Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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	$	1,364,586	$	—	$	—	$	1,364,586
MBS/ABS/CMBS		—		44,137,083		—		44,137,083
Corporate		—		45,505,345		—		45,505,345
Municipal		—		19,605,726		—		19,605,726
Redeemable preferred stocks		—		236,748		—		236,748
Total fixed maturity securities		1,364,586		109,484,902		—		110,849,488
Equity securities
Common stocks		20,013,057		—		—		20,013,057
Perpetual preferred stocks		—		1,685,275		—		1,685,275
Total equity securities		20,013,057		1,685,275		—		21,698,332
Total marketable investments measured at fair value	$	21,377,643	$	111,170,177	$	—	$	132,547,820

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