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Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Schedule of available for sale securities
The amortized cost, estimated fair value, and gross unrealized gains and losses on investments in fixed-maturity securities classified as available-for-sale for which an allowance for credit losses has not been recorded, as of March 31, 2025 and December 31, 2024 are summarized as follows:
March 31, 2025
Cost or
Amortized
Cost 		Gross
Unrealized
Gains 		Gross Unrealized Losses Estimated
Fair
Value
Net
Unrealized
Losses
Category Less than 12
Months		More than 12
Months
 
Fixed-Maturity Securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies
$4,991,733 $17 $- $- $4,991,750 $17 
      
Political subdivisions of States, Territories and Possessions (1)
24,267,119 62,010 - (2,945,087)21,384,042 (2,883,077)
      
Corporate and other bonds industrial and miscellaneous (1)
109,603,106 22,136 (495,587)(3,992,684)105,136,971 (4,466,135)
      
Residential mortgage and other asset backed securities (1) (2) 78,020,973 300,333 (17,773)(5,533,927)72,769,606 (5,251,367)
Total fixed-maturity securities $216,882,931 $384,496 $(513,360)$(12,471,698)$204,282,369 $(12,600,562)
December 31, 2024
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized LossesEstimated
Fair
Value
Net
Unrealized
Losses
CategoryLess than 12
Months		More than 12
Months
Fixed-Maturity Securities:       
U.S. Treasury securities and obligations of U.S. government corporations and agencies (1) $- $- $- $- $- $- 
     
Political subdivisions of States, Territories and Possessions (1) 24,271,177 - (73,589)(3,324,491)20,873,097 (3,398,080)
       
Corporate and other bonds industrial and miscellaneous (1)112,507,436 - (1,024,461)(4,690,597)106,792,378 (5,715,058)
       
Residential mortgage and other asset backed securities (1) (2) 65,529,545 119,647 (209,890)(6,211,339)59,227,963 (6,301,582)
Total fixed-maturity securities $202,308,158 $119,647 $(1,307,940)$(14,226,427)$186,893,438 $(15,414,720)
(1)In October 2022, KICO placed certain U.S. Treasury securities to fulfill the required collateral for a sale-leaseback transaction in a designated custodian account (see Note 7 – Debt - “Equipment Financing”). As of December 31, 2024 KICO had sold its U.S. Treasury securities and replaced a portion of its other fixed-maturity securities in the designated custodian account. As of March 31, 2025 and December 31, 2024, the amount of required collateral was approximately $4,885,000 and $5,308,000, respectively. As of March 31, 2025 and December 31, 2024, the estimated fair value of the eligible collateral was approximately $4,885,000 and $5,308,000, respectively.
(2)KICO has placed certain residential mortgage backed securities as eligible collateral in a designated custodian account related to its membership in the Federal Home Loan Bank of New York (“FHLBNY”) (see Note 7 – Debt – “Federal Home Loan Bank”). The eligible collateral would be pledged to FHLBNY if KICO draws an advance from the FHLBNY credit line. As of March 31, 2025 and December 31, 2024, the estimated fair value of the eligible investments was approximately $10,102,000 and $10,130,000, respectively. KICO will retain all rights regarding all securities if pledged as collateral. As of March 31, 2025 and December 31, 2024, there was no outstanding balance on the FHLBNY credit line.
Schedule of available for sale fixed maturity securities contractual maturity
A summary of the amortized cost and estimated fair value of the Company’s investments in available-for-sale fixed-maturity securities by contractual maturity as of March 31, 2025 and December 31, 2024 is shown below:
 March 31, 2025December 31, 2024
Remaining Time to Maturity Cost or
Amortized
Cost 		Estimated
Fair Value 		Cost or
Amortized
Cost 		Estimated
Fair Value
     
Less than one year $14,233,483 $14,152,704 $9,522,262 $9,484,834 
One to five years 71,166,281 69,636,281 68,052,387 66,141,372 
Five to ten years 34,473,244 31,412,159 38,159,446 34,068,922 
More than 10 years 18,988,950 16,311,619 21,044,518 17,970,347 
Residential mortgage and other asset backed securities 78,020,973 72,769,606 65,529,545 59,227,963 
Total $216,882,931 $204,282,369 $202,308,158 $186,893,438 
Schedule of equity securities
The cost and estimated fair value of, and gross unrealized gains and losses on, investments in equity securities as of March 31, 2025 and December 31, 2024 are as follows:
 March 31, 2025
Category  Cost Gross
Unrealized
Gains 		Gross
Unrealized
Losses 		Estimated
Fair Value
 
Equity Securities:
Preferred stocks $9,750,322 $- $(2,668,147)$7,082,175 
Fixed income exchange traded funds 3,711,232 - (756,232)2,955,000 
FHLBNY common stock 66,000 - - 66,000 
Total $13,527,554 $- $(3,424,379)$10,103,175 
December 31, 2024
Category CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
   
Equity Securities:     
Preferred stocks $9,750,322 $- $(2,422,617)$7,327,705 
Fixed income exchange traded funds 3,711,232 - (808,432)2,902,800 
FHLBNY common stock 66,000 - - 66,000 
Total $13,527,554 $- $(3,231,049)$10,296,505 
Schedule of other investments
The cost and estimated fair value of, and gross gains on, the Company’s other investments as of March 31, 2025 and December 31, 2024 are as follows:
March 31, 2025December 31, 2024
Category  Cost
Gross Unrealized
Gains
Estimated
Fair Value 		 Cost
Gross Unrealized
Gains
Estimated
Fair Value
Other Investments:
Hedge fund $1,987,040 $2,450,693 $4,437,733 $1,987,040 $2,393,616 $4,380,656 
Schedule of held-to-maturity securities
The cost or amortized cost and estimated fair value of, and unrealized gross gains and losses on, investments in held-to-maturity fixed-maturity securities as of March 31, 2025 and December 31, 2024 are summarized as follows:
March 31, 2025
Cost or
Amortized
Cost 		Gross
Unrealized
Gains
Gross Unrealized Losses
Estimated
Fair
Value
Net
Unrealized
Gains/
(Losses)
Category Less than 12
Months
More than 12
Months
   
Held-to-Maturity Securities:      
U.S. Treasury securities $1,229,249 $381 $(17,103)$(10,865)$1,201,662 $(27,587)
       
Political subdivisions of States, Territories and Possessions499,859 - (39)- 499,820 (39)
       
Exchange traded debt 304,111 - - (60,111)244,000 (60,111)
       
Corporate and other bonds industrial and miscellaneous5,012,804 - - (981,799)4,031,005 (981,799)
Total $7,046,023 $381 $(17,142)$(1,052,775)$5,976,487 $(1,069,536)
 December 31, 2024
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Estimated
Fair
Value
Net
Unrealized
Gains/
(Losses)
Gross Unrealized Losses
CategoryLess than 12
Months
More than 12
Months
   
Held-to-Maturity Securities:       
U.S. Treasury securities $1,229,170 $— $(39,630)$(15,990)$1,173,550 $(55,620)
       
Political subdivisions of States, Territories and Possessions499,719 — (654)- 499,065 (654)
       
Exchange traded debt 304,111 - - (55,611)248,500 (55,611)
       
Corporate and other bonds industrial and miscellaneous5,014,342 - - (976,192)4,038,150 (976,192)
Total $7,047,342 $— $(40,284)$(1,047,793)$5,959,265 $(1,088,077)
Schedule of held to maturity securities by contractual maturity
A summary of the amortized cost and estimated fair value of the Company’s investments in held-to-maturity securities by contractual maturity as of March 31, 2025 and December 31, 2024 is shown below:
March 31, 2025December 31, 2024
Remaining Time to Maturity Cost or
Amortized
Cost 		Estimated
Fair Value		Cost or
Amortized
Cost 		Estimated
Fair Value
   
Less than one year $499,859 $499,820 $499,719 $499,065 
One to five years 2,053,225 1,949,757 622,375 600,288 
Five to ten years — — 1,427,579 1,323,600 
More than 10 years 4,492,939 3,526,910 4,497,669 3,536,312 
Total $7,046,023 $5,976,487 $7,047,342 $5,959,265 
Schedule of investment income
Major categories of the Company’s net investment income are summarized as follows:
 Three months ended
March 31,
 20252024
Income:
Fixed-maturity securities $1,931,298 $1,182,629 
Equity securities 123,435 177,169 
Cash and cash equivalents 40,661 196,137 
Total 2,095,394 1,555,935 
Expenses:   
Investment expenses 46,798 53,075 
Net investment income $2,048,596 $1,502,860 
Schedule of net gains (losses) on investments
The Company’s net gains (losses) on investments are summarized as follows:
 Three months ended
March 31,
 20252024
 Realized (Losses) Gains   
  
Fixed-maturity securities:   
Gross realized gains$788 $84 
Gross realized losses(2,514)(2,951)
 (1,726)(2,867)
   
Equity securities:   
Gross realized gains- 5,120 
Gross realized losses- (94,610)
 - (89,490)
   
 Net realized losses (1,726)(92,357)
   
 Unrealized (Losses) Gains   
  
Equity Securities:   
Gross gains- 641,722 
Gross losses(193,330)- 
 (193,330)641,722 
   
Other Investments:   
Gross gains57,077 177,026 
Gross losses- - 
 57,077 177,026 
   
 Net unrealized (losses) gains (136,253)818,748 
   
 Net (losses) gains on investments $(137,979)$726,391 
Schedule of available-for-sale securities with unrealized losses
The Company held available-for-sale securities with unrealized losses representing declines that were considered temporary at March 31, 2025 as follows:
 March 31, 2025
 Less than 12 months12 months or moreTotal
Category Estimated
Fair
Value 		Unrealized
Losses 		No. of
Positions
Held 		Estimated
Fair
Value 		Unrealized
Losses		No. of
Positions
Held		Estimated
Fair
Value		Unrealized
Losses
    
Available-for-Sale Securities:       
      
U.S. Treasury securities and obligations of U.S. government corporations and agencies $- $- - $- - - $- $- 
         
Political subdivisions of States, Territories and Possessions - - - 13,539,593 (2,945,087)12 13,539,593 (2,945,087)
         
Corporate and other bonds industrial and miscellaneous 51,949,158 (495,587)60 51,520,947 (3,992,684)63 103,470,105 (4,488,271)
         
Residential mortgage and other asset backed securities 5,884,488 (17,773)8 35,096,038 (5,533,927)36 40,980,526 (5,551,700)
        
Total fixed-maturity securities $57,833,646 $(513,360)68 $100,156,578 $(12,471,698)111 $157,990,224 $(12,985,058)
The Company held available-for-sale securities with unrealized losses representing declines that were considered temporary at December 31, 2024 as follows:
December 31, 2024
Less than 12 months12 months or moreTotal
Category Estimated
Fair
Value		Unrealized
Losses		No. of
Positions
Held		Estimated
Fair
Value		Unrealized
Losses		No. of
Positions
Held		Estimated
Fair
Value		Unrealized
Losses
Available-for-Sale Securities:       
U.S. Treasury securities and obligations of U.S. government corporations and agencies $- $- - $- - - $- $- 
Political subdivisions of States, Territories and Possessions 7,705,370 (73,589)6 13,167,726 (3,324,491)12 20,873,096 (3,398,080)
Corporate and other bonds industrial and miscellaneous 51,411,296 (1,024,461)60 55,381,083 (4,690,597)68 106,792,379 (5,715,058)
        
Residential mortgage and other asset backed securities 19,315,521 (209,890)22 35,206,442 (6,211,339)36 54,521,963 (6,421,229)
         
Total fixed-maturity securities $78,432,187 $(1,307,940)88 $103,755,251 $(14,226,427)116 $182,187,438 $(15,534,367)