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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Premiums and policy fees $ 2,431,489 $ 2,539,905 $ 4,934,694 $ 5,189,876
Ceded reinsurance premiums and policy fees (813,256) (773,198) (1,330,311) (1,512,163)
Net investment income 2,701,709 3,618,978 5,813,733 6,687,096
Other income 95,919 119,622 159,757 180,557
Revenue before net investment gains (losses) 4,415,861 5,505,307 9,577,873 10,545,366
Net investment gains (losses):        
Other realized investment gains, net 5,301,778 115,204 6,415,476 649,446
Change in fair value of equity securities 97,148 11,231,720 14,884,779 15,360,956
Total net investment gains (losses) 5,398,926 11,346,924 21,300,255 16,010,402
Total revenue 9,814,787 16,852,231 30,878,128 26,555,768
Benefits, claims and settlement expenses:        
Life 4,590,885 4,369,689 8,018,085 8,538,483
Ceded reinsurance benefits and claims (607,539) (262,738) (1,082,161) (951,150)
Annuity 307,369 274,580 505,039 531,464
Dividends to policyholders 96,053 97,291 199,652 224,290
Commissions and amortization of deferred policy acquisition costs (38,577) (35,885) (63,119) (76,456)
Amortization of cost of insurance acquired 193,976 201,517 387,953 403,033
Operating expenses 1,789,951 1,784,832 3,934,340 3,870,651
Total benefits and other expenses 6,332,118 6,429,286 11,899,789 12,540,315
Income before income taxes 3,482,669 10,422,945 18,978,339 14,015,453
Income tax expense 662,831 2,151,209 4,359,889 3,056,972
Net income 2,819,838 8,271,736 14,618,450 10,958,481
Net income attributable to noncontrolling interests (107,780) (122,987) (261,513) (152,487)
Net income attributable to common shareholders $ 2,712,058 $ 8,148,749 $ 14,356,937 $ 10,805,994
Amounts attributable to common shareholders        
Basic income per share (in dollars per share) $ 0.82 $ 2.46 $ 4.36 $ 3.26
Diluted income per share (in dollars per share) $ 0.82 $ 2.46 $ 4.36 $ 3.26
Basic weighted average shares outstanding (in shares) 3,290,617 3,311,319 3,293,940 3,318,167
Diluted weighted average shares outstanding (in shares) 3,290,617 3,311,319 3,293,940 3,318,167