v3.26.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
The following table presents information about the Company’s investments that are measured at fair value on a recurring basis at September 30, 2026 and December 31, 2025 indicating the level of the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
September 30, 2026
 Level 1  Level 2  Level 3  Total
Fixed-maturity securities available-for-sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies $1,426,075 $- $- $1,426,075 
Political subdivisions of States, Territories and Possessions - 20,376,298 - 20,376,298 
Corporate and other bonds industrial and miscellaneous - 155,551,432 - 155,551,432 
Residential mortgage and other asset backed securities - 138,626,707 - 138,626,707 
Short-term investments1,482,405 - - 1,482,405 
Total fixed maturities 2,908,480 314,554,437 - 317,462,917 
Equity securities 9,049,978 136,900 - 9,186,878 
Total investments, at fair value $11,958,458 $314,691,337 $- $326,649,795 
December 31, 2025
Level 1  Level 2  Level 3  Total
Fixed-maturity securities available-for-sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies $1,007,190 $- $- $1,007,190 
Political subdivisions of States, Territories and Possessions - 21,773,433 - 21,773,433 
Corporate and other bonds industrial and miscellaneous 129,866,682 - - 129,866,682 
Residential mortgage and other asset backed securities - 136,389,885 - 136,389,885 
Total fixed maturities 130,873,872 158,163,318 - 289,037,190 
Equity securities 10,056,595 - - 10,056,595 
Total investments, at fair value $140,930,467 $158,163,318 $- $299,093,785 
Schedule of Hedge Fund Investments
The following table sets forth the Company’s investment in a hedge fund measured at Net Asset Value (“NAV”) per share as of September 30, 2026 and December 31, 2025. The Company measures this investment at fair value on a recurring basis. Fair value using NAV per share is as follows as of the dates indicated:
Category September 30, 2026December 31, 2025
Other Investments
Hedge fund $4,367,262 $4,552,378