Note 2 - Investments (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

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

	June 30, 2022
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:	(unaudited)
Fixed maturities:
US Treasury securities	$	303,451	$	55,858	$	-		$	359,309
Corporate bonds		19,563,739		11,855		(2,344,887	)		17,230,707
Municipal bonds		5,911,439		36,258		(386,509	)		5,561,188
Redeemable preferred stock		4,044,005		-		(495,473	)		3,548,532
Mortgage backed and asset backed securities		6,065,767		1,373		(568,668	)		5,498,472
Total available for sale	$	35,888,401	$	105,344	$	(3,795,537	)	$	32,198,208

	December 31, 2021
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
Available for sale:
Fixed maturities:
US Treasury securities	$	303,195	$	144,570	$	-		$	447,765
Corporate bonds		19,397,461		2,101,518		(177,700	)		21,321,279
Municipal bonds		6,306,387		671,263		(14,292	)		6,963,358
Redeemable preferred stock		3,612,625		29,995		(21,094	)		3,621,526
Mortgage backed and asset backed securities		5,636,371		22,617		(70,259	)		5,588,729
Total available for sale	$	35,256,039	$	2,969,963	$	(283,345	)	$	37,942,657

Investments Classified by Contractual Maturity Date [Table Text Block]

	As of June 30, 2022				As of December 31, 2021
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Amounts maturing in:	(unaudited)
One year or less	$	408,288	$	413,641	$	-	$	-
After one year through five years		1,767,797		1,730,772		1,987,421		2,087,132
After five years through ten years		2,434,768		2,401,025		2,540,089		2,865,020
More than 10 years		21,167,776		18,605,766		21,479,533		23,780,250
Redeemable preferred stocks		4,044,005		3,548,532		3,612,625		3,621,526
Mortgage backed and asset backed securities		6,065,767		5,498,472		5,636,371		5,588,729
Total amortized cost and fair value	$	35,888,401	$	32,198,208	$	35,256,039	$	37,942,657

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

	Six Months Ended June 30,
	(unaudited)
	2022			2021
Gross gains	$	3,164		$	216,011
Gross losses		(2,541	)		(398	)
Realized gains	$	623		$	215,613

	Three Months Ended June 30,
	(unaudited)
	2022		2021
Gross gains	$	1,264	$	163,220
Gross losses		-		(3	)
Net security losses	$	1,264	$	163,217

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
June 30, 2022
Available for sale:	(unaudited)
Fixed maturities:
Corporate bonds	$	13,035,236	$	(1,427,669	)	$	2,833,974	$	(917,218	)	$	15,869,210	$	(2,344,887	)
Municipal bonds		4,072,408		(374,802	)		96,376		(11,707	)		4,168,784		(386,509	)
Redeemable preferred stock		3,548,532		(495,473	)		-		-			3,548,532		(495,473	)
Mortgage backed and asset backed securities		4,395,703		(442,709	)		830,312		(125,959	)		5,226,015		(568,668	)
Total fixed maturities	$	25,051,879	$	(2,740,653	)	$	3,760,662	$	(1,054,884	)	$	28,812,541	$	(3,795,537	)

	Less than 12 months					Greater than 12 months				Total
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Loss			Value		Loss		Value		Loss
December 31, 2021
Available for sale:
Fixed maturities:
Corporate bonds	$	4,496,456	$	(177,700	)	$	-	$	-	$	4,496,456	$	(177,700	)
Municipal bonds		927,122		(14,292	)		-		-		927,122		(14,292	)
Redeemable preferred stock		1,394,650		(21,094	)		-		-		1,394,650		(21,094	)
Mortgage backed and asset backed securities		4,386,306		(70,259	)		-		-		4,386,306		(70,259	)
Total fixed maturities	$	11,204,534	$	(283,345	)	$	-	$	-	$	11,204,534	$	(283,345	)

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

	June 30, 2022		December 31, 2021
Commercial mortgage loans by property type	(unaudited)
Condominium	$	1,547,202	$	1,960,547
Multi-property		1,179,501		1,157,950
Multi-family		336,573		534,645
Retail		1,000,000		-
Total commercial mortgages	$	4,063,276	$	3,653,142

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

	June 30, 2022		December 31, 2021
Loan to value ratio	(unaudited)
Over 60 to 70%	$	2,547,202	$	1,960,547
Over 40 to 50%		336,573		339,335
Over 30 to 40%		-		195,310
Over 10 to 20%		1,179,501		1,157,950
Total	$	4,063,276	$	3,653,142

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

	June 30, 2022		December 31, 2021
Maturity Date	(unaudited)
One year or less	$	1,547,202	$	2,155,857
After one year through five years		2,516,074		1,497,285
Total	$	4,063,276	$	3,653,142

Investment Income [Table Text Block]

	Six Months Ended June 30,
	2022			2021
	(unaudited)
Fixed maturities	$	559,262		$	553,641
Mortgages		116,350			189,259
Equity securities		312,498			302,641
Funds withheld		1,621,509			1,649,276
Cash and cash equivalents		5,471			868
		2,615,090			2,695,685
Less investment expenses		(44,403	)		(64,113	)
	$	2,570,687		$	2,631,572

	Three Months Ended June 30,
	2022			2021
	(unaudited)
Fixed maturities	$	283,929		$	276,152
Mortgages		88,959		$	116,342
Equity securities		157,824			154,710
Funds withheld		921,201			821,279
Cash and cash equivalents		5,011			560
		1,456,924			1,369,043
Less investment expenses		(37,859	)		(36,463	)
	$	1,419,065		$	1,332,580