XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Net premiums earned $ 215,233,160 $ 199,248,624
Investment income, net of investment expenses 9,449,078 7,858,881
Net investment losses (includes ($2,199,673) and $165,354 accumulated other comprehensive income reclassifications) (331,189) (76,247)
Lease income 89,347 104,628
Installment payment fees 305,375 490,831
Total revenues 224,745,771 207,626,717
Expenses:    
Net losses and loss expenses 138,105,889 117,883,002
Amortization of deferred policy acquisition costs 37,798,000 34,182,000
Other underwriting expenses 40,611,437 37,106,304
Policyholder dividends 1,343,340 1,648,751
Interest 152,957 153,033
Other expenses, net 437,715 427,388
Total expenses 218,449,338 191,400,478
Income before income tax expense 6,296,433 16,226,239
Income tax expense (includes ($461,931) and $34,724 income tax (benefit) expense from reclassification items) 1,092,837 3,081,210
Net income $ 5,203,596 $ 13,145,029
Class A Common Stock [Member]    
Income per common share:    
Basic (in dollars per share) $ 0.16 $ 0.43
Diluted (in dollars per share) 0.16 0.43
Class B Common Stock [Member]    
Income per common share:    
Basic (in dollars per share) 0.15 0.39
Diluted (in dollars per share) $ 0.15 $ 0.39