Deferred Policy Acquisition Costs

3 Months Ended

Mar. 31, 2025

Deferred Policy Acquisition Costs [Abstract]

Deferred Policy Acquisition Costs

6. Deferred Policy Acquisition Costs

Expenses directly related to successfully acquired insurance policies, primarily commissions, premium taxes and underwriting costs, are deferred and amortized over the terms of the policies. We update our acquisition cost assumptions periodically to reflect actual experience, and we evaluate the costs for recoverability. The table below, presented on a consolidated basis, including both continuing and discontinued operations, shows the deferred policy acquisition costs and asset reconciliation:

	Three Months Ended March 31,
	2025			2024
Balance, beginning of period	$	26,300		$	34,120
Deferral of policy acquisition costs		14,041			23,108
Amortization of deferred policy acquisition costs		(16,528	)		(20,663	)
Balance, end of period	$	23,813		$	36,565

The tables for the current and comparable prior year quarter continuing and discontinued operations showing the deferred policy acquisition costs and assets reconciliation are shown below:

	Three Months Ended March 31,
	2025			2024
Continuing operations:
Balance, beginning of period	$	26,300		$	26,790
Deferral of policy acquisition costs		14,041			18,975
Amortization of deferred policy acquisition costs		(16,528	)		(16,817	)
Balance, end of period	$	23,813		$	28,948

	Three Months Ended March 31,
	2025		2024
Discontinued operations:
Balance, beginning of period	$	—	$	7,330
Deferral of policy acquisition costs		—		4,133
Amortization of deferred policy acquisition costs		—		(3,846	)
Balance, end of period	$	—	$	7,617