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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Fixed maturities    
Held to maturity, at amortized cost (net of allowance for expected credit losses of $1,358,977 and $0) $ 683,911,746 $ 688,439,360
Available for sale, at fair value 566,539,622 523,791,931
Equity securities, at fair value 35,463,958 35,104,840
Short-term investments, at cost, which approximates fair value 20,370,551 57,321,111
Total investments 1,306,285,877 1,304,657,242
Cash 23,718,830 25,123,332
Accrued investment income 10,477,007 8,861,292
Premiums receivable 188,633,601 173,846,294
Reinsurance receivable (net of allowance for expected credit losses of $1,604,771 and $0) 437,888,614 456,522,223
Deferred policy acquisition costs 77,920,996 73,170,230
Deferred tax asset, net 23,790,808 21,603,017
Prepaid reinsurance premiums 173,147,044 160,591,399
Property and equipment, net 2,673,580 2,755,105
Accounts receivable - securities 0 1,842
Federal income taxes recoverable 7,974,138 8,510,897
Goodwill 5,625,354 5,625,354
Other intangible assets 958,010 958,010
Other 1,183,162 1,123,098
Total assets 2,260,277,021 2,243,349,335
Liabilities    
Losses and loss expenses 1,113,354,318 1,121,045,758
Unearned premiums 617,325,983 577,653,130
Accrued expenses 4,107,224 4,226,390
Reinsurance balances payable 7,454,490 3,495,824
Borrowings under lines of credit 35,000,000 35,000,000
Cash dividends declared to stockholders $ 0 $ 5,296,990
Other Liability, Related Party, Type [Extensible Enumeration] srt:AffiliatedEntityMember srt:AffiliatedEntityMember
Total liabilities $ 1,786,937,443 $ 1,759,756,323
Stockholders' Equity    
Preferred stock, $.01 par value, authorized 2,000,000 shares; none issued 0 0
Additional paid-in capital 333,559,263 325,601,647
Accumulated other comprehensive loss (50,295,321) (41,703,747)
Retained earnings 230,939,204 240,563,774
Treasury stock, at cost (41,226,357) (41,226,357)
Total stockholders' equity 473,339,578 483,593,012
Total liabilities and stockholders' equity 2,260,277,021 2,243,349,335
Class A Common Stock [Member]    
Stockholders' Equity    
Common stock 306,297 301,203
Class B Common Stock [Member]    
Stockholders' Equity    
Common stock 56,492 56,492
Related Party [Member]    
Liabilities    
Due to affiliate 1,189,483 5,173,289
Other 1,189,483 5,173,289
Nonrelated Party [Member]    
Liabilities    
Due to affiliate 8,505,945 7,864,942
Other $ 8,505,945 $ 7,864,942