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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Premiums and policy fees $ 2,299,063 $ 2,355,755
Ceded reinsurance premiums and policy fees (592,474) (680,440)
Net investment income 1,959,667 2,830,186
Other income 94,735 59,042
Revenue before net investment gains (losses) 3,760,991 4,564,543
Net investment gains (losses):    
Other realized investment gains, net 145,046 (117,000)
Change in fair value of equity securities 20,179,879 (17,392,937)
Total net investment gains (losses) 20,324,925 (17,509,937)
Total revenue 24,085,916 (12,945,394)
Benefits, claims and settlement expenses:    
Life 3,994,851 3,540,361
Ceded reinsurance benefits and claims (409,151) (634,943)
Annuity 237,555 232,488
Dividends to policyholders 87,808 94,315
Commissions and amortization of deferred policy acquisition costs (26,154) (35,117)
Amortization of cost of insurance acquired 178,743 186,213
Operating expenses 2,103,377 1,986,692
Total benefits and other expenses 6,167,029 5,370,009
Income (loss) before income taxes 17,918,887 (18,315,403)
Income tax (benefit) expense 3,720,168 (3,368,582)
Net income (loss) 14,198,719 (14,946,821)
Net income attributable to noncontrolling interests (29,753) (32,240)
Net income (loss) attributable to common shareholders $ 14,168,966 $ (14,979,061)
Amounts attributable to common shareholders    
Basic income (loss) per share (in dollars per share) $ 4.46 $ (4.58)
Diluted income (loss) per share (in dollars per share) $ 4.46 $ (4.58)
Basic weighted average shares outstanding (in shares) 3,177,013 3,274,093
Diluted weighted average shares outstanding (in shares) 3,177,013 3,274,093