Equity (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Equity [Abstract] |
|
| Summary of Activities in Shares of Capital Stock |
The
following table summarizes the activity in shares of capital stock.
Summary of Activities in Shares of Capital Stock
| | |
Class A | | |
Class C | |
| Outstanding shares at December 31, 2025 (1) | |
| 23,551,670 | | |
| 3,767,672 | |
| | |
| | | |
| | |
| Exercise of stock options | |
| 25,434 | | |
| 21,596 | |
| Vesting of restricted stock units | |
| 6,706 | | |
| - | |
| Conversion of Class C to Class A | |
| 138 | | |
| (138 | ) |
| | |
| | | |
| | |
| Outstanding shares at June 30, 2026 (1) | |
| 23,583,948 | | |
| 3,789,130 | |
| | |
| | | |
| | |
| Outstanding shares at December 31, 2024 (1) | |
| 23,444,604 | | |
| 3,673,109 | |
| Outstanding shares, beginning | |
| 23,444,604 | | |
| 3,673,109 | |
| | |
| | | |
| | |
| Exercise of stock options | |
| 66,273 | | |
| 95,337 | |
| Vesting of restricted stock units | |
| 3,547 | | |
| - | |
| Conversion of Class C to Class A | |
| 395 | | |
| (395 | ) |
| | |
| | | |
| | |
| Outstanding shares at June 30, 2025 (1) | |
| 23,514,819 | | |
| 3,768,051 | |
| Outstanding shares, ending | |
| 23,514,819 | | |
| 3,768,051 | |
| (1) | Adjusted retroactively for the effect of annual stock dividends |
|
| Schedule of Changes in Accumulated Other Comprehensive Income (Loss) |
The
following table summarizes the changes in accumulated other comprehensive income (loss):
Schedule
of Changes in Accumulated Other Comprehensive Income (Loss)
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| Unrealized gains (losses) on fixed maturity securities available for sale | |
$ | (314,801 | ) | |
$ | 2,721,438 | | |
$ | (4,482,485 | ) | |
$ | 6,710,220 | |
| Amounts reclassified into net earnings | |
| (159,026 | ) | |
| 50,796 | | |
| (307,652 | ) | |
| (76,729 | ) |
| Net unrealized gains (losses) before taxes | |
| (473,827 | ) | |
| 2,772,234 | | |
| (4,790,137 | ) | |
| 6,633,491 | |
| Tax (expense) benefit | |
| 101,297 | | |
| (581,839 | ) | |
| 1,010,277 | | |
| (1,393,520 | ) |
| Net | |
| (372,530 | ) | |
| 2,190,395 | | |
| (3,779,860 | ) | |
| 5,239,971 | |
| Unrealized gains (losses) on restricted assets (1) | |
| 896 | | |
| (4,819 | ) | |
| (2,361 | ) | |
| (532 | ) |
| Tax (expense) benefit | |
| (223 | ) | |
| 1,200 | | |
| 588 | | |
| 132 | |
| Net | |
| 673 | | |
| (3,619 | ) | |
| (1,773 | ) | |
| (400 | ) |
| Unrealized gains (losses) on cemetery perpetual care trust investments (1) | |
| 85 | | |
| (1,150 | ) | |
| 366 | | |
| 1,665 | |
| Unrealized gains (losses) | |
| 85 | | |
| (1,150 | ) | |
| 366 | | |
| 1,665 | |
| Tax (expense) benefit | |
| (21 | ) | |
| 287 | | |
| (91 | ) | |
| (415 | ) |
| Net | |
| 64 | | |
| (863 | ) | |
| 275 | | |
| 1,250 | |
| Interest rate remeasurement of future policy benefits | |
| (1,632,362 | ) | |
| (2,038,836 | ) | |
| 12,903,719 | | |
| (10,161,681 | ) |
| Tax (expense) benefit | |
| 342,797 | | |
| 428,155 | | |
| (2,709,780 | ) | |
| 2,133,955 | |
| Net | |
| (1,289,565 | ) | |
| (1,610,681 | ) | |
| 10,193,939 | | |
| (8,027,726 | ) |
| Other comprehensive income (loss) changes | |
$ | (1,661,358 | ) | |
$ | 575,232 | | |
$ | 6,412,581 | | |
$ | (2,786,905 | ) |
| (1) | Fixed maturity securities available for sale |
|
| Schedule of Accumulated Balances of Other Comprehensive Income |
The
following table presents the accumulated balances of other comprehensive income (loss) as of June 30, 2026:
Schedule
of Accumulated Balances of Other Comprehensive Income
| | |
Beginning
Balance
December 31, 2025 | | |
Change for
the period | | |
Ending Balance
June 30,
2026 | |
| Unrealized gains (losses) on fixed maturity securities available for sale | |
$ | 752,551 | | |
$ | (3,779,860 | ) | |
$ | (3,027,309 | ) |
| Unrealized gains (losses) on restricted assets (1) | |
| 669 | | |
| (1,773 | ) | |
| (1,104 | ) |
| Unrealized gains (losses) on cemetery perpetual care trust investments (1) | |
| (1,613 | ) | |
| 275 | | |
| (1,338 | ) |
| Interest rate remeasurement of future policy benefits | |
| 28,010,516 | | |
| 10,193,939 | | |
| 38,204,455 | |
| Other comprehensive income | |
$ | 28,762,123 | | |
$ | 6,412,581 | | |
$ | 35,174,704 | |
| (1) | Fixed maturity securities available for sale |
The
following table presents the accumulated balances of other comprehensive income (loss) as of December 31, 2025:
| | |
Beginning
Balance
December 31, 2024 | | |
Change for
the period | | |
Ending
Balance
December 31,
2025 | |
| Unrealized gains (losses) on fixed maturity securities available for sale | |
$ | (7,147,384 | ) | |
$ | 7,899,935 | | |
$ | 752,551 | |
| Unrealized gains (losses) on restricted assets (1) | |
| (4,126 | ) | |
| 4,795 | | |
| 669 | |
| Unrealized gains (losses) on cemetery perpetual care trust investments (1) | |
| (5,225 | ) | |
| 3,612 | | |
| (1,613 | ) |
| Interest rate remeasurement of future policy benefits | |
| 40,876,364 | | |
$ | (12,865,848 | ) | |
| 28,010,516 | |
| Other comprehensive income (loss) | |
$ | 33,719,629 | | |
$ | (4,957,506 | ) | |
$ | 28,762,123 | |
| (1) | Fixed maturity securities available for sale |
|