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Income Statement (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Premiums and policy fees $ 2,801,510 $ 3,129,418 $ 8,892,557 $ 9,561,435
Ceded reinsurance premiums and policy fees (769,490) (882,710) (2,377,513) (2,427,747)
Net investment income 4,605,009 6,914,455 13,166,432 16,057,973
Other income 484,763 507,571 1,505,307 1,539,590
Revenues before realized gains 7,121,792 9,668,734 21,186,783 24,731,251
Realized investment gains (losses), net:        
Other-than-temporary impairments 0 (1,010,001) 0 (1,036,927)
Other realized investment gains, net 2,510,130 677,248 4,481,591 1,325,738
Total realized investment gains, net 2,510,130 (332,753) 4,481,591 288,811
Total revenue 9,631,922 9,335,981 25,668,374 25,020,062
Benefits, claims and settlement expenses:        
Life 4,006,105 5,091,459 17,137,960 16,056,237
Ceded Reinsurance benefits and claims (368,224) (1,251,518) (2,694,770) (2,448,871)
Annuity (265,052) 413,332 297,187 971,763
Dividends to policyholders 103,473 109,547 369,790 405,846
Amortization of cost of insurance acquired 246,412 266,088 739,236 798,264
Commissions and amortization of deferred policy acquisition costs 581,328 716 474,264 (49,742)
Operating expenses 2,287,114 2,330,328 7,673,594 6,360,454
Interest expense 269,925 173,928 562,083 428,466
Total benefits and other expenses 6,861,081 7,133,880 24,559,344 22,522,417
Loss before income taxes 2,770,841 2,202,101 1,109,030 2,497,645
Income tax (expense) benefit 502,364 (498,392) 969,751 (486,357)
Net loss 3,273,205 1,703,709 2,078,781 2,011,288
Net income attributable to noncontrolling interests (165,763) (137,559) (484,796) (480,342)
Net loss attributable to common shareholders' $ 3,107,442 $ 1,566,150 $ 1,593,985 $ 1,530,946
Amounts attributable to common shareholders':        
Basic loss per share $ 0.83 $ 0.41 $ 0.42 $ 0.40
Diluted loss per share $ 0.83 $ 0.41 $ 0.42 $ 0.40
Basic weighted average shares outstanding 3,756,857 3,786,692 3,764,578 3,791,732
Diluted weighted average shares outstanding 3,756,857 3,786,692 3,764,578 3,791,732