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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS Goodwill The carrying amount of goodwill at June 30, 2025 and December 31, 2024 was $59,476,000. There was no goodwill acquired, disposed of or impaired during the six months ended June 30, 2025 and 2024. Intangible Assets The following is a summary of intangible assets excluding goodwill recorded as intangible assets on the Company's Unaudited Condensed Consolidated Balance Sheets:
|  | June 30, 2025 |  |  | December 31, 2024 |
Intangible assets subject to amortization |  | $ | 4,266 |  |  | $ | 5,485 |
Indefinite-lived intangible assets(1) |  |  | 423 |  |  |  | 423 |
Total |  | $ | 4,689 |  |  | $ | 5,908 |
(1) Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses. Intangible assets subject to amortization and not fully amortized consisted of the following:
|  | Weighted-average remaining amortization period (in years) |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Agency agreements acquired |  |  | 1.8 |  |  | $ | 34,661 |  |  | $ | (30,395 | ) |  | $ | 4,266 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Agency agreements acquired |  |  | 2.3 |  |  | $ | 34,661 |  |  | $ | (29,176 | ) |  | $ | 5,485 |
No impairment in the value of amortizing or non-amortizing intangible assets was recognized during the six months ended June 30, 2025 and 2024. Amortization expense of the Company's intangible assets was $610,000 and $609,000 for the three months ended June 30, 2025 and 2024, respectively. Amortization expense of the Company's intangible assets was $1,219,000 and $1,421,000 for the six months ended June 30, 2025 and 2024, respectively. Estimated amortization expense of the Company's intangible assets to be recognized by the Company during the remainder of 2025 and over the next five years is as follows:
Year ending December 31, |  | Estimated Amortization Expense |
Remaining in 2025 |  | $ | 1,219 |
2026 |  |  | 2,438 |
2027 |  |  | 609 |
2028 |  |  | — |
2029 |  |  | — |
2030 |  |  | — |

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- Definition The entire disclosure for goodwill and intangible assets. + References 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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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