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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 43,518,673 $ 37,966,429 $ (2,737,279)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Losses and settlement expenses (affiliated $22,836,361, ($11,369,598) and $35,721,403) 27,083,885 (10,203,282) 37,159,291
Unearned premiums (affiliated $22,572,219, $15,526,088 and $12,793,258) 24,411,819 15,526,088 12,793,258
Other policyholders' funds due to affiliate 2,435,924 993,951 (3,254,591)
Amounts due to/from affiliate to settle inter-company transaction balances (5,605,149) (1,906,617) 2,652,814
Net pension and postretirement benefits payable to affiliate 1,267,439 2,337,666 (2,569,912)
Reinsurance receivables due from affiliate (481,993) 5,239,380 (9,260,522)
Prepaid reinsurance premiums due from affiliate (4,521,476) 4,182,134 152,400
Commissions payable (affiliated $2,078,026, $2,606,348 and ($5,326,118)) 2,226,816 2,586,605 (5,231,377)
Deferred policy acquisition costs (affiliated ($2,988,050),($3,575,876) and ($2,170,016)) (3,366,849) (3,575,876) (2,170,016)
Accrued investment income (45,937) 317,785 669,355
Current income tax 3,213,297 8,080,149 (7,312,973)
Deferred income tax 406,909 2,072,604 1,564,021
Net realized investment gains (8,996,545) (8,017,028) (9,303,293)
Other, net (affiliated $1,369,372, $509,256 and ($755,075)) 5,286,133 (561,848) (1,385,685)
Total adjustments to reconcile net income (loss) to net cash provided by operating activities 43,314,273 17,071,711 14,502,770
Net cash provided by operating activities 86,832,946 55,038,140 11,765,491
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of fixed maturity securities available-for-sale (264,177,959) (246,492,328) (210,127,051)
Disposals of fixed maturity securities available-for-sale 175,663,715 226,671,993 220,875,360
Purchases of equity securities available-for-sale (40,579,581) (84,761,903) (104,379,504)
Disposals of equity securities available-for-sale 47,479,217 71,007,675 98,048,353
Purchases of other long-term investments (1,798,225) (855,226) 0
Disposals of other long-term investments 246,134 6,496 15,300
Disposals of fixed maturity securities held-to-maturity 0 0 388,012
Net purchases of short-term investments (2,786,194) (10,789,988) (6,012,815)
Net cash used in investing activities (85,952,893) (45,213,281) (1,192,345)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of common stock through affiliate’s stock plans 10,208,452 691,552 974,493
Excess tax benefit associated with affiliate’s stock plans 95,077 (2,221) 6,622
Repurchase of common stock 0 0 (1,849,896)
Dividends paid to stockholders (affiliated ($6,749,153), ($6,356,760) and ($6,042,846)) (11,275,153) (10,438,840) (9,941,317)
Net cash used in financing activities (971,624) (9,749,509) (10,810,098)
NET INCREASE (DECREASE) IN CASH (91,571) 75,350 (236,952)
Cash at the beginning of the year 330,392 255,042 491,994
Cash at the end of the year 238,821 330,392 255,042
Income taxes paid (recovered) 13,713,541 3,514,432 (1,759,507)
Interest paid to affiliate $ 900,000 $ 900,000 $ 900,000