XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.24.3

Other Assets | 9 Months Ended
--- | ---
Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets | 6 — Other Assets As of September 30, 2024 and December 31, 2023, other assets, current and long-term, consisted of:
|  | September 30, |  | December 31,
|  | 2024 |  | 2023
|  | in thousands
Prepaid Software as a Service implementation costs | $ | 36,169 |  |  | $ | 21,941 |
Prepaid sales, general and administrative expenses | 16,744 |  |  | 21,300 |
Deferred reinsurance premiums ceded (1) | 21,867 |  |  | 10,474 |
Other investments |  | 10,332 |  |  | 4,363 |
Contract costs | 9,338 |  |  | 8,851 |
Reinsurance recoverable | 7,803 |  |  | 2,783 |
Inventory (2) | 8,947 |  |  | 5,038 |
Deferred financing costs |  | 3,953 |  |  | 5,053 |
Accrued investment income |  | 3,760 |  |  | 104 |
Other | 13,792 |  |  | 7,419 |
Other assets | $ | 132,705 |  |  | $ | 87,326 |
(1) Deferred reinsurance premiums ceded consists of the unearned portion of premiums ceded by Hagerty Re to various reinsurers. Refer to Note 12 — Reinsurance for additional information on the Company's reinsurance programs. (2) Inventory primarily includes vehicles owned by Broad Arrow that have been purchased for resale purposes. As of September 30, 2024, Other primarily included a $6.7 million tax receivable, $2.5 million of collector vehicle investments, and $2.3 million related to digital media content. As of December 31, 2023, Other primarily included $2.7 million of collector vehicle investments, $2.2 million related to digital media content, and the $2.2 million fair value of an interest rate swap.

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration