Note 6 - Reinsurance

12 Months Ended

Dec. 31, 2024

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, 2024 and 2023 and for the years ended December 31, 2024 and 2023 is listed in the following table.

	December 31, 2024			December 31, 2023
Balance Sheet
Benefits and claim reserves ceded	$	90,350		$	103,944
Amounts due (to) from ceding company		(5,898	)		69,004
Benefits and claim reserves assumed		47,689,189			50,673,773

	Years ended
	December 31, 2024		December 31, 2023
Statements of Comprehensive Loss
Ceded premium	$	1,546,612	$	1,400,079
Assumed premium		4,956,205		4,543,477
Allowances on ceded premium		122,809		36,985
Allowances paid on assumed premium		595,156		514,036
Assumed benefits and policyholder reserve increases		5,516,908		5,234,519

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.