Accumulated Other Comprehensive Income (loss)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (loss)

16) Accumulated Other Comprehensive Income (loss)

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

	Three Months Ended March 31,
	2024			2023
Unrealized gains (losses) on fixed maturity securities available for sale	$	(1,035,099	)	$	5,436,929
Amounts reclassified into net earnings		(96,551	)		(218,900	)
Net unrealized gains (losses) before taxes		(1,131,650	)		5,218,029
Tax (expense) benefit		238,552			(1,095,787	)
Net		(893,098	)		4,122,242
Unrealized gains (losses) on restricted assets (1)		(1,890	)		4,133
Tax (expense) benefit		471			(1,029	)
Net		(1,419	)		3,104
Unrealized gains (losses) on cemetery perpetual care trust investments (1)		(774	)		2,926
Tax (expense) benefit		193			(714	)
Net		(581	)		2,212
Other comprehensive income (loss) changes	$	(895,098	)	$	4,127,558

(1) Fixed maturity securities available for sale

The following table presents the accumulated balances of other comprehensive income (loss) as of March 31, 2024:

	Beginning Balance December 31, 2023			Change for the period			Ending Balance March 31, 2024
Unrealized losses on fixed maturity securities available for sale	$	(6,876,629	)	$	(893,098	)	$	(7,769,727	)
Unrealized losses on restricted assets (1)		(4,757	)		(1,419	)		(6,176	)
Unrealized losses on cemetery perpetual care trust investments (1)		(4,172	)		(581	)		(4,753	)
Other comprehensive loss	$	(6,885,558	)	$	(895,098	)	$	(7,780,656	)

(1) Fixed maturity securities available for sale

The following table presents the accumulated balances of other comprehensive income (loss) as of December 31, 2023:

	Beginning Balance December 31, 2022			Change for the period		Ending Balance December 31, 2023
Unrealized gains (losses) on fixed maturity securities  available for sale	$	(13,050,767	)	$	6,174,138	$	(6,876,629	)
Unrealized gains (losses) on restricted assets (1)		(13,148	)		8,391		(4,757	)
Unrealized gains (losses) on cemetery perpetual  care trust investments (1)		(6,362	)		2,190		(4,172	)
Other comprehensive income (loss)	$	(13,070,277	)	$	6,184,719	$	(6,885,558	)

(1) Fixed maturity securities available for sale