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Consolidated Statements of Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Net premiums earned $ 216,260,037 $ 204,128,489 $ 431,493,197 $ 403,377,113
Investment income, net of investment expenses 10,157,459 8,203,846 19,606,537 16,062,727
Net investment gains (losses) 2,504,012 (8,376,713) 2,172,823 (8,452,960)
Lease income 86,708 98,222 176,055 202,850
Installment payment fees 187,703 257,305 493,078 748,136
Total revenues 229,195,919 204,311,149 453,941,690 411,937,866
Expenses:        
Net losses and loss expenses 151,234,696 141,608,361 289,340,585 259,491,363
Amortization of deferred policy acquisition costs 37,935,000 35,172,000 75,733,000 69,354,000
Other underwriting expenses 35,948,337 36,235,198 76,559,774 73,341,502
Policyholder dividends 1,345,638 1,288,744 2,688,978 2,937,495
Interest 154,636 239,725 307,593 392,758
Other expenses, net 324,134 346,200 761,849 773,588
Total expenses 226,942,441 214,890,228 445,391,779 406,290,706
Income (loss) before income tax expense (benefit) 2,253,478 (10,579,079) 8,549,911 5,647,160
Income tax expense (benefit) 256,055 (2,371,322) 1,348,892 709,888
Net income (loss) $ 1,997,423 $ (8,207,757) $ 7,201,019 $ 4,937,272
Class A Common Stock [Member]        
Net income (loss) per share:        
Basic (in dollars per share) $ 0.06 $ (0.26) $ 0.22 $ 0.16
Diluted (in dollars per share) 0.06 (0.26) 0.22 0.16
Class B Common Stock [Member]        
Net income (loss) per share:        
Basic (in dollars per share) 0.05 (0.24) 0.2 0.14
Diluted (in dollars per share) $ 0.05 $ (0.24) $ 0.2 $ 0.14