Receivables and Other Current Assets

9 Months Ended

Sep. 30, 2026

Receivables

The Company had receivables of $576.1 million and $489.0 million outstanding as of September 30, 2026 and

December 31, 2025, respectively, which were recognized within Commissions and fees receivable – net on the

Consolidated Balance Sheets. Commissions 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 September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Balance at beginning of period	$4,613	$3,706	$4,095	$3,018
Write-offs	(1,714)	(1,449)	(3,799)	(3,660)
Increase in provision	3,505	2,361	6,108	5,260
Balance at end of period	$6,404	$4,618	$6,404	$4,618

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”). See Note 15, Related Parties,

for further information regarding related parties.