XML 49 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Statement (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Insurance premiums and other considerations $ 12,281,896 $ 11,893,298 $ 24,869,684 $ 24,585,601
Net investment income 6,137,898 4,717,358 12,191,945 8,987,806
Net mortuary and cemetery sales 2,626,690 2,762,610 5,501,639 5,704,603
Realized gains on investments and other assets 186,926 1,257,566 357,986 1,602,656
Other than temporary impairments on investments (45,000) (30,000) (90,000) (65,129)
Mortgage fee income 35,087,056 15,645,290 60,577,640 29,097,881
Other income 252,744 220,296 442,539 725,180
Total revenues 56,528,210 36,466,418 103,851,433 70,638,598
Benefits and expenses:        
Death benefits 4,923,798 5,135,908 10,110,097 11,284,571
Surrenders and other policy benefits 277,925 307,089 1,112,990 1,015,123
Increase in future policy benefits 5,294,936 5,407,593 10,936,560 9,538,690
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,949,308 1,955,321 3,873,735 3,955,538
Commissions 20,394,230 9,288,848 35,280,020 17,149,481
Salaries 6,807,364 5,717,905 13,320,207 11,902,692
Provision for loan losses and loss reserve 1,097,873 415,541 1,500,347 1,107,335
Costs related to funding mortgage loans 1,800,348 1,001,329 3,160,652 1,845,834
Other expenses 7,706,098 6,222,289 14,704,988 12,300,160
Interest expense 847,141 378,100 1,615,885 693,642
Cost of goods and services sold-mortuaries and cemeteries 392,812 495,317 870,983 1,026,936
Total benefits and expenses 51,491,833 36,325,240 96,486,464 71,820,002
Earnings (loss) before income taxes 5,036,377 141,178 7,364,969 (1,181,404)
Income tax (provision) benefit (1,443,345) 63,689 (2,109,754) 867,798
Net earnings (loss) $ 3,593,032 $ 204,867 $ 5,255,215 $ (313,606)
Net earnings (loss) per Class A Equivalent common share (1) $ 0.38 $ 0.02 $ 0.55 $ (0.03)
Net earnings (loss) per Class A Equivalent common share-assuming dilution (1) $ 0.36 $ 0.02 $ 0.54 $ (0.03)
Weighted-average Class A equivalent common share outstanding (1) 9,540,238 9,350,042 9,518,058 9,311,131
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 9,901,764 9,392,736 9,684,868 9,311,131