Revenue from Contracts With Customers |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contract with Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contracts With Customers |
REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue
The following table summarizes revenue from contracts with customers by Specialty:
Contract Balances
The contract assets balance, which is included within Commissions and fees receivable – net on the Consolidated Balance
Sheets, was $35.6 million and $13.4 million as of December 31, 2024 and 2023, respectively. The contract liability balance
related to deferred revenue, which is included in Accounts payable and accrued liabilities on the Consolidated Balance
Sheets, was $8.7 million and $7.8 million as of December 31, 2024 and 2023, respectively. During the year ended
December 31, 2024, $7.5 million of the contract liabilities outstanding as of December 31, 2023, were recognized in
revenue.
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- References No definition available.
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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