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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 24,968,508 $ (12,736,663)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Losses and settlement expenses (affiliated $1,188,617 and $43,741,695) 2,254,191 45,183,770
Unearned premiums (affiliated $31,622,415 and $28,114,206) 31,700,276 28,157,369
Other policyholders' funds due to affilitate 1,542,349 (2,455,827)
Amounts due affiliate to settle inter-company transaction balances (26,873,622) 4,970,096
Pension and postretirement benefits payable to affiliate 5,327,016 3,186,967
Reinsurance receivables due from affiliate 3,292,488 (12,300,286)
Prepaid reinsurance premiums due from affiliate 3,222,174 (869,715)
Commission payable (affiliated $693,173 and ($6,472,164)) 655,488 (6,465,019)
Interest payable to affiliate (225,000) (225,000)
Deferred policy acquisition costs (affiliated ($5,868,462) and ($4,509,030)) (5,884,488) (4,517,735)
Stock-based compensation payable to affiliate 176,470 150,802
Accrued investment income (291,345) 122,878
Accrued income tax:    
Current 5,134,114 (8,260,853)
Deferred (381,871) (1,930,001)
Realized investment gains (7,603,625) (6,436,758)
Accounts receivable (1,206,758) 364,094
Amortization of premium/discount on fixed maturity securities (386,038) (581,134)
Other, net (affiliated ($3,805,017) and ($3,095,097)) (2,424,711) (3,254,620)
Total adjustments to reconcile net income (loss) to cash provided by operating activities 8,027,108 34,839,028
Net cash provided by operating activities 32,995,616 22,102,365
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities of fixed maturity securities held-to-maturity 0 23,627
Purchases of fixed maturity securities available-for-sale (184,246,071) (161,203,068)
Disposals of fixed maturity securities available-for-sale 178,582,941 183,498,684
Purchases of equity securities available-for-sale (75,820,766) (60,685,974)
Disposals of equity securities available-for-sale 63,185,706 54,102,743
Disposals of other long-term investments 4,872 11,475
Net purchases of short-term investments (7,412,448) (29,640,975)
Net cash used in investing activities (25,705,766) (13,893,488)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock through affiliate's stock option plans 306,431 875,186
Excess tax benefit associated with affiliate's stock option plans (2,190) 6,622
Repurchase of common stock 0 (1,849,896)
Dividends paid to stockholders (affiliated ($4,708,710) and ($4,473,276)) (7,731,673) (7,367,209)
Net cash used in financing activities (7,427,432) (8,335,297)
NET DECREASE IN CASH (137,582) (126,420)
Cash at the beginning of the year 255,042 491,994
Cash at the end of the quarter $ 117,460 $ 365,574