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v3.25.2

Reserve for Future Policy Benefits (Tables) | 6 Months Ended
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Jun. 30, 2025
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,
| 2025 |  | 2024
| 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 |  | $ | 45 |  |  |  |  | $ | 49 |  |
Balance, ending of the period |  | $ | 43 |  |  |  |  | $ | 45 |  |
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 rate | 128 |  | 121 |  | 201 |  |  | 130 |  | 124 |  | 217 |
Effect of changes in cash flow assumptions | — |  | — |  | — |  |  | — |  | — |  | — |
Effect of actual variances from expected experience | (2) |  | 3 |  | (1) |  |  | 1 |  | 2 |  | — |
Adjusted beginning balance | 126 |  | 124 |  | 200 |  |  | 131 |  | 126 |  | 217 |
Interest accrual and other | 3 |  | 11 |  | 3 |  |  | 3 |  | 9 |  | 3 |
Benefit Payments | (6) |  | (16) |  | (12) |  |  | (6) |  | (16) |  | (12) |
Ending balance at original discount rate | 123 |  | 119 |  | 191 |  |  | 128 |  | 119 |  | 208 |
Ending adjustment for changes in single-A rate | 1 |  | (15) |  | (28) |  |  | 1 |  | (14) |  | (36) |
Ending balance at single-A rate | $ | 124 |  | $ | 104 |  | $ | 163 |  |  | $ | 129 |  | $ | 105 |  | $ | 172 |
Net reserve for future policy benefits | $ | 124 |  | $ | 61 |  | $ | 163 |  |  | $ | 129 |  | $ | 60 |  | $ | 172 |
Weighted-average duration of the reserve for future policy benefits (years) | 9.3 | 11.0 | 6.5 |  | 9.0 | 11.5 | 6.3
Net Reserve for Future Policy Benefits
| As of June 30,
| 2025 | 2024
Payout Annuities | $ | 124 |  | $ | 129 |
Life Conversions | 61 |  | 60 |
Paid-up Life | 163 |  | 172 |
Deferred Profit Liability | 19 |  | 20 |
Other | 76 |  | 83 |
Total | $ | 443 |  | $ | 464 |
Undiscounted Expected Future Gross Premiums and Benefit Payments
| As of June 30, |  |  |  |
| 2025 | 2024 |  |  |  |  |
Payout Annuities [1] |  |  |  |  |  |  |
Expected future benefit payments | $ | 242 |  | $ | 252 |  |  |  |  |  |
Life Conversions |  |  |  |  |  |  |
Expected future gross premiums | $ | 102 |  | $ | 109 |  |  |  |  |  |
Expected future benefit payments | $ | 192 |  | $ | 199 |  |  |  |  |  |
Paid-up Life [1] |  |  |  |  |  |  |
Expected future benefit payments | $ | 249 |  | $ | 268 |  |  |  |  |  |
[1]Payout Annuities and Paid-up Life have no expected future gross premiums.
Weighted-Average Interest Rates |
| As of June 30, |
| 2025 | 2024 |
Payout Annuities |  |  |
Interest accretion rate | 5.6 | % | 5.6 | % |
Current discount rate | 5.4 | % | 5.5 | % |
Life Conversions |  |  |
Interest accretion rate | 4.3 | % | 4.2 | % |
Current discount rate | 5.6 | % | 5.5 | % |
Paid-up Life |  |  |
Interest accretion rate | 2.9 | % | 2.9 | % |
Current discount rate | 5.0 | % | 5.4 | % |

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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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