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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Fixed maturities    
Held to maturity, at amortized cost (fair value $500,314,344 and $405,038,296) $ 476,093,782 $ 402,798,518
Available for sale, at fair value (amortized cost $556,839,278 and $535,112,451) 564,951,803 526,558,304
Equity securities, at fair value 55,477,556 43,667,009
Investment in Donegal Financial Services Corporation 41,025,975
Short-term investments, at cost, which approximates fair value 14,030,222 16,748,760
Total investments 1,110,553,363 1,030,798,566
Cash 49,318,930 52,594,461
Accrued investment income 7,066,029 6,561,199
Premiums receivable 165,732,949 156,702,250
Reinsurance receivable 367,021,468 343,369,065
Deferred policy acquisition costs 59,284,859 60,615,127
Deferred tax asset, net 8,514,311 13,069,755
Prepaid reinsurance premiums 142,475,767 135,379,777
Property and equipment, net 4,558,072 4,690,704
Accounts receivable - securities 4,961 261,829
Federal income taxes recoverable 19,032,604
Goodwill 5,625,354 5,625,354
Other intangible assets 958,010 958,010
Other 2,047,058 2,419,566
Total assets 1,923,161,131 1,832,078,267
Liabilities    
Losses and loss expenses 869,673,849 814,665,224
Unearned premiums 510,147,485 506,528,606
Accrued expenses 28,453,744 25,442,146
Reinsurance balances payable 2,116,084 3,882,193
Borrowings under lines of credit 35,000,000 60,000,000
Cash dividends declared to stockholders 4,075,234 3,948,484
Subordinated debentures 5,000,000 5,000,000
Accounts payable - securities 1,119 1,003,810
Income taxes payable 84,831
Due to affiliate 10,069,171 10,874,540
Other 7,524,095 1,863,363
Total liabilities 1,472,145,612 1,433,208,366
Stockholders' Equity    
Preferred stock, $.01 par value, authorized 2,000,000 shares; none issued
Additional paid-in capital 268,151,601 261,258,423
Accumulated other comprehensive income (loss) 504,170 (14,228,059)
Retained earnings 223,267,573 192,751,208
Treasury stock, at cost (41,226,357) (41,226,357)
Total stockholders' equity 451,015,519 398,869,901
Total liabilities and stockholders' equity 1,923,161,131 1,832,078,267
Class A Common Stock [Member]    
Stockholders' Equity    
Common stock value 262,040 258,194
Total stockholders' equity 262,040 258,194
Class B Common Stock [Member]    
Stockholders' Equity    
Common stock value 56,492 56,492
Total stockholders' equity $ 56,492 $ 56,492