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Condensed Consolidated Income Statements (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUE    
Premiums and other considerations$ 17,436,621$ 11,699,448$ 42,965,639$ 31,713,275
Premiums ceded(3,160,584)(2,386,476)(8,309,966)(5,979,077)
Net premiums earned14,276,0379,312,97234,655,67325,734,198
Investment income, net of expenses4,417,4054,293,46512,859,99912,808,588
Net realized investment gains (losses) on investments:    
Total other-than-temporary impairment losses (225,632) (225,632)
Other net realized investment gains (losses)(2,022)1,292,72036,3341,870,450
Net realized investment gains (losses) on investments(2,022)1,067,08836,3341,644,818
Consideration on reinsurance assumed94,034,9783,810,01894,048,0953,810,018
Other income441,439379,8811,250,0031,984,219
Total revenue113,167,83718,863,424142,850,10445,981,841
BENEFITS AND EXPENSES    
Death and other benefits9,438,4127,349,25426,791,80723,270,784
Guaranteed annual endowments108,001110,407364,366376,578
Dividends to policyholders98,820103,160352,392362,799
Increase in benefit reserves and unearned premiums99,349,0046,156,589103,477,7568,570,540
Acquisition costs deferred(1,758,703)(1,194,623)(4,384,921)(3,485,347)
Amortization of deferred acquisition costs1,735,8531,420,1444,728,0714,118,688
Commissions1,155,284634,6182,688,5311,872,270
Other general and administrative expenses3,069,9462,403,1398,762,3037,865,581
Total benefits and expenses113,196,61716,982,688142,780,30542,951,893
INCOME (LOSS) BEFORE FEDERAL INCOME TAXES(28,780)1,880,73669,7993,029,948
PROVISION (BENEFIT) FOR FEDERAL INCOME TAXES    
Current26,884285,158190,048344,543
Deferred(35,699)298,866(168,670)480,816
Total federal income taxes(8,815)584,02421,378825,359
NET INCOME (LOSS)$ (19,965)$ 1,296,712$ 48,421$ 2,204,589
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE (in Dollars per share)$ (0.02)$ 1.13$ 0.04$ 1.92
DIVIDENDS PER SHARE (in Dollars per share)  $ 0.18$ 0.13