Schedule of Investment Income |
The components of net investment income were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2024 | | 2023 | | 2024 | | 2023 | | | Fixed Maturity Securities – Interest and Other Income | $ | 1,417,627 | | | $ | 1,086,016 | | | $ | 2,744,637 | | | $ | 2,136,812 | | | | Mortgage and Other Loan Receivables | 629,555 | | | 472,074 | | | 1,189,237 | | | 931,220 | | | | Investments in Transportation and Other Leased Assets | 84,046 | | | 78,727 | | | 162,506 | | | 154,915 | | | | Investments in Renewable Energy | 11,811 | | | 17,346 | | | 25,402 | | | 37,929 | | | | Investments in Real Estate | 52,259 | | | 43,360 | | | 98,238 | | | 79,461 | | | | Short-term and Other Investment Income | 124,920 | | | 54,678 | | | 292,251 | | | 132,294 | | | | Income Assumed from Funds Withheld Receivable at Interest | 18,483 | | | 25,681 | | | 40,716 | | | 47,782 | | | | Policy Loans | 19,577 | | | 8,424 | | | 44,080 | | | 18,701 | | | | | | | | | | | | | | Income Ceded to Funds Withheld Payable at Interest | (586,365) | | | (317,260) | | | (1,106,364) | | | (618,483) | | | | Gross Investment Income | 1,771,913 | | | 1,469,046 | | | 3,490,703 | | | 2,920,631 | | | | Less Investment Expenses: | | | | | | | | | | Investment Management and Administration | 115,233 | | | 80,137 | | | 232,322 | | | 165,478 | | | | Transportation, Renewable Energy and Real-estate Asset Depreciation and Maintenance | 49,768 | | | 57,226 | | | 99,919 | | | 106,388 | | | | Interest Expense on Derivative Collateral and Repurchase Agreements | 26,414 | | | 20,628 | | | 58,062 | | | 37,013 | | | | Net Investment Income | $ | 1,580,498 | | | $ | 1,311,055 | | | $ | 3,100,400 | | | $ | 2,611,752 | | | |
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