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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income:    
Premium income $ 15,338,053 $ 13,131,574
Net investment income 7,597,762 6,412,669
Net investment gains (losses) 283,423 1,016,561
Other income 553,035 353,254
Total income 23,772,273 20,914,058
Expenses:    
Death claims 3,983,405 3,432,119
Policyholder benefits 6,883,283 6,342,303
Increase in policyholder reserves 5,566,210 4,589,538
Commissions, net of deferrals 947,548 837,560
Amortization of deferred acquisition costs 1,440,520 1,407,503
Amortization of value of business acquired 92,420 92,420
Salaries & benefits 1,701,745 1,627,644
Other operating expenses 2,624,371 1,959,242
Total expense 23,239,502 20,288,329
Net income before tax 532,771 625,729
Current federal income tax expense (25,646) 0
Deferred federal income tax (expense) benefit (36,147) 852,347
Total federal income tax (expense) benefit (61,793) 852,347
Net Income $ 470,978 $ 1,478,076
Net income per common share, basic and diluted (in dollars per share) $ 0.06 $ 0.19
Unrealized net holding (losses) gains arising during the period, net of tax $ (213,036) $ 924,225
Reclassification adjustment for losses included in net income 39,232 523
Other comprehensive (loss) income (173,804) 924,748
Comprehensive income $ 297,174 $ 2,402,824