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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES    
Premiums earned (affiliated $119,117,085 and $108,743,980) $ 120,497,252 $ 109,759,756
Investment income, net 10,443,083 11,156,782
Net realized investment gains, excluding impairment losses on available-for-sale securities 2,688,481 8,918,329
Total "other-than-temporary" impairment losses on available-for-sale securities (20,608) 0
Portion of "other-than-temporary" impairment losses on fixed maturity available-for-sale securities reclassified from other comprehensive income (before taxes) 0 0
Net impairment losses on available-for-sale securities (20,608) 0
Net realized investment gains 2,667,873 8,918,329
Other income (all affiliated) 234,505 238,998
Total revenues 133,842,713 130,073,865
LOSSES AND EXPENSES    
Losses and settlement expenses (affiliated $72,478,518 and $65,016,611) 72,573,658 65,240,289
Dividends to policyholders (all affiliated) 2,193,732 1,651,525
Amortization of deferred policy acquisition costs (affiliated $21,949,783 and $18,958,861) 22,267,438 19,214,378
Other underwriting expenses (all affiliated) 16,020,906 15,257,869
Interest expense (all affiliated) 131,250 225,000
Other expense (affiliated $87,072 and $472,033) 146,765 586,517
Total losses and expenses 113,333,749 102,175,578
Income before income tax expense 20,508,964 27,898,287
INCOME TAX EXPENSE    
Current 5,495,923 7,614,802
Deferred 740,524 1,059,750
Total income tax expense 6,236,447 8,674,552
Net income $ 14,272,517 $ 19,223,735
Net income per common share - basic and diluted (in dollars per share) $ 1.10 $ 1.49
Dividend per common share (in dollars per share) $ 0.21 $ 0.20
Average number of common shares outstanding - basic and diluted (in shares) 12,946,287 12,879,020