| Schedule of 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 | |
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