Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

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, 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
Acquisitions (1)	8,389		—		—		8,389
Amortization	—		—		(106,200)		(106,200)
Foreign currency movements and other adjustments	(11,181)		(2,576)		(29,126)		(42,883)
Net balance at Dec. 31, 2022	$	342,073	$	68,781	$	393,435	$	804,289
Gross balance at Dec. 31, 2022	$	351,231	$	70,246	$	1,102,298	$	1,523,775
Accumulated amortization	—		—		(678,020)		(678,020)
Foreign currency movements and other adjustments	(9,158)		(1,465)		(30,843)		(41,466)
Net balance at Dec. 31, 2022	$	342,073	$	68,781	$	393,435	$	804,289

(1)    See note 2, “Acquisitions.”

(2)    See note 12, “Variable Interest Entity and Noncontrolling Interests.”

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, 2022
Acquired insurance contracts	$	451,505	$	(426,202)	$	339	$	25,642
Operating platform	52,674		(50,302)		2		2,374
Distribution relationships	602,518		(207,908)		(31,110)		363,500
Goodwill	351,231		—		(9,158)		342,073
Insurance licenses	48,331		—		—		48,331
Syndicate capacity	21,915		—		(1,465)		20,450
Unfavorable service contract	(9,533)		9,533		—		—
Other	5,134		(3,141)		(74)		1,919
Total	$	1,523,775	$	(678,020)	$	(41,466)	$	804,289
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

Estimated future amortization expense

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

2023	$	91,605
2024	73,366
2025	41,060
2026	32,091
2027	29,268
2028 and thereafter	126,045
Total	$	393,435