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Investments (Tables)
12 Months Ended
Dec. 31, 2021
Investments [Abstract]  
Summary of Net Investment Income   2021 2020AFS, fixed maturity securities $ 3,086,226 $ 2,975,341Investment property 802,071 770,981Equity securities 493,529 556,920Cash and short-term investments 2,582 34,460Investment revenue 4,384,408 4,337,702Less investment expenses (970,000) (840,000)Net investment income $ 3,414,408 $ 3,497,702
Summary of Recognized Impairments Net Realized Proceeds Gains Losses Gains (Losses)2021 Fixed maturity securities $ 18,590,418 $ 247,913 $ (9,582) $ 238,332Common stocks 3,023,990 836,477 (129,972) 706,504Preferred stocks 340,523 37,711 — 37,7112020 Fixed maturity securities $ 17,174,787 $ 574,697 $ (926) $ 573,771Common stocks 5,224,984 618,946 (1,435,514) (816,568)Preferred stocks 297,609 8,886 (11,412) (2,526)
Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity Amortized Cost Fair ValueDue in one year or less $ 2,103,740 $ 2,138,613Due after one year through five years 17,161,140 17,834,244Due after five years through 10 years 14,901,963 15,661,583Due after 10 years 27,050,300 28,950,347Asset and mortgage backed securities without a specific due date 40,712,275 41,023,871Redeemable preferred stocks 215,805 232,885Total fixed maturity securities $ 102,145,223 $ 105,841,543
Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments   Gross Unrealized Amortized Cost Fair Value Gains Losses2021 Fixed maturity securities: U.S. Treasury $ 1,352,044 $ 1,345,992 $ 11,276 $ (17,328)MBS/ABS/CMBS 40,712,275 41,023,871 607,483 (295,887)Corporate 38,959,905 41,206,964 2,434,738 (187,679)Municipal 20,905,194 22,031,831 1,149,998 (23,361)Redeemable preferred stock 215,805 232,885 17,080 —Total fixed maturity securities $ 102,145,223 $ 105,841,543 $ 4,220,575 $ (524,255)   Gross Unrealized Amortized Cost Fair Value Gains Losses2020 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   December 31, 2021 December 31, 2020 12 Months 12 Months < 12 Months & Greater Total < 12 Months & Greater TotalFixed Maturity Securities: U.S. Treasury Fair value $ 391,250  $ 291,891  $ 683,141  $ 299,391  $ — $ 299,391 Amortized cost 400,408  300,061  700,469  300,078  — 300,078 Unrealized loss (9,158) (8,170) (17,328) (688) — (688)MBS/ABS/CMBS Fair value 20,403,757  1,124,095  21,527,852  7,120,339  2,010,434  9,130,773 Amortized cost 20,647,568  1,176,171  21,823,739  7,236,360  2,027,692  9,264,052 Unrealized loss (243,811) (52,076) (295,887) (116,021) (17,258) (133,279)Corporate Fair value 6,428,166  995,235  7,423,401  1,739,691  — 1,739,691 Amortized cost 6,590,227  1,020,853  7,611,080  1,774,619  — 1,774,619 Unrealized loss (162,061) (25,618) (187,679) (34,928) — (34,928)Municipal Fair value 2,676,052  269,247  2,945,299  756,678  — 756,678 Amortized cost 2,695,269  273,391  2,968,660  772,984  — 772,984 Unrealized loss (19,217) (4,144) (23,361) (16,306) — (16,306)Total Fair value 29,899,225  2,680,468  32,579,693  9,916,099  2,010,434  11,926,533 Amortized cost 30,333,472  2,770,476  33,103,948  10,084,041  2,027,692  12,111,733 Unrealized loss $ (434,247) $ (90,008) $ (524,255) $ (167,942) $ (17,258) $ (185,200)