Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021, 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	$	1,364,297	$	—	$	—	$	1,364,297
MBS/ABS/CMBS		—		39,224,101		—		39,224,101
Corporate		—		42,735,612		—		42,735,612
Municipal		—		18,306,106		—		18,306,106
Redeemable preferred stocks		—		234,923		—		234,923
Total fixed maturity securities		1,364,297		100,500,743		—		101,865,040
Equity securities
Common stocks		18,404,167		—		—		18,404,167
Perpetual preferred stocks		—		1,654,530		—		1,654,530
Total equity securities		18,404,167		1,654,530		—		20,058,697
Total marketable investments measured at fair value	$	19,768,464	$	102,155,273	$	—	$	121,923,737

Assets measured at fair value on a recurring basis as of December 31, 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	$	1,385,406	$	—	$	—	$	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