The carrying amount of goodwill by reportable segment was $1.0 million for Asset Management as of both June 30, 2026 and December 31, 2025, which is included within “Other assets” in the Condensed Consolidated Statements of Financial Position. The carrying amount of goodwill was $30.2 million for Insurance Solutions as of both June 30, 2026 and December 31, 2025.


	Reporting Unit
	MYGA		LTC		Total
Goodwill, gross as of December 31, 2025	$	30,193	$	25,504	$	55,697
Accumulated impairment losses¹	—		(25,504)		(25,504)
Goodwill, net as of June 30, 2026	30,193		—		30,193

Goodwill, gross as of December 31, 2024	$	30,193	$	25,504	$	55,697
Impairment losses	—		(25,504)		(25,504)
Goodwill, net as of December 31, 2025	$	30,193	$	—	$	30,193

(1)Accumulated impairment losses include the $25.5 million impairment loss recognized in relation to the LTC reporting unit during the year ended December 31, 2025 and there was no impairment loss recognized during the six months ended June 30, 2026


	June 30, 2026
	Gross carrying amount		Accumulated amortization		Accumulated impairment		Net carrying amount
Asset Management
Intangible assets — indefinite life

Profit sharing interest	$	8,191	$	—	$	—	$	8,191
Intangible assets — definite life
Investment management contracts	11,148		(9,494)		—		1,654
Total intangible assets — Asset Management	$	19,339	$	(9,494)	$	—	$	9,845

Insurance Solutions
Intangible assets — indefinite life
State insurance licenses	2,444		—		—		2,444
Total intangible assets — Insurance Solutions	$	2,444	$	—	$	—	$	2,444


	December 31, 2025
	Gross carrying amount		Accumulated amortization		Accumulated impairment		Net carrying amount
Asset Management
Intangible assets — indefinite life
Investment management contracts	$	19,204	$	—	$	(19,204)	$	—
Profit sharing interest1	11,236		—		(3,045)		8,191
Intangible assets — definite life
Investment management contracts	11,544		(8,381)		(393)		2,770
Total intangible assets — Asset Management	$	41,984	$	(8,381)	$	(22,642)	$	10,961

Insurance Solutions
Intangible assets — indefinite life
State insurance licenses	2,444		—		—		2,444
Total intangible assets — Insurance Solutions	$	2,444	$	—	$	—	$	2,444

(1)On July 15, 2025, the merging of Logan Ridge Finance Corporation (“Logan Ridge”) into Portman Ridge Finance Corporation (“Portman Ridge” or “Portman”) closed, with the new combined entity renamed to BCIC. Upon the close of this merger, the Company’s investment management agreement with Logan Ridge was terminated, resulting in an impairment loss for the full carrying amount of the investment management agreement. Upon termination of the investment management agreement with Logan Ridge, the Company acquired a profit-sharing agreement with the owner of SCIM, which is the manager of BCIC, for no cash consideration. The acquisition of the profit-sharing agreement is presented as a gain that offsets the accumulated impairment loss on the Logan Ridge investment management agreement, in “Amortization and impairment of intangible assets” on the consolidated statements of operations for the year ended December 31, 2025. The profit-sharing agreement was determined to be an indefinite-lived intangible asset given the Company expects SCIM to be the investment manager of BCIC indefinitely, and for the owner of SCIM to hold its equity in SCIM indefinitely.