Goodwill and intangible assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill and intangible assets

The following table shows the change in goodwill, intangible assets with an indefinite life, and intangible assets with a finite life during the years ended December 31, 2019 and 2018:



(Millions)	Goodwill			Intangible assets with an indefinite life			Intangible assets with a finite life			Total
Net balance at December 31, 2017	$	401.0		$	27.0		$	189.3		$	617.3
Additions⁽¹⁾	—			3.1			—			3.1
Foreign currency translation⁽²⁾	(0.4		)	—			—			(0.4		)
Impairments⁽²⁾	—			(8.0		)	—			(8.0		)
Amortization⁽²⁾	—			—			(15.8		)	(15.8		)
Net balance at December 31, 2018	400.6			22.1			173.5			596.2
Additions	—			—			—			—
Foreign currency translation⁽²⁾	0.2			—			—			0.2
Impairments⁽²⁾	—			—			—			—
Amortization⁽²⁾	—			—			(15.8		)	(15.8		)
Net balance at December 31, 2019	$	400.8		$	22.1		$	157.7		$	580.6

⁽¹⁾Additions in 2018 relate to insurance licenses allocated to the Runoff & Other segment.

⁽²⁾Foreign currency translation, impairments, and amortization in 2019 and 2018 relate to Armada and IMG and are allocated to the Global A&H segment.

Schedule of components of goodwill and intangible assets

The following tables presents the components of goodwill and intangible assets as of December 31, 2019 and 2018:



	2019
(Millions)	Gross balance		Accumulated amortization			Impairments		Foreign currency translation		Net balance
Customer relationships – finite life⁽¹⁾	$	17.0	$	(3.5	)	$	—	$	—	$	13.5
Distribution relationships – finite life⁽¹⁾	151.0		(25.5		)	—		—		125.5
Goodwill – indefinite life⁽¹⁾	400.7		—			—		0.1		400.8
Insurance licenses – indefinite life⁽²⁾	8.1		—			—		—		8.1
Technology – finite life⁽¹⁾	15.5		(6.9		)	—		—		8.6
Trade names – finite life⁽¹⁾	16.0		(5.9		)	—		—		10.1
Trade names – indefinite life⁽¹⁾	14.0		—			—		—		14.0
Net balance at December 31, 2019	$	622.3	$	(41.8	)	$	—	$	0.1	$	580.6

⁽¹⁾Allocated to the Global A&H segment.

⁽²⁾Allocated to the Runoff & Other segment.



	2018
(Millions)	Gross balance		Accumulated amortization			Impairments			Foreign currency translation			Net balance
Customer relationships – finite life⁽¹⁾	$	17.0	$	(2.2	)	$	—		$	—		$	14.8
Distribution relationships – finite life⁽¹⁾	151.0		(15.8		)	—			—			135.2
Goodwill – indefinite life⁽¹⁾	400.7		—			—			(0.1		)	400.6
Insurance licenses – indefinite life⁽²⁾	8.1		—			—			—			8.1
Technology – finite life⁽¹⁾	15.5		(4.3		)	—			—			11.2
Trade names – finite life⁽¹⁾	16.0		(3.7		)	—			—			12.3
Trade names – indefinite life⁽¹⁾	27.0		—			(13.0		)	—			14.0
Net balance at December 31, 2018	$	635.3	$	(26.0	)	$	(13.0	)	$	(0.1	)	$	596.2

⁽¹⁾Allocated to the Global A&H segment.

⁽²⁾Allocated to the Runoff & Other segment.

Schedule of remaining amortization expense

The estimated remaining amortization expense for Sirius Group's intangible assets with finite lives is as follows:



(Millions)
2020	$	15.8
2021	15.8
2022	14.6
2023	13.8
2024	13.2
2025 and thereafter	84.5
Total remaining amortization expense	$	157.7