XML 23 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Underwriting, Acquisition and Insurance Expenses
6 Months Ended
Jun. 30, 2018
Underwriting, Acquisition and Insurance Expenses [Abstract]  
Underwriting, acquisition and insurance expenses
Underwriting, acquisition and insurance expenses
Underwriting, acquisition and insurance expenses for the three and six months ended June 30, 2018 and 2017 consist of the following:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(in thousands)
Underwriting, acquisition and insurance expenses incurred:
 
 
 
 
 
 
 
 
Direct commissions
 
$
8,756

 
$
7,544

 
$
17,135

 
$
14,693

Ceding commissions
 
(2,464
)
 
(2,466
)
 
(4,908
)
 
(4,812
)
Other operating expenses
 
6,227

 
5,414

 
12,690

 
11,905

Total
 
$
12,519

 
$
10,492

 
$
24,917

 
$
21,786


Other operating expenses within underwriting, acquisition and insurance expenses include salaries, bonus and employee benefits expenses of $5.3 million and $4.5 million for the three months ended June 30, 2018 and 2017, respectively. Salaries, bonus and employee benefits expenses were $10.3 million and $9.5 million for the six months ended June 30, 2018 and 2017, respectively.