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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2024
Insurance [Abstract]  
Schedule of Reinsurance The effect of reinsurance on net premiums earned and claims incurred and policyholder benefits paid are as follows:
Successor
Predecessor
Year Ended December 31,Period From
May 25 to
December 31,		Period From
January 1 to
May 24,
2024202320222022
(Dollars in millions)
Premiums earned:
Gross amounts, including reinsurance assumed$6,343 $4,907 $1,909 $1,282 
Reinsurance ceded(824)(1,386)(455)(303)
Net premiums earned$5,519 $3,521 $1,454 $979 
Other policy revenue:
Gross amounts, including reinsurance assumed$779 $414 $226 $159 
Reinsurance ceded(122)— — — 
Net other policy revenue$657 $414 $226 $159 
Policyholder benefits paid and claims incurred:
Gross amounts, including reinsurance assumed$7,821 $4,103 $1,564 $1,089 
Reinsurance ceded(2,460)(814)(374)(258)
Net benefits paid and claims incurred$5,361 $3,289 $1,190 $831 
Change in fair value of market risk benefits:
Gross amounts, including reinsurance assumed$92 $(69)$(102)$— 
Reinsurance ceded(95)— — — 
Net change in fair value of market risk benefits$(3)$(69)$(102)$— 
Interest sensitive contract benefits:
Gross amounts, including reinsurance assumed$2,184 $480 $217 $150 
Reinsurance ceded(439)— — — 
Net interest sensitive contract benefits$1,745 $480 $217 $150 
The following summarizes our significant life and annuity reinsurance treaties and related recoverable:
Reinsurance
Recoverable		Agreement TypeProducts Covered
December 31, 2024
(Dollars in millions)
Principal Reinsurers:
EquiTrust Life Insurance Company$231 CoinsuranceCertain Fixed Index and Fixed Rate Annuities
Athene Life Re Ltd.1,747 Coinsurance Funds Withheld, Modified CoinsuranceCertain Fixed Annuities and Multi-Year Guaranteed Annuities
AeBe ISA LTD4,166 Coinsurance Funds Withheld, CoinsuranceCertain Fixed Index and Fixed Rate Annuities
Reinsurance Group of America Inc. (RGA)3,420 CoinsuranceCertain Term, Whole, Indexed Universal, Universal, and Universal with Secondary Guarantee Life Insurance Policies
$9,564