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Consolidated Statements of Earnings - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Mortgage fee income $ 98,147,972 $ 173,499,681
Insurance premiums and other considerations 114,658,436 105,001,640
Net investment income 72,343,047 66,197,592
Net mortuary and cemetery sales 27,864,811 26,993,855
Gains (losses) on investments and other assets 1,837,342 (857,460)
Other 3,645,882 18,817,020
Total revenues 318,497,490 389,652,328
Benefits and expenses:    
Death benefits 61,390,517 59,377,962
Surrenders and other policy benefits 4,612,346 4,688,470
Increase in future policy benefits 34,008,997 28,858,969
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 18,024,338 17,950,202
Selling, general and administrative expenses:    
Commissions 39,929,556 63,321,092
Personnel 83,141,759 100,111,523
Advertising 3,710,445 5,697,998
Rent and rent related 6,857,137 6,883,013
Depreciation on property and equipment 2,351,661 2,496,906
Costs related to funding mortgage loans 6,440,439 7,540,041
Other 32,058,856 45,797,753
Interest expense 4,865,327 7,830,443
Cost of goods and services sold – cemeteries and mortuaries 4,805,700 4,721,094
Total benefits and expenses 302,197,078 355,275,466
Earnings before income taxes 16,300,412 34,376,862
Income tax expense (1,805,354) (8,686,560)
Net earnings $ 14,495,058 $ 25,690,302
Net earnings per Class A equivalent common share [1] $ 0.66 $ 1.16
Net earnings per Class A equivalent common share -  assuming dilution [1] $ 0.64 $ 1.12
Weighted average Class A equivalent common shares  outstanding [1] 22,083,772 22,187,410
Weighted average Class A equivalent common shares outstanding-assuming dilution [1] 22,677,968 23,036,128
[1] Net 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.