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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The goodwill and intangible assets historically recognized by the Company had been assigned to our Diversified Reinsurance segment. Please refer to "Note 6. Discontinued Operations" for further details regarding the impairment of these assets. The following table shows the change in the carrying value of goodwill and intangible assets previously held by the Company:
 
 
Goodwill
 
Intangible Assets
 
Total
December 31, 2016
 
$
57,192

 
$
20,523

 
$
77,715

Amortization
 
—

 
(2,132
)
 
(2,132
)
December 31, 2017
 
$
57,192

 
$
18,391

 
$
75,583

Amortization
 
—

 
(1,387
)
 
(1,387
)
Impairment losses
 
(57,192
)
 
(17,004
)
 
(74,196
)
December 31, 2018
 
$
—

 
$
—

 
$
—


The goodwill and intangible assets are subject to annual impairment testing on October 1 or when “triggering events” occur or circumstances change that could potentially reduce the fair value of a reporting unit below its carrying amount. Goodwill is considered impaired if the carrying amount of the reporting unit exceeds the fair value. The sale of our U.S. treaty reinsurance operations resulted in a triggering event and consequently during the year ended December 31, 2018, the Company has written off the remaining balance of goodwill and intangible assets. The goodwill and intangible assets were deemed to be permanently impaired due to the sale of the U.S. treaty reinsurance operations. The Company recognized an impairment loss of $74,196 as a result of these dispositions, which is presented in the Consolidated Statements of Income as part of the loss from discontinued operations for the year ended December 31, 2018 (2017 - $0, 2016 - $1,800).
The following tables show the analysis of goodwill and intangible assets that are included in the balance sheet as a component of assets held for sale at December 31, 2017:
December 31, 2017
 
Gross
 
Accumulated Amortization
 
Accumulated Impairment
 
Net
 
Useful Life
Goodwill
 
$
58,992

 
$
—

 
$
(1,800
)
 
$
57,192

 
Indefinite
State licenses
 
4,527

 
—

 
—

 
4,527

 
Indefinite
Customer relationships
 
51,400

 
(37,536
)
 
—

 
13,864

 
15 years double declining
Net balance
 
$
114,919

 
$
(37,536
)
 
$
(1,800
)
 
$
75,583