Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of 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.

Property and Casualty Insurance	2023		2022		2021
Recorded asset at beginning of year	$	104,225	$	91,446	$	87,094
Underwriting costs deferred	267,298		225,854		207,784
Amortization of deferred policy acquisition costs	(244,991)		(213,075)		(203,432)
Recorded asset at end of year	$	126,532	$	104,225	$	91,446

Summary 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.

	2023		2022
Real estate:
Land	$	78,683	$	80,346
Buildings	1,203		1,202
Furniture and fixtures	4,451		4,818
Internally developed software	48,787		44,303
Other computer equipment and software	1,123		2,444
Total property and equipment	$	134,247	$	133,113

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
Internally developed software	Ten years
Leasehold improvements	Shorter of the lease term or useful life of the asset
Real estate	Seven years to thirty-nine years

Summary of Rollforward of Credit Loss Allowance for Reinsurance Receivable

Rollforward of Credit Loss Allowance for Reinsurance Receivable
	As of
	December 31, 2023
Beginning balance, January 1, 2023	$	82
Current-period provision for expected credit losses	15
Ending balance of the allowance for reinsurance receivable, December 31, 2023	$	97