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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost $961,013,661 and $920,843,939) $ 997,064,563 $ 999,794,857
Equity securities available-for-sale, at fair value (cost $115,397,494 and $111,851,963) 157,577,216 140,293,825
Other long-term investments 865,384 863,257
Short-term investments 33,921,749 53,418,914
Total investments 1,189,428,912 1,194,370,853
Cash 505,623 330,392
Reinsurance receivables due from affiliate 32,764,299 34,277,728
Prepaid reinsurance premiums due from affiliate 7,405,927 5,195,892
Deferred policy acquisition costs (affiliated $36,603,042 and $34,425,593) 36,629,835 34,425,593
Prepaid pension benefits due from affiliate 921,515 1,413,104
Accrued investment income 10,033,315 9,938,714
Accounts receivable 2,251,127 2,390,955
Income taxes recoverable 3,170,763 1,588,089
Deferred income taxes 3,596,776 0
Goodwill 941,586 941,586
Other assets (affiliated $7,064,353 and $5,760,369) 12,225,536 5,836,200
Total assets 1,299,875,214 1,290,709,106
LIABILITIES    
Losses and settlement expenses (affiliated $589,088,254 and $577,476,988) 596,343,521 583,096,965
Unearned premiums (affiliated $209,739,584 and $196,215,465) 209,859,865 196,215,465
Other policyholders' funds (all affiliated) 6,734,825 6,055,111
Surplus notes payable to affiliate 25,000,000 25,000,000
Amounts due affiliate to settle inter-company transaction balances 2,610,031 19,127,010
Pension and postretirement benefits payable to affiliate 31,860,634 30,714,633
Deferred income taxes 0 6,352,690
Other liabilities (affiliated $16,339,440 and $22,794,304) 24,192,190 22,938,068
Total liabilities 896,601,066 889,499,942
STOCKHOLDERS' EQUITY    
Common stock, $1 par value, authorized 20,000,000 shares; issued and outstanding, 13,116,098 shares in 2013 and 12,909,457 shares in 2012 13,116,098 12,909,457
Additional paid-in capital 94,300,936 89,205,881
Accumulated other comprehensive income 29,507,587 [1] 47,752,375 [1]
Retained earnings 266,349,527 251,341,451
Total stockholders' equity 403,274,148 401,209,164
Total liabilities and stockholders' equity $ 1,299,875,214 $ 1,290,709,106
[1] All amounts are net of tax. Amounts in parentheses indicate debits.