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Deferred Policy Acquisition Costs (Tables)
9 Months Ended
Sep. 30, 2023
Insurance [Abstract]  
Summary of Activity in Deferred Policy Acquisition Costs (DPAC)

The Company anticipates that its DPAC will be fully recoverable in the near term. The table below depicts the activity regarding DPAC for the three and nine months ended September 30, 2023 and 2022.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Beginning Balance

 

$

106,736

 

 

$

99,468

 

 

$

99,617

 

 

$

93,881

 

Policy acquisition costs deferred

 

 

42,427

 

 

 

39,194

 

 

 

149,536

 

 

 

139,028

 

Amortization

 

 

(45,064

)

 

 

(38,013

)

 

 

(145,054

)

 

 

(132,260

)

Ending Balance

 

$

104,098

 

 

$

100,649

 

 

$

104,098

 

 

$

100,649