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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Premiums and policy fees $ 2,503,205 $ 2,649,971
Ceded reinsurance premiums and policy fees (517,055) (738,965)
Net investment income 3,112,024 3,068,118
Other income 63,838 60,935
Revenue before net investment gains (losses) 5,162,012 5,040,059
Net investment gains (losses):    
Other-than-temporary impairments 0 0
Other realized investment gains, net 1,113,698 534,242
Change in fair value of equity securities 14,787,631 4,129,236
Total net investment gains (losses) 15,901,329 4,663,478
Total revenue 21,063,341 9,703,537
Benefits, claims and settlement expenses:    
Life 3,427,200 4,168,794
Ceded reinsurance benefits and claims (474,622) (688,412)
Annuity 197,670 256,884
Dividends to policyholders 103,599 126,999
Commissions and amortization of deferred policy acquisition costs (24,542) (40,571)
Amortization of cost of insurance acquired 193,977 201,516
Operating expenses 2,144,389 2,085,819
Total benefits and other expenses 5,567,671 6,111,029
Income before income taxes 15,495,670 3,592,508
Income tax expense 3,697,058 905,763
Net income 11,798,612 2,686,745
Net income attributable to noncontrolling interests (153,733) (29,500)
Net income attributable to common shareholders $ 11,644,879 $ 2,657,245
Amounts attributable to common shareholders    
Basic income per share (in dollars per share) $ 3.53 $ 0.80
Diluted income per share (in dollars per share) $ 3.53 $ 0.80
Basic weighted average shares outstanding (in shares) 3,297,353 3,325,111
Diluted weighted average shares outstanding (in shares) 3,297,353 3,325,111