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Income Statement (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Premiums and policy fees $ 3,516,444 $ 3,779,566
Ceded Reinsurance premiums and policy fees (908,098) (828,274)
Net investment income 6,950,756 6,291,517
Other income 547,694 479,224
Revenues before realized gains (losses) 10,106,796 9,722,033
Other-than-temporary impairments 0 (420,401)
Other realized investment gains (losses), net 7,135,970 1,976,799
Total realized investment gains (losses), net 7,135,970 1,556,398
Total revenues 17,242,766 11,278,431
Benefits and other expenses:    
Life 5,870,808 5,073,645
Ceded Reinsurance benefits and claims (835,875) (683,989)
Annuity 260,690 268,731
Dividends to policyholders 140,624 152,569
Commissions and amortization of deferred policy acquisition costs (152,813) (212,690)
Amortization of cost of insurance acquired 286,375 307,754
Operating expenses 2,875,495 2,066,337
Interest expense 72,175 57,962
Total benefits and other expenses 8,517,479 7,030,319
Income (loss) before income taxes 8,725,287 4,248,112
Income tax (expense) benefit (3,225,556) (463,743)
Net income (loss) 5,499,731 3,784,369
Net (income) loss attributable to noncontrolling interest (273,214) (424,404)
Net income (loss) attributable to common shareholders' $ 10,453,034 $ 3,359,965
Basic income per share $ 1.36 $ 0.88
Diluted income per share $ 1.36 $ 0.88
Basic weighted average shares outstanding 3,837,081 3,834,110
Diluted weighted average shares outstanding 3,837,081 3,834,110