Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2025

Goodwill and Other Intangibles [Abstract]

Goodwill and Other Intangibles

9. Goodwill and Other Intangibles

Goodwill

The following table presents the carrying amount of the Company’s goodwill and related impairment by segment:

	Three Months Ended March 31, 2025						Year Ended December 31, 2024
	Non-Standard Auto		Commercial		Total		Non-Standard Auto			Commercial		Total
Goodwill, beginning of period		—		—		—		2,628			—		2,628
Impairment recognized during the period		—		—		—		(2,628	)		—		(2,628	)
Goodwill, end of period	$	—	$	—	$	—	$	—		$	—	$	—

We performed a quantitative assessment of the goodwill related to the Primero acquisition during the fourth quarter of 2024, which is allocated to our Non-Standard Auto segment, and concluded that the goodwill was fully impaired as of December 31, 2024, resulting in a non-cash impairment charge of $2,628. See the Part II, Item 8, Note 10 “Goodwill and Other Intangibles” section of the 2024 Annual Report for additional information.

Other Intangible Assets

The gross and net carrying value of the Company’s other intangible assets were $100 at March 31, 2025, and December 31, 2024, and consist of the state insurance license for Direct Auto, which has an indefinite life.

We determined during our reviews that the other indefinite-lived intangible assets were not impaired as of March 31, 2025, or December 31, 2024.

Amortization expense was $0 and $106 for the three months ended March 31, 2025 and 2024, respectively. Amortization expense for continuing operations was $0 for the three months ended March 31, 2025 and 2024.