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Income Statement (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Insurance premiums and other considerations $ 12,593,886 $ 12,045,553 $ 37,920,272 $ 36,915,237
Net investment income 5,254,047 5,570,951 15,281,108 16,721,369
Net mortuary and cemetery sales 2,887,855 2,619,605 9,024,671 8,121,244
Realized gains on investments and other assets 194,727 222,621 1,177,487 580,607
Other than temporary impairments on investments (30,000) (440,315) (205,922) (530,315)
Mortgage fee income 28,897,521 43,456,537 101,660,436 105,075,705
Other income 754,755 272,951 1,879,262 715,490
Total revenues 50,552,791 63,747,903 166,737,314 167,599,337
Benefits and expenses:        
Death benefits 6,144,319 5,914,468 19,464,984 16,024,565
Surrenders and other policy benefits 632,374 453,838 2,061,202 1,566,828
Increase in future policy benefits 5,079,645 5,642,818 14,494,056 17,694,810
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,178,579 1,094,886 3,764,103 3,853,189
Commissions 14,361,623 23,486,730 52,809,618 58,766,750
Salaries 8,492,420 6,924,095 24,237,358 19,358,604
Provision for loan losses and loss reserve 395,605 1,763,090 1,663,895 3,263,437
Costs related to funding mortgage loans 1,544,229 1,980,512 5,190,829 5,141,164
Other expenses 9,626,035 8,749,357 29,568,910 24,340,043
Interest expense 667,237 1,142,428 2,352,319 2,758,313
Cost of goods and services sold-mortuaries and cemeteries 466,441 463,386 1,468,613 1,334,369
Total benefits and expenses 48,588,507 57,615,608 157,075,887 154,102,072
Earnings before income taxes 1,964,284 6,132,295 9,661,427 13,497,265
Income tax expense (697,793) (2,142,249) (3,562,425) (4,252,003)
Net earnings $ 1,266,491 $ 3,990,046 $ 6,099,002 $ 9,245,262
Net earnings per Class A Equivalent common share (1) $ 0.11 $ 0.39 $ 0.55 $ 0.92
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.11 $ 0.36 $ 0.52 $ 0.92
Weighted-average Class A equivalent common share outstanding (1) 11,307,249 10,104,202 11,097,776 10,059,548
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 11,828,052 11,000,772 11,666,680 10,072,952