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Statement of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss attributable to common shareholders $ 1,593,985 $ 1,530,946
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization (accretion) of investments (1,317,429) (3,197,526)
Realized investment gains, net (4,481,591) (288,811)
Unrealized trading (gains) losses included in income 71,650 (249,992)
Amortization of deferred policy acquisition costs 369,786 42,324
Amortization of cost of insurance acquired 739,236 798,264
Depreciation 1,116,486 954,827
Net income attributable to noncontrolling interest 484,796 480,342
Charges for mortality and administration of universal life and annuity products (5,001,163) (5,171,353)
Interest credited to account balances 3,800,529 3,893,025
Change in accrued investment income 218,680 288,854
Change in reinsurance receivables 628,879 505,768
Change in policy liabilities and accruals (4,940,058) (4,680,614)
Change in income taxes receivable (payable) (485,422) (3,866,361)
Change in other assets and liabilities, net 2,984,740 3,005,247
Net cash used in operating activities (4,216,896) (5,955,060)
Proceeds from investments sold and matured:    
Fixed maturities available for sale 20,787,523 27,476,702
Equity securities available for sale 6,303,763 528,114
Trading securities 1,051,502 24,017,415
Mortgage loans 1,762,505 15,094,812
Discounted mortgage loans 3,236,923 6,182,319
Real estate 19,525,094 7,301,330
Policy loans 2,590,935 2,758,116
Proceeds from Short-Term Investments 888,384 0
Total proceeds from investments sold and matured 56,146,629 83,358,808
Cost of investments acquired:    
Fixed maturities available for sale (19,580,517) (21,602,005)
Equity securities available for sale (6,554,165) (8,996,880)
Trading securities (22,524) (23,105,651)
Mortgage loans (1,727,681) (9,986,840)
Discounted mortgage loans (611,723) (1,455,670)
Real estate (7,111,362) (9,404,269)
Policy loans (1,934,852) (2,204,016)
Short-term investments (4,982,679) (25,000)
Total cost of investments acquired (42,525,503) (76,780,331)
Sale of property and equipment (1,600,000) 0
Net cash provided by investing activities 12,021,126 6,578,477
Cash flows from financing activities:    
Policyholder contract deposits 4,095,032 4,461,097
Policyholder contract withdrawals (4,584,472) (4,056,584)
Proceeds from notes payable/line of credit 1,600,000 0
Payments of principal on notes payable/line of credit (1,500,000) (1,857,954)
Purchase of treasury stock (269,429) (238,305)
Sale of block of business (3,045,574) 0
Distributions to minority interests of consolidated subsidiaries (1,472,522) 0
Net cash provided by (used in) financing activities (5,176,965) (1,691,746)
Net increase (decrease) in cash and cash equivalents 2,627,265 (1,068,329)
Cash and cash equivalents at beginning of period 19,838,618 23,321,246
Cash and cash equivalents at end of period $ 22,465,883 $ 22,252,917