Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Measurements [Abstract]

Investments in Available-for-Sale Fixed Maturity and Equity Securities

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2023:

	Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	85,419,683	$	—	$	85,419,683	$	—
Obligations of states and political subdivisions		38,115,784		—		38,115,784		—
Corporate securities		196,792,967		—		196,792,967		—
Mortgage-backed securities		269,019,809		—		269,019,809		—
Equity securities		25,902,956		23,910,968		1,991,988		—
Total investments in the fair value hierarchy	$	615,251,199	$	23,910,968	$	591,340,231	$	—

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2022:

	Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	63,521,312	$	—	$	63,521,312	$	—
Obligations of states and political subdivisions		40,155,784		—		40,155,784		—
Corporate securities		202,838,045		—		202,838,045		—
Mortgage-backed securities		217,276,790		—		217,276,790		—
Equity securities		35,104,840		32,820,452		2,284,388		—
Total investments in the fair value hierarchy	$	558,896,771	$	32,820,452	$	526,076,319	$	—