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Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income:    
Premium income $ 4,419,593 $ 3,668,083
Net investment income 1,724,728 1,669,957
Net investment (losses) gains (1,049,673) 140,352
Other income 87,364 145,693
Total income 5,182,012 5,624,085
Expenses:    
Death claims 1,442,245 1,118,580
Policyholder benefits 2,092,539 1,835,068
Increase in policyholder reserves 1,565,550 979,669
Commissions, net of deferrals 248,490 201,101
Amortization of deferred acquisition costs 307,263 362,810
Amortization of value of business acquired 23,105 23,105
Salaries & benefits 381,238 400,893
Other operating expenses 716,360 688,902
Total expense 6,776,790 5,610,128
Net (loss) income before tax (1,594,778) 13,957
Deferred federal income tax benefit 222,833 0
Total federal income tax benefit 222,833 0
Net (loss) income $ (1,371,945) 13,957
Net income (loss) per common share, basic and diluted (in dollars per share) $ (0.18)  
Unrealized net holding gains arising during the period, net of tax $ 519,298 50,021
Reclassification adjustment for losses included in net income 56,035 22,903
Other comprehensive income 575,333 72,924
Comprehensive (loss) income $ (796,612) $ 86,881