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Deferred Acquisition Costs (Tables)
6 Months Ended
Jun. 30, 2020
Insurance [Abstract]  
Summary of Movements in Deferred Acquisition Costs

The following table summarizes the movements in deferred acquisition costs for the three and six months ended June 30, 2020 and 2019:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Balance, beginning of period

 

$

2,968,462

 

 

$

4,690,104

 

 

$

2,584,486

 

 

$

3,985,193

 

Amount capitalized during the period

 

 

227,097

 

 

 

933,145

 

 

 

1,920,875

 

 

 

3,760,410

 

Amount amortized during the period

 

 

601,090

 

 

 

1,964,792

 

 

 

1,910,892

 

 

 

4,087,146

 

Balance, end of period

 

$

2,594,469

 

 

$

3,658,457

 

 

$

2,594,469

 

 

$

3,658,457