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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Premiums and policy fees $ 2,153,061 $ 2,299,063
Ceded reinsurance premiums and policy fees (646,149) (592,474)
Net investment income 4,459,368 1,959,667
Other income 61,323 94,735
Revenue before net investment gains (losses) 6,027,603 3,760,991
Net investment gains (losses):    
Other realized investment gains, net 4,780,149 145,046
Change in fair value of equity securities 8,154,629 20,179,879
Total net investment gains (losses) 12,934,778 20,324,925
Total revenue 18,962,381 24,085,916
Benefits, claims and settlement expenses:    
Life 4,660,797 3,994,851
Ceded reinsurance benefits and claims (987,431) (409,151)
Annuity 263,042 237,555
Dividends to policyholders 87,159 87,808
Commissions and amortization of deferred policy acquisition costs (25,669) (26,154)
Amortization of cost of insurance acquired 172,087 178,743
Operating expenses 2,918,323 2,103,377
Interest expense 11,974 0
Total benefits and other expenses 7,100,282 6,167,029
Income before income taxes 11,862,099 17,918,887
Income tax expense 2,643,062 3,720,168
Net income 9,219,037 14,198,719
Net income attributable to noncontrolling interests (26,714) (29,753)
Net income attributable to common shareholders $ 9,192,323 $ 14,168,966
Amounts attributable to common shareholders    
Basic income per share (in dollars per share) $ 2.90 $ 4.46
Diluted income per share (in dollars per share) $ 2.90 $ 4.46
Basic weighted average shares outstanding (in shares) 3,171,087 3,177,013
Diluted weighted average shares outstanding (in shares) 3,171,087 3,177,013