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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Premium income $ 11,792,063 $ 10,117,110
Net investment income 5,336,048 3,552,261
Net investment gains 142,280 1,967,014
Other income 318,854 635,520
Total income 17,589,245 16,271,905
Expenses:    
Death claims 2,314,682 1,943,563
Policyholder benefits 6,238,032 5,248,470
Increase in policyholder reserves 4,063,488 3,359,609
Commissions, net of deferrals 772,053 781,400
Amortization of deferred acquisition costs 1,210,345 970,386
Amortization of value of business acquired 92,420 20,302
Salaries & benefits 1,350,851 1,219,534
Other operating expenses 1,893,561 2,429,466
Total expense 17,935,432 15,972,730
lncome (loss) before federal income tax (346,187) 299,175
Federal income tax benefit 680,542 140,274
Total federal income tax benefit 680,542 140,274
Net Income $ 334,355 $ 439,449
Net income per common share, basic and diluted (in dollars per share) $ (0.04) $ (0.06)
Unrealized net holding gains (losses) arising during the period, net of tax $ (897,217) $ 2,390,992
Reclassification adjustment for gains included in net loss (145,928) (1,155,612)
Other comprehensive income (loss) (1,043,145) 1,235,380
Comprehensive income (loss) $ (708,790) $ 1,674.829