Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues
Net premiums earned	$ 3,517,249	$ 2,622,114	$ 6,884,948	$ 4,840,061
Ceding commission revenue	2,727,867	1,971,144	5,040,442	4,182,281
Net investment income	160,464	148,923	338,134	281,203
Net realized gain on investments	89,961	110,089	160,432	144,749
Other income	217,101	228,381	464,573	449,485
Total revenues	6,712,642	5,080,651	12,888,529	9,897,779
Expenses
Loss and loss adjustment expenses	1,823,630	1,175,718	4,374,394	2,610,336
Commission expense	1,504,894	1,223,484	2,876,643	2,360,103
Other underwriting expenses	1,734,095	1,428,142	3,310,914	2,532,062
Other operating expenses	299,002	377,188	602,965	916,807
Depreciation and amortization	154,682	151,801	313,142	308,488
Interest expense	38,907	47,100	84,672	92,302
Interest expense - mandatorily redeemable preferred stock	0	37,353	0	74,706
Total expenses	5,555,210	4,440,786	11,562,730	8,894,804
Income from continuing operations before taxes	1,157,432	639,865	1,325,799	1,002,975
Income tax expense	383,501	291,546	425,244	436,110
Income from continuing operations	773,931	348,319	900,555	566,865
Income from discontinued operations, net of taxes	0	10,000	0	23,848
Net income	773,931	358,319	900,555	590,713
Gross unrealized investment holding (loses) gains arising during period	301,456	(3,232)	333,306	36,647
Income tax (expense) benefit related to items of other comprehensive income	(102,495)	1,099	(113,324)	(12,460)
Comprehensive income	$ 972,892	$ 356,186	$ 1,120,537	$ 614,900
Basic and diluted earnings per common share:
Income from continuing operations	$ 0.20	$ 0.11	$ 0.23	$ 0.19
Income from discontinued operations	$ 0.00	$ 0.00	$ 0.00	$ 0.01
Income per common share	$ 0.20	$ 0.11	$ 0.23	$ 0.20
Weighted average common shares outstanding
Basic	3,838,386	3,079,451	3,838,386	3,016,830
Diluted	3,918,763	3,079,451	3,921,289	3,016,830