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Income Statement (10-Q) (USD $)
3 Months Ended6 Months Ended12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Premiums and policy fees$ 3,622,448$ 3,910,489$ 7,402,014$ 8,033,347$ 16,498,551$ 17,434,156
Ceded Reinsurance premiums and policy fees(1,002,699)(1,481,444)(1,830,973)(2,447,535)(4,107,958)(3,931,963)
Net investment income5,575,0594,875,16011,866,5769,198,10924,858,83714,240,793
Other income522,480472,9711,001,704939,3531,834,4651,645,322
Revenues before realized gains (losses)8,717,2887,777,17618,439,32115,723,27439,083,89529,388,308
Other-than-temporary impairments(222,947)0(262,067)(477,386)(1,478,970)(2,007,174)
Other realized investment gains (losses), net325,9907361,921,508215,672838,4321,377,646
Total realized investment gains (losses), net103,0437361,659,441(261,714)(640,538)(629,528)
Total revenues8,820,3317,777,91220,098,76215,461,56038,443,35728,758,780
Benefits and other expenses:      
Life4,702,3045,862,8999,775,94911,874,55523,833,37925,633,506
Ceded Reinsurance benefits and claims(826,845)(2,113,801)(1,510,834)(3,869,632)(6,424,865)(4,645,387)
Annuity254,810332,393523,541498,061976,755810,509
Dividends to policyholders139,216151,625291,785319,548561,713695,349
Commissions and amortization of deferred policy acquisition costs(219,139)(226,811)(431,829)(344,185)(824,850)57,313
Amortization of cost of insurance acquired307,754331,183615,508662,3661,324,7314,176,539
Operating expenses2,064,4651,848,2164,130,8023,819,7868,030,9847,042,585
Interest expense82,00184,593139,963181,277304,353484,449
Total benefits and other expenses6,504,5666,270,29713,534,88513,141,77627,782,20034,254,863
Income (loss) before income taxes2,315,7651,507,6156,563,8772,319,78410,661,157(5,496,083)
Income tax (expense) benefit(919,968)(234,208)(1,383,711)(546,737)(2,278,245)300,745
Net income (loss)1,395,7971,273,4075,180,1661,773,0478,382,912(5,195,338)
Net (income) loss attributable to noncontrolling interest(139,861)(88,107)(564,265)(252,556)(786,337)905,091
Net income (loss) attributable to common shareholders'$ 1,255,936$ 1,185,300$ 4,615,901$ 1,520,491$ 7,596,575$ (4,290,247)
Basic income per share$ 0.33$ 0.31$ 1.21$ 0.39$ 1.97$ (1.12)
Diluted income per share$ 0.33$ 0.31$ 1.21$ 0.39$ 1.97$ (1.12)
Basic weighted average shares outstanding3,823,3053,879,7943,828,5723,877,8523,848,0793,843,113
Diluted weighted average shares outstanding3,823,3053,879,7943,828,5723,877,8523,848,0793,843,113