XML 22 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Deferred Policy Acquisition Costs
6 Months Ended
Jun. 30, 2018
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs
Deferred policy acquisition costs
The following table presents the amounts of policy acquisition costs deferred and amortized for the three and six months ended June 30, 2018 and 2017:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(in thousands)
Balance, beginning of period
 
$
12,768

 
$
10,501

 
$
11,775

 
$
10,150

Policy acquisition costs deferred:
 
 
 
 
 
 
 
 
Direct commissions
 
10,298

 
8,625

 
19,675

 
16,505

Ceding commissions
 
(2,609
)
 
(2,392
)
 
(5,150
)
 
(4,983
)
Other underwriting and policy acquisition costs
 
694

 
756

 
1,503

 
1,517

Policy acquisition costs deferred
 
8,383

 
6,989

 
16,028

 
13,039

Amortization of net policy acquisition costs
 
(7,028
)
 
(5,912
)
 
(13,680
)
 
(11,611
)
Balance, end of period
 
$
14,123

 
$
11,578

 
$
14,123

 
$
11,578