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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Net premiums earned $ 104,991,401 $ 93,002,409 $ 208,786,680 $ 184,374,505
Investment income, net of investment expenses 5,420,992 4,968,490 10,651,136 9,898,981
Net realized investment gains 4,316,021 1,965,091 4,689,094 1,986,603
Lease income 234,861 229,490 466,543 455,997
Installment payment fees 1,872,672 1,359,874 3,706,536 2,660,116
Other income 218,551   337,951  
Total revenues 117,054,498 101,525,354 228,637,940 199,376,202
Expenses:        
Net losses and loss expenses 84,195,796 68,509,616 157,275,361 136,491,102
Amortization of deferred policy acquisition costs 16,628,000 16,146,000 33,620,000 32,161,000
Other underwriting expenses 17,092,478 14,182,695 34,539,390 26,815,711
Policyholder dividends 98,915 65,482 305,929 244,783
Interest 558,842 168,935 1,002,312 353,693
Other expenses 552,066 581,750 1,370,412 1,163,499
Total expenses 119,126,097 99,654,478 228,113,404 197,229,788
(Loss) income before income tax (benefit) expense (2,071,599) 1,870,876 524,536 2,146,414
Income tax (benefit) expense (377,610) 131,148 12,589 171,928
Net (loss) income $ (1,693,989) $ 1,739,728 $ 511,947 $ 1,974,486
Class A Shares
       
(Loss) earnings per common share:        
Common stock - basic and diluted $ (0.07) $ 0.07 $ 0.02 $ 0.08
Class B Shares
       
(Loss) earnings per common share:        
Common stock - basic and diluted $ (0.06) $ 0.06 $ 0.02 $ 0.07