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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of Business Acquisitions

The following table summarizes the final determination of the fair value amounts for the identifiable assets acquired, liabilities assumed, and goodwill, as described above, for the transactions completed during the three months ended March 31, 2020:

			2020 Acquisition
Assets:
Investments:
Available for sale securities, at fair value			$	110
Total investments			110
Cash and cash equivalents			120,934
Restricted cash			764
Notes and accounts receivable, net			6,214
Reinsurance receivables			71,337
Intangible assets, net			93,700
Other assets			34,053
Total assets			$	327,112
Liabilities:
Policy liabilities and unpaid claims			$	55,151
Deferred revenue			182,568
Reinsurance payable			27,075
Other liabilities and accrued expenses			10,860
Total liabilities			275,654
Net assets acquired			51,458
Goodwill			60,346
			$	111,804
Acquisition costs			$	3,539

Schedule of Finite-Lived Intangible Assets Acquired

The following table shows the values recorded by the Company, as of the acquisition date, for finite-lived intangible assets and the range of their estimated amortization period:

Intangible Assets			Weighted Average Amortization Period (in Years)						Value as of acquisition date
Customer relationships			7.2						$	86,000
Software licensing			5.0						600
Trade names			13.5						7,100
Total acquired finite-lived intangible assets			7.7						$	93,700

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- References

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: 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

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