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Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Net premiums earned $ 227,748,679 $ 215,233,160
Investment income, net of investment expenses 10,972,327 9,449,078
Net investment gains (losses) (includes ($77,051) and ($2,199,673) accumulated other comprehensive income reclassifications) 2,113,378 (331,189)
Lease income 81,823 89,347
Installment payment fees 224,662 305,375
Total revenues 241,140,869 224,745,771
Expenses:    
Net losses and loss expenses 150,896,415 138,105,889
Amortization of deferred policy acquisition costs 39,602,000 37,798,000
Other underwriting expenses 41,739,868 40,611,437
Policyholder dividends 1,054,659 1,343,340
Interest 154,597 152,957
Other expenses, net 444,934 437,715
Total expenses 233,892,473 218,449,338
Income before income tax expense 7,248,396 6,296,433
Income tax expense (includes $16,181 and $461,931 income tax benefit from reclassification items) 1,292,845 1,092,837
Net income $ 5,955,551 $ 5,203,596
Class A Common Stock [Member]    
Net income per share:    
Basic (in dollars per share) $ 0.18 $ 0.16
Diluted (in dollars per share) 0.18 0.16
Class B Common Stock [Member]    
Net income per share:    
Basic (in dollars per share) 0.16 0.15
Diluted (in dollars per share) $ 0.16 $ 0.15