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Investments (Tables)
 6 Months Ended
Jun. 30, 2026
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 June 30, 2026 and December 31, 2025 are summarized as follows:
June 30, 2026
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
$1,498,106 $- $(10,291)$- $1,487,815 $(10,291)
Political subdivisions of States, Territories and Possessions (1)
24,116,616 48,398 - (2,582,468)21,582,546 (2,534,070)
Corporate and other bonds industrial and miscellaneous (1)
154,932,078 98,550 (1,112,828)(2,658,148)151,259,652 (3,672,426)
Residential mortgage and other asset backed securities (1) (2) 144,169,245 593,520 (733,952)(4,432,896)139,595,917 (4,573,328)
Total fixed-maturity securities $324,716,045 $740,468 $(1,857,071)$(9,673,512)$313,925,930 $(10,790,115)
December 31, 2025
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) $997,124 $10,066 $- $- $1,007,190 $10,066 
Political subdivisions of States, Territories and Possessions (1) 24,125,578 182,580 - (2,534,725)21,773,433 (2,352,145)
Corporate and other bonds industrial and miscellaneous (1)131,958,643 567,410 (118,901)(2,540,470)129,866,682 (2,091,961)
Residential mortgage and other asset backed securities (1) (2) 139,656,710 1,273,816 (62,968)(4,477,673)136,389,885 (3,266,825)
Total fixed-maturity securities $296,738,055 $2,033,872 $(181,869)$(9,552,868)$289,037,190 $(7,700,865)
(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 June 30, 2026 and December 31, 2025, the amount of required collateral was approximately $2,770,000 and $3,616,000, respectively. As
of June 30, 2026 and December 31, 2025, the estimated fair value of the eligible collateral was approximately $2,770,000 and $3,616,000, 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 June 30, 2026 and December 31, 2025, the estimated fair value of the eligible investments was approximately $9,117,000 and $9,598,000, respectively. KICO will retain all rights regarding all securities if pledged as collateral. As of June 30, 2026 and December 31, 2025, 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 June 30, 2026 and December 31, 2025 is shown below:
June 30, 2026December 31, 2025
Remaining Time to Maturity Cost or
Amortized
Cost 		Estimated
Fair Value 		Cost or
Amortized
Cost 		Estimated
Fair Value
Less than one year $12,012,425 $12,002,575 $6,039,179 $6,052,600 
One to five years 83,206,786 81,502,952 76,122,161 75,365,535 
Five to ten years 67,415,790 65,260,051 54,998,070 53,590,654 
More than 10 years 17,911,799 15,564,435 19,921,935 17,638,516 
Residential mortgage and other asset backed securities 144,169,245 139,595,917 139,656,710 136,389,885 
Total $324,716,045 $313,925,930 $296,738,055 $289,037,190 
Schedule of Equity Securities
The cost and estimated fair value of, and gross unrealized gains and losses on, investments in equity securities as of June 30, 2026 and December 31, 2025 are as follows:
June 30, 2026
Category  Cost Gross
Unrealized
Gains 		Gross
Unrealized
Losses 		Estimated
Fair Value
Equity Securities:
Preferred stocks $9,750,322 $- $(3,031,122)$6,719,200 
Fixed income exchange traded funds 3,711,232 - (756,832)2,954,400 
FHLBNY common stock 136,900 - - 136,900 
Total $13,598,454 $- $(3,787,954)$9,810,500 
December 31, 2025
Category CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Equity Securities:
Preferred stocks $9,750,322 $- $(2,765,627)$6,984,695 
Fixed income exchange traded funds 3,711,232 - (724,432)2,986,800 
FHLBNY common stock 85,100 - - 85,100 
Total $13,546,654 $- $(3,490,059)$10,056,595 
Schedule of Other Investments
The cost and estimated fair value of, and gross gains on, the Company’s other investments as of June 30, 2026 and December 31, 2025 are as follows:
June 30, 2026December 31, 2025
Category  Cost
Gross Unrealized
Gains
Estimated
Fair Value 		 Cost
Gross Unrealized
Gains
Estimated
Fair Value
Other Investments:
Hedge fund $1,987,040 $2,293,482 $4,280,522 $1,987,040 $2,565,338 $4,552,378 
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 June 30, 2026 and December 31, 2025 are summarized as follows:
June 30, 2026
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
Held-to-Maturity Securities:
U.S. Treasury securities $1,229,652 $- $(5,009)$(30,717)$1,193,926 $(35,726)
Exchange traded debt 304,111 - - (67,861)236,250 (67,861)
Corporate and other bonds industrial and miscellaneous4,505,928 - - (870,763)3,635,165 (870,763)
Total $6,039,691 $- $(5,009)$(969,341)$5,065,341 $(974,350)
December 31, 2025
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Estimated
Fair
Value
Net
Unrealized
Losses
Gross Unrealized Losses
CategoryLess than 12
Months
More than 12
Months
Held-to-Maturity Securities:
U.S. Treasury securities $1,229,490 $- $(3,070)$(22,083)$1,204,337 $(25,153)
Exchange traded debt 304,111 - - (62,111)242,000 (62,111)
Corporate and other bonds industrial and miscellaneous4,508,747 - - (817,817)3,690,930 (817,817)
Total $6,042,348 $- $(3,070)$(902,011)$5,137,267 $(905,081)
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 June 30, 2026 and December 31, 2025 is shown below:
June 30, 2026December 31, 2025
Remaining Time to Maturity Cost or
Amortized
Cost 		Estimated
Fair Value		Cost or
Amortized
Cost 		Estimated
Fair Value
Less than one year $499,772 $494,655 $- $- 
One to five years 1,570,465 1,522,172 2,063,366 2,029,462 
Five to ten years - - - - 
More than 10 years 3,969,454 3,048,514 3,978,982 3,107,805 
Total $6,039,691 $5,065,341 $6,042,348 $5,137,267 
Schedule of Investment Income
Major categories of the Company’s net investment income are summarized as follows:
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Income:
Fixed-maturity securities $3,392,166 $2,130,385 $6,663,141 $4,061,683 
Equity securities 123,682 123,203 247,213 246,638 
Cash and cash equivalents 27,357 103,147 78,333 143,808 
Total 3,543,205 2,356,735 6,988,687 4,452,129 
Expenses:
Investment expenses 114,476 56,468 222,377 103,266 
Net investment income $3,428,729 $2,300,267 $6,766,310 $4,348,863 
Schedule of Net Gain (Losses) on Investments
The Company’s net gains (losses) on investments are summarized as follows:
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
 Realized Gains (Losses)
Fixed-maturity securities:
Gross realized gains$401 $54 $1,743 $842 
Gross realized losses(202,729)(4,132)(206,994)(6,646)
 Net realized losses (202,328)(4,078)(205,251)(5,804)
 Unrealized Gains (Losses)
Equity Securities:
Gross gains- - - - 
Gross losses(81,100)(95,176)(297,895)(288,506)
(81,100)(95,176)(297,895)(288,506)
Other Investments:
Gross gains523,773 645,705 - 702,782 
Gross losses- - (271,856)- 
523,773 645,705 (271,856)702,782 
 Net unrealized gains (losses)442,673 550,529 (569,751)414,276 
 Net gains (losses) on investments $240,345 $546,451 $(775,002)$408,472 
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 June 30, 2026 as follows:
June 30, 2026
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 $1,487,815 $(10,291)2 $- $- - $1,487,815 $(10,291)
Political subdivisions of States, Territories and Possessions - - - 13,863,574 (2,582,468)12 13,863,574 (2,582,468)
Corporate and other bonds industrial and miscellaneous 103,239,199 (1,112,828)117 30,041,135 (2,658,148)33 133,280,334 (3,770,976)
Residential mortgage and other asset backed securities 69,019,763 (733,952)79 25,776,802 (4,432,896)30 94,796,565 (5,166,848)
Total fixed-maturity securities $173,746,777 $(1,857,071)198 $69,681,511 $(9,673,512)75 $243,428,288 $(11,530,583)
The Company held available-for-sale securities with unrealized losses representing declines that were considered temporary at December 31, 2025 as follows:
December 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:
Political subdivisions of States, Territories and Possessions $- $- - $13,926,802 $(2,534,725)12 $13,926,802 $(2,534,725)
Corporate and other bonds industrial and miscellaneous 21,525,673 (118,901)24 34,677,856 (2,540,470)38 56,203,529 (2,659,371)
Residential mortgage and other asset backed securities 18,055,734 (62,968)20 29,673,084 (4,477,673)31 47,728,818 (4,540,641)
Total fixed-maturity securities $39,581,407 $(181,869)44 $78,277,742 $(9,552,868)81 $117,859,149 $(9,734,737)