XML 36 R26.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
The following table presents information about the Company’s investments that are measured at fair value on a recurring basis at September 30, 2025 and December 31, 2024 indicating the level of the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
September 30, 2025
 Level 1  Level 2  Level 3  Total
Fixed-maturity securities available-for-sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies $1,008,130 $- $- $1,008,130 
    
Political subdivisions of States, Territories and Possessions - 21,897,150 - 21,897,150 
     
Corporate and other bonds industrial and miscellaneous 120,614,647 - - 120,614,647 
     
Residential mortgage and other asset backed securities - 109,120,501 - 109,120,501 
Total fixed maturities 121,622,777 131,017,651 - 252,640,428 
Equity securities 10,409,833 - - 10,409,833 
Total investments, at fair value $132,032,610 $131,017,651 $- $263,050,261 
 December 31, 2024
 Level 1  Level 2  Level 3  Total
    
Fixed-maturity securities available-for-sale    
U.S. Treasury securities and obligations of U.S. government corporations and agencies $- $- $- $- 
    
Political subdivisions of States, Territories and Possessions - 20,873,097 - 20,873,097 
    
Corporate and other bonds industrial and miscellaneous 106,792,378 - - 106,792,378 
     
Residential mortgage and other asset backed securities - 59,227,963 - 59,227,963 
Total fixed maturities 106,792,378 80,101,060 - 186,893,438 
Equity securities 10,296,505 - - 10,296,505 
Total investments, at fair value $117,088,883 $80,101,060 $- $197,189,943 
Schedule of Hedge Fund Investments
The following table sets forth the Company’s investment in a hedge fund measured at Net Asset Value (“NAV”) per share as of September 30, 2025 and December 31, 2024. The Company measures this investment at fair value on a recurring basis. Fair value using NAV per share is as follows as of the dates indicated:
Category September 30, 2025December 31, 2024
Other Investments
Hedge fund $4,889,148 $4,380,656