v3.26.1
Separate Account Assets and Liabilities
6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Separate Account Assets and Liabilities
13. Separate Account Assets and Liabilities
The following table presents the changes in the Company’s separate account assets and liabilities:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
(Dollars in millions)
Balance, beginning of period$780 $1,253 $822 $1,343 
Additions (deductions):
Policyholder deposits13 14 29 33 
Net investment income— 19 32 
Net realized capital gains (losses) on investments 113 78 78 35 
Policyholder benefits and withdrawals(31)(22)(65)(53)
Net transfer from (to) general account(6)(1)(60)
Policy charges(4)(4)(8)(8)
Total changes94 69 52 (21)
Balance, end of period$874 $1,322 $874 $1,322 
Cash surrender value$847 $747 $847 $747