Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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, 2019	$	326,551	$	85,911	$	325,621	$	738,083
Acquisitions	—		—		39,178		39,178
Amortization	—		—		(69,031)		(69,031)
Foreign currency movements and other adjustments	(11,922)		(6,692)		3,247		(15,367)
Net balance at Dec. 31, 2020	314,629		79,219		299,015		692,863
Acquisitions (1)	31,677		—		318,459		350,136
Amortization	—		—		(82,955)		(82,955)
Impact of deconsolidation of Somers (2)	—		(7,650)		—		(7,650)
Foreign currency movements and other adjustments	(1,441)		(212)		(5,758)		(7,411)
Net balance at Dec. 31, 2021	$	344,865	$	71,357	$	528,761	$	944,983
Gross balance at Dec. 31, 2021	$	342,842	$	70,246	$	1,102,298	$	1,515,386
Accumulated amortization	—		—		(571,839)		(571,839)
Foreign currency movements and other adjustments	2,023		1,111		(1,698)		1,436
Net balance at Dec. 31, 2021	$	344,865	$	71,357	$	528,761	$	944,983

(1)    Certain amounts for the Company’s 2021 acquisitions are considered provisional.

(2)    See note 12.

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, 2021
Acquired insurance contracts	$	451,505	$	(409,592)	$	339	$	42,252
Operating platform	52,674		(48,838)		56		3,892
Distribution relationships	602,518		(120,302)		(2,207)		480,009
Goodwill	342,842		—		2,023		344,865
Insurance licenses	48,331		—		—		48,331
Syndicate capacity	21,915		—		1,111		23,026
Unfavorable service contract	(9,533)		9,435		—		(98)
Other	5,134		(2,542)		114		2,706
Total	$	1,515,386	$	(571,839)	$	1,436	$	944,983
Dec. 31, 2020
Acquired insurance contracts	$	451,505	$	(381,349)	$	284	$	70,440
Operating platform	52,674		(44,347)		60		8,387
Distribution relationships	285,141		(71,383)		3,450		217,208
Goodwill	318,043		—		(3,414)		314,629
Insurance licenses	55,981		—		—		55,981
Syndicate capacity	21,915		—		1,324		23,239
Unfavorable service contract	(9,533)		9,147		—		(386)
Other	5,134		(1,896)		127		3,365
Total	$	1,180,860	$	(489,828)	$	1,831	$	692,863

The estimated remaining amortization expense for the Company’s intangible assets with finite lives is as follows:

2022	$	109,144
2023	99,620
2024	79,410
2025	44,523
2026	35,252
2027 and thereafter	160,812
Total	$	528,761

The estimated remaining useful lives of these assets range from one to fifteen years at December 31, 2021.