| Schedule of Deferred Policy Acquisition Costs |
The following tables present a roll-forward of deferred policy acquisition costs related to long-duration contracts for the six month periods ended September 30, 2025 and 2024:
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|
|
|
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|
|
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|
Six Months Ended September 30, 2025 |
|
|
|
Deferred Annuities |
|
|
Life Insurance |
|
|
Health Insurance |
|
|
Total |
|
|
|
(Unaudited) |
|
|
|
(In thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of year |
|
$ |
60,480 |
|
|
$ |
57,986 |
|
|
$ |
3,263 |
|
|
$ |
121,729 |
|
Capitalization |
|
|
5,474 |
|
|
|
1,747 |
|
|
|
46 |
|
|
|
7,267 |
|
Amortization expense |
|
|
(5,552 |
) |
|
|
(3,893 |
) |
|
|
(434 |
) |
|
|
(9,879 |
) |
Other, including Experience Adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance, end of period |
|
$ |
60,402 |
|
|
$ |
55,840 |
|
|
$ |
2,875 |
|
|
$ |
119,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended September 30, 2024 |
|
|
|
Deferred Annuities |
|
|
Life Insurance |
|
|
Health Insurance |
|
|
Total |
|
|
|
(Unaudited) |
|
|
|
(In thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of year |
|
$ |
54,747 |
|
|
$ |
62,426 |
|
|
$ |
4,051 |
|
|
$ |
121,224 |
|
Capitalization |
|
|
7,351 |
|
|
|
1,774 |
|
|
|
65 |
|
|
|
9,190 |
|
Amortization expense |
|
|
(4,366 |
) |
|
|
(4,281 |
) |
|
|
(438 |
) |
|
|
(9,085 |
) |
Other, including Experience Adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance, end of period |
|
$ |
57,732 |
|
|
$ |
59,919 |
|
|
$ |
3,678 |
|
|
$ |
121,329 |
|
|