Investments (Tables)

6 Months Ended

Jun. 30, 2021

Investments [Abstract]

Summary of Recognized Impairments

	For the Three-Months Ended June 30,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2021
Fixed maturity securities	$	2,699,867	$	18,137	$	(9,553)	$	8,584
Common stocks		1,277,820		342,408		(33,342)		309,065
Preferred stocks		262,054		32,256		—		32,256
2020
Fixed maturity securities	$	5,581,636	$	111,782	$	—	$	111,782
Common stocks		2,736,179		329,296		(882,526)		(553,230)
Preferred stocks		53,652		2,829		—		2,829

	For the Six-Months Ended June 30,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2021
Fixed maturity securities	$	6,184,298	$	19,456	$	(9,582)	$	9,874
Common stocks		1,964,835		554,769		(65,739)		489,030
Preferred stocks		340,523		37,711		—		37,711
2020
Fixed maturity securities	$	9,384,229	$	345,475	$	(926)	$	344,549
Common stocks		3,260,997		376,422		(1,056,025)		(679,603)
Preferred stocks		145,490		2,829		(10,762)		(7,933)

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

	Amortized Cost		Fair Value
Due in one year or less	$	1,850,255	$	1,880,743
Due after one year through five years		21,414,895		22,649,135
Due after five years through 10 years		15,113,009		16,491,383
Due after 10 years		23,403,945		25,454,396
Asset and mortgage backed securities without a specific due date		43,314,085		44,137,082
Redeemable preferred stocks		215,805		236,749
Total fixed maturity securities	$	105,311,994	$	110,849,488

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	$	1,352,403	$	1,364,586	$	21,769	$	(9,586)
MBS/ABS/CMBS		43,314,085		44,137,083		1,033,712		(210,714)
Corporate		42,105,796		45,505,345		3,460,240		(60,691)
Municipal		18,323,904		19,605,726		1,301,359		(19,537)
Redeemable preferred stock		215,805		236,748		20,943		—
Total fixed maturity securities	$	105,311,994	$	110,849,488	$	5,838,023	$	(300,528)

					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

	June 30, 2021						December 31, 2020
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	690,953	$	—	$	690,953	$	299,391	$	—	$	299,391
Amortized cost		700,539		—		700,539		300,078		—		300,078
Unrealized loss		(9,586)		—		(9,586)		(688)		—		(688)
MBS/ABS/CMBS
Fair value		14,308,570		1,102,402		15,410,972		7,120,339		2,010,434		9,130,773
Amortized cost		14,439,762		1,181,924		15,621,686		7,236,360		2,027,692		9,264,052
Unrealized loss		(131,192)		(79,522)		(210,714)		(116,021)		(17,258)		(133,279)
Corporate
Fair value		3,763,888		—		3,763,888		1,739,691		—		1,739,691
Amortized cost		3,824,579		—		3,824,579		1,774,619		—		1,774,619
Unrealized loss		(60,691)		—		(60,691)		(34,928)		—		(34,928)
Municipal
Fair value		1,254,074		—		1,254,074		756,678		—		756,678
Amortized cost		1,273,611		—		1,273,611		772,984		—		772,984
Unrealized loss		(19,537)		—		(19,537)		(16,306)		—		(16,306)
Total
Fair value		20,017,485		1,102,402		21,119,887		9,916,099		2,010,434		11,926,533
Amortized cost		20,238,491		1,181,924		21,420,415		10,084,041		2,027,692		12,111,733
Unrealized loss	$	(221,006)	$	(79,522)	$	(300,528)	$	(167,942)	$	(17,258)	$	(185,200)