Receivables and Other Current Assets

6 Months Ended

Jun. 30, 2026

Receivables

The Company had receivables of $697.6 million and $489.0 million outstanding as of June 30, 2026 and December 31,

2025, 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 expected credit losses. The Company’s allowance for

expected 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,
	2026	2025	2026	2025
Balance at beginning of period	$4,413	$3,394	$4,095	$3,018
Write-offs	(502)	(1,076)	(2,085)	(2,211)
Increase in provision	702	1,388	2,603	2,899
Balance at end of period	$4,613	$3,706	$4,613	$3,706

Other Current Assets

Major classes of other current assets consisted of the following:

Other current receivables contain service receivables from Geneva Re, Ltd (“Geneva Re”) and Velocity Specialty

Insurance Company (“VSIC”). See Note 15, Related Parties, for further information regarding related parties.