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INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Components of Definite-lived Intangible Assets | The components of definite-lived and indefinite-lived intangible assets are as follows. Refer to Note 14 for VOBA asset, which is an actuarial intangible asset arising from a business combination.
|  | June 30, 2024 |  | December 31, 2023
AS OF US$ MILLIONS |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Distributor relationships |  | $ | 1,505 |  |  | $ | (12) |  |  | $ | 1,493 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 28 |
Trade name |  | 71 |  |  | (5) |  |  | 66 |  |  | 24 |  |  | (2) |  |  | 22 |
Unpaid claims reserve intangible asset |  | 103 |  |  | (20) |  |  | 83 |  |  | 104 |  |  | (5) |  |  | 99 |
Software and other |  | 69 |  |  | (5) |  |  | 64 |  |  | 32 |  |  | (2) |  |  | 30 |
Total definite-lived intangible assets |  | 1,748 |  |  | (42) |  |  | 1,706 |  |  | 188 |  |  | (9) |  |  | 179 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Insurance licenses |  | 71 |  |  | — |  |  | 71 |  |  | 56 |  |  | — |  |  | 56 |
Total |  | $ | 1,819 |  |  | $ | (42) |  |  | $ | 1,777 |  |  | $ | 244 |  |  | $ | (9) |  |  | $ | 235 |
Components of Indefinite-lived Intangible Assets | The components of definite-lived and indefinite-lived intangible assets are as follows. Refer to Note 14 for VOBA asset, which is an actuarial intangible asset arising from a business combination.
|  | June 30, 2024 |  | December 31, 2023
AS OF US$ MILLIONS |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Distributor relationships |  | $ | 1,505 |  |  | $ | (12) |  |  | $ | 1,493 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 28 |
Trade name |  | 71 |  |  | (5) |  |  | 66 |  |  | 24 |  |  | (2) |  |  | 22 |
Unpaid claims reserve intangible asset |  | 103 |  |  | (20) |  |  | 83 |  |  | 104 |  |  | (5) |  |  | 99 |
Software and other |  | 69 |  |  | (5) |  |  | 64 |  |  | 32 |  |  | (2) |  |  | 30 |
Total definite-lived intangible assets |  | 1,748 |  |  | (42) |  |  | 1,706 |  |  | 188 |  |  | (9) |  |  | 179 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Insurance licenses |  | 71 |  |  | — |  |  | 71 |  |  | 56 |  |  | — |  |  | 56 |
Total |  | $ | 1,819 |  |  | $ | (42) |  |  | $ | 1,777 |  |  | $ | 244 |  |  | $ | (9) |  |  | $ | 235 |
Schedule of Estimated Future Amortization Expense | The following table outlines the estimated future amortization expense related to definite-lived intangible assets held as of June 30, 2024.
Years |  | US$ MILLIONS
2024 1 |  | $ | 57 |
2025 |  | 105 |
2026 |  | 97 |
2027 |  | 92 |
2028 |  | 86 |
Thereafter |  | 1,269 |
Total amortization expense |  | $ | 1,706 |
1.Expected amortization for the remainder of 2024.

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