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Other Policyholder Funds and Benefits Payable
9 Months Ended
Sep. 30, 2025
Insurance Loss Reserves [Abstract]  
Policyholder Account Balance Disclosure [Text Block]
11. Other Policyholder Funds and Benefits Payable
Other policyholder funds and benefits payable of $614 and $613 as of September 30, 2025 and 2024 respectively, included universal life long-duration contracts of $197 and $209 as well as policyholder balances related to short-duration contracts of
$417 and $404. 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 nine months ended September 30,
20252024
Balance, beginning of the period$206 $223 
Premiums Received
Policy Charges(14)(18)
Surrenders and Withdrawals(4)(4)
Benefit Payments(6)(6)
Interest Credited
Balance, end of the period$197 $209 
Weighted-average crediting rate4.3 %4.3 %
Net Amount at Risk [1]$775 $852 
Cash Surrender Value$196 $207 
[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 September 30, 2025 and 2024, universal life contracts of $196 and $208, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%