Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

There were no changes in the carrying amount of goodwill during the three and nine months ended September 30, 2022 and 2021. No accumulated goodwill impairment losses existed at September 30, 2022 and December 31, 2021. Goodwill is reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during the three and nine months ended September 30, 2022 and 2021. All of the Company's goodwill is associated with the Property and Casualty business segment (See Note 13. Segment Information for additional information on the reportable business segment).

Other Intangible Assets

The following table presents the components of other intangible assets:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Useful Lives
	(Amounts in thousands)						(in years)
As of September 30, 2022:
Customer relationships	$	54,862	$	(53,385)	$	1,477	11
Trade names	15,400		(8,822)		6,578		24
Technology	4,300		(4,300)		—		10
Insurance license	1,400		—		1,400		Indefinite
Total other intangible assets, net	$	75,962	$	(66,507)	$	9,455
As of December 31, 2021:
Customer relationships	$	54,862	$	(53,065)	$	1,797	11
Trade names	15,400		(8,342)		7,058		24
Technology	4,300		(4,300)		—		10
Insurance license	1,400		—		1,400		Indefinite
Total other intangible assets, net	$	75,962	$	(65,707)	$	10,255

Other intangible assets are reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during the three and nine months ended September 30, 2022 and 2021.

Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Amortization expense for other intangible assets was $0.3 million for each of the three months ended September 30, 2022 and 2021, and $0.8 million for each of the nine months ended September 30, 2022 and 2021.

The following table presents the estimated future amortization expense related to other intangible assets as of September 30, 2022:

Year	Amortization Expense
	(Amounts in thousands)
Remainder of 2022	$	243
2023	879
2024	851
2025	807
2026	807
Thereafter	4,468
Total	$	8,055