v3.26.1
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Insurance premiums and other considerations $ 28,855,254 $ 29,779,525
Mortgage fee income 23,489,659 24,809,241
Net investment income 18,501,348 19,202,624
Net funeral home and cemetery sales 7,733,823 7,300,221
Gains on investments and other assets 350,748 586,021
Other 797,948 1,062,091
Total revenues 79,728,780 82,739,723
Benefits and expenses:    
Policyholder benefits and claims (including the impact of assumption updates to the liability for future policy benefits of nil and nil for March 31, 2026 and 2025, respectively) 24,539,397 25,455,174
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 2,979,318 2,796,999
Selling, general and administrative expenses:    
Commissions 8,793,860 10,438,381
Personnel 20,601,636 22,182,408
Advertising 737,063 823,945
Rent and rent related 822,277 988,611
Depreciation on property and equipment 580,090 615,135
Costs related to funding mortgage loans 1,673,977 1,415,252
Other 7,719,196 7,400,687
Interest expense 996,199 1,119,528
Cost of goods and services sold-funeral home and cemetery 1,233,449 1,253,270
Total benefits and expenses 70,676,462 74,489,390
Earnings before income taxes 9,052,318 8,250,333
Income tax expense (2,050,892) (1,836,598)
Net earnings $ 7,001,426 $ 6,413,735
Net earnings per Class A Equivalent common share [1] $ 0.28 $ 0.26 [2]
Net earnings per Class A Equivalent common share-assuming dilution [1] $ 0.27 $ 0.25 [2]
Weighted-average Class A equivalent common shares outstanding [1] 24,818,596 24,699,405
Weighted-average Class A equivalent common shares outstanding-assuming dilution [1] 25,540,657 25,691,647
[1] Net earnings per share have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share.
[2] Adjusted retroactively for the effect of annual stock dividends