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Income Statement (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Premiums and policy fees $ 3,219,271 $ 3,480,117 $ 6,432,017 $ 6,996,561
Ceded reinsurance premiums and policy fees (769,335) (863,967) (1,545,037) (1,772,065)
Net investment income 4,762,126 2,428,499 9,143,518 9,379,255
Other income 510,660 531,485 1,032,019 1,079,179
Revenues before realized gains 7,722,722 5,576,134 15,062,517 15,682,930
Realized investment gains (losses), net:        
Other-than-temporary impairments 0 0 (26,926) 0
Other realized investment gains, net 576,841 3,846,725 648,490 10,982,695
Total realized investment gains, net 576,841 3,846,725 621,564 10,982,695
Total revenue 8,299,563 9,422,859 15,684,081 26,665,625
Benefits, claims and settlement expenses:        
Life 5,108,457 5,526,152 10,964,778 11,396,960
Ceded Reinsurance benefits and claims (599,574) (1,192,533) (1,197,353) (2,028,408)
Annuity 290,892 218,229 558,431 478,919
Dividends to policyholders 149,077 125,646 296,299 266,270
Commissions and amortization of deferred policy acquisition costs (26,906) (131,671) (50,458) (284,484)
Amortization of cost of insurance acquired 266,088 286,375 532,176 572,750
Operating expenses 1,975,001 2,410,634 4,030,126 5,286,129
Interest expense 144,101 82,523 254,538 154,698
Total benefits and other expenses 7,307,136 7,325,355 15,388,537 15,842,834
Income before income taxes 992,427 2,097,504 295,544 10,822,791
Income tax expense 79,343 (503,685) 12,035 (3,729,241)
Net income 1,071,770 1,593,819 307,579 7,093,550
Net income attributable to noncontrolling interests (196,702) (153,164) (342,783) (426,378)
Net income attributable to common shareholders' $ 875,068 $ 1,440,655 $ (35,204) $ 6,667,172
Amounts attributable to common shareholders':        
Basic income per share (in dollars per share) $ 0.23 $ 0.38 $ (0.01) $ 1.74
Diluted income per share (in dollars per share) $ 0.23 $ 0.38 $ (0.01) $ 1.74
Basic weighted average shares outstanding (in shares) 3,792,203 3,814,403 3,794,317 3,825,802
Diluted weighted average shares outstanding (in shares) 3,792,203 3,814,403 3,794,317 3,825,802