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Condensed Consolidated Income Statements (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUE        
Premiums and other considerations $ 18,740,917 $ 17,526,584 $ 55,644,294 $ 50,632,068
Premiums ceded (3,792,363) (5,410,565) (11,373,438) (14,363,992)
Net premiums earned 14,948,554 12,116,019 44,270,856 36,268,076
Investment income, net of expenses 4,985,998 5,245,110 15,516,997 15,593,997
Net realized gains on investments:        
Other net realized investment gains 2,418,806 249,927 2,482,057 448,186
Net realized gains on investments 2,418,806 249,927 2,482,057 448,186
Consideration on reinsurance assumed       9,523
Other income 325,180 415,825 1,071,957 1,249,727
Total revenue 22,678,538 18,026,881 63,341,867 53,569,509
BENEFITS AND EXPENSES        
Death and other benefits 9,746,027 9,829,253 32,925,539 32,324,798
Guaranteed annual endowments 94,771 103,967 332,519 349,201
Dividends to policyholders 85,824 94,774 314,825 331,526
Increase in benefit reserves and unearned premiums 5,784,708 3,201,772 15,028,520 7,100,162
Acquisition costs deferred (2,279,348) (2,400,294) (6,930,950) (6,362,851)
Amortization of deferred acquisition costs 2,030,109 2,108,748 5,830,140 5,831,702
Commissions 1,956,328 1,331,913 5,624,457 3,525,307
Other general and administrative expenses 2,476,130 2,385,935 8,526,005 8,656,620
Total benefits and expenses 19,894,549 16,656,068 61,651,055 51,756,465
INCOME BEFORE FEDERAL INCOME TAXES 2,783,989 1,370,813 1,690,812 1,813,044
PROVISION (BENEFIT) FOR FEDERAL INCOME TAXES        
Current 896,769 342,339 430,195 640,254
Deferred (61,573) 68,906 77,048 (96,340)
Total federal income taxes 835,196 411,245 507,243 543,914
NET INCOME $ 1,948,793 $ 959,568 $ 1,183,569 $ 1,269,130
BASIC AND DILUTED NET INCOME PER SHARE (in Dollars per share) $ 1.72 $ 0.83 $ 1.04 $ 1.10
DIVIDENDS PER SHARE (in Dollars per share)     $ 0.25 $ 0.23