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Reserve for Future Policy Benefits (Tables)
 3 Months Ended
Mar. 31, 2025
Insurance Loss Reserves [Abstract]  
Liability for Future Policy Benefit, Activity [Table Text Block]
Rollforward of Reserve for Future Policy Benefits
For the three months ended March 31,
20252024
Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up Life
Present Value of Expected Net Premiums
Balance, beginning of the period$45 $49 
Balance, ending of the period $43 $47 
Present Value of Expected Future Policy Benefits
Beginning balance at single-A rate$128 $106 $168 $137 $113 $185 
Beginning adjustment for changes in single-A rate— (15)(33)7 (11)(32)
Beginning balance at original discount rate128 121 201 130 124 217 
Effect of changes in cash flow assumptions— — — — — — 
Effect of actual variances from expected experience1 2 (1)1 1 — 
Adjusted beginning balance129 123 200 131 125 217 
Interest accrual and other1 5 1 2 4 2 
Benefit Payments(3)(10)(4)(3)(8)(7)
Ending balance at original discount rate127 118 197 130 121 212 
Ending adjustment for changes in single-A rate2 (14)(30)5 (12)(35)
Ending balance at single-A rate$129 $104 $167 $135 $109 $177 
Net reserve for future policy benefits$129 $61 $167 $135 $62 $177 
Weighted-average duration of the reserve for future policy benefits (years)9.511.06.49.011.96.3
 Net Reserve for Future Policy Benefits
As of March 31,
20252024
Payout Annuities$129 $135 
Life Conversions61 62 
Paid-up Life167 177 
Deferred Profit Liability16 20 
Other76 85 
Total$449 $479 
Undiscounted Expected Future Gross Premiums and Benefit Payments
As of March 31,
20252024
Payout Annuities [1]
Expected future benefit payments$254 $255 
Life Conversions
Expected future gross premiums$103 $111 
Expected future benefit payments$194 $201 
Paid-up Life [1]
Expected future benefit payments$256 $274 
[1]Payout Annuities and Paid-up Life have no expected future gross premiums.
Weighted-Average Interest Rates
As of March 31,
20252024
Payout Annuities
Interest accretion rate5.6 %5.6 %
Current discount rate5.4 %5.1 %
Life Conversions
Interest accretion rate4.3 %4.2 %
Current discount rate5.5 %5.3 %
Paid-up Life
Interest accretion rate2.9 %2.9 %
Current discount rate5.1 %5.2 %