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Consolidated Statements Of Income - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Net premiums written $ 33,641,564 $ 21,508,997
Investment income – interest and dividends 1,096,591 1,151,011
Net realized gain on investments 103,339 149,830
Other 2,959,695 2,052,184
Total Revenues 37,801,189 24,862,022
Operating Expenses:    
Commissions to agents 16,331,110 11,532,882
Provision for claims 719,397 15,959
Salaries, employee benefits and payroll taxes 9,902,271 7,471,951
Office occupancy and operations 1,939,055 1,493,860
Business development 612,947 480,390
Filing fees, franchise and local taxes 153,556 230,054
Premium and retaliatory taxes 645,385 311,831
Professional and contract labor fees 439,176 538,653
Other 607,112 202,981
Total Operating Expenses 31,350,009 22,278,561
Income before Income Taxes 6,451,180 2,583,461
Provision for Income Taxes 1,985,000 779,000
Net Income 4,466,180 1,804,461
Net Loss Attributable to Noncontrolling Interests 9,875 9,579
Net Income Attributable to the Company $ 4,476,055 $ 1,814,040
Basic Earnings per Common Share $ 2.37 $ 0.94
Weighted Average Shares Outstanding – Basic 1,885,587 1,934,318
Diluted Earnings per Common Share $ 2.36 $ 0.93
Weighted Average Shares Outstanding – Diluted 1,894,838 1,940,963
Cash Dividends Paid per Common Share $ 0.20 $ 0.16