Income Taxes (Tables)

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Components of Deferred Tax Liability

The table below summarizes the significant components of our net deferred tax liability for the periods indicated:

	June 30, 2020			December 31, 2019
Deferred tax assets:	(In thousands)
Unearned premiums	$	8,274		$	12,585
Unearned commission		8,000			8,671
Tax-related discount on loss reserve		2,668			2,716
Stock-based compensation		527			297
Accrued expenses		1,987			757
Leases		334			331
Other		1,908			1,890
Total deferred tax asset		23,698			27,247
Deferred tax liabilities:
Deferred acquisition costs		18,885			17,871
Prepaid expenses		268			153
Unrealized gains		6,090			2,195
Property and equipment		1,176			1,029
Note discount		404			478
Basis in purchased investments		76			100
Basis in purchased intangibles		16,286			16,977
Other		1,470			1,067
Total deferred tax liabilities		44,655			39,870
Net deferred tax liability	$	(20,957	)	$	(12,623	)