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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets

The following table presents details of the Company’s intangible assets as of December 31, 2024:


(Dollars in thousands) Description		Weighted Average Amortization Period		Cost				Accumulated Amortization				Impairment				Net Value
Trademarks		Indefinite		$	4,800			$	—			$	—			$	4,800
Tradenames		Indefinite			4,200				—				—				4,200
State insurance licenses		Indefinite			5,000				—				—				5,000
Customer relationships		15 years			5,300				5,197				—				103
				$	19,300			$	5,197			$	—			$	14,103

The following table presents details of the Company’s intangible assets as of December 31, 2023:


(Dollars in thousands) Description		Weighted Average Amortization Period		Cost				Accumulated Amortization				Impairment				Net Value
Trademarks		Indefinite		$	4,800			$	—			$	—			$	4,800
Tradenames		Indefinite			4,200				—				—				4,200
State insurance licenses		Indefinite			5,000				—				—				5,000
Customer relationships		15 years			5,300				4,844				—				456
				$	19,300			$	4,844			$	—			$	14,456

Expected Amortization Expense

The Company expects that amortization expense for the next five years will be as follows:


(Dollars in thousands)
2025		$	103
2026			—
2027			—
2028			—
2029			—