Deferred Policy Acquisition Costs and Cost of Insurance Acquired (Tables)

6 Months Ended

Jun. 30, 2023

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

Cost of Insurance Acquired

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