Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Assets
Available-for-sale fixed maturity securities at fair value (Amortized cost: $4,315,636 and $5,488,966 as of December 31, 2025 and 2025, respectively)	$ 4,183,017	$ 5,190,902
Mortgage loans, net of allowance	8,857,541	12,036,730
Investment real estate	305,682
Policy loans	6,798	7,327
Other long-term investments	1,131,333	1,667,757
Total investments	14,484,371	18,902,716
Cash and cash equivalents	8,657,535	6,649,797
Accrued investment income	143,403	148,157
Due premium	72,468	81,955
Reinsurance recoverable	1,038,232	1,336,260
Deferred policy acquisition costs	5,235,807	4,552,747
Deferred sales inducement costs	15,959	53,773
Advances and notes receivable, net of allowance	77,083	25,174
Leased property – right to use	167,296	254,581
Prepaid assets	41,709	46,357
Intangible assets, net of accumulated amortization	147,508	196,678
Furniture and equipment, net	12,980	16,290
Other assets	1,574,759	1,585,180
Total assets	31,669,110	33,849,665
Liabilities and Shareholders’ Equity
Policyholders’ account balances	16,640,404	19,296,073
Future policy benefits	2,423,308	1,863,742
Policy claims and other benefits	662,198	932,284
Liability for deposit-type contracts	131,895	195,039
Other policyholder liabilities	461,202	57,207
Total policy liabilities	20,319,007	22,344,345
Lease liability	167,296	254,581
Other liabilities	350,226	566,403
Total liabilities	20,836,529	23,165,329
Shareholders’ equity
Common stock, par value $.01 per share, 25,000,000 shares authorized,15,600,539 issued as of December 31, 2025 and 2024, 15,553,619 outstanding as of December 31, 2025 and 2024, and 616,121 and 531,392 subscribed as of December 31, 2025 and December 31, 2024, respectively	162,167	161,319
Additional paid-in capital	26,433,165	25,802,694
Treasury stock, at cost (46,920 shares as of December 31, 2025 and 2024)	(47,720)	(47,720)
Accumulated other comprehensive loss	(92,421)	(166,688)
Accumulated deficit	(15,622,610)	(15,065,269)
Total shareholders’ equity	10,832,581	10,684,336
Total liabilities and shareholders’ equity	$ 31,669,110	$ 33,849,665

Texas Republic Capital Corp 10-K