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INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of 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, 2025 |  | December 31, 2024
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 |  | $ | 1,466 |  |  | $ | (71) |  |  | $ | 1,395 |  |  | $ | 1,466 |  |  | $ | (43) |  |  | $ | 1,423 |
Trade name |  | 71 |  |  | (13) |  |  | 58 |  |  | 71 |  |  | (9) |  |  | 62 |
Unpaid claims reserve intangible asset |  | 103 |  |  | (50) |  |  | 53 |  |  | 103 |  |  | (37) |  |  | 66 |
Software and other |  | 148 |  |  | (39) |  |  | 109 |  |  | 85 |  |  | (17) |  |  | 68 |
Total definite-lived intangible assets |  | 1,788 |  |  | (173) |  |  | 1,615 |  |  | 1,725 |  |  | (106) |  |  | 1,619 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Insurance licenses |  | 67 |  |  | — |  |  | 67 |  |  | 71 |  |  | — |  |  | 71 |
Total |  | $ | 1,855 |  |  | $ | (173) |  |  | $ | 1,682 |  |  | $ | 1,796 |  |  | $ | (106) |  |  | $ | 1,690 |
Schedule of 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, 2025 |  | December 31, 2024
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 |  | $ | 1,466 |  |  | $ | (71) |  |  | $ | 1,395 |  |  | $ | 1,466 |  |  | $ | (43) |  |  | $ | 1,423 |
Trade name |  | 71 |  |  | (13) |  |  | 58 |  |  | 71 |  |  | (9) |  |  | 62 |
Unpaid claims reserve intangible asset |  | 103 |  |  | (50) |  |  | 53 |  |  | 103 |  |  | (37) |  |  | 66 |
Software and other |  | 148 |  |  | (39) |  |  | 109 |  |  | 85 |  |  | (17) |  |  | 68 |
Total definite-lived intangible assets |  | 1,788 |  |  | (173) |  |  | 1,615 |  |  | 1,725 |  |  | (106) |  |  | 1,619 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Insurance licenses |  | 67 |  |  | — |  |  | 67 |  |  | 71 |  |  | — |  |  | 71 |
Total |  | $ | 1,855 |  |  | $ | (173) |  |  | $ | 1,682 |  |  | $ | 1,796 |  |  | $ | (106) |  |  | $ | 1,690 |
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, 2025.
Years |  | US$ MILLIONS
2025(1) |  | $ | 61 |
2026 |  | 119 |
2027 |  | 100 |
2028 |  | 90 |
2029 |  | 80 |
Thereafter |  | 1,165 |
Total amortization expense |  | $ | 1,615 |
__________________________ (1)Expected amortization for the remainder of 2025.

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