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Income Statement (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Insurance premiums and other considerations $ 12,904,843 $ 12,281,896 $ 25,326,386 $ 24,869,684
Net investment income 5,026,044 5,565,372 10,027,061 11,150,418
Net mortuary and cemetery sales 3,259,293 2,626,690 6,136,816 5,501,639
Realized gains on investments and other assets 140,182 186,926 982,760 357,986
Other than temporary impairments on investments (145,922) (45,000) (175,922) (90,000)
Mortgage fee income 39,500,034 35,659,582 72,762,915 61,619,167
Other income 647,815 252,744 1,124,507 442,539
Total revenues 61,332,289 56,528,210 116,184,523 103,851,433
Benefits and expenses:        
Death benefits 6,564,246 4,923,798 13,320,665 10,110,097
Surrenders and other policy benefits 678,579 274,250 1,428,828 1,112,990
Increase in future policy benefits 4,862,670 5,901,845 9,414,411 12,051,992
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,091,619 1,346,074 2,585,524 2,758,303
Commissions 20,877,410 20,394,230 38,447,995 35,280,020
Salaries 8,734,195 6,807,364 16,912,893 13,320,207
Provision for loan losses and loss reserve 716,001 1,097,873 1,268,290 1,500,347
Costs related to funding mortgage loans 2,039,365 1,800,348 3,646,600 3,160,652
Other expenses 9,918,320 7,706,098 18,774,920 14,704,988
Interest expense 877,806 847,141 1,685,082 1,615,885
Cost of goods and services sold-mortuaries and cemeteries 502,558 392,812 1,002,172 870,983
Total benefits and expenses 56,862,769 51,491,833 108,487,380 96,486,464
Earnings before income taxes 4,469,520 5,036,377 7,697,143 7,364,969
Income tax expense (1,670,275) (1,443,345) (2,864,632) (2,109,754)
Net earnings $ 2,799,245 $ 3,593,032 $ 4,832,511 $ 5,255,215
Net earnings per Class A Equivalent common share (1) $ 0.25 $ 0.36 $ 0.44 $ 0.52
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.24 $ 0.34 $ 0.41 $ 0.51
Weighted-average Class A equivalent common share outstanding (1) 11,046,283 10,059,155 10,991,303 10,036,975
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 11,852,940 10,438,757 11,837,108 10,212,126