XML 36 R12.htm IDEA: XBRL DOCUMENT
v3.23.2

Deferred Policy Acquisition Costs and Cost of Insurance Acquired | 6 Months Ended
--- | ---
Jun. 30, 2023
Insurance [Abstract] |
Deferred Policy Acquisition Costs and Cost of Insurance Acquired | DEFERRED POLICY ACQUISITION COSTS AND COST OF INSURANCE ACQUIRED DAC The following tables roll forward the DAC asset for the six months ended June 30, 2023 and 2022 by reporting cohort. Our reporting cohorts are Permanent, which summarizes insurance policies with premiums payable over the lifetime of the policy, and Permanent Limited Pay, which summarizes insurance policies with premiums payable for a limited time after which the policy is fully paid up. Both reporting cohorts include whole life and endowment policies.
| Six Months Ended June 30, 2023
(In thousands) | Permanent | Permanent Limited Pay |  | Other Business | Total
Life Insurance: |  |  |  |  |
Balance, beginning of year | $ | 100,926 |  | 11,542 |  |  | 1,016 |  | 113,484 |
Capitalizations | 7,212 |  | 1,436 |  |  | 169 |  | 8,817 |
Amortization expense | (5,909) |  | (382) |  |  | (38) |  | (6,329) |
Balance, end of period | 102,229 |  | 12,596 |  |  | 1,147 |  | 115,972 |
Home Service Insurance: |  |  |  |  |
Balance, beginning of year | 38,793 |  | 9,729 |  |  | 921 |  | 49,443 |
Capitalizations | 3,340 |  | 629 |  |  | 116 |  | 4,085 |
Amortization expense | (1,015) |  | (196) |  |  | 52 |  | (1,159) |
Balance, end of period | 41,118 |  | 10,162 |  |  | 1,089 |  | 52,369 |
Consolidated: |  |  |  |  |
Balance, beginning of year | 139,719 |  | 21,271 |  |  | 1,937 |  | 162,927 |
Capitalizations | 10,552 |  | 2,065 |  |  | 285 |  | 12,902 |
Amortization expense | (6,924) |  | (578) |  |  | 14 |  | (7,488) |
Balance, end of period | $ | 143,347 |  | 22,758 |  |  | 2,236 |  | 168,341 |
| Six Months Ended June 30, 2022
(In thousands) | Permanent | Permanent Limited Pay |  | Other Business | Total
Life Insurance: |  |  |  |  |
Balance, beginning of year | $ | 97,675 |  | 9,001 |  |  | 1,026 |  | 107,702 |
Capitalizations | 6,079 |  | 1,545 |  |  | (11) |  | 7,613 |
Amortization expense | (5,607) |  | (309) |  |  | (54) |  | (5,970) |
Balance, end of period | 98,147 |  | 10,237 |  |  | 961 |  | 109,345 |
Home Service Insurance: |  |  |  |  |
Balance, beginning of year | 35,137 |  | 8,723 |  |  | 856 |  | 44,716 |
Capitalizations | 2,615 |  | 727 |  |  | 10 |  | 3,352 |
Amortization expense | (896) |  | (179) |  |  | 18 |  | (1,057) |
Balance, end of period | 36,856 |  | 9,271 |  |  | 884 |  | 47,011 |
Consolidated: |  |  |  |  |
Balance, beginning of year | 132,812 |  | 17,724 |  |  | 1,882 |  | 152,418 |
Capitalizations | 8,694 |  | 2,272 |  |  | (1) |  | 10,965 |
Amortization expense | (6,503) |  | (488) |  |  | (36) |  | (7,027) |
Balance, end of period | $ | 135,003 |  | 19,508 |  |  | 1,845 |  | 156,356 |
DAC capitalization increased for the six months ended June 30, 2023, compared to the same prior year period mainly from increased commissions from higher first year sales across our business segments. COIA The following tables provide rollforwards of the COIA balances for the six months ended June 30, 2023 and 2022 by reporting cohort. Our reporting cohorts are Permanent, which summarizes insurance policies with premiums payable over the lifetime of the policy, and Permanent Limited Pay, which summarizes insurance policies with premiums payable for a limited time after which the policy is fully paid up. Both reporting cohorts include whole life and endowment policies.
| Six Months Ended June 30, 2023
(In thousands) | Permanent | Permanent Limited Pay |  | Other Business | Total
Life Insurance: |  |  |  |  |
Balance, beginning of year | $ | 267 |  | 750 |  |  | 444 |  | 1,461 |
Amortization expense | (10) |  | (30) |  |  | (18) |  | (58) |
Balance, end of period | 257 |  | 720 |  |  | 426 |  | 1,403 |
Home Service Insurance: |  |  |  |  |
Balance, beginning of year | 7,583 |  | 176 |  |  | 1,427 |  | 9,186 |
Amortization expense | (197) |  | (4) |  |  | (55) |  | (256) |
Balance, end of period | 7,386 |  | 172 |  |  | 1,372 |  | 8,930 |
Consolidated: |  |  |  |  |
Balance, beginning of year | 7,850 |  | 926 |  |  | 1,871 |  | 10,647 |
Amortization expense | (207) |  | (34) |  |  | (73) |  | (314) |
Balance, end of period | $ | 7,643 |  | 892 |  |  | 1,798 |  | 10,333 |
| Six Months Ended June 30, 2022
(In thousands) | Permanent | Permanent Limited Pay |  | Other Business | Total
Life Insurance: |  |  |  |  |
Balance, beginning of year | $ | 287 |  | 812 |  |  | 485 |  | 1,584 |
Amortization expense | (10) |  | (31) |  |  | (21) |  | (62) |
Balance, end of period | 277 |  | 781 |  |  | 464 |  | 1,522 |
Home Service Insurance: |  |  |  |  |
Balance, beginning of year | 7,989 |  | 184 |  |  | 1,511 |  | 9,684 |
Amortization expense | (205) |  | (4) |  |  | (9) |  | (218) |
Balance, end of period | 7,784 |  | 180 |  |  | 1,502 |  | 9,466 |
Consolidated: |  |  |  |  |
Balance, beginning of year | 8,276 |  | 996 |  |  | 1,996 |  | 11,268 |
Amortization expense | (215) |  | (35) |  |  | (30) |  | (280) |
Balance, end of period | $ | 8,061 |  | 961 |  |  | 1,966 |  | 10,988 |

X
- Definition The entire disclosure for deferred policy acquisition costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//944-30/tableOfContent + Details
Name: | us-gaap_DeferredPolicyAcquisitionCostsTextBlock1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration