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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Mortgage fee income $ 21,831,670 $ 25,989,006
Insurance premiums and other considerations 29,852,093 27,967,292
Net investment income 19,946,568 17,774,883
Net mortuary and cemetery sales 6,948,491 6,471,429
Gains on investments and other assets 1,669,426 111,154
Other 939,950 1,186,970
Total revenues 81,188,198 79,500,734
Benefits and expenses:    
Death benefits 15,713,753 16,678,366
Surrenders and other policy benefits 1,215,793 1,132,693
Increase in future policy benefits 9,345,887 8,054,939
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 4,743,913 4,883,581
Selling, general and administrative expenses:    
Commissions 7,981,217 9,673,310
Personnel 19,855,135 21,962,512
Advertising 687,655 903,411
Rent and rent related 1,401,477 1,776,780
Depreciation on property and equipment 587,449 588,416
Costs related to funding mortgage loans 1,449,095 1,842,342
Other 6,285,910 7,780,535
Interest expense 1,027,474 1,453,333
Cost of goods and services sold-mortuaries and cemeteries 1,274,129 1,185,628
Total benefits and expenses 71,568,887 77,915,846
Earnings before income taxes 9,619,311 1,584,888
Income tax expense (2,144,789) (344,716)
Net earnings $ 7,474,522 $ 1,240,172
Net earnings per Class A Equivalent common share [1] $ 0.34 $ 0.06
Net earnings per Class A Equivalent common share-assuming dilution [1] $ 0.33 $ 0.05
Weighted-average Class A equivalent common shares outstanding [1] 22,219,490 22,129,713
Weighted-average Class A equivalent common shares outstanding-assuming dilution [1] 22,945,842 22,687,773
[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.