Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

The Company’s goodwill related to the acquisitions of PartnerRe SA, Winterthur Re, Paris Re and Presidio and intangible assets related to the acquisitions of Paris Re, Presidio, Aurigen and Claims Analytics at December 31, 2023, 2022 and 2021 were as follows (in thousands of U.S. dollars): 

	Goodwill		Definite- lived intangible assets		Indefinite- lived intangible assets		Total intangible assets
Balance at December 31, 2020	$	456,380	$	98,114	$	9,555	$	107,669
Foreign currency translation	—		10		—		10
Intangible assets amortization	n/a		(8,861)		n/a		(8,861)
Balance at December 31, 2021	$	456,380	$	89,263	$	9,555	$	98,818
Foreign currency translation	—		(137)		—		(137)
Intangible assets amortization	n/a		(8,912)		n/a		(8,912)
Balance at December 31, 2022	$	456,380	$	80,214	$	9,555	$	89,769
Foreign currency translation	—		50		—		50
Intangible assets amortization	n/a		(7,906)		n/a		(7,906)
Balance at December 31, 2023	$	456,380	$	72,358	$	9,555	$	81,913

n/a: Not applicable

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The gross carrying value and accumulated amortization of intangible assets included in the Consolidated Balance Sheets at December 31, 2023 and 2022 were as follows (in thousands of U.S. dollars):

	December 31, 2023						December 31, 2022
	Gross carrying value		Accumulated amortization		Net carrying value		Gross carrying value		Accumulated amortization		Net carrying value
Definite-lived intangible assets:
Renewal rights	$	48,163	$	(44,985)	$	3,178	$	48,163	$	(43,032)	$	5,131
Customer relationships	67,661		(60,532)		7,129		67,611		(56,850)		10,761
Life VOBA	75,583		(13,532)		62,051		75,583		(11,261)		64,322
Total definite-lived intangible assets	$	191,407	$	(119,049)	$	72,358	$	191,357	$	(111,143)	$	80,214
Indefinite-lived intangible assets:
Insurance licenses	9,555		n/a		9,555		9,555		n/a		9,555
Total intangible assets	$	200,962	$	(119,049)	$	81,913	$	200,912	$	(111,143)	$	89,769

n/a: Not applicable

Allocation of goodwill by segment

The allocation of goodwill to the Company’s segments at December 31, 2023 and 2022 was as follows (in thousands of U.S. dollars): 

	2023		2022
P&C segment	$	242,376	$	242,376
Specialty segment	196,047		196,047
Life and Health segment	17,957		17,957
Total	$	456,380	$	456,380

Estimated future amortization expense

The estimated future amortization expense related to the Company’s definite-lived intangible assets is as follows (in thousands of U.S. dollars):

Year	VOBA		Other definite- lived intangible assets		Total definite- lived intangible assets
2024	$	2,296	$	4,960	$	7,256
2025	2,070		4,367		6,437
2026	1,892		402		2,294
2027	2,238		402		2,640
2028	2,247		176		2,423
Thereafter	51,308		—		51,308
Total	$	62,051	$	10,307	$	72,358