Revenue (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Performance Obligation

The following table disaggregates revenue by our two performance obligations for the three months ended March 31:

(in thousands)	2026		2025
Management fee revenue - policy issuance and renewal services	$	786,399	$	755,049
Management fee revenue - administrative services	19,475		17,645
Administrative services reimbursement revenue	200,096		210,273
Total revenue from administrative services	$	219,571	$	227,918