Investments (Tables)

6 Months Ended

Jun. 30, 2020

Investments [Abstract]

Summary of Recognized Impairments

	For the Three-Months Ended June 30,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2020
Fixed maturity securities	$	5,581,636	$	111,782	$	—	$	111,782
Common stocks		2,736,179		329,296		(882,526)		(553,230)
Preferred stocks		53,652		2,829		—		2,829
2019
Fixed maturity securities	$	7,971,580	$	139,703	$	(4,530)	$	135,173
Common stocks		4,124,060		711,524		(199,629)		511,895

	For the Six-Months Ended June 30,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2020
Fixed maturity securities	$	9,384,229	$	345,475	$	(926)	$	344,549
Common stocks		3,260,997		376,422		(1,056,025)		(679,603)
Preferred stocks		145,490		2,829		(10,762)		(7,933)
2019
Fixed maturity securities	$	13,750,473	$	165,292	$	(16,149)	$	149,143
Common stocks		4,677,473		775,101		(324,602)		450,499

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

	Amortized Cost		Fair Value
Due in one year or less	$	1,225,054	$	1,229,164
Due after one year through five years		17,358,664		18,537,886
Due after five years through 10 years		17,113,692		19,116,349
Due after 10 years		19,869,012		21,827,971
Asset and mortgage backed securities without a specific due date		36,054,824		36,934,688
Redeemable preferred stocks		215,805		226,846
Total fixed maturity securities	$	91,837,051	$	97,872,904

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

	Cost or				Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2020
Fixed maturity securities:
U.S. Treasury	$	1,753,081	$	1,792,641	$	39,560	$	—
MBS/ABS/CMBS		36,054,824		36,934,688		1,155,282		(275,418)
Corporate		37,012,131		40,877,709		3,951,611		(86,033)
Municipal		16,801,210		18,041,020		1,253,021		(13,211)
Redeemable preferred stock		215,805		226,846		11,041		—
Total fixed maturity securities	$	91,837,051	$	97,872,904	$	6,410,515	$	(374,662)

					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 fixed maturity securities	$	88,348,415	$	92,087,572	$	3,831,886	$	(92,729)

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

	June 30, 2020						December 31, 2019
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 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		7,535,981		1,983,734		9,519,715		6,398,581		5,056,732		11,455,313
Amortized cost		7,751,022		2,044,111		9,795,133		6,420,488		5,087,484		11,507,972
Unrealized loss		(215,041)		(60,377)		(275,418)		(21,907)		(30,752)		(52,659)
Corporate
Fair value		1,657,745		—		1,657,745		1,396,706		—		1,396,706
Amortized cost		1,743,778		—		1,743,778		1,406,183		—		1,406,183
Unrealized loss		(86,033)		—		(86,033)		(9,477)		—		(9,477)
Municipal
Fair value		496,110		—		496,110		1,969,468		—		1,969,468
Amortized cost		509,321		—		509,321		1,999,134		—		1,999,134
Unrealized loss		(13,211)		—		(13,211)		(29,666)		—		(29,666)
Total
Fair value		9,689,836		1,983,734		11,673,570		9,764,755		5,756,123		15,520,878
Amortized cost		10,004,121		2,044,111		12,048,232		9,825,805		5,787,802		15,613,607
Unrealized loss	$	(314,285)	$	(60,377)	$	(374,662)	$	(61,050)	$	(31,679)	$	(92,729)