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Income Statement (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Premiums and policy fees $ 3,129,418 $ 3,158,614 $ 9,561,435 $ 10,155,175
Ceded reinsurance premiums and policy fees (882,710) (830,087) (2,427,747) (2,602,152)
Net investment income 6,914,455 4,611,440 16,057,973 13,990,695
Other income 507,571 514,850 1,539,590 1,594,029
Revenues before realized gains 9,668,734 7,454,817 24,731,251 23,137,747
Realized investment gains (losses), net:        
Other-than-temporary impairments (1,010,001) 0 (1,036,927) 0
Other realized investment gains, net 677,248 255,555 1,325,738 11,238,250
Total realized investment gains, net (332,753) 255,555 288,811 11,238,250
Total revenue 9,335,981 7,710,372 25,020,062 34,375,997
Benefits, claims and settlement expenses:        
Life 5,091,459 6,570,185 16,056,237 17,967,145
Ceded Reinsurance benefits and claims (1,251,518) (1,864,743) (2,448,871) (3,893,151)
Annuity 413,332 298,940 971,763 777,859
Dividends to policyholders 109,547 107,293 405,846 373,563
Commissions and amortization of deferred policy acquisition costs 716 (140,218) (49,742) (424,702)
Amortization of cost of insurance acquired 266,088 286,376 798,264 859,126
Operating expenses 2,330,328 1,767,229 6,360,454 7,053,358
Interest expense 173,928 67,568 428,466 222,266
Total benefits and other expenses 7,133,880 7,092,630 22,522,417 22,935,464
Income before income taxes 2,202,101 617,742 2,497,645 11,440,533
Income tax expense (498,392) (288,007) (486,357) (4,017,248)
Net income 1,703,709 329,735 2,011,288 7,423,285
Net income attributable to noncontrolling interests (137,559) (200,212) (480,342) (626,590)
Net income attributable to common shareholders' $ 1,566,150 $ 129,523 $ 1,530,946 $ 6,796,695
Amounts attributable to common shareholders':        
Basic income per share (in dollars per share) $ 0.41 $ 0.03 $ 0.40 $ 1.78
Diluted income per share (in dollars per share) $ 0.41 $ 0.03 $ 0.40 $ 1.78
Basic weighted average shares outstanding (in shares) 3,786,692 3,797,779 3,791,732 3,816,354
Diluted weighted average shares outstanding (in shares) 3,786,692 3,797,779 3,791,732 3,816,354