Other Policyholder Funds and Benefits Payable

6 Months Ended

Jun. 30, 2026

Policyholder Account Balance Disclosure [Text Block]

11. Other Policyholder Funds and Benefits Payable

Other policyholder funds and benefits payable of $606 and $612 as of June 30, 2026 and 2025 respectively, included universal life long-duration contracts of $188 and $201 as well as policyholder balances related to short-duration contracts of $418

and $411. The universal life long-duration contracts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.


Universal Life Long Duration Contracts Rollforward
	For the six months ended June 30,
	2026			2025
Balance, beginning of the period	$	196		$	206
Premiums Received	6			6
Policy Charges	(9)			(9)
Surrenders and Withdrawals	(4)			(3)
Benefit Payments	(6)			(3)
Interest Credited	5			4
Balance, end of the period	$	188		$	201
Weighted-average crediting rate	4.2		%	4.3		%
Net Amount at Risk [1]	$	718		$	791
Cash Surrender Value	$	186		$	199

[1]Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

As of June 30, 2026 and 2025, universal life contracts of $187 and $199, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%