v3.19.3
Consolidated Statements of Income (Loss) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Net premiums earned $ 189,821,058 $ 187,661,705 $ 566,657,613 $ 555,140,395
Investment income, net of investment expenses 7,389,749 6,620,491 21,727,904 19,341,012
Net investment gains (losses) (369,041) 3,463,504 19,294,229 4,062,475
Lease income 110,598 119,934 333,852 365,930
Installment payment fees 1,057,536 1,305,778 3,204,130 3,959,936
Equity in earnings of Donegal Financial Services Corporation   732,768 295,000 2,152,738
Total revenues 198,009,900 199,904,180 611,512,728 585,022,486
Expenses:        
Net losses and loss expenses 130,743,395 140,726,106 385,361,331 433,063,019
Amortization of deferred policy acquisition costs 31,304,000 31,110,000 92,821,000 91,354,000
Other underwriting expenses 26,516,518 24,528,860 85,409,737 82,343,932
Policyholder dividends 2,446,696 1,050,200 6,765,834 3,565,971
Interest 443,179 651,768 1,311,894 1,682,200
Other expenses, net 251,228 560,260 1,155,493 1,604,595
Total expenses 191,705,016 198,627,194 572,825,289 613,613,717
Income (loss) before income tax expense (benefit) 6,304,884 1,276,986 38,687,439 (28,591,231)
Income tax expense (benefit) 1,118,505 70,630 5,689,442 (10,829,654)
Net income (loss) $ 5,186,379 $ 1,206,356 $ 32,997,997 $ (17,761,577)
Class A Common Stock [Member]        
Earnings (loss) per common share:        
Common stock - basic $ 0.19 $ 0.04 $ 1.18 $ (0.64)
Common stock - diluted 0.18 0.04 1.17 (0.64)
Class B Common Stock [Member]        
Earnings (loss) per common share:        
Common stock - basic 0.16 0.04 1.06 (0.59)
Common stock - diluted 0.16 0.04 1.06 (0.59)
Common stock - basic and diluted $ 0.16 $ 0.04 $ 1.06 $ (0.59)