Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Measurements [Abstract]

Investments in Available-for-Sale Fixed Maturity and Equity Securities

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2021:

	Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	32,184,626	$	—	$	32,184,626	$	—
Obligations of states and political subdivisions		57,378,091		—		57,378,091		—
Corporate securities		221,611,275		—		221,611,275		—
Mortgage-backed securities		221,455,023		—		221,455,023		—
Equity securities		63,419,973		61,130,385		2,289,588		—
Total investments in the fair value hierarchy	$	596,048,988	$	61,130,385	$	534,918,603	$	—

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2020:

	Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	47,814,712	$	—	$	47,814,712	$	—
Obligations of states and political subdivisions		68,965,237		—		68,965,237		—
Corporate securities		212,708,063		—		212,708,063		—
Mortgage-backed securities		225,648,005		—		225,648,005		—
Equity securities		58,556,173		54,152,085		4,404,088		—
Total investments in the fair value hierarchy	$	613,692,190	$	54,152,085	$	559,540,105	$	—