Business and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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 tables below present the changes in the relevant statement of cash flow captions for the years ended December 31, 2024 and 2023 from amounts as previously reported to the revised presentation.


	For the Year Ended December 31, 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	$	(73,762)	$	73,762	$	—
Assumed premiums, commissions and fees receivable, net	—		(42,411)		(42,411)
Accounts payable, accrued expenses and other current liabilities	81,561		(82,049)		(488)

Cash flows from financing activities:
Change in fiduciary assets and liabilities, net	—		50,698		50,698
Total represented changes in cash flows	$	7,799	$	—	$	7,799


	For the Year Ended December 31, 2023
(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	$	(132,269)	$	132,269	$	—
Assumed premiums, commissions and fees receivable, net	—		(50,302)		(50,302)
Accounts payable, accrued expenses and other current liabilities	132,655		(126,565)		6,090

Cash flows from financing activities:
Change in fiduciary assets and liabilities, net	—		44,598		44,598
Total represented changes in cash flows	$	386	$	—	$	386