Investments (Tables)

3 Months Ended

Mar. 31, 2022

Investments [Abstract]

Summary of Recognized Impairments

	For the Three-Months Ended March 31,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2022
Fixed maturity securities	$	2,445,125	$	9,727	$	—	$	9,727
Common stocks		636,104		204,190		(8,070)		196,120
Preferred stocks		365,508		7,745		(6,007)		1,738
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

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

	Amortized Cost		Fair Value
Due in one year or less	$	2,096,646	$	2,126,660
Due after one year through five years		15,916,814		15,824,375
Due after five years through 10 years		17,443,937		16,883,168
Due after 10 years		28,207,144		27,379,734
Asset and mortgage backed securities without a specific due date		40,585,715		39,433,239
Redeemable preferred stocks		215,805		225,244
Total fixed maturity securities	$	104,466,061	$	101,872,420

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

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2022
Fixed maturity securities:
U.S. Treasury	$	1,353,485	$	1,293,070	$	—	$	(60,415)
MBS/ABS/CMBS		40,585,715		39,433,239		69,792		(1,222,268)
Corporate		39,892,850		39,267,144		652,554		(1,278,260)
Municipal		22,418,206		21,653,723		321,137		(1,085,621)
Redeemable preferred stock		215,805		225,244		9,439		—
Total fixed maturity securities	$	104,466,061	$	101,872,420	$	1,052,922	$	(3,646,564)

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2021
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)

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

	March 31, 2022						December 31, 2021
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	638,508	$	654,563	$	1,293,071	$	391,250	$	291,891	$	683,141
Amortized cost		653,051		700,435		1,353,486		400,408		300,061		700,469
Unrealized loss		(14,543)		(45,872)		(60,415)		(9,158)		(8,170)		(17,328)
MBS/ABS/CMBS
Fair value		27,475,180		6,371,179		33,846,359		20,403,757		1,124,095		21,527,852
Amortized cost		28,108,983		6,959,644		35,068,627		20,647,568		1,176,171		21,823,739
Unrealized loss		(633,803)		(588,465)		(1,222,268)		(243,811)		(52,076)		(295,887)
Corporate
Fair value		17,256,927		2,067,868		19,324,795		6,428,166		995,235		7,423,401
Amortized cost		18,335,521		2,267,534		20,603,055		6,590,227		1,020,853		7,611,080
Unrealized loss		(1,078,594)		(199,666)		(1,278,260)		(162,061)		(25,618)		(187,679)
Municipal
Fair value		12,131,067		231,406		12,362,473		2,676,052		269,247		2,945,299
Amortized cost		13,174,815		273,279		13,448,094		2,695,269		273,391		2,968,660
Unrealized loss		(1,043,748)		(41,873)		(1,085,621)		(19,217)		(4,144)		(23,361)
Total
Fair value		57,501,682		9,325,016		66,826,698		29,899,225		2,680,468		32,579,693
Amortized cost		60,272,370		10,200,892		70,473,262		30,333,472		2,770,476		33,103,948
Unrealized loss	$	(2,770,688)	$	(875,876)	$	(3,646,564)	$	(434,247)	$	(90,008)	$	(524,255)