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Market Risk Benefits (Tables) | 9 Months Ended
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Sep. 30, 2025
Insurance [Abstract] |
Market Risk Benefit, Activity | The following table provides the balances of and changes in the Company’s market risk benefits for the nine months ended September 30, 2025 and 2024 (dollars in millions):
|  | U.S. and Latin America – Financial Solutions
|  | Nine months ended September 30,
|  | 2025 |  | 2024
Balance, beginning of year |  | $ | 206 |  |  | $ | 249 |
Balance, beginning of year, before effect of changes in the instrument-specific credit risk |  | 209 |  |  | 253 |
Interest accrual |  | 6 |  |  | 8 |
Attributed fees collected |  | 18 |  |  | 19 |
Benefit payments |  | — |  |  | — |
Effect of changes in future assumptions |  | — |  |  | 3 |
Effect of changes in interest rates |  | 9 |  |  | (3) |
Effect of changes in equity markets |  | (32) |  |  | (39) |
Effect of changes in volatility |  | 1 |  |  | — |
Other market impacts |  | (7) |  |  | (13) |
Actual policyholder behavior different from expected behavior |  | 16 |  |  | 13 |
Balance, end of period, before effect of changes in the instrument-specific credit risk |  | 220 |  |  | 241 |
Effect of changes in the instrument-specific credit risk |  | (1) |  |  | (8) |
Balance, end of period |  | 219 |  |  | 233 |
Less: reinsurance recoverable |  | — |  |  | — |
Balance, end of period, after reinsurance |  | $ | 219 |  |  | $ | 233 |
Net amount at risk |  | $ | 1,218 |  |  | $ | 1,285 |
Weighted average attained age of contract holders (in years) |  | 72 |  | 71
The reconciliation of the rollforward for market risk benefits to the condensed consolidated balance sheets as of September 30, 2025 and 2024 is as follows (dollars in millions):
|  | September 30, 2025 |  | September 30, 2024
|  | Asset (1) |  | Liability |  | Net |  | Asset (1) |  | Liability |  | Net
U.S. and Latin America – Financial Solutions |  | $ | 19 |  |  | $ | 238 |  |  | $ | (219) |  |  | $ | 14 |  |  | $ | 247 |  |  | $ | (233) |
Total market risk benefits |  | $ | 19 |  |  | $ | 238 |  |  | $ | (219) |  |  | $ | 14 |  |  | $ | 247 |  |  | $ | (233) |
(1)Included in Other assets.

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- Definition Tabular disclosure of beginning balance to ending balance for contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29G -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-29G Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 7B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-7B + Details
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