Consolidated Statements of Financial Position - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Assets
Available-for-sale fixed maturity securities at fair value (Amortized cost: $5,641,400 and $5,878,911 as of September 30, 2024 and December 31, 2023, respectively)	$ 5,470,722	$ 5,591,640
Mortgage loans, net of allowance	12,532,443	15,042,590
Policy loans	6,115	15,016
Other long-term investments	1,953,726	2,873,022
Total investments	19,963,006	23,522,268
Cash and cash equivalents	8,692,767	11,879,163
Accrued investment income	180,864	193,035
Due premium	74,519	21,214
Reinsurance recoverable	1,309,784	871,690
Deferred policy acquisition costs	4,346,020	3,380,445
Deferred sales inducement costs	78,856	214,885
Advances and notes receivable, net of allowance	22,820	235,682
Leased property - right to use	276,402	341,866
Prepaid assets	73,199	42,621
Intangible assets, net of accumulated amortization	208,970	245,847
Furniture and equipment, net	14,043	19,509
Other assets	1,411,948	1,589,174
Total assets	36,653,198	42,557,399
Liabilities and Shareholders’ Equity
Policyholders’ account balances	20,003,848	28,192,706
Future policy benefits	2,893,158	2,235,144
Policy claims and other benefits	1,199,015	1,014,951
Liability for deposit-type contracts	214,455	225,675
Other policyholder liabilities	725,967	28,137
Total policy liabilities	25,036,443	31,696,613
Lease liability	276,402	341,866
Other liabilities	645,593	523,389
Total liabilities	25,958,438	32,561,868
Shareholders’ equity
Common stock, par value $.01 per share, 25,000,000 shares authorized, 15,600,539 issued as of September 30, 2024 and December 31, 2023, 15,553,619 outstanding as of September 30, 2024 and December 31, 2023, and 530,992 and 359,292 subscribed as of September 30, 2024 and December 31, 2023, respectively	161,315	159,598
Additional paid-in capital	25,800,290	24,519,315
Treasury stock, at cost (46,920 shares as of September 30, 2024 and December 31, 2023)	(47,720)	(47,720)
Accumulated other comprehensive loss	(170,678)	(287,271)
Accumulated deficit	(15,048,447)	(14,348,391)
Total shareholders’ equity	10,694,760	9,995,531
Total liabilities and shareholders’ equity	$ 36,653,198	$ 42,557,399

Texas Republic Capital Corp 10-Q