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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Insurance premiums and other considerations $ 19,832,492 $ 18,639,401 $ 58,504,712 $ 56,640,590
Net investment income 10,478,566 9,641,496 31,061,069 29,457,892
Net mortuary and cemetery sales 3,526,416 3,646,290 11,205,774 10,430,128
Gains (losses) on investments and other assets (519,673) 1,022,427 261,095 25,371,595
Mortgage fee income 39,735,752 31,664,704 97,161,190 88,833,944
Other Revenues 2,326,106 2,608,775 7,124,836 7,430,179
Total revenues 75,379,659 67,223,093 205,318,676 218,164,328
Benefits and expenses:        
Death benefits 9,937,711 8,616,285 29,264,410 27,579,540
Surrenders and other policy benefits 636,366 692,445 2,266,275 2,198,479
Increase in future policy benefits 5,980,721 6,686,536 17,407,962 18,420,499
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 3,477,160 2,746,288 9,678,912 7,967,003
Selling, general and administrative expenses:        
Commissions 16,714,061 13,619,192 40,243,042 39,361,315
Personnel 16,287,957 17,075,236 47,018,553 50,547,638
Advertising 1,361,745 1,423,933 3,566,823 3,647,610
Rent and rent related 1,749,402 1,913,813 5,377,869 5,806,296
Depreciation on property and equipment 421,970 457,430 1,294,576 1,426,087
Costs related to funding mortgage loans 1,917,390 1,732,617 4,831,604 5,147,557
Other 9,355,218 7,616,264 25,154,712 21,562,432
Interest expense 2,078,733 1,855,548 5,353,177 5,297,066
Cost of goods and services sold-mortuaries and cemeteries 701,403 575,708 2,044,937 1,641,596
Total benefits and expenses 70,619,837 65,011,295 193,502,852 190,603,118
Earnings before income taxes 4,759,822 2,211,798 11,815,824 27,561,210
Income tax expense (1,142,408) (198,052) (2,788,038) (5,383,324)
Net earnings $ 3,617,414 $ 2,013,746 $ 9,027,786 $ 22,177,886
Earnings Per Share, Basic $ 0.21 $ 0.12 $ 0.52 $ 1.30
Earnings Per Share, Diluted $ 0.21 $ 0.12 $ 0.52 $ 1.28
Weighted Average Number of Shares Outstanding, Basic 17,230,987 17,152,656 17,240,745 17,072,531
Weighted Average Number of Shares Outstanding, Diluted 17,420,731 17,387,326 17,434,755 17,295,302