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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Investments:    
Fixed maturities (amortized cost: $397,403,362 and $394,370,377) $ 419,876,075 $ 438,323,413
Equity securities (cost: $5,251,642 and $1,117,051) 5,129,374 1,386,637
Mortgage loans on real estate 16,411,970 16,620,290
Policy loans 6,699,994 6,781,751
State-guaranteed receivables 8,100,524 8,111,669
Investment in derivative 885,600 642,600
Other invested assets 3,448,108 3,420,189
Total investments 460,551,645 475,286,549
Cash and cash equivalents 3,973,338 6,009,905
Accrued investment income 5,191,615 5,163,783
Due premiums 3,488,952 3,422,629
Deferred acquisition costs 18,176,406 16,654,246
Value of business acquired 446,399 513,667
Leased property under capital leases 446,367 577,839
Property and equipment 1,775,343 1,900,068
Cash value of company-owned life insurance 11,007,523 10,844,489
Other assets 2,944,361 1,835,666
Amounts recoverable from reinsurers 54,696,384 53,797,125
Total assets 562,698,333 576,005,966
LIABILITIES    
Benefit reserves 472,649,833 464,449,101
Unearned premium reserves 8,594,873 9,111,514
Policy claims 4,210,809 1,894,727
Liability for deposit-type contracts 3,249,519 3,147,458
Reserves for dividends and endowments and other 447,623 446,016
Total policy liabilities 489,152,657 479,048,816
Deferred federal income tax liability 6,240,447 13,189,478
Obligations under capital leases 440,770 568,214
Notes payable 3,431,139 3,478,613
Accrued pension liability 6,349,586 7,211,519
Other liabilities 3,747,811 4,276,542
Total liabilities 509,362,410 507,773,182
STOCKHOLDERS' EQUITY    
Common stock (shares issued: 1,136,732 and 1,141,886) 1,136,732 1,141,886
Paid-in surplus 8,908,243 8,908,243
Accumulated other comprehensive income 8,812,116 22,539,724
Retained earnings 34,478,832 35,642,931
Total stockholders' equity 53,335,923 68,232,784
Total liabilities and stockholders' equity $ 562,698,333 $ 576,005,966