Note 2 - Investments (Tables)

9 Months Ended

Sep. 30, 2021

Notes Tables

Debt Securities, Available-for-sale [Table Text Block]

	September 30, 2021
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
	(unaudited)
Available for sale:
Fixed maturities:
US Treasury securities	$	577,795	$	124,964	$	-		$	702,759
Corporate bonds		19,569,139		2,145,250		(194,441	)		21,519,948
Municipal bonds		6,311,889		669,965		(15,738	)		6,966,116
Redeemable preferred stock		3,071,658		54,358		(1,377	)		3,124,639
Mortgage backed and asset backed securities		5,576,509		37,054		(35,429	)		5,578,134
Total available for sale	$	35,106,990	$	3,031,591	$	(246,985	)	$	37,891,596

	December 31, 2020
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	574,935	$	127,981	$	-		$	702,916
Corporate bonds		20,126,836		2,821,508		(533	)		22,947,811
Municipal bonds		5,992,707		804,443		(496	)		6,796,654
Redeemable preferred stock		2,900,330		90,085		(200	)		2,990,215
Mortgage backed and asset backed securities		4,189,710		50,274		(2	)		4,239,982
Total available for sale	$	33,784,518	$	3,894,291	$	(1,231	)	$	37,677,578

Investments Classified by Contractual Maturity Date [Table Text Block]

	As of September 30, 2021				As of December 31, 2020
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(unaudited)
Amounts maturing in:
One year or less	$	274,728	$	275,215	$	373,590	$	379,823
After one year through five years		1,500,272		1,582,461		1,540,931		1,641,749
After five years through ten years		2,911,714		3,264,721		2,887,066		3,379,930
More than 10 years		21,772,109		24,066,426		21,892,891		25,045,879
Redeemable preferred stocks		3,071,658		3,124,639		2,900,330		2,990,215
Mortgage backed and asset backed securities		5,576,509		5,578,134		4,189,710		4,239,982
Total amortized cost and fair value	$	35,106,990	$	37,891,596	$	33,784,518	$	37,677,578

Realized Gain (Loss) on Investments [Table Text Block]

	Nine Months Ended September 30,
	(unaudited)
	2021			2020
Gross gains	$	218,411		$	119,173
Gross losses		(398	)		(291,524	)
Net realized gains (losses)	$	218,013		$	(172,351	)

	Three Months Ended September 30,
	(unaudited)
	2021		2020
Gross gains	$	2,400	$	54,266
Gross losses		-		(1,739	)
Net realized gains (losses)	$	2,400	$	52,527

Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]

	Less than 12 months					Greater than 12 months				Total
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Loss			Value		Loss		Value		Loss
September 30, 2021
	(unaudited)
Available for sale:
Fixed maturities:
Corporate bonds	$	4,428,031	$	(194,441	)	$	-	$	-	$	4,428,031	$	(194,441	)
Municipal bonds		1,028,561		(15,738	)		-		-		1,028,561		(15,738	)
Redeemable preferred stock		540,975		(1,377	)		-		-		540,975		(1,377	)
Mortgage backed and asset backed securities		3,605,242		(35,429	)		-		-		3,605,242		(35,429	)
Total fixed maturities	$	9,602,808	$	(246,985	)	$	-	$	-	$	9,602,808	$	(246,985	)

	Less than 12 months					Greater than 12 months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
December 31, 2020
Available for sale:
Fixed maturities:
Corporate bonds	$	210,625	$	(2	)	$	49,438	$	(531	)	$	260,063	$	(533	)
Municipal bonds		47,249		(496	)		-		-			47,249		(496	)
Redeemable preferred stock		77,918		(200	)		-		-			77,918		(200	)
Mortgage backed and asset backed securities		309,144		(2	)		-		-			309,144		(2	)
Total fixed maturities	$	644,936	$	(700	)	$	49,438	$	(531	)	$	694,374	$	(1,231	)

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	September 30, 2021		December 31, 2020
	(unaudited)
Commercial mortgage loans by property type
Student housing	$	-	$	781,512
Condominium		2,003,705		1,874,445
Multi-property		1,235,750		332,195
Multi-family		535,977		177,984
Total commercial mortgages	$	3,775,432	$	3,166,136

Schedule of Mortage Loans by Loan-to-Value Ratio [Table Text Block]

	September 30, 2021		December 31, 2020
	(unaudited)
Loan to value ratio
Over 60 to 70%	$	2,003,705	$	1,874,445
Over 40 to 50%		340,667		-
Over 30 to 40%		195,310		177,984
Over 10 to 30%		1,235,750		1,113,707
Total	$	3,775,432	$	3,166,136

Schedule of Mortgage Loans by Maturity Date [Table Text Block]

	September 30, 2021		December 31, 2020
	(unaudited)
Maturity Date
One year or less	$	2,199,015	$	2,393,900
After one year through five years		1,576,417		772,236
Total	$	3,775,432	$	3,166,136

Investment Income [Table Text Block]

	Nine Months Ended September 30,
	2021			2020
	(unaudited)
Fixed maturities	$	834,464		$	889,563
Mortgages		281,718			61,438
Equity securities		453,809			487,777
Funds withheld		2,675,956			962,023
Cash and cash equivalents		1,285			12,240
		4,247,232			2,413,041
Less investment expenses		(104,105	)		(90,872	)
	$	4,143,127		$	2,322,169

	Three Months Ended September 30,
	2021			2020
	(unaudited)
Fixed maturities	$	280,823		$	272,145
Mortgages		92,459			55,587
Equity securities		151,168			198,327
Funds withheld		1,026,680			597,990
Cash and cash equivalents		417			864
		1,551,547			1,124,913
Less investment expenses		(39,992	)		(58,755	)
	$	1,511,555		$	1,066,158