Subsequent Events |
9 Months Ended |
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Sep. 30, 2024 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
The Company has evaluated subsequent events through October 31, 2024, and has concluded that no events have occurred
that require disclosure other than the events listed below.
On October 1, 2024, the Company completed the acquisition of certain assets of EverSports & Entertainment Insurance,
Inc., an MGU focused on sports, leisure, and entertainment headquartered in Carmel, Indiana, for approximately $45.0
million cash consideration. This acquisition will include contingent consideration in its final purchase price, however, the
Company has not yet completed the valuation of the contingent consideration or the purchase price allocation to the
acquired assets and liabilities as of the date of this filing.
On October 30, 2024, the Company’s Board of Directors approved a quarterly cash dividend of $0.11 per share of
outstanding Class A common stock. The quarterly dividend will be payable on November 26, 2024, to shareholders of
record of Class A common stock as of the close of business on November 12, 2024. Any future dividends will be subject to
the approval of the Company’s Board of Directors.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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