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Schedule II - Condensed Financial Information of Registrant - Statement of Cash Flows - Parent Company Only (Details) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Depreciation $ 763,815 $ 693,067
Deferred income tax 89,118 (1,125,063)
Amortization of bond premium and discount 53,322 175,085
Stock-based compensation expense 604,765 589,805
Accrued investment income (123,344) (132,399)
Accrued expenses 1,370,597 630,409
Current federal income tax (105,688) 173,652
Other (978,466) 137,845
Net cash provided by operating activities 8,520,265 10,755,134
Fixed maturity securities (26,444,434) (20,443,812)
Fixed maturity securities 11,578,761 17,820,507
Property and equipment (617,324) (711,133)
Net cash used in investing activities (9,776,653) (6,256,602)
Repayments of borrowed funds 0 (8,455,342)
Purchase of treasury stock (405,463) (2,509,582)
Net cash used in financing activities (405,463) (5,964,924)
Net decrease in cash and cash equivalents (1,661,851) (1,466,392)
Cash and cash equivalents at beginning of year 3,139,986  
Cash and cash equivalents at end of period 1,478,135 3,139,986
Interest paid 184,100 190,200
Parent Company [Member]    
Net earnings (loss) 4,256,895 (581,662)
Net realized and unrealized (gains) losses on investments (83,643) 136,495
Depreciation (12,829) 24,065
Deferred income tax 14,776 23,969
Equity in undistributed income of subsidiaries (5,658,989) (1,008,352)
Amortization of bond premium and discount 2,226 761
Stock-based compensation expense 446,091 388,359
Intercompany notes receivable 0 4,473
Due to (from) subsidiaries 70,673 (1,046,958)
Accrued investment income (2,537) 4,371
Accrued expenses 550,247 (4,173)
Current federal income tax 102,779 (312,389)
Other 214,246 (29,924)
Net cash provided by operating activities (100,065) (2,400,965)
Contributions from subsidiaries 364,529 4,691,823
Fixed maturity securities (174,482) (724,994)
Common stocks (320,098) (202,897)
Fixed maturity securities 596,618 573,820
Common stocks 284,423 173,523
Property and equipment 12,338 24,293
Net cash used in investing activities 763,328 4,535,568
Repayments of borrowed funds (97,114) (51,490)
Purchase of treasury stock (246,789) (2,308,136)
Net cash used in financing activities (343,903) (2,359,626)
Net decrease in cash and cash equivalents 319,360 (225,023)
Cash and cash equivalents at beginning of year 348,692 573,715
Cash and cash equivalents at end of period 668,052 348,692
Interest paid $ 0 $ 38,531