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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Fixed maturities:    
Securities held-to-maturity, at amortized cost (fair value 371,456 and 389,679) $ 322,602 $ 340,803
Securities available-for-sale, at fair value (amortized cost 877,611,517 and 909,582,782) 920,197,839 941,537,026
Equity securities available-for-sale, at fair value (cost 87,103,570 and 75,721,039) 110,941,324 101,138,982
Other long-term investments, at cost 22,177 29,827
Short-term investments, at cost 70,372,883 36,616,111
Total investments 1,101,856,825 1,079,662,749
Cash 276,864 491,994
Reinsurance receivables due from affiliate 36,261,477 30,256,586
Prepaid reinsurance premiums due from affiliate 9,211,749 9,530,426
Deferred policy acquisition costs (affiliated 39,315,029 and 37,584,448) 39,321,007 37,584,448
Prepaid pension benefits due from affiliate 4,260,282 5,125,701
Accrued investment income 10,339,597 10,925,854
Accounts receivable 1,226,136 1,716,150
Income taxes recoverable 9,326,943 2,350,864
Deferred income taxes 3,795,801 6,690,218
Goodwill 941,586 941,586
Other assets (affiliated 3,953,355 and 2,433,445) 4,230,738 2,517,922
Total assets 1,221,049,005 1,187,794,498
LIABILITIES    
Losses and settlement expenses (affiliated 590,916,267 and 553,125,183) 595,478,577 556,140,956
Unearned premiums (affiliated 174,378,776 and 167,896,119) 174,409,257 167,896,119
Other policyholders' funds due to affiliate 6,858,887 8,315,751
Surplus notes payable to affiliate 25,000,000 25,000,000
Amounts due affiliate to settle inter-company transaction balances 12,549,689 18,380,813
Pension and postretirement benefits payable to affiliate 21,050,225 20,418,716
Other liabilities (affiliated 13,924,379 and 22,861,092) 22,458,336 23,001,141
Total liabilities 857,804,971 819,153,496
STOCKHOLDERS' EQUITY    
Common stock, 1 par value, authorized 20,000,000 shares; issued and outstanding, 12,945,473 shares in 2011 and 12,927,678 shares in 2010 12,945,473 12,927,678
Additional paid-in capital 89,477,320 88,937,294
Accumulated other comprehensive income (loss):    
Net unrealized losses on fixed maturity securities with 'other-than-temporary' impairments 0 (69,852)
Other net unrealized gains 43,175,648 37,361,774
Unrecognized pension and postretirement benefits (all affiliated) (12,452,027) (12,796,435)
Total accumulated other comprehensive income 30,723,621 24,495,487
Retained earnings 230,097,620 242,280,543
Total stockholders' equity 363,244,034 368,641,002
Total liabilities and stockholders' equity $ 1,221,049,005 $ 1,187,794,498