Investments (Tables)

6 Months Ended

Jun. 30, 2022

Investments [Abstract]

Summary of Recognized Impairments

	For the Three-Months Ended June 30,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2022
Fixed maturity securities	$	10,168,949	$	96,191	$	(106,546)	$	(10,355)
Common stocks		2,740,714		736,152		(186,562)		549,590
Preferred stocks		38,200		—		(2,426)		(2,426)
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

	For the Six-Months Ended June 30,
							Net Realized
	Proceeds		Gains		Losses		Gains (Losses)
2022
Fixed maturity securities	$	12,614,074	$	105,918	$	(106,546)	$	(628)
Common stocks		3,376,818		940,342		(194,632)		745,710
Preferred stocks		403,708		7,745		(8,433)		(688)
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

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

	Amortized Cost		Fair Value
Due in one year or less	$	598,599	$	600,352
Due after one year through five years		16,090,223		15,725,521
Due after five years through 10 years		18,130,639		16,524,045
Due after 10 years		26,877,655		23,362,604
Asset and mortgage backed securities without a specific due date		38,105,551		35,947,073
Redeemable preferred stocks		215,805		211,905
Total fixed maturity securities	$	100,018,472	$	92,371,500

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

December 31, 2021

					Gross Unrealized
	Amortized Cost		Fair Value		Gains		Losses
2022
Fixed maturity securities:
U.S. Treasury	$	1,353,242	$	1,278,703	$	—	$	(74,539)
MBS/ABS/CMBS		38,105,551		35,947,073		4,743		(2,163,221)
Corporate		38,820,084		36,002,420		94,211		(2,911,876)
Municipal		21,523,790		18,931,399		129,114		(2,721,505)
Redeemable preferred stock		215,805		211,905		3,840		(7,740)
Total fixed maturity securities	$	100,018,472	$	92,371,500	$	231,908	$	(7,878,881)

					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

	June 30, 2022						December 31, 2021
			12 Months						12 Months
	< 12 Months		& Greater		Total		< 12 Months		& Greater		Total
Fixed Maturity Securities:
U.S. Treasury
Fair value	$	630,063	$	648,641	$	1,278,704	$	391,250	$	291,891	$	683,141
Amortized cost		652,843		700,400		1,353,243		400,408		300,061		700,469
Unrealized loss		(22,780)		(51,759)		(74,539)		(9,158)		(8,170)		(17,328)
MBS/ABS/CMBS
Fair value		26,290,190		8,213,254		34,503,444		20,403,757		1,124,095		21,527,852
Amortized cost		27,523,725		9,142,940		36,666,665		20,647,568		1,176,171		21,823,739
Unrealized loss		(1,233,535)		(929,686)		(2,163,221)		(243,811)		(52,076)		(295,887)
Corporate
Fair value		27,074,435		1,516,798		28,591,233		6,428,166		995,235		7,423,401
Amortized cost		29,745,958		1,757,151		31,503,109		6,590,227		1,020,853		7,611,080
Unrealized loss		(2,671,523)		(240,353)		(2,911,876)		(162,061)		(25,618)		(187,679)
Municipal
Fair value		13,669,863		211,521		13,881,384		2,676,052		269,247		2,945,299
Amortized cost		16,329,722		273,167		16,602,889		2,695,269		273,391		2,968,660
Unrealized loss		(2,659,859)		(61,646)		(2,721,505)		(19,217)		(4,144)		(23,361)
Redeemable preferred stock
Fair value		139,155		—		139,155		—		—		—
Cost		146,895		—		146,895		—		—		—
Unrealized loss		(7,740)		—		(7,740)		—		—		—
Total
Fair value		67,803,706		10,590,214		78,393,920		29,899,225		2,680,468		32,579,693
Amortized cost		74,399,143		11,873,658		86,272,801		30,333,472		2,770,476		33,103,948
Unrealized loss		(6,595,437)	$	(1,283,444)	$	(7,878,881)	$	(434,247)	$	(90,008)	$	(524,255)