XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.25.3

Separate Accounts | 9 Months Ended
--- | ---
Sep. 30, 2025
Insurance [Abstract] |
Separate Accounts | Separate Accounts The following tables present a rollforward of separate account liabilities for the Retirement stabilizer and deferred annuity business, including a reconciliation to the Condensed Consolidated Balance Sheets, for the periods indicated:
| September 30, 2025 |  | December 31, 2024
Retirement | Stabilizer(1) | Deferred Annuity | Total |  | Stabilizer(1) | Deferred Annuity | Total
Balance at January 1 | $ | 6,901 |  | $ | 90,756 |  | $ | 97,657 |  |  | $ | 7,175 |  | $ | 82,310 |  | $ | 89,485 |
Premiums and deposits | 760 |  | 8,146 |  | 8,906 |  |  | 891 |  | 9,970 |  | 10,861 |
Fee income | (23) |  | (378) |  | (401) |  |  | (33) |  | (487) |  | (520) |
Surrenders, withdrawals and benefits | (899) |  | (9,112) |  | (10,011) |  |  | (1,376) |  | (12,539) |  | (13,915) |
Net transfers (from) to separate accounts | — |  | (1,204) |  | (1,204) |  |  | — |  | (1,461) |  | (1,461) |
Investment performance | 436 |  | 12,218 |  | 12,654 |  |  | 244 |  | 12,963 |  | 13,207 |
Balance at end of period | $ | 7,175 |  | $ | 100,426 |  | $ | 107,601 |  |  | $ | 6,901 |  | $ | 90,756 |  | $ | 97,657 |
Reconciliation to Condensed Consolidated Balance Sheets:
Other variable products liabilities |  |  | 4,349 |  |  |  |  | 4,019 |
Total Separate Account liabilities |  |  | $ | 111,950 |  |  |  |  | $ | 101,676 |
(1) Stabilizer products allow the contract holder to select either the market value of the account or the book value of the account at termination. Cash surrender value represents the amount of the contract holders' account balances distributable at the balance sheet date, less certain surrender charges. The cash surrender value for Retirement deferred annuity products was $100,405 and $90,734, as of September 30, 2025 and December 31, 2024, respectively. The aggregate fair value of assets, by major investment asset category, supporting separate accounts was as follows for the periods indicated:
| September 30, 2025 |  | December 31, 2024
U.S. Treasury securities and obligations of U.S. government, corporations and agencies | $ | 991 |  |  | $ | 913 |
Corporate and foreign debt securities | 2,572 |  |  | 2,493 |
Mortgage-backed securities | 2,903 |  |  | 3,087 |
Equity securities (including mutual funds) | 104,625 |  |  | 94,685 |
Cash, cash equivalents and short-term investments | 651 |  |  | 437 |
Receivable for securities and accruals | 208 |  |  | 61 |
Total | $ | 111,950 |  |  | $ | 101,676 |

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for separate account. Includes, but is not limited to, extent and terms of minimum guarantee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480109/944-80-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -SubTopic 80 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/944-80/tableOfContent + Details
Name: | us-gaap_SeparateAccountTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration