XML 72 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Statement (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Insurance premiums and other considerations $ 13,334,986 $ 12,904,843 $ 26,464,433 $ 25,326,386
Net investment income 6,707,287 5,026,044 12,349,787 10,027,061
Net mortuary and cemetery sales 3,446,882 3,259,293 6,277,944 6,136,816
Realized gains on investments and other assets 339,852 140,182 538,845 982,760
Other than temporary impairments on investments (30,000) (145,922) (60,000) (175,922)
Mortgage fee income 34,773,299 39,500,034 57,310,837 72,762,915
Other income 839,424 647,815 1,583,160 1,124,507
Total revenues 59,411,730 61,332,289 104,465,006 116,184,523
Benefits and expenses:        
Death benefits 7,082,626 6,564,246 13,758,119 13,320,665
Surrenders and other policy benefits 627,151 678,579 1,142,763 1,428,828
Increase in future policy benefits 4,847,082 4,862,670 9,214,525 9,414,411
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,493,293 1,091,619 2,896,935 2,585,524
Commissions 16,185,164 20,877,410 26,746,045 38,447,995
Salaries 9,199,573 8,734,195 18,116,037 16,912,893
Provision for loan losses and loss reserve 571,332 716,001 943,425 1,268,290
Costs related to funding mortgage loans 1,911,634 2,039,365 3,209,319 3,646,600
Other expenses 12,009,485 9,918,320 21,799,298 18,774,920
Interest expense 786,248 877,806 1,284,112 1,685,082
Cost of goods and services sold-mortuaries and cemeteries 511,045 502,558 1,001,344 1,002,172
Total benefits and expenses 55,224,633 56,862,769 100,111,922 108,487,380
Earnings before income taxes 4,187,097 4,469,520 4,353,084 7,697,143
Income tax expense (1,563,034) (1,670,275) (1,590,173) (2,864,632)
Net earnings $ 2,624,063 $ 2,799,245 $ 2,762,911 $ 4,832,511
Net earnings per Class A Equivalent common share (1) $ 0.22 $ 0.24 $ 0.23 $ 0.41
Net earnings per Class A Equivalent common share-assuming dilution (1) $ 0.21 $ 0.22 $ 0.23 $ 0.38
Weighted-average Class A equivalent common share outstanding (1) 11,835,185 11,724,522 11,844,936 11,669,542
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 12,261,297 12,571,512 12,278,502 12,557,637