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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets    
Available for sale fixed maturity securities (amortized cost: $83,785,307 and $78,653,792, net of allowances for credit losses of $0 and $0, as of December 31, 2024 and December 31, 2023, respectively) $ 79,578,179 $ 74,509,520
Equity securities, at fair value 3,876,085 3,585,885
Limited partnership interests 428,170 389,827
Mortgage loans on real estate (net of allowance for credit losses of $55,685 and $21,644 as of December 31, 2024 and December 31, 2023, respectively) 25,192,749 19,617,253
Other invested assets 1,109,606 2,239,683
Policy loans 31,745 26,132
Real estate, net of depreciation 1,652,553 1,686,668
Total investments 111,869,087 102,054,968
Cash and cash equivalents 6,903,783 8,982,138
Investment income due and accrued 954,324 1,878,620
Reinsurance related assets 522,142 1,039,274
Deferred acquisition costs, net 3,908,636 4,751,497
Value of business acquired, net 2,333,553 2,425,973
Property, equipment and software, net 136,353 138,256
Goodwill 277,542 277,542
Federal and state income tax receivable 182,349 146,831
Deferred tax asset, net of valuation allowance 3,747,111 3,888,907
Other assets 459,102 500,630
Total assets 131,293,982 126,084,636
Liabilities:    
Deposit-type contracts 77,940,378 78,063,888
Policyholder benefit reserves 39,898,138 34,233,185
Dividend accumulation 100,885 114,842
Advance premiums 248,749 151,711
Total policy liabilities 118,188,150 112,563,626
Accounts payable and accrued expenses 1,133,521 2,053,363
Federal Home Loan Bank advance (1,250,000) (1,000,000)
Other liabilities 91,893 136,570
Total liabilities 120,663,564 115,753,559
Shareholders' Equity:    
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7.748,922 and 7,748,922 shares as of December 31, 2024 and December 31, 2023 774,893 774,893
Additional paid-in capital 22,966,657 22,964,490
Accumulated deficit (10,020,956) (10,491,934)
Accumulated other comprehensive loss (3,090,176) (2,916,372)
Total shareholders' equity 10,630,418 10,331,077
Total liabilities and shareholders' equity $ 131,293,982 $ 126,084,636