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Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Fixed maturities    
Held to maturity, at amortized cost $ 40,413,865 $ 42,100,196
Available for sale, at fair value 697,447,513 694,509,821
Equity securities, available for sale, at fair value 9,825,186 8,757,258
Investments in affiliates 37,460,515 37,235,530
Short-term investments, at cost, which approximates fair value 11,263,390 23,826,227
Total investments 796,410,469 806,429,032
Cash 23,928,800 19,801,290
Accrued investment income 6,556,997 6,332,085
Premiums receivable 127,621,896 117,196,478
Reinsurance receivable 220,553,215 215,893,322
Deferred policy acquisition costs 41,186,047 40,121,697
Deferred tax asset, net 6,817,041 6,267,536
Prepaid reinsurance premiums 114,688,465 111,156,162
Property and equipment, net 5,806,163 5,953,833
Federal income taxes recoverable 190,339  
Due from affiliate 482,251  
Goodwill 5,625,354 5,625,354
Other intangible assets 958,010 958,010
Other 1,207,634 1,154,388
Total assets 1,352,032,681 1,336,889,187
Liabilities    
Unpaid losses and loss expenses 470,555,766 458,827,395
Unearned premiums 374,384,423 363,088,103
Accrued expenses 14,451,005 17,140,832
Reinsurance balances payable 14,977,203 13,941,337
Borrowings under lines of credit 61,500,000 52,000,000
Cash dividends declared to stockholders   3,066,532
Subordinated debentures 5,000,000 20,465,000
Accounts payable - securities 3,515,255  
Federal income taxes payable   583,977
Due to affiliate   4,579,437
Drafts payable 621,768 863,589
Other 2,305,647 2,298,891
Total liabilities 947,311,067 936,855,093
Stockholders' Equity    
Preferred stock, $.01 par value, authorized 2,000,000 shares; none issued      
Additional paid-in capital 178,700,341 176,416,585
Accumulated other comprehensive income 22,344,360 26,394,577
Retained earnings 216,122,684 209,670,214
Treasury stock (12,713,193) (12,713,193)
Total stockholders' equity 404,721,614 400,034,094
Total liabilities and stockholders' equity 1,352,032,681 1,336,889,187
Common Class A
   
Stockholders' Equity    
Common stock value 210,930 209,419
Total stockholders' equity 210,930 209,419
Common Class B
   
Stockholders' Equity    
Common stock value 56,492 56,492
Total stockholders' equity $ 56,492 $ 56,492