Investments (Tables)

6 Months Ended

Jun. 30, 2015

Investments [Abstract]

Schedule of Available for Sale Investments

	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
June 30, 2015:
Fixed maturities:
U.S. government obligations	$	3,682,528	$	42,073	$	59,909	$	3,664,692
States and political subdivisions -- general obligations		393,070		-		8,809		384,261
States and political subdivisions -- special revenue		647,341		1,834		19,020		630,155
Corporate		15,929,095		1,425		851,242		15,079,278
Total fixed maturities		20,652,034		45,332		938,980		19,758,386
December 31, 2014:
Fixed maturities:
U.S. government obligations	$	3,670,531	$	124,573	$	22,350	$	3,772,754
States and political subdivisions -- general obligations		1,054,400		4,971		30,363		1,029,008
States and political subdivisions -- special revenue		1,254,184		2,699		35,033		1,221,850
Corporate		13,310,436		2,071		381,929		12,930,578
Total fixed maturities		19,289,551		134,314		469,675		18,954,190
Equity securities:
Preferred corporate stock		75,000		-		-		75,000
Total equity securities		75,000		-		-		75,000
Total	$	19,364,551	$	134,314	$	469,675	$	19,029,190

Schedule of Amortized Cost, Fair Value, Credit Rating

	Amortized		Estimated
	Cost		Fair Value		Credit Rating
June 30, 2015:
Fixed maturities:
States and political subdivisions -- general obligations
Maricopa County Arizona School District No. 31		337,675		331,043	AA-
States and political subdivisions -- special revenue
South Dakota EDL Enhancement Fdg Corp		173,267		171,051	A-
Jefferson Cnty Co Sch Dist		168,670		160,124	AA
Total	$	679,612	$	662,218
Credit Rating Source: Fidelity Brokerage Services LLC

Schedule of Unrealized Loss of Securities

	June 30, 2015						December 31, 2014
			Gross		Number				Gross		Number
	Estimated		Unrealized		of		Estimated		Unrealized		of
	Fair Value		Loss		Securities		Fair Value		Loss		Securities
Fixed Maturities:
Less than 12 months:
U.S. government obligations	$	1,786,016	$	55,643		11	$	107,273	$	3,963		1
States and political subdivisions --
special revenue		240,904		3,962		3		-		-		-
Corporate		11,746,837		708,486		81		8,253,570		261,055		47
Greater than 12 months:
U.S. government obligations		199,157		4,266		2		1,096,399		18,387		8
States and political subdivisions --
general obligations		384,261		8,809		2		709,176		30,363		4
States and political subdivisions --
special revenue		283,467		15,058		3		1,052,184		35,033		9
Corporate		3,160,773		142,756		21		3,874,046		120,874		31
Total securities	$	17,801,415	$	938,980		123	$	15,092,648	$	469,675		100

Schedule of Fixed Maturities

	Amortized		Estimated
	Cost		Fair Value
Due in one year or less	$	207,573	$	209,557
Due after one year through five years		2,401,201		2,428,766
Due after five years through ten years		9,975,868		9,514,184
Due after ten years		8,067,392		7,605,879
	$	20,652,034	$	19,758,386

Components of Net Investment Income

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Fixed maturities	$	161,652		$	102,218		$	320,615		$	161,187
Equity securities		162			-			186			-
Cash and short-term investments		1			321			2			1,703
Gain (loss) from equity method investments		(55,711	)		(111,861	)		(16,650	)		(226,407	)
Other		15,799			23,852			30,416			34,728
		121,903			14,530			334,569			(28,789	)
Less investment expenses		(21,782	)		(17,572	)		(38,824	)		(28,303	)
	$	100,121		$	(3,042	)	$	295,745		$	(57,092	)

Schedule of Mortgage Loan Activity

	Six months ended			Year ended
	June 30, 2015			December 31, 2014
Balance at beginning of period	$	349,386		$	665,569
Proceeds from payments on mortgage loans on real estate, held for investment		-			(3,931	)
Proceeds from settlement on mortgage loans on real estate, held for investment		(349,386	)		(312,252	)
Balance at end of period	$	-		$	349,386