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Deferred Policy Acquisition Costs (Tables)
12 Months Ended
Dec. 31, 2016
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,

 

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Agents’ commissions

 

$

15,286

 

 

$

15,997

 

Premium taxes

 

 

2,578

 

 

 

3,121

 

Deferred underwriting expenses

 

 

1,436

 

 

 

1,294

 

Total deferred policy acquisition costs

 

$

19,300

 

 

$

20,412

 

 

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,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(in thousands)

 

Balance, beginning of year

 

$

20,412

 

 

$

19,649

 

 

$

19,171

 

Policy acquisition costs deferred

 

 

43,209

 

 

 

45,604

 

 

 

44,295

 

Amortization expense during the year

 

 

(44,321

)

 

 

(44,841

)

 

 

(43,817

)

Balance, end of year

 

$

19,300

 

 

$

20,412

 

 

$

19,649