Goodwill

9 Months Ended

Sep. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill

NOTE 6 Goodwill

Goodwill is subject to at least an annual assessment for impairment by applying a fair value-based test. The Company completed its most recent annual assessment as of November 30, 2019 and identified no impairment as a result of the evaluation.

The changes in the carrying value of goodwill by reportable segment for the nine months ended September 30, 2020 are as follows:

(in thousands)	Retail			National Programs		Wholesale Brokerage		Services		Total
Balance as of December 31, 2019	$	2,351,291		$	925,541	$	298,101	$	171,161	$	3,746,094
Goodwill of acquired businesses		114,250			178,332		85,943		108		378,633
Goodwill disposed of relating to sales of businesses		(784	)		—		—		—		(784	)
Balance as of September 30, 2020	$	2,464,757		$	1,103,873	$	384,044	$	171,269	$	4,123,943