5. Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Schedule of Fair Value of Financial Instruments

The estimated fair values of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 are as follows:

	September 30, 2015		December 31, 2014
	Carrying Value	Fair Value	Carrying Value	Fair Value
Fixed-maturity securities held-to-maturity	$ 5,137,198	$ 5,273,419	$ 5,128,735	$ 5,395,054
Cash and cash equivalents	6,731,629	6,731,629	9,906,878	9,906,878
Premiums receivable	10,832,446	10,832,446	8,946,899	8,946,899
Receivables - reinsurance contracts	2,285,356	2,285,356	1,301,549	1,301,549
Reinsurance receivables	31,171,559	31,171,559	35,575,276	35,575,276
Real estate, net of accumulated depreciation	1,723,759	1,925,000	1,762,345	1,816,122
Reinsurance balances payable	1,342,213	1,342,213	2,096,363	2,096,363