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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 23,461,508 $ 12,976,216
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization (accretion) of investments (4,787) 55,126
Realized investment gains, net (3,548,793) (975,769)
Change in fair value of equity securities (28,213,466) (16,290,482)
Change in allowance from credit losses (15,000) 0
Amortization of cost of insurance acquired 152,537 153,542
Provision for deferred income taxes 4,739,351 3,750,347
Depreciation and depletion 494,447 375,893
Stock-based compensation 178,321 13,974
Charges for mortality and administration of universal life and annuity products (1,332,337) (1,354,014)
Interest credited to account balances 848,659 872,357
Change in accrued investment income (13,025) 184,152
Change in reinsurance receivables (2,621,734) 277,737
Change in policy liabilities and accruals 2,851,835 (1,523,417)
Change in income taxes receivable 1,521,280 47,948
Change in other assets and liabilities, net (1,097,667) (1,818,821)
Net cash used in operating activities (2,598,871) (3,255,211)
Proceeds from investments sold and matured:    
Fixed maturities available for sale 2,242,178 3,000,000
Equity securities 16,110,094 2,331,830
Mortgage loans 1,228,381 1,096,597
Notes receivable 455,703 95,403
Policy loans 245,920 248,124
Short-term investments 2,500,000 0
Total proceeds from investments sold and matured 22,782,276 6,771,954
Cost of investments acquired:    
Fixed maturities available for sale (1,706,386) 0
Equity securities (717,988) (9,131,704)
Mortgage loans (441,906) (675,112)
Notes receivable 0 (1,318,133)
Real estate 0 (465,800)
Policy loans (151,876) (202,355)
Total cost of investments acquired (3,018,156) (11,793,104)
Net cash (used in) provided by investing activities 19,764,120 (5,021,150)
Cash flows from financing activities:    
Policyholder contract deposits 1,013,884 1,025,008
Policyholder contract withdrawals (1,748,500) (1,158,017)
Purchase of treasury stock (195,773) (96,024)
Net cash used in financing activities (930,389) (229,033)
Net increase (decrease) in cash and cash equivalents 16,234,860 (8,505,394)
Cash and cash equivalents at beginning of period 30,536,972 45,263,967
Cash and cash equivalents at end of period $ 46,771,832 $ 36,758,573