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Income Statement - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Insurance premiums and other considerations $ 17,489,560 $ 17,157,319 $ 52,345,184 $ 47,508,420
Net investment income 8,361,466 8,089,857 25,559,113 23,484,280
Net mortuary and cemetery sales 2,717,311 2,776,023 9,356,659 9,541,950
Realized gains (losses) on investments and other assets (319,666) (39,169) 713,066 179,296
Other than temporary impairments on investments (163,375) (30,000) (481,741) (133,630)
Mortgage fee income 41,597,573 53,195,763 122,086,734 146,967,246
Other income 2,288,982 1,798,864 6,393,691 4,944,670
Total revenues 71,971,851 82,948,657 215,972,706 232,492,232
Benefits and expenses:        
Death benefits 8,772,153 7,250,100 26,113,770 22,410,230
Surrenders and other policy benefits 547,648 630,735 2,085,296 1,709,915
Increase in future policy benefits 6,735,141 6,382,949 17,669,279 15,777,008
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 2,238,955 2,301,107 6,271,763 6,221,495
Selling, general and administrative expenses:        
Commissions 18,999,583 24,395,173 53,877,389 68,214,894
Personnel 17,200,315 17,755,070 53,754,920 52,535,277
Advertising 1,611,599 2,006,013 4,407,877 5,053,968
Rent and rent related 2,257,259 2,122,708 6,693,292 6,235,430
Depreciation on property and equipment 517,041 528,051 1,723,879 1,585,995
Provision for loan loss reserve   600,000   600,000
Costs related to funding mortgage loans 2,809,471 2,365,395 7,315,227 6,956,774
Other expenses 7,035,570 8,075,906 22,227,370 21,388,693
Interest expense 1,655,870 1,476,137 4,295,263 3,775,483
Cost of goods and services sold-mortuaries and cemeteries 453,229 485,783 1,507,295 1,396,574
Total benefits and expenses 70,833,834 76,375,127 207,942,620 213,861,736
Earnings before income taxes 1,138,017 6,573,530 8,030,086 18,630,496
Income tax expense (41,179) (2,390,525) (2,587,384) (6,892,544)
Net earnings $ 1,096,838 $ 4,183,005 $ 5,442,702 $ 11,737,952
Net earnings per Class A Equivalent common share (1) $ 0.07 $ 0.28 $ 0.36 $ 0.80
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.07 $ 0.27 $ 0.35 $ 0.77
Weighted-average Class A equivalent common share outstanding (1) 15,256,857 14,830,078 15,159,569 14,744,779
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 15,542,660 15,269,613 15,474,826 15,166,045