Investments (Tables)

12 Months Ended

Dec. 31, 2020

Investments [Abstract]

Summary of Net Investment Income

	2020		2019
AFS, fixed maturity securities	$	2,975,341	$	2,998,342
Investment property		770,981		610,642
Equity securities		556,920		300,584
Cash and short-term investments		34,460		75,585
Investment revenue		4,337,702		3,985,153
Less investment expenses		(840,000)		(800,000)
Net investment income	$	3,497,702	$	3,185,153

Summary of Recognized Impairments

							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2020
Fixed maturity securities	$	17,174,787	$	574,697	$	(926)	$	573,771
Common stocks		5,224,984		618,946		(1,435,514)		(816,568)
Preferred stocks		297,609		8,887		(11,412)		(2,525)
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

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

	Amortized Cost		Fair Value
Due in one year or less	$	1,000,699	$	1,022,316
Due after one year through five years		20,290,337		21,819,449
Due after five years through 10 years		15,176,189		17,064,205
Due after 10 years		21,560,825		23,848,853
Asset and mortgage backed securities without a specific due date		40,509,172		41,743,304
Redeemable preferred stocks		215,805		242,439
Total fixed maturity securities	$	98,753,027	$	105,740,566

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

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2020
Fixed maturity securities:
U.S. Treasury	$	1,352,758	$	1,385,406	$	33,336	$	(688)
MBS/ABS/CMBS		40,509,172		41,743,304		1,367,411		(133,279)
Corporate		39,186,671		43,580,743		4,429,000		(34,928)
Municipal		17,488,621		18,788,674		1,316,358		(16,305)
Redeemable preferred stock		215,805		242,439		26,634		—
Total fixed maturity securities	$	98,753,027	$	105,740,566	$	7,172,739	$	(185,200)

					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

	December 31, 2020						December 31, 2019
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	299,391	$	—	$	299,391	$	—	$	699,391	$	699,391
Amortized cost		300,078		—		300,078		—		700,318		700,318
Unrealized loss		(688)		—		(688)		—		(927)		(927)
MBS/ABS/CMBS
Fair value		7,120,339		2,010,434		9,130,773		6,398,581		5,056,732		11,455,313
Amortized cost		7,236,360		2,027,692		9,264,052		6,420,488		5,087,484		11,507,972
Unrealized loss		(116,021)		(17,258)		(133,279)		(21,907)		(30,752)		(52,659)
Corporate
Fair value		1,739,691		—		1,739,691		1,396,706		—		1,396,706
Amortized cost		1,774,619		—		1,774,619		1,406,183		—		1,406,183
Unrealized loss		(34,928)		—		(34,928)		(9,477)		—		(9,477)
Municipal
Fair value		756,678		—		756,678		1,969,468		—		1,969,468
Amortized cost		772,984		—		772,984		1,999,134		—		1,999,134
Unrealized loss		(16,306)		—		(16,306)		(29,666)		—		(29,666)
Total
Fair value		9,916,099		2,010,434		11,926,533		9,764,755		5,756,123		15,520,878
Amortized cost		10,084,041		2,027,692		12,111,733		9,825,805		5,787,802		15,613,607
Unrealized loss	$	(167,942)	$	(17,258)	$	(185,200)	$	(61,050)	$	(31,679)	$	(92,729)