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Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

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:

						June 30, 2022						December 31, 2021
Intangible assets subject to amortization						$	12,994					$	14,618
Indefinite-lived intangible assets(1)						3,757						3,757
Total						$	16,751					$	18,375

(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
June 30, 2022
Value of business acquired						—						$	42,788					$	(42,788)					$	—
Agency agreements acquired						4.8						34,661						(23,082)						11,579
Trade names acquired						1.8						6,381						(4,966)						1,415
Total												$	83,830					$	(70,836)					$	12,994
December 31, 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

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 2022 and over the next five years is as follows:

Year ending December 31,						Estimated Amortization Expense
Remaining in 2022						$	1,623
2023						3,246
2024						2,640
2025						2,438
2026						2,438
2027						609

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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
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ 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
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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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