XML 64 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Statement of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net cash provided by (used in) operating activities $ (18,837,963) $ 40,505,997
Securities held to maturity:    
Purchase-fixed maturity securities (5,890,324) (362,817)
Calls and maturities - fixed maturity securities 8,590,035 4,769,126
Securities available for sale:    
Purchase - equity securities (2,285,429) (4,339,038)
Sales - equity securities 1,570,539 1,714,695
Purchase of short-term investments (26,379,029) (10,206,586)
Sales of short-term investments 32,111,993 2,074,245
Purchases of restricted assets (688,872) (200,415)
Changes in assets for perpetual care trusts (168,603) (120,398)
Amount received for perpetual care trusts 45,929 66,077
Mortgage, policy, and other loans made (180,978,933) (118,680,888)
Payments received for mortgage, policy and other loans 186,813,832 91,321,359
Purchase of property and equipment (1,733,693) (733,243)
Sale of property and equipment 2,000  
Purchase of real estate (7,053,011) (3,871,169)
Sale of real estate 4,973,199 2,332,579
Cash received from reinsurance 24,020,215 7,304,993
Cash paid for purchase of subsidiaries, net of cash acquired   (15,011,193)
Net cash provided by (used in) investing activities 32,949,848 (43,942,673)
Cash flows from financing activities:    
Annuity contract receipts 5,244,513 5,037,585
Annuity contract withdrawals (6,327,811) (7,503,928)
Proceeds from stock options exercised 17,551 50,299
Repayment of bank loans on notes and contracts (1,208,965) (1,174,015)
Proceeds from borrowing on bank loans 5,582,869 30,159
Net cash provided by (used in) financing activities 3,308,157 (3,559,900)
Net change in cash and cash equivalents 17,420,042 (6,996,576)
Cash and cash equivalents at beginning of period 30,855,320 38,203,164
Cash and cash equivalents at end of period 48,275,362 31,206,588
Non Cash Investing and Financing Activities    
Mortgage loans foreclosed into real estate $ 2,389,330 $ 886,576