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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income attributable to common shareholders $ 4,810,149 $ 1,168,025
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization (accretion) of investments 94,608 (457,864)
Realized investment gains, net (9,117,125) (7,411,658)
Unrealized trading (gains) losses included in income 111,531 (31,259)
Realized trading (gains) losses included in income (110,470) 0
Amortization of cost of insurance acquired 839,105 872,982
Depreciation 701,809 698,374
Net income attributable to noncontrolling interest 2,983 288,260
Charges for mortality and administration of universal life and annuity products (6,636,270) (5,588,667)
Interest credited to account balances 4,346,943 4,539,416
Change in accrued investment income (117,871) (51,512)
Change in reinsurance receivables 556,891 89,524
Change in policy liabilities and accruals (2,794,247) (4,679,857)
Change in income taxes receivable (payable) 673,831 (604,639)
Change in other assets and liabilities, net (6,560,115) (207,312)
Net cash used in operating activities (13,198,248) (11,376,187)
Proceeds from investments sold and matured:    
Fixed maturities available for sale 29,744,619 30,355,159
Equity securities available for sale 7,479,886 13,785,226
Trading securities 0 72,279
Mortgage loans 1,840,610 7,047,158
Real estate 13,014,387 11,142,322
Notes receivable 2,170,322 4,463,966
Policy loans 1,951,222 723,317
Short-term investments 0 0
Total proceeds from investments sold and matured 56,201,046 67,589,427
Cost of investments acquired:    
Fixed maturities available for sale (15,615,699) (11,404,577)
Equity securities available for sale (3,275,532) (5,262,588)
Trading securities 0 (70,690)
Mortgage loans (360,531) (6,935,273)
Real estate (4,226,106) (15,935,233)
Notes receivable (4,297,853) (11,208,299)
Policy loans (1,440,230) (109,207)
Short-term investments 0 0
Total cost of investments acquired (29,215,951) (50,925,867)
Purchase of property and equipment 0 0
Net cash provided by investing activities 26,985,095 16,663,560
Cash flows from financing activities:    
Policyholder contract deposits 4,812,703 5,087,358
Policyholder contract withdrawals (4,139,797) (4,261,609)
Proceeds from notes payable/line of credit 0 2,900,000
Payments of principal on notes payable/line of credit (2,900,000) 0
Purchase of treasury stock (604,052) (5,432,194)
Issuance of stock 261,487 307,887
Non controlling contributions (distributions) of consolidated subsidiary (939,537) (554,882)
Net cash used in financing activities (3,509,196) (1,953,440)
Net increase in cash and cash equivalents 10,277,651 3,333,933
Cash and cash equivalents at beginning of year 15,156,548 11,822,615
Cash and cash equivalents at end of year $ 25,434,199 $ 15,156,548