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Income Statement - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Premiums and policy fees $ 2,861,481 $ 3,357,360 $ 5,798,995 $ 6,091,047
Ceded reinsurance premiums and policy fees (777,916) (827,040) (1,557,242) (1,608,023)
Net investment income 2,055,900 4,028,304 8,010,402 8,561,423
Other income 148,037 500,113 315,430 1,020,544
Revenues before realized gains 4,287,502 7,058,737 12,567,585 14,064,991
Realized investment gains (losses), net:        
Other-than-temporary impairments 0 0 0 0
Other realized investment gains, net 1,522,414 1,694,037 4,426,320 1,971,461
Total realized investment gains, net 1,522,414 1,694,037 4,426,320 1,971,461
Total revenue 5,809,916 8,752,774 16,993,905 16,036,452
Benefits, claims and settlement expenses:        
Life 5,197,017 6,445,808 9,873,230 13,131,855
Ceded Reinsurance benefits and claims (627,557) (1,124,076) (1,122,253) (2,326,546)
Annuity 280,984 283,662 530,234 562,239
Dividends to policyholders 120,962 130,145 251,598 266,317
Amortization of cost of insurance acquired 226,901 246,412 453,802 492,824
Commissions and amortization of deferred policy acquisition costs (42,051) (5,927) (84,276) (107,064)
Operating expenses 2,148,087 2,730,362 4,347,182 5,386,480
Interest expense 23,550 110,326 61,523 292,158
Total benefits and other expenses 7,327,893 8,816,712 14,311,040 17,698,263
Loss before income taxes (1,517,977) (63,938) 2,682,865 (1,661,811)
Income tax (expense) benefit 646,356 274,876 (814,893) 467,387
Net loss (871,621) 210,938 1,867,972 (1,194,424)
Net income attributable to noncontrolling interests 83,832 (196,079) (152,006) (319,033)
Net loss attributable to common shareholders' $ (787,789) $ 14,859 $ 1,715,966 $ (1,513,457)
Amounts attributable to common shareholders':        
Basic loss per share $ (0.21) $ 0.00 $ 0.46 $ (0.40)
Diluted loss per share $ (0.21) $ 0.00 $ 0.46 $ (0.40)
Basic weighted average shares outstanding 3,712,325 3,765,354 3,710,038 3,768,643
Diluted weighted average shares outstanding 3,712,325 3,765,354 3,710,038 3,768,643