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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024						December 31, 2023
Intangible assets subject to amortization						$	7,313					$	8,125
Indefinite-lived intangible assets(1)						1,198						1,198
Total						$	8,511					$	9,323

(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, 2024
Value of business acquired						—						$	42,788					$	(42,788)					$	—
Agency agreements acquired						3.0						34,661						(27,348)						7,313
Trade names acquired						—						6,381						(6,381)						—
Total												$	83,830					$	(76,517)					$	7,313
December 31, 2023
Value of business acquired						—						$	42,788					$	(42,788)					$	—
Agency agreements acquired						3.3						34,661						(26,738)						7,923
Trade names acquired						0.3						6,381						(6,179)						202
Total												$	83,830					$	(75,705)					$	8,125

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 2024 and over the next five years is as follows:

Year ending December 31,						Estimated Amortization Expense
Remaining in 2024						$	1,829
2025						2,438
2026						2,438
2027						608
2028						—
2029						—

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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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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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

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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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-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
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-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

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