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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Mar. 31, 2013
Dec. 31, 2012
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost $920,194,233 and $920,843,939) $ 994,114,359 $ 999,794,857
Equity securities available-for-sale, at fair value (cost $114,539,282 and $111,851,963) 155,910,798 140,293,825
Other long-term investments 758,496 863,257
Short-term investments 60,946,630 53,418,914
Total investments 1,211,730,283 1,194,370,853
Cash 445,976 330,392
Reinsurance receivables due from affiliate 31,542,423 34,277,728
Prepaid reinsurance premiums due from affiliate 6,797,093 5,195,892
Deferred policy acquisition costs (affiliated $34,239,791 and $34,425,593) 34,257,401 34,425,593
Prepaid pension benefits due from affiliate 1,143,458 1,413,104
Accrued investment income 10,117,945 9,938,714
Accounts receivable 2,818,013 2,390,955
Income taxes recoverable 0 1,588,089
Goodwill 941,586 941,586
Other assets (affiliated $6,679,412 and $5,760,369) 6,737,867 5,836,200
Total assets 1,306,532,045 1,290,709,106
LIABILITIES    
Losses and settlement expenses (affiliated $579,163,850 and $577,476,988) 584,586,509 583,096,965
Unearned premiums (affiliated $199,219,701 and $196,215,465) 199,306,352 196,215,465
Other policyholders' funds (all affiliated) 6,012,360 6,055,111
Surplus notes payable to affiliate 25,000,000 25,000,000
Amounts due affiliate to settle inter-company transaction balances 2,976,237 19,127,010
Pension and postretirement benefits payable to affiliate 31,183,482 30,714,633
Income taxes payable 3,889,199 0
Deferred income taxes 10,046,561 6,352,690
Other liabilities (affiliated $13,498,920 and $22,794,304) 23,266,689 22,938,068
Total liabilities 886,267,389 889,499,942
STOCKHOLDERS' EQUITY    
Common stock, $1 par value, authorized 20,000,000 shares; issued and outstanding, 12,992,835 shares in 2013 and 12,909,457 shares in 2012 12,992,835 12,909,457
Additional paid-in capital 91,148,560 89,205,881
Accumulated other comprehensive income 53,237,163 [1] 47,752,375 [1]
Retained earnings 262,886,098 251,341,451
Total stockholders' equity 420,264,656 401,209,164
Total liabilities and stockholders' equity $ 1,306,532,045 $ 1,290,709,106
[1] All amounts are net of tax. Amounts in parentheses indicate debits.