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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Investments in securities    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2012: $75,573,673; 2011: $78,783,968) $ 81,936,978 $ 85,407,365
Equity securities, available-for-sale, at fair value (cost: 2012: $21,229,114; 2011: $17,652,745) 28,510,933 22,549,975
Short-term investments 13,567,648 14,112,262
Other investments 6,763,100 3,631,714
Total investments 130,778,659 125,701,316
Cash and cash equivalents 20,810,018 18,042,258
Premium and fees receivable (less allowance for doubtful accounts: 2012: $1,902,581; 2011: $1,218,000) 11,037,714 6,810,000
Accrued interest and dividends 1,037,447 1,108,156
Prepaid expenses and other assets 4,651,115 2,743,517
Property, net 3,603,323 3,553,216
Total Assets 171,918,276 157,958,463
Liabilities:    
Reserves for claims 39,078,000 37,996,000
Accounts payable and accrued liabilities 15,477,545 12,330,383
Current income taxes payable 1,336,824 640,533
Deferred income taxes, net 893,156 479,363
Total liabilities 56,785,525 51,446,279
Commitments and Contingencies 0 0
Redeemable Noncontrolling Interest 493,861 0
Stockholders' Equity:    
Preferred stock (1,000,000 authorized shares; no shares issued) 0 0
Common stock - no par value (10,000,000 authorized shares; 2,043,359 and 2,107,681 shares issued and outstanding 2012 and 2011, respectively, excluding 291,676 shares for 2012 and 2011 of common stock held by the Company's subsidiary) 1 1
Retained earnings 105,820,459 99,003,018
Accumulated other comprehensive income 8,818,430 7,509,165
Total stockholders' equity 114,638,890 106,512,184
Total Liabilities and Stockholders' Equity $ 171,918,276 $ 157,958,463