
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Commission revenue(1)	$	373,060	$	299,243	$	793,614	$	638,105
Profit-sharing revenue(2)	29,534		19,960		55,645		44,300
Consulting and service fee revenue(3)	44,883		27,375		88,356		47,531
Policy fee and installment fee revenue(4)	21,201		19,684		41,943		37,664
Assumed premium earned(5)	15,309		5,488		29,500		9,805
Other income(6)	4,802		4,499		8,592		9,375
Investment income(7)	4,150		2,562		7,524		5,436
Total revenues	$	492,939	$	378,811	$	1,025,174	$	792,216

(1) Commission revenue is earned by providing insurance placement services to clients under direct bill and agency bill arrangements with insurance company partners and reinsurance company partners for private risk management, commercial risk management, wealth management, employee benefits and Medicare insurance types.

(2) Profit-sharing revenue represents bonus-type revenue that is earned by the Company as a sales incentive provided by certain insurance company partners.

(3) Service fee revenue is earned for providing insurance placement services to clients for a negotiated fee and consulting revenue is earned by providing specialty insurance consulting and other advisory services.

(4) Policy fee revenue represents revenue earned for acting in the capacity of an MGA and fulfilling certain administrative functions on behalf of insurance company partners, including delivery of policy documents, processing payments and other administrative functions. Installment fee revenue represents revenue earned by the Company for providing payment processing services on behalf of insurance company partners related to policy premiums paid on an installment basis.

(5) Assumed premium earned relates to the premiums earned in the Captive. Refer to Note 19 for additional information.

(6) Other income includes other ancillary income, premium financing income, and marketing income that is based on agreed-upon cost reimbursement for fulfilling specific targeted Medicare marketing campaigns.