| Segment Reporting [Table Text Block] |
| |
|
Three Months Ended June 30, (Unaudited)
|
|
|
Six Months Ended June 30, (Unaudited)
|
|
| |
|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Life insurance operations
|
|
$ |
14,083,296 |
|
|
$ |
13,374,112 |
|
|
$ |
27,104,612 |
|
|
$ |
25,640,280 |
|
|
Annuity operations
|
|
|
6,489,765 |
|
|
|
6,825,022 |
|
|
|
12,941,197 |
|
|
|
13,091,553 |
|
|
Corporate operations
|
|
|
870,509 |
|
|
|
2,182,518 |
|
|
|
1,558,395 |
|
|
|
3,259,514 |
|
|
Total
|
|
$ |
21,443,570 |
|
|
$ |
22,381,652 |
|
|
$ |
41,604,204 |
|
|
$ |
41,991,347 |
|
|
Income (loss) before income taxes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Life insurance operations
|
|
$ |
2,098,792 |
|
|
$ |
1,833,786 |
|
|
$ |
5,116,884 |
|
|
$ |
3,668,474 |
|
|
Annuity operations
|
|
|
(309,523 |
) |
|
|
175,828 |
|
|
|
(459,133 |
) |
|
|
(425,920 |
) |
|
Corporate operations
|
|
|
290,972 |
|
|
|
1,316,981 |
|
|
|
82,669 |
|
|
|
1,825,272 |
|
|
Total
|
|
$ |
2,080,241 |
|
|
$ |
3,326,595 |
|
|
$ |
4,740,420 |
|
|
$ |
5,067,826 |
|
|
Depreciation and amortization expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Life insurance operations
|
|
$ |
1,531,357 |
|
|
$ |
1,919,120 |
|
|
$ |
2,876,953 |
|
|
$ |
3,753,043 |
|
|
Annuity operations
|
|
|
584,980 |
|
|
|
588,931 |
|
|
|
1,123,736 |
|
|
|
1,173,944 |
|
|
Total
|
|
$ |
2,116,337 |
|
|
$ |
2,508,051 |
|
|
$ |
4,000,689 |
|
|
$ |
4,926,987 |
|
| |
|
(Unaudited)
|
|
| |
|
Three Months Ended June 30, 2026
|
|
| |
|
Life Insurance
|
|
|
Annuity
|
|
|
Corporate
|
|
|
|
|
|
| |
|
Operations
|
|
|
Operations
|
|
|
Operations
|
|
|
Total
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums
|
|
$ |
11,744,314 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
11,744,314 |
|
|
Net investment income
|
|
|
2,293,960 |
|
|
|
6,374,419 |
|
|
|
258,852 |
|
|
|
8,927,231 |
|
|
Net realized investment losses
|
|
|
(24,405 |
) |
|
|
(67,411 |
) |
|
|
|
|
|
|
(91,816 |
) |
|
Service fees and other income
|
|
|
69,427 |
|
|
|
182,757 |
|
|
|
611,657 |
|
|
|
863,841 |
|
|
Total revenue
|
|
|
14,083,296 |
|
|
|
6,489,765 |
|
|
|
870,509 |
|
|
|
21,443,570 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefits and claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in future policy benefits
|
|
|
4,054,616 |
|
|
|
- |
|
|
|
- |
|
|
|
4,054,616 |
|
|
Death benefits
|
|
|
4,095,473 |
|
|
|
- |
|
|
|
- |
|
|
|
4,095,473 |
|
|
Surrenders
|
|
|
882,726 |
|
|
|
- |
|
|
|
- |
|
|
|
882,726 |
|
|
Interest credited to policyholders
|
|
|
- |
|
|
|
4,969,653 |
|
|
|
- |
|
|
|
4,969,653 |
|
|
Dividend, endowment and supplementary life contract benefits
|
|
|
132,709 |
|
|
|
- |
|
|
|
- |
|
|
|
132,709 |
|
|
Total benefits and claims
|
|
|
9,165,524 |
|
|
|
4,969,653 |
|
|
|
- |
|
|
|
14,135,177 |
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Policy acquisition costs deferred net of amortization
|
|
|
(1,564,413 |
) |
|
|
(253,197 |
) |
|
|
- |
|
|
|
(1,817,610 |
) |
|
Amortization of value of insurance business acquired
|
|
|
44,096 |
|
|
|
44,096 |
|
|
|
- |
|
|
|
88,192 |
|
|
Commissions
|
|
|
3,035,083 |
|
|
|
798,341 |
|
|
|
- |
|
|
|
3,833,424 |
|
|
Other underwriting, insurance and acquisition expenses
|
|
|
1,304,214 |
|
|
|
1,240,395 |
|
|
|
579,537 |
|
|
|
3,124,146 |
|
|
Total expenses
|
|
|
2,818,980 |
|
|
|
1,829,635 |
|
|
|
579,537 |
|
|
|
5,228,152 |
|
|
Total benefits, claims and expenses
|
|
|
11,984,504 |
|
|
|
6,799,288 |
|
|
|
579,537 |
|
|
|
19,363,329 |
|
|
Income before federal income tax expense
|
|
$ |
2,098,792 |
|
|
$ |
(309,523 |
) |
|
$ |
290,972 |
|
|
$ |
2,080,241 |
|
| |
|
(Unaudited)
|
|
| |
|
Three Months Ended June 30, 2025
|
|
| |
|
Life Insurance
|
|
|
Annuity
|
|
|
Corporate
|
|
|
|
|
|
| |
|
Operations
|
|
|
Operations
|
|
|
Operations
|
|
|
Total
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums
|
|
$ |
10,985,721 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
10,985,721 |
|
|
Net investment income
|
|
|
2,317,562 |
|
|
|
6,609,583 |
|
|
|
184,093 |
|
|
|
9,111,238 |
|
|
Net realized investment gains and loss on impairments
|
|
|
(1,398 |
) |
|
|
(21,560 |
) |
|
|
- |
|
|
|
(22,958 |
) |
|
Service fees and other income
|
|
|
72,227 |
|
|
|
236,999 |
|
|
|
1,998,425 |
|
|
|
2,307,651 |
|
|
Total revenue
|
|
|
13,374,112 |
|
|
|
6,825,022 |
|
|
|
2,182,518 |
|
|
|
22,381,652 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefits and claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in future policy benefits
|
|
|
3,847,949 |
|
|
|
- |
|
|
|
- |
|
|
|
3,847,949 |
|
|
Death benefits
|
|
|
3,878,238 |
|
|
|
- |
|
|
|
- |
|
|
|
3,878,238 |
|
|
Surrenders
|
|
|
750,541 |
|
|
|
- |
|
|
|
- |
|
|
|
750,541 |
|
|
Interest credited to policyholders
|
|
|
- |
|
|
|
4,818,377 |
|
|
|
- |
|
|
|
4,818,377 |
|
|
Dividend, endowment and supplementary life contract benefits
|
|
|
101,740 |
|
|
|
- |
|
|
|
- |
|
|
|
101,740 |
|
|
Total benefits and claims
|
|
|
8,578,468 |
|
|
|
4,818,377 |
|
|
|
- |
|
|
|
13,396,845 |
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Policy acquisition costs deferred net of amortization
|
|
|
(988,803 |
) |
|
|
170,616 |
|
|
|
- |
|
|
|
(818,187 |
) |
|
Amortization of value of insurance business acquired
|
|
|
46,518 |
|
|
|
46,518 |
|
|
|
- |
|
|
|
93,036 |
|
|
Commissions
|
|
|
2,778,246 |
|
|
|
399,251 |
|
|
|
- |
|
|
|
3,177,497 |
|
|
Other underwriting, insurance and acquisition expenses
|
|
|
1,125,897 |
|
|
|
1,214,432 |
|
|
|
865,537 |
|
|
|
3,205,866 |
|
|
Total expenses
|
|
|
2,961,858 |
|
|
|
1,830,817 |
|
|
|
865,537 |
|
|
|
5,658,212 |
|
|
Total benefits, claims and expenses
|
|
|
11,540,326 |
|
|
|
6,649,194 |
|
|
|
865,537 |
|
|
|
19,055,057 |
|
|
Income before federal income tax expense
|
|
$ |
1,833,786 |
|
|
$ |
175,828 |
|
|
$ |
1,316,981 |
|
|
$ |
3,326,595 |
|
| |
|
(Unaudited)
|
|
| |
|
Six Months Ended June 30, 2026
|
|
| |
|
Life Insurance
|
|
|
Annuity
|
|
|
Corporate
|
|
|
|
|
|
| |
|
Operations
|
|
|
Operations
|
|
|
Operations
|
|
|
Total
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums
|
|
$ |
22,430,563 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
22,430,563 |
|
|
Net investment income
|
|
|
4,585,286 |
|
|
|
12,709,311 |
|
|
|
491,206 |
|
|
|
17,785,803 |
|
|
Net realized investment gains
|
|
|
21,419 |
|
|
|
56,878 |
|
|
|
- |
|
|
|
78,297 |
|
|
Service fees and other income
|
|
|
67,344 |
|
|
|
175,008 |
|
|
|
1,067,189 |
|
|
|
1,309,541 |
|
|
Total revenue
|
|
|
27,104,612 |
|
|
|
12,941,197 |
|
|
|
1,558,395 |
|
|
|
41,604,204 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefits and claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in future policy benefits
|
|
|
6,712,327 |
|
|
|
- |
|
|
|
- |
|
|
|
6,712,327 |
|
|
Death benefits
|
|
|
8,225,475 |
|
|
|
- |
|
|
|
- |
|
|
|
8,225,475 |
|
|
Surrenders
|
|
|
1,580,492 |
|
|
|
- |
|
|
|
- |
|
|
|
1,580,492 |
|
|
Interest credited to policyholders
|
|
|
- |
|
|
|
9,725,657 |
|
|
|
- |
|
|
|
9,725,657 |
|
|
Dividend, endowment and supplementary life contract benefits
|
|
|
232,319 |
|
|
|
- |
|
|
|
- |
|
|
|
232,319 |
|
|
Total benefits and claims
|
|
|
16,750,613 |
|
|
|
9,725,657 |
|
|
|
- |
|
|
|
26,476,270 |
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Policy acquisition costs deferred net of amortization
|
|
|
(2,937,211 |
) |
|
|
(263,559 |
) |
|
|
- |
|
|
|
(3,200,770 |
) |
|
Amortization of value of insurance business acquired
|
|
|
88,191 |
|
|
|
88,192 |
|
|
|
- |
|
|
|
176,383 |
|
|
Commissions
|
|
|
5,640,805 |
|
|
|
1,315,954 |
|
|
|
- |
|
|
|
6,956,759 |
|
|
Other underwriting, insurance and acquisition expenses
|
|
|
2,445,330 |
|
|
|
2,534,086 |
|
|
|
1,475,726 |
|
|
|
6,455,142 |
|
|
Total expenses
|
|
|
5,237,115 |
|
|
|
3,674,673 |
|
|
|
1,475,726 |
|
|
|
10,387,514 |
|
|
Total benefits, claims and expenses
|
|
|
21,987,728 |
|
|
|
13,400,330 |
|
|
|
1,475,726 |
|
|
|
36,863,784 |
|
|
Income before federal income tax expense
|
|
$ |
5,116,884 |
|
|
$ |
(459,133 |
) |
|
$ |
82,669 |
|
|
$ |
4,740,420 |
|
| |
|
(Unaudited)
|
|
| |
|
Six Months Ended June 30, 2025
|
|
| |
|
Life Insurance
|
|
|
Annuity
|
|
|
Corporate
|
|
|
|
|
|
| |
|
Operations
|
|
|
Operations
|
|
|
Operations
|
|
|
Total
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums
|
|
$ |
21,144,797 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
21,144,797 |
|
|
Net investment income
|
|
|
4,220,687 |
|
|
|
12,259,607 |
|
|
|
449,227 |
|
|
|
16,929,521 |
|
|
Net realized investment gains and loss on impairments
|
|
|
212,842 |
|
|
|
626,404 |
|
|
|
- |
|
|
|
839,246 |
|
|
Service fees and other income
|
|
|
61,954 |
|
|
|
205,542 |
|
|
|
2,810,287 |
|
|
|
3,077,783 |
|
|
Total revenue
|
|
|
25,640,280 |
|
|
|
13,091,553 |
|
|
|
3,259,514 |
|
|
|
41,991,347 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefits and claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in future policy benefits
|
|
|
6,387,866 |
|
|
|
- |
|
|
|
- |
|
|
|
6,387,866 |
|
|
Death benefits
|
|
|
7,843,231 |
|
|
|
- |
|
|
|
- |
|
|
|
7,843,231 |
|
|
Surrenders
|
|
|
1,526,108 |
|
|
|
- |
|
|
|
- |
|
|
|
1,526,108 |
|
|
Interest credited to policyholders
|
|
|
- |
|
|
|
9,589,981 |
|
|
|
- |
|
|
|
9,589,981 |
|
|
Dividend, endowment and supplementary life contract benefits
|
|
|
230,527 |
|
|
|
- |
|
|
|
- |
|
|
|
230,527 |
|
|
Total benefits and claims
|
|
|
15,987,732 |
|
|
|
9,589,981 |
|
|
|
- |
|
|
|
25,577,713 |
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Policy acquisition costs deferred net of amortization
|
|
|
(1,902,763 |
) |
|
|
537,214 |
|
|
|
- |
|
|
|
(1,365,549 |
) |
|
Amortization of value of insurance business acquired
|
|
|
93,036 |
|
|
|
93,036 |
|
|
|
- |
|
|
|
186,072 |
|
|
Commissions
|
|
|
5,295,597 |
|
|
|
581,743 |
|
|
|
- |
|
|
|
5,877,340 |
|
|
Other underwriting, insurance and acquisition expenses
|
|
|
2,498,204 |
|
|
|
2,715,499 |
|
|
|
1,434,242 |
|
|
|
6,647,945 |
|
|
Total expenses
|
|
|
5,984,074 |
|
|
|
3,927,492 |
|
|
|
1,434,242 |
|
|
|
11,345,808 |
|
|
Total benefits, claims and expenses
|
|
|
21,971,806 |
|
|
|
13,517,473 |
|
|
|
1,434,242 |
|
|
|
36,923,521 |
|
|
Income before federal income tax expense
|
|
$ |
3,668,474 |
|
|
$ |
(425,920 |
) |
|
$ |
1,825,272 |
|
|
$ |
5,067,826 |
|
|
| Segment Reporting, Reconciliation of Revenue by Segment to Consolidated [Table Text Block] |
| |
|
(Unaudited)
|
|
| |
|
Life Insurance
|
|
|
Annuity
|
|
|
Corporate
|
|
|
|
|
|
| |
|
Operations
|
|
|
Operations
|
|
|
Operations
|
|
|
Total
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums
|
|
$ |
758,593 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
758,593 |
|
|
Net investment income
|
|
|
(23,602 |
) |
|
|
(235,163 |
) |
|
|
74,758 |
|
|
|
(184,007 |
) |
|
Net realized investment gains and loss on impairments
|
|
|
(23,007 |
) |
|
|
(45,851 |
) |
|
|
- |
|
|
|
(68,858 |
) |
|
Service fees and other income
|
|
|
(2,800 |
) |
|
|
(54,243 |
) |
|
|
(1,386,767 |
) |
|
|
(1,443,810 |
) |
|
Total revenue
|
|
|
709,184 |
|
|
|
(335,257 |
) |
|
|
(1,312,009 |
) |
|
|
(938,082 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefits and claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in future policy benefits
|
|
|
206,667 |
|
|
|
- |
|
|
|
- |
|
|
|
206,667 |
|
|
Death benefits
|
|
|
217,235 |
|
|
|
- |
|
|
|
- |
|
|
|
217,235 |
|
|
Surrenders
|
|
|
132,185 |
|
|
|
- |
|
|
|
- |
|
|
|
132,185 |
|
|
Interest credited to policyholders
|
|
|
- |
|
|
|
151,276 |
|
|
|
- |
|
|
|
151,276 |
|
|
Dividend, endowment and supplementary life contract benefits
|
|
|
30,969 |
|
|
|
- |
|
|
|
- |
|
|
|
30,969 |
|
|
Total benefits and claims
|
|
|
587,056 |
|
|
|
151,276 |
|
|
|
- |
|
|
|
738,332 |
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Policy acquisition costs deferred net of amortization
|
|
|
(575,609 |
) |
|
|
(423,814 |
) |
|
|
- |
|
|
|
(999,423 |
) |
|
Amortization of value of insurance business acquired
|
|
|
(2,422 |
) |
|
|
(2,422 |
) |
|
|
- |
|
|
|
(4,844 |
) |
|
Commissions
|
|
|
256,837 |
|
|
|
399,090 |
|
|
|
- |
|
|
|
655,927 |
|
|
Other underwriting, insurance and acquisition expenses
|
|
|
178,316 |
|
|
|
25,964 |
|
|
|
(286,000 |
) |
|
|
(81,720 |
) |
|
Total expenses
|
|
|
(142,878 |
) |
|
|
(1,182 |
) |
|
|
(286,000 |
) |
|
|
(430,060 |
) |
|
Total benefits, claims and expenses
|
|
|
444,178 |
|
|
|
150,094 |
|
|
|
(286,000 |
) |
|
|
308,272 |
|
|
Income (loss) before federal income taxes
|
|
$ |
265,006 |
|
|
$ |
(485,351 |
) |
|
$ |
(1,026,009 |
) |
|
$ |
(1,246,354 |
) |
| |
|
(Unaudited)
|
|
| |
|
Life Insurance
|
|
|
Annuity
|
|
|
Corporate
|
|
|
|
|
|
| |
|
Operations
|
|
|
Operations
|
|
|
Operations
|
|
|
Total
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums
|
|
$ |
1,285,766 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,285,766 |
|
|
Net investment income
|
|
|
364,598 |
|
|
|
449,704 |
|
|
|
41,980 |
|
|
|
856,282 |
|
|
Net realized investment gains and loss on impairments
|
|
|
(191,422 |
) |
|
|
(569,527 |
) |
|
|
- |
|
|
|
(760,949 |
) |
|
Service fees and other income
|
|
|
5,390 |
|
|
|
(30,533 |
) |
|
|
(1,743,099 |
) |
|
|
(1,768,242 |
) |
|
Total revenue
|
|
|
1,464,332 |
|
|
|
(150,356 |
) |
|
|
(1,701,119 |
) |
|
|
(387,143 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefits and claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in future policy benefits
|
|
|
324,461 |
|
|
|
- |
|
|
|
- |
|
|
|
324,461 |
|
|
Death benefits
|
|
|
382,244 |
|
|
|
- |
|
|
|
- |
|
|
|
382,244 |
|
|
Surrenders
|
|
|
54,384 |
|
|
|
- |
|
|
|
- |
|
|
|
54,384 |
|
|
Interest credited to policyholders
|
|
|
- |
|
|
|
135,676 |
|
|
|
- |
|
|
|
135,676 |
|
|
Dividend, endowment and supplementary life contract benefits
|
|
|
1,792 |
|
|
|
- |
|
|
|
- |
|
|
|
1,792 |
|
|
Total benefits and claims
|
|
|
762,881 |
|
|
|
135,676 |
|
|
|
- |
|
|
|
898,557 |
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Policy acquisition costs deferred net of amortization
|
|
|
(1,034,448 |
) |
|
|
(800,773 |
) |
|
|
- |
|
|
|
(1,835,221 |
) |
|
Amortization of value of insurance business acquired
|
|
|
(4,844 |
) |
|
|
(4,845 |
) |
|
|
- |
|
|
|
(9,689 |
) |
|
Commissions
|
|
|
345,208 |
|
|
|
734,211 |
|
|
|
- |
|
|
|
1,079,419 |
|
|
Other underwriting, insurance and acquisition expenses
|
|
|
(52,875 |
) |
|
|
(181,412 |
) |
|
|
41,484 |
|
|
|
(192,803 |
) |
|
Total expenses
|
|
|
(746,959 |
) |
|
|
(252,819 |
) |
|
|
41,484 |
|
|
|
(958,294 |
) |
|
Total benefits, claims and expenses
|
|
|
15,922 |
|
|
|
(117,143 |
) |
|
|
41,484 |
|
|
|
(59,737 |
) |
|
Income (loss) before federal income taxes (benefits)
|
|
$ |
1,448,410 |
|
|
$ |
(33,213 |
) |
|
$ |
(1,742,603 |
) |
|
$ |
(327,406 |
) |
|