| Goodwill |
| | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Beginning balance | | $ | 540,345 | | | $ | 418,234 | | | Business acquisitions | | — | | | 95,357 | | | Foreign exchange | | (6,041) | | | 26,754 | | | | | | | | Ending balance | | $ | 534,304 | | | $ | 540,345 | |
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| Intangible Asset and Goodwill |
8. GOODWILL AND INTANGIBLE ASSETS Below are rollforwards of the Company's goodwill.
| | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Beginning balance | | $ | 540,345 | | | $ | 418,234 | | | Business acquisitions | | — | | | 95,357 | | | Foreign exchange | | (6,041) | | | 26,754 | | | | | | | | Ending balance | | $ | 534,304 | | | $ | 540,345 | |
Intangible assets consisted of the following as of June 30, 2026 and December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | June 30, 2026 | | | | | | | | Finite-lived intangible assets: | | | | | | | | Customer relationships | | $ | 504,076 | | | $ | 83,853 | | | $ | 420,223 | | | Non-compete agreements | | 1,350 | | | 1,350 | | | — | | | Trade names | | 19,244 | | | 3,232 | | | 16,012 | | | Total finite-lived intangible assets | | 524,670 | | | 88,435 | | | 436,235 | | | Indefinite-lived intangible assets: | | | | | | | | Insurance licenses | | 11,213 | | | — | | | 11,213 | | | Total intangible assets | | 535,883 | | | 88,435 | | | 447,448 | | | | | | | | | | December 31, 2025 | | | | | | | | Finite-lived intangible assets: | | | | | | | | Customer relationships | | $ | 509,197 | | | $ | 62,362 | | | $ | 446,835 | | | Non-compete agreements | | 1,350 | | | 1,350 | | | — | | | Trade names | | 19,383 | | | 2,433 | | | 16,950 | | | Total finite-lived intangible assets | | 529,930 | | | 66,145 | | | 463,785 | | | Indefinite-lived intangible assets: | | | | | | | | Insurance licenses | | 11,213 | | | — | | | 11,213 | | | Total intangible assets | | 541,143 | | | 66,145 | | | 474,998 | |
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