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Deferred Policy Acquisition Costs, Net (Table Text Block)
12 Months Ended
Mar. 31, 2024
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 periods ended March 31, 2024 and 2023.

 

 

 

Year Ended March 31, 2024

 

 

 

Deferred Annuities

 

 

Life
Insurance

 

 

Health Insurance

 

 

Total

 

 

 

 

 

 

 

(In thousands)

 

Balance, beginning of year

$

 

55,396

 

$

 

66,954

 

$

 

6,113

 

$

 

128,463

 

Capitalization

 

 

12,753

 

 

 

4,030

 

 

 

216

 

 

 

16,999

 

Amortization expense

 

 

(13,401

)

 

 

(8,559

)

 

 

(2,278

)

 

 

(24,238

)

Balance, end of period

$

 

54,748

 

$

 

62,425

 

$

 

4,051

 

$

 

121,224

 

 

 

 

Year Ended March 31, 2023

 

 

 

Deferred Annuities

 

 

Life Insurance

 

 

Health Insurance

 

 

Total

 

 

 

 

 

 

 

(In thousands)

 

Balance, beginning of year

$

 

55,261

 

$

 

67,573

 

$

 

8,596

 

$

 

131,430

 

Capitalization

 

 

18,316

 

 

 

6,529

 

 

 

356

 

 

 

25,201

 

Amortization expense

 

 

(18,181

)

 

 

(7,148

)

 

 

(2,839

)

 

 

(28,168

)

Balance, end of period

$

 

55,396

 

$

 

66,954

 

$

 

6,113

 

$

 

128,463