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Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2021

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

8.Deferred Policy Acquisition Costs

Expenses directly related to successfully acquire insurance policies, primarily commissions, premium taxes and underwriting costs, are deferred and amortized over the terms of the policies. We update our acquisition cost assumptions periodically to reflect actual experience, and we evaluate the costs for recoverability. The table below shows the deferred policy acquisition costs and asset reconciliation:

		Year Ended December 31,
		2021				2020				2019
Balance, beginning of year		$	23,968			$	15,399			$	12,866
Deferral of policy acquisition costs			65,553				60,041				48,721
Amortization of deferred policy acquisition costs			(64,574	)			(51,472	)			(46,188	)
Balance, end of year		$	24,947			$	23,968			$	15,399

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- References

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- Definition

The entire disclosure for deferred policy acquisition costs.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 30
-URI http://asc.fasb.org/subtopic&trid=4737841

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