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

Intangible Assets

v3.23.1
Intangible Assets
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Intangible Assets    
Intangible Assets

Note 7: Intangible Assets

Intangible assets, net consisted of the following as of:

    

March 31, 2023

December 31, 2022

Gross

Net

Gross

Net

 Carrying

Accumulated

 Carrying

 Carrying

Accumulated

 Carrying

    

 Amount

    

 Amortization

    

 Amount

    

 Amount

    

 Amortization

    

 Amount

 

(in thousands)

Indefinite lived intangible assets:

 

  

 

  

 

  

 

  

 

  

 

  

Medical licenses

$

700

$

$

700

$

700

$

$

700

Definite lived intangible assets:

 

  

 

  

 

  

 

  

 

  

 

  

Customer relationships

 

684,000

 

(91,200)

 

592,800

 

684,000

 

(74,100)

 

609,900

Trademarks

 

148,635

 

(20,255)

 

128,380

 

148,635

 

(16,704)

 

131,931

Payor contracts

 

4,700

 

(588)

 

4,112

 

4,700

 

(470)

 

4,230

Provider network

 

4,800

 

(631)

 

4,169

 

4,800

 

(511)

 

4,289

Total

$

842,835

$

(112,674)

$

730,161

$

842,835

$

(91,785)

$

751,050

Amortization of intangible assets was $20.9 million and $21.2 million during the three months ended March 31, 2023 and 2022, respectively.

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.