SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

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	2020		2019		2018
Recorded asset at beginning of year	$	94,292	$	92,796	$	88,102
Underwriting costs deferred	203,054		218,195		210,926
Amortization of deferred policy acquisition costs	(210,252)		(216,699)		(206,232)
Recorded asset at end of year	$	87,094	$	94,292	$	92,796
Discontinued Operations - Life Insurance
Recorded asset at beginning of year	$	—	$	—	$	71,151
Underwriting costs deferred	—		—		1,376
Amortization of deferred policy acquisition costs	—		—		(1,895)
	$	—	$	—	$	70,632
Change in "shadow" deferred policy acquisition costs	—		—		7,274
Sale of discontinued operations	—		—		(77,906)
Recorded asset at end of year	$	—	$	—	$	—
Total
Recorded asset at beginning of year	$	94,292	$	92,796	$	159,253
Underwriting costs deferred	203,054		218,195		212,302
Amortization of deferred policy acquisition costs	(210,252)		(216,699)		(208,127)
	$	87,094	$	94,292	$	163,428
Change in "shadow" deferred policy acquisition costs	—		—		7,274
Sale of discontinued operations	—		—		(77,906)
Recorded asset at end of year	$	87,094	$	94,292	$	92,796

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.

	2020		2019
Real estate:
Land	$	2,974	$	2,982
Buildings	85,776		83,360
Furniture and fixtures	6,058		7,253
Computer equipment and software	35,066		23,394
Airplane	—		—
Total property and equipment	$	129,874	$	116,989

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 years to thirty-nine years
Airplane	Five years

Schedule of Rollforward of Credit Loss Allowance for Reinsurance Receivable

As of December 31, 2020, the Company had a credit loss allowance for reinsurance receivables of $190.

Rollforward of Credit Loss Allowance for Reinsurance Receivable
	As of
	December 31, 2020
Beginning balance, January 1, 2020	$	38
Current-period provision for expected credit losses	152
Write-off charged against the allowance, if any	—
Recoveries of amounts previously written off, if any	—
Ending balance of the allowance for reinsurance receivable, December 31, 2020	$	190