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Consolidated Statements Of Income (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Net premiums written $ 23,925,997 $ 19,667,420
Investment income - interest and dividends 920,485 977,261
Net realized gain on investments 16,344 192,881
Other 1,985,447 1,576,712
Total Revenues 26,848,273 22,414,274
Operating Expenses:    
Commissions to agents 13,489,431 11,192,127
(Benefit) provision for claims (389,058) 1,631,359
Salaries, employee benefits and payroll taxes 6,149,661 4,990,632
Office occupancy and operations 1,048,665 927,038
Business development 425,033 393,447
Filing fees, franchise and local taxes 180,570 351,922
Premium and retaliatory taxes 440,523 414,794
Professional and contract labor fees 614,443 400,537
Other 137,587 167,279
Total Operating Expenses 22,096,855 20,469,135
Income before Income Taxes 4,751,418 1,945,139
Provision for Income Taxes 1,365,000 513,000
Net Income 3,386,418 1,432,139
Less: Net Income Attributable to Redeemable Noncontrolling Interests (9,688) 0
Net Income Attributable to the Company $ 3,376,730 $ 1,432,139
Basic Earnings per Common Share $ 1.65 $ 0.68
Weighted Average Shares Outstanding - Basic 2,044,801 2,100,835
Diluted Earnings per Common Share $ 1.62 $ 0.67
Weighted Average Shares Outstanding - Diluted 2,083,999 2,128,788
Cash Dividends Paid per Common Share $ 0.08 $ 0.07