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