v3.26.1
Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule 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, 2026December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(Dollars in millions)
Definite-lived intangible assets:
Distributor relationships$1,440 $(128)$1,312 $1,445 $(103)$1,342 
Trade name58 (14)44 58 (11)47 
Software and other279 (182)97 125 (40)85 
Total definite-lived intangible assets1,777 (324)1,453 1,628 (154)1,474 
Indefinite-lived intangible assets:
Insurance licenses27 — 27 27 — 27 
Total indefinite-lived intangible assets27 — 27 27 — 27 
Total intangible assets$1,804 $(324)$1,480 $1,655 $(154)$1,501 
Schedule 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, 2026December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(Dollars in millions)
Definite-lived intangible assets:
Distributor relationships$1,440 $(128)$1,312 $1,445 $(103)$1,342 
Trade name58 (14)44 58 (11)47 
Software and other279 (182)97 125 (40)85 
Total definite-lived intangible assets1,777 (324)1,453 1,628 (154)1,474 
Indefinite-lived intangible assets:
Insurance licenses27 — 27 27 — 27 
Total indefinite-lived intangible assets27 — 27 27 — 27 
Total intangible assets$1,804 $(324)$1,480 $1,655 $(154)$1,501 
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, 2026.
Years(Dollars in millions)
2026 (1)$52 
202794 
202886 
202976 
203071 
Thereafter1,074 
Total amortization expense$1,453 
(1)Expected amortization for the remainder of 2026.