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Deferred Policy Acquisition Costs (Tables)
6 Months Ended
Jun. 30, 2018
Deferred Policy Acquisition Costs Disclosures [Abstract]  
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