Deferred Acquisition Costs

12 Months Ended

Dec. 31, 2023

Insurance [Abstract]

Deferred Acquisition Costs

Deferred Acquisition Costs

Deferred acquisition costs consist primarily of commissions and premium taxes incurred that are directly related to the successful acquisition of insurance policies written on a direct basis. The amortization of deferred acquisition costs is included in other insurance expense in the consolidated statements of operations and comprehensive loss. The following table presents the policy acquisition costs deferred and amortized ($ in millions):

	December 31,
	2023		2022
Deferred Acquisition Costs:
Balance, January 1	$	6.9	$	6.2
Add:
Premium taxes	16.1		14.1
Direct commissions	7.6		3.6
Less:
Amortization of net deferred acquisition costs	(21.8)		(17.0)
Balance, December 31	$	8.8	$	6.9
Other Insurance Expense:
Amortization of net deferred acquisition costs	$	21.8	$	17.0
Period costs	37.4		27.0
Total other insurance expense	$	59.2	$	44.0