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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost $1,009,572,325 and $920,843,939) $ 1,027,984,013 $ 999,794,857
Equity securities available-for-sale, at fair value (cost $113,835,488 and $111,851,963) 169,848,274 140,293,825
Other long-term investments 2,391,987 863,257
Short-term investments 56,165,534 53,418,914
Total investments 1,256,389,808 1,194,370,853
Cash 238,821 330,392
Reinsurance receivables due from affiliate 34,759,721 34,277,728
Prepaid reinsurance premiums due from affiliate 9,717,368 5,195,892
Deferred policy acquisition costs (affiliated $37,413,643 and $34,425,593) 37,792,442 34,425,593
Prepaid pension and postretirement benefits due from affiliate 23,120,558 1,413,104
Accrued investment income 9,984,651 9,938,714
Accounts receivable 1,079,693 2,390,955
Income taxes recoverable 0 1,588,089
Goodwill 941,586 941,586
Other assets (affiliated $4,780,053 and $5,760,369) 4,908,273 5,836,200
Total assets 1,378,932,921 1,290,709,106
LIABILITIES    
Losses and settlement expenses (affiliated $600,313,349 and $577,476,988) 610,180,850 583,096,965
Unearned premiums (affiliated $218,787,684 and $196,215,465) 220,627,284 196,215,465
Other policyholders' funds (all affiliated) 8,491,035 6,055,111
Surplus notes payable to affiliate 25,000,000 25,000,000
Amounts due affiliate to settle inter-company transaction balances 13,521,861 19,127,010
Pension and postretirement benefits payable to affiliate 3,401,045 30,714,633
Income taxes payable 1,530,131 0
Deferred income taxes 12,821,660 6,352,690
Other liabilities (affiliated $25,160,554 and $22,794,304) 28,148,819 22,938,068
Total liabilities 923,722,685 889,499,942
STOCKHOLDERS' EQUITY    
Common stock, $1 par value, authorized 20,000,000 shares; issued and outstanding, 13,306,027 shares in 2013 and 12,909,457 shares in 2012 13,306,027 12,909,457
Additional paid-in capital 99,308,749 89,205,881
Accumulated other comprehensive income 59,010,489 [1] 47,752,375 [1]
Retained earnings 283,584,971 251,341,451
Total stockholders' equity 455,210,236 401,209,164
Total liabilities and stockholders' equity $ 1,378,932,921 $ 1,290,709,106
[1] All amounts are net of tax. Amounts in parentheses indicate debits.