Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2023

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 six months ended June 30, 2023 and 2022. No accumulated goodwill impairment losses existed at June 30, 2023 and December 31, 2022. Goodwill is reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during the three and six months ended June 30, 2023 and 2022. 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 June 30, 2023:
Customer relationships	$	54,862	$	(53,586)	$	1,276	11
Trade names	15,400		(9,304)		6,096		24
Technology	4,300		(4,300)		—		10
Insurance license	1,400		—		1,400		Indefinite
Total other intangible assets, net	$	75,962	$	(67,190)	$	8,772
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 other intangible assets, net	$	75,962	$	(66,750)	$	9,212

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 six months ended June 30, 2023 and 2022.

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 $0.2 million and $0.3 million for the three months ended June 30, 2023 and 2022, respectively, and $0.4 million and $0.5 million for the six months ended June 30, 2023 and 2022, respectively.

The following table presents the estimated future amortization expense related to other intangible assets as of June 30, 2023:

Year	Amortization Expense
	(Amounts in thousands)
Remainder of 2023	$	439
2024	851
2025	807
2026	807
2027	807
Thereafter	3,661
Total	$	7,372