The carrying amount of goodwill was as follows (dollars in thousands). The goodwill is attributable entirely to the Agency Business.


	Agency Business		Total
Balance at December 31, 2025	$	92,048	$	92,048
Goodwill acquired during the period	—		—
Balance at March 31, 2026	$	92,048	$	92,048

The following table summarizes the carrying value of the Company’s intangible assets, as described in Note 2 as of March 31, 2026 and December 31, 2025 (dollars in thousands):


	March 31, 2026						December 31, 2025
	Carrying Value		Accumulated Amortization		Total		Carrying Value		Accumulated Amortization		Total
Indefinite lived intangibles:
Agency License Intangibles	$	72,500	$	—	$	72,500	$	72,500	$	—	$	72,500
Finite lived intangibles:
Non-compete Agreements	$	5,200	$	(4,975)	$	225	$	5,200	$	(3,317)	$	1,883
Software development	4,780		(689)		4,091		4,660		(444)		4,216
Intangible lease assets	49,192		(12,958)		36,234		49,192		(12,238)		36,954
Total	$	131,672	$	(18,622)	$	113,050	$	131,552	$	(15,999)	$	115,553

Amortization expense for the three months ended March 31, 2026 and 2025 totaled $2.6 million and $0.7 million, respectively.

The following table summarizes the Company's expected other identified intangible assets, net amortization over the next five years (dollars in thousands):


	Weighted Avg. Life (in Years)	2026 (April - December)		2027		2028		2029		2030
Non-compete Agreements	0.2	$	225	$	—	$	—	$	—	$	—
Software development	4.5	717		956		956		956		506
Intangible lease assets	12.6	2,160		2,880		2,880		2,880		2,880
Total		$	3,102	$	3,836	$	3,836	$	3,836	$	3,386