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Investments In Securities (Tables)
 6 Months Ended
Jun. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities

The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses and cost or amortized cost for securities by major security type are as follows:
As of June 30, 2013
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
Fixed maturities, available-for-sale, at fair value-
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
37,812,768

 
$
2,303,400

 
$
114,892

 
$
40,001,276

Special revenue obligations of U.S. states, territories and political subdivisions
17,152,757

 
1,348,518

 
22,881

 
18,478,394

Corporate debt securities
15,025,811

 
837,221

 
44,362

 
15,818,670

Auction rate securities
918,433

 
11,267

 
—

 
929,700

Total
$
70,909,769

 
$
4,500,406

 
$
182,135

 
$
75,228,040

Equity securities, available-for-sale at fair value-
 

 
 

 
 

 
 

Common stocks and nonredeemable preferred stocks
$
21,203,886

 
$
10,193,487

 
$
188,778

 
$
31,208,595

Total
$
21,203,886

 
$
10,193,487

 
$
188,778

 
$
31,208,595

Short-term investments-
 

 
 

 
 

 
 

Certificates of deposit and other
$
16,078,465

 
$
—

 
$
—

 
$
16,078,465

Total
$
16,078,465

 
$
—

 
$
—

 
$
16,078,465

As of December 31, 2012
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
Fixed maturities, available-for-sale, at fair value-
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
38,658,463

 
$
3,211,445

 
$
—

 
$
41,869,908

Special revenue obligations of U.S. states, territories and political subdivisions
18,933,299

 
1,909,106

 
10,455

 
20,831,950

Corporate debt securities
17,064,697

 
1,252,973

 
14,750

 
18,302,920

Auction rate securities
917,214

 
14,986

 
—

 
932,200

Total
$
75,573,673

 
$
6,388,510

 
$
25,205

 
$
81,936,978

Equity securities, available-for-sale at fair value-
 

 
 

 
 

 
 

Common stocks and nonredeemable preferred stocks
$
21,229,114

 
$
7,373,056

 
$
91,237

 
$
28,510,933

Total
$
21,229,114

 
$
7,373,056

 
$
91,237

 
$
28,510,933

Short-term investments-
 

 
 

 
 

 
 

Certificates of deposit and other
$
13,567,648

 
$
—

 
$
—

 
$
13,567,648

Total
$
13,567,648

 
$
—

 
$
—

 
$
13,567,648
Schedule Of Fixed Maturity Securities
The scheduled maturities of fixed maturity securities at June 30, 2013 were as follows:
 
Available-for-Sale
 
Amortized
Cost
 
Fair
Value
Due in one year or less
$
6,086,753

 
$
6,169,954

Due after one year through five years
51,363,098

 
54,725,442

Due five years through ten years
10,510,420

 
11,063,970

Due after ten years
2,949,498

 
3,268,674

Total
$
70,909,769

 
$
75,228,040
Schedule Of Gross Realized Gains And Losses On Securities
ealized gains and losses on investments for the six months ended June 30 are summarized as follows:
 
2013
 
2012
Gross realized gains:
 

 
 

General obligations of U.S. states, territories and political subdivisions
$
—

 
$
250

Corporate debt securities
20,476

 
—

Common stocks and nonredeemable preferred stocks
119,163

 
163,764

Auction rate securities
—

 
40,057

Total
$
139,639

 
$
204,071

Gross realized losses:
 

 
 

Common stocks and nonredeemable preferred stocks
$
(38,785
)
 
$
(74,661
)
Other than temporary impairment of securities
—

 
(76,539
)
Total
$
(38,785
)
 
$
(151,200
)
Net realized gain from securities
$
100,854

 
$
52,871

Net realized gains (losses) on other investments:
 
 
 
Impairments of other investments
$
(34,070
)
 
$
—

Gain on other investments
4,832

 
205,158

Total
$
(29,238
)
 
$
205,158

Net Realized Gain
$
71,616

 
$
258,029
Schedule Of Unrealized Losses On Investments
The following table presents the gross unrealized losses on investment securities and the fair value of the securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at June 30, 2013 and December 31, 2012.
 
Less than 12 Months
 
12 Months or Longer
 
Total
As of June 30, 2013
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
General obligations of U.S. states, territories and political sub-divisions
$
1,013,804

 
$
(114,892
)
 
$
—

 
$
—

 
$
1,013,804

 
$
(114,892
)
Special revenue obligations of U.S. states territories and political sub-divisions
1,858,639

 
(22,881
)
 
—

 
—

 
1,858,639

 
(22,881
)
Corporate
3,264,893

 
(44,362
)
 
—

 
—

 
3,264,893

 
(44,362
)
Total fixed income securities
$
6,137,336

 
$
(182,135
)
 
$
—

 
$
—

 
$
6,137,336

 
$
(182,135
)
Equity securities
$
1,982,688

 
$
(146,660
)
 
$
197,001

 
$
(42,118
)
 
$
2,179,689

 
$
(188,778
)
Total temporarily impaired securities
$
8,120,024

 
$
(328,795
)
 
$
197,001

 
$
(42,118
)
 
$
8,317,025

 
$
(370,913
)
 
 
Less than 12 Months
 
12 Months or Longer
 
Total
As of December 31, 2012
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
General obligations of U.S. states, territories and political sub-divisions
$
1,236,906

 
$
(10,455
)
 
$
—

 
$
—

 
$
1,236,906

 
$
(10,455
)
Corporate debt securities
985,250

 
(14,750
)
 
—

 
—

 
985,250

 
(14,750
)
Total fixed income securities
$
2,222,156

 
$
(25,205
)
 
$
—

 
$
—

 
$
2,222,156

 
$
(25,205
)
Equity securities
$
2,551,215

 
$
(91,237
)
 
$
—

 
$
—

 
$
2,551,215

 
$
(91,237
)
Total temporarily impaired securities
$
4,773,371

 
$
(116,442
)
 
$
—

 
$
—

 
$
4,773,371

 
$
(116,442
)