v3.26.3
Reserve for Future Policy Benefits (Tables)
 9 Months Ended
Sep. 30, 2026
Insurance Loss Reserves [Abstract]  
Liability for Future Policy Benefit, Activity [Table Text Block]
Rollforward of Reserve for Future Policy Benefits
For the nine months ended September 30,
20262025
Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up Life
Present Value of Expected Net Premiums
Balance, beginning of the period$43 $45 
Balance, ending of the period $39 $43 
Present Value of Expected Future Policy Benefits
Beginning balance at single-A rate$123 $104 $165 $128 $106 $168 
Beginning adjustment for changes in single-A rate3 (15)(24)— (15)(33)
Beginning balance at original discount rate120 119 189 128 121 201 
Effect of changes in cash flow assumptions— — — — — 1 
Effect of actual variances from expected experience2 1 — (1)3 1 
Adjusted beginning balance122 120 189 127 124 203 
Issuances— 11 11 — — — 
Interest accrual and other4 9 6 4 15 4 
Benefit Payments(9)(27)(15)(9)(21)(16)
Ending balance at original discount rate117 113 191 122 118 191 
Ending adjustment for changes in single-A rate(7)(19)(32)4 (13)(24)
Ending balance at single-A rate$110 $94 $159 $126 $105 $167 
Net reserve for future policy benefits$110 $55 $159 $126 $62 $167 
Weighted-average duration of the reserve for future policy benefits (years)8.89.55.49.411.06.2
 Net Reserve for Future Policy Benefits
As of September 30,
20262025
Payout Annuities$110 $126 
Life Conversions55 62 
Paid-up Life159 167 
Deferred Profit Liability16 16 
Other81 85 
Total$421 $456 
Undiscounted Expected Future Gross Premiums and Benefit Payments
As of September 30,
20262025
Payout Annuities [1]
Expected future benefit payments$230 $240 
Life Conversions
Expected future gross premiums$94 $100 
Expected future benefit payments$179 $189 
Paid-up Life [1]
Expected future benefit payments$241 $244 
[1]Payout Annuities and Paid-up Life have no expected future gross premiums.
Weighted-Average Interest Rates
As of September 30,
20262025
Payout Annuities
Interest accretion rate5.6 %5.6 %
Current discount rate6.3 %5.2 %
Life Conversions
Interest accretion rate4.3 %4.3 %
Current discount rate6.3 %5.4 %
Paid-up Life
Interest accretion rate3.0 %2.9 %
Current discount rate5.9 %4.8 %