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Liability for Future Policy Benefits (Tables) | 12 Months Ended
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Dec. 31, 2023
Insurance [Abstract] |
Liability for Future Policy Benefit |
| January 1, 2021
| Benefit Reserves(1)
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  | Other Businesses(2) |  | Total
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long- Term Care |  |
| (in millions)
Balance prior to transition | $ | 65,383 |  |  | $ | 7,887 |  |  | $ | 51,607 |  |  | $ | 69,542 |  |  | $ | 7,975 |  |  | $ | 6,624 |  |  | $ | 209,018 |
Changes in cash flow assumptions and other activity | (3,805) |  |  | 0 |  |  | 10 |  |  | (523) |  |  | (18) |  |  | 1 |  |  | (4,335) |
Balance after transition, at original discount rate | 61,578 |  |  | 7,887 |  |  | 51,617 |  |  | 69,019 |  |  | 7,957 |  |  | 6,625 |  |  | 204,683 |
Cumulative changes in discount rate assumptions and other activity | 13,548 |  |  | 2,662 |  |  | 22,590 |  |  | 13,784 |  |  | 4,905 |  |  | 5,381 |  |  | 62,870 |
Balance after transition, at current discount rate | 75,126 |  |  | 10,549 |  |  | 74,207 |  |  | 82,803 |  |  | 12,862 |  |  | 12,006 |  |  | 267,553 |
Less: Reinsurance recoverable | 0 |  |  | 799 |  |  | 160 |  |  | 307 |  |  | 0 |  |  | 13 |  |  | 1,279 |
Balance after transition, net of reinsurance recoverable | $ | 75,126 |  |  | $ | 9,750 |  |  | $ | 74,047 |  |  | $ | 82,496 |  |  | $ | 12,862 |  |  | $ | 11,993 |  |  | $ | 266,274 |
__________ (1)Benefit reserves, excluding amounts for reinsurance recoverable, are included in “Future policy benefits.” For additional information regarding the liability for future policy benefits, see Note 12. (2)Primarily represents benefit reserves related to the Prudential of Taiwan business that was sold in the second quarter of 2021. The Company did not choose to apply ASU 2022-05 to this disposal transaction. See Note 2 for additional information.
| January 1, 2021
| Deferred Profit Liability(1)
| Retirement Strategies |  | International Businesses |  | Other Businesses |  | Total
| Institutional |  | Life Planner |  | Gibraltar Life and Other |  |
| (in millions)
Balance prior to transition | $ | 1,315 |  |  | $ | 1,964 |  |  | $ | 3,746 |  |  | $ | 349 |  |  | $ | 7,374 |
Changes in benefit reserves | 3,801 |  |  | 110 |  |  | 730 |  |  | 148 |  |  | 4,789 |
Balance after transition | 5,116 |  |  | 2,074 |  |  | 4,476 |  |  | 497 |  |  | 12,163 |
Less: Reinsurance recoverable | 0 |  |  | 7 |  |  | 15 |  |  | 0 |  |  | 22 |
Balance after transition, net of reinsurance recoverable | $ | 5,116 |  |  | $ | 2,067 |  |  | $ | 4,461 |  |  | $ | 497 |  |  | $ | 12,141 |
__________ (1)Deferred profit liability (“DPL”), excluding amounts for reinsurance recoverable, is included in “Future policy benefits.” For additional information regarding the liability for future policy benefits, see Note 12.
| January 1, 2021
| Additional Insurance Reserves(1)
| Retirement Strategies |  | Individual Life |  | Other Businesses |  | Total
| Individual Variable |  | Variable/ Universal Life |  |
| (in millions)
Balance prior to transition | $ | 889 |  |  | $ | 9,415 |  |  | $ | 483 |  |  | $ | 10,787 |
Unwinding amounts related to unrealized investment gains and losses | (65) |  |  | (1,444) |  |  | (106) |  |  | (1,615) |
Balance prior to transition, excluding amounts related to unrealized investment gains and losses | 824 |  |  | 7,971 |  |  | 377 |  |  | 9,172 |
Reclassification of future policy benefits AIR to MRBs | (824) |  |  | 0 |  |  | (92) |  |  | (916) |
Reclassification of policyholders’ account balances AIR to MRBs | 0 |  |  | 0 |  |  | (48) |  |  | (48) |
Updates to certain universal life contract liabilities(2) | 0 |  |  | 1,772 |  |  | 7 |  |  | 1,779 |
Change in discount rate for annuitization benefits | 0 |  |  | 0 |  |  | 116 |  |  | 116 |
Balance after transition, excluding amounts related to unrealized investment gains and losses | 0 |  |  | 9,743 |  |  | 360 |  |  | 10,103 |
Amounts related to unrealized investment gains and losses after transition | 0 |  |  | 1,186 |  |  | 0 |  |  | 1,186 |
Balance after transition | 0 |  |  | 10,929 |  |  | 360 |  |  | 11,289 |
Less: Reinsurance recoverable | 0 |  |  | 4,387 |  |  | 0 |  |  | 4,387 |
Balance after transition, net of reinsurance recoverable | $ | 0 |  |  | $ | 6,542 |  |  | $ | 360 |  |  | $ | 6,902 |
__________ (1)Additional insurance reserves (“AIR”), excluding amounts for reinsurance recoverable, are included in “Future policy benefits.” For additional information regarding the liability for future policy benefits, see Note 12. (2)For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2.
| January 1, 2021
| Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability(1)
| Individual Life |  | Other Businesses |  |
|  |  | Total
| (in millions)
Balance prior to transition | $ | 1,823 |  |  | $ | 6 |  |  | $ | 1,829 |
Unwinding amounts related to unrealized investment gains and losses | (1,149) |  |  | 0 |  |  | (1,149) |
Balance prior to transition, excluding amounts related to unrealized investment gains and losses | 674 |  |  | 6 |  |  | 680 |
Derecognizing LRR & PFL | (674) |  |  | 0 |  |  | (674) |
Balance after transition, excluding amounts related to unrealized investment gains and losses | 0 |  |  | 6 |  |  | 6 |
Amounts related to unrealized investment gains and losses after transition | 1,018 |  |  | 0 |  |  | 1,018 |
Balance after transition | $ | 1,018 |  |  | $ | 6 |  |  | $ | 1,024 |
__________ (1)Universal life loss recognition reserves (“LRR”) / profit followed by losses (“PFL”) liability are included in “Future policy benefits.” For additional information regarding the liability for future policy benefits, see Note 12.
| January 1, 2021
| Non-Participating Traditional and Limited-Payment Loss Recognition Reserves/Profit Followed by Losses Liability(1)
| Retirement Strategies |  | International Businesses |  | Corporate and Other |  | Other Businesses |  | Total
| Institutional |  | Life Planner |  | Gibraltar Life and Other |  | Long- Term Care |  |
| (in millions)
Balance prior to transition | $ | 1,985 |  |  | $ | 181 |  |  | $ | 670 |  |  | $ | 734 |  |  | $ | 145 |  |  | $ | 3,715 |
Unwinding amounts related to unrealized investment gains and losses | (1,985) |  |  | (169) |  |  | (670) |  |  | (734) |  |  | (105) |  |  | (3,663) |
Balance prior to transition, excluding amounts related to unrealized investment gains and losses | 0 |  |  | 12 |  |  | 0 |  |  | 0 |  |  | 40 |  |  | 52 |
Derecognizing LRR & PFL | 0 |  |  | (12) |  |  | 0 |  |  | 0 |  |  | (40) |  |  | (52) |
Balance after transition | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
__________ (1)Prior to the adoption of ASU 2018-12, non-participating traditional and limited-payment loss recognition reserves / profit followed by losses liabilities were included in “Future policy benefits.”
| January 1, 2021
| Terminal Dividend Liability(1)
| Individual Life |  | Closed Block Division |  | Total
| Variable/ Universal Life |  | Term Life |  |
| (in millions)
Balance prior to transition | $ | 212 |  |  | $ | 4 |  |  | $ | 375 |  |  | $ | 591 |
Unwinding amounts related to unrealized investment gains and losses and other activity | (11) |  |  | 0 |  |  | 0 |  |  | (11) |
Balance after transition | 201 |  |  | 4 |  |  | 375 |  |  | 580 |
Less: Reinsurance recoverable | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Balance after transition, net of reinsurance recoverable | $ | 201 |  |  | $ | 4 |  |  | $ | 375 |  |  | $ | 580 |
__________ (1)Terminal dividend liability is included in “Future policy benefits.” The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits.
| Year Ended December 31, 2023
| Present Value of Expected Net Premiums
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, BOP | $ | 52,620 |  |  | $ | 11,282 |  |  | $ | 30,689 |  |  | $ | 28,951 |  |  | $ | 2,932 |  |  | $ | 126,474 |
Effect of cumulative changes in discount rate assumptions, BOP | 14,349 |  |  | 572 |  |  | 1,354 |  |  | 1,326 |  |  | 103 |  |  | 17,704 |
Balance at original discount rate, BOP | 66,969 |  |  | 11,854 |  |  | 32,043 |  |  | 30,277 |  |  | 3,035 |  |  | 144,178 |
Effect of assumption update | (1,117) |  |  | (1) |  |  | 78 |  |  | (175) |  |  | 266 |  |  | (949) |
Effect of actual variances from expected experience and other activity | 540 |  |  | (223) |  |  | (1,092) |  |  | (845) |  |  | 161 |  |  | (1,459) |
Adjusted balance, BOP | 66,392 |  |  | 11,630 |  |  | 31,029 |  |  | 29,257 |  |  | 3,462 |  |  | 141,770 |
Issuances | 20,914 |  |  | 750 |  |  | 2,292 |  |  | 1,583 |  |  | 0 |  |  | 25,539 |
Net premiums / considerations collected | (10,389) |  |  | (1,413) |  |  | (3,917) |  |  | (3,720) |  |  | (317) |  |  | (19,756) |
Interest accrual | 2,233 |  |  | 538 |  |  | 889 |  |  | 780 |  |  | 157 |  |  | 4,597 |
Foreign currency adjustment | 4,126 |  |  | 0 |  |  | (756) |  |  | (907) |  |  | 0 |  |  | 2,463 |
Other adjustments | 0 |  |  | (3) |  |  | 123 |  |  | (4) |  |  | 0 |  |  | 116 |
Balance at original discount rate, EOP | 83,276 |  |  | 11,502 |  |  | 29,660 |  |  | 26,989 |  |  | 3,302 |  |  | 154,729 |
Effect of cumulative changes in discount rate assumptions, EOP | (11,869) |  |  | (228) |  |  | (596) |  |  | (622) |  |  | (16) |  |  | (13,331) |
Balance, EOP | $ | 71,407 |  |  | $ | 11,274 |  |  | $ | 29,064 |  |  | $ | 26,367 |  |  | $ | 3,286 |  |  | 141,398 |
Other businesses, EOP |  |  |  |  |  |  |  |  |  |  | 86 |
Total balance, EOP |  |  |  |  |  |  |  |  |  |  | $ | 141,484 |
| Year Ended December 31, 2023
| Present Value of Expected Future Policy Benefits
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, BOP | $ | 117,754 |  |  | $ | 19,288 |  |  | $ | 78,639 |  |  | $ | 80,331 |  |  | $ | 10,685 |  |  | $ | 306,697 |
Effect of cumulative changes in discount rate assumptions, BOP | 20,170 |  |  | 1,012 |  |  | 3,719 |  |  | 11,266 |  |  | 1,216 |  |  | 37,383 |
Balance at original discount rate, BOP | 137,924 |  |  | 20,300 |  |  | 82,358 |  |  | 91,597 |  |  | 11,901 |  |  | 344,080 |
Effect of assumption update | (1,289) |  |  | (1) |  |  | 145 |  |  | 44 |  |  | 357 |  |  | (744) |
Effect of actual variances from expected experience and other activity | 514 |  |  | (269) |  |  | (1,030) |  |  | (806) |  |  | 160 |  |  | (1,431) |
Adjusted balance, BOP | 137,149 |  |  | 20,030 |  |  | 81,473 |  |  | 90,835 |  |  | 12,418 |  |  | 341,905 |
Issuances | 20,914 |  |  | 750 |  |  | 2,292 |  |  | 1,583 |  |  | 0 |  |  | 25,539 |
Interest accrual | 5,109 |  |  | 944 |  |  | 2,615 |  |  | 2,287 |  |  | 594 |  |  | 11,549 |
Benefit payments | (11,477) |  |  | (1,522) |  |  | (3,965) |  |  | (5,057) |  |  | (270) |  |  | (22,291) |
Foreign currency adjustment | 4,209 |  |  | 0 |  |  | (2,286) |  |  | (3,229) |  |  | 0 |  |  | (1,306) |
Other adjustments | (18) |  |  | (16) |  |  | 256 |  |  | (28) |  |  | 0 |  |  | 194 |
Balance at original discount rate, EOP | 155,886 |  |  | 20,186 |  |  | 80,385 |  |  | 86,391 |  |  | 12,742 |  |  | 355,590 |
Effect of cumulative changes in discount rate assumptions, EOP | (14,751) |  |  | (334) |  |  | (563) |  |  | (7,355) |  |  | (603) |  |  | (23,606) |
Balance, EOP | $ | 141,135 |  |  | $ | 19,852 |  |  | $ | 79,822 |  |  | $ | 79,036 |  |  | $ | 12,139 |  |  | 331,984 |
Other businesses, EOP |  |  |  |  |  |  |  |  |  |  | 1,716 |
Total balance, EOP |  |  |  |  |  |  |  |  |  |  | $ | 333,700 |
| Year Ended December 31, 2023
| Net Liability for Future Policy Benefits - Benefit Reserves
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, EOP, pre-flooring | $ | 69,728 |  |  | $ | 8,578 |  |  | $ | 50,757 |  |  | $ | 52,669 |  |  | $ | 8,852 |  |  | $ | 190,584 |
Flooring impact, EOP | 61 |  |  | 0 |  |  | 19 |  |  | 6 |  |  | 0 |  |  | 86 |
Balance, EOP, post-flooring | 69,789 |  |  | 8,578 |  |  | 50,776 |  |  | 52,675 |  |  | 8,852 |  |  | 190,670 |
Less: Reinsurance recoverable | 5,539 |  |  | 744 |  |  | 102 |  |  | 202 |  |  | 0 |  |  | 6,587 |
Balance after reinsurance recoverable, EOP, post-flooring | $ | 64,250 |  |  | $ | 7,834 |  |  | $ | 50,674 |  |  | $ | 52,473 |  |  | $ | 8,852 |  |  | 184,083 |
Other businesses, EOP(1) |  |  |  |  |  |  |  |  |  |  | 1,563 |
Total balance after reinsurance recoverable, EOP |  |  |  |  |  |  |  |  |  |  | $ | 185,646 |
| Year Ended December 31, 2022
| Present Value of Expected Net Premiums
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, BOP | $ | 68,791 |  |  | $ | 12,971 |  |  | $ | 39,517 |  |  | $ | 37,815 |  |  | $ | 3,585 |  |  | $ | 162,679 |
Effect of cumulative changes in discount rate assumptions, BOP | (4,414) |  |  | (1,892) |  |  | (3,516) |  |  | (3,239) |  |  | (644) |  |  | (13,705) |
Balance at original discount rate, BOP | 64,377 |  |  | 11,079 |  |  | 36,001 |  |  | 34,576 |  |  | 2,941 |  |  | 148,974 |
Effect of assumption update | 249 |  |  | 1,313 |  |  | (76) |  |  | (176) |  |  | 49 |  |  | 1,359 |
Effect of actual variances from expected experience and other activity | 371 |  |  | (139) |  |  | (1,621) |  |  | (989) |  |  | 184 |  |  | (2,194) |
Adjusted balance, BOP | 64,997 |  |  | 12,253 |  |  | 34,304 |  |  | 33,411 |  |  | 3,174 |  |  | 148,139 |
Issuances | 22,064 |  |  | 476 |  |  | 3,031 |  |  | 2,370 |  |  | 0 |  |  | 27,941 |
Net premiums / considerations collected | (14,765) |  |  | (1,404) |  |  | (4,149) |  |  | (4,218) |  |  | (284) |  |  | (24,820) |
Interest accrual | 1,640 |  |  | 542 |  |  | 935 |  |  | 859 |  |  | 145 |  |  | 4,121 |
Foreign currency adjustment | (6,967) |  |  | 0 |  |  | (2,220) |  |  | (2,145) |  |  | 0 |  |  | (11,332) |
Other adjustments | 0 |  |  | (13) |  |  | 142 |  |  | 0 |  |  | 0 |  |  | 129 |
Balance at original discount rate, EOP | 66,969 |  |  | 11,854 |  |  | 32,043 |  |  | 30,277 |  |  | 3,035 |  |  | 144,178 |
Effect of cumulative changes in discount rate assumptions, EOP | (14,349) |  |  | (572) |  |  | (1,354) |  |  | (1,326) |  |  | (103) |  |  | (17,704) |
Balance, EOP | $ | 52,620 |  |  | $ | 11,282 |  |  | $ | 30,689 |  |  | $ | 28,951 |  |  | $ | 2,932 |  |  | 126,474 |
Other businesses, EOP |  |  |  |  |  |  |  |  |  |  | 88 |
Total balance, EOP |  |  |  |  |  |  |  |  |  |  | $ | 126,562 |
| Year Ended December 31, 2022
| Present Value of Expected Future Policy Benefits
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, BOP | $ | 142,593 |  |  | $ | 22,768 |  |  | $ | 109,562 |  |  | $ | 114,846 |  |  | $ | 15,810 |  |  | $ | 405,579 |
Effect of cumulative changes in discount rate assumptions, BOP | (13,706) |  |  | (3,876) |  |  | (21,554) |  |  | (13,476) |  |  | (4,482) |  |  | (57,094) |
Balance at original discount rate, BOP | 128,887 |  |  | 18,892 |  |  | 88,008 |  |  | 101,370 |  |  | 11,328 |  |  | 348,485 |
Effect of assumption update | (187) |  |  | 1,777 |  |  | (115) |  |  | (164) |  |  | 49 |  |  | 1,360 |
Effect of actual variances from expected experience and other activity | 273 |  |  | (218) |  |  | (1,730) |  |  | (892) |  |  | 208 |  |  | (2,359) |
Adjusted balance, BOP | 128,973 |  |  | 20,451 |  |  | 86,163 |  |  | 100,314 |  |  | 11,585 |  |  | 347,486 |
Issuances | 22,064 |  |  | 476 |  |  | 3,031 |  |  | 2,370 |  |  | 0 |  |  | 27,941 |
Interest accrual | 4,231 |  |  | 937 |  |  | 2,641 |  |  | 2,399 |  |  | 554 |  |  | 10,762 |
Benefit payments | (9,629) |  |  | (1,547) |  |  | (3,725) |  |  | (5,975) |  |  | (238) |  |  | (21,114) |
Foreign currency adjustment | (7,180) |  |  | 0 |  |  | (6,043) |  |  | (7,489) |  |  | 0 |  |  | (20,712) |
Other adjustments | (535) |  |  | (17) |  |  | 291 |  |  | (22) |  |  | 0 |  |  | (283) |
Balance at original discount rate, EOP | 137,924 |  |  | 20,300 |  |  | 82,358 |  |  | 91,597 |  |  | 11,901 |  |  | 344,080 |
Effect of cumulative changes in discount rate assumptions, EOP | (20,170) |  |  | (1,012) |  |  | (3,719) |  |  | (11,266) |  |  | (1,216) |  |  | (37,383) |
Balance, EOP | $ | 117,754 |  |  | $ | 19,288 |  |  | $ | 78,639 |  |  | $ | 80,331 |  |  | $ | 10,685 |  |  | 306,697 |
Other businesses, EOP |  |  |  |  |  |  |  |  |  |  | 1,921 |
Total balance, EOP |  |  |  |  |  |  |  |  |  |  | $ | 308,618 |
| Year Ended December 31, 2022
| Net Liability for Future Policy Benefits - Benefit Reserves
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, EOP, pre-flooring | $ | 65,134 |  |  | $ | 8,006 |  |  | $ | 47,950 |  |  | $ | 51,380 |  |  | $ | 7,753 |  |  | $ | 180,223 |
Flooring impact, EOP | 1 |  |  | 0 |  |  | 106 |  |  | 140 |  |  | 0 |  |  | 247 |
Balance, EOP, post-flooring | 65,135 |  |  | 8,006 |  |  | 48,056 |  |  | 51,520 |  |  | 7,753 |  |  | 180,470 |
Less: Reinsurance recoverable | 0 |  |  | 708 |  |  | 126 |  |  | 203 |  |  | 0 |  |  | 1,037 |
Balance after reinsurance recoverable, EOP, post-flooring | $ | 65,135 |  |  | $ | 7,298 |  |  | $ | 47,930 |  |  | $ | 51,317 |  |  | $ | 7,753 |  |  | 179,433 |
Other businesses, EOP(1) |  |  |  |  |  |  |  |  |  |  | 1,758 |
Total balance after reinsurance recoverable, EOP |  |  |  |  |  |  |  |  |  |  | $ | 181,191 |
| Year Ended December 31, 2021
| Present Value of Expected Net Premiums
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, BOP | $ | 69,421 |  |  | $ | 12,851 |  |  | $ | 43,283 |  |  | $ | 41,537 |  |  | $ | 4,503 |  |  | $ | 171,595 |
Effect of cumulative changes in discount rate assumptions, BOP | (8,193) |  |  | (2,475) |  |  | (5,080) |  |  | (4,479) |  |  | (1,004) |  |  | (21,231) |
Balance at original discount rate, BOP | 61,228 |  |  | 10,376 |  |  | 38,203 |  |  | 37,058 |  |  | 3,499 |  |  | 150,364 |
Effect of assumption update | (2,344) |  |  | 41 |  |  | (624) |  |  | 124 |  |  | (490) |  |  | (3,293) |
Effect of actual variances from expected experience and other activity | (710) |  |  | 531 |  |  | (159) |  |  | (252) |  |  | 79 |  |  | (511) |
Adjusted balance, BOP | 58,174 |  |  | 10,948 |  |  | 37,420 |  |  | 36,930 |  |  | 3,088 |  |  | 146,560 |
Issuances | 15,622 |  |  | 788 |  |  | 4,168 |  |  | 3,495 |  |  | 0 |  |  | 24,073 |
Net premiums / considerations collected | (10,577) |  |  | (1,230) |  |  | (4,477) |  |  | (4,745) |  |  | (281) |  |  | (21,310) |
Interest accrual | 1,710 |  |  | 499 |  |  | 983 |  |  | 918 |  |  | 148 |  |  | 4,258 |
Foreign currency adjustment | (624) |  |  | 0 |  |  | (2,283) |  |  | (2,025) |  |  | 0 |  |  | (4,932) |
Other adjustments | 72 |  |  | 74 |  |  | 190 |  |  | 3 |  |  | (14) |  |  | 325 |
Balance at original discount rate, EOP | 64,377 |  |  | 11,079 |  |  | 36,001 |  |  | 34,576 |  |  | 2,941 |  |  | 148,974 |
Effect of cumulative changes in discount rate assumptions, EOP | 4,414 |  |  | 1,892 |  |  | 3,516 |  |  | 3,239 |  |  | 644 |  |  | 13,705 |
Balance, EOP | $ | 68,791 |  |  | $ | 12,971 |  |  | $ | 39,517 |  |  | $ | 37,815 |  |  | $ | 3,585 |  |  | 162,679 |
Other businesses, EOP |  |  |  |  |  |  |  |  |  |  | 120 |
Total balance, EOP |  |  |  |  |  |  |  |  |  |  | $ | 162,799 |
| Year Ended December 31, 2021
| Present Value of Expected Future Policy Benefits
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, BOP | $ | 144,315 |  |  | $ | 23,400 |  |  | $ | 117,484 |  |  | $ | 124,342 |  |  | $ | 17,365 |  |  | $ | 426,906 |
Effect of cumulative changes in discount rate assumptions, BOP | (21,509) |  |  | (5,137) |  |  | (27,664) |  |  | (18,263) |  |  | (5,909) |  |  | (78,482) |
Balance at original discount rate, BOP | 122,806 |  |  | 18,263 |  |  | 89,820 |  |  | 106,079 |  |  | 11,456 |  |  | 348,424 |
Effect of assumption update | (2,458) |  |  | 42 |  |  | (619) |  |  | 145 |  |  | (509) |  |  | (3,399) |
Effect of actual variances from expected experience and other activity | (818) |  |  | 539 |  |  | (97) |  |  | (215) |  |  | 63 |  |  | (528) |
Adjusted balance, BOP | 119,530 |  |  | 18,844 |  |  | 89,104 |  |  | 106,009 |  |  | 11,010 |  |  | 344,497 |
Issuances | 15,622 |  |  | 788 |  |  | 4,168 |  |  | 3,495 |  |  | 0 |  |  | 24,073 |
Interest accrual | 4,054 |  |  | 866 |  |  | 2,718 |  |  | 2,516 |  |  | 534 |  |  | 10,688 |
Benefit payments | (9,613) |  |  | (1,658) |  |  | (2,553) |  |  | (3,750) |  |  | (199) |  |  | (17,773) |
Foreign currency adjustment | (611) |  |  | 0 |  |  | (5,833) |  |  | (6,862) |  |  | 0 |  |  | (13,306) |
Other adjustments | (95) |  |  | 52 |  |  | 404 |  |  | (38) |  |  | (17) |  |  | 306 |
Balance at original discount rate, EOP | 128,887 |  |  | 18,892 |  |  | 88,008 |  |  | 101,370 |  |  | 11,328 |  |  | 348,485 |
Effect of cumulative changes in discount rate assumptions, EOP | 13,706 |  |  | 3,876 |  |  | 21,554 |  |  | 13,476 |  |  | 4,482 |  |  | 57,094 |
Balance, EOP | $ | 142,593 |  |  | $ | 22,768 |  |  | $ | 109,562 |  |  | $ | 114,846 |  |  | $ | 15,810 |  |  | 405,579 |
Other businesses, EOP |  |  |  |  |  |  |  |  |  |  | 2,623 |
Reclassified to “Liabilities held-for-sale” |  |  |  |  |  |  |  |  |  |  | (264) |
Total balance, EOP |  |  |  |  |  |  |  |  |  |  | $ | 407,938 |
| Year Ended December 31, 2021
| Net Liability for Future Policy Benefits - Benefit Reserves
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  | Total
| (in millions)
Balance, EOP, pre-flooring | $ | 73,802 |  |  | $ | 9,797 |  |  | $ | 70,045 |  |  | $ | 77,031 |  |  | $ | 12,225 |  |  | $ | 242,900 |
Flooring impact, EOP | 327 |  |  | 1 |  |  | 4 |  |  | 1 |  |  | 0 |  |  | 333 |
Balance, EOP, post-flooring | 74,129 |  |  | 9,798 |  |  | 70,049 |  |  | 77,032 |  |  | 12,225 |  |  | 243,233 |
Less: Reinsurance recoverable | 0 |  |  | 532 |  |  | 142 |  |  | 279 |  |  | 0 |  |  | 953 |
Balance after reinsurance recoverable, EOP, post-flooring | $ | 74,129 |  |  | $ | 9,266 |  |  | $ | 69,907 |  |  | $ | 76,753 |  |  | $ | 12,225 |  |  | 242,280 |
Other businesses, EOP(1) |  |  |  |  |  |  |  |  |  |  | 2,500 |
Reclassified to “Liabilities held-for-sale” |  |  |  |  |  |  |  |  |  |  | (264) |
Total balance after reinsurance recoverable, EOP |  |  |  |  |  |  |  |  |  |  | $ | 244,516 |
__________ (1)Reflects balance after reinsurance recoverable of $69 million, $76 million, and $5 million at December 31, 2023, 2022 and 2021, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated:
| Year Ended December 31, 2023
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other |  |
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care |  |
| ($ in millions) |  |
Undiscounted expected future gross premiums | $ | 134,192 |  |  | $ | 23,083 |  |  | $ | 69,238 |  |  | $ | 56,398 |  |  | $ | 6,852 |  |  |
Discounted expected future gross premiums (at original discount rate) | $ | 90,606 |  |  | $ | 15,322 |  |  | $ | 53,640 |  |  | $ | 45,319 |  |  | $ | 4,509 |  |  |
Discounted expected future gross premiums (at current discount rate) | $ | 77,520 |  |  | $ | 15,044 |  |  | $ | 53,102 |  |  | $ | 44,420 |  |  | $ | 4,491 |  |  |
Undiscounted expected future benefits and expenses | $ | 242,617 |  |  | $ | 31,114 |  |  | $ | 139,620 |  |  | $ | 141,171 |  |  | $ | 30,761 |  |  |
Interest accrual | $ | 2,876 |  |  | $ | 406 |  |  | $ | 1,726 |  |  | $ | 1,507 |  |  | $ | 437 |  |  |
Gross premiums | $ | 11,156 |  |  | $ | 1,848 |  |  | $ | 6,199 |  |  | $ | 6,154 |  |  | $ | 448 |  |  |
Weighted-average duration of the liability in years (at original discount rate) | 9 |  | 10 |  | 19 |  | 19 |  | 18 |  |
Weighted-average duration of the liability in years (at current discount rate) | 8 |  | 10 |  | 19 |  | 17 |  | 17 |  |
Weighted-average interest rate (at original discount rate) | 4.62 | % |  | 5.17 | % |  | 3.43 | % |  | 2.57 | % |  | 4.91 | % |  |
Weighted-average interest rate (at current discount rate) | 5.03 | % |  | 4.99 | % |  | 3.06 | % |  | 2.97 | % |  | 5.25 | % |  |
| Year Ended December 31, 2022
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care
| ($ in millions)
Undiscounted expected future gross premiums | $ | 103,284 |  |  | $ | 23,526 |  |  | $ | 74,196 |  |  | $ | 64,059 |  |  | $ | 6,971 |
Discounted expected future gross premiums (at original discount rate) | $ | 72,479 |  |  | $ | 15,628 |  |  | $ | 57,985 |  |  | $ | 50,968 |  |  | $ | 4,539 |
Discounted expected future gross premiums (at current discount rate) | $ | 56,950 |  |  | $ | 14,886 |  |  | $ | 56,068 |  |  | $ | 48,902 |  |  | $ | 4,391 |
Undiscounted expected future benefits and expenses | $ | 209,770 |  |  | $ | 31,412 |  |  | $ | 148,331 |  |  | $ | 155,711 |  |  | $ | 29,613 |
Interest accrual | $ | 2,591 |  |  | $ | 395 |  |  | $ | 1,706 |  |  | $ | 1,540 |  |  | $ | 409 |
Gross premiums | $ | 15,427 |  |  | $ | 1,875 |  |  | $ | 6,731 |  |  | $ | 6,987 |  |  | $ | 441 |
Weighted-average duration of the liability in years (at original discount rate) | 8 |  | 10 |  | 20 |  | 20 |  | 19
Weighted-average duration of the liability in years (at current discount rate) | 8 |  | 10 |  | 19 |  | 18 |  | 18
Weighted-average interest rate (at original discount rate) | 4.37 | % |  | 5.21 | % |  | 3.40 | % |  | 2.50 | % |  | 4.91 | %
Weighted-average interest rate (at current discount rate) | 5.39 | % |  | 5.39 | % |  | 3.12 | % |  | 2.98 | % |  | 5.63 | %
| Year Ended December 31, 2021
| Retirement Strategies |  | Individual Life |  | International Businesses |  | Corporate and Other
| Institutional |  | Term Life |  | Life Planner |  | Gibraltar Life and Other |  | Long-Term Care
| ($ in millions)
Undiscounted expected future gross premiums | $ | 96,352 |  |  | $ | 25,411 |  |  | $ | 80,678 |  |  | $ | 72,701 |  |  | $ | 7,261 |
Discounted expected future gross premiums (at original discount rate) | $ | 69,809 |  |  | $ | 16,565 |  |  | $ | 63,169 |  |  | $ | 58,073 |  |  | $ | 4,646 |
Discounted expected future gross premiums (at current discount rate) | $ | 74,714 |  |  | $ | 19,480 |  |  | $ | 69,781 |  |  | $ | 63,540 |  |  | $ | 5,645 |
Undiscounted expected future benefits and expenses | $ | 193,871 |  |  | $ | 29,247 |  |  | $ | 159,177 |  |  | $ | 168,706 |  |  | $ | 29,382 |
Interest accrual | $ | 2,344 |  |  | $ | 367 |  |  | $ | 1,735 |  |  | $ | 1,598 |  |  | $ | 386 |
Gross premiums | $ | 11,022 |  |  | $ | 1,867 |  |  | $ | 7,376 |  |  | $ | 8,000 |  |  | $ | 433 |
Weighted-average duration of the liability in years (at original discount rate) | 9 |  | 10 |  | 21 |  | 20 |  | 19
Weighted-average duration of the liability in years (at current discount rate) | 10 |  | 11 |  | 23 |  | 21 |  | 21
Weighted-average interest rate (at original discount rate) | 4.17 | % |  | 5.25 | % |  | 3.38 | % |  | 2.42 | % |  | 4.90 | %
Weighted-average interest rate (at current discount rate) | 2.74 | % |  | 2.55 | % |  | 1.66 | % |  | 1.60 | % |  | 3.02 | %
The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows:
| Year Ended December 31, 2023
| Deferred Profit Liability
| Retirement Strategies |  | International Businesses |  |
| Institutional |  | Life Planner |  | Gibraltar Life and Other |  | Total
| (in millions)
Balance, BOP | $ | 5,532 |  |  | $ | 3,379 |  |  | $ | 5,261 |  |  | $ | 14,172 |
Flooring impact, BOP | 0 |  |  | 0 |  |  | 1 |  |  | 1 |
Balance, BOP, pre-flooring | 5,532 |  |  | 3,379 |  |  | 5,260 |  |  | 14,171 |
Effect of assumption update | 35 |  |  | (67) |  |  | (228) |  |  | (260) |
Effect of actual variances from expected experience and other activity | 21 |  |  | (14) |  |  | (61) |  |  | (54) |
Adjusted balance, BOP | 5,588 |  |  | 3,298 |  |  | 4,971 |  |  | 13,857 |
Profits deferred | 342 |  |  | 1,674 |  |  | 1,331 |  |  | 3,347 |
Interest accrual | 227 |  |  | 148 |  |  | 152 |  |  | 527 |
Amortization | (565) |  |  | (1,158) |  |  | (1,015) |  |  | (2,738) |
Foreign currency adjustment | 15 |  |  | (39) |  |  | (137) |  |  | (161) |
Other adjustments | 8 |  |  | 32 |  |  | 0 |  |  | 40 |
Balance, EOP, pre-flooring | 5,615 |  |  | 3,955 |  |  | 5,302 |  |  | 14,872 |
Flooring impact, EOP | 0 |  |  | 1 |  |  | 1 |  |  | 2 |
Balance, EOP | 5,615 |  |  | 3,956 |  |  | 5,303 |  |  | 14,874 |
Less: Reinsurance recoverable | 386 |  |  | 9 |  |  | 10 |  |  | 405 |
Balance after reinsurance recoverable | $ | 5,229 |  |  | $ | 3,947 |  |  | $ | 5,293 |  |  | 14,469 |
Other businesses |  |  |  |  |  |  | 148 |
Total balance after reinsurance recoverable |  |  |  |  |  |  | $ | 14,617 |
| Year Ended December 31, 2022
| Deferred Profit Liability
| Retirement Strategies |  | International Businesses |  |
| Institutional |  | Life Planner |  | Gibraltar Life and Other |  | Total
| (in millions)
Balance, BOP | $ | 5,183 |  |  | $ | 2,741 |  |  | $ | 5,014 |  |  | $ | 12,938 |
Flooring impact, BOP | 0 |  |  | 0 |  |  | 1 |  |  | 1 |
Balance, BOP, pre-flooring | 5,183 |  |  | 2,741 |  |  | 5,013 |  |  | 12,937 |
Effect of assumption update | 382 |  |  | 28 |  |  | (5) |  |  | 405 |
Effect of actual variances from expected experience and other activity | 102 |  |  | (1) |  |  | (110) |  |  | (9) |
Adjusted balance, BOP | 5,667 |  |  | 2,768 |  |  | 4,898 |  |  | 13,333 |
Profits deferred | 230 |  |  | 1,725 |  |  | 1,555 |  |  | 3,510 |
Interest accrual | 214 |  |  | 123 |  |  | 143 |  |  | 480 |
Amortization | (548) |  |  | (1,131) |  |  | (1,036) |  |  | (2,715) |
Foreign currency adjustment | (30) |  |  | (131) |  |  | (300) |  |  | (461) |
Other adjustments | (1) |  |  | 25 |  |  | 0 |  |  | 24 |
Balance, EOP, pre-flooring | 5,532 |  |  | 3,379 |  |  | 5,260 |  |  | 14,171 |
Flooring impact, EOP | 0 |  |  | 0 |  |  | 1 |  |  | 1 |
Balance, EOP | 5,532 |  |  | 3,379 |  |  | 5,261 |  |  | 14,172 |
Less: Reinsurance recoverable | 0 |  |  | 8 |  |  | 10 |  |  | 18 |
Balance after reinsurance recoverable | $ | 5,532 |  |  | $ | 3,371 |  |  | $ | 5,251 |  |  | 14,154 |
Other businesses |  |  |  |  |  |  | 183 |
Total balance after reinsurance recoverable |  |  |  |  |  |  | $ | 14,337 |
| Year Ended December 31, 2021
| Deferred Profit Liability
| Retirement Strategies |  | International Businesses |  |
| Institutional |  | Life Planner |  | Gibraltar Life and Other |  | Total
| (in millions)
Balance, BOP | $ | 5,116 |  |  | $ | 2,074 |  |  | $ | 4,476 |  |  | $ | 11,666 |
Flooring impact, BOP | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Balance, BOP, pre-flooring | 5,116 |  |  | 2,074 |  |  | 4,476 |  |  | 11,666 |
Effect of assumption update | 112 |  |  | 4 |  |  | (12) |  |  | 104 |
Effect of actual variances from expected experience and other activity | 180 |  |  | 0 |  |  | (3) |  |  | 177 |
Adjusted balance, BOP | 5,408 |  |  | 2,078 |  |  | 4,461 |  |  | 11,947 |
Profits deferred | 104 |  |  | 1,769 |  |  | 1,743 |  |  | 3,616 |
Interest accrual | 202 |  |  | 94 |  |  | 127 |  |  | 423 |
Amortization | (527) |  |  | (1,108) |  |  | (1,054) |  |  | (2,689) |
Foreign currency adjustment | (4) |  |  | (127) |  |  | (268) |  |  | (399) |
Other adjustments | 0 |  |  | 35 |  |  | 4 |  |  | 39 |
Balance, EOP, pre-flooring | 5,183 |  |  | 2,741 |  |  | 5,013 |  |  | 12,937 |
Flooring impact, EOP | 0 |  |  | 0 |  |  | 1 |  |  | 1 |
Balance, EOP | 5,183 |  |  | 2,741 |  |  | 5,014 |  |  | 12,938 |
Less: Reinsurance recoverable | 0 |  |  | 8 |  |  | 16 |  |  | 24 |
Balance after reinsurance recoverable | $ | 5,183 |  |  | $ | 2,733 |  |  | $ | 4,998 |  |  | 12,914 |
Other businesses |  |  |  |  |  |  | 227 |
Reclassified to “Liabilities held-for-sale” |  |  |  |  |  |  | (25) |
Total balance after reinsurance recoverable |  |  |  |  |  |  | $ | 13,116 |
The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated:
| Year Ended December 31, 2023
| Retirement Strategies |  | International Businesses
| Institutional |  | Life Planner |  | Gibraltar Life and Other
| (in millions)
Revenue(1) | $ | (68) |  |  | $ | (615) |  |  | $ | (179) |
Interest accrual | $ | 227 |  |  | $ | 148 |  |  | $ | 152 |
| Year Ended December 31, 2022
| Retirement Strategies |  | International Businesses
| Institutional |  | Life Planner |  | Gibraltar Life and Other
| (in millions)
Revenue(1) | $ | (378) |  |  | $ | (773) |  |  | $ | (547) |
Interest accrual | $ | 214 |  |  | $ | 123 |  |  | $ | 143 |
| Year Ended December 31, 2021
| Retirement Strategies |  | International Businesses
| Institutional |  | Life Planner |  | Gibraltar Life and Other
| (in millions)
Revenue(1) | $ | (70) |  |  | $ | (792) |  |  | $ | (805) |
Interest accrual | $ | 202 |  |  | $ | 94 |  |  | $ | 127 |
__________ (1)Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in millions)
Balance, including amounts in AOCI, BOP, post-flooring | $ | 12,684 |  |  | $ | 11,708 |  |  | $ | 10,929 |
Flooring impact and amounts in AOCI | 1,285 |  |  | (909) |  |  | (1,186) |
Balance, excluding amounts in AOCI, BOP, pre-flooring | 13,969 |  |  | 10,799 |  |  | 9,743 |
Effect of assumption update | 23 |  |  | 2,200 |  |  | (1) |
Effect of actual variances from expected experience and other activity | 32 |  |  | (221) |  |  | 55 |
Adjusted balance, BOP | 14,024 |  |  | 12,778 |  |  | 9,797 |
Assessments collected(1) | 938 |  |  | 973 |  |  | 858 |
Interest accrual | 488 |  |  | 435 |  |  | 347 |
Benefits paid | (301) |  |  | (217) |  |  | (203) |
Other adjustments | 2 |  |  | 0 |  |  | 0 |
Balance, excluding amounts in AOCI, EOP, pre-flooring | 15,151 |  |  | 13,969 |  |  | 10,799 |
Flooring impact and amounts in AOCI | (843) |  |  | (1,285) |  |  | 909 |
Balance, including amounts in AOCI, EOP, post-flooring | 14,308 |  |  | 12,684 |  |  | 11,708 |
Less: Reinsurance recoverable | 5,852 |  |  | 5,075 |  |  | 4,623 |
Balance after reinsurance recoverable, including amounts in AOCI, EOP | 8,456 |  |  | 7,609 |  |  | 7,085 |
Other businesses | 131 |  |  | 138 |  |  | 226 |
Total balance after reinsurance recoverable | $ | 8,587 |  |  | $ | 7,747 |  |  | $ | 7,311 |
__________ (1)Represents the portion of gross assessments required to fund the future policy benefits.
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| ($ in millions)
Interest accrual | $ | 488 |  |  | $ | 435 |  |  | $ | 347 |
Gross assessments | $ | 2,947 |  |  | $ | 2,678 |  |  | $ | 3,018 |
Weighted-average duration of the liability in years (at original discount rate) | 22 |  | 23 |  | 19
Weighted-average interest rate (at original discount rate) | 3.40 | % |  | 3.38 | % |  | 3.38 | %
The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in millions)
Benefit reserves, EOP, post-flooring | $ | 192,302 |  |  | $ | 182,304 |  |  | $ | 245,474 |
Deferred profit liability, EOP, post-flooring | 15,022 |  |  | 14,356 |  |  | 13,140 |
Additional insurance reserves, including amounts in AOCI, EOP, post-flooring | 14,439 |  |  | 12,822 |  |  | 11,934 |
Subtotal of amounts disclosed above | 221,763 |  |  | 209,482 |  |  | 270,548 |
Other Future Policy Benefits reserves(1) | 51,518 |  |  | 52,291 |  |  | 54,394 |
Total Future Policy Benefits | $ | 273,281 |  |  | $ | 261,773 |  |  | $ | 324,942 |
__________ (1)Primarily represents balances for which disaggregated rollforward disclosures are not required, including Closed Block liabilities, unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated:
| Year Ended December 31, 2023
| Revenues(1)
| Retirement Strategies |  | Individual Life |  | International Businesses |  |  |  |
| Institutional |  | Term Life |  | Variable/Universal Life |  | Life Planner |  | Gibraltar Life and Other |  | Other Businesses(2) |  | Total
| (in millions)
Benefit reserves | $ | 11,156 |  |  | $ | 1,848 |  |  | $ | 0 |  |  | $ | 6,199 |  |  | $ | 6,154 |  |  | $ | 540 |  |  | $ | 25,897 |
Deferred profit liability | (68) |  |  | 0 |  |  | 0 |  |  | (615) |  |  | (179) |  |  | 34 |  |  | (828) |
Additional insurance reserves | 0 |  |  | 0 |  |  | 2,947 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2,947 |
Total | $ | 11,088 |  |  | $ | 1,848 |  |  | $ | 2,947 |  |  | $ | 5,584 |  |  | $ | 5,975 |  |  | $ | 574 |  |  | $ | 28,016 |
| Year Ended December 31, 2022
| Revenues(1)
| Retirement Strategies |  | Individual Life |  | International Businesses |  |  |  |
| Institutional |  | Term Life |  | Variable/Universal Life |  | Life Planner |  | Gibraltar Life and Other |  | Other Businesses(2) |  | Total
| (in millions)
Benefit reserves | $ | 15,427 |  |  | $ | 1,875 |  |  | $ | 0 |  |  | $ | 6,731 |  |  | $ | 6,987 |  |  | $ | 522 |  |  | $ | 31,542 |
Deferred profit liability | (378) |  |  | 0 |  |  | 0 |  |  | (773) |  |  | (547) |  |  | 42 |  |  | (1,656) |
Additional insurance reserves | 0 |  |  | 0 |  |  | 2,678 |  |  | 1 |  |  | 0 |  |  | 0 |  |  | 2,679 |
Total | $ | 15,049 |  |  | $ | 1,875 |  |  | $ | 2,678 |  |  | $ | 5,959 |  |  | $ | 6,440 |  |  | $ | 564 |  |  | $ | 32,565 |
| Year Ended December 31, 2021
| Revenues(1)
| Retirement Strategies |  | Individual Life |  | International Businesses |  |  |  |
| Institutional |  | Term Life |  | Variable/Universal Life |  | Life Planner |  | Gibraltar Life and Other |  | Other Businesses(2) |  | Total
| (in millions)
Benefit reserves | $ | 11,022 |  |  | $ | 1,867 |  |  | $ | 0 |  |  | $ | 7,376 |  |  | $ | 8,000 |  |  | $ | 538 |  |  | $ | 28,803 |
Deferred profit liability | (70) |  |  | 0 |  |  | 0 |  |  | (792) |  |  | (805) |  |  | 270 |  |  | (1,397) |
Additional insurance reserves | 0 |  |  | 0 |  |  | 3,018 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 3,018 |
Total | $ | 10,952 |  |  | $ | 1,867 |  |  | $ | 3,018 |  |  | $ | 6,584 |  |  | $ | 7,195 |  |  | $ | 808 |  |  | $ | 30,424 |
| Year Ended December 31, 2023
| Interest Expense
| Retirement Strategies |  | Individual Life |  | International Businesses |  |  |  |
| Institutional |  | Term Life |  | Variable/Universal Life |  | Life Planner |  | Gibraltar Life and Other |  | Other Businesses(2) |  | Total
| (in millions)
Benefit reserves | $ | 2,876 |  |  | $ | 406 |  |  | $ | 0 |  |  | $ | 1,726 |  |  | $ | 1,507 |  |  | $ | 490 |  |  | $ | 7,005 |
Deferred profit liability | 227 |  |  | 0 |  |  | 0 |  |  | 148 |  |  | 152 |  |  | 4 |  |  | 531 |
Additional insurance reserves | 0 |  |  | 0 |  |  | 488 |  |  | 2 |  |  | 0 |  |  | 0 |  |  | 490 |
Total | $ | 3,103 |  |  | $ | 406 |  |  | $ | 488 |  |  | $ | 1,876 |  |  | $ | 1,659 |  |  | $ | 494 |  |  | $ | 8,026 |
| Year Ended December 31, 2022
| Interest Expense
| Retirement Strategies |  | Individual Life |  | International Businesses |  |  |  |
| Institutional |  | Term Life |  | Variable/Universal Life |  | Life Planner |  | Gibraltar Life and Other |  | Other Businesses(2) |  | Total
| (in millions)
Benefit reserves | $ | 2,591 |  |  | $ | 395 |  |  | $ | 0 |  |  | $ | 1,706 |  |  | $ | 1,540 |  |  | $ | 464 |  |  | $ | 6,696 |
Deferred profit liability | 214 |  |  | 0 |  |  | 0 |  |  | 123 |  |  | 143 |  |  | 6 |  |  | 486 |
Additional insurance reserves | 0 |  |  | 0 |  |  | 435 |  |  | 3 |  |  | 0 |  |  | 0 |  |  | 438 |
Total | $ | 2,805 |  |  | $ | 395 |  |  | $ | 435 |  |  | $ | 1,832 |  |  | $ | 1,683 |  |  | $ | 470 |  |  | $ | 7,620 |
| Year Ended December 31, 2021
| Interest Expense
| Retirement Strategies |  | Individual Life |  | International Businesses |  |  |  |
| Institutional |  | Term Life |  | Variable/Universal Life |  | Life Planner |  | Gibraltar Life and Other |  | Other Businesses(2) |  | Total
| (in millions)
Benefit reserves | $ | 2,344 |  |  | $ | 367 |  |  | $ | 0 |  |  | $ | 1,735 |  |  | $ | 1,598 |  |  | $ | 445 |  |  | $ | 6,489 |
Deferred profit liability | 202 |  |  | 0 |  |  | 0 |  |  | 94 |  |  | 127 |  |  | 6 |  |  | 429 |
Additional insurance reserves | 0 |  |  | 0 |  |  | 347 |  |  | 4 |  |  | 1 |  |  | 0 |  |  | 352 |
Total | $ | 2,546 |  |  | $ | 367 |  |  | $ | 347 |  |  | $ | 1,833 |  |  | $ | 1,726 |  |  | $ | 451 |  |  | $ | 7,270 |
__________ (1)Represents “Gross premiums” for benefit reserves, “Revenue” for deferred profit liability and “Gross assessments” for additional insurance reserves. (2)Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above.

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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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