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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2025
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 December 31, 2023 | $ | 345 |  |  | $ | 70 |  |  | $ | 316 |  |  | $ | 731 |
Acquisitions (1) | 246 |  |  | 9 |  |  | 637 |  |  | 892 |
Amortization | — |  |  | — |  |  | (235) |  |  | (235) |
Foreign currency movements and other adjustments (2) | (20) |  |  | — |  |  | (17) |  |  | (37) |
Net balance at December 31, 2024 | 571 |  |  | 79 |  |  | 701 |  |  | 1,351 |
Acquisitions (1) | 30 |  |  | — |  |  | 2 |  |  | 32 |
Amortization | — |  |  | — |  |  | (193) |  |  | (193) |
Foreign currency movements and other adjustments | 6 |  |  | 2 |  |  | 24 |  |  | 32 |
Net balance at December 31, 2025 | $ | 607 |  |  | $ | 81 |  |  | $ | 534 |  |  | $ | 1,222 |
Gross balance at December 31, 2025 | $ | 606 |  |  | $ | 80 |  |  | $ | 1,726 |  |  | $ | 2,412 |
Accumulated amortization | — |  |  | — |  |  | (1,171) |  |  | (1,171) |
Foreign currency movements and other adjustments | 1 |  |  | 1 |  |  | (21) |  |  | (19) |
Net balance at December 31, 2025 | $ | 607 |  |  | $ | 81 |  |  | $ | 534 |  |  | $ | 1,222 |
(1) See note 2. (2) Amount primarily related to the sale of Castel Underwriting Agencies Limited. The following table presents the components of goodwill and intangible assets:
| Gross Balance |  | Accumulated Amortization |  | Foreign Currency Translation Adjustment and Other |  | Net Balance
December 31, 2025 |  |  |  |  |  |
Acquired insurance contracts | $ | 620 |  |  | $ | (619) |  |  | $ | — |  |  | $ | 1 |
Operating platform | 117 |  |  | (78) |  |  | — |  |  | 39 |
Distribution relationships | 865 |  |  | (427) |  |  | (21) |  |  | 417 |
Goodwill | 606 |  |  | — |  |  | 1 |  |  | 607 |
Insurance licenses | 58 |  |  | — |  |  | — |  |  | 58 |
Syndicate capacity | 22 |  |  | — |  |  | 1 |  |  | 23 |
Unfavorable service contract | (10) |  |  | 10 |  |  | — |  |  | — |
Other | 134 |  |  | (57) |  |  | — |  |  | 77 |
Total | $ | 2,412 |  |  | $ | (1,171) |  |  | $ | (19) |  |  | $ | 1,222 |
December 31, 2024 |  |  |  |  |  |
Acquired insurance contracts | $ | 620 |  |  | $ | (562) |  |  | $ | 1 |  |  | $ | 59 |
Operating platform | 117 |  |  | (63) |  |  | — |  |  | 54 |
Distribution relationships | 865 |  |  | (358) |  |  | (30) |  |  | 477 |
Goodwill | 576 |  |  | — |  |  | (5) |  |  | 571 |
Insurance licenses | 58 |  |  | — |  |  | — |  |  | 58 |
Syndicate capacity | 22 |  |  | — |  |  | (1) |  |  | 21 |
Unfavorable service contract | (10) |  |  | 10 |  |  | — |  |  | — |
Other | 132 |  |  | (21) |  |  | — |  |  | 111 |
Total | $ | 2,380 |  |  | $ | (994) |  |  | $ | (35) |  |  | $ | 1,351 |
The estimated remaining amortization expense for the Company’s intangible assets with finite lives is as follows:
2026 | $ | 119 |
2027 | 93 |
2028 | 78 |
2029 | 65 |
2030 | 51 |
2031 and thereafter | 128 |
Total | $ | 534 |
The estimated remaining useful lives of these assets range from one to eleven years at December 31, 2025.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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