Consolidated Balance Sheets - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Fixed maturities
Held to maturity, at amortized cost	$ 487,156,618	$ 476,093,782
Available for sale, at fair value	554,463,492	564,951,803
Equity securities, at fair value	46,179,107	55,477,556
Short-term investments, at cost, which approximates fair value	72,719,077	14,030,222
Total investments	1,160,518,294	1,110,553,363
Cash	52,281,735	49,318,930
Accrued investment income	7,800,132	7,066,029
Premiums receivable	182,064,297	165,732,949
Reinsurance receivable	374,758,028	367,021,468
Deferred policy acquisition costs	60,314,704	59,284,859
Deferred tax asset, net	9,665,172	8,514,311
Prepaid reinsurance premiums	163,622,680	142,475,767
Property and equipment, net	4,497,502	4,558,072
Accounts receivable - securities	23,211	4,961
Goodwill	5,625,354	5,625,354
Other intangible assets	958,010	958,010
Other	1,242,243	2,047,058
Total assets	2,023,371,362	1,923,161,131
Liabilities
Unpaid losses and loss expenses	888,212,299	869,673,849
Unearned premiums	542,278,223	510,147,485
Accrued expenses	22,025,916	28,453,744
Reinsurance balances payable	2,594,034	2,116,084
Borrowings under lines of credit	85,000,000	35,000,000
Cash dividends declared to stockholders		4,075,234
Subordinated debentures	5,000,000	5,000,000
Accounts payable - securities	2,920,388	1,119
Income taxes payable	870,829	84,831
Due to affiliate	7,189,211	10,069,171
Other	7,719,531	7,524,095
Total liabilities	1,563,810,431	1,472,145,612
Stockholders' Equity
Preferred stock, $.01 par value, authorized 2,000,000 shares; none issued	0
Additional paid-in capital	269,888,980	268,151,601
Accumulated other comprehensive income	3,704,010	504,170
Retained earnings	226,874,806	223,267,573
Treasury stock, at cost	(41,226,357)	(41,226,357)
Total stockholders' equity	459,560,931	451,015,519
Total liabilities and stockholders' equity	2,023,371,362	1,923,161,131
Class A Common Stock [Member]
Stockholders' Equity
Common stock value	263,000	262,040
Total stockholders' equity	263,000	262,040
Class B Common Stock [Member]
Stockholders' Equity
Common stock value	56,492	56,492
Total stockholders' equity	$ 56,492	$ 56,492