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Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Premium income $ 12,815,238 $ 11,792,063
Net investment income 4,798,199 5,336,048
Net investment gains (losses) (1,925,086) 142,280
Other income 317,502 318,854
Total income 16,005,853 17,589,245
Expenses:    
Death claims 2,994,386 2,314,682
Policyholder benefits 6,553,901 6,238,032
Increase in policyholder reserves 4,207,703 4,063,488
Commissions, net of deferrals 777,162 772,053
Amortization of deferred acquisition costs 1,205,554 1,210,345
Amortization of value of business acquired 92,420 92,420
Salaries & benefits 1,465,259 1,350,851
Other operating expenses 2,014,953 1,893,561
Total expense 19,311,338 17,935,432
Loss before total federal income tax (3,305,485) (346,187)
Federal income tax benefit 149,000 680,542
Total federal income tax benefit 149,000 680,542
Net Income (loss) $ (3,156,485) $ 334,355
Net income (loss) per common share, basic and diluted (in dollars per share) $ (0.41) $ 0.04
Unrealized net holding losses arising during the period, net of tax $ (6,385,127) $ (897,217)
Reclassification adjustment for (gains) losses included in net loss 22,277 (145,928)
Other comprehensive loss (6,362,850) (1,043,145)
Comprehensive loss $ (9,519,335) $ (708,790)