Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The carrying amount of goodwill by reporting unit as of September 30, 2021 was as follows:

($ in millions)	September 30, 2021
Property and Casualty	$	9.5
Supplemental	19.6
Retirement	4.5
Life	9.9
Total	$	43.5

Summary of finite-lived intangible assets

As of September 30, 2021 the outstanding amounts of definite-lived intangible assets subject to amortization were as follows:

($ in millions)	Weighted Average
	Useful Life (in Years)
At inception:
Value of business acquired	30	$	94.4
Value of distribution acquired	17	54.0
Value of agency relationships	14	17.0
Value of customer relationships	10	9.1
Total	23	174.5
Accumulated amortization and impairments:
Value of business acquired		(15.9)
Value of distribution acquired		(10.9)
Value of agency relationships		(5.7)
Value of customer relationships		(4.1)
Total		(36.6)
Net intangible assets subject to amortization:		$	137.9

Future amortization expense

Estimated future amortization of the Company's definite-lived intangible assets were as follows:

($ in millions)
Year Ending December 31,
2021 (excluding the nine months ended September 30, 2021)	$	3.2
2022	12.1
2023	11.2
2024	10.5
2025	9.8
Thereafter	91.1
Total	$	137.9

Summary of indefinite-lived intangible assets

Indefinite-lived intangible assets (not subject to amortization) as of September 30, 2021 were as follows:

($ in millions)
Trade names	$	7.9
State licenses	2.9
Total	$	10.8