Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 12

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 12
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 - workers’ compensation end of period$688 $748  ____________________________________(1)Funds held for clients represent amounts held on behalf of our Traditional HR Solution customers that are restricted for the purpose of satisfying obligations to remit funds to clients’ employees and various tax authorities.

Please read Note 2. “Accounting Policies,” for a discussion of our accounting policies for deposits – workers’ compensation and restricted cash.  

4.Fair Value MeasurementsWe account for our financial assets in accordance with ASC 820, Fair Value Measurement. This standard defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The fair value measurement disclosures are grouped into three levels based on valuation factors:•Level 1 - quoted prices in active markets using identical assets•Level 2 - significant other observable inputs, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other observable inputs•Level 3 - significant unobservable inputs

Insperity | 2025 Third Quarter Form 10-Q16

         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Fair Value of Instruments Measured and Recognized at Fair ValueThe following table summarizes the levels of fair value measurements of our financial assets:September 30, 2025December 31, 2024(in millions)TotalLevel 1TotalLevel 1Money market funds$416 $416 $1,048 $1,048 U.S. Treasury bills18 18 16 16 434 434 1,064 1,064 Deposits - money market funds226 226 241 241 Total$660 $660 $1,305 $1,305 Please read Note 3. “Other Balance Sheet Information,” for additional information.Our valuation techniques used to measure fair value for these securities during the period consisted primarily of third-party pricing services that utilized actual market data such as trades of comparable bond issues, broker/dealer quotations for the same or similar investments in active markets and other observable inputs.The following is a summary of our available-for-sale marketable securities:(in millions)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueSeptember 30, 2025U.S. Treasury bills$18 $— $— $18 December 31, 2024U.S. Treasury bills$16 $— $— $16 As of September 30