XML 137 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Statement (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Insurance premiums and other considerations $ 50,471,658 $ 48,216,327 $ 48,457,405
Net investment income 20,354,002 21,915,577 18,570,077
Net mortuary and cemetery sales 12,000,375 10,864,497 10,761,469
Realized gains on investments and other assets 1,418,051 1,424,510 2,464,353
Other than temporary impairments (336,226) (1,207,632) (840,735)
Mortgage fee income 128,800,930 151,887,838 79,045,732
Other income 2,606,230 1,159,052 1,108,969
Total revenues 215,315,020 234,260,169 159,567,270
Benefits and expenses:      
Death benefits 26,048,325 22,277,037 22,184,112
Surrenders and other policy benefits 2,486,611 1,969,051 1,761,608
Increase in future policy benefits 19,594,890 21,435,191 22,258,241
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 5,181,837 5,449,429 5,769,348
Commissions 65,979,564 83,840,427 47,514,804
Salaries 33,019,624 27,098,570 22,477,563
Provision for loan losses and loss reserve 1,751,472 4,239,418 2,070,399
Costs related to funding mortgage loans 6,635,290 6,931,045 4,240,377
Other expenses 40,021,077 34,200,460 26,210,359
Interest expense 2,853,701 3,744,293 1,961,249
Cost of goods and services sold - mortuaries and cemeteries 1,918,902 1,723,955 1,882,657
Total benefits and expenses 205,491,293 212,908,876 158,330,717
Earnings before income taxes 9,823,727 21,351,293 1,236,553
Income tax benefit (expense) (2,237,806) (4,638,775) 62,205
Net earnings $ 7,585,921 $ 16,712,518 $ 1,298,758
Net earnings per Class A equivalent common share (1) $ 0.65 $ 1.55 $ 0.12
Net earnings per Class A equivalent common share - assuming dilution(1) $ 0.61 $ 1.47 $ 0.12
Weighted average Class A equivalent common shares outstanding (1) 11,751,428 10,812,967 10,572,201
Weighted average Class A equivalent common shares outstanding-assuming dilution (1) 12,337,663 11,383,711 10,685,545