Other Assets

12 Months Ended

Dec. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

Note 11 -- Other Assets

The following table summarizes the Company’s other assets:

	December 31,
	2023		2022
Benefits receivable related to retrospective reinsurance contracts	$	44,289	$	16,317
Reimbursement and fees receivable under TPA service		629		7,303
Prepaid expenses		2,882		2,826
Deposits		409		491
Lease acquisition costs, net		833		832
Other		1,323		3,902
Total other assets	$	50,365	$	31,671

On February 27, 2023, United’s Florida-domiciled residential insurance subsidiary was placed into receivership by the State of Florida due to its financial insolvency. As a result, the Company ceased providing TPA services to United in March 2023. On October 26, 2023, the Company received $4,875 in payment for reimbursement and fees receivable under TPA service.

Management reviewed the collectability of the reimbursement receivable under TPA service and other amounts receivable attributable to this service as of December 31, 2023 and, considering the balance of funds withheld for assumed business as of December 31, 2023, determined that an allowance for credit losses is not necessary for the reimbursement receivable under TPA service or the other amounts receivable attributable to this service.