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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Mortgage fee income $ 65,157,813 $ 73,368,333 $ 138,156,425 $ 113,650,094
Insurance premiums and other considerations 24,959,028 22,924,709 48,309,238 45,215,985
Net investment income 14,177,318 12,962,745 28,471,205 26,363,244
Net mortuary and cemetery sales 6,318,398 4,700,778 12,260,524 9,158,869
Gains (losses) on investments and other assets 1,477,204 2,238,279 3,437,317 (973,968)
Other 4,660,554 2,466,898 8,774,212 4,856,467
Total revenues 116,750,315 118,661,742 239,408,921 198,270,691
Benefits and expenses:        
Death benefits 14,844,067 13,586,723 33,156,073 26,994,350
Surrenders and other policy benefits 670,957 838,191 1,748,601 1,908,666
Increase in future policy benefits 7,400,716 6,603,843 11,655,374 13,641,876
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 3,654,061 3,026,666 7,230,926 6,541,723
Selling, general and administrative expenses:        
Commissions 29,893,565 27,239,088 62,623,245 43,793,831
Personnel 24,328,690 20,538,655 48,700,195 39,258,653
Advertising 1,597,067 1,229,841 3,398,065 2,235,158
Rent and rent related 1,874,348 1,662,853 3,740,246 3,277,594
Depreciation on property and equipment 473,478 518,070 975,123 1,034,283
Costs related to funding mortgage loans 2,739,500 2,378,815 5,676,725 4,335,097
Other 12,029,714 11,303,388 23,979,578 21,378,930
Interest expense 1,694,012 1,881,440 3,519,611 3,700,049
Cost of goods and services sold-mortuaries and cemeteries 872,788 660,413 1,972,752 1,502,491
Total benefits and expenses 102,072,963 91,467,986 208,376,514 169,602,701
Earnings before income taxes 14,677,352 27,193,756 31,032,407 28,667,990
Income tax expense (3,419,873) (6,636,709) (7,646,213) (6,686,494)
Net earnings $ 11,257,479 $ 20,557,047 $ 23,386,194 $ 21,981,496
Net earnings per Class A Equivalent common share (1) $ 0.56 $ 1.04 $ 1.16 $ 1.12
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.54 $ 1.02 $ 1.12 $ 1.10
Weighted-average Class A equivalent common shares outstanding (1) 20,106,954 19,719,792 20,093,834 19,658,351
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 20,891,771 20,159,385 20,919,882 20,007,853