Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 209

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 209
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          | — |     | $   | 216,342 |

| December 31, 2023             |     | Amortization Period (Years) |     | Cost |         |     | Accumulated Amortization |          |     | Impairment |        |     | Net |         |
|:------------------------------|:----|----------------------------:|:----|:-----|--------:|:----|:-------------------------|---------:|:----|:-----------|-------:|:----|:----|--------:|
| Non-amortizing intangibles    |     |                             |     |      |         |     |                          |          |     |            |        |     |     |         |
| Trade name                    |     |                         N/A |     | $    |  27,500 |     | $                        |        — |     | $          | -6,400 |     | $   |  21,100 |
| Amortizing intangibles        |     |                             |     |      |         |     |                          |          |     |            |        |     |     |         |
| Broker/customer relationships |     |                           9 |     |      | 334,700 |     |                          | -102,269 |     |            |      — |     |     | 232,431 |
| Total intangibles             |     |                             |     | $    | 362,200 |     | $                        | -102,269 |     | $          | -6,400 |     | $   | 253,531 |

There was nointangible asset impairment for the year ended December 31, 2024. Based on the annual impairment testing in the fourth quarter of 2023, the Company recognized an indefinite-lived intangible asset impairment of $ 6.4million for the year ended December 31, 2023 at the Portfolio Management reporting unit.

Amortization expense was $ 37.2million for each of the years ended December 31, 2024 and 2023.

As of December 31, 2024, t he estimated amortization expense for the next five years and thereafter is as follows (in thousands):

| Year Ending December 31,          
 2025                              |     | Amount |  37,189 |
|:----------------------------------|:----|:-------|--------:|
| 2026                              |     |        |  37,