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Fair Value of Financial Instruments and Real Estate | 3 Months Ended
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Mar. 31, 2024
Fair Value of Financial Instruments and Real Estate |
Fair Value of Financial Instruments and Real Estate | Note 5 - Fair Value of Financial Instruments and Real Estate The estimated fair values of the Company’s financial instruments and real estate, including their fair value level as of March 31, 2024 and December 31, 2023 are as follows:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Fixed-maturity securities held-to- maturity, Level 1 |  | $ | 7,051,252 |  |  | $ | 6,043,911 |  |  | $ | 7,052,541 |  |  | $ | 6,106,148 |
Fixed-maturity securities available-for-sale, Level 1 |  | $ | 110,398,994 |  |  | $ | 104,350,834 |  |  | $ | 111,909,412 |  |  | $ | 91,046,936 |
Fixed-maturity securities available-for-sale, Level 2 |  | $ | 66,945,701 |  |  | $ | 56,896,236 |  |  | $ | 67,513,136 |  |  | $ | 57,873,861 |
Cash and cash equivalents, Level 1 |  | $ | 3,199,300 |  |  | $ | 3,199,300 |  |  | $ | 8,976,998 |  |  | $ | 8,976,998 |
Premiums receivable, net, Level 1 |  | $ | 13,902,797 |  |  | $ | 13,902,797 |  |  | $ | 13,604,808 |  |  | $ | 13,604,808 |
Reinsurance receivables, net, Level 3 |  | $ | 70,723,937 |  |  | $ | 70,723,937 |  |  | $ | 75,593,912 |  |  | $ | 75,593,912 |
Real estate, net of accumulated depreciation, Level 3 |  | $ | 1,978,542 |  |  | $ | 3,540,000 |  |  | $ | 1,992,529 |  |  | $ | 3,540,000 |
Reinsurance balances payable, Level 3 |  | $ | 19,392,748 |  |  | $ | 19,392,748 |  |  | $ | 12,837,140 |  |  | $ | 12,837,140 |

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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- References No definition available. + Details
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