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v3.23.2

Reserve for Future Policy Benefits (Tables) | 6 Months Ended
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Jun. 30, 2023
Insurance Loss Reserves [Abstract] |
Liability for Future Policy Benefit, Activity [Table Text Block] |
Rollforward of Reserve for Future Policy Benefits
| For the six months ended June 30,
| 2023 |  | 2022
| Payout Annuities | Life Conversions | Paid-up Life |  | Payout Annuities | Life Conversions | Paid-up Life
Present Value of Expected Net Premiums |  |  |  |  |  |  |
Balance, beginning of the period |  | $ | 47 |  |  |  |  | $ | 58 |  |
Balance, ending of the period |  | $ | 44 |  |  |  |  | $ | 49 |  |
Present Value of Expected Future Policy Benefits |  |  |  |  |  |  |
Beginning balance at single-A rate | $ | 140 |  | $ | 112 |  | $ | 192 |  |  | $ | 188 |  | $ | 152 |  | $ | 262 |
Beginning adjustment for changes in single-A rate | 4 |  | (14) |  | (39) |  |  | 47 |  | 19 |  | 14 |
Beginning balance at original discount rate | 136 |  | 126 |  | 231 |  |  | 141 |  | 133 |  | 248 |
Effect of actual variances from expected experience | 1 |  | 3 |  | (1) |  |  | — |  | 3 |  | — |
Adjusted beginning balance | 137 |  | 129 |  | 230 |  |  | 141 |  | 136 |  | 248 |
Interest accrual | 4 |  | 9 |  | 3 |  |  | 4 |  | 8 |  | 4 |
Benefit Payments | (6) |  | (14) |  | (9) |  |  | (6) |  | (15) |  | (13) |
Ending balance at original discount rate | 135 |  | 124 |  | 224 |  |  | 139 |  | 129 |  | 239 |
Ending adjustment for changes in single-A rate | 4 |  | (15) |  | (38) |  |  | 13 |  | (7) |  | (27) |
Ending balance at single-A rate | $ | 139 |  | $ | 109 |  | $ | 186 |  |  | $ | 152 |  | $ | 122 |  | $ | 212 |
Net reserve for future policy benefits | $ | 139 |  | $ | 65 |  | $ | 186 |  |  | $ | 152 |  | $ | 73 |  | $ | 212 |
Weighted-average duration of the reserve for future policy benefits (years) | 9.1 | 12.2 | 6.3 |  | 9.2 | 13.0 | 6.9
Net Reserve for Future Policy Benefits
| As of June 30,
| 2023 | 2022
Payout Annuities | $ | 139 |  | $ | 152 |
Life Conversions | 65 |  | 73 |
Paid-up Life | 186 |  | 212 |
DPL | 19 |  | 20 |
Other | 80 |  | 93 |
Total | $ | 489 |  | $ | 550 |
Undiscounted Expected Future Gross Premiums and Benefit Payments
| As of June 30,
| 2023 | 2022 |
Payout Annuities [1] |  |  |
Expected future benefit payments | $ | 267 |  | $ | 277 |  |
Life Conversions |  |  |
Expected future gross premiums | $ | 117 |  | $ | 126 |  |
Expected future benefit payments | $ | 208 |  | $ | 218 |  |
Paid-up Life [1] |  |  |
Expected future benefit payments | $ | 290 |  | $ | 312 |  |
[1]Payout Annuities and Paid-up Life have no expected future gross premiums.
Weighted-Average Interest Rates
| For the six months ended June 30,
| 2023 | 2022
Payout Annuities |  |
Interest accretion rate | 5.6 | % | 5.6 | %
Current discount rate | 5.2 | % | 4.6 | %
Life Conversions |  |
Interest accretion rate | 4.2 | % | 4.1 | %
Current discount rate | 5.2 | % | 4.7 | %
Paid-up Life |  |
Interest accretion rate | 2.9 | % | 2.9 | %
Current discount rate | 5.3 | % | 4.3 | %

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- Definition Tabular disclosure of beginning balance to ending balance for liability for future policy benefit, with separate presentation of expected future net premium and expected future benefit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480046/944-40-55-29E Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-6 + Details
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