Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2019

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

Deferred Policy Acquisition Costs

​An analysis of deferred policy acquisition costs is as follows:

	Year Ended December 31,
	2019			2018			2017
	(in thousands)
Balance at beginning of period	$	54,450		$	72,365		$	64,789
Policy acquisition costs deferred:
Commissions	67,303			72,473			107,387
Underwriting and other issue expenses	24,146			20,715			16,190
	91,449			93,188			123,577
Amortization of policy acquisition costs	(83,893		)	(111,103		)	(116,001		)
Net change	7,556			(17,915		)	7,576
Balance at end of period	$	62,006		$	54,450		$	72,365