Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 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. The following table summarizes intangible assets as of June 30, 2023.

	Weighted			Accumulated
	Average	Intangible		Amortization		Intangible
	Useful Life	Assets,		And		Assets,
	(in years)	gross		Impairment		Net
Customer relationships	9.0	$	69,505	$	(19,494)	$	50,011
Acquired technology	5.0		36,041		(19,175)		16,866
Trademarks and tradenames	10.0		23,443		(5,609)		17,834
Non-compete agreements	3.0		616		(431)		185
Value of business acquired	1.0		400		(400)		—
Renewal rights	6.0		9,734		(2,764)		6,970
Insurance licenses	Indefinite		4,960		—		4,960
Total intangible assets		$	144,699	$	(47,873)	$	96,826

The following table summarizes intangible assets 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, net of accumulated impairment of $43.8 million	$	244,697
Acquisition		2,421
Impairment loss		(55,211)
Balance as of June 30, 2023, net of accumulated impairment of $99.0 million	$	191,907