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7) Business Segments Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Table Text Block Supplement [Abstract] |
Schedule of Revenues and Expenses by Reportable Segment | The Company regularly reviews the quantitative thresholds and other criteria to determine when other business segments may need to be reported.
|  | Life Insurance |  | Cemetery/ Mortuary |  | Mortgage |  | Intercompany Eliminations |  | Consolidated
For the Three Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2020 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 39,261,044 |  | $ 5,495,990 |  | $ 101,447,531 |  | $ - |  | $ 146,204,565
Intersegment revenues |  | 2,952,836 |  | 79,096 |  | 168,890 |  | (3,200,822) |  | -
Segment profit before income taxes |  | 4,807,280 |  | 1,322,303 |  | 32,454,348 |  | - |  | 38,583,931
|  |  |  | - |  |  |  |  |  |
For the Three Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2019 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 29,824,686 |  | $ 3,570,419 |  | $ 41,984,554 |  | $ - |  | $ 75,379,659
Intersegment revenues |  | 1,465,778 |  | 106,638 |  | 120,891 |  | (1,693,307) |  | -
Segment profit before income taxes |  | 1,263,836 |  | 213,198 |  | 3,282,788 |  | - |  | 4,759,822
For the Nine Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2020 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 110,255,399 |  | $ 14,815,991 |  | $ 219,403,866 |  | $ - |  | $ 344,475,256
Intersegment revenues |  | 5,677,189 |  | 272,409 |  | 559,923 |  | (6,509,521) |  | -
Segment profit before income taxes |  | 5,408,482 |  | 2,975,556 |  | 58,867,883 |  | - |  | 67,251,921
Identifiable Assets |  | 1,232,786,760 |  | 55,339,760 |  | 443,756,079 |  | (88,204,200) |  | 1,643,678,399
Goodwill |  | 2,765,570 |  | 754,018 |  | - |  | - |  | 3,519,588
Total Assets |  | 1,235,552,330 |  | 56,093,778 |  | 443,756,079 |  | (88,204,200) |  | 1,647,197,987
For the Nine Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2019 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 88,937,110 |  | $ 12,472,711 |  | $ 103,908,855 |  | $ - |  | $ 205,318,676
Intersegment revenues |  | 3,441,497 |  | 336,911 |  | 372,170 |  | (4,150,578) |  | -
Segment profit before income taxes |  | 4,568,178 |  | 2,421,845 |  | 4,825,801 |  | - |  | 11,815,824
Identifiable Assets |  | 941,739,161 |  | 84,250,592 |  | 243,272,631 |  | (110,132,588) |  | 1,159,129,796
Goodwill |  | 2,765,570 |  | 754,018 |  | - |  | - |  | 3,519,588
Total Assets |  | 944,504,731 |  | 85,004,610 |  | 243,272,631 |  | (110,132,588) |  | 1,162,649,384

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