v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Premiums $ 11,744,314 $ 10,985,721 $ 22,430,563 $ 21,144,797
Net investment income 8,927,231 9,111,238 17,785,803 16,929,521
Net realized investment gains (91,816) (22,958) 78,297 839,246
Service fees 596,927 2,304,439 1,040,400 3,056,354
Other income 266,914 3,212 269,141 21,429
Total revenues 21,443,570 22,381,652 41,604,204 41,991,347
Benefits and claims        
Increase in future policy benefits 4,054,616 3,847,949 6,712,327 6,387,866
Death benefits 4,095,473 3,878,238 8,225,475 7,843,231
Surrenders 882,726 750,541 1,580,492 1,526,108
Interest credited to policyholders 4,969,653 4,818,377 9,725,657 9,589,981
Dividend, endowment and supplementary life contract benefits 132,709 101,740 232,319 230,527
Total benefits and claims 14,135,177 13,396,845 26,476,270 25,577,713
Policy acquisition costs deferred (3,845,755) (3,233,202) (7,025,076) (6,106,464)
Amortization of deferred policy acquisition costs 2,028,145 2,415,015 3,824,306 4,740,915
Amortization of value of insurance business acquired 88,192 93,036 176,383 186,072
Commissions 3,833,424 3,177,497 6,956,759 5,877,340
Other underwriting, insurance and acquisition expenses 3,124,146 3,205,866 6,455,142 6,647,945
Total expenses 5,228,152 5,658,212 10,387,514 11,345,808
Total benefits, claims and expenses 19,363,329 19,055,057 36,863,784 36,923,521
Income before total federal income tax expense 2,080,241 3,326,595 4,740,420 5,067,826
Current federal income tax expense 248,963 799,314 557,769 1,014,899
Deferred federal income tax expense 236,617 (47,452) 532,235 109,576
Total federal income tax expense 485,580 751,862 1,090,004 1,124,475
Net income $ 1,594,661 $ 2,574,733 $ 3,650,416 $ 3,943,351
Common Class A [Member]        
Net income per common share        
Net income per common share (in dollars per share) $ 0.1693 $ 0.2719 $ 0.3875 $ 0.4164
Common Class B [Member]        
Net income per common share        
Net income per common share (in dollars per share) $ 0.1439 $ 0.2311 $ 0.3294 $ 0.3539