Accumulated Other Comprehensive Income (loss) (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Unrealized losses on fixed maturity securities available for sale	$	(6,725,752	)	$	(13,527,157	)	$	(6,310,923	)	$	(42,014,068	)
Amounts reclassified into net earnings (loss)		(79,850	)		3,917			(269,827	)		168,794
Net unrealized losses before taxes		(6,805,602	)		(13,523,240	)		(6,580,750	)		(41,845,274	)
Tax benefit		1,429,176			2,839,881			1,381,958			8,787,509
Net		(5,376,426	)		(10,683,359	)		(5,198,792	)		(33,057,765	)
Unrealized gains (losses) on restricted assets (1)		(12,284	)		27,060			(14,340	)		(88,058	)
Tax benefit (expense)		3,060			(6,741	)		3,572			21,935
Net		(9,224	)		20,319			(10,768	)		(66,123	)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)		(2,487	)		28,931			(3,299	)		(24,294	)
Tax benefit (expense)		610			(7,204	)		838			6,054
Net		(1,877	)		21,727			(2,461	)		(18,240	)
Other comprehensive loss changes	$	(5,387,527	)	$	(10,641,313	)	$	(5,212,021	)	$	(33,142,128	)

(1) Fixed maturity securities available for sale

Schedule of Accumulated Balances of Other Comprehensive Income

The following table presents the accumulated balances of other comprehensive income (loss) as of September 30, 2023:

	Beginning Balance December 31, 2022			Change for the period			Ending Balance September 30, 2023
Unrealized losses on fixed maturity securities available for sale	$	(13,050,767	)	$	(5,198,792	)	$	(18,249,559	)
Unrealized losses on restricted assets (1)		(13,148	)		(10,768	)		(23,916	)
Unrealized losses on cemetery perpetual care trust investments (1)		(6,362	)		(2,461	)		(8,823	)
Other comprehensive loss	$	(13,070,277	)	$	(5,212,021	)	$	(18,282,298	)

(1) Fixed maturity securities available for sale

The following table presents 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