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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Mortgage fee income $ 29,485,104 $ 29,619,516 $ 54,294,345 $ 51,451,186
Insurance premiums and other considerations 30,185,854 29,960,558 59,965,379 59,812,651
Net investment income 20,580,988 18,044,808 39,783,612 37,991,376
Net mortuary and cemetery sales 7,257,717 7,768,947 14,557,938 14,717,438
Gains (losses) on investments and other assets 1,142,707 (377,239) 1,728,728 1,292,187
Other 888,779 774,746 1,950,870 1,714,696
Total revenues 89,541,149 85,791,336 172,280,872 166,979,534
Benefits and expenses:        
Death benefits 15,021,638 14,070,165 31,067,103 29,783,918
Surrenders and other policy benefits 1,231,654 1,042,940 2,433,209 2,258,733
Increase in future policy benefits 8,800,130 9,212,937 17,788,187 18,558,824
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 5,737,675 4,301,389 10,434,210 9,045,302
Selling, general and administrative expenses:        
Commissions 13,465,338 13,452,841 23,903,719 21,434,058
Personnel 22,171,345 20,802,576 44,353,753 40,657,711
Advertising 940,448 786,217 1,764,393 1,473,872
Rent and rent related 937,139 1,297,239 1,925,750 2,698,716
Depreciation on property and equipment 599,018 592,899 1,214,153 1,180,348
Costs related to funding mortgage loans 1,891,789 1,533,881 3,307,041 2,982,976
Other 7,955,635 6,999,384 15,356,322 13,285,294
Interest expense 1,293,438 1,073,816 2,412,966 2,101,290
Cost of goods and services sold-mortuaries and cemeteries 1,159,283 1,235,459 2,412,553 2,509,588
Total benefits and expenses 81,204,530 76,401,743 158,373,359 147,970,630
Earnings before income taxes 8,336,619 9,389,593 13,907,513 19,008,904
Income tax expense (1,830,264) (2,118,044) (3,062,866) (4,262,833)
Net earnings $ 6,506,355 $ 7,271,549 $ 10,844,647 $ 14,746,071
Net earnings per Class A Equivalent common share [1] $ 0.26 $ 0.30 $ 0.44 $ 0.60
Net earnings per Class A Equivalent common share-assuming dilution [1] $ 0.25 $ 0.29 $ 0.42 $ 0.59
Weighted-average Class A equivalent common shares outstanding [1] 24,767,601 24,474,232 24,733,733 24,490,545
Weighted-average Class A equivalent common shares outstanding-assuming dilution [1] 25,529,061 25,079,560 25,623,228 25,186,838
[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.