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Employee Benefits | 6 Months Ended
--- | ---
Jun. 30, 2024
Retirement Benefits [Abstract] |
EMPLOYEE BENEFITS | EMPLOYEE BENEFITS Net Periodic Benefit Cost The components of the net periodic benefit cost for our pension benefit plan are as follows:
| Pension Plan |  |
Three Months Ended June 30, | 2024 |  | 2023 |  |  |  |
Net periodic benefit cost |  |  |  |  |  |  |
Service cost | $ | 822 |  |  | $ | 954 |  |  |  |  |
Interest cost | 2,478 |  |  | 2,526 |  |  |  |  |
Expected return on plan assets | (3,635) |  |  | (3,756) |  |  |  |  |
Amortization of prior service credit | (724) |  |  | (820) |  |  |  |  |
Amortization of net loss | — |  |  | 52 |  |  |  |  |
Net periodic benefit cost | $ | (1,059) |  |  | $ | (1,044) |  |  |  |  |
| Pension Plan |  |
Six Months Ended June 30, | 2024 |  | 2023 |  |  |  |
Net periodic benefit cost |  |  |  |  |  |  |
Service cost | $ | 1,643 |  |  | $ | 1,909 |  |  |  |  |
Interest cost | 4,957 |  |  | 5,053 |  |  |  |  |
Expected return on plan assets | (7,271) |  |  | (7,513) |  |  |  |  |
Amortization of prior service credit | (1,448) |  |  | (1,640) |  |  |  |  |
Amortization of net loss | — |  |  | 104 |  |  |  |  |
Net periodic benefit cost | $ | (2,118) |  |  | $ | (2,087) |  |  |  |  |
A portion of the service cost component of net periodic pension benefit costs is capitalized and amortized as part of deferred acquisition costs and is included in the line "Amortization of deferred policy acquisition costs" in the Consolidated Statements of Income and Comprehensive Income. The portion not related to the compensation and other components of net periodic pension benefit costs is included in the line "Other underwriting expenses" in the Consolidated Statements of Income and Comprehensive Income. Employer Contributions We previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023 that we are not required to make a contribution to the pension plan for 2024.

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