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18) Accumulated Other Comprehensive Income: Schedule of Changes in accumulated other comprehensive income (Tables)
12 Months Ended
Dec. 31, 2019
Tables/Schedules  
Schedule of Changes in accumulated other comprehensive income

 

 

 

December 31

 

 

2019

 

2018

Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01) for equity securities

 

$                    -

 

$       (603,170)

 

 

 

 

 

Unrealized gains on fixed maturity securities available for sale

 

      17,315,770

 

                      -

Reclassification adjustment for net realized gains in net income

 

                      -

 

                      -

Net unrealized gains before taxes

 

      17,315,770

 

                      -

Tax expense

 

      (3,636,311)

 

                      -

Net

 

      13,679,459

 

                      -

Unrealized gains on restricted assets (1)

 

             35,550

 

                      -

Tax expense

 

             (8,856)

 

                      -

Net

 

             26,694

 

                      -

Unrealized gains on cemetery perpetual care trust investments (1)

 

             29,904

 

                      -

Tax expense

 

             (7,449)

 

                      -

Net

 

             22,455

 

                      -

Unrealized gains for foreign currency translations adjustments

 

                  972

 

             (3,761)

Tax expense

 

                (243)

 

                  938

Net

 

                  729

 

             (2,823)

Other comprehensive income changes

 

$    13,729,337

 

$       (605,993)

_______________

 

 

 

 

(1) Fixed maturity securities available for sale