Insurance Expenses

12 Months Ended

Dec. 31, 2020

Insurance Expenses [Abstract]

Insurance Expenses

NOTE 15. INSURANCE EXPENSES

Insurance Expenses for the years ended December 31, 2020, 2019 and 2018 were:

DOLLARS IN MILLIONS	2020		2019		2018
Commissions	$	745.8	$	708.8	$	558.7
General Expenses	307.4		278.0		231.9
Premium Tax Expense	94.2		93.5		71.0
Total Costs Incurred	1,147.4		1,080.3		861.6
Policy Acquisition Costs:
Deferred	(693.4)		(475.2)		(481.5)
Amortized	641.8		408.3		377.1
Net Policy Acquisition Costs Amortized (Deferred)	(51.6)		(66.9)		(104.4)
Amortization of VOBA	4.7		6.3		143.3
Insurance Expenses	$	1,100.5	$	1,019.7	$	900.5

Commissions for servicing policies are expensed as incurred, rather than deferred and amortized. The Company recorded amortization of Deferred Policy Acquisition Costs of $641.8 million, $408.3 million and $377.1 million for the years ended December 31, 2020, 2019 and 2018, respectively.