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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Net premiums earned (includes affiliated reinsurance of $237,903,029, $232,105,306 and $212,591,341 - see note 3) $ 882,071,386 $ 822,489,450 $ 776,015,201
Investment income, net of investment expenses 40,853,215 34,016,112 31,125,631
Installment payment fees 894,137 1,516,330 2,416,873
Lease income 346,439 383,451 430,800
Net investment gains (losses) (includes ($2,242,190), ($979,972) and $382,602 accumulated other comprehensive income reclassification) 3,172,807 (10,184,797) 6,477,286
Total revenues 927,337,984 848,220,546 816,465,791
Expenses      
Net losses and loss expenses (includes affiliated reinsurance of $150,198,479, $177,849,040 and $131,367,599 - see note 3) 609,177,699 564,078,993 520,709,542
Amortization of deferred policy acquisition costs 154,214,000 142,430,000 128,733,000
Other underwriting expenses 151,747,579 137,923,739 129,367,893
Policyholder dividends 5,313,430 5,560,407 5,198,515
Interest 619,813 620,558 895,605
Other, net 1,201,987 1,244,948 1,222,728
Total expenses 922,274,508 851,858,645 786,127,283
Income (loss) before income tax expense (benefit) 5,063,476 (3,638,099) 30,338,508
Income tax expense (benefit) (includes ($470,860), ($205,794) and $80,346 income tax (benefit) expense from reclassification items) 637,972 (1,678,694) 5,084,334
Net income (loss) 4,425,504 (1,959,405) 25,254,174
Statements of Comprehensive Income (Loss)      
Net income (loss) 4,425,504 (1,959,405) 25,254,174
Unrealized gain (loss) on securities:      
Unrealized holding gain (loss) arising during the period, net of income tax expense (benefit) of $1,285,390, ($12,164,443) and ($2,008,078) 4,246,693 (45,761,476) (7,544,805)
Reclassification adjustment for losses (gains) included in net income (loss), net of income tax (benefit) expense of ($470,860), ($205,794) and $80,346 1,771,330 774,178 (302,256)
Other comprehensive income (loss) 6,018,023 (44,987,298) (7,847,061)
Comprehensive income (loss) $ 10,443,527 $ (46,946,703) $ 17,407,113
Class A Common Stock [Member]      
Basic earnings (loss) per common share:      
Basic (in dollars per share) $ 0.14 $ (0.06) $ 0.83
Diluted earnings (loss) per common share:      
Diluted (in dollars per share) 0.14 (0.06) 0.83
Class B Common Stock [Member]      
Basic earnings (loss) per common share:      
Basic (in dollars per share) 0.11 (0.07) 0.74
Diluted earnings (loss) per common share:      
Diluted (in dollars per share) $ 0.11 $ (0.07) $ 0.74