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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill | The following is a summary of intangible assets excluding goodwill recorded as intangible assets on our Unaudited Condensed Consolidated Balance Sheets:
|  | March 31, 2021 |  | December 31, 2020
Intangible assets subject to amortization |  | $ | 17,130 |  |  | $ | 18,173 |
Indefinite-lived intangible assets(1) |  | 3,757 |  |  | 3,757 |
Total |  | $ | 20,887 |  |  | $ | 21,930 |
(1) Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | Intangible assets subject to amortization consisted of the following:
|  | Weighted-average remaining amortization period (in years) |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
March 31, 2021 |  |  |  |  |  |  |  |
Value of business acquired |  | — |  | $ | 42,788 |  |  | $ | (42,788) |  |  | $ | — |
Agency agreements acquired |  | 6.0 |  | 34,661 |  |  | (19,957) |  |  | 14,704 |
Trade names acquired |  | 3.0 |  | 6,381 |  |  | (3,955) |  |  | 2,426 |
Total |  |  |  | $ | 83,830 |  |  | $ | (66,700) |  |  | $ | 17,130 |
December 31, 2020 |  |  |  |  |  |  |  |
Value of business acquired |  | — |  | $ | 42,788 |  |  | $ | (42,788) |  |  | $ | — |
Agency agreements acquired |  | 6.1 |  | 34,661 |  |  | (19,116) |  |  | 15,545 |
Trade names acquired |  | 3.3 |  | 6,381 |  |  | (3,753) |  |  | 2,628 |
Total |  |  |  | $ | 83,830 |  |  | $ | (65,657) |  |  | $ | 18,173 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated amortization expense of our intangible assets to be recognized by the Company during the remainder of 2021 and over the next five years is as follows:
Year ending December 31, |  | Estimated Amortization Expense
Remaining in 2021 |  | $ | 2,512 |
2022 |  | 3,246 |
2023 |  | 3,246 |
2024 |  | 2,640 |
2025 |  | 2,438 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + 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 + Details
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- 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
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