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Deferred Policy Acquisition Costs (Tables)
12 Months Ended
Dec. 31, 2018
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,

 

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Agents’ commissions

 

$

14,953

 

 

$

15,238

 

Premium taxes

 

 

3,161

 

 

 

3,395

 

Deferred underwriting expenses

 

 

1,620

 

 

 

1,618

 

Total deferred policy acquisition costs

 

$

19,734

 

 

$

20,251

 

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,

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Balance, beginning of year

 

$

20,251

 

 

$

19,300

 

 

$

20,412

 

Policy acquisition costs deferred

 

 

45,252

 

 

 

43,960

 

 

 

43,209

 

Amortization expense during the year

 

 

(45,769

)

 

 

(43,009

)

 

 

(44,321

)

Balance, end of year

 

$

19,734

 

 

$

20,251

 

 

$

19,300