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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Our major classes of intangible assets are presented in the following table:
Year Ended December 31,
20252024
Agency relationships, cost$10,338 $10,338 
Accumulated amortization(10,194)(9,617)
Agency relationships, carrying value$144 $721 
Trade names, cost$1,978 $1,978 
Accumulated amortization(1,945)(1,813)
Trade names, carrying value$33 $165 
State insurance licenses(1)
$3,020 $3,020 
Net intangible assets$3,197 $3,906 
(1) The intangible asset for licenses has an indefinite life and therefore is not amortized.
The estimated useful lives assigned to our major classes of amortizable intangible assets are as follows:
Useful Life
Agency relationshipsFifteen years
Trade namesFifteen years
Aggregate amortization expense for intangible assets totaled $709 for each of the years ended December 31, 2025, 2024, and 2023. The last year of remaining estimated aggregate amortization expense of $177 is 2026. In 2025 and 2024 we performed a qualitative impairment assessment of our indefinite lived intangible assets. There have been no impairment losses recorded relating to intangible assets for the years ended December 31, 2025 and 2024. There is no expected significant residual value relating to our intangible assets.