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Income Statement - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Premiums and policy fees $ 2,706,709 $ 2,801,510 $ 8,505,704 $ 8,892,557
Ceded reinsurance premiums and policy fees (825,134) (769,490) (2,382,376) (2,377,513)
Net investment income 3,955,407 4,605,009 11,965,809 13,166,432
Other income 145,141 484,763 460,571 1,505,307
Revenues before realized gains 5,982,123 7,121,792 18,549,708 21,186,783
Realized investment gains (losses), net:        
Other-than-temporary impairments 0 0 0 0
Other realized investment gains, net 3,305,835 2,510,130 7,732,155 4,481,591
Total realized investment gains, net 3,305,835 2,510,130 7,732,155 4,481,591
Total revenue 9,287,958 9,631,922 26,281,863 25,668,374
Benefits, claims and settlement expenses:        
Life 5,484,256 4,006,105 15,357,486 17,137,960
Ceded Reinsurance benefits and claims (1,447,479) (368,224) (2,569,732) (2,694,770)
Annuity 263,198 (265,052) 793,432 297,187
Dividends to policyholders 92,660 103,473 344,258 369,790
Amortization of cost of insurance acquired 226,901 246,412 680,703 739,236
Commissions and amortization of deferred policy acquisition costs (47,886) 581,328 (132,162) 474,264
Operating expenses 2,057,074 2,287,114 6,404,256 7,673,594
Interest expense 8,618 269,925 70,141 562,083
Total benefits and other expenses 6,637,342 6,861,081 20,948,382 24,559,344
Loss before income taxes 2,650,616 2,770,841 5,333,481 1,109,030
Income tax (expense) benefit (731,082) 502,364 (1,545,975) 969,751
Net loss 1,919,534 3,273,205 3,787,506 2,078,781
Net income attributable to noncontrolling interests (22,822) (165,763) (174,828) (484,796)
Net loss attributable to common shareholders' $ 1,896,712 $ 3,107,442 $ 3,612,678 $ 1,593,985
Amounts attributable to common shareholders':        
Basic loss per share $ 0.51 $ 0.83 $ 0.97 $ 0.42
Diluted loss per share $ 0.51 $ 0.83 $ 0.97 $ 0.42
Basic weighted average shares outstanding 3,700,180 3,756,857 3,706,741 3,764,578
Diluted weighted average shares outstanding 3,700,180 3,756,857 3,706,741 3,764,578