Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

10)GOODWILL AND INTANGIBLE ASSETS

Goodwill

The carrying amount of goodwill at March 31, 2026 and December 31, 2025 was $59,476,000.

There was no goodwill acquired, disposed of or impaired during the three months ended March 31, 2026 and 2025.

Intangible Assets

The following is a summary of intangible assets excluding goodwill recorded as intangible assets on the Company's Unaudited Condensed Consolidated Balance Sheets:

	March 31, 2026		December 31, 2025
Intangible assets subject to amortization	$	2,438	$	3,048
Indefinite-lived intangible assets(1)		423		423
Total	$	2,861	$	3,471

(1) Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses.

Intangible assets subject to amortization and not fully amortized consisted of the following:

	Weighted-average remaining amortization period (in years)		Gross carrying amount		Accumulated amortization			Net carrying amount
March 31, 2026
Agency agreements acquired		1.0	$	34,661	$	(32,223	)	$	2,438
December 31, 2025
Agency agreements acquired		1.3	$	34,661	$	(31,613	)	$	3,048

No impairment in the value of amortizing or non-amortizing intangible assets was recognized during the three months ended March 31, 2026 and 2025.

Amortization expense of the Company's intangible assets was $610,000 and $609,000 for the three months ended March 31, 2026 and 2025, respectively. Estimated amortization expense of the Company's intangible assets to be recognized by the Company during the remainder of 2026 and over the next five years is as follows:

Year ending December 31,	Estimated Amortization Expense
2026	$	1,829
2027		609
2028		—
2029		—
2030		—