| Schedule of Finite-Lived Intangible Assets |
The cost and accumulated amortization of intangible assets as of June 30, 2025 and December 31, 2024 are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | Weighted average useful life | | Gross carrying amount | | Accumulated amortization | | Net carrying amount | | | | | | | | | | | | | | in thousands | | | | Internally developed software | | 3.4 | | $ | 144,579 | | | $ | (92,928) | | | $ | 51,651 | | | Renewal rights | | 9.9 | | 19,631 | | | (9,658) | | | 9,973 | | | Trade names and trademarks | | 14.2 | | 11,867 | | | (3,824) | | | 8,043 | | State licenses (1) | | Indefinite | | 11,263 | | | — | | | 11,263 | | | Relationships and customer lists | | 15.5 | | 7,914 | | | (2,119) | | | 5,795 | | | Other | | 3.6 | | 620 | | | (613) | | | 7 | | | Total intangible assets | | | | $ | 195,874 | | | $ | (109,142) | | | $ | 86,732 | | | | | | | | | | | | | | | | | | | |
(1) Represents approved state licenses related to the acquisition of Drivers Edge. Refer to Note 10 — Acquisition for additional details.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Weighted average useful life | | Gross carrying amount | | Accumulated amortization | | Net carrying amount | | | | | | | | | | | | | | in thousands | | | | Internally developed software | | 3.3 | | $ | 136,235 | | | $ | (82,903) | | | $ | 53,332 | | | Renewal rights | | 9.9 | | 19,187 | | | (8,458) | | | 10,729 | | | Trade names and trademarks | | 14.1 | | 12,061 | | | (3,393) | | | 8,668 | | State licenses (1) | | Indefinite | | 11,263 | | | — | | | 11,263 | | | Relationships and customer lists | | 15.4 | | 7,975 | | | (1,896) | | | 6,079 | | | Other | | 4.2 | | 1,065 | | | (1,029) | | | 36 | | | Total intangible assets | | | | $ | 187,786 | | | $ | (97,679) | | | $ | 90,107 | | | | | | | | | | |
(1) Represents approved state licenses related to the acquisition of Drivers Edge. Refer to Note 10 — Acquisition for additional details.
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated future aggregate amortization expense related to intangible assets as of June 30, 2025 is as follows:
| | | | | | | in thousands | | 2025 - remaining | $ | 11,908 | | | 2026 | 20,779 | | | 2027 | 17,309 | | | 2028 | 11,037 | | | 2029 | 4,905 | | | Thereafter | 9,531 | | | Total | $ | 75,469 | |
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