Investments (Tables)

12 Months Ended

Dec. 31, 2019

Investments [Abstract]

Summary of Net Investment Income

	2019		2018
AFS, fixed maturity securities	$	2,998,342	$	2,943,083
Investment property		610,642		555,350
Equity securities		300,584		266,530
Cash and short-term investments		75,585		25,303
Investment revenue		3,985,153		3,790,266
Less investment expenses		(800,000)		(900,000)
Net investment income	$	3,185,153	$	2,890,266

Summary of Recognized Impairments

							Net Realized
	Proceeds		Gains		Losses		Gains
2019
Fixed maturity securities	$	27,033,200	$	321,032	$	(36,260)	$	284,772
Common stocks		8,238,753		1,443,507		(527,514)		915,993
2018
Fixed maturity securities	$	16,966,599	$	122,900	$	(78,194)	$	44,706
Common stocks		11,843,798		1,290,148		(363,094)		927,054
Preferred stocks		3,927,722		86,862		(82,629)		4,233

Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity

	Amortized Cost		Fair Value
Due in one year or less	$	3,228,881	$	3,244,534
Due after one year through five years		18,956,885		19,738,798
Due after five years through 10 years		15,091,864		16,340,507
Due after 10 years		17,267,874		18,472,738
Asset and mortgage backed securities without a specific due date		33,802,911		34,290,995
Total fixed maturity securities	$	88,348,415	$	92,087,572

Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2019
Fixed maturity securities:
U.S. Treasury	$	800,462	$	800,219	$	684	$	(927)
MBS/ABS/CMBS		33,802,911		34,290,995		540,743		(52,659)
Corporate		39,442,202		41,915,103		2,482,378		(9,477)
Municipal		14,302,840		15,081,255		808,081		(29,666)
Total AFS securities	$	88,348,415	$	92,087,572	$	3,831,886	$	(92,729)

	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2018
Fixed maturity securities:
U.S. Treasury	$	1,348,575	$	1,328,925	$	—	$	(19,650)
MBS/ABS/CMBS		34,372,133		33,799,024		33,955		(607,064)
Corporate		37,383,903		37,366,690		376,029		(393,242)
Municipal		16,148,295		16,486,520		398,569		(60,344)
Total fixed maturity securities		89,252,906		88,981,159		808,553		(1,080,300)
Equity securities:
Common stocks		13,572,713		11,843,223		406,812		(2,136,302)
Total equity securities1		13,572,713		11,843,223		406,812		(2,136,302)
Total AFS securities	$	102,825,619	$	100,824,382	$	1,215,365	$	(3,216,602)

Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position

	December 31, 2019
			12 Months
	< 12 Months		& Greater		Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	—	$	699,391	$	699,391
Amortized cost		—		700,318		700,318
Unrealized loss		—		(927)		(927)
MBS/ABS/CMBS
Fair value		6,398,581		5,056,732		11,455,313
Amortized cost		6,420,488		5,087,484		11,507,972
Unrealized loss		(21,907)		(30,752)		(52,659)
Corporate
Fair value		1,396,706		—		1,396,706
Amortized cost		1,406,183		—		1,406,183
Unrealized loss		(9,477)		—		(9,477)
Municipal
Fair value		1,969,468		—		1,969,468
Amortized cost		1,999,134		—		1,999,134
Unrealized loss		(29,666)		—		(29,666)
Total debt securities available for sale
Fair value		9,764,755		5,756,123		15,520,878
Amortized cost		9,825,805		5,787,802		15,613,607
Unrealized loss	$	(61,050)	$	(31,679)	$	(92,729)