The following tables roll forward the deferred policy acquisition costs ("DAC") and cost of insurance acquired ("COIA") balances for the six months ended June 30, 2026 and 2025 by reporting cohort. Our reporting cohorts are Permanent, which summarizes insurance policies with premiums payable over the lifetime of the policy, and

Permanent Limited Pay, which summarizes insurance policies with premiums payable for a limited time after which the policy is fully paid up. Both reporting cohorts include whole life and endowment policies.



Six Months Ended June 30, 2026 (In thousands)	Permanent		Permanent Limited Pay	Other Business	Total
International Insurance:
Balance, beginning of year	$	113,915	18,585	538	133,038
Capitalizations	7,611		978	108	8,697
Amortization expense	(6,367)		(624)	(109)	(7,100)

Balance, end of period	115,159		18,939	537	134,635

Domestic Insurance:
Balance, beginning of year	74,622		11,683	1,194	87,499
Capitalizations	9,389		469	106	9,964
Amortization expense	(2,583)		(223)	(94)	(2,900)

Balance, end of period	81,428		11,929	1,206	94,563

Consolidated:
Balance, beginning of year	188,537		30,268	1,732	220,537
Capitalizations	17,000		1,447	214	18,661
Amortization expense	(8,950)		(847)	(203)	(10,000)

Balance, end of period	$	196,587	30,868	1,743	229,198



Six Months Ended June 30, 2025 (In thousands)	Permanent		Permanent Limited Pay	Other Business	Total
International Insurance:
Balance, beginning of year	$	108,742	16,370	572	125,684
Capitalizations	8,064		1,534	149	9,747
Amortization expense	(6,212)		(561)	(155)	(6,928)

Balance, end of period	110,594		17,343	566	128,503

Domestic Insurance:
Balance, beginning of year	61,639		11,169	1,143	73,951
Capitalizations	8,274		442	106	8,822
Amortization expense	(2,064)		(213)	(55)	(2,332)

Balance, end of period	67,849		11,398	1,194	80,441

Consolidated:
Balance, beginning of year	170,381		27,539	1,715	199,635
Capitalizations	16,338		1,976	255	18,569
Amortization expense	(8,276)		(774)	(210)	(9,260)

Balance, end of period	$	178,443	28,741	1,760	208,944

The Domestic Insurance segment is the only segment that recognizes COIA; therefore, the balances for the six months ended June 30, 2026 and 2025 on a consolidated basis by reporting cohort are shown below.


(In thousands)	Permanent		Permanent Limited Pay	Other Business	Total












Six Months Ended June 30, 2026
Balance, beginning of year	$	7,036	764	1,195	8,995
Amortization expense	(186)		(20)	(125)	(331)

Balance, end of period	$	6,850	744	1,070	8,664

Six Months Ended June 30, 2025
Balance, beginning of year	$	7,424	809	1,213	9,446
Amortization expense	(199)		(25)	47	(177)

Balance, end of period	$	7,225	784	1,260	9,269