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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income:    
Premium income $ 17,347,856 $ 15,338,053
Net investment income 7,308,468 7,597,762
Net investment (losses) gains (491,476) 283,423
Other income 408,590 553,035
Total income 24,573,438 23,772,273
Expenses:    
Death claims 5,252,801 3,983,405
Policyholder benefits 7,324,481 6,883,283
Increase in policyholder reserves 6,705,244 5,973,329
Commissions, net of deferrals 962,231 947,548
Amortization of deferred acquisition costs 748,446 945,922
Amortization of value of business acquired 92,420 92,420
Salaries & benefits 1,839,528 1,701,745
Other operating expenses 2,753,822 2,624,371
Total expenses 25,678,973 23,152,023
Net (loss) income before tax (1,105,535) 620,250
Current federal income tax expense (92,832) (25,646)
Deferred federal income tax benefit (expense) 411,525 (54,232)
Total federal income tax benefit (expense) 318,693 (79,878)
Net (loss) income $ (786,842) $ 540,372
Net (loss) income per common share, basic and diluted (in dollars per share) $ (0.1) $ 0.07
Unrealized net holding gains (losses) arising during the period, net of tax $ 385,952 $ (213,036)
Effects of discount rate changes, net of tax (538,633) 1,146,537
Reclassification adjustment for losses included in net (gain) loss income (62,433) 39,232
Other comprehensive (loss) income (215,114) 972,733
Comprehensive (loss) income $ (1,001,956) $ 1,513,105