SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

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	2019			2018			2017
Recorded asset at beginning of year	$	92,796		$	88,102		$	93,362
Underwriting costs deferred	218,195			210,926			202,486
Amortization of deferred policy acquisition costs	(216,699		)	(206,232		)	(207,746		)
Recorded asset at end of year	$	94,292		$	92,796		$	88,102
Discontinued Operations - Life Insurance
Recorded asset at beginning of year	$	—		$	71,151		$	70,750
Underwriting costs deferred	—			1,376			5,463
Amortization of deferred policy acquisition costs	—			(1,895		)	(5,181		)
	$	—		$	70,632		$	71,032
Change in "shadow" deferred policy acquisition costs	—			7,274			119
Sale of discontinued operations	—			(77,906		)	—
Recorded asset at end of year	$	—		$	—		$	71,151
Total
Recorded asset at beginning of year	$	92,796		$	159,253		$	164,112
Underwriting costs deferred	218,195			212,302			207,949
Amortization of deferred policy acquisition costs	(216,699		)	(208,127		)	(212,927		)
	$	94,292		$	163,428		$	159,134
Change in "shadow" deferred policy acquisition costs	—			7,274			119
Sale of discontinued operations	—			(77,906		)	—
Recorded asset at end of year	$	94,292		$	92,796		$	159,253

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.

	2019		2018
Real estate:
Land	$	2,982	$	8,396
Buildings	83,360		69,214
Furniture and fixtures	7,253		5,733
Computer equipment and software	23,394		13,851
Airplane	—		—
Total property and equipment	$	116,989	$	97,194

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