v3.26.1
Deferred Policy Acquisition Costs
6 Months Ended
Jun. 30, 2026
Deferred Policy Acquisition Costs [Abstract]  
Deferred Policy Acquisition Costs
6. Deferred Policy Acquisition Costs

 

Expenses directly related to successfully acquired insurance policies, primarily commissions, premium taxes and underwriting costs, are deferred and amortized over the terms of the policies. We update our acquisition cost assumptions periodically to reflect actual experience, and we evaluate the costs for recoverability. The table below shows the deferred policy acquisition costs and asset reconciliation:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2026     2025     2026     2025  
Balance, beginning of period   $ 19,110     $ 23,813     $ 19,209     $ 26,300  
Deferral of policy acquisition costs     15,021       18,881       26,808       32,922  
Amortization of deferred policy acquisition costs     (12,236 )     (16,374 )     (24,122 )     (32,902 )
Balance, end of period   $ 21,895     $ 26,320     $ 21,895     $ 26,320