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Income Statement - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Premiums and policy fees $ 2,774,763 $ 2,937,514
Ceded reinsurance premiums and policy fees (767,301) (779,326)
Net investment income 4,018,491 5,954,502
Other income 185,196 167,393
Revenues before realized gains 6,211,149 8,280,083
Realized investment gains (losses), net:    
Other-than-temporary impairments 0 0
Other realized investment gains, net 3,412,233 2,903,906
Total realized investment gains, net 3,412,233 2,903,906
Total revenue 9,623,382 11,183,989
Benefits, claims and settlement expenses:    
Life 5,815,152 4,676,213
Ceded Reinsurance benefits and claims (595,281) (494,696)
Annuity 328,899 249,250
Dividends to policyholders 127,679 130,636
Amortization of cost of insurance acquired 218,246 226,901
Commissions and amortization of deferred policy acquisition costs (32,766) (42,225)
Operating expenses 1,774,237 2,199,095
Interest expense 0 37,973
Total benefits and other expenses 7,636,166 6,983,147
Loss before income taxes 1,987,216 4,200,842
Income tax (expense) benefit (799,680) (1,461,249)
Net loss 1,187,536 2,739,593
Net income attributable to noncontrolling interests 94,567 (235,838)
Net loss attributable to common shareholders' $ 1,282,103 $ 2,503,755
Amounts attributable to common shareholders':    
Basic loss per share $ 0.35 $ 0.68
Diluted loss per share $ 0.35 $ 0.68
Basic weighted average shares outstanding 3,700,434 3,707,755
Diluted weighted average shares outstanding 3,700,434 3,707,755