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Intangible Assets | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets Identifiable intangible assets consist of the following ($ in millions):
|  |  |  | December 31, 2025 |  | December 31, 2024
|  | Weighted Average Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Insurance licenses |  | Indefinite |  | $ | 7.5 |  |  | $ | — |  |  | $ | 7.5 |  |  | $ | 7.5 |  |  | $ | — |  |  | $ | 7.5 |
Trademark |  | Indefinite |  | 0.6 |  |  | — |  |  | 0.6 |  |  | 0.6 |  |  | — |  |  | 0.6 |
Technology |  | 3 |  | 28.0 |  |  | 28.0 |  |  | — |  |  | 28.0 |  |  | 22.5 |  |  | 5.5 |
VOBA |  | 0.5 |  | 1.7 |  |  | 1.7 |  |  | — |  |  | 1.7 |  |  | 1.7 |  |  | — |
|  |  |  | $ | 37.8 |  |  | $ | 29.7 |  |  | $ | 8.1 |  |  | $ | 37.8 |  |  | $ | 24.2 |  |  | $ | 13.6 |
Intangible assets noted in the above table were acquired as part of the Metromile acquisition except for trademark associated with the Company’s name which was acquired in 2019. The Company intends to maintain the trademark and renewals will take place as needed. Amortization expense amounted to $5.5 million and $9.3 million for the year ended December 31, 2025 and 2024, respectively, and is included in “General and administrative expense” in the consolidated statements of operations and comprehensive income (loss).

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