v3.26.1
INSURANCE LIABILITIES AND ANNUITY BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Schedule of Insurance and Investment Contract Liabilities A summary of our insurance liabilities and annuity benefits is presented below.
June 30, 2026
Long-term careStructured settlement annuitiesLifeOther contractsTotal
Future policy benefit reserves
$25,468 $8,145 $868 $337 $34,819 
Investment contracts
— 625 — 468 1,093 
Other
— — 109 175 283 
Total
$25,468 $8,770 $977 $979 $36,195 
December 31, 2025
Future policy benefit reserves
$25,792 $8,383 $906 $357 $35,438 
Investment contracts
—647—493 1,140 
Other
——113203 316 
Total
$25,792 $9,031 $1,019 $1,053 $36,894 
Schedule of Future Policy Benefits
The following tables summarize balances of and changes in future policy benefit reserves.

June 30, 2026June 30, 2025
Long-term careStructured settlement annuitiesLifeLong-term careStructured settlement annuitiesLife
Present value of expected net premiums
Balance, beginning of year$4,426 $— $1,833 $4,144 $— $4,318 
Beginning balance at locked-in discount rate4,140 — 1,714 3,991 — 4,415 
Effect of changes in cash flow assumptions67 — — 16 — — 
Effect of actual variances from expected experience(16)— (19)12 — 8 
Adjusted beginning of year balance4,191 — 1,695 4,018 — 4,423 
Interest accrual 114 — 46 108 — 92 
Net premiums collected(205)— (96)(197)— (148)
Effect of foreign currency— — (2)— — 130 
Ending balance at locked-in discount rate4,100 — 1,644 3,930 — 4,496 
Effect of changes in discount rate assumptions218 — 92 211 — (104)
Balance, end of period$4,318 $— $1,736 $4,141 $— $4,392 
Present value of expected future policy benefits
Balance, beginning of year$30,218 $8,383 $2,739 $28,820 $8,426 $5,336 
Beginning balance at locked-in discount rate27,976 8,048 2,582 27,448 8,301 5,411 
Effect of changes in cash flow assumptions(48)— — (68)— — 
Effect of actual variances from expected experience72 (19)(18)152 (6)24 
Adjusted beginning of year balance28,001 8,029 2,564 27,533 8,295 5,435 
Interest accrual770 212 65 748 217 112 
Benefit payments(800)(316)(141)(743)(325)(222)
Effect of foreign currency— — (6)— — 136 
Ending balance at locked-in discount rate27,971 7,926 2,483 27,537 8,187 5,461 
  Effect of changes in discount rate assumptions1,815 220 121 1,654 195 (75)
Balance, end of period$29,786 $8,145 $2,604 $29,192 $8,382 $5,386 
Net future policy benefit reserves$25,468 $8,145 $868 $25,051 $8,382 $994 
Less: Reinsurance recoverables, net of allowance for credit losses(165)— (141)(157)— (248)
Net future policy benefit reserves, after reinsurance recoverables$25,303 $8,145 $727 $24,895 $8,382 $746 
Weighted-average duration of liability (years)(a)10.910.16.011.310.15.3
Weighted-average interest accretion rate5.7 %5.4 %5.4 %5.6 %5.4 %5.3 %
Current discount rate5.5 %5.4 %5.1 %5.5 %5.5 %4.9 %
Gross premiums or assessments recognized during period$225 $— $101 $231 $— $163 
Expected future gross premiums, undiscounted7,396 — 2,968 7,321 — 11,569 
Expected future gross premiums, discounted(a)4,711 — 1,839 4,694 — 5,303 
Expected future benefit payments, undiscounted60,456 17,465 3,921 61,410 18,249 10,442 
Expected future benefit payments, discounted(a)29,786 8,145 2,604 29,192 8,382 5,386 
(a) Determined using the current discount rate as of June 30, 2026 and 2025.