Consolidated Balance Sheets (USD $)	Dec. 31, 2011	Dec. 31, 2010
Fixed maturities
Held to maturity, at amortized cost (fair value $61,422,347 and $67,808,721)	$ 58,489,619	$ 64,766,429
Available for sale, at fair value (amortized cost $614,298,854 and $601,302,986)	646,598,178	603,846,201
Equity securities, available for sale, at fair value (cost $7,238,803 and $2,503,565)	7,437,538	10,161,614
Investments in affiliates	32,322,246	8,991,577
Short-term investments, at cost, which approximates fair value	40,461,410	40,775,993
Total investments	785,308,991	728,541,814
Cash	13,245,378	16,342,212
Accrued investment income	6,713,038	7,365,171
Premiums receivable	104,715,327	96,467,949
Reinsurance receivable	209,823,907	173,836,746
Deferred policy acquisition costs	36,424,955	34,445,579
Deferred tax asset, net	9,919,720	11,988,169
Prepaid reinsurance premiums	106,450,018	89,365,771
Property and equipment, net	6,154,383	7,069,086
Accounts receivable - securities	1,507,500	428,983
Federal income taxes recoverable	2,661,808	948,325
Goodwill	5,625,354	5,493,316
Other intangible assets	958,010	958,010
Other	1,285,089	1,368,392
Total assets	1,290,793,478	1,174,619,523
Liabilities
Losses and loss expenses	442,407,615	383,318,672
Unearned premiums	336,937,261	297,272,161
Accrued expenses	20,956,549	21,287,406
Reinsurance balances payable	20,039,339	19,140,322
Borrowings under line of credit	54,500,000	35,617,371
Cash dividends declared to stockholders	2,996,076	2,870,955
Subordinated debentures	20,465,000	20,465,000
Payable for the purchase of MICO	0	7,207,471
Due to affiliate	5,386,391	2,926,104
Drafts payable	1,548,953	1,304,779
Other	2,104,702	3,106,472
Total liabilities	907,341,886	794,516,713
Stockholders' Equity
Preferred stock, $1.00 par value, authorized 2,000,000 shares; none issued
Additional paid-in capital	170,836,943	167,093,504
Accumulated other comprehensive income	23,533,447	8,561,086
Retained earnings	199,604,700	213,435,095
Treasury stock, at cost	(10,787,520)	(9,249,933)
Total stockholders' equity	383,451,592	380,102,810
Total liabilities and stockholders' equity	1,290,793,478	1,174,619,523
Class A Shares
Stockholders' Equity
Common stock value	207,530	206,566
Total stockholders' equity	207,530	206,566
Class B Shares
Stockholders' Equity
Common stock value	56,492	56,492
Total stockholders' equity	$ 56,492	$ 56,492