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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets 10 — Goodwill and Intangible Assets
Goodwill

The following is a reconciliation of the changes in the Company's goodwill for the periods specified below:

20222021
in thousands
Goodwill as of January 1,$11,488 $4,745 
Goodwill resulting from acquisition (1)
103,553 6,743 
Goodwill as of December 31,
$115,041 $11,488 
(1) Goodwill resulting from acquisitions for the year ended December 31, 2022 includes $98.6 million related to the Broad Arrow Acquisition. Refer to Note 9 — Acquisitions and Investments for additional information.
Intangible Assets

The cost and accumulated amortization of intangible assets as of December 31, 2022 and 2021 are as follows:

Weighted Average Useful Life
December 31,
20222021
in thousands
Insurance policy renewal rights9.9$17,282 $17,557 
Internally developed software3.1109,764 76,865 
Trade names and trademarks14.012,541 5,004 
Relationships and customer lists15.413,890 5,652 
Other4.41,434 1,464 
Intangible assets154,911 106,542 
Less: accumulated amortization(50,887)(30,371)
Intangible assets, net$104,024 $76,171 

Intangible asset amortization expense was $21.8 million and $12.8 million for the years ended December 31, 2022 and 2021 respectively.

The estimated future aggregate amortization expense as of December 31, 2022 is as follows (in thousands):

2023$29,663 
202426,714 
202517,746 
20268,671 
20273,742 
Thereafter17,488 
Total$104,024