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Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Premium income $ 3,341,325 $ 3,362,256
Net investment income 1,505,610 1,151,622
Net investment gains (losses) 347,102 (732,653)
Other income 83,788 79,565
Total income 5,277,825 3,860,790
Expenses:    
Death claims 941,702 797,288
Policyholder benefits 1,564,035 1,659,985
Increase in policyholder reserves 1,047,878 1,196,350
Commissions, net of deferrals 171,731 190,334
Amortization of deferred acquisition costs 367,122 275,698
Amortization of value of business acquired 23,105 23,105
Salaries & benefits 363,288 324,059
Other operating expenses 523,513 541,402
Total expense 5,002,374 5,008,221
Net income (loss) $ 275,451 $ (1,147,431)
Net income (loss) per common share, basic and diluted (in dollars per share) $ 0.04 $ (0.15)
Unrealized net holding gains (losses) arising during the period, net of tax $ 832,285 $ (3,218,556)
Reclassification adjustment for losses included in net income (loss) 523 495
Other comprehensive income (loss) 832,808 (3,218,061)
Comprehensive income (loss) $ 1,108,259 $ (4,365,492)