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Deferred Policy Acquisition Costs
9 Months Ended
Sep. 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 nine months ended September 30, 2018 and 2017:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(in thousands)
Balance, beginning of period
 
$
14,123

 
$
11,578

 
$
11,775

 
$
10,150

Policy acquisition costs deferred:
 
 
 
 
 
 
 
 
Direct commissions
 
10,232

 
8,024

 
29,907

 
24,529

Ceding commissions
 
(3,123
)
 
(2,519
)
 
(8,273
)
 
(7,502
)
Other underwriting and policy acquisition costs
 
781

 
713

 
2,284

 
2,230

Policy acquisition costs deferred
 
7,890

 
6,218

 
23,918

 
19,257

Amortization of net policy acquisition costs
 
(7,528
)
 
(6,071
)
 
(21,208
)
 
(17,682
)
Balance, end of period
 
$
14,485

 
$
11,725

 
$
14,485

 
$
11,725