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Deferred Policy Acquisition Costs, Net (Table Text Block)
9 Months Ended
Dec. 31, 2023
Compensation and Retirement Disclosure [Abstract]  
Schedule of Deferred Policy Acquisition Costs

The following tables present a rollforward of deferred policy acquisition costs related to long-duration contracts for the nine-month periods ended December 31, 2023 and 2022.

 

 

 

Nine Months Ended December 31, 2023

 

 

 

Payout Annuities

 

 

Life Insurance

 

 

Health Insurance

 

 

Total

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$

55,396

 

 

$

66,954

 

 

$

6,113

 

 

$

128,463

 

Capitalization

 

 

8,007

 

 

 

3,213

 

 

 

177

 

 

 

11,397

 

Amortization expense

 

 

(11,461

)

 

 

(6,586

)

 

 

(979

)

 

 

(19,026

)

Balance, end of period

 

$

51,942

 

 

$

63,581

 

 

$

5,311

 

 

$

120,834

 

 

 

 

 

Nine Months Ended December 31, 2022

 

 

 

Payout Annuities

 

 

Life Insurance

 

 

Health Insurance

 

 

Total

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$

55,261

 

 

$

67,573

 

 

$

8,596

 

 

$

131,430

 

Capitalization

 

 

14,403

 

 

 

5,667

 

 

 

336

 

 

 

20,406

 

Amortization expense

 

 

(11,972

)

 

 

(4,722

)

 

 

(1,422

)

 

 

(18,116

)

Balance, end of period

 

$

57,692

 

 

$

68,518

 

 

$

7,510

 

 

$

133,720