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Investments (Tables)
 6 Months Ended
Jun. 30, 2025
Investments [Abstract]  
Investment in Fixed Maturity Securities
Investments in fixed maturity securities are summarized by type as follows:

June 30, 2025
  
Original or Amortized Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
Fair Value
  
U.S. Government and govt. agencies and authorities
  
$
22,346,479
    
$
35,217
    
$
(274,018
)
  
$
22,107,678
  
U.S. special revenue and assessments
    
7,519,578
      
0
      
(116,053
)
    
7,403,525
  
All other corporate bonds
    
45,694,332
      
126,339
      
(2,208,010
)
    
43,612,661
  
Total fixed maturities, at fair value
  
$
75,560,389
    
$
161,556
    
$
(2,598,081
)
  
$
73,123,864
  
                                 
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 June 30, 2025, by contractual maturity, is shown below.

Fixed Maturity Securities
June 30, 2025
  
Amortized Cost
    
Fair Value
  
Due in one year or less
  
$
6,699,260
    
$
6,669,778
  
Due after one year through five years
    
44,430,326
      
43,965,491
  
Due after five years through ten years
    
6,359,292
      
6,158,735
  
Due after ten years
    
18,071,511
      
16,329,860
  
Total
  
$
75,560,389
    
$
73,123,864
  
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:

June 30, 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
  
$
1,499,670
      
(509
)
    
10,537,535
    
$
(273,509
)
    
12,037,205
    
$
(274,018
)
U.S. Special Revenue and Assessments
    
0
      
0
      
7,403,525
      
(116,053
)
    
7,403,525
      
(116,053
)
All other corporate bonds
    
0
      
0
      
37,433,800
      
(2,208,010
)
    
37,433,800
      
(2,208,010
)
Total fixed maturities
  
$
1,499,670
      
(509
)
    
55,374,860
      
(2,597,572
)
    
56,874,530
    
$
(2,598,081
)

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 June 30, 2025
                  
Fixed maturities
    
1
      
33
      
34
  
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  June 30, 2025 and December 31, 2024:

  
June 30, 2025
    
December 31, 2024
  
Unrealized appreciation (depreciation) on available-for-sale securities
  
$
(2,436,525
)
  
$
(3,724,446
)
Deferred income taxes
    
511,670
      
782,133
  
Net unrealized appreciation (depreciation) on available-for-sale securities
  
$
(1,924,855
)
  
$
(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:

 
June 30, 2025
  
December 31, 2024
In good standing
$
15,277,962
  
$
16,277,981
Total mortgage loans
$
15,277,962
  
$
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:

  
June 30, 2025
    
December 31, 2024
  
Farm
  
$
316,808
    
$
321,774
  
Commercial
    
13,767,017
      
14,749,509
  
Residential
    
1,414,137
      
1,441,698
  
Total mortgage loans
    
15,497,962
      
16,512,981
  
Less allowance for credit losses
    
(220,000
)
    
(235,000
)
Total mortgage loans, net
  
$
15,277,962
    
$
16,277,981
  
Notes Receivables
The following is a summary of the notes receivable outstanding and the related allowance for credit losses:

  
June 30, 2025
    
December 31, 2024
  
Notes receivable
  
$
13,781,824
    
$
12,867,175
  
Less allowance for credit losses
    
(195,000
)
    
(195,000
)
Total notes receivable, net
  
$
13,586,824
    
$
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
  
(15,000)
  
0
  
5,000
    
(10,000)
June 30, 2025
$
220,000
  
195,000
  
55,000
  
$
470,000
Investment Real Estate by Type
The following table provides an allocation of the Company’s investment real estate by type:

  
June 30, 2025
    
December 31, 2024
  
Raw land
  
$
16,704,842
    
$
16,446,147
  
Commercial
    
4,641,843
      
6,269,217
  
Residential
    
1,915,064
      
1,932,390
  
Land, minerals and royalty interests
    
5,022,064
      
3,967,848
  
Total investment real estate
  
$
28,283,813
    
$
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
    
Six Months Ended
  
   
June 30,
    
June 30,
  
   
2025
    
2024
    
2025
    
2024
  
Realized gains:
                        
Sales of fixed maturities
  
$
412
    
$
-
    
$
412
    
$
-
  
Sales of equity securities
    
3,735
      
285,578
      
979,504
      
285,578
  
Sales of real estate
    
46,846
      
128,559
      
46,846
      
166,020
  
Sales of short-term investments
    
6
      
0
      
6
      
0
  
Total realized gains
    
50,999
      
414,137
      
1,026,768
      
451,598
  
Realized losses:
                                
Sales of equity securities
    
0
      
0
      
0
      
0
  
Sales of short-term investments
    
0
      
(17
)
    
0
      
(8
)
Total realized losses
    
0
      
(17
)
    
0
      
(8
)
      Net realized investment gains
    
50,999
      
414,120
      
1,026,768
      
451,590
  
Change in fair value of equity securities:
                                
Change in fair value of equity securities held at the end of the period
    
(1,256,918
)
    
5,362,125
      
15,033,564
      
17,738,388
  
Change in fair value of equity securities
    
(1,256,918
)
    
5,362,125
      
15,033,564
      
17,738,388
  
Net investment gains
  
$
(1,205,919
)
  
$
5,776,245
    
$
16,060,332
    
$
18,189,978
  
Change in net unrealized gains (losses) on available-for-sale investments included in other comprehensive income:
                                
Fixed maturities
  
$
365,715
    
$
(224,344
)
  
$
1,287,922
    
$
(1,009,232
)
Net increase (decrease)
  
$
365,715
    
$
(224,344
)
  
$
1,287,922
    
$
(1,009,232
)