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Deferred Policy Acquisition Costs, Net (Table Text Block)
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Compensation and Retirement Disclosure [Abstract]    
Schedule of Deferred Policy Acquisition Costs

The following tables present a roll-forward of deferred policy acquisition costs related to long-duration contracts for the nine months ended December 31, 2025 and 2024.

 

 

 

Nine months ended December 31, 2025

 

 

 

Deferred Annuities

 

 

Life Insurance

 

 

Health Insurance

 

 

Total

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$

60,480

 

 

$

57,986

 

 

$

3,263

 

 

$

121,729

 

Capitalization

 

 

6,810

 

 

 

2,375

 

 

 

65

 

 

 

9,250

 

Amortization expense

 

 

(8,414

)

 

 

(5,794

)

 

 

(593

)

 

 

(14,801

)

Balance, end of period

 

$

58,876

 

 

$

54,567

 

 

$

2,735

 

 

$

116,178

 

 

 

 

Nine months ended December 31, 2024

 

 

 

Deferred Annuities

 

 

Life Insurance

 

 

Health Insurance

 

 

Total

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$

54,747

 

 

$

62,426

 

 

$

4,051

 

 

$

121,224

 

Capitalization

 

 

12,561

 

 

 

2,716

 

 

 

92

 

 

 

15,369

 

Amortization expense

 

 

(6,679

)

 

 

(6,260

)

 

 

(639

)

 

 

(13,578

)

Balance, end of period

 

$

60,629

 

 

$

58,882

 

 

$

3,504

 

 

$

123,015

 

The following tables present a roll-forward of deferred policy acquisition costs related to long-duration contracts for the nine months ended December 31, 2025 and 2024.

 

 

 

Nine months ended December 31, 2025

 

 

 

Deferred Annuities

 

 

Life Insurance

 

 

Health Insurance

 

 

Total

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$

60,480

 

 

$

57,986

 

 

$

3,263

 

 

$

121,729

 

Capitalization

 

 

6,810

 

 

 

2,375

 

 

 

65

 

 

 

9,250

 

Amortization expense

 

 

(8,414

)

 

 

(5,794

)

 

 

(593

)

 

 

(14,801

)

Balance, end of period

 

$

58,876

 

 

$

54,567

 

 

$

2,735

 

 

$

116,178

 

 

 

 

Nine months ended December 31, 2024

 

 

 

Deferred Annuities

 

 

Life Insurance

 

 

Health Insurance

 

 

Total

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$

54,747

 

 

$

62,426

 

 

$

4,051

 

 

$

121,224

 

Capitalization

 

 

12,561

 

 

 

2,716

 

 

 

92

 

 

 

15,369

 

Amortization expense

 

 

(6,679

)

 

 

(6,260

)

 

 

(639

)

 

 

(13,578

)

Balance, end of period

 

$

60,629

 

 

$

58,882

 

 

$

3,504

 

 

$

123,015