Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2023

Intangible Assets and Goodwill

Schedule of intangible assets

Intangible assets are stated at cost or acquisition-date fair value less accumulated amortization and impairment, and consist of the following, as of March 31, 2023:

	Weighted			Accumulated
	Average	Intangible		Amortization		Intangible
	Useful Life	Assets,		And		Assets,
	(in years)	gross		Impairment		Net
Customer relationships	9.0	$	69,505	$	(17,164)	$	52,341
Acquired technology	5.0		36,041		(17,486)		18,555
Trademarks and tradenames	10.0		23,443		(5,038)		18,405
Non-compete agreements	3.0		616		(419)		197
Value of business acquired	1.0		400		(400)		—
Renewal rights	6.0		9,734		(2,439)		7,295
Insurance licenses	Indefinite		4,960		—		4,960
Total intangible assets		$	144,699	$	(42,946)	$	101,753

Intangible assets consist of the following as of December 31, 2022:

	Weighted
	Average	Intangible				Intangible
	Useful Life	Assets,		Accumulated		Assets,
	(in years)	gross		Amortization		Net
Customer relationships	9.0	$	69,730	$	(15,079)	$	54,651
Acquired technology	5.0		37,932		(16,468)		21,464
Trademarks and tradenames	10.0		25,071		(5,724)		19,347
Non-compete agreements	3.0		619		(407)		212
Value of business acquired	1.0		400		(400)		—
Renewal rights	6.0		9,734		(2,113)		7,621
Insurance licenses	Indefinite		4,960		—		4,960
Total intangible assets		$	148,446	$	(40,191)	$	108,255

Summary of changes in the carrying amount of goodwill

	Goodwill
Balance as of December 31, 2022	$	244,697
Acquisitions		2,421
Balance as of March 31, 2023	$	247,118