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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Mortgage fee income $ 29,139,245 $ 30,224,092 $ 83,433,590 $ 81,675,278
Insurance premiums and other considerations 29,880,785 30,011,081 89,846,164 89,823,732
Net investment income 20,109,600 17,799,096 59,893,212 55,790,472
Net mortuary and cemetery sales 7,140,942 6,814,331 21,698,880 21,531,769
Gains on investments and other assets 1,972,198 1,347,656 3,700,926 2,639,843
Other 1,083,393 2,077,431 3,034,263 3,792,127
Total revenues 89,326,163 88,273,687 261,607,035 255,253,221
Benefits and expenses:        
Death benefits 15,182,809 13,570,336 46,249,912 43,354,254
Surrenders and other policy benefits 1,374,289 1,194,692 3,807,498 3,453,425
Increase in future policy benefits 8,376,973 8,589,354 26,165,160 27,148,178
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 5,533,421 2,287,003 15,967,631 11,332,305
Selling, general and administrative expenses:        
Commissions 13,054,117 13,204,406 36,957,836 34,638,464
Personnel 21,519,038 21,249,554 65,872,791 61,907,265
Advertising 983,291 907,528 2,747,684 2,381,400
Rent and rent related 947,664 1,380,076 2,873,414 4,078,792
Depreciation on property and equipment 607,300 611,475 1,821,453 1,791,823
Costs related to funding mortgage loans 1,813,814 1,694,791 5,120,855 4,677,767
Other 7,600,542 6,191,624 22,956,864 19,476,918
Interest expense 1,066,528 1,060,653 3,479,494 3,161,943
Cost of goods and services sold-mortuaries and cemeteries 1,113,425 1,117,513 3,525,978 3,627,101
Total benefits and expenses 79,173,211 73,059,005 237,546,570 221,029,635
Earnings before income taxes 10,152,952 15,214,682 24,060,465 34,223,586
Income tax expense (2,337,926) (3,383,238) (5,400,792) (7,646,071)
Net earnings $ 7,815,026 $ 11,831,444 $ 18,659,673 $ 26,577,515
Net earnings per Class A Equivalent common share [1] $ 0.32 $ 0.48 $ 0.75 $ 1.09
Net earnings per Class A Equivalent common share-assuming dilution [1] $ 0.31 $ 0.47 $ 0.73 $ 1.05
Weighted-average Class A equivalent common shares outstanding [1] 24,709,518 24,418,679 24,725,938 24,465,661
Weighted-average Class A equivalent common shares outstanding-assuming dilution [1] 25,401,445 25,272,078 25,554,177 25,197,013
[1] Net earnings per share 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.