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Deferred Costs, Capitalized, Prepaid, and Other Assets | 6 Months Ended
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Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Policy Acquisition Costs | Deferred Policy Acquisition Costs The following table presents the balances and changes in Deferred Policy Acquisition Costs for the Property and Casualty and Life and Health and business for the six months ended June 30, 2023 and 2022:
|  | Jun 30, 2023 |  | Jun 30, 2022
|  | Property and Casualty |  | Life and Health |  | Total |  | Property and Casualty |  | Life and Health |  | Total
Balance, Beginning of Year |  | $ | 231.1 |  |  | $ | 404.5 |  |  | $ | 635.6 |  |  | $ | 268.7 |  |  | $ | 419.3 |  |  | $ | 688.0 |
Capitalizations |  | 294.6 |  |  | 27.7 |  |  | 322.3 |  |  | 330.0 |  |  | 33.0 |  |  | 363.0 |
Amortization Expense |  | (295.7) |  |  | (9.7) |  |  | (305.4) |  |  | (343.8) |  |  | (14.7) |  |  | (358.5) |
Experience Adjustment |  | — |  |  | (6.3) |  |  | (6.3) |  |  | — |  |  | (2.4) |  |  | (2.4) |
Balance, End of Period |  | $ | 230.0 |  |  | $ | 416.2 |  |  | $ | 646.2 |  |  | $ | 254.9 |  |  | $ | 435.2 |  |  | $ | 690.1 |
Note 8 - Deferred Policy Acquisition Costs (Continued) Costs directly associated with the successful acquisition of business, principally commissions and certain premium taxes and policy issuance costs, are deferred. Costs deferred on property and casualty insurance contracts are amortized over the period in which premiums are earned. Costs deferred on traditional life insurance products and other long-duration insurance contracts are amortized on a constant level basis over the expected life of the contracts in accordance with the assumptions used to estimate the liability for future policyholder benefits for nonparticipating traditional and limited-payment contracts. The underlying assumptions for deferred policy acquisition costs and the liability for future policyholder benefits were updated concurrently. In the second quarter of 2023, the Company did not make any changes to future assumptions.

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- References No definition available. + Details
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- Definition The entire disclosure for deferred policy acquisition costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//944-30/tableOfContent + Details
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