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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Insurance premiums and other considerations $ 22,291,276 $ 19,027,002
Net investment income 13,400,499 10,041,668
Net mortuary and cemetery sales 4,458,091 3,678,628
Gains (losses) on investments and other assets (3,212,247) 1,806,661
Mortgage fee income 40,281,761 24,478,871
Other Revenues 2,389,569 2,461,005
Total revenues 79,608,949 61,493,835
Benefits and expenses:    
Death benefits 13,407,627 10,077,903
Surrenders and other policy benefits 1,070,475 865,931
Increase in future policy benefits 7,038,033 5,751,130
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 3,515,057 3,128,274
Selling, general and administrative expenses:    
Commissions 16,554,743 9,675,092
Personnel 18,719,998 15,031,336
Advertising 1,005,317 1,033,175
Rent and rent related 1,614,741 1,904,288
Depreciation on property and equipment 516,213 449,680
Costs related to funding mortgage loans 1,956,282 1,354,925
Other 10,075,542 7,645,127
Interest expense 1,818,609 1,491,887
Cost of goods and services sold-mortuaries and cemeteries 842,078 652,928
Total benefits and expenses 78,134,715 59,061,676
Earnings before income taxes 1,474,234 2,432,159
Income tax expense (49,785) (501,841)
Net earnings $ 1,424,449 $ 1,930,318
Net earnings per Class A Equivalent common share $ 0.08 $ 0.11
Net earnings per Class A Equivalent common share-assuming dilution $ 0.08 $ 0.11
Weighted-average Class A equivalent common share outstanding 18,184,575 18,102,318
Weighted-average Class A equivalent common shares outstanding-assuming dilution 18,371,352 18,323,402