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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income (loss)$ (11,403,952)$ 20,635,140
Adjustments to reconcile net income (loss) to net cash provided by operating activities:  
Losses and settlement expenses (affiliated $43,741,695 and $10,570,393)45,183,77011,097,500
Unearned premiums (affiliated $28,114,206 and $23,699,789)28,157,36923,699,789
Other policyholders' funds due to affilitate(2,455,827)(415,198)
Amounts due affiliate to settle inter-company transaction balances4,970,096(22,898,319)
Pension and postretirement benefits payable to affiliate3,186,9673,778,948
Reinsurance receivables due from affiliate(12,300,286)(1,842,101)
Prepaid reinsurance premiums due from affiliate(869,715)(4,586,938)
Commission payable (affiliated ($6,472,164) and ($1,635,680))(6,465,019)(1,594,362)
Interest payable to affiliate(225,000)(225,000)
Deferred policy acquisition costs (affiliated ($6,559,312) and ($4,563,771))(6,568,060)(4,563,771)
Stock-based compensation payable to affiliate150,802112,054
Accrued investment income122,878(648,342)
Accrued income tax:  
Current(8,260,853)(8,018,462)
Deferred(1,212,387)628,309
Realized investment gains(6,436,758)(1,429,298)
Accounts receivable364,094(729,552)
Amortization of premium/discount on fixed maturity securities(581,134)(802,570)
Other, net (affiliated ($3,095,097) and ($4,222,703))(3,254,620)(4,292,828)
Total adjustments to reconcile net income (loss) to net cash provided by operating activities33,506,317(12,730,141)
Net cash provided by operating activities22,102,3657,904,999
CASH FLOWS FROM INVESTING ACTIVITIES  
Maturities of fixed maturity securities held-to-maturity23,62757,734
Purchases of fixed maturity securities available-for-sale(161,203,068)(149,067,364)
Disposals of fixed maturity securities available-for-sale183,498,684143,105,230
Purchases of equity securities available-for-sale(60,685,974)(28,260,083)
Disposals of equity securities available-for-sale54,102,74328,550,120
Disposals of other long-term investments11,47512,166
Net (purchases) disposals of short-term investments(29,640,975)9,372,377
Net cash provided by (used in) investing activities(13,893,488)3,770,180
CASH FLOWS FROM FINANCING ACTIVITIES  
Issuance of common stock through affilate's stock option plans875,186755,705
Excess tax benefit associated with affilate's stock option plans6,622342
Repurchase of common stock(1,849,896)(5,294,432)
Dividends paid to stockholders (affiliated ($4,473,276) and ($4,237,840))(7,367,209)(7,058,028)
Net cash used in financing activities(8,335,297)(11,596,413)
NET INCREASE (DECREASE) IN CASH(126,420)78,766
Cash at the beginning of the year491,994278,534
Cash at the end of the quarter$ 365,574$ 357,300