| Allocation of Oil and Gas Investments by Type |
The
Company owns a variety of investments associated with the oil and gas industry.
These investments represent approximately 37%
and 35%
of the Company’s total invested assets as of June 30, 2026
and December 31, 2025,
respectively. | | | | | | | | | | | | | | | | | Land, Minerals & | | | | | | | | | | | June 30, 2026 | | | Royalty Interests | | | | Exploration | | | | Total | | | Fixed maturities, at fair value | | $ | 0 | | | $ | 1,038,460 | | | $ | 1,038,460 | | | Equity securities, at fair value | | | 153,831,581 | | | | 0 | | | | 153,831,581 | | | Equity securities, at cost | | | 3,326,613 | | | | 0 | | | | 3,326,613 | | | Investment real estate | | | 9,110,629 | | | | 0 | | | | 9,110,629 | | | Total | | $ | 166,268,823 | | | $ | 1,038,460 | | | $ | 167,307,283 | |
| | | | | | | | | | | | | | | | | Land, Minerals & | | | | | | | | | | | December 31, 2025 | | | Royalty Interests | | | | Exploration | | | | Total | | | Fixed maturities, at fair value | | $ | 0 | | | $ | 1,061,720 | | | $ | 1,061,720 | | | Equity securities, at fair value | | | 136,129,315 | | | | 0 | | | | 136,129,315 | | | Equity securities, at cost | | | 3,904,565 | | | | 0 | | | | 3,904,565 | | | Investment real estate | | | 9,879,784 | | | | 0 | | | | 9,879,784 | | | Notes receivable | | | 1,875,000 | | | | 0 | | | | 1,875,000 | | | Total | | $ | 151,788,664 | | | $ | 1,061,720 | | | $ | 152,850,384 | |
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