Accumulated Other Comprehensive Income (loss) (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income

The following summarizes the changes in accumulated other comprehensive income (loss):

	Three Months Ended March 31
	2023			2022
Unrealized gains (losses) on fixed maturity securities available for sale	$	5,436,929		$	(15,372,096	)
Amounts reclassified into net earnings		(218,900	)		45,193
Net unrealized gains (losses) before taxes		5,218,029			(15,326,903	)
Tax (expense) benefit		(1,095,787	)		3,218,648
Net		4,122,242			(12,108,255	)
Unrealized gains (losses) on restricted assets (1)		4,133			(71,946	)
Tax (expense) benefit		(1,029	)		17,922
Net		3,104			(54,024	)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)		2,926			(37,357	)
Tax (expense) benefit		(714	)		9,306
Net		2,212			(28,051	)
Other comprehensive income (loss) changes	$	4,127,558		$	(12,190,330	)

(1) Fixed maturity securities available for sale

Schedule of Accumulated Balances of Other Comprehensive Income

The following is the accumulated balances of other comprehensive income (loss) as of March 31, 2023:

	Beginning Balance December 31, 2022			Change for the period		Ending Balance March 31, 2023
Unrealized gains (losses) on fixed maturity securities available for sale	$	(13,050,767	)	$	4,122,242	$	(8,928,525	)
Unrealized gains (losses) on restricted assets (1)		(13,148	)		3,104		(10,044	)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)		(6,362	)		2,212		(4,150	)
Other comprehensive income (loss)	$	(13,070,277	)	$	4,127,558	$	(8,942,719	)

(1) Fixed maturity securities available for sale

The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2022:

	Beginning Balance December 31, 2021		Change for the period			Ending Balance December 31, 2022
Unrealized gains (losses) on fixed maturity securities available for sale	$	18,021,265	$	(31,072,032	)	$	(13,050,767	)
Unrealized gains (losses) on restricted assets (1)		40,192		(53,340	)		(13,148	)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)		8,991		(15,353	)		(6,362	)
Other comprehensive income (loss)	$	18,070,448	$	(31,140,725	)	$	(13,070,277	)

(1) Fixed maturity securities available for sale