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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Deferred Acquisition Costs The following table is a summary of the components of DAC that are reported in the accompanying Consolidated Financial Statements.
Continuing Operations - Property and Casualty Insurance
2018
 
2017
 
2016
Recorded asset at beginning of year
$
88,102

 
$
93,362

 
$
90,547

Underwriting costs deferred
210,926

 
202,486

 
205,707

Amortization of deferred policy acquisition costs
(206,232
)
 
(207,746
)
 
(202,892
)
Recorded asset at end of year
$
92,796

 
$
88,102

 
$
93,362

 
 
 
 
 
 
Discontinued Operations - Life Insurance
 
 
 
 
 
Recorded asset at beginning of year
$
71,151

 
$
70,750

 
$
77,717

Underwriting costs deferred
1,376

 
5,463

 
5,564

Amortization of deferred policy acquisition costs
(1,895
)
 
(5,181
)
 
(8,121
)
 
$
70,632

 
$
71,032

 
$
75,160

Change in "shadow" deferred policy acquisition costs
7,274

 
119

 
(4,410
)
Sale of discontinued operations
(77,906
)
 

 

Recorded asset at end of year
$

 
$
71,151

 
$
70,750

 
 
 
 
 
 
Total
 
 
 
 
 
Recorded asset at beginning of year
$
159,253

 
$
164,112

 
$
168,264

Underwriting costs deferred
212,302

 
207,949

 
211,271

Amortization of deferred policy acquisition costs
(208,127
)
 
(212,927
)
 
(211,013
)
 
$
163,428

 
$
159,134

 
$
168,522

Change in "shadow" deferred policy acquisition costs
7,274

 
119

 
(4,410
)
Sale of discontinued operations
(77,906
)
 

 

Recorded asset at end of year
$
92,796

 
$
159,253

 
$
164,112

Schedule of Property and Equipment The following table is a summary of the components of the property and equipment that are reported in the accompanying Consolidated Financial Statements.
 
2018
2017
Real estate:
 
 
Land
$
8,396

$
8,396

Buildings
69,214

48,677

Furniture and fixtures
5,733

4,645

Computer equipment and software
13,851

7,274

Airplane


Total property and equipment
$
97,194

$
68,992

Depreciation is computed primarily by the straight-line method over the following estimated useful lives:
 
Useful Life
Computer equipment and software
Three years
Furniture and fixtures
Seven years
Leasehold improvements
Shorter of the lease term or useful life of the asset
Real estate
Seven to thirty-nine years
Airplane
Five years