v3.26.1
Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Text Block Supplement [Abstract]  
Schedule of Debt Securities, Available-for-sale

Investments in fixed maturity securities available-for-sale as of December 31, 2025 and 2024 are summarized as follows:

 

       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
December 31, 2025  Cost   Gains   Losses   Value 
Fixed maturity securities                
Corporate bonds  $4,315,636   $14,164   $146,783   $4,183,017 
Total fixed maturity securities  $4,315,636   $14,164   $146,783   $4,183,017 

 

       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
December 31, 2024  Cost   Gains   Losses   Value 
Fixed maturity securities                
Corporate bonds  $5,488,966   $4,299   $302,363   $5,190,902 
Total fixed maturity securities  $5,488,966   $4,299   $302,363   $5,190,902 
Schedule of Unrealized Gain (Loss) on Investments

For securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of December 31, 2025 and 2024 are summarized as follows:

 

       Unrealized   Number of 
December 31, 2025  Fair Value   Loss   Securities 
Fixed maturity securities            
Less than 12 months            
Corporate bonds  $201,924   $933    1 
                
Greater than 12 months               
Corporate bonds   2,434,870    145,850    18 
Total fixed maturity securities  $2,636,794   $146,783    19 

 

       Unrealized   Number of 
December 31, 2024  Fair Value   Loss   Securities 
Fixed maturity securities            
Less than 12 months            
Corporate bonds  $1,151,503   $34,531    8 
                
Greater than 12 months               
Corporate bonds   3,934,517    267,832    33 
Total fixed maturity securities  $5,086,020   $302,363    41 
Schedule of Gain (Loss) on Securities

Net unrealized losses included in accumulated other comprehensive loss for investments classified as available-for-sale are summarized as follows:

 

   December 31,
2025		   December 31,
2024		 
Unrealized appreciation (depreciation) on available-for-sale securities  $(132,619)  $(298,064)
Net unrealized appreciation (depreciation) on available-for-sale securities  $(132,619)  $(298,064)
Schedule of Investments Classified by Contractual Maturity Date

The amortized cost and fair value of fixed maturity available-for-sale securities as of December 31, 2025, by contractual maturity, are summarized as follows:

 

   Amortized
Cost		   Fair Value 
Due in one year or less  $837,708   $838,702 
Due after one year through five years   1,651,733    1,654,457 
Due after five years through ten years   474,883    452,959 
Due after ten years   1,351,312    1,236,899 
Total fixed maturity securities  $4,315,636   $4,183,017 
   Amortized
Cost		   Fair Value 
Due in one year or less  $490,089   $495,737 
Due after one year through five years   598,230    610,077 
Due after five years through ten years   43,014    46,111 
Total other long-term investments  $1,131,333   $1,151,925 
Schedule of Investment Holdings, Schedule of Investments

Other long-term investments by geographic distribution:

 

   December 31,
2025		   %   December 31,
2024		   % 
California  $151,151    13.3%  $222,946    13.4%
Florida   152,662    13.5    172,147    10.3 
Georgia   56,322    5.0    80,877    4.9 
Indiana   28,234    2.5    36,582    2.2 
Massachusetts   510,547    45.1    739,269    44.3 
New York   64,564    5.7    171,806    10.3 
Ohio   39,321    3.5    69,288    4.1 
Oregon   24,655    2.2    47,863    2.9 
Pennsylvania   103,877    9.2    126,979    7.6 
Total  $1,131,333    100.0%  $1,667,757    100.0%
State  December 31,
2025		   %   December 31,
2024		   % 
Alabama  $1,084,493    12.2%  $1,085,886    9.0%
Arizona   129,750    1.5    130,769    1.1 
California   314,445    3.5    337,378    2.8 
Florida   920,063    10.4    1,343,833    11.2 
Georgia   242,161    2.7    246,738    2.1 
Illinois   168,262    1.9    266,637    2.2 
Indiana   203,797    2.3    621,855    5.2 
Kentucky   686,690    7.7    702,819    5.8 
Louisiana   79,713    0.9    376,698    3.1 
Missouri   245,317    2.8    1,535,057    12.8 
New Jersey   191,490    2.2    193,268    1.6 
Ohio   386,314    4.4    165,719    1.4 
Pennsylvania   -    -    109,450    0.9 
South Carolina   258,239    2.9    321,322    2.7 
Tennessee   1,407,054    15.9    1,607,106    13.3 
Texas   2,539,753    28.7    2,937,172    24.4 
Wisconsin   -    -    55,023    0.4 
Total  $8,857,541    100.0%  $12,036,730    100.0%
Schedule of Mortgage Loan on Real Estate

The Company utilizes the ratio of the carrying value of individual mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). Currently, all of the Company’s mortgage loans are loans on residential properties. The Company’s mortgage loans on real estate by credit quality using this ratio as of December 31, 2025 and 2024 are summarized as follows:

 

Loan-to-value ratio  December 31,
2025		   December 31,
2024		 
80% to 90%  $-   $415,469 
70% to 80%   1,904,460    3,067,864 
60% to 70%   3,318,453    4,781,520 
50% to 60%   1,897,324    1,803,956 
Less than 50%   1,737,304    1,967,921 
Total  $8,857,541   $12,036,730 
Schedule of Financing Receivable, Past Due

There was one mortgage loan with a principal balance of $206,076 that was 90 days or more past due and still accruing interest as of December 31, 2025. There was one mortgage loan with a principal balance of $305,848 that was 90 days or more past due and still accruing interest as of December 31, 2024. The Company had a mortgage loan allowance of $43,842 and $59,662 as of December 31, 2025 and 2024, respectively.

 

   December 31,
2025		   December 31,
2024		 
Beginning of year: mortgage loan allowance balance  $59,662   $74,663 
Current year change in provision of estimated mortgage loan losses   (15,820)   (15,001)
End of year: mortgage loan allowance balance  $43,842   $59,662 
Schedule of Investment Income

Major categories of net investment income for the years ended December 31, 2025 and 2024 are summarized as follows:

 

   For the Years Ended
December 31,		 
   2025   2024 
         
Fixed maturity securities  $220,350   $243,366 
Other long-term assets   101,007    179,565 
Mortgage loans   836,474    1,045,182 
Short-term and other investments   165,839    442,701 
Gross investment income   1,323,670    1,910,814 
Investment expenses   (68,742)   (48,775)
Net investment income  $1,254,928   $1,862,039