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REVENUES
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
The following table presents the disaggregation of revenues by major source (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Commission income$48,240 $43,993 $139,447 $122,451 
Contingent income1,383 1,035 3,717 3,023 
Fee income
Policy fees1,064 580 2,510 1,656 
Branch fees1,172 824 3,523 2,134 
License fees495 555 1,454 2,090 
TPA fees159 148 324 463 
Other income2,127 575 3,244 1,125 
Total revenues
$54,640 $47,710 $154,219 $132,942 
The Company operates through two primary offerings, which are Insurance Services and TWFG MGA. The following table presents the disaggregation of revenues by offerings (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Insurance Services
Agency-in-a-box$34,000 $35,895 $100,418 $102,539 
Corporate Branches9,234 1,755 25,861 4,259 
TWFG MGA9,490 9,538 25,213 24,417 
Other1,916 522 2,727 1,727 
Total revenues
$54,640 $47,710 $154,219 $132,942 
As of September 30, 2024 and December 31, 2023, the Commissions receivable reported in the Condensed Consolidated Statements of Financial Position had a balance of $22.9 million and $19.1 million, respectively, and had an opening balance of $15.0 million as of January 1, 2023. As of September 30, 2024, the aging of Commissions receivable is 61.9% for current, 6.7% for 31-60 days and the remainder is over 61 days. As of December 31, 2023, the aging of commissions receivable is 73.2% for current, 8.8% for 31-60 days and the remainder is over 61 days. The Company has no contract liabilities as of September 30, 2024, December 31, 2023, and January 1, 2023.
Other than The Progressive Corporation, which accounted for 11% and 12% of total revenues for the three and nine months ended September 30, 2024, respectively, and 10% and 11% of total revenues for the three and nine months ended September 30, 2023, respectively, no other customers individually accounted for 10% or more of the Company’s total revenues for the three and nine months ended September 30, 2024 and 2023.