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Income Statement - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Insurance premiums and other considerations $ 17,498,500 $ 15,899,526 $ 34,855,624 $ 30,351,101
Net investment income 9,747,475 9,135,820 19,310,757 18,128,011
Net mortuary and cemetery sales 3,280,375 3,520,071 6,639,348 6,765,927
Realized gains on investments and other assets 887,402 120,543 1,032,732 218,465
Other than temporary impairments on investments (266,227) (30,000) (318,366) (103,630)
Mortgage fee income 39,948,197 49,825,887 78,376,051 91,037,895
Other income 2,075,836 1,615,380 4,104,709 3,145,806
Total revenues 73,171,558 80,087,227 144,000,855 149,543,575
Benefits and expenses:        
Death benefits 8,547,019 7,336,129 17,341,617 15,160,130
Surrenders and other policy benefits 680,117 560,859 1,537,648 1,079,180
Increase in future policy benefits 5,366,096 5,272,358 10,934,138 9,394,059
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,768,769 1,707,552 4,032,808 3,920,388
Selling, general and administrative expenses:        
Commissions 18,522,758 24,608,753 34,877,806 43,819,721
Personnel 17,964,918 17,582,835 36,554,605 34,780,207
Advertising 1,485,604 1,969,945 2,796,278 3,047,955
Rent and rent related 2,296,495 2,048,397 4,436,033 4,112,722
Depreciation on property and equipment 581,026 536,489 1,206,838 1,057,944
Costs related to funding mortgage loans 2,286,107 1,958,625 4,505,756 4,591,379
Other expenses 7,760,849 6,832,076 15,191,800 13,312,787
Interest expense 1,385,354 1,235,151 2,639,393 2,299,346
Cost of goods and services sold-mortuaries and cemeteries 532,147 452,172 1,054,066 910,791
Total benefits and expenses 69,177,259 72,101,341 137,108,786 137,486,609
Earnings before income taxes 3,994,299 7,985,886 6,892,069 12,056,966
Income tax expense (1,508,435) (2,968,880) (2,546,205) (4,502,019)
Net earnings $ 2,485,864 $ 5,017,006 $ 4,345,864 $ 7,554,947
Net earnings per Class A Equivalent common share (1) $ 0.16 $ 0.34 $ 0.29 $ 0.51
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.16 $ 0.33 $ 0.28 $ 0.50
Weighted-average Class A equivalent common share outstanding (1) 15,161,689 14,747,976 15,110,119 14,702,187
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 15,492,277 15,111,324 15,454,507 15,114,535