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Notes and Accounts Receivable, net (Tables)

9 Months Ended

Sep. 30, 2022

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, 2022																								As of December 31, 2021
			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)			$	12,584					$	14,888					$	(2,304)					$	—					$	7,099					$	10,156					$	(3,057)					$	—
Mortgage:
Mortgage loans held for sale (2)			58,200						58,985						(785)						57,165						98,484						95,264						3,220						95,542
Total loans, at fair value			$	70,784					$	73,873					$	(3,089)					$	57,165					$	105,583					$	105,420					$	163					$	95,542

(1)    The cost basis of Corporate loans was approximately $14,888 and $9,094 at September 30, 2022 and December 31, 2021, respectively.

(2)    As of September 30, 2022, there were no mortgage loans held for sale that were 90 days or more past due. As of December 31, 2021, there was one mortgage loan held for sale that was 90 days or more past due, with a fair value of $136.

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

			As of
			September 30, 2022						December 31, 2021
Accounts and premiums receivable, net			$	141,251					$	137,082
Retrospective commissions receivable			178,263						157,853
Notes receivable, net - premium financing program			114,091						89,788
Trust receivables			15,256						41,889
Other receivables			33,124						27,757
Total notes and accounts receivable, net			$	481,985					$	454,369

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, 2022						December 31, 2021
															2022						2021						2022						2021
Notes receivable, net - premium financing program (1)			$	95					$	123					$	39					$	68					$	129					$	210
Accounts and premiums receivable, net			$	81					$	120					$	9					$	10					$	54					$	20

(1)    As of September 30, 2022 and December 31, 2021, there were $239 and $1,311 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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