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3) Investments: Held-to-maturity Securities (Tables)
6 Months Ended
Jun. 30, 2015
Held-to-maturity Securities

 

Amortized Cost

Gross Unrealized Gains

 Gross Unrealized Losses

 Estimated Fair Value

June 30, 2015

 

 

 

 

Fixed maturity securities held to maturity carried at amortized cost:

Bonds:

U.S. Treasury securities and obligations of U.S. Government agencies

 $         1,862,291

 $          305,024

 $           (3,620)

 $         2,163,695

Obligations of states and political subdivisions

            1,858,861

             201,771

              (3,726)

            2,056,906

Corporate securities including public utilities

        124,811,868

        12,115,612

       (1,207,359)

        135,720,121

Mortgage-backed securities

            3,255,965

             232,136

              (1,147)

            3,486,954

Redeemable preferred stock

               612,023

               23,838

                     -  

               635,861

Total fixed maturity securities held to maturity

 $     132,401,008

 $     12,878,381

 $    (1,215,852)

 $     144,063,537

AsOfDecember312014Member  
Held-to-maturity Securities

 

Amortized Cost 

Gross Unrealized Gains

 Gross Unrealized Losses  

 Estimated Fair Value  

December 31, 2014:

 

 

 

 

Fixed maturity securities held to maturity carried at amortized cost:

Bonds:

U.S. Treasury securities and obligations of U.S. Government agencies

 $         1,873,146

 $          345,715

 $                    -

 $         2,218,861

Obligations of states and political subdivisions

            1,736,489

             221,893

              (5,278)

            1,953,104

Corporate securities including public utilities

        126,533,483

        15,841,536

          (980,357)

        141,394,662

Mortgage-backed securities

            4,263,206

             305,381

            (11,894)

            4,556,693

Redeemable preferred stock

               612,023

               22,032

                       -

               634,055

Total fixed maturity securities held to maturity

 $     135,018,347

 $     16,736,557

 $       (997,529)

 $     150,757,375