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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net income (loss) $ 1,478,076 $ (3,156,485)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,107 46,133
Net (gains) losses realized on the sale of securities and net credit losses recognized in operations 628,872 108,643
Unrealized (gains) losses on equity securities (1,711,411) 1,638,847
Change in fair value of embedded derivative 65,978 177,596
(Accretion) amortization of investment securities, net (302,156) (55,431)
Deferred acquisition costs capitalized (529,998) (479,681)
Deferred acquisition costs amortized 1,407,503 1,205,554
Value of business acquired amortized 92,420 92,420
Interest credited on deposit type contracts 1,778,460 1,597,392
(Increase) decrease in operating assets:    
Change in funds withheld 0 (656,085)
Investment income due and accrued 207,745 (176,441)
Reinsurance related assets (847,747) 720,784
Deferred tax assets, net of valuation allowance (852,347) (53,817)
Other assets (28,355) 328,735
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 4,597,352 4,207,406
Dividend accumulation (6,845) 3,425
Advance premiums (17,071) 32,553
Other liabilities 275 (144,776)
Accounts payable and accrued expenses 1,457,727 (648,869)
Net cash provided by operating activities 7,441,585 4,787,903
Cash Flows from investing activities:    
Purchase of fixed income investments (12,940,382) (10,865,054)
Purchase of equity investments (627,591) (1,415,492)
Purchase of mortgage investments (6,615,666) (8,295,919)
Purchase of other invested assets (898,961) (156,009)
Proceeds from fixed income sales and repayments 4,995,304 4,962,353
Proceeds from equity sales 4,763,365 1,167,810
Proceeds from mortgage repayments 11,112,833 3,748,177
Proceeds from other invested assets 547,952 0
Transfers from (to) funds withheld 0 967,462
Interest on policy loans 0 683
Increase in policy loans 8,848 137,678
Purchase of property, equipment and software and building improvements (379,815) (56,401)
Net cash provided by (used in) investing activities 1,382,395 (9,804,712)
Cash Flows from financing activities:    
Receipts on deposit-type contracts 4,383,636 5,389,262
Withdrawals on deposit-type contracts (8,326,217) (3,243,267)
Repayment of FHLB advance 0 (1,000,000)
Proceeds received from issuance of common stock, net of costs of issuance 9,232 6,973
Net cash provided by (used in) financing activities (3,933,349) 1,152,968
Net increase (decrease) in cash and cash equivalents 4,890,631 (3,863,841)
Cash and Cash Equivalents:    
Beginning 4,091,507 7,955,348
Ending 8,982,138 4,091,507
Supplemental Disclosure of Non-Cash Information    
Funds withheld assumed deposits on deposit-type contracts 0 639,610
Funds withheld assumed withdrawals on deposit-type contracts 0 (915,520)
Commissions and expense allowances deducted from funds withheld 0 (908,074)
Assets transferred on settlement of funds withheld 0 45,800,032
Investment income due and accrued transferred on settlement of funds withheld 0 1,211,420
Reinsurance related assets transferred on settlement of funds withheld 0 1,049,088
Investment expenses payable transferred on settlement of funds withheld 0 (408,609)
Lewer [Member]    
Cash Flows from investing activities:    
Assumed reinsurance from Lewer 1,416,508 0
Deferred Annuity Deposit-type Contracts [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest credited on deposit type contracts 1,775,438 1,590,654
Cash Flows from financing activities:    
Receipts on deposit-type contracts 4,373,807 5,948,185
Withdrawals on deposit-type contracts (8,293,629) (4,068,636)
Deferred Annuity Deposit-type Contracts [Member] | Lewer [Member]    
Supplemental Disclosure of Non-Cash Information    
Deposit-type contract liabilities assumed from Lewer $ 1,192,659 $ 0