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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Insurance premiums and other considerations $ 18,639,401 $ 17,489,560 $ 56,640,590 $ 52,345,184
Net investment income 9,641,496 8,220,430 29,457,892 25,559,113
Net mortuary and cemetery sales 3,646,290 2,717,311 10,430,128 9,356,659
Gains on investments and other assets 1,022,427 (319,666) 25,371,595 713,066
Other than temporary impairments on investments 0 (163,375) 0 (481,741)
Mortgage fee income 31,664,704 41,597,573 88,833,944 122,086,734
Other Revenues 2,608,775 2,288,982 7,430,179 6,393,691
Total revenues 67,223,093 71,830,815 218,164,328 215,972,706
Benefits and expenses:        
Death benefits 8,616,285 8,772,153 27,579,540 26,113,770
Surrenders and other policy benefits 692,445 547,648 2,198,479 2,085,296
Increase in future policy benefits 6,686,536 6,735,141 18,420,499 17,669,279
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 2,746,288 2,238,955 7,967,003 6,271,763
Selling, general and administrative expenses:        
Commissions 13,619,192 18,999,583 39,361,315 53,877,389
Personnel 17,075,236 17,059,279 50,547,638 53,754,920
Advertising 1,423,933 1,611,599 3,647,610 4,407,877
Rent and rent related 1,913,813 2,257,259 5,806,296 6,693,292
Depreciation on property and equipment 457,430 517,041 1,426,087 1,723,879
Costs related to funding mortgage loans 1,732,617 2,809,471 5,147,557 7,315,227
Other 7,616,264 7,035,570 21,562,432 22,227,370
Interest expense 1,855,548 1,655,870 5,297,066 4,295,263
Cost of goods and services sold-mortuaries and cemeteries 575,708 453,229 1,641,596 1,507,295
Total benefits and expenses 65,011,295 70,692,798 190,603,118 207,942,620
Earnings before income taxes 2,211,798 1,138,017 27,561,210 8,030,086
Income tax expense (198,052) (41,179) (5,383,324) (2,587,384)
Net earnings $ 2,013,746 $ 1,096,838 $ 22,177,886 $ 5,442,702
Net earnings per Class A Equivalent common share (1) $ 0.12 $ 0.07 $ 1.36 $ 0.34
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.12 $ 0.07 $ 1.35 $ 0.33
Weighted-average Class A equivalent common share outstanding (1) 16,330,839 16,026,199 16,250,714 15,928,911
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 16,554,334 16,326,292 16,462,877 16,259,931