XML 68 R29.htm IDEA: XBRL DOCUMENT v3.25.0.1
Accounts Payable and Other Accrued Liabilities
 12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
Accounts Payable and Other Accrued Liabilities Accounts Payable and Other Accrued Liabilities
Accounts payable and other accrued liabilities consist of the following:
 December 31,
 20242023
 (In millions)
Salaries and incentives$433 $373 
Accrued benefits454 437 
URL401 270 
Deferred revenue92 91 
Contingent consideration - acquisitions110 49 
Trade accounts payable191 339 
Accrued recording fees and transfer taxes7 15 
Accrued premium taxes30 3 
Liability for policy and contract claims102 92 
Retained asset account60 81 
Remittances and items not allocated224 284 
Option collateral liabilities680 588 
Other accrued liabilities465 387 
 $3,249 $3,009 
The following tables roll forward URL for the universal life product for the years ended December 31, 2024 and 2023:
December 31,
20242023
(In millions)
Balance at January 1,$270 $166 
Capitalization151 119 
Amortization(20)(15)
Balance at December 31,$401 $270 
For IUL the cash flow assumptions used to amortize URL reflect the Company’s best estimates for policyholder behavior. We review cash flow assumptions annually, generally in the third quarter. In 2024, F&G undertook a review of all significant assumptions, resulting in a revision to the IUL assumptions involving premium persistency and morality improvement. In 2023, F&G undertook a review of all significant assumptions, resulting in revisions to IUL assumptions involving surrender rates, partial withdrawal rates, mortality improvement, premium persistency, and option budgets.