| Deferred Policy Acquisition Costs, Net |
. Deferred Policy Acquisition Costs, NetThe following tables present a roll-forward of deferred policy acquisition costs related to long-duration contracts for the nine months ended December 31, 2025 and 2024.
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Nine months ended December 31, 2025 |
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Deferred Annuities |
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|
Life Insurance |
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|
Health Insurance |
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Total |
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(Unaudited) |
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(In thousands) |
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Balance, beginning of year |
|
$ |
60,480 |
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|
$ |
57,986 |
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|
$ |
3,263 |
|
|
$ |
121,729 |
|
Capitalization |
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|
6,810 |
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|
|
2,375 |
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|
|
65 |
|
|
|
9,250 |
|
Amortization expense |
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|
(8,414 |
) |
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|
(5,794 |
) |
|
|
(593 |
) |
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|
(14,801 |
) |
Balance, end of period |
|
$ |
58,876 |
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|
$ |
54,567 |
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|
$ |
2,735 |
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|
$ |
116,178 |
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|
Nine months ended December 31, 2024 |
|
|
|
Deferred Annuities |
|
|
Life Insurance |
|
|
Health Insurance |
|
|
Total |
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|
|
(Unaudited) |
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|
|
(In thousands) |
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|
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Balance, beginning of year |
|
$ |
54,747 |
|
|
$ |
62,426 |
|
|
$ |
4,051 |
|
|
$ |
121,224 |
|
Capitalization |
|
|
12,561 |
|
|
|
2,716 |
|
|
|
92 |
|
|
|
15,369 |
|
Amortization expense |
|
|
(6,679 |
) |
|
|
(6,260 |
) |
|
|
(639 |
) |
|
|
(13,578 |
) |
Balance, end of period |
|
$ |
60,629 |
|
|
$ |
58,882 |
|
|
$ |
3,504 |
|
|
$ |
123,015 |
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