v3.26.3
INSURANCE LIABILITIES AND ANNUITY BENEFITS (Tables)
 9 Months Ended
Sep. 30, 2026
Insurance [Abstract]  
Schedule of Insurance and Investment Contract Liabilities A summary of our insurance liabilities and annuity benefits is presented below.
September 30, 2026
Long-term careStructured settlement annuitiesLifeOther contractsTotal
Future policy benefit reserves
$24,050 $7,570 $834 $330 $32,785 
Investment contracts
— 608 — 450 1,058 
Other
— — 112 168 280 
Total
$24,050 $8,178 $946 $948 $34,123 
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.

September 30, 2026September 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 assumptions54 — — 257 — 4 
Effect of actual variances from expected experience (a)(37)— (23)(3)— (2,343)
Adjusted beginning of year balance4,157 — 1,691 4,244 — 2,076 
Interest accrual 169 — 69 164 — 138 
Net premiums collected(303)— (145)(299)— (223)
Effect of foreign currency— — (2)— — 108 
Ending balance at locked-in discount rate4,024 — 1,614 4,110 — 2,099 
Effect of changes in discount rate assumptions7 — 7 278 — 87 
Balance, end of period$4,031 $— $1,621 $4,388 $— $2,186 
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 assumptions276 — (6)308 (37)43 
Effect of actual variances from expected experience (a)86 (5)11 142 6 (2,381)
Adjusted beginning of year balance28,339 8,043 2,586 27,898 8,270 3,074 
Interest accrual1,160 316 97 1,129 323 167 
Benefit payments(1,203)(473)(230)(1,130)(486)(319)
Effect of foreign currency— — (5)— — 113 
Ending balance at locked-in discount rate28,295 7,886 2,448 27,897 8,107 3,035 
  Effect of changes in discount rate assumptions(214)(316)7 2,291 360 127 
Balance, end of period$28,081 $7,570 $2,455 $30,188 $8,467 $3,161 
Net future policy benefit reserves$24,050 $7,570 $834 $25,801 $8,467 $976 
Less: Reinsurance recoverables, net of allowance for credit losses(148)— (141)(157)— (179)
Net future policy benefit reserves, after reinsurance recoverables$23,902 $7,570 $692 $25,644 $8,467 $797 
Weighted-average duration of liability (years)(b)10.39.55.811.310.26.0
Weighted-average interest accretion rate5.6 %5.4 %5.4 %5.6 %5.4 %5.3 %
Current discount rate6.1 %6.1 %5.7 %5.3 %5.3 %4.9 %
Gross premiums or assessments recognized during period$338 $— $153 $343 $— $249 
Expected future gross premiums, undiscounted7,326 — 2,915 7,499 — 4,468 
Expected future gross premiums, discounted(b)4,465 — 1,720 4,813 — 2,452 
Expected future benefit payments, undiscounted60,512 17,332 3,841 61,497 17,961 5,091 
Expected future benefit payments, discounted(b)28,081 7,570 2,455 30,188 8,467 3,161 
(a) Substantially all of Life reflects novations executed during the three months ended September 30, 2025, in connection with the February 3, 2025 Canadian life and health insurance portfolio reinsurance transaction.
(b) Determined using the current discount rate as of September 30, 2026 and 2025.