v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Fixed maturities    
Held to maturity, at amortized cost (fair value $754,765,403 and $731,659,323; net of allowance for expected credit losses of $1,306,225 and $1,312,903) $ 803,294,965 $ 776,447,347
Available for sale, at fair value (amortized cost $650,458,942 and $650,370,011) 636,519,616 640,722,775
Equity securities, at fair value 48,879,905 44,370,358
Short-term investments, available for sale 26,530,086 38,712,341
Total investments 1,515,224,572 1,500,252,821
Cash 23,722,355 26,785,845
Accrued investment income 11,426,010 10,914,235
Premiums receivable 217,819,143 180,803,918
Reinsurance receivable (net of allowance for expected credit losses of $390,961 and $374,883) 413,118,569 398,582,136
Deferred policy acquisition costs 71,900,055 68,669,982
Deferred tax asset, net 14,075,860 13,287,301
Prepaid reinsurance premiums 197,964,480 171,083,219
Property and equipment, net 1,140,681 2,329,491
Federal income taxes recoverable 2,692,615 4,028,034
Due from affiliate 5,293,434 3,299,188
Goodwill 5,625,354 5,625,354
Other intangible assets 958,010 958,010
Other 1,124,719 9,918
Total assets 2,482,085,857 2,386,629,452
Liabilities    
Losses and loss expenses 1,129,134,908 1,100,049,937
Unearned premiums 639,691,636 591,040,451
Accrued expenses 2,082,482 2,220,800
Reinsurance balances payable 1,958,420 3,484,130
Borrowings 35,000,000 35,000,000
Cash dividends declared to stockholders 0 6,647,482
Other 8,109,834 7,768,573
Total liabilities 1,815,977,280 1,746,211,373
Stockholders’ Equity    
Preferred stock, $.01 par value, authorized 2,000,000 shares; none issued 0 0
Additional paid-in capital 394,280,322 391,811,397
Accumulated other comprehensive loss (11,616,681) (8,295,743)
Retained earnings 324,270,012 297,728,438
Treasury stock, at cost (41,226,357) (41,226,357)
Total stockholders’ equity 666,108,577 640,418,079
Total liabilities and stockholders’ equity 2,482,085,857 2,386,629,452
Class A Common Stock [Member]    
Stockholders’ Equity    
Common stock 344,789 343,852
Class B Common Stock [Member]    
Stockholders’ Equity    
Common stock $ 56,492 $ 56,492