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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill recorded at December 31, 2019, and 2018, was $452.7 million. The majority of the goodwill recorded as of December 31, 2019, relates to the April 1, 2015, acquisition of a controlling interest in ARX. No impairment losses have been recorded on any of the outstanding goodwill.
Intangible Assets
The following table is a summary of the net carrying amount of other intangible assets as of December 31:
(millions)
2019
 
2018
Intangible assets subject to amortization
$
215.9

 
$
282.2

Indefinite-lived intangible assets1
12.4

 
12.4

Total
$
228.3

 
$
294.6

1 Indefinite-lived intangible assets are comprised of state insurance and agent licenses. State insurance licenses were previously subject to amortization under superseded accounting guidance and have $0.6 million of accumulated amortization for both years presented.
Intangible assets subject to amortization for the years ended December 31, consisted of the following:
(millions)
2019
 
2018
Category
Gross Carrying Amount

Accumulated Amortization

Net Carrying Amount

 
Gross Carrying Amount

Accumulated Amortization

Net Carrying Amount

Policies in force
$
256.2

$
173.9

$
82.3

 
$
256.2

$
137.3

$
118.9

Agency relationships
159.2

54.0

105.2

 
159.2

42.6

116.6

Software rights
79.1

50.7

28.4

 
79.1

40.1

39.0

Trade name
34.8

34.8

0

 
34.8

27.1

7.7

Total
$
529.3

$
313.4

$
215.9

 
$
529.3

$
247.1

$
282.2


Amortization expense was $66.3 million, $72.0 million, and $66.2 million for the years ended December 31, 2019, 2018, and 2017, respectively. During 2017, we revised our estimate of the economic useful life of our trade name intangible asset from an original life of 10 years to a remaining life of 2 years. The decrease in the useful life reflected the transition of our branding for the Property business, from the ASI trade name to the Progressive brand. The majority of the intangible assets have finite lives, which, at December 31, 2019, had a remaining life range from 2 months to 9 years, with an average remaining life of 3.7 years.
The estimated aggregate amortization on these intangible assets for each of the next five years as of December 31, 2019, follows:
(millions)
 
Year
Amortization
Expense

2020
$
56.9

2021
56.6

2022
29.2

2023
13.5

2024
11.4