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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | The following table shows an analysis of goodwill and intangible assets:
| Goodwill |  | Intangible assets (indefinite life) |  | Intangible assets (finite life) |  | Total
Net balance at Dec. 31, 2018 | $ | 249,620 |  |  | $ | 61,874 |  |  | $ | 323,426 |  |  | $ | 634,920 |
Acquisitions | 74,780 |  |  | 24,431 |  |  | 82,482 |  |  | 181,693 |
Amortization | — |  |  | — |  |  | (82,104) |  |  | (82,104) |
Impairment (1) | — |  |  | (1,000) |  |  | — |  |  | (1,000) |
Foreign currency movements and other adjustments | 2,151 |  |  | 606 |  |  | 1,817 |  |  | 4,574 |
Net balance at Dec. 31, 2019 | 326,551 |  |  | 85,911 |  |  | 325,621 |  |  | 738,083 |
Acquisitions (2) | — |  |  | — |  |  | 39,178 |  |  | 39,178 |
Amortization | — |  |  | — |  |  | (69,031) |  |  | (69,031) |
Impairment | — |  |  | — |  |  | — |  |  | — |
Foreign currency movements and other adjustments | (11,922) |  |  | (6,692) |  |  | 3,247 |  |  | (15,367) |
Net balance at Dec. 31, 2020 | $ | 314,629 |  |  | $ | 79,219 |  |  | $ | 299,015 |  |  | $ | 692,863 |
Gross balance at Dec. 31, 2020 | $ | 318,043 |  |  | $ | 77,896 |  |  | $ | 784,921 |  |  | $ | 1,180,860 |
Accumulated amortization | — |  |  | — |  |  | (489,828) |  |  | (489,828) |
Foreign currency movements and other adjustments | (3,414) |  |  | 1,323 |  |  | 3,922 |  |  | 1,831 |
Net balance at Dec. 31, 2020 | $ | 314,629 |  |  | $ | 79,219 |  |  | $ | 299,015 |  |  | $ | 692,863 |
(1) The impairment to the indefinite-lived intangible assets during the year ended December 31, 2019 of $1.0 million related to insurance licenses from the acquisition of UGC. (2) Certain amounts for the Company’s 2020 acquisitions are considered provisional. The following table presents the components of goodwill and intangible assets:
| Gross Balance |  | Accumulated Amortization |  | Foreign Currency Translation Adjustment and Other |  | Net Balance
Dec. 31, 2020 |  |  |  |  |  |  |
Acquired insurance contracts | $ | 451,505 |  |  | $ | (381,349) |  |  | $ | 284 |  |  | $ | 70,440 |
Operating platform | 52,674 |  |  | (44,347) |  |  | 60 |  |  | 8,387 |
Distribution relationships | 285,141 |  |  | (71,383) |  |  | 3,450 |  |  | 217,208 |
Goodwill | 318,043 |  |  | — |  |  | (3,414) |  |  | 314,629 |
Insurance licenses | 55,981 |  |  | — |  |  | — |  |  | 55,981 |
Syndicate capacity | 21,915 |  |  | — |  |  | 1,324 |  |  | 23,239 |
Unfavorable service contract | (9,533) |  |  | 9,147 |  |  | — |  |  | (386) |
Other | 5,134 |  |  | (1,896) |  |  | 127 |  |  | 3,365 |
Total | $ | 1,180,860 |  |  | $ | (489,828) |  |  | $ | 1,831 |  |  | $ | 692,863 |
Dec. 31, 2019 |  |  |  |  |  |  |
Acquired insurance contracts | $ | 452,470 |  |  | $ | (336,559) |  |  | $ | 310 |  |  | $ | 116,221 |
Operating platform | 52,674 |  |  | (39,571) |  |  | (259) |  |  | 12,844 |
Distribution relationships | 243,838 |  |  | (50,542) |  |  | 212 |  |  | 193,508 |
Goodwill | 331,448 |  |  | — |  |  | (4,897) |  |  | 326,551 |
Insurance licenses | 63,390 |  |  | — |  |  | — |  |  | 63,390 |
Syndicate capacity | 21,915 |  |  | — |  |  | 605 |  |  | 22,520 |
Unfavorable service contract | (9,533) |  |  | 8,657 |  |  | — |  |  | (876) |
Other | 5,134 |  |  | (1,279) |  |  | 70 |  |  | 3,925 |
Total | $ | 1,161,336 |  |  | $ | (419,294) |  |  | $ | (3,959) |  |  | $ | 738,083 |
The estimated remaining amortization expense for the Company’s intangible assets with finite lives is as follows:
2021 | $ | 56,269 |
2022 | 42,211 |
2023 | 40,014 |
2024 | 34,985 |
2025 | 19,919 |
2026 and thereafter | 105,617 |
Total | $ | 299,015 |
The estimated remaining useful lives of these assets range from one to sixteen years at December 31, 2020. Other than the impairments described above, the Company’s annual impairment reviews for goodwill and intangible assets did not result in the recognition of impairment losses for 2020 and 2019

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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