Credit Losses

6 Months Ended

Jun. 30, 2023

Credit Loss [Abstract]

Credit Loss, Financial Instrument

Premiums receivable

Premiums receivable balances are carried at face value, net of any allowance for credit losses. The allowance for credit losses represents an estimate of amounts considered uncollectible based on the Company’s assessment of the collectability of receivables that are past due. The estimate considers historical loss data, current and future economic conditions and specific identification of collectability concerns, where applicable. The following table presents the change in the allowance for credit losses for premiums receivable for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
Beginning balance	$	10,127	$	5,041	$	8,067	$	3,391
Current period change for estimated uncollectible premiums	2,711		928		5,118		2,944
Write-offs of uncollectible premiums receivable	(671)		(357)		(1,018)		(723)
Ending balance	$	12,167	$	5,612	$	12,167	$	5,612