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Other Policyholder Funds and Benefits Payable

6 Months Ended

Jun. 30, 2025

Policyholder Account Balance Disclosure [Text Block]

11. Other Policyholder Funds and Benefits Payable

Other policyholder funds and benefits payable of $612 and $622 as of June 30, 2025 and 2024 respectively, included universal life long-duration contracts of $201 and $210 as well as policyholder balances related to short-duration contracts of $411

and $412. The universal life long-duration contracts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.


Universal Life Long Duration Contracts Rollforward
	For the six months ended June 30,
	2025			2024
Balance, beginning of the period	$	206		$	223
Premiums Received	6			6
Policy Charges	(9)			(13)
Surrenders and Withdrawals	(3)			(4)
Benefit Payments	(3)			(6)
Interest Credited	4			4
Balance, end of the period	$	201		$	210
Weighted-average crediting rate	4.3		%	4.2		%
Net Amount at Risk [1]	$	791		$	870
Cash Surrender Value	$	199		$	209

[1]Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

As of June 30, 2025 and 2024, universal life contracts of $199 and $$209, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%