Deferred Policy Acquisition Costs

6 Months Ended

Jun. 30, 2017

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

6. Deferred Policy Acquisition Costs

Deferred policy acquisition costs (“DPAC”) consist primarily of commissions, premium taxes, assessments and other policy processing fees incurred which are related to successful efforts to acquire new or renewal insurance contracts. Acquisition costs deferred on insurance products are amortized over the period in which the related revenues are earned. Costs associated with unsuccessful efforts or costs that cannot be tied directly to a successful policy acquisition are expensed as incurred.

DPAC as well as the related amortization expense associated with DPAC for the three and six months ended June 30, 2017 and 2016, is as follows:

	Three months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016
Balance, beginning of period, net	$	4,426		$	3,677		$	4,389		$	4,030
Additions		3,709			2,525			6,268			4,162
Amortization		(2,590	)		(2,063	)		(5,112	)		(4,053	)
Balance, June 30, net	$	5,545		$	4,139		$	5,545		$	4,139