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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Premiums and policy fees $ 2,469,322 $ 2,519,544 $ 7,659,198 $ 7,892,766
Ceded reinsurance premiums and policy fees (652,418) (659,789) (2,164,581) (2,230,079)
Net investment income 2,309,470 3,121,288 8,996,566 8,974,189
Other income 128,059 93,287 308,616 304,824
Revenue before net investment gains (losses) 4,254,433 5,074,330 14,799,799 14,941,700
Net investment gains (losses):        
Other-than-temporary impairments (300,000) 0 (300,000) 0
Other realized investment gains, net 12,074,120 1,121,860 12,723,566 1,665,920
Change in fair value of equity securities 6,689,533 0 22,050,489 0
Total net investment gains (losses) 18,463,653 1,121,860 34,474,055 1,665,920
Total revenue 22,718,086 6,196,190 49,273,854 16,607,620
Benefits, claims and settlement expenses:        
Life 4,388,733 3,756,203 12,927,216 13,584,805
Ceded reinsurance benefits and claims (1,044,894) (178,945) (1,996,044) (1,168,721)
Annuity 252,260 162,374 783,724 700,584
Dividends to policyholders 77,489 82,820 301,779 304,020
Commissions and amortization of deferred policy acquisition costs (34,464) (21,389) (110,920) (98,473)
Amortization of cost of insurance acquired 201,516 209,775 604,549 629,328
Operating expenses 3,401,169 1,663,349 7,271,820 5,468,014
Total benefits and other expenses 7,241,809 5,674,187 19,782,124 19,419,557
Income (loss) before income taxes 15,476,277 522,003 29,491,730 (2,811,937)
Income tax expense (benefit) 3,506,656 355,682 6,563,628 (354,532)
Net income (loss) 11,969,621 166,321 22,928,102 (2,457,405)
Net (income) loss attributable to noncontrolling interests (32,078) (32,485) (184,565) 63,117
Net income (loss) attributable to common shareholders $ 11,937,543 $ 133,836 $ 22,743,537 $ (2,394,288)
Amounts attributable to common shareholders        
Basic income (loss) per share (in dollars per share) $ 3.62 $ 0.04 $ 6.87 $ (0.71)
Diluted income (loss) per share (in dollars per share) $ 3.62 $ 0.04 $ 6.87 $ (0.71)
Basic weighted average shares outstanding (in shares) 3,299,615 3,344,236 3,311,912 3,350,364
Diluted weighted average shares outstanding (in shares) 3,299,615 3,344,236 3,311,912 3,350,364