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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Net premiums earned $ 234,311,147 $ 216,260,037 $ 462,059,826 $ 431,493,197
Investment income, net of investment expenses 11,068,499 10,157,459 22,040,826 19,606,537
Net investment gains 736,669 2,504,012 2,850,047 2,172,823
Lease income 77,504 86,708 159,327 176,055
Installment payment fees 578,727 187,703 803,389 493,078
Total revenues 246,772,546 229,195,919 487,913,415 453,941,690
Expenses:        
Net losses and loss expenses 165,360,319 151,234,696 316,256,734 289,340,585
Amortization of deferred policy acquisition costs 40,656,000 37,935,000 80,258,000 75,733,000
Other underwriting expenses 34,037,409 35,948,337 75,777,277 76,559,774
Policyholder dividends 1,186,549 1,345,638 2,241,208 2,688,978
Interest 154,586 154,636 309,183 307,593
Other expenses, net 365,241 324,134 810,175 761,849
Total expenses 241,760,104 226,942,441 475,652,577 445,391,779
Income before income tax expense 5,012,442 2,253,478 12,260,838 8,549,911
Income tax expense 859,665 256,055 2,152,510 1,348,892
Net income $ 4,152,777 $ 1,997,423 $ 10,108,328 $ 7,201,019
Class A Common Stock [Member]        
Net income per share:        
Basic (in dollars per share) $ 0.13 $ 0.06 $ 0.31 $ 0.22
Diluted (in dollars per share) 0.13 0.06 0.31 0.22
Class B Common Stock [Member]        
Net income per share:        
Basic (in dollars per share) 0.11 0.05 0.28 0.2
Diluted (in dollars per share) $ 0.11 $ 0.05 $ 0.28 $ 0.2