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Income Statement (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenues:    
Premiums and policy fees $ 14,082,400 $ 16,498,551
Ceded Reinsurance premiums and policy fees (3,935,191) (4,107,958)
Net investment income 11,198,165 24,858,837
Other income 2,055,502 1,834,465
Revenues before realized gains (losses) 23,400,876 39,083,895
Other-than-temporary impairments (4,342,784) (1,478,970)
Other realized investment gains (losses), net 15,905,413 838,432
Total realized investment gains (losses), net 11,562,629 (640,538)
Total revenues 34,963,505 38,443,357
Benefits and other expenses:    
Life 20,539,432 23,833,379
Ceded Reinsurance benefits and claims (3,843,351) (6,424,865)
Annuity 1,044,455 976,755
Dividends to policyholders 514,268 561,713
Commissions and amortization of deferred policy acquisition costs (941,581) (824,850)
Amortization of cost of insurance acquired 1,231,015 1,324,731
Operating expenses 8,389,781 8,030,984
Interest expense 260,540 304,353
Total benefits and other expenses 27,194,559 27,782,200
Income (loss) before income taxes 7,768,946 10,661,157
Income tax (expense) benefit (1,265,662) (2,278,245)
Net income (loss) 6,503,284 8,382,912
Net (income) loss attributable to noncontrolling interest (186,669) (786,337)
Net income (loss) attributable to common shareholders' $ 6,316,615 $ 7,596,575
Basic income per share $ 1.65 $ 1.96
Diluted income per share $ 1.65 $ 1.96
Basic weighted average shares outstanding 3,824,444 3,874,012
Diluted weighted average shares outstanding 3,824,444 3,874,012