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Reserve for Future Policy Benefits (Tables) | 12 Months Ended
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Dec. 31, 2024
Insurance Loss Reserves [Abstract] |
Liability for Future Policy Benefit, Activity |
Rollforward of Reserve for Future Policy Benefits |  |  |
| For the year ended December 31, |  |  |
| 2024 |  | 2023 |  | 2022 |  |  |
| Payout Annuities | Life Conversions | Paid-up Life |  | 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 |  | $ | 49 |  |  |  |  | $ | 47 |  |  |  |  | $ | 58 |  |  |  |  |
Balance, ending of the period |  | $ | 45 |  |  |  |  | $ | 49 |  |  |  |  | $ | 47 |  |  |  |  |
Present Value of Expected Future Policy Benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance at single-A rate | $ | 137 |  | $ | 113 |  | $ | 185 |  |  | $ | 140 |  | $ | 112 |  | $ | 192 |  |  | $ | 188 |  | $ | 152 |  | $ | 262 |  |  |  |
Beginning adjustment for changes in single-A rate | 7 |  | (11) |  | (32) |  |  | 4 |  | (14) |  | (39) |  |  | 47 |  | 19 |  | 14 |  |  |  |
Beginning balance at original discount rate | 130 |  | 124 |  | 217 |  |  | 136 |  | 126 |  | 231 |  |  | 141 |  | 133 |  | 248 |  |  |  |
Effect of changes in cash flow assumptions | 2 |  | 2 |  | — |  |  | (2) |  | — |  | — |  |  | — |  | — |  | — |  |  |  |
Effect of actual variances from expected experience | 1 |  | 3 |  | (1) |  |  | 1 |  | 7 |  | (1) |  |  | — |  | 5 |  | — |  |  |  |
Adjusted beginning balance | 133 |  | 129 |  | 216 |  |  | 135 |  | 133 |  | 230 |  |  | 141 |  | 138 |  | 248 |  |  |  |
Interest accrual and other | 7 |  | 20 |  | 7 |  |  | 7 |  | 20 |  | 8 |  |  | 8 |  | 17 |  | 7 |  |  |  |
Benefit Payments | (12) |  | (28) |  | (22) |  |  | (12) |  | (29) |  | (21) |  |  | (13) |  | (29) |  | (24) |  |  |  |
Ending balance at original discount rate | 128 |  | 121 |  | 201 |  |  | 130 |  | 124 |  | 217 |  |  | 136 |  | 126 |  | 231 |  |  |  |
Ending adjustment for changes in single-A rate | — |  | (15) |  | (33) |  |  | 7 |  | (11) |  | (32) |  |  | 4 |  | (14) |  | (39) |  |  |  |
Ending balance at single-A rate | $ | 128 |  | $ | 106 |  | $ | 168 |  |  | $ | 137 |  | $ | 113 |  | $ | 185 |  |  | $ | 140 |  | $ | 112 |  | $ | 192 |  |  |  |
Net reserve for future policy benefits | $ | 128 |  | $ | 61 |  | $ | 168 |  |  | $ | 137 |  | $ | 64 |  | $ | 185 |  |  | $ | 140 |  | $ | 65 |  | $ | 192 |  |  |  |
Weighted-average duration of the reserve for future policy benefits (years) | 9.2 | 11.0 | 6.3 |  | 9.0 | 12.2 | 6.4 |  | 9.2 | 11.4 | 6.4 |  |  |
Net Reserve for Future Policy Benefits
| As of December 31, |
| 2024 | 2023 | 2022 |
Payout Annuities | $ | 128 |  | $ | 137 |  | $ | 140 |  |
Life Conversions | 61 |  | 64 |  | 65 |  |
Paid-up Life | 168 |  | 185 |  | 192 |  |
Deferred Profit Liability | 17 |  | 20 |  | 19 |  |
Other | 74 |  | 78 |  | 86 |  |
Total | $ | 448 |  | $ | 484 |  | $ | 502 |  |
Undiscounted Expected Future Gross Premiums and Benefit Payments
| As of December 31,
| 2024 | 2023 | 2022
Payout Annuities [1] |  |  |
Expected future benefit payments | $ | 256 |  | $ | 257 |  | $ | 272 |
Life Conversions |  |  |
Expected future gross premiums | $ | 106 |  | $ | 114 |  | $ | 120 |
Expected future benefit payments | $ | 198 |  | $ | 204 |  | $ | 212 |
Paid-up Life [1] |  |  |
Expected future benefit payments | $ | 260 |  | $ | 281 |  | $ | 300 |
[1]Payout Annuities and Paid-up Life have no expected future gross premiums.
Weighted-Average Interest Rates
| As of December 31,
| 2024 | 2023 | 2022
Payout Annuities |  |  |
Interest accretion rate | 5.6 | % | 5.6 | % | 5.6 | %
Current discount rate | 5.5 | % | 5.0 | % | 5.3 | %
Life Conversions |  |  |
Interest accretion rate | 4.3 | % | 4.2 | % | 4.1 | %
Current discount rate | 5.6 | % | 5.1 | % | 5.3 | %
Paid-up Life |  |  |
Interest accretion rate | 2.9 | % | 2.9 | % | 2.9 | %
Current discount rate | 5.3 | % | 5.0 | % | 5.2 | %

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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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