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INTANGIBLE ASSETS (Tables)
 6 Months Ended
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, 2024December 31, 2023
AS OF
US$ MILLIONS		Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Distributor relationships$1,505 $(12)$1,493 $28 $— $28 
Trade name71 (5)66 24 (2)22 
Unpaid claims reserve intangible asset
103 (20)83 104 (5)99 
Software and other69 (5)64 32 (2)30 
Total definite-lived intangible assets1,748 (42)1,706 188 (9)179 
Indefinite-lived intangible assets:
Insurance licenses71 — 71 56 — 56 
Total$1,819 $(42)$1,777 $244 $(9)$235 
Components of Indefinite-lived Intangible Assets
The components of definite-lived and indefinite-lived intangible assets are as follows. Refer to Note 14 for VOBA asset, which is an actuarial intangible asset arising from a business combination.
June 30, 2024December 31, 2023
AS OF
US$ MILLIONS		Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Distributor relationships$1,505 $(12)$1,493 $28 $— $28 
Trade name71 (5)66 24 (2)22 
Unpaid claims reserve intangible asset
103 (20)83 104 (5)99 
Software and other69 (5)64 32 (2)30 
Total definite-lived intangible assets1,748 (42)1,706 188 (9)179 
Indefinite-lived intangible assets:
Insurance licenses71 — 71 56 — 56 
Total$1,819 $(42)$1,777 $244 $(9)$235 
Schedule of Estimated Future Amortization Expense
The following table outlines the estimated future amortization expense related to definite-lived intangible assets held as of June 30, 2024.
YearsUS$ MILLIONS
20241
$57 
2025105 
202697 
202792 
202886 
Thereafter1,269 
Total amortization expense$1,706 
1.Expected amortization for the remainder of 2024.