XML 63 R48.htm IDEA: XBRL DOCUMENT v3.25.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill reported in the Company's operating segments were as follows:
Retirement
Investment Management
Employee Benefits
Corporate(1)
Consolidated
Balance as of January 1, 2024$17 $286 $343 $102 $748 
Additions from business combinations
— — — — — 
Balance as of December 31, 202417 286 343 102 748 
Additions from business combinations(2)
56 — — — 56 
Balance as of December 31, 2025$73 $286 $343 $102 $804 
(1) Corporate includes goodwill that was acquired by the parent company and not pushed to a subsidiary within the Company’s reportable segments. The carrying value of goodwill within Corporate is allocated to Retirement, Investment Management and Employee Benefits segments as $72, $10 and $20, respectively.
(2) During 2025, the Company recognized goodwill of $56 as a result of the acquisition of OneAmerica Financial's full-service retirement plan business.
Schedule of other intangible assets
The following table presents other intangible assets as of the dates indicated:
Weighted
Average
Amortization
Lives (Years)
December 31, 2025December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Indefinite-life intangibles:
Management contract rightsN/A$350 $— $350 $350 $— $350 
Finite-life intangibles:
Management contract rights(1)
17131 27 104 131 19 112 
Customer relationship lists(2)
16345 162 183 325 145 180 
Trademarks815 15 11 
Computer software(3)
5506 278 228 432 253 179 
Total intangible assets$1,347 $473 $874 $1,253 $421 $832 
(1) During the fourth quarter of 2024, $18 of management contracts related to a prior acquisition were derecognized, and the related loss was recorded in Operating expenses in the Consolidated Statements of Operations, and reported in the Investment Management segment.
(2) During 2025, as a result of the acquisition of OneAmerica Financial's full-service retirement plan business, the Company recognized intangible assets of $21, which will be amortized over a weighted average useful life of 13 years.
(3) Fully amortized computer software of $47 was written-off during the year ended December 31, 2025.
Schedule of estimated amortization expense of intangible assets
The estimated amortization of intangible assets for the next five years are as follows:
YearAmount
2026$106 
202785 
202851 
202939 
203038