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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Mortgage fee income $ 72,998,612 $ 40,281,761
Insurance premiums and other considerations 23,350,210 22,291,276
Net investment income 14,293,887 13,400,499
Net mortuary and cemetery sales 5,942,126 4,458,091
Gains (losses) on investments and other assets 1,960,113 (3,212,247)
Other Revenues 4,113,658 2,389,569
Total revenues 122,658,606 79,608,949
Benefits and expenses:    
Death benefits 18,312,006 13,407,627
Surrenders and other policy benefits 1,077,644 1,070,475
Increase in future policy benefits 4,254,658 7,038,033
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 3,576,865 3,515,057
Selling, general and administrative expenses:    
Commissions 32,729,680 16,554,743
Personnel 24,371,505 18,719,998
Advertising 1,800,998 1,005,317
Rent and rent related 1,865,898 1,614,741
Depreciation on property and equipment 501,645 516,213
Costs related to funding mortgage loans 2,937,225 1,956,282
Other 11,949,864 10,075,542
Interest expense 1,825,599 1,818,609
Cost of goods and services sold-mortuaries and cemeteries 1,099,964 842,078
Total benefits and expenses 106,303,551 78,134,715
Earnings before income taxes 16,355,055 1,474,234
Income tax expense (4,226,340) (49,785)
Net earnings $ 12,128,715 $ 1,424,449
Net earnings per Class A Equivalent common share [1] $ 0.63 $ 0.08
Net earnings per Class A Equivalent common share-assuming dilution [1] $ 0.61 $ 0.08
Weighted-average Class A equivalent common shares outstanding [1] 19,124,001 18,641,950
Weighted-average Class A equivalent common shares outstanding-assuming dilution [1] 20,008,050 18,833,396
[1] Net 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.