Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 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 2023 and 2022. No accumulated goodwill impairment losses existed at December 31, 2023 and 2022. Goodwill is reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during 2023 and 2022. 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, 2023
Customer relationships	$	54,862	$	(53,704)	$	1,158	11
Trade names	15,400		(9,625)		5,775		24
Technology	4,300		(4,300)		—		10
Insurance license	1,400		—		1,400		Indefinite
Total intangible assets, net	$	75,962	$	(67,629)	$	8,333
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

Other intangible assets are reviewed annually for impairment and more frequently if potential impairment indicators exist. No impairment indicators were identified during 2023 and 2022.

Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Other intangible assets amortization expense was $0.9 million, $1.0 million, and $1.1 million for the years ended December 31, 2023, 2022 and 2021, 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, 2023:

Year Ending December 31,	Amortization Expense
	(Amounts in thousands)
2024	$	851
2025	807
2026	807
2027	807
2028	807
Thereafter	2,854
Total	$	6,933