| Schedule of deferred policy acquisition costs |
The tables below show the activity regarding deferred policy acquisition costs (“DPAC”) for the three months ended March 31, 2025 and 2024. The ending DPAC balance is included in Other Liabilities in the Condensed Consolidated Balance Sheet.
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Three Months Ended March 31, 2025 |
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DPAC, excluding
unearned ceding
commission |
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Unearned ceding
commission |
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DPAC, beginning of period |
|
$ |
38,803 |
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|
$ |
(70,734 |
) |
|
$ |
(31,931 |
) |
Policy acquisition costs deferred during the period: |
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Producer commissions |
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|
18,086 |
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18,086 |
|
Premium taxes |
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|
2,664 |
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2,664 |
|
Other acquisition costs |
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2,490 |
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2,490 |
|
Ceding commissions |
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(38,218 |
) |
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(38,218 |
) |
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Total policy acquisition costs |
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23,240 |
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|
(38,218 |
) |
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|
(14,978 |
) |
Amortization |
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|
(18,593 |
) |
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|
38,666 |
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|
20,073 |
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DPAC, end of period |
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$ |
43,450 |
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$ |
(70,286 |
) |
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$ |
(26,836 |
) |
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Three Months Ended March 31, 2024 |
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DPAC, excluding
unearned ceding
commission |
|
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Unearned ceding
commission |
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|
|
DPAC, beginning of period |
|
$ |
43,080 |
|
|
$ |
(48,217 |
) |
|
$ |
(5,137 |
) |
Policy acquisition costs deferred during the period: |
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Producer commissions |
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15,839 |
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15,839 |
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Premium taxes |
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|
1,513 |
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1,513 |
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Other acquisition costs |
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|
1,936 |
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|
1,936 |
|
Ceding commissions |
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(24,872 |
) |
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(24,872 |
) |
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Total policy acquisition costs |
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19,288 |
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(24,872 |
) |
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(5,585 |
) |
Amortization |
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(22,449 |
) |
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|
25,494 |
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|
3,044 |
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DPAC, end of period |
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$ |
39,919 |
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$ |
(47,595 |
) |
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$ |
(7,678 |
) |
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