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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Mortgage fee income $ 25,989,006 $ 48,344,445
Insurance premiums and other considerations 27,967,292 26,341,952
Net investment income 17,774,883 15,194,306
Net mortuary and cemetery sales 6,471,429 7,205,721
Gains on investments and other assets 111,154 171,975
Other 1,186,970 5,167,508
Total revenues 79,500,734 102,425,907
Benefits and expenses:    
Death benefits 16,678,366 16,884,706
Surrenders and other policy benefits 1,132,693 1,323,168
Increase in future policy benefits 8,054,939 6,771,101
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 4,883,581 4,396,413
Selling, general and administrative expenses:    
Commissions 9,673,310 19,902,202
Personnel 21,962,512 26,874,764
Advertising 903,411 1,711,795
Rent and rent related 1,776,780 1,659,270
Depreciation on property and equipment 588,416 615,544
Costs related to funding mortgage loans 1,842,342 2,839,463
Other 7,780,535 12,091,636
Interest expense 1,453,333 1,727,315
Cost of goods and services sold-mortuaries and cemeteries 1,185,628 1,185,014
Total benefits and expenses 77,915,846 97,982,391
Earnings before income taxes 1,584,888 4,443,516
Income tax expense (344,716) (1,214,798)
Net earnings $ 1,240,172 $ 3,228,718
Net earnings per Class A Equivalent common share [1] $ 0.06 $ 0.15
Net earnings per Class A Equivalent common share-assuming dilution [1] $ 0.06 $ 0.15
Weighted-average Class A equivalent common shares outstanding [1] 21,080,549 21,381,988
Weighted-average Class A equivalent common shares outstanding-assuming dilution [1] 21,612,035 22,266,473
[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.