Investments (Tables)

3 Months Ended

Mar. 31, 2026

Investments [Abstract]

Investment in Fixed Maturity Securities

Investments in fixed maturity securities are summarized by type as follows:

		Original or Amortized		Gross Unrealized		Gross Unrealized
March 31, 2026		Cost		Gains		Losses			Fair Value
U.S. Government and govt. agencies and authorities	$	22,843,918	$	23,851	$	(159,801	)	$	22,707,968
U.S. special revenue and assessments		7,514,694		0		(99,155	)		7,415,539
All other corporate bonds		43,972,364		89,444		(2,011,050	)		42,050,758
Total fixed maturities, at fair value	$	74,330,976	$	113,295	$	(2,270,006	)	$	72,174,265

		Original or Amortized		Gross Unrealized		Gross Unrealized
December 31, 2025		Cost		Gains		Losses			Fair Value
U.S. Government and govt. agencies and authorities	$	22,839,422	$	60,190	$	(148,886	)	$	22,750,726
U.S. special revenue and assessments		7,516,321		0		(62,399	)		7,453,922
All other corporate bonds		44,545,247		148,195		(1,738,501	)		42,954,941
Total fixed maturities, at fair value	$	74,900,990	$	208,385	$	(1,949,786	)	$	73,159,589

Fixed Maturity Securities by Contractual Maturity

The amortized cost and estimated market value of fixed maturity securities at March 31, 2026, by contractual maturity, is shown below

March 31, 2026		Amortized Cost		Fair Value
Due in one year or less	$	26,613,198	$	26,514,612
Due after one year through five years		25,184,612		25,021,098
Due after five years through ten years		7,960,994		7,498,425
Due after ten years		14,572,172		13,140,130
Total	$	74,330,976	$	72,174,265

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, 2026	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	$	5,667,112	$	(36,513	)	$	6,987,201	$	(123,288	)	$	12,654,313	$	(159,801	)
U.S. special revenue and assessments		0		0			7,415,539		(99,155	)		7,415,539		(99,155	)
All other corporate bonds		2,059,175		(13,172	)		33,390,720		(1,997,878	)		35,449,895		(2,011,050	)
Total fixed maturities	$	7,726,287	$	(49,685	)	$	47,793,460	$	(2,220,321	)	$	55,519,747	$	(2,270,006	)

December 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	$	996,280	$	(2,040	)	$	8,663,797	$	(146,846	)	$	9,660,077	$	(148,886	)
U.S. special revenue and assessments		0		0			7,453,922		(62,399	)		7,453,922		(62,399	)
All other corporate bonds		0		0			34,265,250		(1,738,501	)		34,265,250		(1,738,501	)
Total fixed maturities	$	996,280	$	(2,040	)	$	50,382,969	$	(1,947,746	)	$	51,379,249	$	(1,949,786	)

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, 2026
Fixed maturities	6	27	33
As of December 31, 2025
Fixed maturities	1	29	30

Net Unrealized Losses Included in Other Comprehensive Income (Loss)

Net unrealized losses included in accumulated 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, 2026 and December 31, 2025:

		March 31, 2026			December 31, 2025
Unrealized appreciation (depreciation) on available-for-sale securities	$	(2,156,711	)	$	(1,741,400	)
Deferred income taxes		452,909			365,693
Net unrealized appreciation (depreciation) on available-for-sale securities	$	(1,703,802	)	$	(1,375,707	)

Maximum and Minimum Lending Rates for Mortgage Loan

During 2026 and 2025, the maximum and minimum lending rates for mortgage loans were:

	2026					2025
		Maximum rate		Minimum rate			Maximum rate		Minimum rate
Farm Loans		8.00	%	8.00	%		8.00	%	8.00	%
Commercial Loans		10.00	%	4.40	%		10.00	%	4.40	%
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, 2026		December 31, 2025
In good standing	$	13,625,829	$	14,402,304
Total mortgage loans	$	13,625,829	$	14,402,304

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, 2026			December 31, 2025
Farm	$	311,780		$	311,780
Commercial		12,152,977			12,928,334
Residential		1,371,072			1,382,190
Total mortgage loans		13,835,829			14,622,304
Less allowance for credit losses		(210,000	)		(220,000	)
Total mortgage loans, net	$	13,625,829		$	14,402,304

Notes Receivables

The following is a summary of the notes receivable outstanding and the related allowance for credit losses:

		March 31, 2026			December 31, 2025
Notes receivable	$	8,387,713		$	8,843,417
Less allowance for credit losses		(130,000	)		(135,000	)
Total notes receivable, net	$	8,257,713		$	8,708,417

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, 2025	$	235,000		195,000		50,000		$	480,000
2025 Change in allowance		(15,000	)	(60,000	)	(20,000	)		(95,000	)
December 31, 2025		220,000		135,000		30,000			385,000
2026 Change in allowance		(10,000	)	(5,000	)	(5,000	)		(20,000	)
March 31, 2026	$	210,000		130,000		25,000		$	365,000

Investment Real Estate by Type

The following table provides an allocation of the Company’s investment real estate by type:

		March 31, 2026		December 31, 2025
Raw land	$	16,754,842	$	16,754,842
Commercial		6,200,264		6,245,872
Residential		1,889,084		1,897,744
Land, minerals and royalty interests		7,749,062		8,189,241
Total investment real estate	$	32,593,252	$	33,087,699

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,
		2026			2025
Realized gains:
Sales of fixed maturities	$	42,178		$	0
Sales of equity securities		3,506,615			975,769
Total realized gains		3,548,793			975,769
Realized losses:
Total realized losses		0			0
Net realized investment gains		3,548,793			975,769
Change in fair value of equity securities:
Change in fair value of equity securities held at the end of the period		28,213,466			16,290,482
Change in fair value of equity securities		28,213,466			16,290,482
Net investment gains	$	31,762,259		$	17,266,251
Change in net unrealized gains (losses) on available-for-sale investments included in other comprehensive income:
Fixed maturities	$	(415,310	)	$	922,207
Net increase (decrease)	$	(415,310	)	$	922,207