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Separate Account Assets and Liabilities
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
2025202420252024
(Dollars in millions)
Balance, beginning of period$1,322 $1,266 $1,343 $1,189 
Additions (deductions):
    Policyholder deposits17 20 50 55 
    Net investment income11 43 19 
    Net realized capital gains (losses) on investments 49 44 84 156 
    Policyholder benefits and withdrawals(89)(28)(142)(103)
    Net transfer from (to) general account(112)(6)(172)(4)
    Policy charges(3)(3)(11)(10)
Total changes(127)36 (148)113 
Balance, end of period$1,195 $1,302 $1,195 $1,302 
Cash surrender value$788 $732 $788 $732