Fair Value Disclosures (Tables)

12 Months Ended

Dec. 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 December 31, 2020, are as 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	$	1,385,406	$	—	$	—	$	1,385,406
MBS/ABS/CMBS		—		41,743,304		—		41,743,304
Corporate		—		43,580,743		—		43,580,743
Municipal		—		18,788,674		—		18,788,674
Redeemable preferred stocks		—		242,439		—		242,439
Total fixed maturity securities		1,385,406		104,355,160		—		105,740,566
Equity securities
Common stocks		14,724,814		—		—		14,724,814
Perpetual preferred stocks		—		1,683,892		—		1,683,892
Total equity securities		14,724,814		1,683,892		—		16,408,706
Total marketable investments measured at fair value	$	16,110,220	$	106,039,052	$	—	$	122,149,272

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