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Consolidated Statements Of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income $ 16,066,818 $ 14,463,675
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,054,830 994,619
Amortization of investments, net 572,781 624,882
Amortization related to postretirement benefits obligation 6,459 6,705
Amortization of other intangible assets, net 707,696 0
Share-based compensation expense related to stock appreciation rights 156,987 99,755
Excess tax benefits related to exercise of stock appreciation rights 142,280 32,292
Net gain on disposals of property (15,828) (10,677)
Net realized gain on investments (990,118) (574,328)
Net earnings from other investments (1,251,871) (1,120,640)
Provision (benefit) for claims 2,714,717 (403,982)
Provision for deferred income taxes 1,923,000 4,040,000
Changes in assets and liabilities:    
Increase in receivables (1,606,006) (965,873)
(Increase) decrease in other assets (43,707) 1,265,172
Increase in current income taxes recoverable (1,641,144) (1,261,289)
Increase (decrease) in accounts payable and accrued liabilities 5,253,825 (337,935)
Decrease in current income taxes payable (1,374,712) (210,355)
Payments of claims, net of recoveries (2,812,717) (1,848,018)
Net cash provided by operating activities 18,863,290 14,794,003
Investing Activities    
Purchases of available-for-sale securities (12,953,436) (15,066,182)
Purchases of short-term investments (15,667,715) (1,890,826)
Purchases of other investments (1,223,853) (1,974,275)
Payments to Acquire Additional Interest in Subsidiaries 0 (9,142)
Payments to Acquire Businesses, Gross (175,000) 0
Proceeds from sales and maturities of available-for-sale securities 14,585,324 10,711,195
Proceeds from sales and maturities of short-term investments 1,535,773 4,830,935
Proceeds from sales and distributions of other investments 2,142,854 2,594,042
Proceeds from sales of other assets 13,230 10,647
Purchases of property (2,342,583) (1,742,225)
Proceeds from the sale of property 27,200 64,155
Net cash used in investing activities (14,058,206) (2,471,676)
Financing Activities    
Repurchases of common stock (49,604) (6,219,670)
Exercise of stock appreciation rights (737) (200)
Dividends paid (1,792,430) (993,534)
Net cash used in financing activities (1,842,771) (7,213,404)
Net Increase in Cash and Cash Equivalents 2,962,313 5,108,923
Cash and Cash Equivalents, Beginning of Period 27,928,472 21,790,068
Cash and Cash Equivalents, End of Period 30,890,785 26,898,991
Cash Paid During the Year for:    
Income tax payments, net 9,236,200 3,736,100
Non cash net unrealized gain on investments, net of deferred tax provision of $(1,353,729) and $(1,004,593) for September 30, 2017 and 2016, respectively $ (2,609,982) $ (1,962,117)