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Statement of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net loss attributable to common shareholders $ (1,528,316) $ (910,272)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization (accretion) of investments (536,311) (403,748)
Realized investment gains, net (277,424) (44,723)
Unrealized trading (gains) losses included in income (260,651) 297,344
Amortization of deferred policy acquisition costs 12,914 14,108
Amortization of cost of insurance acquired 246,412 266,088
Depreciation 318,708 320,071
Net income attributable to noncontrolling interest 122,954 146,081
Charges for mortality and administration of universal life and annuity products (1,689,689) (1,737,635)
Interest credited to account balances 1,419,880 1,450,681
Change in accrued investment income 217,824 350,518
Change in reinsurance receivables 468,671 927,606
Change in policy liabilities and accruals (1,207,644) (1,121,391)
Change in income taxes receivable (payable) 2,406 (1,982,692)
Change in other assets and liabilities, net 566,693 1,624,775
Net cash used in operating activities (2,123,573) (803,189)
Proceeds from investments sold and matured:    
Fixed maturities available for sale 10,868,969 6,173,142
Equity securities available for sale 167,504 0
Trading securities 75,134 17,829,177
Mortgage loans 626,528 7,785,104
Discounted mortgage loans 2,087,795 1,505,565
Real estate 521,361 2,733,460
Policy loans 886,346 997,774
Proceeds from Short-Term Investments 0 29,383
Total proceeds from investments sold and matured 15,233,637 37,053,605
Cost of investments acquired:    
Fixed maturities available for sale (8,813,706) (8,856,558)
Equity securities available for sale 0 (250,617)
Trading securities (257,730) (15,124,263)
Mortgage loans (107,681) (1,122,724)
Discounted mortgage loans (5,638) (1,280,456)
Real estate (1,150,682) (5,918,258)
Policy loans (663,488) (803,607)
Short-term investments (184,800) (25,000)
Total cost of investments acquired (11,183,725) (33,381,483)
Net cash provided by investing activities 4,049,912 3,672,122
Cash flows from financing activities:    
Policyholder contract deposits 1,489,219 1,521,403
Policyholder contract withdrawals (1,615,210) (1,360,777)
Payments of principal on notes payable/line of credit 0 (9,500)
Purchase of treasury stock (78,003) (54,048)
Sale of block of business (3,045,574) 0
Net cash provided by (used in) financing activities (3,249,568) 97,078
Net increase (decrease) in cash and cash equivalents (1,323,229) 2,966,011
Cash and cash equivalents at beginning of period 19,838,618 23,321,246
Cash and cash equivalents at end of period $ 18,515,389 $ 26,287,257