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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net premiums earned $ 231,774,594 $ 234,311,147 $ 464,476,483 $ 462,059,826
Investment income, net of investment expenses 12,540,362 11,068,499 24,523,936 22,040,826
Net investment gains 1,543,721 736,669 1,072,860 2,850,047
Lease income 76,281 77,504 153,108 159,327
Installment payment fees 844,315 578,727 1,726,510 803,389
Other income, net 368,744 0    
Total revenues 247,148,017 246,772,546 491,952,897 487,913,415
Expenses:        
Net losses and loss expenses 150,917,125 165,360,319 282,950,272 316,256,734
Amortization of deferred policy acquisition costs 39,501,000 40,656,000 78,732,000 80,258,000
Other underwriting expenses 35,149,888 34,037,409 76,344,882 75,777,277
Policyholder dividends 818,942 1,186,549 1,578,331 2,241,208
Interest 336,705 154,586 669,750 309,183
Other expenses, net 0 365,241 92,356 810,175
Total expenses 226,723,660 241,760,104 440,367,591 475,652,577
Income before income tax expense 20,424,357 5,012,442 51,585,306 12,260,838
Income tax expense 3,558,237 859,665 9,514,012 2,152,510
Net income $ 16,866,120 $ 4,152,777 $ 42,071,294 $ 10,108,328
Class A Common Stock [Member]        
Net income per share:        
Basic (in Dollars per share) $ 0.47 $ 0.13 $ 1.19 $ 0.31
Diluted (in Dollars per share) 0.46 0.13 1.17 0.31
Class B Common Stock [Member]        
Net income per share:        
Basic (in Dollars per share) 0.43 0.11 1.08 0.28
Diluted (in Dollars per share) $ 0.43 $ 0.11 $ 1.08 $ 0.28