Deferred Policy Acquisition Costs, Net

3 Months Ended

Mar. 31, 2022

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):

	March 31, 2022		December 31, 2021
	(unaudited)
Deferred policy acquisition costs	$	11,655	$	11,533
Deferred ceding commission	(181)		(114)
Accumulated amortization	(10,270)		(9,986)
Deferred policy acquisition costs, net	$	1,204	$	1,433

For the three months ended March 31, 2022 and 2021 (unaudited), total amortization expense was approximately $0.3 million and $0.4 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.