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Premiums Receivable
 12 Months Ended
Dec. 31, 2023
Insurance [Abstract]  
Premiums Receivable
3.
Premiums Receivable

Premiums receivable consist primarily of premium-related balances due from policyholders. The balance is shown net of the allowance for credit losses. The components of premiums receivable are shown below:

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Premiums receivable

 

$

137,535

 

 

$

126,565

 

Allowance for credit losses

 

 

(4,674

)

 

 

(4,852

)

Premiums receivable, net

 

$

132,861

 

 

$

121,713

 

 

The following summarizes the activity in the allowance for credit losses on premiums receivable:

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Balance, beginning of year

 

$

4,852

 

 

$

4,386

 

Provision for credit loss expense

 

 

648

 

 

 

1,011

 

Write-offs

 

 

(826

)

 

 

(545

)

Balance, end of year

 

$

4,674

 

 

$

4,852

 

Included in premiums receivable at December 31, 2023, 2022 and 2021 is the Company’s estimate for EBUB premium of $9.9 million, $8.6 million and $7.9 million, respectively.