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Consolidated Statements Of Income - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Net premiums written $ 21,508,997 $ 24,962,041
Investment income – interest and dividends 1,151,011 1,178,039
Net realized gain on investments 149,830 14,803
Other 2,052,184 2,146,926
Total Revenues 24,862,022 28,301,809
Operating Expenses:    
Commissions to agents 11,532,882 14,596,539
Provision for claims 15,959 786,612
Salaries, employee benefits and payroll taxes 7,471,951 7,277,449
Office occupancy and operations 1,493,860 1,304,221
Business development 480,390 486,975
Filing fees, franchise and local taxes 230,054 216,643
Premium and retaliatory taxes 311,831 476,591
Professional and contract labor fees 538,653 584,107
Other 202,981 203,548
Total Operating Expenses 22,278,561 25,932,685
Income before Income Taxes 2,583,461 2,369,124
Provision for Income Taxes 779,000 643,000
Net Income 1,804,461 1,726,124
Net Loss Attributable to Noncontrolling Interests (9,579) 0
Net Income Attributable to the Company $ 1,814,040 $ 1,726,124
Basic Earnings per Common Share $ 0.94 $ 0.86
Weighted Average Shares Outstanding – Basic 1,934,318 2,012,738
Diluted Earnings per Common Share $ 0.93 $ 0.86
Weighted Average Shares Outstanding – Diluted 1,940,963 2,018,504
Cash Dividends Paid per Common Share $ 0.16 $ 0.08