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Life And Annuity Benefits (Tables) | 12 Months Ended
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Dec. 31, 2023
Liability for Future Policy Benefit, before Reinsurance [Abstract] |
Schedule of Future Policyholder Benefits, Life and Annuity | The following table presents the components of the Company's liabilities for life and annuity benefits.
| December 31,
(dollars in thousands) | 2023 |  | 2022
Liability for future policyholder benefits (1) | $ | 557,763 |  |  | $ | 554,366 |
Deferred profit liability | 52,287 |  |  | 48,569 |
Other | 39,004 |  |  | 47,786 |
Total | $ | 649,054 |  |  | $ | 650,721 |
(1) The undiscounted liability for future policyholder benefits was $824.6 million and $861.3 million as of December 31, 2023 and 2022, respectively.
Liability for Future Policy Benefit, Activity | The following table presents a rollforward of the present value of the liability for future policyholder benefits.
| Years Ended December 31,
(dollars in thousands) | 2023 |  | 2022 |  | 2021
Liability for future policyholder benefits, beginning of year | $ | 554,366 |  |  | $ | 821,632 |  |  | $ | 976,905 |
Liability for future policyholder benefits at original discount rate, beginning of year | 667,761 |  |  | 745,313 |  |  | 838,041 |
Effect of changes in cash flow assumptions | — |  |  | — |  |  | — |
Effect of actual variances from expected experience | (5,890) |  |  | (3,859) |  |  | (4,208) |
Adjusted liability for future policyholder benefits, beginning of year | 661,871 |  |  | 741,454 |  |  | 833,833 |
Interest accretion | 14,889 |  |  | 15,625 |  |  | 17,992 |
Benefit payments | (52,588) |  |  | (53,232) |  |  | (60,277) |
Effect of foreign currency rate changes | 18,705 |  |  | (36,086) |  |  | (46,235) |
Liability for future policyholder benefits at original discount rate, end of year | 642,877 |  |  | 667,761 |  |  | 745,313 |
Cumulative effect of changes in discount rate assumptions | (85,114) |  |  | (113,395) |  |  | 76,319 |
Liability for future policyholder benefits, end of year | $ | 557,763 |  |  | $ | 554,366 |  |  | $ | 821,632 |
Schedule of Additional Details of Liability for Future Policyholder Benefits, Life and Annuity | The following table summarizes additional details for the Company's liability for future policyholder benefits.
| December 31,
| 2023 |  | 2022
Weighted-average interest rate: |  |  |
Interest accretion rate | 2.3 | % |  | 2.3 | %
Current discount rate | 3.8 | % |  | 4.3 | %
Weighted-average liability duration | 8.6 years |  | 8.6 years

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