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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Analysis of goodwill and intangible assets
The following table shows an analysis of goodwill and intangible assets:
 
Goodwill
 
Intangible assets (indefinite life)
 
Intangible assets (finite life)
 
Total
Net balance at Dec. 31, 2017
$
198,236

 
$
68,174

 
$
386,201

 
$
652,611

Acquisitions
51,476

 
—

 
43,000

 
94,476

Amortization
—

 
—

 
(105,670
)
 
(105,670
)
Impairment (1)
—

 
(6,300
)
 
—

 
(6,300
)
Foreign currency movements and other adjustments
(92
)
 
—

 
(105
)
 
(197
)
Net balance at Dec. 31, 2018
249,620

 
61,874

 
323,426

 
634,920

Acquisitions (2)
74,780

 
24,431

 
82,482

 
181,693

Amortization
—

 
—

 
(82,104
)
 
(82,104
)
Impairment (1)
—

 
(1,000
)
 
—

 
(1,000
)
Foreign currency movements and other adjustments
2,151

 
605

 
1,817

 
4,574

Net balance at Dec. 31, 2019
$
326,551

 
$
85,910

 
$
325,621

 
$
738,083

 
 
 
 
 
 
 
 
Gross balance at Dec. 31, 2019
$
331,448

 
$
85,305

 
$
744,583

 
$
1,161,336

Accumulated amortization
—

 
—

 
(419,294
)
 
(419,294
)
Foreign currency movements and other adjustments
(4,897
)
 
605

 
332

 
(3,959
)
Net balance at Dec. 31, 2019
$
326,551

 
$
85,910

 
$
325,621

 
$
738,083


(1)
The impairment to the indefinite-lived intangible assets during the year ended December 31, 2019 and 2018 of $1.0 million and $6.3 million related to insurance licenses from the acquisition of UGC
Summary of components of intangible assets
The following table presents the components of goodwill and intangible assets:
 
Gross Balance
 
Accumulated
Amortization
 
Foreign Currency Translation Adjustment and Other
 
Net
Balance
Dec. 31, 2019
 
 
 
 
 
 
 
Acquired insurance contracts
$
452,470

 
$
(336,559
)
 
$
310

 
$
116,221

Operating platform
52,674

 
(39,571
)
 
(259
)
 
12,844

Distribution relationships
243,838

 
(50,542
)
 
212

 
193,508

Goodwill
331,448

 
—

 
(4,897
)
 
326,551

Insurance licenses
63,390

 
—

 
—

 
63,390

Syndicate capacity
21,915

 
—

 
605

 
22,520

Unfavorable service contract
(9,533
)
 
8,657

 
—

 
(876
)
Other
5,134

 
(1,279
)
 
70

 
3,925

Total
$
1,161,336

 
$
(419,294
)
 
$
(3,959
)
 
$
738,083

 
 
 
 
 
 
 
 
Dec. 31, 2018
 
 
 
 
 
 
 
Acquired insurance contracts
$
435,067

 
$
(271,981
)
 
$
(150
)
 
$
162,936

Operating platform
47,400

 
(35,402
)
 
—

 
11,998

Distribution relationships
186,611

 
(36,718
)
 
(1,335
)
 
148,558

Goodwill
256,668

 
—

 
(7,048
)
 
249,620

Insurance licenses
61,874

 
—

 
—

 
61,874

Syndicate capacity
—

 
—

 
—

 
—

Unfavorable service contract
(9,533
)
 
7,949

 
—

 
(1,584
)
Other
2,556

 
(1,038
)
 
—

 
1,518

Total
$
980,643

 
$
(337,190
)
 
$
(8,533
)
 
$
634,920
Estimated future amortization expense
The estimated remaining amortization expense for the Company’s intangible assets with finite lives is as follows:
2020
$
65,958

2021
48,063

2022
33,972

2023
31,731

2024
27,566

2025 and thereafter
118,331

Total
$
325,621