Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022, 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	$	1,293,070	$	—	$	—	$	1,293,070
MBS/ABS/CMBS		—		39,433,239		—		39,433,239
Corporate		—		39,267,144		—		39,267,144
Municipal		—		21,653,723		—		21,653,723
Redeemable preferred stocks		—		225,244		—		225,244
Total fixed maturity securities		1,293,070		100,579,350		—		101,872,420
Equity securities
Common stocks		22,795,115		—		—		22,795,115
Perpetual preferred stocks		—		2,858,036		—		2,858,036
Total equity securities		22,795,115		2,858,036		—		25,653,151
Total marketable investments measured at fair value	$	24,088,185	$	103,437,386	$	—	$	127,525,571

Assets measured at fair value on a recurring basis as of December 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	$	1,345,992	$	—	$	—	$	1,345,992
MBS/ABS/CMBS		—		41,023,871		—		41,023,871
Corporate		—		41,206,964		—		41,206,964
Municipal		—		22,031,831		—		22,031,831
Redeemable preferred stocks		—		232,885		—		232,885
Total fixed maturity securities		1,345,992		104,495,551		—		105,841,543
Equity securities
Common stocks		23,608,197		—		—		23,608,197
Perpetual preferred stocks		—		2,780,450		—		2,780,450
Total equity securities		23,608,197		2,780,450		—		26,388,647
Total marketable investments measured at fair value	$	24,954,189	$	107,276,001	$	—	$	132,230,190