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Separate Account Assets and Liabilities
6 Months Ended
Jun. 30, 2025
Insurance [Abstract]  
Separate Account Assets and Liabilities
13. Separate Account Assets and Liabilities
The following table presents the change of the Company’s separate account assets and liabilities:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(Dollars in millions)
Balance, beginning of period$1,253 $1,285 $1,343 $1,189 
Additions (deductions):
    Policyholder deposits14 15 33 35 
    Net investment income32 10 
    Net realized capital gains (losses) on investments 78 16 35 112 
    Policyholder benefits and withdrawals(22)(27)(53)(75)
    Net transfer from (to) general account(6)(20)(60)
    Policy charges(4)(4)(8)(7)
Total changes69 (19)(21)77 
Balance, end of period$1,322 $1,266 $1,322 $1,266 
Cash surrender value$747 $704 $747 $704