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Policy Acquisition Costs (Tables) | 12 Months Ended
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Dec. 31, 2022
Policy Acquisition Costs |
Schedule of policy acquisition costs deferred and amortized | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (in thousands)
Deferred Policy Acquisition Costs: |  | ​ |  |  | ​ |  |  | ​ |
Balance, beginning of year | ​ | $ | 55,953 | ​ | $ | 35,481 | ​ | $ | 25,201
Additions to deferred balance: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Direct commissions | ​ |  | 209,061 | ​ |  | 133,242 | ​ |  | 82,786
Ceding commissions and fronting fees | ​ |  | (109,302) | ​ |  | (32,249) | ​ |  | (19,371)
Premium taxes | ​ |  | 10,166 | ​ |  | 8,209 | ​ |  | 7,024
Total net additions | ​ |  | 109,925 | ​ |  | 109,202 | ​ |  | 70,439
Amortization of net policy acquisition costs | ​ |  | (109,138) | ​ |  | (88,730) | ​ |  | (60,159)
Balance, end of year | ​ | $ | 56,740 | ​ | $ | 55,953 | ​ | $ | 35,481
Acquisition expenses: | ​ |  |  | ​ |  |  | ​ |  |
Amortization of net policy acquisition costs | ​ | $ | 109,138 | ​ | $ | 88,730 | ​ | $ | 60,159
Period costs | ​ |  | 1,633 | ​ |  | 6,703 | ​ |  | 3,882
Total Acquisition expenses | ​ | $ | 110,771 | ​ | $ | 95,433 | ​ | $ | 64,041

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