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Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Investment in Fixed Maturity Securities
Investments in fixed maturity securities are summarized by type as follows:

March 31, 2025
  
Original or Amortized Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
U.S. Government and govt. agencies and authorities
  
$
21,350,685
    
$
30,438
    
$
(346,542
)
  
$
21,034,581
  
U.S. special revenue and assessments
    
7,521,174
      
0
      
(174,921
)
    
7,346,253
  
All other corporate bonds
    
48,255,141
      
111,945
      
(2,423,160
)
    
45,943,926
  
Total fixed maturities, at fair value
  
$
77,127,000
    
$
142,383
    
$
(2,944,623
)
  
$
74,324,760
  
                                 
Held to maturity redeemable preferred stock, at amortized cost
  
$
2,500,000
    
$
0
    
$
0
    
$
2,500,000
  

December 31, 2024
  
Original or Amortized Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
U.S. Government and govt. agencies and authorities
  
$
21,354,053
    
$
1,484
    
$
(473,243
)
  
$
20,882,294
  
U.S. special revenue and assessments
    
7,522,751
      
0
      
(288,560
)
    
7,234,191
  
All other corporate bonds
    
51,327,728
      
47,632
      
(3,011,759
)
    
48,363,601
  
Total fixed maturities, at fair value
  
$
80,204,532
    
$
49,116
    
$
(3,773,562
)
  
$
76,480,086
  
                                 
Held to maturity redeemable preferred stock, at amortized cost
  
$
2,500,000
    
$
0
    
$
0
    
$
2,500,000
  
Fixed Maturity Securities by Contractual Maturity
The amortized cost and estimated market value of fixed maturity securities at March 31, 2025, by contractual maturity, is shown below.

Fixed Maturity Securities
March 31, 2025
  
Amortized Cost
    
Fair Value
  
Due in one year or less
  
$
9,200,235
    
$
9,138,113
  
Due after one year through five years
    
43,437,810
      
42,801,102
  
Due after five years through ten years
    
6,373,439
      
6,134,165
  
Due after ten years
    
18,115,516
      
16,251,380
  
Total
  
$
77,127,000
    
$
74,324,760
  
Estimated Fair Value and Gross Unrealized Losses of Fixed Maturity Securities in Unrealized Loss Position
The following tables present the estimated fair value and gross unrealized losses of fixed maturity securities in an unrealized loss position:

March 31, 2025
  
Less than 12 months
    
12 months or longer
    
Total
  
   
Fair value
    
Unrealized losses
    
Fair value
    
Unrealized losses
    
Fair value
    
Unrealized losses
  
U.S. Government and govt. agencies and authorities
  
$
1,000,270
      
(975
)
    
10,466,960
    
$
(345,567
)
    
11,467,230
    
$
(346,542
)
U.S. Special Revenue and Assessments
    
0
      
0
      
7,346,253
      
(174,921
)
    
7,346,253
      
(174,921
)
All other corporate bonds
    
523,275
      
(339
)
    
38,696,395
      
(2,422,821
)
    
39,219,670
      
(2,423,160
)
Total fixed maturities
  
$
1,523,545
      
(1,314
)
    
56,509,608
      
(2,943,309
)
    
58,033,153
    
$
(2,944,623
)

December 31, 2024
  
Less than 12 months
    
12 months or longer
    
Total
  
   
Fair value
    
Unrealized losses
    
Fair value
    
Unrealized losses
    
Fair value
    
Unrealized losses
  
U.S. Government and govt. agencies and authorities
  
$
10,022,087
      
(19,341
)
    
10,360,047
      
(453,902
)
    
20,382,134
    
$
(473,243
)
U.S. special revenue and assessments
    
0
      
0
      
7,234,191
      
(288,560
)
    
7,234,191
      
(288,560
)
All other corporate bonds
    
6,457,282
      
(38,492
)
    
38,176,295
      
(2,973,267
)
    
44,633,577
      
(3,011,759
)
Total fixed maturities
  
$
16,479,369
      
(57,833
)
    
55,770,533
      
(3,715,729
)
    
72,249,902
    
$
(3,773,562
)
Securities in Continuous Unrealized Loss Position
Additional information regarding investments in an unrealized loss position is as follows:

  
Less than 12 months
    
12 months or longer
    
Total
  
As of March 31, 2025
                  
Fixed maturities
    
2
      
33
      
35
  
As of December 31, 2024
                        
Fixed maturities
    
9
      
33
      
42
  
Net Unrealized Losses Included in Other Comprehensive Income (Loss)
Net unrealized losses included in other comprehensive income (loss) for investments classified as available-for-sale, net of the effect of deferred income taxes, assuming that the depreciation had been realized as of  March 31, 2025 and December 31, 2024:

  
March 31, 2025
    
December 31, 2024
  
Unrealized appreciation (depreciation) on available-for-sale securities
  
$
(2,802,240
)
  
$
(3,724,446
)
Deferred income taxes
    
588,470
      
782,133
  
Net unrealized appreciation (depreciation) on available-for-sale securities
  
$
(2,213,770
)
  
$
(2,942,313
)
Maximum and Minimum Lending Rates for Mortgage Loan
During 2025 and 2024, the maximum and minimum lending rates for mortgage loans were:

  
2025
    
2024
  
   
Maximum rate
    
Minimum rate
    
Maximum rate
    
Minimum rate
  
Farm Loans
    
8.00
%
    
8.00
%
    
8.00
%
    
8.00
%
Commercial Loans
    
10.00
%
    
4.00
%
    
10.00
%
    
4.00
%
Residential Loans
    
5.00
%
    
4.15
%
    
5.00
%
    
4.15
%
Summary of Mortgage Loans Holdings
The following table summarizes the mortgage loan holdings of the Company:

 
March 31, 2025
  
December 31, 2024
In good standing
$
15,861,496
  
$
16,277,981
Total mortgage loans
$
15,861,496
  
$
16,277,981
Summary of Mortgage Loans Outstanding and Related Allowance for Credit Losses
The following is a summary of the mortgage loans outstanding and the related allowance for credit losses:

  
March 31, 2025
    
December 31, 2024
  
Farm
  
$
316,808
    
$
321,774
  
Commercial
    
14,346,797
      
14,749,509
  
Residential
    
1,427,891
      
1,441,698
  
Total mortgage loans
    
16,091,496
      
16,512,981
  
Less allowance for credit losses
    
(230,000
)
    
(235,000
)
Total mortgage loans, net
  
$
15,861,496
    
$
16,277,981
  
Notes Receivables
The following is a summary of the notes receivable outstanding and the related allowance for credit losses:

  
March 31, 2025
    
December 31, 2024
  
Notes receivable
  
$
14,089,905
    
$
12,867,175
  
Less allowance for credit losses
    
(195,000
)
    
(195,000
)
Total notes receivable, net
  
$
13,894,905
    
$
12,672,175
  
Allowance for Credit Loss
The following is a summary of activity related to the allowance for credit loss:

   
Allowance For Credit Losses
   
Mortgage
  
Notes
  
Unfunded
      
   
Loans
  
Receivable
  
Commitments
    
Total
January 1, 2024
$
274,000
  
250,000
  
51,000
  
$
575,000
2024 Change in allowance
  
(39,000)
  
(55,000)
  
(1,000)
    
(95,000)
December 31, 2024
  
235,000
  
195,000
  
50,000
    
480,000
2025 Change in allowance
  
(5,000)
  
0
  
5,000
    
0
March 31, 2025
$
230,000
  
195,000
  
55,000
  
$
480,000
Investment Real Estate by Type
The following table provides an allocation of the Company’s investment real estate by type:

  
March 31, 2025
    
December 31, 2024
  
Raw land
  
$
16,746,147
    
$
16,446,147
  
Commercial
    
4,683,185
      
6,269,217
  
Residential
    
1,923,726
      
1,932,390
  
Land, minerals and royalty interests
    
5,352,449
      
3,967,848
  
Total investment real estate
  
$
28,705,507
    
$
28,615,602
  
Net Investment Gains (Losses) and Change in Net Unrealized Gains (Losses) on Investments
The following table presents net investment gains (losses) and the change in net unrealized gains on available-for-sale investments. 

  
Three Months Ended
  
   
March 31,
  
   
2025
    
2024
  
Realized gains:
            
Sales of real estate
  
$
0
    
$
37,461
  
Sales of equity securities
    
975,769
      
0
  
Sales of short-term investments
    
0
      
9
  
Total realized gains
    
975,769
      
37,470
  
Realized losses:
                
Sales of equity securities
    
0
      
0
  
Sales of short-term investments
    
0
      
0
  
Total realized losses
    
0
      
0
  
Net realized investment gains
    
975,769
      
37,470
  
Change in fair value of equity securities:
                
Change in fair value of equity securities held at the end of the period
    
16,290,482
      
12,376,263
  
Change in fair value of equity securities
    
16,290,482
      
12,376,263
  
Net investment gains
  
$
17,266,251
    
$
12,413,733
  
Change in net unrealized gains (losses) on available-for-sale investments included in other comprehensive income:
                
Fixed maturities
  
$
922,207
    
$
(784,888
)
Net increase (decrease)
  
$
922,207
    
$
(784,888
)