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Deferred Policy Acquisition Costs
3 Months Ended
Mar. 31, 2017
Insurance [Abstract]  
Deferred Policy Acquisition Costs
Deferred Policy Acquisition Costs
Policy acquisition costs that are primarily and directly related to the successful production of new and renewal insurance contracts, most significantly agent commissions, premium taxes, and underwriting salaries and benefits, are capitalized as policy acquisition costs and amortized to expense, net of ceding commissions earned, as the related premium revenues are earned.
Amortization of DPAC was $22.6 million and $21.5 million for the three months ended March 31, 2017 and 2016, respectively.