XML 26 R13.htm IDEA: XBRL DOCUMENT v3.25.1

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

There were no changes in the carrying amount of goodwill during the three months ended March 31, 2025 and 2024. No accumulated goodwill impairment losses existed at March 31, 2025 and December 31, 2024. Goodwill is reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during the three months ended March 31, 2025 and 2024. All of the Company's goodwill is associated with the Property and Casualty

business segment. See Note 13. Segment Information for additional information on the reportable business segment.

Other Intangible Assets

The following table presents the components of other intangible assets:

			Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Useful Lives
			(Amounts in thousands)																		(in years)
As of March 31, 2025:
Customer relationships			$	55,107					$	(54,012)					$	1,095					10
Trade names			15,400						(10,427)						4,973						24
Technology			4,300						(4,300)						—						10
Insurance license			1,400						—						1,400						Indefinite
Total other intangible assets, net			$	76,207					$	(68,739)					$	7,468
As of December 31, 2024:
Customer relationships			$	55,107					$	(53,958)					$	1,149					10
Trade names			15,400						(10,267)						5,133						24
Technology			4,300						(4,300)						—						10
Insurance license			1,400						—						1,400						Indefinite
Total other intangible assets, net			$	76,207					$	(68,525)					$	7,682

Other intangible assets are reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during the three months ended March 31, 2025 and 2024.

Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Amortization expense for other intangible assets was $0.2 million for each of the three-month periods ended March 31, 2025 and 2024.

The following table presents the estimated future amortization expense related to other intangible assets as of March 31, 2025:

Year						Amortization Expense
						(Amounts in thousands)
Remainder of 2025						$	642
2026						856
2027						856
2028						856
2029						811
Thereafter						2,047
Total						$	6,068

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration