Note 5 - Investments

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

5. INVESTMENTS

In September 2021, the Company liquidated its entire investment in fixed income securities and equity securities to fund its commitment under the C&F Commutation Agreement (as defined below). Information on sales and maturity of investments and net unrealized gains (losses) on equity investments during the three months ended March 31, 2022 and 2021 are as follows:

	March 31, 2022		March 31, 2021
Total proceeds on sales of available-for-sale securities	$	—	$	—
Proceeds from redemptions of fixed maturity investments		—		600,000
Total proceeds from maturities of fixed maturity investments		—		990,000
Gross gains on sales		—		—
Gross losses on sales		—		—
Net unrealized gains on equity investments		—		30,558
Total	$	—	$	30,558

Net Investment Income

Major categories of net investment income during the three months ended March 31, 2022 and 2021 are summarized as follows:

	March 31, 2022		March 31, 2021
Interest earned:
Fixed maturity investments	$	—	$	85,038
Short term investments and cash and cash equivalents		31		889
Dividends earned		—		(219	)
Investment expenses		—		(14,719	)
Net investment income	$	31	$	70,989