XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Insurance premiums and other considerations $ 19,645,218 $ 19,190,831 $ 38,672,220 $ 38,001,189
Net investment income 10,540,835 9,741,965 20,582,503 19,816,396
Net mortuary and cemetery sales 4,000,730 3,551,109 7,679,358 6,783,838
Gains (losses) on investments and other assets (1,025,893) 2,328,229 780,768 24,349,168
Mortgage fee income 32,946,567 31,709,080 57,425,438 57,169,240
Other Revenues 2,337,725 2,343,912 4,798,730 4,821,404
Total revenues 68,445,182 68,865,126 129,939,017 150,941,235
Benefits and expenses:        
Death benefits 9,248,796 9,355,157 19,326,699 18,963,255
Surrenders and other policy benefits 763,978 695,906 1,629,909 1,506,034
Increase in future policy benefits 5,676,111 6,149,027 11,427,241 11,733,963
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 3,073,478 2,110,782 6,201,752 5,220,715
Selling, general and administrative expenses:        
Commissions 13,853,889 14,459,722 23,528,981 25,742,123
Personnel 15,699,260 16,905,714 30,730,596 33,472,402
Advertising 1,171,903 1,194,086 2,205,078 2,223,677
Rent and rent related 1,724,179 1,929,133 3,628,467 3,892,483
Depreciation on property and equipment 422,926 491,626 872,606 968,657
Costs related to funding mortgage loans 1,559,289 2,045,659 2,914,214 3,414,940
Other 8,154,367 7,135,844 15,799,494 13,946,168
Interest expense 1,782,557 1,679,841 3,274,444 3,441,518
Cost of goods and services sold-mortuaries and cemeteries 690,606 550,398 1,343,534 1,065,888
Total benefits and expenses 63,821,339 64,702,895 122,883,015 125,591,823
Earnings before income taxes 4,623,843 4,162,231 7,056,002 25,349,412
Income tax expense (1,143,789) (924,014) (1,645,630) (5,185,272)
Net earnings $ 3,480,054 $ 3,238,217 $ 5,410,372 $ 20,164,140
Earnings Per Share, Basic $ 0.20 $ 0.19 $ 0.31 $ 1.18
Earnings Per Share, Diluted $ 0.20 $ 0.19 $ 0.31 $ 1.17
Weighted Average Number of Shares Outstanding, Basic 17,255,902 17,074,815 17,247,778 17,031,804
Weighted Average Number of Shares Outstanding, Diluted 17,473,804 17,320,589 17,470,726 17,249,536