v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The changes in the carrying amount of goodwill by reportable segments were as follows:
Reportable SegmentDecember 31, 2025AdditionsAdjustmentsJune 30, 2026
Life Solutions$147,007,357 $— $— $147,007,357 
Asset Management105,772,527 — — 105,772,527 
Total$252,779,884 $— $— $252,779,884 
Intangible Asset, Finite-Lived
Intangible Assets Acquired comprised of the following:
Asset TypeNet Book ValueUseful Life
Weighted Average Remaining Amortization Period
Valuation Methodology
Management agreements$47,400,000 
4 - 8 years
3.8 yearsMulti-period excess-earnings method
Customer relationships31,693,300 
3 - 10 years
2.2 yearsMulti-period excess-earnings method
Non-compete agreements7,400,000 
1 - 3 years
0.1 yearsWith or Without Method
Internally developed and used technology2,100,000 
2 - 3 years
0.0 yearsReplacement Cost Method
Trade Name2,500,000 
3 - 10 years
0.3 yearsRelief from Royalty Method
State Insurance Licenses2,700,000 IndefiniteReplacement Cost Method
Trade Name900,000 IndefiniteRelief from Royalty Method
$94,693,300 6.4 years
Intangible assets and related accumulated amortization as of June 30, 2026 are as follows:
June 30, 2026
Gross Value Accumulated AmortizationNet Book Value
Definite Lived Intangible Assets:
Management agreements$47,400,000 $13,201,229 $34,198,771 
Customer relationships31,693,300 14,130,551 17,562,749 
Non-compete agreements7,400,000 6,313,889 1,086,111 
Internally developed and used technology2,100,000 1,911,111 188,889 
Trade Name2,500,000 469,445 2,030,555 
Total$91,093,300 $36,026,225 $55,067,075 
Indefinite Lived Intangible Assets:
State Insurance Licenses2,700,000 — 2,700,000 
Trade Name900,000 — 900,000 
Total$94,693,300 $36,026,225 $58,667,075 

December 31, 2025
Gross ValueAccumulated AmortizationNet Book Value
Definite Lived Intangible Assets:
Management agreements$47,400,000 $9,032,419 $38,367,581 
Customer relationships31,693,300 11,335,052 20,358,248 
Non-compete agreements7,400,000 5,930,556 1,469,444 
Internally developed and used technology2,100,000 1,827,777 272,223 
Trade Name2,500,000 286,111 2,213,889 
Total$91,093,300 $28,411,915 $62,681,385 
Indefinite Lived Intangible Assets:
State Insurance Licenses2,700,000 — 2,700,000 
Trade Name
900,000 — 900,000 
Total$94,693,300 $28,411,915 $66,281,385 
Intangible Asset, Indefinite-Lived
Intangible Assets Acquired comprised of the following:
Asset TypeNet Book ValueUseful Life
Weighted Average Remaining Amortization Period
Valuation Methodology
Management agreements$47,400,000 
4 - 8 years
3.8 yearsMulti-period excess-earnings method
Customer relationships31,693,300 
3 - 10 years
2.2 yearsMulti-period excess-earnings method
Non-compete agreements7,400,000 
1 - 3 years
0.1 yearsWith or Without Method
Internally developed and used technology2,100,000 
2 - 3 years
0.0 yearsReplacement Cost Method
Trade Name2,500,000 
3 - 10 years
0.3 yearsRelief from Royalty Method
State Insurance Licenses2,700,000 IndefiniteReplacement Cost Method
Trade Name900,000 IndefiniteRelief from Royalty Method
$94,693,300 6.4 years
Intangible assets and related accumulated amortization as of June 30, 2026 are as follows:
June 30, 2026
Gross Value Accumulated AmortizationNet Book Value
Definite Lived Intangible Assets:
Management agreements$47,400,000 $13,201,229 $34,198,771 
Customer relationships31,693,300 14,130,551 17,562,749 
Non-compete agreements7,400,000 6,313,889 1,086,111 
Internally developed and used technology2,100,000 1,911,111 188,889 
Trade Name2,500,000 469,445 2,030,555 
Total$91,093,300 $36,026,225 $55,067,075 
Indefinite Lived Intangible Assets:
State Insurance Licenses2,700,000 — 2,700,000 
Trade Name900,000 — 900,000 
Total$94,693,300 $36,026,225 $58,667,075 

December 31, 2025
Gross ValueAccumulated AmortizationNet Book Value
Definite Lived Intangible Assets:
Management agreements$47,400,000 $9,032,419 $38,367,581 
Customer relationships31,693,300 11,335,052 20,358,248 
Non-compete agreements7,400,000 5,930,556 1,469,444 
Internally developed and used technology2,100,000 1,827,777 272,223 
Trade Name2,500,000 286,111 2,213,889 
Total$91,093,300 $28,411,915 $62,681,385 
Indefinite Lived Intangible Assets:
State Insurance Licenses2,700,000 — 2,700,000 
Trade Name
900,000 — 900,000 
Total$94,693,300 $28,411,915 $66,281,385 
Schedule of Estimated Annual Amortization for Intangible Assets
Estimated future amortization of definite-lived intangible assets as of June 30, 2026 is as follows:
2026 remaining$7,597,640 
202715,014,728 
202811,501,255 
20297,813,616 
20305,999,171 
Thereafter7,140,665 
Total$55,067,075