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Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Statement of Financial Position [Abstract] |
Goodwill and Intangible Assets Disclosure | 11. GOODWILL AND INTANGIBLE ASSETS The following table presents a rollforward of goodwill at December 31, 2024 and 2023.
December 31, |  | 2024 |  | 2023
Beginning balance |  | $ | 69,694 |  |  | $ | 46,050 |
Business acquisitions |  | 357,316 |  |  | 8,791 |
Gain (loss) on foreign currency translation |  | (8,776) |  |  | — |
Impairments |  | — |  |  | — |
Ending balance |  | $ | 418,234 |  |  | $ | 69,694 |
Intangible asset and accumulated amortization are included in the Consolidated Balance Sheets, as shown below.
|  | Cost |  | Accumulated Amortization |  | Net Carrying Amount
December 31, 2024 |  |  |  |  |  |
Finite-lived Intangible Assets: |  |  |  |  |  |
Customer relationships |  | $ | 348,350 |  |  | $ | 24,630 |  |  | $ | 323,720 |
Non-compete agreements |  | 1,350 |  |  | 1,080 |  |  | 270 |
Trade names |  | 10,767 |  |  | 1,195 |  |  | 9,572 |
Total finite-lived intangible assets |  | 360,467 |  |  | 26,905 |  |  | 333,562 |
Indefinite-lived Intangible Assets: |  |  |  |  |  |
Insurance licenses |  | 11,213 |  |  | — |  |  | 11,213 |
Total intangible assets |  | $ | 371,680 |  |  | $ | 26,905 |  |  | $ | 344,775 |
December 31, 2023 |  |  |  |  |  |
Finite-lived Intangible Assets: |  |  |  |  |  |
Customer relationships |  | $ | 52,878 |  |  | $ | 8,293 |  |  | $ | 44,585 |
Non-compete agreements |  | 1,350 |  |  | 810 |  |  | 540 |
Trade names |  | 2,755 |  |  | 602 |  |  | 2,153 |
Total finite-lived intangible assets |  | 56,983 |  |  | 9,705 |  |  | 47,278 |
Indefinite-lived Intangible Assets: |  |  |  |  |  |
Insurance licenses |  | $ | 14,125 |  |  | $ | — |  |  | $ | 14,125 |
Total intangible assets |  | $ | 71,108 |  |  | $ | 9,705 |  |  | $ | 61,403 |
Amortization Expense: Amortization expense is included in the Consolidated Statements of Total Comprehensive Income (Loss), as shown below.
Year ended December 31, |  | 2024 |  | 2023 |  | 2022
Customer relationships |  | 16,739 |  |  | 3,622 |  |  | 2,472 |
Non-compete |  | 270 |  |  | 270 |  |  | 270 |
Trade names |  | 593 |  |  | 260 |  |  | 179 |
Total (1) |  | $ | 17,602 |  |  | $ | 4,152 |  |  | $ | 2,921 |
(1)The weighted-average amortization period 5.0 years. The estimated future amortization expense for finite-lived intangible assets is as follows:
Amortization Expense |  | Total
2025 |  | $ | 34,847 |
2026 |  | 34,508 |
2027 |  | 34,508 |
2028 |  | 34,504 |
2029 |  | 34,345 |
Thereafter |  | 160,850 |

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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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- References No definition available. + Details
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