XML 52 R23.htm IDEA: XBRL DOCUMENT
v3.22.1

Goodwill and Intangible Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | The carrying amount of goodwill by reporting unit as of March 31, 2022 was as follows:
($ in millions) |  | December 31, 2021 |  | Impairment |  | Acquisition |  | March 31, 2022
Property & Casualty |  | $ | 9.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 9.5 |
Life & Retirement |  | 14.4 |  |  | — |  |  | — |  |  | 14.4 |
Supplemental & Group Benefits |  | 19.6 |  |  | — |  |  | 12.8 |  |  | 32.4 |
Total |  | $ | 43.5 |  |  | $ | — |  |  | $ | 12.8 |  |  | $ | 56.3 |
Summary of finite-lived intangible assets | As of March 31, 2022 the outstanding amounts of definite-lived intangible assets subject to amortization were as follows:
($ in millions) |  | Weighted Average |  |
|  | Useful Life (in Years) |  |
At inception: |  |  |  |
Value of business acquired |  | 28 |  | $ | 100.1 |
Value of distribution acquired |  | 17 |  | 54.0 |
Value of agency relationships |  | 14 |  | 17.0 |
Value of customer relationships |  | 10 |  | 59.9 |
Total |  | 20 |  | 231.0 |
Accumulated amortization and impairments: |  |  |  |
Value of business acquired |  |  |  | (20.5) |
Value of distribution acquired |  |  |  | (12.4) |
Value of agency relationships |  |  |  | (6.7) |
Value of customer relationships |  |  |  | (4.5) |
Total |  |  |  | (44.1) |
Net intangible assets subject to amortization: |  |  |  | $ | 186.9 |
Future amortization expense | Estimated future amortization of the Company's definite-lived intangible assets were as follows:
($ in millions) |  |
Year Ending December 31, |  |
2022 (excluding the three months ended March 31, 2022) |  | $ | 12.6 |
2023 |  | 15.5 |
2024 |  | 15.1 |
2025 |  | 14.8 |
2026 |  | 14.5 |
Thereafter |  | 114.4 |
Total |  | $ | 186.9 |
Summary of indefinite-lived intangible assets | Indefinite-lived intangible assets (not subject to amortization) as of March 31, 2022 were as follows:
($ in millions) |  |
Trade names |  | $ | 7.9 |
State licenses |  | 5.8 |
Total |  | $ | 13.7 |

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 Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration