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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Measurements [Abstract]  
Fair value measurements for investments in available-for-sale fixed maturity and equity securities
                                 
    Fair Value Measurements Using  
    Fair Value     Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
    Significant Other
Observable Inputs
(Level 2)
    Significant
Unobservable
Inputs (Level 3)
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies

  $ 71,311,103     $ —       $ 71,311,103     $ —    

Obligations of states and political subdivisions

    416,986,963       —         416,986,963       —    

Corporate securities

    77,355,777       —         77,355,777       —    

Residential mortgage-backed securities

    128,855,978       —         128,855,978       —    

Equity securities

    8,757,258       5,365,721       3,391,537       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 703,267,079     $ 5,365,721     $ 697,901,358     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
                                 
    Fair Value Measurements Using  
    Fair Value     Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
    Significant Other
Observable Inputs
(Level 2)
    Significant
Unobservable
Inputs (Level 3)
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies

  $ 60,977,557     $ —       $ 60,977,557     $ —    

Obligations of states and political subdivisions

    398,876,582       —         398,876,582       —    

Corporate securities

    64,113,649       —         64,113,649       —    

Residential mortgage-backed securities

    122,630,390       —         122,630,390       —    

Equity securities

    7,437,538       6,178,136       1,259,402       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 654,035,716     $ 6,178,136     $ 647,857,580     $ —