Insurance Expenses

12 Months Ended

Dec. 31, 2023

Insurance Expenses [Abstract]

Insurance Expenses

NOTE 9. INSURANCE EXPENSES

Insurance Expenses for the years ended December 31, 2023, 2022 and 2021 were:

DOLLARS IN MILLIONS	2023		2022		2021
Commissions	$	584.2	$	724.8	$	817.6
General Expenses	342.8		358.4		339.5
Taxes, Licenses, and Fees	79.6		99.5		104.3
Total Costs Incurred	1,006.6		1,182.7		1,261.4
Policy Acquisition Costs:
Deferred	(563.3)		(691.5)		(772.6)
Amortized	607.1		705.7		695.1
Net Policy Acquisition Costs Amortized (Deferred)	43.8		14.2		(77.5)
Amortization of Value of Business Acquired	2.0		4.1		45.0
Insurance Expenses	$	1,052.4	$	1,201.0	$	1,228.9

Commissions for servicing policies are expensed as incurred, rather than deferred and amortized. The Company recorded amortization of Deferred Policy Acquisition Costs of $607.1 million, $705.7 million and $695.1 million for the years ended December 31, 2023, 2022 and 2021, respectively.