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Income Statement - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Insurance premiums and other considerations $ 19,190,831 $ 17,498,500 $ 38,001,189 $ 34,855,624
Net investment income 9,741,965 8,322,307 19,816,396 17,338,683
Net mortuary and cemetery sales 3,551,109 3,280,375 6,783,838 6,639,348
Gains on investments and other assets 2,328,229 887,402 24,349,168 1,032,732
Other than temporary impairments on investments   (266,227)   (318,366)
Mortgage fee income 31,709,080 41,514,401 57,169,240 80,489,161
Other revenues 2,343,912 2,075,836 4,821,404 4,104,709
Total revenues 68,865,126 73,312,594 150,941,235 144,141,891
Benefits and expenses:        
Death benefits 9,355,157 8,547,019 18,963,255 17,341,617
Surrenders and other policy benefits 695,906 680,117 1,506,034 1,537,648
Increase in future policy benefits 6,149,027 5,366,096 11,733,963 10,934,138
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 2,110,782 1,768,769 5,220,715 4,032,808
Selling, general and administrative expenses:        
Commissions 14,459,722 18,522,758 25,742,123 34,877,806
Personnel 16,905,714 18,105,954 33,472,402 36,695,641
Advertising 1,194,086 1,485,604 2,223,677 2,796,278
Rent and rent related 1,929,133 2,212,037 3,892,483 4,436,033
Depreciation on property and equipment 491,626 581,026 968,657 1,206,838
Costs related to funding mortgage loans 2,045,659 2,286,107 3,414,940 4,505,756
Other expenses 7,135,844 7,845,307 13,946,168 15,191,800
Interest expense 1,679,841 1,385,354 3,441,518 2,639,393
Cost of goods and services sold-mortuaries and cemeteries 550,398 532,147 1,065,888 1,054,066
Total benefits and expenses 64,702,895 69,318,295 125,591,823 137,249,822
Earnings before income taxes 4,162,231 3,994,299 25,349,412 6,892,069
Income tax expense (924,014) (1,508,435) (5,185,272) (2,546,205)
Net earnings $ 3,238,217 $ 2,485,864 $ 20,164,140 $ 4,345,864
Net earnings per Class A Equivalent common share (1) $ 0.20 $ 0.16 $ 1.24 $ 0.27
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.20 $ 0.15 $ 1.23 $ 0.27
Weighted-average Class A equivalent common share outstanding (1) 16,252,998 15,931,031 16,209,987 15,879,461
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 16,487,068 16,278,148 16,417,351 16,241,068