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Condensed Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Insurance premiums and other considerations $ 81,860,610 $ 75,928,910
Net investment income 43,019,473 39,913,267
Net mortuary and cemetery sales 15,296,235 13,726,518
Gains on investments and other assets 728,367 23,941,179
Mortgage fee income 131,976,082 116,185,853
Other Revenues 10,180,163 9,923,000
Total revenues 283,060,930 279,618,727
Benefits and expenses:    
Death benefits 41,591,057 36,298,789
Surrenders and other policy benefits 3,320,748 2,886,298
Increase in future policy benefits 23,568,497 24,332,088
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 14,634,577 11,631,346
Selling, general and administrative expenses:    
Commissions 56,762,891 50,291,352
Personnel 64,221,270 67,368,952
Advertising 4,784,558 4,602,591
Rent and rent related 7,055,456 7,605,375
Depreciation on property and equipment 1,711,369 1,867,001
Costs related to funding mortgage loans 6,278,954 6,423,944
Other 34,922,761 31,014,999
Interest expense 7,386,688 6,956,707
Cost of goods and services sold - cemeteries and mortuaries 2,878,169 2,158,895
Total benefits and expenses 269,116,995 253,438,337
Earnings before income taxes 13,943,935 26,180,390
Income tax expense (3,050,416) (4,494,311)
Net earnings $ 10,893,519 $ 21,686,079
Earnings Per Share, Basic [1] $ 0.60 $ 1.21
Earnings Per Share, Diluted [1] $ 0.60 $ 1.19
Weighted Average Number of Shares Outstanding, Basic [1] 18,104,681 17,968,062
Weighted Average Number of Shares Outstanding, Diluted [1] 18,229,116 18,188,665
[1] Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share