Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a recurring Basis

Assets measured at fair value on a recurring basis as of March 31, 2020, are summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,392,031	$	—	$	—	$	1,392,031
MBS/ABS/CMBS		—		33,387,560		—		33,387,560
Corporate		—		39,357,281		—		39,357,281
Municipal		—		17,052,501		—		17,052,501
Redeemable preferred stocks		—		221,438		—		221,438
Total fixed maturity securities		1,392,031		90,018,780		—		91,410,811
Equity securities
Common stocks		10,752,130		—		—		10,752,130
Perpetual preferred stocks		—		1,393,890		—		1,393,890
Total equity securities		10,752,130		1,393,890		—		12,146,020
Total marketable investments measured at fair value	$	12,144,161	$	91,412,670	$	—	$	103,556,831

Assets measured at fair value on a recurring basis as of December 31, 2019, are summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	800,219	$	—	$	—	$	800,219
MBS/ABS/CMBS		—		34,290,995		—		34,290,995
Corporate		—		41,915,103		—		41,915,103
Municipal		—		15,081,255		—		15,081,255
Total fixed maturity securities		800,219		91,287,353		—		92,087,572
Equity securities
Common stocks		14,448,773		—		—		14,448,773
Total marketable investments measured at fair value	$	15,248,992	$	91,287,353	$	—	$	106,536,345