |  | 322,412 |  |  |  | 257,317 |
Net investment income |  | $ | 1,427,271 |  |  | $ | 1,676,596 |  |  | $ | 3,420,696 |  |  | $ | 5,137,867 |
Schedule Of Securities With Realized Gains And Losses On Investments |
|  | Three months ended |  |  | Nine months ended |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Realized Gains (Losses) |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |
Gross realized gains |  | $ | 364 |  |  | $ | 343,773 |  |  | $ | 102,774 |  |  | $ | 1,121,068 |
Gross realized losses |  |  | (4,620 | ) |  |  | (8,103 | ) |  |  | (158,701 | ) |  |  | (49,601 | )
|  |  | (4,256 | ) |  |  | 335,670 |  |  |  | (55,927 | ) |  |  | 1,071,467 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross realized gains |  |  | 907,089 |  |  |  | 639,626 |  |  |  | 1,384,432 |  |  |  | 2,015,574 |
Gross realized losses |  |  | (92,159 | ) |  |  | (26,031 | ) |  |  | (728,732 | ) |  |  | (293,519 | )
|  |  | 814,930 |  |  |  | 613,595 |  |  |  | 655,700 |  |  |  | 1,722,055 |
Other Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross realized gains |  |  | 589,233 |  |  |  | 83,798 |  |  |  | 589,233 |  |  |  | 83,798 |
Gross realized losses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 589,233 |  |  |  | 83,798 |  |  |  | 589,233 |  |  |  | 83,798 |
Net realized gains |  |  | 1,399,907 |  |  |  | 1,033,063 |  |  |  | 1,189,006 |  |  |  | 2,877,320 |
Unrealized (Losses) Gains |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross gains |  |  | - |  |  |  | (1,331,675 | ) |  |  | - |  |  |  | 592,397 |
Gross losses |  |  | (1,132,596 | ) |  |  |  |  |  |  | (7,549,640 | ) |  |  | - |
|  |  | (1,132,596 | ) |  |  | (1,331,675 | ) |  |  | (7,549,640 | ) |  |  | 592,397 |
Other Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross gains |  |  | - |  |  |  | 503,146 |  |  |  | - |  |  |  | 2,010,485 |
Gross losses |  |  | (664,969 | ) |  |  | - |  |  |  | (2,952,802 | ) |  |  | - |
|  |  | (664,969 | ) |  |  | 503,146 |  |  |  | (2,952,802 | ) |  |  | 2,010,485 |
Net unrealized (losses) gains |  |  | (1,797,565 | ) |  |  | (828,529 | ) |  |  | (10,502,442 | ) |  |  | 2,602,882 |
Net (losses) gains on investments |  | $ | (397,658 | ) |  | $ | 204,534 |  |  | $ | (9,313,436 | ) |  | $ | 5,480,202 |
Schedule Of Securities With Unrealized Losses |
|  | September 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 |  | $ | 5,975,160 |  |  | $ | (123 | ) |  |  | 1 |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | 5,975,160 |  |  | $ | (123 | )
Political subdivisions of States, Territories and Possessions |  |  | 11,461,126 |  |  |  | (3,250,196 | ) |  |  | 12 |  |  |  | 1,815,216 |  |  |  | (590,936 | ) |  |  | 2 |  |  |  | 13,276,342 |  |  |  | (3,841,132 | )
Corporate and other bonds industrial and miscellaneous |  |  | 73,921,209 |  |  |  | (9,154,182 | ) |  |  | 93 |  |  |  | 817,970 |  |  |  | (269,694 | ) |  |  | 1 |  |  |  | 74,739,179 |  |  |  | (9,423,876 | )
Residential mortgage and other asset backed securities |  |  | 27,985,270 |  |  |  | (4,333,707 | ) |  |  | 31 |  |  |  | 18,593,599 |  |  |  | (2,699,011 | ) |  |  | 15 |  |  |  | 46,578,869 |  |  |  | (7,032,718 | )
Total fixed-maturity securities |  | $ | 119,342,765 |  |  | $ | (16,738,208 | ) |  |  | 137 |  |  | $ | 21,226,785 |  |  | $ | (3,559,641 | ) |  |  | 18 |  |  | $ | 140,569,550 |  |  | $ | (20,297,849 | )
|  | 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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