Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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	$	1,792,641	$	—	$	—	$	1,792,641
MBS/ABS/CMBS		—		36,934,688		—		36,934,688
Corporate		—		40,877,709		—		40,877,709
Municipal		—		18,041,020		—		18,041,020
Redeemable preferred stocks		—		226,846		—		226,846
Total fixed maturity securities		1,792,641		96,080,263		—		97,872,904
Equity securities
Common stocks		11,702,141		—		—		11,702,141
Perpetual preferred stocks		—		1,555,041		—		1,555,041
Total equity securities		11,702,141		1,555,041		—		13,257,182
Total marketable investments measured at fair value	$	13,494,782	$	97,635,304	$	—	$	111,130,086

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