CONSUMER LOANS (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Summary of the Investment in Consumer Loan Companies

The following table summarizes characteristics of the consumer loan portfolio measured at fair value under the fair value option election:

	UPB		Carrying Value		Weighted Average Coupon		Weighted Average Expected Life (Years)
December 31, 2024
SpringCastle	$	208,306	$	219,308	18.1	%	3.8
Marcus	559,317		446,257		11.0	%	1.0
Total Consumer Loans	$	767,623	$	665,565	12.9	%	1.8
December 31, 2023
SpringCastle	$	260,102	$	285,632	18.2	%	3.7
Marcus	1,048,672		988,373		10.5	%	1.2
Total Consumer Loans	$	1,308,774	$	1,274,005	12.0	%	1.7

Schedule Of Consumer Loans, Held-For-Investment

The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of consumer loans:

	December 31,
	2024						2023
Days Past Due	UPB		Carrying Value(A)		Carrying Value Over (Under) UPB		UPB		Carrying Value(A)		Carrying Value Over (Under) UPB
SpringCastle:
Current	$	203,923	$	214,746	$	10,823	$	255,441	$	280,577	$	25,136
90+	4,383		4,562		179		4,661		5,055		394
Total SpringCastle	208,306		219,308		11,002		260,102		285,632		25,530
Marcus:
Current	$	438,712	$	438,712	—		$	1,014,404	$	956,076	$	(58,328)
90+	120,605		7,545		(113,060)		34,268		32,297		(1,971)
Total Marcus	559,317		446,257		(113,060)		1,048,672		988,373		(60,299)
	$	767,623	$	665,565	$	(102,058)	$	1,308,774	$	1,274,005	$	(34,769)

(A)Consumer loans are carried at fair value. See Note 19 regarding fair value measurements.

Schedule of Carrying Value of Performing Consumer Loans

The following table summarizes the activity for consumer loans for the period:

Balance at December 31, 2022	$	363,756
Purchases	1,317,347
Additional fundings(A)	27,510
Proceeds from repayments	(446,124)
Accretion of loan discount and premium amortization, net	37,717
Fair Value Adjustments Due To:
Changes in instrument-specific credit risk	957
Other factors	(27,158)
Balance at December 31, 2023	1,274,005
Additional fundings(A)	24,091
Proceeds from repayments	(560,518)
Accretion of loan discount and premium amortization, net	27,914
Fair Value Adjustments Due To:
Changes in instrument-specific credit risk	(51,977)
Other factors	(47,950)
Balance at December 31, 2024	$	665,565

(A)Represents draws on consumer loans with revolving privileges.