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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income:    
Premium income $ 3,668,083 $ 3,341,325
Net investment income 1,669,957 1,505,610
Net investment gains 140,352 347,102
Other income 145,693 83,788
Total income 5,624,085 5,277,825
Expenses:    
Death claims 1,118,580 941,702
Policyholder benefits 1,835,068 1,564,035
Increase in policyholder reserves 979,669 1,047,878
Commissions, net of deferrals 201,101 171,731
Amortization of deferred acquisition costs 362,810 367,122
Amortization of value of business acquired 23,105 23,105
Salaries & benefits 400,893 363,288
Other operating expenses 688,902 523,513
Total expense 5,610,128 5,002,374
Net income $ 13,957 $ 275,451
Net income per common share, basic and diluted (in dollars per share) $ 0 $ 0.04
Unrealized net holding gains arising during the period, net of tax $ 50,021 $ 832,285
Reclassification adjustment for losses included in net income 22,903 523
Other comprehensive income 72,924 832,808
Comprehensive income $ 86,881 $ 1,108,259