Note 3 - Derivative Instruments

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Note 3. Derivative Instruments

Types of Derivatives used by the Company

The Company’s derivatives consist of a reinsurance contract allocated hedge.

Summary of Derivative Positions

The fair value of the Company’s derivative financial instruments on the consolidated balance sheets is as follows:

	March 31, 2025				December 31, 2024
	Derivative				Derivative				Balance
	Asset		Liability		Asset		Liability		Reported In
	(unaudited)
Derivatives:
Embedded derivatives:
Reinsurance contract allocated hedge	$	594,352		-	$	713,114	$	-	Reinsurance related assets

The following table shows the change in the fair value of the derivative financial instruments in the consolidated statements of comprehensive income (loss) for the three months ended March 31, 2025 and 2024:

	Three Months Ending			Three Months Ending		Balance
	March 31, 2025			March 31, 2024		Reported In
	(unaudited)			(unaudited)
Derivatives:
Embedded derivatives:
Change in reinsurance contract allocated hedge	$	(118,762	)	$	79,929	Net investment gains (losses)