Note 6 - Reinsurance

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Reinsurance [Text Block]

Note 6. Reinsurance

A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of December 31, 2022 and 2021 and for the years ended December 31, 2022 and 2021 is listed in the following table.

	December 31, 2022		December 31, 2021
Balance Sheet
Benefits and claim reserves ceded	$	87,411	$	86,777
Amounts due (to) from ceding company		39,817		(235,629	)
Benefits and claim reserves assumed		53,519,377		53,774,832

	Years ended
Statements of Comprehensive Loss	December 31, 2022		December 31, 2021
Ceded premium	$	1,214,932	$	1,075,837
Assumed premium		4,400,339		4,301,496
Allowances on ceded premium		22,936		23,649
Allowances paid on assumed premium		515,429		554,388
Assumed benefits and policyholder reserve increases		5,566,574		5,291,774

The company currently reinsures business in excess of its retention with General Re Life Corporation, Reliance Standard Life Insurance Company, Unified Life Insurance Company, Hartford Life and Accident Company, and Optimum Re Insurance Company. The Company also currently assumes business under agreements with Unified Life Insurance Company and American Life and Security Corporation.