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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
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 March 31, 2026 and December 31, 2025 indicating the level of the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
March 31, 2026
 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 $996,250 $- $- $996,250 
    
Political subdivisions of States, Territories and Possessions - 21,704,557 - 21,704,557 
     
Corporate and other bonds industrial and miscellaneous 135,447,416 - - 135,447,416 
     
Residential mortgage and other asset backed securities - 135,652,203 - 135,652,203 
Total fixed maturities 136,443,666 157,356,760 - 293,800,426 
Equity securities 9,839,800 - - 9,839,800 
Total investments, at fair value $146,283,466 $157,356,760 $- $303,640,226 
 December 31, 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 $1,007,190 $- $- $1,007,190 
    
Political subdivisions of States, Territories and Possessions - 21,773,433 - 21,773,433 
    
Corporate and other bonds industrial and miscellaneous 129,866,682 - - 129,866,682 
     
Residential mortgage and other asset backed securities - 136,389,885 - 136,389,885 
Total fixed maturities 130,873,872 158,163,318 - 289,037,190 
Equity securities 10,056,595 - - 10,056,595 
Total investments, at fair value $140,930,467 $158,163,318 $- $299,093,785 
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 March 31, 2026 and December 31, 2025. 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 March 31, 2026December 31, 2025
Other Investments
Hedge fund $3,756,749 $4,552,378