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Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Investments in securities:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2013: $82,077,868; 2012: $75,573,673) $ 86,100,498 $ 81,936,978
Equity securities, available-for-sale, at fair value (cost: 2013: $22,307,440; 2012: $21,229,114) 33,460,972 28,510,933
Short-term investments 15,388,647 13,567,648
Other investments 7,311,949 6,763,100
Total investments 142,262,066 130,778,659
Cash and cash equivalents 22,868,393 20,810,018
Premium and fees receivable (less allowance for doubtful accounts: 2013: $2,021,793; 2012: $1,902,581) 9,758,749 11,037,714
Accrued interest and dividends 1,041,472 1,037,447
Prepaid expenses and other assets 7,314,187 4,651,115
Property, net 4,204,506 3,603,323
Current income taxes recoverable 1,708,257 0
Total Assets 189,157,630 171,918,276
Liabilities:    
Reserves for claims 34,816,000 39,078,000
Accounts payable and accrued liabilities 21,331,255 15,477,545
Current income taxes payable 0 1,336,824
Deferred income taxes, net 5,259,773 893,156
Total liabilities 61,407,028 56,785,525
Commitments and Contingencies 0 0
Redeemable Noncontrolling Interest 512,749 493,861
Stockholders' Equity:    
Preferred stock (1,000,000 authorized shares; no shares issued) 0 0
Common stock - no par value (10,000,000 authorized shares; 2,066,922 and 2,043,359 shares issued and outstanding 2013 and 2012, respectively, excluding 291,676 shares for 2013 and 2012 of common stock held by the Company’s subsidiary) 1 1
Retained earnings 117,418,431 105,820,459
Accumulated other comprehensive income 9,819,421 8,818,430
Total stockholders' equity 127,237,853 114,638,890
Total Liabilities and Stockholders' Equity $ 189,157,630 $ 171,918,276