v3.26.1
Consolidated Statements of Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Net premiums earned $ 222,574,233 $ 231,774,594 $ 443,931,675 $ 464,476,483
Investment income, net of investment expenses 14,490,823 12,540,362 28,777,888 24,523,936
Net investment gains 3,267,408 1,543,721 2,788,184 1,072,860
Lease income 74,095 76,281 148,313 153,108
Installment payment fees 712,494 844,315 1,469,227 1,726,510
Other income, net 0 368,744    
Total revenues 241,119,053 247,148,017 477,115,287 491,952,897
Expenses:        
Net losses and loss expenses 132,555,779 150,917,125 274,555,373 282,950,272
Amortization of deferred policy acquisition costs 36,123,000 39,501,000 72,420,000 78,732,000
Other underwriting expenses 43,562,039 35,149,888 85,576,531 76,344,882
Policyholder dividends 560,147 818,942 1,211,854 1,578,331
Interest 336,725 336,705 669,750 669,750
Other expenses, net 433,332 0 1,010,785 92,356
Total expenses 213,571,022 226,723,660 435,444,293 440,367,591
Income before income tax expense 27,548,031 20,424,357 41,670,994 51,585,306
Income tax expense 5,242,282 3,558,237 7,854,641 9,514,012
Net income $ 22,305,749 $ 16,866,120 $ 33,816,353 $ 42,071,294
Class A Common Stock [Member]        
Net income per share:        
Basic (in Dollars per share) $ 0.61 $ 0.47 $ 0.93 $ 1.19
Diluted (in Dollars per share) 0.6 0.46 0.91 1.17
Class B Common Stock [Member]        
Net income per share:        
Basic (in Dollars per share) 0.55 0.43 0.84 1.08
Diluted (in Dollars per share) $ 0.55 $ 0.43 $ 0.84 $ 1.08