The following table details the changes in the Company’s reserve allowance for credit losses for trade receivables, fixed maturities and investments, other:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
|
|
|
Trade Receivables |
|
|
Investments, Fixed Maturities |
|
|
Investments, other |
|
|
Total |
|
|
|
(Unaudited) |
|
|
|
(in thousands) |
|
Balance as of March 31, 2024 |
|
$ |
6,236 |
|
|
$ |
1,052 |
|
|
$ |
817 |
|
|
$ |
8,105 |
|
Provision for (reversal of) credit losses |
|
|
10,534 |
|
|
|
2,052 |
|
|
|
(369 |
) |
|
|
12,217 |
|
Write-offs against allowance |
|
|
(11,688 |
) |
|
|
— |
|
|
|
— |
|
|
|
(11,688 |
) |
Recoveries |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance as of March 31, 2025 |
|
$ |
5,082 |
|
|
$ |
3,104 |
|
|
$ |
448 |
|
|
$ |
8,634 |
|
Provision for (reversal of) credit losses |
|
|
3,359 |
|
|
|
685 |
|
|
|
— |
|
|
|
4,044 |
|
Write-offs against allowance |
|
|
(4,943 |
) |
|
|
— |
|
|
|
— |
|
|
|
(4,943 |
) |
Recoveries |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance as of December 31, 2025 |
|
$ |
3,498 |
|
|
$ |
3,789 |
|
|
$ |
448 |
|
|
$ |
7,735 |
|
|