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Income Statement (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Insurance premiums and other considerations $ 13,804,510 $ 12,593,886 $ 40,268,943 $ 37,920,272
Net investment income 8,191,962 5,254,047 20,541,749 15,281,108
Net mortuary and cemetery sales 2,490,280 2,887,855 8,768,224 9,024,671
Realized gains on investments and other assets 429,910 194,727 968,755 1,177,487
Other than temporary impairments on investments (383,776) (30,000) (443,776) (205,922)
Mortgage fee income 36,235,813 28,897,521 93,546,650 101,660,436
Other income 957,093 754,755 2,540,253 1,879,262
Total revenues 61,725,792 50,552,791 166,190,798 166,737,314
Benefits and expenses:        
Death benefits 6,641,923 6,144,319 20,400,042 19,464,984
Surrenders and other policy benefits 707,539 632,374 1,850,302 2,061,202
Increase in future policy benefits 5,278,079 5,079,645 14,492,604 14,494,056
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,854,041 1,178,579 4,750,976 3,764,103
Commissions 17,134,597 14,361,623 43,880,642 52,809,618
Salaries 10,079,539 8,492,420 28,195,576 24,237,358
Provision for loan losses and loss reserve 1,063,451 395,605 2,006,876 1,663,895
Costs related to funding mortgage loans 1,932,627 1,544,229 5,141,946 5,190,829
Other expenses 12,283,722 9,626,035 34,083,020 29,568,910
Interest expense 954,610 667,237 2,238,722 2,352,319
Cost of goods and services sold-mortuaries and cemeteries 418,524 466,441 1,419,868 1,468,613
Total benefits and expenses 58,348,652 48,588,507 158,460,574 157,075,887
Earnings before income taxes 3,377,140 1,964,284 7,730,224 9,661,427
Income tax expense (1,239,318) (697,793) (2,829,491) (3,562,425)
Net earnings $ 2,137,822 $ 1,266,491 $ 4,900,733 $ 6,099,002
Net earnings per Class A Equivalent common share (1) $ 0.18 $ 0.11 $ 0.41 $ 0.52
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.17 $ 0.10 $ 0.40 $ 0.49
Weighted-average Class A equivalent common share outstanding (1) 11,840,713 11,985,488 11,873,045 11,776,015
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 12,287,809 12,532,331 12,295,620 12,373,364