v3.25.2
Receivables and Other Current Assets
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Receivables and Other Current Assets Receivables and Other Current Assets
Receivables
The Company had receivables of $528.6 million and $389.8 million outstanding as of June 30, 2025 and December 31,
2024, respectively, which were recognized within Commissions and fees receivable – net on the Consolidated Balance
Sheets. Commission and fees receivable is net of an allowance for credit losses. The Company’s allowance for credit losses
is based on a combination of factors, including evaluation of historical write-offs, current economic conditions, aging of
balances, and other qualitative and quantitative analyses.
The following table provides a summary of changes in the Company’s allowance for expected credit losses:
Three Months Ended June 30,
Six Months Ended June 30,
2025
2024
2025
2024
Beginning of period
$3,394
$2,061
$3,018
$2,458
Write-offs
(1,076)
(498)
(2,211)
(1,285)
Increase in provision
1,388
1,590
2,899
1,980
End of period
$3,706
$3,153
$3,706
$3,153
Other Current Assets
Major classes of other current assets consisted of the following:
June 30, 2025
December 31, 2024
Prepaid expenses
$46,317
$51,701
Insurance recoverable
975
20,155
Interest rate cap
7,013
13,936
Other current receivables
26,389
24,159
Total Other current assets
$80,694
$109,951
Other current receivables contain service receivables from Geneva Re, Ltd. See Note 14, Related Parties, for further
information regarding related parties. See Note 13, Commitments and Contingencies, for further information on the
insurance recoverable. See Note 10, Derivatives, for further information on the interest rate cap.