XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Statement - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Insurance premiums and other considerations $ 17,357,124 $ 14,451,575
Net investment income 9,563,282 8,992,191
Net mortuary and cemetery sales 3,358,973 3,245,856
Realized gains on investments and other assets 145,330 97,922
Other than temporary impairments on investments (52,139) (73,630)
Mortgage fee income 37,050,926 39,110,967
Other income 2,028,873 1,530,426
Total revenues 69,452,369 67,355,307
Benefits and expenses:    
Death benefits 8,794,598 7,824,001
Surrenders and other policy benefits 857,531 518,321
Increase in future policy benefits 5,182,449 4,160,260
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 2,264,039 2,212,836
Selling, general and administrative expenses:    
Commissions 15,721,074 16,842,270
Personnel 18,589,687 17,197,372
Advertising 1,310,674 1,078,010
Rent and rent related 2,139,538 2,064,325
Depreciation on property and equipment 625,812 521,455
Provision for loan loss reserve 426,634 586,778
Costs related to funding mortgage loans 2,065,134 2,154,397
Other expenses 7,430,951 6,480,711
Interest expense 1,254,039 1,064,195
Cost of goods and services sold-mortuaries and cemeteries 521,919 458,619
Total benefits and expenses 67,184,079 63,163,550
Earnings before income taxes 2,268,290 4,191,757
Income tax expense (799,826) (1,580,220)
Net earnings $ 1,468,464 $ 2,611,537
Net earnings per Class A Equivalent common share (1) $ 0.10 $ 0.18
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.09 $ 0.17
Weighted-average Class A equivalent common share outstanding (1) 15,058,153 14,656,450
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 15,527,996 15,112,278