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Other Assets

9 Months Ended

Sep. 30, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

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.