v3.26.1
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Insurance premiums and other considerations $ 28,704,662 $ 30,185,854 $ 57,559,916 $ 59,965,379
Mortgage fee income 25,797,533 29,485,104 49,287,192 54,294,345
Net investment income 16,428,901 20,580,988 34,930,249 39,783,612
Net funeral home and cemetery sales 7,599,588 7,257,717 15,333,411 14,557,938
Gains on investments and other assets 4,580,323 1,142,707 4,931,071 1,728,728
Other 815,041 888,779 1,612,989 1,950,870
Total revenues 83,926,048 89,541,149 163,654,828 172,280,872
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 the three and six months ended June 30, 2026 and 2025, respectively) 24,317,248 25,515,540 48,856,645 50,970,714
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 2,937,896 2,873,507 5,917,214 5,670,506
Selling, general and administrative expenses:        
Commissions 10,316,926 13,465,338 19,110,786 23,903,719
Personnel 20,505,977 22,171,345 41,107,613 44,353,753
Advertising 730,345 940,448 1,467,408 1,764,393
Rent and rent related 786,406 937,139 1,608,683 1,925,750
Depreciation on property and equipment 587,485 599,018 1,167,575 1,214,153
Costs related to funding mortgage loans 1,610,111 1,891,789 3,284,088 3,307,041
Other 8,192,720 7,955,635 15,911,916 15,356,322
Interest expense 1,104,549 1,293,438 2,100,748 2,412,966
Cost of goods and services sold-funeral home and cemetery 1,177,676 1,159,283 2,411,125 2,412,553
Total benefits and expenses 72,267,339 78,802,480 142,943,801 153,291,870
Earnings before income taxes 11,658,709 10,738,669 20,711,027 18,989,002
Income tax expense (2,677,012) (2,367,914) (4,727,904) (4,204,512)
Net earnings $ 8,981,697 $ 8,370,755 $ 15,983,123 $ 14,784,490
Net earnings per Class A Equivalent common share [1] $ 0.34 $ 0.32 [2] $ 0.61 $ 0.57 [2]
Net earnings per Class A Equivalent common share-assuming dilution [1] $ 0.33 $ 0.31 [2] $ 0.60 $ 0.55 [2]
Weighted-average Class A equivalent common shares outstanding [1] 26,040,005 26,007,334 26,049,116 25,973,466
Weighted-average Class A equivalent common shares outstanding-assuming dilution [1] 26,892,689 26,806,867 26,838,648 26,907,436
[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