v3.25.4
Consolidated Statements of Income and Comprehensive Income - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Net premiums earned (includes affiliated reinsurance of $244,601,249, $239,521,005 and $237,903,029 - see note 3) $ 921,183,575 $ 936,651,480 $ 882,071,386
Investment income, net of investment expenses 52,626,715 44,918,162 40,853,215
Installment payment fees 3,282,581 2,740,505 894,137
Lease income 302,109 313,831 346,439
Net investment gains (includes ($5,224,178), ($174,302) and ($2,242,190) accumulated other comprehensive income reclassification) 619,342 4,981,072 3,172,807
Total revenues 978,014,322 989,605,050 927,337,984
Expenses      
Net losses and loss expenses (includes affiliated reinsurance of $140,294,717, $136,662,558 and $150,198,479 - see note 3) 564,332,256 604,117,716 609,177,699
Amortization of deferred policy acquisition costs 152,783,000 160,311,000 154,214,000
Other underwriting expenses 158,384,631 155,253,685 151,747,579
Policyholder dividends 3,010,917 4,073,481 5,313,430
Interest 1,350,601 946,020 619,813
Other, net 559,940 2,564,216 1,201,987
Total expenses 880,421,345 927,266,118 922,274,508
Income before income tax expense 97,592,977 62,338,932 5,063,476
Income tax expense (includes $1,097,077, $36,603 and $470,860 income tax benefit from reclassification items) 18,252,237 11,476,680 637,972
Net income 79,340,740 50,862,252 4,425,504
Statements of Comprehensive Income      
Net income 79,340,740 50,862,252 4,425,504
Unrealized gain on securities:      
Unrealized holding gain arising during the period, net of income tax expense of $4,196,548, $1,207,804 and $1,285,390 15,777,637 4,543,642 4,246,693
Reclassification adjustment for losses included in net income, net of income tax benefit of $1,097,077, $36,603 and $470,860 4,127,101 137,699 1,771,330
Other comprehensive income 19,904,738 4,681,341 6,018,023
Comprehensive income $ 99,245,478 $ 55,543,593 $ 10,443,527
Class A Common Stock [Member]      
Basic earnings per common share:      
Basic (in Dollars per share) $ 2.22 $ 1.53 $ 0.14
Diluted earnings per common share:      
Diluted (in Dollars per share) 2.18 1.53 0.14
Class B Common Stock [Member]      
Basic earnings per common share:      
Basic (in Dollars per share) 2.01 1.38 0.11
Diluted earnings per common share:      
Diluted (in Dollars per share) $ 2.01 $ 1.38 $ 0.11