| Accounting Standards Update and Change in Accounting Principle [Table Text Block] |
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As Previously
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ASU 2018-12
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Post ASU 2018-12
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Financial Statement Caption
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Reported
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Adoption Impact
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Adoption
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Consolidated Statements of Operations
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Six Months Ended June 30, 2025
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Increase in future policy benefits
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$ |
7,143,671 |
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$ |
(755,805 |
) |
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$ |
6,387,866 |
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Amortization of deferred policy acquisition costs
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5,193,070 |
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(452,155 |
) |
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4,740,915 |
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Amortization of value of insurance business acquired
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91,783 |
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94,289 |
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186,072 |
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Deferred federal income tax expense (benefits)
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(124,295 |
) |
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233,871 |
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109,576 |
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Net income
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3,063,551 |
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879,800 |
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3,943,351 |
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Net income per common share:
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Class A
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$ |
0.3235 |
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$ |
0.0929 |
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$ |
0.4164 |
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Class B
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0.2750 |
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0.0789 |
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0.3539 |
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Consolidated Statements of Comprehensive Income
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Six Months Ended June 30, 2025
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Net income
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$ |
3,063,551 |
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$ |
879,800 |
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$ |
3,943,351 |
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Adjustment to deferred acquisition costs
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1,162 |
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(1,162 |
) |
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- |
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Remeasurement gains (losses) on future policy benefit related to discount rate
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- |
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(556,033 |
) |
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(556,033 |
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Federal income tax expense (benefit)
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929,564 |
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(116,523 |
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813,041 |
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Total other comprehensive income
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3,496,933 |
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(438,348 |
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3,058,585 |
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Total comprehensive income
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6,560,484 |
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441,452 |
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7,001,936 |
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