Information regarding MRB assets and liabilities associated with variable annuities was as follows: | | | | | | | | | | | | | | | | | Six Months Ended
June 30, | | | 2026 | | 2025 | | | (Dollars in millions) | | Balance, beginning of period | | $ | 7,001 | | | $ | 7,233 | | | Balance, beginning of period, before effect of changes in nonperformance risk | | 5,413 | | | 5,219 | | | Decrements | | (61) | | | (61) | | | | | | | | Effect of actual different from expected experience | | 139 | | | (28) | | | Effect of changes in interest rates | | (279) | | | 221 | | | Effect of changes in fund returns | | (980) | | | (799) | | Effect of changes in equity index volatility | | 184 | | | 98 | | | Issuances | | — | | | (2) | | | Effect of changes in risk margin | | (8) | | | (11) | | | Aging of the block and other | | 499 | | | 560 | | | Balance, end of period, before effect of changes in nonperformance risk | | 4,907 | | | 5,197 | | | Effect of changes in nonperformance risk | | 1,469 | | | 1,763 | | | Balance, end of period | | 6,376 | | | 6,960 | | | Less: Reinsurance recoverable, end of period | | 5 | | | 15 | | | Balance, end of period, net of reinsurance (1) | | $ | 6,371 | | | $ | 6,945 | | | Weighted-average attained age of contract holder | | 74.9 years | | 74.2 years |
_______________ (1)Amounts represent the sum of MRB assets and MRB liabilities presented on the consolidated balance sheets at June 30, 2026 and 2025, with the exception of $43 million and $22 million, respectively, of index-linked annuity MRBs not included in this table.
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