XML 62 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Statement (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Insurance premiums and other considerations $ 12,045,553 $ 11,823,557 $ 36,915,237 $ 36,409,158
Net investment income 5,732,572 5,107,590 17,924,518 14,095,396
Net mortuary and cemetery sales 2,619,605 2,442,221 8,121,244 8,146,824
Realized gains on investments and other assets 222,621 226,480 580,607 1,829,136
Other than temporary impairments on investments (440,315) (30,000) (530,315) (95,129)
Mortgage fee income 43,294,916 21,517,970 103,872,556 50,615,851
Other income 272,951 236,869 715,490 962,049
Total revenues 63,747,903 41,324,687 167,599,337 111,963,285
Benefits and expenses:        
Death benefits 5,914,468 5,303,622 16,024,565 16,588,193
Surrenders and other policy benefits 453,838 398,556 1,566,828 1,425,175
Increase in future policy benefits 4,806,944 5,153,073 15,743,504 14,680,267
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,930,760 1,863,959 5,804,495 5,819,497
Commissions 23,486,730 13,268,027 58,766,750 30,417,508
Salaries 7,344,712 5,690,438 20,664,919 17,593,130
Provision for loan losses and loss reserve 1,763,090 466,025 3,263,437 1,573,360
Costs related to funding mortgage loans 1,980,512 1,219,729 5,141,164 3,065,563
Other expenses 8,328,740 6,191,082 23,033,728 18,491,242
Interest expense 1,142,428 497,714 2,758,313 1,191,356
Cost of goods and services sold-mortuaries and cemeteries 463,386 437,972 1,334,369 1,464,908
Total benefits and expenses 57,615,608 40,490,197 154,102,072 112,310,199
Earnings (loss) before income taxes 6,132,295 834,490 13,497,265 (346,914)
Income tax (provision) benefit (2,142,249) (64,168) (4,252,003) 803,630
Net earnings $ 3,990,046 $ 770,322 $ 9,245,262 $ 456,716
Net earnings per Class A Equivalent common share (1) $ 0.42 $ 0.08 $ 0.97 $ 0.05
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.38 $ 0.08 $ 0.97 $ 0.05
Weighted-average Class A equivalent common share outstanding (1) 9,585,285 9,390,822 9,540,631 9,258,945
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 10,439,161 9,408,180 9,553,397 9,284,488