XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Net premiums earned $ 192,488,665 $ 184,373,768 $ 379,740,265 $ 371,626,546
Investment income, net of investment expenses 7,652,180 7,172,144 15,162,758 14,548,428
Net investment gains (losses) 4,241,031 6,485,896 6,710,085 (4,208,947)
Lease income 108,038 109,205 215,805 218,472
Installment payment fees 656,029 758,759 1,286,928 1,626,479
Total revenues 205,145,943 198,899,772 403,115,841 383,810,978
Expenses:        
Net losses and loss expenses 113,956,652 105,349,019 233,176,399 222,595,545
Amortization of deferred policy acquisition costs 33,103,000 29,634,000 63,282,000 59,571,000
Other underwriting expenses 36,229,677 33,567,266 70,011,727 66,164,895
Policyholder dividends 1,629,499 1,683,658 2,923,520 3,525,658
Interest 217,290 428,092 529,616 652,422
Other expenses, net 313,000 249,688 745,069 810,238
Total expenses 185,449,118 170,911,723 370,668,331 353,319,758
Income before income tax expense 19,696,825 27,988,049 32,447,510 30,491,220
Income tax expense 3,532,789 5,309,271 5,753,626 4,081,321
Net income $ 16,164,036 $ 22,678,778 $ 26,693,884 $ 26,409,899
Class A Common Stock [Member]        
Earnings per common share:        
common stock - basic $ 0.53 $ 0.80 $ 0.89 $ 0.93
common stock - diluted 0.53 0.79 0.88 0.92
Class B Common Stock [Member]        
Earnings per common share:        
common stock - basic 0.48 0.72 0.80 0.84
common stock - diluted 0.48 0.72 0.80 0.84
common stock - basic and diluted $ 0.48 $ 0.72 $ 0.80 $ 0.84