XML 22 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Statement - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues:    
Insurance premiums and other considerations $ 70,412,476 $ 64,501,017
Net investment income 35,062,968 31,978,601
Net mortuary and cemetery sales 12,657,117 12,267,640
Realized losses on investments and other assets (2,948,482) (176,387)
Other than temporary impairments on investments (774,339) (270,358)
Mortgage fee income 153,797,171 189,146,639
Other income 8,719,179 6,887,749
Total revenues 276,926,090 304,334,901
Benefits and expenses:    
Death benefits 33,256,001 31,033,222
Surrenders and other policy benefits 2,839,017 2,354,158
Increase in future policy benefits 23,622,750 21,322,195
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 8,480,250 8,003,175
Selling, general and administrative expenses:    
Commissions 68,103,017 88,634,494
Personnel 70,328,830 70,254,479
Advertising 5,754,740 6,425,277
Rent and rent related 8,710,694 8,448,120
Depreciation on property and equipment 2,220,693 2,182,724
Provision for loan loss reserve   1,700,000
Costs related to funding mortgage loans 8,663,223 9,191,488
Other expenses 29,431,599 28,183,427
Interest expense 6,037,332 5,111,868
Cost of goods and services sold - mortuaries and cemeteries 1,945,832 1,787,043
Total benefits and expenses 269,393,978 284,631,670
Earnings before income taxes 7,532,112 19,703,231
Income tax benefit (expense) 6,580,822 (7,514,604)
Net earnings $ 14,112,934 $ 12,188,627
Net earnings per Class A Equivalent common share (1) $ 0.88 $ 0.78
Net earnings per Class A equivalent common share - assuming dilution (1) $ 0.87 $ 0.77
Weighted average Class A equivalent common shares outstanding (1) 15,972,329 15,575,632
Weighted average Class A equivalent common shares outstanding-assuming dilution (1) 16,285,930 15,912,592