v3.25.1
Intangible Assets, Net
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 8 -- Intangible Assets, Net

The Company’s intangible assets, net consist of the following:

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

In-place leases

 

 

2,221

 

 

$

2,221

 

Policy renewal rights - United

 

 

10,100

 

 

 

10,100

 

Non-compete agreements - United (a)

 

 

314

 

 

 

314

 

Total, at cost

 

 

12,635

 

 

 

12,635

 

Less: accumulated amortization

 

 

(8,070

)

 

 

(7,429

)

Intangible assets, net

 

$

4,565

 

 

$

5,206

 

 

(a)
Fully amortized.

The remaining weighted-average amortization periods for the intangible assets as of March 31, 2025 are summarized in the table below:

 

In-place leases

 

17.9 years

Policy renewal rights - United

 

1.1 years

 

At March 31, 2025 and December 31, 2024, contingent liabilities related to renewal rights intangible assets were $371 and are included in other liabilities on the consolidated balance sheets.