Note 2 - Investments (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Investment Income [Table Text Block]

	2022			2021
AFS, fixed maturity securities	$	3,122,028		$	3,010,433
Investment property		904,533			802,071
Equity securities		778,707			488,562
Other Invested Assets		154,332			80,761
Cash and short-term investments		24,628			2,582
Investment revenue		4,984,228			4,384,408
Less investment expenses		(950,000	)		(970,000	)
Net investment income	$	4,034,228		$	3,414,408

Schedule of Realized Gain (Loss) [Table Text Block]

								Net Realized
	Proceeds		Gains		Losses			Gains (Losses)
2022
Fixed maturity securities	$	17,820,507	$	107,368	$	(118,178	)	$	(10,810	)
Common stocks		4,402,327		1,213,519		(316,079	)		897,440
Preferred stocks		646,552		8,748		(20,909	)		(12,160	)
2021
Fixed maturity securities	$	18,590,418	$	247,913	$	(9,582	)	$	238,332
Common stocks		3,023,990		836,477		(129,972	)		706,504
Preferred stocks		340,523		37,711		—			37,711

Investments Classified by Contractual Maturity Date [Table Text Block]

	Amortized Cost		Fair Value
Due in one year or less	$	250,007	$	246,576
Due after one year through five years		16,293,720		15,551,096
Due after five years through 10 years		19,109,519		16,765,406
Due after 10 years		26,853,034		21,833,630
Asset and mortgage backed securities without a specific due date		41,858,596		38,803,342
Redeemable preferred stocks		215,805		188,921
Total fixed maturity securities	$	104,580,681	$	93,388,971

Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2022
Fixed maturity securities:
U.S. Treasury	$	1,352,752	$	1,252,960	$	—	$	(99,792	)
MBS/ABS/CMBS		41,858,596		38,803,341		51,477		(3,106,732	)
Corporate		39,716,139		35,602,055		38,867		(4,152,951	)
Municipal		21,437,389		17,541,694		78,117		(3,973,812	)
Redeemable preferred stock		215,805		188,921		—		(26,884	)
Total fixed maturity securities	$	104,580,681	$	93,388,971	$	168,461	$	(11,360,171	)

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2021
Fixed maturity securities:
U.S. Treasury	$	1,352,044	$	1,345,992	$	11,276	$	(17,328	)
MBS/ABS/CMBS		40,712,275		41,023,871		607,483		(295,887	)
Corporate		38,959,905		41,206,964		2,434,738		(187,679	)
Municipal		20,905,194		22,031,831		1,149,998		(23,361	)
Redeemable preferred stock		215,805		232,885		17,080		—
Total fixed maturity securities	$	102,145,223	$	105,841,543	$	4,220,575	$	(524,255	)

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

	December 31, 2022									December 31, 2021
				12 Months									12 Months
	< 12 Months			& Greater			Total			< 12 Months			& Greater			Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	615,367		$	637,594		$	1,252,961		$	391,250		$	291,891		$	683,141
Amortized cost		652,424			700,329			1,352,753			400,408			300,061			700,469
Unrealized loss		(37,057	)		(62,735	)		(99,792	)		(9,158	)		(8,170	)		(17,328	)
MBS/ABS/CMBS
Fair value		21,199,819			12,833,310			34,033,129			20,403,757			1,124,095			21,527,852
Amortized cost		22,564,779			14,575,082			37,139,861			20,647,568			1,176,171			21,823,739
Unrealized loss		(1,364,960	)		(1,741,772	)		(3,106,732	)		(243,811	)		(52,076	)		(295,887	)
Corporate
Fair value		27,688,403			5,829,396			33,517,799			6,428,166			995,235			7,423,401
Amortized cost		30,584,890			7,085,860			37,670,750			6,590,227			1,020,853			7,611,080
Unrealized loss		(2,896,487	)		(1,256,464	)		(4,152,951	)		(162,061	)		(25,618	)		(187,679	)
Municipal
Fair value		11,502,050			2,079,831			13,581,881			2,676,052			269,247			2,945,299
Amortized cost		14,590,996			2,964,697			17,555,693			2,695,269			273,391			2,968,660
Unrealized loss		(3,088,946	)		(884,866	)		(3,973,812	)		(19,217	)		(4,144	)		(23,361	)
Redeemable preferred stock
Fair value		188,921			—			188,921			—			—			—
Amortized cost		215,805			—			215,805			—			—			—
Unrealized loss		(26,884	)		—			(26,884	)		—			—			—
Total
Fair value		61,194,560			21,380,131			82,574,691			29,899,225			2,680,468			32,579,693
Amortized cost		68,608,894			25,325,968			93,934,862			30,333,472			2,770,476			33,103,948
Unrealized loss		(7,414,334	)	$	(3,945,837	)	$	(11,360,171	)	$	(434,247	)	$	(90,008	)	$	(524,255	)