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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill balances by business segment at December 31, 2022 and 2021 were:
DOLLARS IN MILLIONS20222021
Specialty Property & Casualty Insurance$1,043.0 $1,043.0 
Preferred Property & Casualty Insurance49.6 49.6 
Life & Health Insurance207.7 219.4 
Total$1,300.3 $1,312.0 
The Company tests goodwill for recoverability at the reporting unit level on an annual basis, or whenever events or circumstances indicate the fair value of a reporting unit may have declined below its carrying value. The Company performed a quantitative goodwill impairment assessment for all reporting units with goodwill as of October 1, 2022, principally using projections of discounted cash flows to estimate the fair values of the reporting units. For each unit tested, the estimated fair value exceeded the carrying value of the reporting unit, and the Company concluded that the associated goodwill was recoverable for each reporting unit tested, with the exception of Reserve National.

In 2022, Kemper completed the sale of Reserve National to Medical Mutual of Ohio. As a result of the sale, goodwill attributed to Reserve National was separately tested for recoverability and the Company incurred goodwill impairment of $11.4 million. The remaining $0.3 million of goodwill attributable to Reserve National was derecognized at the time of the sale. See Note 5, “Dispositions”, for more information.

The gross carrying amount and accumulated amortization of Definite and Indefinite life intangible assets at December 31, 2022 and 2021 were:
 20222021
(Dollars in Millions)Gross Carrying AmountAccumulated AmortizationNet AmountGross
Carrying Amount		Accumulated AmortizationNet Amount
Definite Life Intangible Assets:
Value of Business Acquired$237.5 $222.1 $15.4 $237.5 $218.5 $19.0 
Customer Relationships43.8 41.1 2.7 43.8 38.1 5.7 
Agent Relationships81.6 31.0 50.6 81.6 23.6 58.0 
Trade Names1.8 1.7 0.1 1.8 0.9 0.9 
Internal-Use Software352.1 153.9 198.2 341.7 132.4 209.3 
Total Definite Life Intangible Assets716.8 449.8 267.0 706.4 413.5 292.9 
Indefinite Life Intangible Assets:
Trade Names5.2 — 5.2 5.2 — 5.2 
Insurance Licenses44.5 — 44.5 45.1 — 45.1 
Total Indefinite Life Intangible Assets49.7 — 49.7 50.3 — 50.3 
Total Intangible Assets$766.5 $449.8 $316.7 $756.7 $413.5 $343.2 
The Company records intangible assets acquired in business combinations and certain costs incurred developing and customizing internal-use software within Other Assets on the Consolidated Balance Sheets. Definite life intangible assets are amortized over the estimated profit emergence period or estimated useful life of the asset. Indefinite life intangible assets are not amortized, but rather tested annually for impairment. In 2022 and 2021, the Company recognized amortization expense on definite life intangible assets of $53.7 million and $87.0 million, respectively.
NOTE 13. GOODWILL AND INTANGIBLE ASSETS (Continued)
The amount of amortization expense expected to be recorded in the next five years for definite life intangible assets is as follows:
DOLLARS IN MILLIONS20232024202520262027
Definite Life Intangible Assets:
Value of Business Acquired$1.8 $1.6 $1.6 $1.5 $1.5 
Customer Relationships1.1 0.4 0.4 0.3 0.2 
Agent Relationships7.3 5.5 4.9 4.9 1.2 
Internal-Use Software37.2 30.3 23.8 20.2 15.3 
Total$47.4 $37.8 $30.7 $26.9 $18.2