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Revenue (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue
The following table provides disaggregated revenues by major source:
For the Years Ended December 31,
(in thousands)202520242023
Commission revenue(1)
$1,186,469 $1,129,903 $967,552 
Profit-sharing revenue(2)
94,090 95,532 93,437 
Consulting and service fee revenue(3)
95,373 78,168 74,637 
Policy fee and installment fee revenue(4)
78,642 60,719 65,386 
Assumed premium earned(5)
22,571 — — 
Other income(6)
16,535 12,794 10,816 
Investment income(7)
11,204 11,921 6,727 
Total revenues$1,504,884 $1,389,037 $1,218,555 
__________
(1)    Commission revenue is earned by providing insurance placement services to clients under direct bill and agency bill arrangements with insurance company partners for private risk management, commercial risk management, employee benefits and Medicare insurance types.
(2)    Profit-sharing revenue represents bonus-type revenue that is earned by the Company as a sales incentive provided by certain insurance company partners.
(3)    Service fee revenue is earned for providing insurance placement services to clients for a negotiated fee and consulting revenue is earned by providing specialty insurance consulting and other advisory services.
(4)    Policy fee revenue represents revenue earned for acting in the capacity of an MGA and fulfilling certain administrative functions on behalf of insurance company partners, including delivery of policy documents, processing payments and other administrative functions. Installment fee revenue represents revenue earned by the Company for providing payment processing services on behalf of insurance company partners related to policy premiums paid on an installment basis.
(5)    Assumed premium earned relates to the premiums earned in the Captive. Refer to Note 24 for additional information.
(6)    Other income includes other ancillary income, premium financing income, and marketing income that is based on agreed-upon cost reimbursement for fulfilling specific targeted Medicare marketing campaigns.
(7)    Investment income represents interest earnings on available cash invested in treasury money market funds.