Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2021

Intangible Assets and Goodwill

Schedule of intangible assets

	Weighted
	Average	Intangible				Intangible
	Useful Life	Assets,		Accumulated		Assets,
	(in years)	gross		Amortization		Net
Customer relationships	9.0	$	48,590	$	(5,006)	$	43,584
Acquired technology	6.0		19,565		(8,008)		11,557
Trademarks and tradenames	9.0		23,873		(2,009)		21,864
Non-compete agreements	2.0		410		(179)		231
Value of business acquired	1.0		400		(194)		206
Renewal rights	8.0		9,734		(486)		9,248
Insurance licenses	Indefinite		4,960		—		4,960
Total intangible assets		$	107,532	$	(15,882)	$	91,650

Intangible assets consist of the following, as of December 31, 2020:

	Weighted
	Average	Intangible				Intangible
	Useful Life	Assets,		Accumulated		Assets,
	(in years)	gross		Amortization		Net
Customer relationships	7.0	$	8,440	$	(2,173)	$	6,267
Acquired technology	6.0		12,170		(5,481)		6,689
Trademarks and tradenames	9.0		3,688		(893)		2,795
Non-compete agreements	2.0		225		(15)		210
Total intangible assets		$	24,523	$	(8,562)	$	15,961

Summary of changes in the carrying amount of goodwill

	Goodwill
Balance as of December 31, 2020	$	28,289
Acquisitions		142,750
Purchase price adjustments		(612)
Balance as of September 30, 2021	$	170,427