XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Earnings - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Mortgage fee income $ 263,418,230 $ 298,933,110
Insurance premiums and other considerations 100,254,573 93,020,617
Net investment income 58,264,683 56,329,803
Net mortuary and cemetery sales 23,997,313 20,307,435
Gains on investments and other assets 6,265,134 1,925,850
Other than temporary impairments on investments (39,502) (370,975)
Other 18,535,111 11,317,482
Total revenues 470,695,542 481,463,322
Benefits and expenses:    
Death benefits 63,247,616 59,040,130
Surrenders and other policy benefits 3,970,839 3,801,230
Increase in future policy benefits 26,263,312 23,568,650
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 16,142,970 14,307,425
Selling, general and administrative expenses:    
Commissions 118,286,469 124,426,297
Personnel 100,740,161 84,989,971
Advertising 6,626,418 5,380,896
Rent and rent related 7,242,287 6,873,561
Depreciation on property and equipment 1,935,613 2,078,738
Provision for loan loss reserve 16,506,030
Costs related to funding mortgage loans 10,541,570 9,877,700
Other 53,065,982 47,331,102
Interest expense 7,127,516 8,578,810
Cost of goods and services sold – cemeteries and mortuaries 3,704,014 3,252,655
Total benefits and expenses 418,894,767 410,013,195
Earnings before income taxes 51,800,775 71,450,127
Income tax expense (12,281,785) (15,853,514)
Net earnings $ 39,518,990 $ 55,596,613
Net earnings per Class A equivalent common share [1] $ 1.96 $ 2.81
Net earnings per Class A equivalent common share - assuming dilution [1] $ 1.89 $ 2.74
Weighted average Class A equivalent common shares outstanding [1] 20,154,878 19,788,984
Weighted average Class A equivalent common shares outstanding-assuming dilution [1] 20,929,084 20,254,407
[1] Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share.