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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Reinsurance The effect of reinsurance on the applicable line items on our Consolidated Statements of Operations are as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(Dollars in millions)
Premiums earned:
Gross amounts, including reinsurance assumed$943 $1,387 $1,988 $2,871 
Reinsurance ceded(191)(382)(347)(722)
Net amount$752 $1,005 $1,641 $2,149 
Other policy revenue:
Gross amounts, including reinsurance assumed$252 $203 $480 $315 
Reinsurance ceded(80)(19)(159)(19)
Net amount$172 $184 $321 $296 
Policyholder benefits and claims incurred:
Gross amounts, including reinsurance assumed$1,074 $1,296 $2,158 $2,588 
Reinsurance ceded(246)(266)(442)(472)
Net amount$828 $1,030 $1,716 $2,116 
Change in fair value of market risk benefits:
Gross amounts, including reinsurance assumed$(26)$148 $366 $186 
Reinsurance ceded(21)(9)(52)(28)
Net amount$(47)$139 $314 $158 
Interest sensitive contract benefits:
Gross amounts, including reinsurance assumed$544 $506 $1,094 $765 
Reinsurance ceded(59)(116)(97)(220)
Net amount$485 $390 $997 $545 
The following summarizes our significant life and annuity reinsurance treaties and related recoverable:
Reinsurance RecoverableAgreement TypeProducts Covered
June 30, 2025December 31, 2024
(Dollars in millions)
Principal Reinsurers:
EquiTrust Life Insurance Company$210 $231 CoinsuranceCertain Fixed Index and Fixed Rate Annuities
Athene Life Re Ltd.1,570 1,747 Coinsurance Funds Withheld, Modified CoinsuranceCertain Fixed Annuities and Multi-Year Guaranteed Annuities
AeBe ISA LTD4,023 4,166 Coinsurance Funds Withheld, CoinsuranceCertain Fixed Index and Fixed Rate Annuities
Reinsurance Group of America Inc. (RGA)3,533 3,420 CoinsuranceCertain Term, Whole, Indexed Universal, Universal, and Universal with Secondary Guarantee Life Insurance Policies
$9,336 $9,564 
Below is a table showing a summary of the impact of the reinsurance agreement prior to recapture:
June 30, 2024
(Dollars in millions)
Total assets$8,082 
Total liabilities5,564 
Three Months Ended
June 30, 2024
(Dollars in millions)
Net (loss) $(78)