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Deferred Policy Acquisition Costs (Tables)
 12 Months Ended
Dec. 31, 2024
Insurance [Abstract]  
Schedule of Major Categories of the Deferred Policy Acquisition Costs Major categories of the Company’s deferred policy acquisition costs are summarized as follows:

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Agents’ commissions

 

$

13,466

 

 

$

12,955

 

Premium taxes

 

 

2,828

 

 

 

2,672

 

Deferred underwriting expenses

 

 

2,857

 

 

 

2,348

 

Total deferred policy acquisition costs

 

$

19,151

 

 

$

17,975

 
Schedule of the Activity in the Deferred Policy Acquisition Costs

The following summarizes the activity in the deferred policy acquisition costs:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Balance, beginning of year

 

$

17,975

 

 

$

17,401

 

 

$

17,059

 

Policy acquisition costs deferred

 

 

43,348

 

 

 

41,433

 

 

 

40,194

 

Amortization expense during the year

 

 

(42,172

)

 

 

(40,859

)

 

 

(39,852

)

Balance, end of year

 

$

19,151

 

 

$

17,975

 

 

$

17,401