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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Premiums and policy fees $ 9,256,945 $ 9,601,612
Ceded reinsurance premiums and policy fees (2,725,303) (2,535,980)
Net investment income 9,528,948 11,183,128
Other income 343,467 388,340
Revenue before net investment gains (losses) 16,404,057 18,637,100
Net investment gains (losses):    
Other-than-temporary impairments 0 (650,956)
Other realized investment gains, net 4,645,699 7,598,048
Change in fair value of equity securities 6,208,148 18,611,248
Total net investment gains (losses) 10,853,847 25,558,340
Total revenues 27,257,904 44,195,440
Benefits, claims and settlement expenses:    
Life 17,265,646 16,191,227
Ceded reinsurance benefits and claims (2,399,361) (2,233,585)
Annuity 1,015,308 1,039,604
Dividends to policyholders 333,331 359,147
Commissions (129,835) (130,828)
Amortization of cost of insurance acquired 744,850 775,906
Operating expenses 7,870,909 8,006,748
Total benefits and other expenses 24,700,848 24,008,219
Income before income taxes 2,557,056 20,187,221
Income tax (benefit) expense 340,494 3,591,301
Net income (loss) 2,216,562 16,595,920
Net income attributable to noncontrolling interests (127,956) (325,143)
Net income (loss) attributable to common shareholders $ 2,088,606 $ 16,270,777
Amounts attributable to common shareholders    
Basic income per share (in dollars per share) $ 0.65 $ 4.95
Diluted income (loss) per share (in dollars per share) $ 0.65 $ 4.95
Basic weighted average shares outstanding (in shares) 3,233,773 3,285,813
Diluted weighted average shares outstanding (in shares) 3,233,773 3,285,813