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Goodwill and Specifically Identifiable Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill (in millions) by segment were as follows:
|  |  |  |  | For the Year Ended December 31, 2024
| Gross Goodwill as of Beginning- of-Year |  | Accumulated Impairment as of Beginning- of-Year |  | Net Goodwill as of Beginning- of-Year |  | Impairment |  | Net Goodwill as of End- of-Year
Annuities | $ | 1,040 |  |  | $ | (600) |  |  | $ | 440 |  |  | $ | – |  |  | $ | 440 |
Group Protection | 684 |  |  | – |  |  | 684 |  |  | – |  |  | 684 |
Retirement Plan Services | 20 |  |  | – |  |  | 20 |  |  | – |  |  | 20 |
Total goodwill | $ | 1,744 |  |  | $ | (600) |  |  | $ | 1,144 |  |  | $ | – |  |  | $ | 1,144 |
|  |  |  |  | For the Year Ended December 31, 2023
| Gross Goodwill as of Beginning- of-Year |  | Accumulated Impairment as of Beginning- of-Year |  | Net Goodwill as of Beginning- of-Year |  | Impairment |  | Net Goodwill as of End- of-Year
Annuities | $ | 1,040 |  |  | $ | (600) |  |  | $ | 440 |  |  | $ | – |  |  | $ | 440 |
Group Protection | 684 |  |  | – |  |  | 684 |  |  | – |  |  | 684 |
Retirement Plan Services | 20 |  |  | – |  |  | 20 |  |  | – |  |  | 20 |
Total goodwill | $ | 1,744 |  |  | $ | (600) |  |  | $ | 1,144 |  |  | $ | – |  |  | $ | 1,144 |
Schedule of Intangible Assets by Reportable Segment | The gross carrying amounts and accumulated amortization (in millions) for each major specifically identifiable intangible asset class by segment were as follows:
| As of December 31, 2024 |  | As of December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Life Insurance: |  |  |  |  |  |  |
Sales force | $ | 100 |  |  | $ | 75 |  |  | $ | 100 |  |  | $ | 71 |
Group Protection: |  |  |  |  |  |  |
VOCRA | 576 |  |  | 175 |  |  | 576 |  |  | 145 |
VODA | 31 |  |  | 15 |  |  | 31 |  |  | 12 |
Retirement Plan Services: |  |  |  |  |  |  |
Mutual fund contract rights (1) | 5 |  |  | – |  |  | 5 |  |  | – |
Total | $ | 712 |  |  | $ | 265 |  |  | $ | 712 |  |  | $ | 228 |
(1) No amortization recorded as the intangible asset has indefinite life.
Future Estimated Amortization of Specifically Identifiable Intangible Assets | Future estimated amortization of specifically identifiable intangible assets (in millions) as of December 31, 2024, was as follows:
2025 | $ | 37 |
2026 | 37 |
2027 | 37 |
2028 | 37 |
2029 | 35 |
Thereafter | 259 |

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