Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The carrying amount of goodwill by reporting unit as of March 31, 2022 was as follows:

($ in millions)	December 31, 2021		Impairment		Acquisition		March 31, 2022
Property & Casualty	$	9.5	$	—	$	—	$	9.5
Life & Retirement	14.4		—		—		14.4
Supplemental & Group Benefits	19.6		—		12.8		32.4
Total	$	43.5	$	—	$	12.8	$	56.3

Summary of finite-lived intangible assets

As of March 31, 2022 the outstanding amounts of definite-lived intangible assets subject to amortization were as follows:

($ in millions)	Weighted Average
	Useful Life (in Years)
At inception:
Value of business acquired	28	$	100.1
Value of distribution acquired	17	54.0
Value of agency relationships	14	17.0
Value of customer relationships	10	59.9
Total	20	231.0
Accumulated amortization and impairments:
Value of business acquired		(20.5)
Value of distribution acquired		(12.4)
Value of agency relationships		(6.7)
Value of customer relationships		(4.5)
Total		(44.1)
Net intangible assets subject to amortization:		$	186.9

Future amortization expense

Estimated future amortization of the Company's definite-lived intangible assets were as follows:

($ in millions)
Year Ending December 31,
2022 (excluding the three months ended March 31, 2022)	$	12.6
2023	15.5
2024	15.1
2025	14.8
2026	14.5
Thereafter	114.4
Total	$	186.9

Summary of indefinite-lived intangible assets

Indefinite-lived intangible assets (not subject to amortization) as of March 31, 2022 were as follows:

($ in millions)
Trade names	$	7.9
State licenses	5.8
Total	$	13.7