Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2023

Insurance [Abstract]

Schedule of Major Categories of the Deferred Policy Acquisition Costs

Major categories of the Company’s deferred policy acquisition costs are summarized as follows:

	December 31,
	2023		2022
	(in thousands)
Agents’ commissions	$	12,955	$	12,578
Premium taxes		2,672		2,587
Deferred underwriting expenses		2,348		2,236
Total deferred policy acquisition costs	$	17,975	$	17,401

Schedule of the Activity in the Deferred Policy Acquisition Costs

The following summarizes the activity in the deferred policy acquisition costs:

	Year Ended December 31,
	2023			2022			2021
	(in thousands)
Balance, beginning of year	$	17,401		$	17,059		$	17,810
Policy acquisition costs deferred		41,433			40,194			37,730
Amortization expense during the year		(40,859	)		(39,852	)		(38,481	)
Balance, end of year	$	17,975		$	17,401		$	17,059