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 June 30, 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 June 30, 2026 and December 31, 2025 (dollars in thousands):


	June 30, 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	$	(5,200)	$	—	$	5,200	$	(3,317)	$	1,883
Software development	4,780		(928)		3,852		4,660		(444)		4,216
Intangible lease assets	49,192		(13,678)		35,514		49,192		(12,238)		36,954
Total	$	131,672	$	(19,806)	$	111,866	$	131,552	$	(15,999)	$	115,553

Amortization expense for the three and six months ended June 30, 2026 was $1.2 million and $3.8 million, respectively. Amortization expense for the three and six months ended June 30, 2025 was $0.7 million and $1.4 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 (July - December)		2027		2028		2029		2030
Software development	4.3	478		956		956		956		506
Intangible lease assets	12.3	1,440		2,880		2,880		2,880		2,880
Total		$	1,918	$	3,836	$	3,836	$	3,836	$	3,386