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Consolidated Statements Of Income - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Net premiums written $ 138,588,877 $ 120,569,151 $ 111,909,473
Investment income – interest and dividends 4,444,447 4,684,489 4,531,319
Net realized gain (loss) on investments 1,040,901 768,436 (116,163)
Other 17,575,071 12,470,338 10,875,443
Total Revenues 161,649,296 138,492,414 127,200,072
Operating Expenses:      
Commissions to agents 68,643,220 63,643,321 62,174,301
Provision for claims 3,311,080 242,953 4,478,494
Salaries, employee benefits and payroll taxes 39,012,354 31,372,099 28,041,213
Office occupancy and operations 8,966,623 6,265,908 5,885,336
Business development 3,164,730 2,511,699 2,373,270
Filing fees, franchise and local taxes 1,198,013 907,225 732,985
Premium and retaliatory taxes 2,672,034 2,202,595 2,161,571
Professional and contract labor fees 1,825,598 2,115,754 2,691,411
Other 2,585,074 1,099,408 884,438
Total Operating Expenses 131,378,726 110,360,962 109,423,019
Income before Income Taxes 30,270,570 28,131,452 17,777,053
Provision for Income Taxes 4,570,000 8,616,000 5,228,000
Net Income 25,700,570 19,515,452 12,549,053
Net Loss (Income) Attributable to Noncontrolling Interests 5,932 7,666 (15,148)
Net Income Attributable to the Company $ 25,706,502 $ 19,523,118 $ 12,533,905
Basic Earnings per Common Share $ 13.63 $ 10.23 $ 6.32
Weighted Average Shares Outstanding – Basic 1,886,354 1,907,675 1,984,360
Diluted Earnings per Common Share $ 13.56 $ 10.19 $ 6.30
Weighted Average Shares Outstanding – Diluted 1,895,871 1,915,057 1,989,799
Cash Dividends Paid per Common Share $ 3.75 $ 0.72 $ 0.40