Investments (Tables)

3 Months Ended

Mar. 31, 2021

Investments [Abstract]

Summary of Recognized Impairments

	For the Three-Months Ended March 31,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2021
Fixed maturity securities	$	3,484,432	$	1,319	$	(29)	$	1,290
Common stocks		687,015		212,361		(32,397)		179,964
Preferred stocks		78,469		5,455		—		5,455
2020
Fixed maturity securities	$	3,802,593	$	233,693	$	(926)	$	232,767
Common stocks		524,818		47,126		(173,499)		(126,373)
Preferred stocks		91,838		—		(10,762)		(10,762)

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

	Amortized Cost		Fair Value
Due in one year or less	$	1,849,923	$	1,888,670
Due after one year through five years		20,417,844		21,645,715
Due after five years through 10 years		15,114,224		16,148,886
Due after 10 years		21,536,839		22,722,744
Asset and mortgage backed securities without a specific due date		38,561,248		39,224,101
Redeemable preferred stocks		215,805		234,923
Total fixed maturity securities	$	97,695,883	$	101,865,040

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

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2021
Fixed maturity securities:
U.S. Treasury	$	1,352,581	$	1,364,297	$	23,227	$	(11,511)
MBS/ABS/CMBS		38,561,248		39,224,101		977,305		(314,452)
Corporate		40,104,876		42,735,613		2,835,297		(204,560)
Municipal		17,461,373		18,306,106		955,785		(111,052)
Redeemable preferred stock		215,805		234,923		19,118		—
Total fixed maturity securities	$	97,695,883	$	101,865,040	$	4,810,732	$	(641,575)

					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)

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

	March 31, 2021						December 31, 2020
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	689,063	$	—	$	689,063	$	299,391	$	—	$	299,391
Amortized cost		700,574		—		700,574		300,078		—		300,078
Unrealized loss		(11,511)		—		(11,511)		(688)		—		(688)
MBS/ABS/CMBS
Fair value		7,512,704		1,820,824		9,333,528		7,120,339		2,010,434		9,130,773
Amortized cost		7,711,500		1,936,480		9,647,980		7,236,360		2,027,692		9,264,052
Unrealized loss		(198,796)		(115,656)		(314,452)		(116,021)		(17,258)		(133,279)
Corporate
Fair value		6,201,266		233,125		6,434,391		1,739,691		—		1,739,691
Amortized cost		6,390,010		248,941		6,638,951		1,774,619		—		1,774,619
Unrealized loss		(188,744)		(15,816)		(204,560)		(34,928)		—		(34,928)
Municipal
Fair value		3,457,673		245,545		3,703,218		756,678		—		756,678
Amortized cost		3,565,111		249,159		3,814,270		772,984		—		772,984
Unrealized loss		(107,438)		(3,614)		(111,052)		(16,306)		—		(16,306)
Total
Fair value		17,860,706		2,299,494		20,160,200		9,916,099		2,010,434		11,926,533
Amortized cost		18,367,195		2,434,580		20,801,775		10,084,041		2,027,692		12,111,733
Unrealized loss	$	(506,489)	$	(135,086)	$	(641,575)	$	(167,942)	$	(17,258)	$	(185,200)