Deferred Policy Acquisition Costs, Net

12 Months Ended

Dec. 31, 2021

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs, Net

Deferred Policy Acquisition Costs, Net

Deferred policy acquisition costs, net ("DPAC") consists of the following (in thousands):

	December 31, 2021		December 31, 2020
Deferred policy acquisition costs	$	11,533	$	10,511
Deferred ceding commission [1]	(114)		(1,202)
Accumulated amortization	(9,986)		(8,653)
Deferred policy acquisition costs, net	$	1,433	$	656

[1] As of June 30, 2021, the Company had commuted all of its reinsurance agreements. Balance from this period onward represents deferred commissions from the Company's relationship with NGI. See Note 1, Basis of Presentation and Significant Accounting Policies for more detail regarding NGI.

For the years ended December 31, 2021 and 2020 , total amortization expense was approximately $1.3 million and $1.5 million, respectively. During all periods presented the amortization expense was included as part of sales, marketing and other acquisition costs in the Company’s consolidated statements of operations.