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Receivables and Other Current Assets | 6 Months Ended
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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 cur rent 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.

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