General form of registration statement for all companies including face-amount certificate companies

Intangible Assets, Net

v3.23.1
Intangible Assets, Net
12 Months Ended
Dec. 31, 2022
Intangible Assets, Net  
Intangible Assets, Net

Note 9: Intangible Assets, Net

Intangible assets, net consisted of the following as of:

December 31,

2022

2021

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Gross Carrying

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amount

    

Amount

Indefinite lived intangible assets:

Medical licenses

$

700

$

$

700

$

700

$

$

700

Definite lived intangible assets:

 

 

 

 

 

 

Customer relationships

684,000

(74,100)

609,900

684,000

(5,700)

678,300

Trademarks

148,635

(16,704)

131,931

148,600

(1,230)

147,370

Payor contracts

4,700

(470)

4,230

4,700

4,700

Provider network

4,800

(511)

4,289

4,800

(31)

4,769

Total

$

842,835

$

(91,785)

$

751,050

$

842,800

$

(6,961)

$

835,839

Amortization of intangible assets was $84.8 million and $7.0 million during the year ended December 31, 2022, and Successor Period of 2021, respectively. Estimated future amortization of intangible assets is $84.6 million for the year 2023 and $84.2 million for each of the years 2024 through 2027.