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Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Definite-lived Intangible Assets
The components of definite-lived and indefinite-lived intangible assets are as follows. Refer to Note 14 - Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired for VOBA asset, which is an actuarial intangible asset arising from a business combination.
June 30, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(Dollars in millions)
Definite-lived intangible assets:
Distributor relationships$1,445 $(68)$1,377 $1,445 $(41)$1,404 
Trade name58 (9)49 58 (6)52 
Software and other114 (29)85 52 (9)43 
Total definite-lived intangible assets1,617 (106)1,511 1,555 (56)1,499 
Indefinite-lived intangible assets:
Insurance licenses46 — 46 46 — 46 
Total indefinite-lived intangible assets46 — 46 46 — 46 
Total intangible assets$1,663 $(106)$1,557 $1,601 $(56)$1,545 
Components of Indefinite-lived Intangible Assets
The components of definite-lived and indefinite-lived intangible assets are as follows. Refer to Note 14 - Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired for VOBA asset, which is an actuarial intangible asset arising from a business combination.
June 30, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(Dollars in millions)
Definite-lived intangible assets:
Distributor relationships$1,445 $(68)$1,377 $1,445 $(41)$1,404 
Trade name58 (9)49 58 (6)52 
Software and other114 (29)85 52 (9)43 
Total definite-lived intangible assets1,617 (106)1,511 1,555 (56)1,499 
Indefinite-lived intangible assets:
Insurance licenses46 — 46 46 — 46 
Total indefinite-lived intangible assets46 — 46 46 — 46 
Total intangible assets$1,663 $(106)$1,557 $1,601 $(56)$1,545 
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(Dollars in millions)
2025 (1)$45 
202693 
202782 
202877 
202971 
Thereafter1,143 
Total amortization expense$1,511 
(1)Expected amortization for the remainder of 2025.