Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 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 2022 and 2021. No accumulated goodwill impairment losses existed at December 31, 2022 and 2021. Goodwill is reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during 2022 and 2021. The Company considered the potential impact of the COVID-19 pandemic on the market factors affecting the fair values of the reporting units in its annual impairment review in 2022 and 2021, and determined such factors did not indicate a goodwill impairment for any of the reporting units with goodwill. All of the Company's goodwill is associated with the Property and Casualty business segment (See Note 19. 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 December 31, 2022
Customer relationships	$	54,862	$	(53,467)	$	1,395	11
Trade names	15,400		(8,983)		6,417		24
Technology	4,300		(4,300)		—		10
Insurance license	1,400		—		1,400		Indefinite
Total intangible assets, net	$	75,962	$	(66,750)	$	9,212
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 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 2022 and 2021.

Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Other intangible assets amortization expense was $1.0 million, $1.1 million, and $1.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. None of the intangible assets with definite useful lives are anticipated to have a residual value.

The following table presents the estimated future amortization expense related to other intangible assets as of December 31, 2022:

Year Ending December 31,	Amortization Expense
	(Amounts in thousands)
2023	$	879
2024	851
2025	807
2026	807
2027	807
Thereafter	3,661
Total	$	7,812