Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2022

Insurance [Abstract]

Schedule of Major Categories of the Deferred Policy Acquisition Costs

Major categories of the Company’s deferred policy acquisition costs are summarized as follows:

	December 31,
	2022		2021
	(in thousands)
Agents’ commissions	$	12,578	$	12,527
Premium taxes		2,587		2,696
Deferred underwriting expenses		2,236		1,836
Total deferred policy acquisition costs	$	17,401	$	17,059

Schedule of the Activity in the Deferred Policy Acquisition Costs

The following summarizes the activity in the deferred policy acquisition costs:

	Year Ended December 31,
	2022			2021			2020
	(in thousands)
Balance, beginning of year	$	17,059		$	17,810		$	19,048
Policy acquisition costs deferred		40,194			37,730			40,345
Amortization expense during the year		(39,852	)		(38,481	)		(41,583	)
Balance, end of year	$	17,401		$	17,059		$	17,810