Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenue: | ||||
| Premiums and policy fees | $ 1,761,200 | $ 1,846,187 | $ 3,557,889 | $ 3,760,504 |
| Ceded reinsurance premiums and policy fees | (804,009) | (808,154) | (1,229,285) | (1,270,467) |
| Net investment income | 4,718,614 | 3,480,217 | 8,013,950 | 6,598,953 |
| Other income | 64,159 | 82,100 | 128,765 | 148,281 |
| Revenue before net investment gains | 5,739,964 | 4,600,350 | 10,471,319 | 9,237,271 |
| Net investment gains (losses): | ||||
| Other realized investment gains, net | 5,907,301 | 50,999 | 9,456,094 | 1,026,768 |
| Change in fair value of equity securities | 2,250,531 | (1,256,918) | 30,463,997 | 15,033,564 |
| Total net investment gains (losses) | 8,157,832 | (1,205,919) | 39,920,091 | 16,060,332 |
| Total revenue | 13,897,796 | 3,394,431 | 50,391,410 | 25,297,603 |
| Benefits, claims and settlement expenses: | ||||
| Life | 2,911,774 | 3,164,509 | 9,742,162 | 6,340,255 |
| Ceded reinsurance benefits and claims | (272,202) | (231,645) | (3,170,490) | (848,031) |
| Annuity | 244,118 | 250,213 | 497,111 | 494,179 |
| Dividends to policyholders | 73,784 | 76,489 | 148,094 | 157,638 |
| Commissions and amortization of deferred policy acquisition costs | (24,738) | (23,385) | (50,787) | (53,075) |
| Amortization of cost of insurance acquired | 152,536 | 153,541 | 305,073 | 307,083 |
| Operating expenses | 2,802,239 | 1,971,646 | 5,175,816 | 4,091,980 |
| Total benefits and other expenses | 5,887,511 | 5,361,368 | 12,646,979 | 10,490,029 |
| Income (loss) before income taxes | 8,010,285 | (1,966,937) | 37,744,431 | 14,807,574 |
| Income tax expense (benefit) | 1,665,750 | (385,409) | 7,938,388 | 3,412,886 |
| Net income (loss) | 6,344,535 | (1,581,528) | 29,806,043 | 11,394,688 |
| Net income attributable to noncontrolling interests | (23,627) | (24,342) | (48,267) | (47,915) |
| Net income (loss) attributable to common shareholders | $ 6,320,908 | $ (1,605,870) | $ 29,757,776 | $ 11,346,773 |
| Amounts attributable to common shareholders | ||||
| Basic income (loss) per share (in Dollars per share) | $ 2.01 | $ (0.51) | $ 9.48 | $ 3.6 |
| Diluted income (loss) per share (in Dollars per share) | $ 2 | $ (0.51) | $ 9.42 | $ 3.6 |
| Basic weighted average shares outstanding (in Shares) | 3,138,781 | 3,153,773 | 3,140,092 | 3,155,152 |
| Diluted weighted average shares outstanding (in Shares) | 3,157,633 | 3,153,773 | 3,158,383 | 3,155,152 |
| X | ||||||||||
- Definition The adjustment that represents the periodic charge against earnings to reduce the value of business acquired (VOBA) over the expected life of the underlying insurance contracts. VOBA reflects the estimated fair value of a life insurance business in force and represents the portion of the cost to acquire the business that is allocated to the value of the right to receive future cash flows from insurance contracts existing at the date of acquisition. Such value is the present value of the actuarially determined projected cash flows for the acquired policies. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of unrealized and realized gain (loss) on investment in debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized gain (loss) from sale of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) included in earnings for investments classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, before effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of expense for dividends to policyholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of recovery (expense) related to provision for policy benefits and costs incurred for policies assumed and ceded. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Cost incurred for ceded reinsurance premiums and policy fees. No definition available.
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- Definition Amount of expense related to commissions and amortization of deferred policy acquisition costs. No definition available.
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- Definition Provision for annuities contracts future policy benefits, claims incurred and costs incurred in the claims settlement process before the effects of reinsurance arrangements. No definition available.
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- Definition Premiums earned on the income statement for all insurance and reinsurance contracts and premiums assumed from other insurers. No definition available.
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- Definition Revenue recognized during the period before net realized investment gains and losses. No definition available.
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