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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
NET CASH PROVIDED BY OPERATING ACTIVITIES$ 98,511,815$ 10,795,941
INVESTING ACTIVITIES  
Purchases of available-for-sale securities(120,557,202)(49,689,061)
Sales of available-for-sale securities2,045,00021,195,906
Maturities of available-for-sale securities22,907,17019,113,181
Acquisitions of mortgage loans on real estate(1,737,500)(2,276,000)
Payments of mortgage loans on real estate3,352,8082,554,961
Purchases of state-guaranteed receivables(2,767,717) 
Purchase of derivative investment(645,000) 
Cost of acquisitions of short-term investments(24,028,034)(245,001)
Sales and maturities of short-term investments24,501,981 
Net change in payable (receivable) for securities15,027,548 
Net acquisitions (reductions) of other investments(92,254)(59,155)
Net additions to property and equipment(396,479)(106,030)
NET CASH USED IN INVESTING ACTIVITIES(82,389,679)(9,511,199)
FINANCING ACTIVITIES  
Receipts from universal life policies credited to policyholder account balances4,240,2204,507,176
Return of policyholder account balances on universal life policies(6,312,052)(6,865,317)
Payments on notes payable(3,686,294)(2,602,663)
Proceeds from notes payable2,740,5292,051,988
Dividends paid(207,327)(149,364)
Issuances of common stock, net23,064220,542
NET CASH USED IN FINANCING ACTIVITIES(3,201,860)(2,837,638)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS12,920,276(1,552,896)
Cash and cash equivalents at beginning of period2,647,7985,730,782
CASH AND CASH EQUIVALENTS AT END OF PERIOD$ 15,568,074$ 4,177,886