Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fixed maturities
Held to maturity, at amortized cost (fair value $598,044,681 and $697,400,964)	$ 688,439,360	$ 668,104,568
Available for sale, at fair value (amortized cost $571,912,727 and $523,293,046)	523,791,931	532,629,015
Equity securities, at fair value	35,104,840	63,419,973
Short-term investments, at cost, which approximates fair value	57,321,111	12,692,341
Total investments	1,304,657,242	1,276,845,897
Cash	25,123,332	57,709,375
Accrued investment income	8,861,292	8,214,971
Premiums receivable	173,846,294	168,862,580
Reinsurance receivable	456,522,223	455,411,009
Deferred policy acquisition costs	73,170,230	68,028,373
Deferred tax asset, net	21,603,017	6,685,619
Prepaid reinsurance premiums	160,591,399	176,935,842
Property and equipment, net	2,755,105	2,956,930
Accounts receivable - securities	1,842	2,252
Federal income taxes recoverable	8,510,897	5,290,938
Receivable from Michigan Catastrophic Claims Association	0	18,112,800
Due from affiliate	0	1,922,717
Goodwill	5,625,354	5,625,354
Other intangible assets	958,010	958,010
Other	1,123,098	1,612,732
Total assets	2,243,349,335	2,255,175,399
Liabilities
Losses and loss expenses	1,121,045,758	1,077,620,301
Unearned premiums	577,653,130	572,958,422
Accrued expenses	4,226,390	4,028,659
Reinsurance balances payable	3,495,824	3,946,105
Borrowings under lines of credit	35,000,000	35,000,000
Cash dividends declared to stockholders	5,296,990	4,915,268
Cash refunds due to Michigan policyholders	0	18,112,800
Due to affiliate	5,173,289	0
Other	7,864,942	7,557,757
Total liabilities	1,759,756,323	1,724,139,312
Stockholders' Equity
Preferred stock, $.01 par value, authorized 2,000,000 shares; none issued	0	0
Additional paid-in capital	325,601,647	304,889,481
Accumulated other comprehensive (loss) income	(41,703,747)	3,283,551
Retained earnings	240,563,774	263,745,358
Treasury stock, at cost	(41,226,357)	(41,226,357)
Total stockholders' equity	483,593,012	531,036,087
Total liabilities and stockholders' equity	2,243,349,335	2,255,175,399
Class A Common Stock [Member]
Stockholders' Equity
Common stock value	301,203	287,562
Class B Common Stock [Member]
Stockholders' Equity
Common stock value	$ 56,492	$ 56,492