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Insurance Expenses

12 Months Ended

Dec. 31, 2021

NOTE 7. INSURANCE EXPENSES

Insurance Expenses for the years ended December 31, 2021, 2020 and 2019 were:


DOLLARS IN MILLIONS	2021		2020		2019
Commissions	$	817.6	$	745.8	$	708.8
General Expenses	339.5		307.4		278.0
Premium Tax Expense	104.3		94.2		93.5
Total Costs Incurred	1,261.4		1,147.4		1,080.3
Policy Acquisition Costs:
Deferred	(772.6)		(693.4)		(475.2)
Amortized	684.3		641.8		408.3
Net Policy Acquisition Costs Amortized	(88.3)		(51.6)		(66.9)
Amortization of VOBA	45.0		4.7		6.3
Insurance Expenses	$	1,218.1	$	1,100.5	$	1,019.7

Commissions for servicing policies are expensed as incurred, rather than deferred and amortized. The Company recorded amortization of Deferred Policy Acquisition Costs of $684.3 million, $641.8 million and $408.3 million for the years ended December 31, 2021, 2020 and 2019, respectively.