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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 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 other assets on our Consolidated Balance Sheets at:

						December 31, 2021						December 31, 2020
Intangible assets subject to amortization						$	14,618					$	18,173
Indefinite-lived intangible assets(1)						3,757						3,757
Total						$	18,375					$	21,930

(1) Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense of our intangible assets to be recognized by the Company over the next five years is as follows:

Year ending December 31,						Estimated Amortization Expense
2022						$	3,246
2023						3,246
2024						2,640
2025						2,438
2026						2,438

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
2021
Value of Business Acquired						—						$	42,788					$	(42,788)					$	—
Agency agreements acquired						5.3						34,661						(21,863)						12,798
Trade names acquired						2.3						6,381						(4,561)						1,820
Total												$	83,830					$	(69,212)					$	14,618
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

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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