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Deferred Policy Acquisition Costs (Tables)
6 Months Ended
Jun. 30, 2019
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, 2019 and 2018:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
(in thousands)
Balance, beginning of period
 
$
16,314

 
$
12,768

 
$
14,801

 
$
11,775

Policy acquisition costs deferred:
 
 
 
 
 
 
 
 
Direct commissions
 
13,880

 
10,298

 
26,243

 
19,675

Ceding commissions
 
(3,258
)
 
(2,609
)
 
(6,514
)
 
(5,150
)
Other underwriting and policy acquisition costs
 
849

 
694

 
1,814

 
1,503

Policy acquisition costs deferred
 
11,471

 
8,383

 
21,543

 
16,028

Amortization of net policy acquisition costs
 
(9,133
)
 
(7,028
)
 
(17,692
)
 
(13,680
)
Balance, end of period
 
$
18,652

 
$
14,123

 
$
18,652

 
$
14,123