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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Premiums and policy fees $ 2,057,181 $ 2,153,061
Ceded reinsurance premiums and policy fees (517,811) (646,149)
Net investment income 3,318,165 4,459,368
Other income 36,585 61,323
Revenue before net investment gains (losses) 4,894,120 6,027,603
Net investment gains (losses):    
Other realized investment gains, net 716,300 4,780,149
Change in fair value of equity securities (8,645,474) 8,154,629
Total net investment gains (losses) (7,929,174) 12,934,778
Total revenue (3,035,054) 18,962,381
Benefits, claims and settlement expenses:    
Life 3,649,024 4,660,797
Ceded reinsurance benefits and claims (613,361) (987,431)
Annuity 251,632 263,042
Dividends to policyholders 86,998 87,159
Commissions and amortization of deferred policy acquisition costs (27,856) (25,669)
Amortization of cost of insurance acquired 165,314 172,087
Operating expenses 2,271,876 2,918,323
Interest expense 13,923 11,974
Total benefits and other expenses 5,797,550 7,100,282
Income (loss) before income taxes (8,832,604) 11,862,099
Income tax expense (benefit) (1,920,852) 2,643,062
Net income (loss) (6,911,752) 9,219,037
Net income attributable to noncontrolling interests (30,490) (26,714)
Net income (loss) attributable to common shareholders $ (6,942,242) $ 9,192,323
Amounts attributable to common shareholders    
Basic income (loss) per share (in dollars per share) $ (2.18) $ 2.9
Diluted income (loss) per share (in dollars per share) $ (2.18) $ 2.9
Basic weighted average shares outstanding (in shares) 3,189,100 3,171,087
Diluted weighted average shares outstanding (in shares) 3,189,100 3,171,087