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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Mortgage fee income $ 28,607,888 $ 66,257,851 $ 118,983,231 $ 204,414,276
Insurance premiums and other considerations 26,237,417 26,445,618 78,491,364 74,754,856
Net investment income 18,603,070 15,092,962 49,768,664 43,564,167
Net mortuary and cemetery sales 6,470,363 5,967,675 20,926,587 18,228,199
Gains (losses) on investments and other assets (2,178,952) 976,900 (2,921,372) 4,414,217
Other 5,737,434 4,768,125 16,221,307 13,542,337
Total revenues 83,477,220 119,509,131 281,469,781 358,918,052
Benefits and expenses:        
Death benefits 13,996,753 15,474,512 45,720,503 48,630,585
Surrenders and other policy benefits 1,337,507 977,190 3,814,442 2,725,791
Increase in future policy benefits 7,389,732 7,485,565 20,761,276 19,140,939
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 5,061,713 4,709,979 13,511,235 11,940,905
Selling, general and administrative expenses:        
Commissions 15,004,275 28,769,191 53,303,814 91,392,436
Personnel 24,392,703 25,122,254 76,772,417 73,822,449
Advertising 1,372,636 1,691,236 4,680,169 5,089,301
Rent and rent related 1,701,164 1,853,960 5,062,696 5,594,206
Depreciation on property and equipment 636,246 412,152 1,880,095 1,387,275
Costs related to funding mortgage loans 1,371,315 2,379,085 6,255,415 8,055,810
Other 11,178,276 13,775,139 34,444,040 37,754,717
Interest expense 2,136,763 1,807,461 5,764,327 5,327,072
Cost of goods and services sold-mortuaries and cemeteries 1,200,481 908,014 3,628,334 2,880,766
Total benefits and expenses 86,779,564 105,365,738 275,598,763 313,742,252
Earnings (loss) before income taxes (3,302,344) 14,143,393 5,871,018 45,175,800
Income tax benefit (expense) 949,159 (3,352,663) (1,421,036) (10,998,876)
Net earnings (loss) $ (2,353,185) $ 10,790,730 $ 4,449,982 $ 34,176,924
Net earnings (loss) per Class A Equivalent common share (1) [1] $ (0.11) $ 0.51 $ 0.21 $ 1.62
Net earnings (loss) per Class A Equivalent common share-assuming dilution (1) [1] $ (0.11) $ 0.49 $ 0.20 $ 1.56
Weighted-average Class A equivalent common shares outstanding (1) [1] 20,926,823 21,152,747 21,164,377 21,109,092
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) [1] 21,612,255 22,013,714 21,947,584 21,960,052
[1] Net earnings (loss) 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 (loss) per common share represent net earnings (loss) per equivalent Class A common share.