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Income Statement (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Premiums and policy fees $ 3,357,360 $ 3,219,271 $ 6,091,047 $ 6,432,017
Ceded reinsurance premiums and policy fees (827,040) (769,335) (1,608,023) (1,545,037)
Net investment income 4,028,304 4,762,126 8,561,423 9,143,518
Other income 500,113 510,660 1,020,544 1,032,019
Revenues before realized gains 7,058,737 7,722,722 14,064,991 15,062,517
Realized investment gains (losses), net:        
Other-than-temporary impairments 0 0 0 (26,926)
Other realized investment gains, net 1,694,037 576,841 1,971,461 648,490
Total realized investment gains, net 1,694,037 576,841 1,971,461 621,564
Total revenue 8,752,774 8,299,563 16,036,452 15,684,081
Benefits, claims and settlement expenses:        
Life 6,445,808 5,108,457 13,131,855 10,964,778
Ceded Reinsurance benefits and claims (1,124,076) (599,574) (2,326,546) (1,197,353)
Annuity 283,662 290,892 562,239 558,431
Dividends to policyholders 130,145 149,077 266,317 296,299
Amortization of cost of insurance acquired 246,412 266,088 492,824 532,176
Commissions and amortization of deferred policy acquisition costs (5,927) (26,906) (107,064) (50,458)
Operating expenses 2,730,362 1,975,001 5,386,480 4,030,126
Interest expense 110,326 144,101 292,158 254,538
Total benefits and other expenses 8,816,712 7,307,136 17,698,263 15,388,537
Loss before income taxes (63,938) 992,427 (1,661,811) 295,544
Income tax (expense) benefit 274,876 79,343 467,387 12,035
Net loss 210,938 1,071,770 (1,194,424) 307,579
Net income attributable to noncontrolling interests (196,079) (196,702) (319,033) (342,783)
Net loss attributable to common shareholders' $ 14,859 $ 875,068 $ (1,513,457) $ (35,204)
Amounts attributable to common shareholders':        
Basic loss per share $ 0.00 $ 0.23 $ (0.40) $ (0.01)
Diluted loss per share $ 0.00 $ 0.23 $ (0.40) $ (0.01)
Basic weighted average shares outstanding 3,765,354 3,792,203 3,768,643 3,794,317
Diluted weighted average shares outstanding 3,765,354 3,792,203 3,768,643 3,794,317