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Income Statement (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Premiums and policy fees $ 3,158,614 $ 3,367,828 $ 10,155,175 $ 10,769,842
Ceded reinsurance premiums and policy fees (830,087) (1,150,510) (2,602,152) (2,981,483)
Net investment income 4,611,440 (4,055,513) 13,990,695 7,811,063
Other income 514,850 519,190 1,594,029 1,520,894
Revenues before realized gains 7,454,817 (1,319,005) 23,137,747 17,120,316
Other-than-temporary impairments 0 0 0 (262,067)
Other realized investment gains, net 255,555 562,447 11,238,250 2,483,955
Total realized investment gains, net 255,555 562,447 11,238,250 2,221,888
Total revenues 7,710,372 (756,558) 34,375,997 19,342,204
Benefits and other expenses:        
Life 6,570,185 6,090,616 17,967,145 15,866,565
Ceded Reinsurance benefits and claims (1,864,743) (1,398,015) (3,893,151) (2,908,849)
Annuity 298,940 282,967 777,859 806,508
Dividends to policyholders 107,293 109,097 373,563 400,882
Commissions and amortization of deferred policy acquisition costs (140,218) (246,563) (424,702) (678,392)
Amortization of cost of insurance acquired 286,376 307,753 859,126 923,261
Operating expenses 1,767,229 1,635,300 7,053,358 5,766,102
Interest expense 67,568 99,300 222,266 239,263
Total benefits and other expenses 7,092,630 6,880,455 22,935,464 20,415,340
Income before income taxes 617,742 (7,637,013) 11,440,533 (1,073,136)
Income tax expense (288,007) 2,345,119 (4,017,248) 961,408
Net income 329,735 (5,291,894) 7,423,285 (111,728)
Net income attributable to noncontrolling interests (200,212) 604,734 (626,590) 40,469
Net income attributable to common shareholders' $ 129,523 $ (4,687,160) $ 6,796,695 $ (71,259)
Basic income per share (in dollars per share) $ 0.03 $ (1.23) $ 1.78 $ (0.02)
Diluted income per share (in dollars per share) $ 0.03 $ (1.23) $ 1.78 $ (0.02)
Basic weighted average shares outstanding (in shares) 3,797,779 3,807,430 3,816,354 3,815,602
Diluted weighted average shares outstanding (in shares) 3,797,779 3,807,430 3,816,354 3,815,602