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Deferred Policy Acquisition Costs (Tables)
 12 Months Ended
Dec. 31, 2018
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs Balance Roll Forward

The balances and activity in DAC were as follows:

 

 

Year ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

(In thousands)

 

DAC balance, beginning of period

 

$

1,951,892

 

 

$

1,713,065

 

 

$

1,500,259

 

Capitalization

 

 

441,874

 

 

 

433,575

 

 

 

387,396

 

Amortization

 

 

(239,730

)

 

 

(209,399

)

 

 

(180,582

)

Foreign exchange translation and other

 

 

(20,116

)

 

 

14,651

 

 

 

5,992

 

DAC balance, end of period

 

$

2,133,920

 

 

$

1,951,892

 

 

$

1,713,065