The Company’s prepaid and other current assets recorded in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 were as follows (in thousands):


	June 30, 2026		December 31, 2025
Agent advances	$	34,364	$	40,294
Deferred offering costs		—		7,241
Other assets		11,221		7,018
Total prepaid and other assets	$	45,585	$	54,553

The components of the Company’s property and equipment, net as of June 30, 2026 and December 31, 2025 were as follows (in thousands):


	June 30, 2026			December 31, 2025
Developed software	$	27,394		$	22,535
Computer equipment		4,443			3,798
System consulting		141			141
Furniture and fixtures		86			53
Leasehold improvements		7			7
Property and equipment		32,071			26,534
Accumulated depreciation and amortization		(21,085	)		(18,345	)
Total property and equipment, net	$	10,986		$	8,189

The Company recorded depreciation and amortization expense related to property and equipment, net, excluding developed software, of $0.4 million and $0.2 million for the three months ended June 30, 2026 and 2025, respectively, and $0.7 million and $0.4 million for the six months ended June 30, 2026 and 2025, respectively.

The Company capitalized developed software costs of $1.9 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively, and $5.0 million and $2.1 million for the six months ended June 30, 2026 and 2025, respectively. Amortization expense related to developed software costs, included in depreciation and amortization in the condensed consolidated statements of operations and comprehensive income (loss), was $1.2 million and $1.2 million for the three months ended June 30, 2026 and 2025, respectively, and $2.3 million and $2.4 million for the six months ended June 30, 2026 and 2025, respectively.

The Company’s accrued expenses recorded in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 were as follows (in thousands):


	June 30, 2026		December 31, 2025
Accrued sales and marketing expenses	$	50,961	$	27,761
Accrued payroll and compensation		4,391		2,890
Accrued underwriting expenses		3,487		2,615
Accrued professional services expenses		1,566		1,004
Deferred offering costs payable		—		934
Other accrued expenses		1,648		4,020
Total accrued expenses	$	62,053	$	39,224

The Company’s other current liabilities recorded in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 were as follows (in thousands):


	June 30, 2026		December 31, 2025
Persistency reserve liability (1)	$	43,203	$	4,879
Taxes payable		2,016		1,092
Other current liabilities		898		50
Total other current liabilities	$	46,117	$	6,021