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Notes and Accounts Receivable, net (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of Notes and Accounts Receivable

The following table presents the Company’s investments in loans measured at fair value and the Company’s investments in loans measured at fair value pledged as collateral:

			As of March 31, 2021																								As of December 31, 2020
			Fair value						Unpaid principal balance (UPB)						Fair value exceeds / (below) UPB						Pledged as Collateral						Fair value						Unpaid principal balance (UPB)						Fair value exceeds / (below) UPB						Pledged as Collateral
Insurance:
Corporate loans (1)			$	10,832					$	14,941					$	(4,109)					$	—					$	7,795					$	12,281					$	(4,486)					$	—
Mortgage:
Mortgage loans held for sale (2)			99,626						97,043						2,583						97,499						82,937						78,590						4,347						81,630
Total loans, at fair value			$	110,458					$	111,984					$	(1,526)					$	97,499					$	90,732					$	90,871					$	(139)					$	81,630

(1)    The cost basis of Corporate loans was approximately $13,463 and $11,282 at March 31, 2021 and December 31, 2020, respectively.

(2)    As of March 31, 2021 and December 31, 2020, there were two mortgage loans held for sale that were 90 days or more past due, respectively, with a fair value of $334 and $534, respectively.

The following table presents the total notes and accounts receivable, net:

			As of
			March 31, 2021						December 31, 2020
Notes receivable, net - premium financing program			$	62,807					$	62,075
Accounts and premiums receivable, net			94,846						95,269
Retrospective commissions receivable			135,494						131,760
Trust receivables			27,910						54,393
Other receivables			27,257						26,955
Total notes and accounts receivable, net			$	348,314					$	370,452

The following table presents the total valuation allowance and bad debt expense for the following periods:

			Valuation allowance												Bad Debt Expense
			As of March 31, 2021						As of December 31, 2020						Three Months Ended March 31,
															2021						2020
Notes receivable, net - premium financing program (1)			$	117					$	101					$	80					$	49
Accounts and premiums receivable, net			$	227					$	169					$	4					$	8

(1)    As of March 31, 2021 and December 31, 2020, there were $237 and $215 in balances classified as 90 days plus past due, respectively.

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- References

No definition available.

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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