| Fair Value of Financial Instruments |
Fair Value of Financial Instruments The estimated fair values of the Company’s financial instruments, including their fair value level as of June 30, 2026 and December 31, 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | | | | | | | | | Fixed-maturity securities, held-to maturity, Level 1 | $ | 6,039,691 | | | $ | 5,065,341 | | | $ | 6,042,348 | | | $ | 5,137,267 | | Fixed-maturity securities, available-for-sale, Level 1 | $ | 152,747,467 | | | $ | 152,747,467 | | | $ | 130,873,872 | | | $ | 130,873,872 | | Fixed-maturity securities, available-for-sale, Level 2 | $ | 161,178,463 | | | $ | 161,178,463 | | | $ | 158,163,318 | | | $ | 158,163,318 | | | Cash and cash equivalents, Level 1 | $ | 16,924,856 | | | $ | 16,924,856 | | | $ | 12,178,730 | | | $ | 12,178,730 | | | Premiums receivable, net, Level 1 | $ | 19,284,233 | | | $ | 19,284,233 | | | $ | 21,012,408 | | | $ | 21,012,408 | | | Reinsurance receivables, net, Level 3 | $ | 53,310,542 | | | $ | 53,310,542 | | | $ | 58,996,945 | | | $ | 58,996,945 | | | Reinsurance balances payable, Level 3 | $ | 1,698,082 | | | $ | 1,698,082 | | | $ | 5,232,319 | | | $ | 5,232,319 | | | Debt - Equipment financing, Level 2 | $ | 3,801,148 | | | $ | 3,771,742 | | | $ | 4,440,127 | | | $ | 4,380,922 | |
|