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Notes and Accounts Receivable, net (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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)			$	2,099					$	5,197					$	(3,098)					$	—					$	7,795					$	12,281					$	(4,486)					$	—
Mortgage:
Mortgage loans held for sale (2)			87,227						83,960						3,267						84,823						82,937						78,590						4,347						81,630
Total loans, at fair value			$	89,326					$	89,157					$	169					$	84,823					$	90,732					$	90,871					$	(139)					$	81,630

(1)    The cost basis of Corporate loans was approximately $4,108 and $11,282 at September 30, 2021 and December 31, 2020, respectively.

(2)    As of September 30, 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 $332 and $534, respectively.

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

			As of
			September 30, 2021						December 31, 2020
Accounts and premiums receivable, net			$	150,412					$	95,269
Retrospective commissions receivable			145,904						131,760
Notes receivable, net - premium financing program			75,448						62,075
Trust receivables			47,682						54,393
Other receivables			23,704						26,955
Total notes and accounts receivable, net			$	443,150					$	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												Three Months Ended September 30,												Nine Months Ended September 30,
			September 30, 2021						December 31, 2020
															2021						2020						2021						2020
Notes receivable, net - premium financing program (1)			$	129					$	101					$	68					$	54					$	210					$	165
Accounts and premiums receivable, net			$	164					$	169					$	10					$	6					$	20					$	19

(1)    As of September 30, 2021 and December 31, 2020, there were $1,311 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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