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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Premiums and policy fees $ 2,702,754 $ 2,774,763
Ceded reinsurance premiums and policy fees (726,654) (767,301)
Net investment income 3,036,484 4,018,491
Other income 115,959 185,196
Revenues before realized gains (losses) 5,128,543 6,211,149
Realized investment gains (losses), net:    
Other-than-temporary impairments (484,347) 0
Other realized investment gains, net (14,344) 3,412,233
Total realized investment gains (losses), net (498,691) 3,412,233
Total revenue 4,629,852 9,623,382
Benefits, claims and settlement expenses:    
Life 4,967,652 5,815,152
Ceded Reinsurance benefits and claims (286,110) (595,281)
Annuity 243,397 328,899
Dividends to policyholders 113,286 127,679
Commissions and amortization of deferred policy acquisition costs (35,981) (32,766)
Amortization of cost of insurance acquired 209,776 218,246
Operating expenses 2,046,057 1,774,237
Total benefits and other expenses 7,258,077 7,636,166
Income before income taxes (2,628,225) 1,987,216
Income tax (expense) benefit 513,590 (799,680)
Net income (2,114,635) 1,187,536
Net (income) loss attributable to noncontrolling interests 141,234 94,567
Net income attributable to common shareholders $ (1,973,401) $ 1,282,103
Amounts attributable to common shareholders':    
Basic income per share (in dollars per share) $ (0.59) $ 0.35
Diluted income per share (in dollars per share) $ (0.59) $ 0.35
Basic weighted average shares outstanding (in shares) 3,350,248 3,700,434
Diluted weighted average shares outstanding (in shares) 3,350,248 3,700,434