Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

11.Goodwill and Other Intangibles

Goodwill

The following table presents the carrying amount of the Company’s goodwill by segment:

	December 31,
	2021		2020
Non-standard auto from acquisition of Primero	$	2,628	$	2,628
Commercial from acquisition of Westminster		6,756		6,756
Total	$	9,384	$	9,384

Other Intangible Assets

The following table presents the carrying amount of the Company’s other intangible assets:

December 31, 2021	Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization:
Trade names	$	748	$	265	$	483
Distribution network		6,700		745		5,955
Total subject to amortization		7,448		1,010		6,438

Not subject to amortization – state insurance licenses		1,900		-		1,900
Total	$	9,348	$	1,010	$	8,338

December 31, 2020	Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization:
Trade names	$	748	$	166	$	582
Distribution network		6,700		372		6,328
Total subject to amortization		7,448		538		6,910

Not subject to amortization – state insurance licenses		1,900		-		1,900
Total	$	9,348	$	538	$	8,810

Amortization expense was $472, $5,224, and $1,711 during the years ended December 31, 2021, 2020 and 2019, respectively. The VOBA intangible asset of $4,750 acquired in the Westminster transaction was fully amortized during 2020.

Table of Contents

Other intangible assets that have finite lives, including trade names and distribution networks, are amortized over their useful lives. As of December 31, 2021, the estimated amortization of other intangible assets with finite lives for the next five years in the period ended December 31, 2026, and thereafter is as follows:

Year ending December 31,	Amount
2022	$	472
2023		455
2024		422
2025		422
2026		422
Thereafter		4,245
Total other intangible assets with finite lives	$	6,438