Note 6 - Deposit-type Contracts

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Deposit-type Contracts [Text Block]

Note 6. Deposit-type Contracts

Liabilities for deferred annuity deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account deposits, plus interest credited, and less policyholder withdrawals. Crediting rates fall in a range of 2% to 6%. The following table provides information about deferred annuity deposit-type contracts for the periods ended March 31, 2026 and 2025.

	Three months ended			Three months ended
	March 31,			March 31,
	2026			2025
Balance at beginning of period	$	87,708,371		$	77,804,068
Deposits received		1,867,110			1,308,813
Interest credited		536,192			518,380
Withdrawals		(2,158,531	)		(5,005,264	)
Balance at end of period	$	87,953,142		$	74,625,997

The premium deposit funds credit interest based upon a fixed interest rate set by the Company. The Company has the ability to change this rate subject to minimums established by law or administrative regulation.

Liabilities for premium deposit fund deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account deposits, plus interest credited, and less withdrawals. The following table provides information about premium deposit fund deposit-type contracts for the periods ended March 31, 2026 and 2025.

	Three months ended			Three months ended
	March 31,			March 31,
	2026			2025
Balance at beginning of period	$	115,890		$	136,310
Deposits received		-			3,011
Interest credited		594			717
Withdrawals		(7,330	)		(6,325	)
Balance at end of period	$	109,154		$	133,713