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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | The following table shows an analysis of goodwill and intangible assets:
| Goodwill |  | Intangible assets (indefinite life) |  | Intangible assets (finite life) |  | Total
Net balance at Dec. 31, 2021 | $ | 345 |  |  | $ | 71 |  |  | $ | 529 |  |  | $ | 945 |
Acquisitions (1) | 8 |  |  | — |  |  | — |  |  | 8 |
Amortization | — |  |  | — |  |  | (106) |  |  | (106) |
Foreign currency movements and other adjustments | (11) |  |  | (2) |  |  | (30) |  |  | (43) |
Net balance at Dec. 31, 2022 | 342 |  |  | 69 |  |  | 393 |  |  | 804 |
Acquisitions (1) | — |  |  | — |  |  | 11 |  |  | 11 |
Amortization | — |  |  | — |  |  | (95) |  |  | (95) |
Impairment | (2) |  |  | — |  |  | — |  |  | (2) |
Foreign currency movements and other adjustments | 5 |  |  | 1 |  |  | 7 |  |  | 13 |
Net balance at Dec. 31, 2023 | $ | 345 |  |  | $ | 70 |  |  | $ | 316 |  |  | $ | 731 |
Gross balance at Dec. 31, 2023 | $ | 348 |  |  | $ | 70 |  |  | $ | 1,105 |  |  | $ | 1,523 |
Accumulated amortization | — |  |  | — |  |  | (766) |  |  | (766) |
Foreign currency movements and other adjustments | (3) |  |  | — |  |  | (23) |  |  | (26) |
Net balance at Dec. 31, 2023 | $ | 345 |  |  | $ | 70 |  |  | $ | 316 |  |  | $ | 731 |
(1) See note 2, “Acquisitions.” The following table presents the components of goodwill and intangible assets:
| Gross Balance |  | Accumulated Amortization |  | Foreign Currency Translation Adjustment and Other |  | Net Balance
Dec. 31, 2023 |  |  |  |  |  |  |
Acquired insurance contracts | $ | 452 |  |  | $ | (441) |  |  | $ | — |  |  | $ | 11 |
Operating platform | 64 |  |  | (54) |  |  | — |  |  | 10 |
Distribution relationships | 594 |  |  | (277) |  |  | (23) |  |  | 294 |
Goodwill | 348 |  |  | — |  |  | (3) |  |  | 345 |
Insurance licenses | 48 |  |  | — |  |  | — |  |  | 48 |
Syndicate capacity | 22 |  |  | — |  |  | — |  |  | 22 |
Unfavorable service contract | (10) |  |  | 10 |  |  | — |  |  | — |
Other | 5 |  |  | (4) |  |  | — |  |  | 1 |
Total | $ | 1,523 |  |  | $ | (766) |  |  | $ | (26) |  |  | $ | 731 |
Dec. 31, 2022 |  |  |  |  |  |  |
Acquired insurance contracts | $ | 452 |  |  | $ | (426) |  |  | $ | (1) |  |  | $ | 25 |
Operating platform | 53 |  |  | (50) |  |  | — |  |  | 3 |
Distribution relationships | 602 |  |  | (208) |  |  | (31) |  |  | 363 |
Goodwill | 351 |  |  | — |  |  | (9) |  |  | 342 |
Insurance licenses | 48 |  |  | — |  |  | — |  |  | 48 |
Syndicate capacity | 22 |  |  | — |  |  | (1) |  |  | 21 |
Unfavorable service contract | (10) |  |  | 10 |  |  | — |  |  | — |
Other | 5 |  |  | (3) |  |  | — |  |  | 2 |
Total | $ | 1,523 |  |  | $ | (677) |  |  | $ | (42) |  |  | $ | 804 |
The estimated remaining amortization expense for the Company’s intangible assets with finite lives is as follows:
2024 | $ | 77 |
2025 | 46 |
2026 | 34 |
2027 | 31 |
2028 | 29 |
2029 and thereafter | 99 |
Total | $ | 316 |
The estimated remaining useful lives of these assets range from one to thirteen years at December 31, 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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