The following table presents the balances of and changes in the Company’s market risk benefits for the six months ended June 30, 2026 and 2025 (dollars in millions): | | | | | | | | | | | | | | | | | U.S. and Latin America – Financial Solutions | | | Six months ended June 30, | | | 2026 | | 2025 | | Balance, beginning of year | | $ | 215 | | | $ | 206 | | | Balance, beginning of year, before effect of changes in the instrument-specific credit risk | | 217 | | | 209 | | | Interest accrual | | 3 | | | 4 | | | Attributed fees collected | | 11 | | | 12 | | | | | | | | | | | | | Effect of changes in interest rates | | (8) | | | 10 | | | Effect of changes in equity markets | | (19) | | | (16) | | | Effect of changes in volatility | | 2 | | | 1 | | | Other market impacts | | 1 | | | (8) | | | Actual policyholder behavior different from expected behavior | | 6 | | | 9 | | | Balance, end of period, before effect of changes in the instrument-specific credit risk | | 213 | | | 221 | | | Effect of changes in the instrument-specific credit risk | | — | | | (5) | | | Balance, end of period | | 213 | | | 216 | | | Less: reinsurance recoverable | | — | | | — | | | Balance, end of period, after reinsurance | | $ | 213 | | | $ | 216 | | | | | | | | Net amount at risk | | $ | 1,184 | | | $ | 1,278 | | | Weighted average attained age of contract holders (in years) | | 73 | | 72 |
The following table presents the reconciliation of the rollforward for market risk benefits to the condensed consolidated balance sheets as of June 30, 2026 and 2025 (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | June 30, 2025 | | | Asset (1) | | Liability | | Net | | Asset (1) | | Liability | | Net | | U.S. and Latin America – Financial Solutions | | $ | 19 | | | $ | 232 | | | $ | (213) | | | $ | 17 | | | $ | 233 | | | $ | (216) | | | Total market risk benefits | | $ | 19 | | | $ | 232 | | | $ | (213) | | | $ | 17 | | | $ | 233 | | | $ | (216) | |
(1)Included in Other assets.
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