Deferred Policy Acquisition Costs and Cost of Insurance Acquired (Tables)

9 Months Ended

Sep. 30, 2024

Insurance [Abstract]

Deferred Policy Acquisition Costs

The following tables roll forward the DAC and COIA balances for the nine months ended September 30, 2024 and 2023 by reporting cohort. Our reporting cohorts are Permanent, which summarizes insurance policies with premiums payable over the lifetime of the policy, and Permanent Limited Pay, which summarizes insurance policies

with premiums payable for a limited time after which the policy is fully paid up. Both reporting cohorts include whole life and endowment policies.

Nine Months Ended September 30, 2024 (In thousands)	Permanent		Permanent Limited Pay	Other Business	Total
Life Insurance:
Balance, beginning of year	$	105,552	14,075	1,213	120,840
Capitalizations	21,792		2,220	250	24,262
Amortization expense	(9,763)		(740)	(278)	(10,781)
Balance, end of period	117,581		15,555	1,185	134,321
Home Service Insurance:
Balance, beginning of year	43,280		10,564	1,084	54,928
Capitalizations	3,973		892	177	5,042
Amortization expense	(1,698)		(323)	(2)	(2,023)
Balance, end of period	45,555		11,133	1,259	57,947
Consolidated:
Balance, beginning of year	148,832		24,639	2,297	175,768
Capitalizations	25,765		3,112	427	29,304
Amortization expense	(11,461)		(1,063)	(280)	(12,804)
Balance, end of period	$	163,136	26,688	2,444	192,268

Nine Months Ended September 30, 2023 (In thousands)	Permanent		Permanent Limited Pay	Other Business	Total
Life Insurance:
Balance, beginning of year	$	100,926	11,542	1,016	113,484
Capitalizations	11,220		2,385	353	13,958
Amortization expense	(8,859)		(586)	(197)	(9,642)
Balance, end of period	103,287		13,341	1,172	117,800
Home Service Insurance:
Balance, beginning of year	38,793		9,729	921	49,443
Capitalizations	5,026		865	185	6,076
Amortization expense	(1,542)		(295)	(65)	(1,902)
Balance, end of period	42,277		10,299	1,041	53,617
Consolidated:
Balance, beginning of year	139,719		21,271	1,937	162,927
Capitalizations	16,246		3,250	538	20,034
Amortization expense	(10,401)		(881)	(262)	(11,544)
Balance, end of period	$	145,564	23,640	2,213	171,417

Cost of Insurance Acquired

Nine Months Ended September 30, 2024 (In thousands)	Permanent		Permanent Limited Pay	Other Business	Total
Life Insurance:
Balance, beginning of year	$	249	695	406	1,350
Amortization expense	(12)		(36)	(33)	(81)
Balance, end of period	237		659	373	1,269
Home Service Insurance:
Balance, beginning of year	7,194		168	1,331	8,693
Amortization expense	(279)		(5)	(112)	(396)
Balance, end of period	6,915		163	1,219	8,297
Consolidated:
Balance, beginning of year	7,443		863	1,737	10,043
Amortization expense	(291)		(41)	(145)	(477)
Balance, end of period	$	7,152	822	1,592	9,566

Nine Months Ended September 30, 2023 (In thousands)	Permanent		Permanent Limited Pay	Other Business	Total
Life Insurance:
Balance, beginning of year	$	267	750	444	1,461
Amortization expense	(14)		(43)	(29)	(86)
Balance, end of period	253		707	415	1,375
Home Service Insurance:
Balance, beginning of year	7,583		176	1,427	9,186
Amortization expense	(293)		(6)	(80)	(379)
Balance, end of period	7,290		170	1,347	8,807
Consolidated:
Balance, beginning of year	7,850		926	1,871	10,647
Amortization expense	(307)		(49)	(109)	(465)
Balance, end of period	$	7,543	877	1,762	10,182