7) Business Segments Information (Tables)

3 Months Ended

Mar. 31, 2021

Table Text Block Supplement [Abstract]

Schedule of Revenues and Expenses by Reportable Segment

The Company’s reportable segments are business units that are managed separately due to the different products provided and the need to report separately to the various regulatory jurisdictions. The Company regularly reviews the quantitative thresholds and other criteria to determine when other business segments may need to be reported.

	Life Insurance	Cemetery/ Mortuary	Mortgage	Intercompany Eliminations	Consolidated
For the Three Months Ended
March 31, 2021
Revenues from external customers	$ 38,943,834	$ 6,999,265	$ 76,715,507	$ -	$ 122,658,606
Intersegment revenues	1,902,052	77,507	161,016	(2,140,575)	-
Segment profit before income taxes	2,695,028	2,700,945	10,959,082	-	16,355,055
Identifiable Assets	1,174,305,180	57,269,639	337,524,300	(84,391,181)	1,484,707,938
Goodwill	2,765,570	754,018	-	-	3,519,588
Total Assets	1,177,070,750	58,023,657	337,524,300	(84,391,181)	1,488,227,526
		-
For the Three Months Ended
March 31, 2020
Revenues from external customers	$ 33,205,762	$ 4,013,696	$ 42,389,491	$ -	$ 79,608,949
Intersegment revenues	908,168	103,514	200,332	(1,212,014)	-
Segment profit before income taxes	(3,069,167)	104,801	4,438,600	-	1,474,234
Identifiable Assets	1,124,244,140	79,695,043	278,195,425	(109,493,359)	1,372,641,249
Goodwill	2,765,570	754,018	-	-	3,519,588
Total Assets	1,127,009,710	80,449,061	278,195,425	(109,493,359)	1,376,160,837