XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Net premiums earned $ 130,645,011 $ 120,916,960 $ 382,310,380 $ 353,177,873
Investment income, net of investment expenses 4,624,287 4,715,295 14,110,288 14,724,305
Net realized investment gains 349,164 1,312,137 2,943,710 5,150,450
Lease income 212,581 235,734 638,535 727,705
Installment payment fees 1,768,537 1,914,587 5,212,420 5,676,957
Equity in earnings of Donegal Financial Services Corporation 735,380 1,336,818 2,499,854 3,621,593
Total revenues 138,334,960 130,431,531 407,715,187 383,078,883
Expenses:        
Net losses and loss expenses 84,882,734 82,105,094 259,935,100 245,099,666
Amortization of deferred policy acquisition costs 20,766,000 18,864,000 60,236,000 54,980,000
Other underwriting expenses 21,454,770 19,130,875 61,335,688 57,617,438
Policyholder dividends 456,675 401,531 1,272,530 800,015
Interest 431,899 584,109 1,252,747 1,785,108
Other expenses 828,674 473,240 3,223,467 1,961,158
Total expenses 128,820,752 121,558,849 387,255,532 362,243,385
Income before income tax expense 9,514,208 8,872,682 20,459,655 20,835,498
Income tax expense 1,860,474 2,033,298 3,701,498 3,962,900
Net income $ 7,653,734 $ 6,839,384 $ 16,758,157 $ 16,872,598
Common Class A [Member]
       
Earnings per common share:        
Common stock - basic and diluted $ 0.30 $ 0.27    
Common stock - basic $ 0.30 $ 0.27 $ 0.66 $ 0.67
Common stock - diluted $ 0.30 $ 0.27 $ 0.65 $ 0.66
Common Class B [Member]
       
Earnings per common share:        
Common stock - basic and diluted $ 0.27 $ 0.25 $ 0.60 $ 0.61
Common stock - basic $ 0.27 $ 0.25 $ 0.60 $ 0.61
Common stock - diluted $ 0.27 $ 0.25 $ 0.60 $ 0.61