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Deferred Policy Acquisition Costs
9 Months Ended
Sep. 30, 2019
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, 2019 and 2018:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
(in thousands)
Balance, beginning of period
 
$
18,652

 
$
14,123

 
$
14,801

 
$
11,775

Policy acquisition costs deferred:
 
 
 
 
 
 
 
 
Direct commissions
 
14,358

 
10,232

 
40,601

 
29,907

Ceding commissions
 
(2,824
)
 
(3,123
)
 
(9,338
)
 
(8,273
)
Other underwriting and policy acquisition costs
 
989

 
781

 
2,803

 
2,284

Policy acquisition costs deferred
 
12,523

 
7,890

 
34,066

 
23,918

Amortization of net policy acquisition costs
 
(10,115
)
 
(7,528
)
 
(27,807
)
 
(21,208
)
Balance, end of period
 
$
21,060

 
$
14,485

 
$
21,060

 
$
14,485