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Business and Basis of Presentation (Tables) | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Reclassification | The table below presents the changes in the relevant balance sheet captions at December 31, 2024 from amounts as previously reported to the revised presentation.
|  | At December 31, 2024
(in thousands) |  | As Previously Reported |  | Change in Presentation |  | As Revised
Cash and cash equivalents |  | $ | 148,120 |  |  | $ | (58,075) |  |  | $ | 90,045 |
Restricted cash |  | 164,649 |  |  | (164,649) |  |  | — |
Fiduciary cash |  | — |  |  | 222,724 |  |  | 222,724 |
Total |  | $ | 312,769 |  |  | $ | — |  |  | $ | 312,769 |
Premiums, commissions and fees receivables, net |  | $ | 702,096 |  |  | $ | (702,096) |  |  | $ | — |
Assumed premiums, commissions and fees receivable, net |  | — |  |  | 283,553 |  |  | 283,553 |
Fiduciary receivables |  | — |  |  | 418,543 |  |  | 418,543 |
Total |  | $ | 702,096 |  |  | $ | — |  |  | $ | 702,096 |
Premiums payable to insurance companies |  | $ | 641,267 |  |  | $ | (641,267) |  |  | $ | — |
Fiduciary liabilities |  | — |  |  | 641,267 |  |  | 641,267 |
Total |  | $ | 641,267 |  |  | $ | — |  |  | $ | 641,267 |
The table below presents the changes in the relevant statement of cash flow captions for the six months ended June 30, 2024 from amounts as previously reported to the revised presentation.
|  | For the Six Months Ended June 30, 2024
(in thousands) |  | As Previously Reported |  | Change in Presentation |  | As Revised
Cash flows from operating activities: |  |  |  |  |  |
Changes in operating assets and liabilities: |  |  |  |  |  |
Premiums, commissions and fees receivable, net |  | $ | (134,494) |  |  | $ | 134,494 |  |  | $ | — |
Assumed premiums, commissions and fees receivable, net |  | — |  |  | (15,381) |  |  | (15,381) |
Accounts payable, accrued expenses and other current liabilities |  | 167,077 |  |  | (176,601) |  |  | (9,524) |
Colleague earnout incentives(1) |  | — |  |  | (4,766) |  |  | (4,766) |
Cash flows from financing activities: |  |  |  |  |  |
Change in fiduciary assets and liabilities, net |  | — |  |  | 62,254 |  |  | 62,254 |
Total represented changes in cash flows |  | $ | 32,583 |  |  | $ | — |  |  | $ | 32,583 |
__________ (1) Beginning December 31, 2024, colleague earnout incentives were presented separately on the face of the consolidated balance sheets unrelated to the change in presentation for fiduciary assets and liabilities. Changes in colleague earnout incentives are included in this table only to present the effect of this reclassification on the changes in accounts payable, accrued expenses and other current liabilities.

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