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 38,427,854 41,212,008
Other income 2,028,873 1,530,426
Total revenues 70,829,297 69,456,348
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 5,568,042 4,121,701
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 16,355,048 19,210,968
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
Costs related to funding mortgage loans 2,219,649 2,632,754
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 67,931,527 65,385,268
Earnings before income taxes 2,897,770 4,071,080
Income tax expense (1,037,770) (1,533,139)
Net earnings $ 1,860,000 $ 2,537,941
Net earnings per Class A Equivalent common share (1) $ 0.12 $ 0.17
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.12 $ 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