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Deferred Policy Acquisition Costs and Cost of Insurance Acquired (Tables)
 9 Months Ended
Sep. 30, 2025
Insurance [Abstract]  
Deferred Policy Acquisition Costs
The following tables roll forward the DAC and COIA balances for the nine months ended September 30, 2025 and 2024 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.

Nine Months Ended September 30, 2025
(In thousands)
PermanentPermanent Limited PayOther BusinessTotal
Life Insurance:
Balance, beginning of year$124,725 16,388 547 141,660 
Capitalizations22,135 2,207 202 24,544 
Amortization expense(10,804)(852)(206)(11,862)
Balance, end of period136,056 17,743 543 154,342 
Home Service Insurance:
Balance, beginning of year45,656 11,151 1,168 57,975 
Capitalizations3,189 650 160 3,999 
Amortization expense(1,725)(320)(148)(2,193)
Balance, end of period47,120 11,481 1,180 59,781 
Consolidated:
Balance, beginning of year170,381 27,539 1,715 199,635 
Capitalizations25,324 2,857 362 28,543 
Amortization expense(12,529)(1,172)(354)(14,055)
Balance, end of period$183,176 29,224 1,723 214,123 


Nine Months Ended September 30, 2024
(In thousands)
PermanentPermanent Limited PayOther BusinessTotal
Life Insurance:
Balance, beginning of year$105,552 14,075 1,213 120,840 
Capitalizations21,792 2,220 250 24,262 
Amortization expense(9,763)(740)(278)(10,781)
Balance, end of period117,581 15,555 1,185 134,321 
Home Service Insurance:
Balance, beginning of year43,280 10,564 1,084 54,928 
Capitalizations3,973 892 177 5,042 
Amortization expense(1,698)(323)(2)(2,023)
Balance, end of period45,555 11,133 1,259 57,947 
Consolidated:
Balance, beginning of year148,832 24,639 2,297 175,768 
Capitalizations25,765 3,112 427 29,304 
Amortization expense(11,461)(1,063)(280)(12,804)
Balance, end of period$163,136 26,688 2,444 192,268 
DAC capitalization decreased for the nine months ended September 30, 2025, compared to the same prior year period mainly from increased ceding commissions and expenses due to a full nine months of reinsurance with RGA in 2025 offset by higher first year sales.
Cost of Insurance Acquired
Nine Months Ended September 30, 2025
(In thousands)
PermanentPermanent Limited PayOther BusinessTotal
Life Insurance:
Balance, beginning of year$599 648 — 1,247 
Amortization expense(30)(30)— (60)
Balance, end of period569 618 — 1,187 
Home Service Insurance:
Balance, beginning of year6,825 161 1,213 8,199 
Amortization expense(264)(5)24 (245)
Balance, end of period6,561 156 1,237 7,954 
Consolidated:
Balance, beginning of year7,424 809 1,213 9,446 
Amortization expense(294)(35)24 (305)
Balance, end of period$7,130 774 1,237 9,141 


Nine Months Ended September 30, 2024
(In thousands)
PermanentPermanent Limited PayOther BusinessTotal
Life Insurance:
Balance, beginning of year$249 695 406 1,350 
Amortization expense(12)(36)(33)(81)
Balance, end of period237 659 373 1,269 
Home Service Insurance:
Balance, beginning of year7,194 168 1,331 8,693 
Amortization expense(279)(5)(112)(396)
Balance, end of period6,915 163 1,219 8,297 
Consolidated:
Balance, beginning of year7,443 863 1,737 10,043 
Amortization expense(291)(41)(145)(477)
Balance, end of period$7,152 822 1,592 9,566