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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income:    
Premium income $ 3,904,202 $ 4,419,593
Net investment income 2,031,221 1,724,728
Net investment losses (111,807) (1,049,673)
Other income 70,780 87,364
Total income 5,894,396 5,182,012
Expenses:    
Death claims 1,410,201 1,442,245
Policyholder benefits 1,148,181 2,092,539
Increase in policyholder reserves 2,069,702 1,673,870
Commissions, net of deferrals 100,223 248,490
Amortization of deferred acquisition costs 214,934 167,924
Amortization of value of business acquired 23,105 23,105
Salaries & benefits 441,405 381,238
Other operating expenses 912,616 716,360
Total expenses 6,320,367 6,745,771
Net loss before tax (425,971) (1,563,759)
Current federal income tax benefit 0 0
Deferred federal income tax benefit 94,538 216,319
Total federal income tax benefit 94,538 216,319
Net loss $ (331,433) $ (1,347,440)
Net loss per common share, basic and diluted (in dollars per share) $ (0.04) $ (0.17)
Unrealized net holding (losses) gains arising during the period, net of tax $ (534,642) $ 519,298
Effects of discount rate changes, net of tax 249,728 (236,308)
Reclassification adjustment for losses included in net loss 27,704 56,035
Other comprehensive (loss) income (257,210) 339,025
Comprehensive loss $ (588,643) $ (1,008,415)