XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Premiums and policy fees $ 1,846,187 $ 1,925,873 $ 3,760,504 $ 3,925,958
Ceded reinsurance premiums and policy fees (808,154) (502,822) (1,270,467) (1,032,583)
Net investment income 3,480,217 4,326,467 6,598,953 7,279,849
Other income 82,100 86,702 148,281 154,969
Revenue before net investment gains (losses) 4,600,350 5,836,220 9,237,271 10,328,193
Net investment gains:        
Other realized investment gains, net 50,999 414,120 1,026,768 451,590
Change in fair value of equity securities (1,256,918) 5,362,125 15,033,564 17,738,388
Total net investment gains (losses) (1,205,919) 5,776,245 16,060,332 18,189,978
Total revenue 3,394,431 11,612,465 25,297,603 28,518,171
Benefits, claims and settlement expenses:        
Life 3,371,390 2,594,722 6,772,397 6,239,173
Ceded reinsurance benefits and claims (231,645) (183,518) (848,031) (1,348,870)
Annuity 250,213 252,357 494,179 504,092
Dividends to policyholders 76,489 80,098 157,638 161,375
Commissions and amortization of deferred policy acquisition costs (23,385) (25,202) (53,075) (55,485)
Amortization of cost of insurance acquired 153,541 158,954 307,083 317,908
Operating expenses 1,971,646 2,126,516 4,091,980 4,208,238
Interest expense 0 0 0 11,600
Total benefits and other expenses 5,568,249 5,003,927 10,922,171 10,038,031
Income before income taxes (2,173,818) 6,608,538 14,375,432 18,480,140
Income tax expense (benefit) (428,854) 1,248,039 3,322,136 3,850,845
Net income (loss) (1,744,964) 5,360,499 11,053,296 14,629,295
Net income attributable to noncontrolling interests (24,342) (29,191) (47,915) (58,208)
Net income attributable to common shareholders $ (1,769,306) $ 5,331,308 $ 11,005,381 $ 14,571,087
Amounts attributable to common shareholders        
Basic income per share (in dollars per share) $ (0.56) $ 1.68 $ 3.49 $ 4.6
Diluted income per share (in dollars per share) $ (0.56) $ 1.68 $ 3.49 $ 4.6
Basic weighted average shares outstanding (in shares) 3,153,773 3,169,060 3,155,152 3,169,216
Diluted weighted average shares outstanding (in shares) 3,153,773 3,169,060 3,155,152 3,169,216