Deferred Policy Acquisition Costs (Tables)

9 Months Ended

Sep. 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 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