The following tables present the balances of and changes in the Company’s liability for its policyholder account balances, reflected in interest-sensitive contract liabilities, for the nine months ended September 30, 2026 and 2025 (dollars in millions):


For the nine months ended September 30, 2026:	U.S. and Latin America – Traditional			U.S. and Latin America – Financial Solutions			Asia Pacific – Financial Solutions
Balance, beginning of year	$	3,318		$	26,186		$	7,804
Deposits	633			2,513			4,574
Policy charges	(246)			(598)			(25)
Surrenders and withdrawals	(80)			(1,308)			(519)
Benefit payments	(152)			(526)			(584)
Interest credited	131			821			315
Foreign currency translation	—			—			30
Balance, end of period	$	3,604		$	27,088		$	11,595
Less: reinsurance recoverable	—			(4,443)			—
Balance, end of period, after reinsurance	$	3,604		$	22,645		$	11,595

Weighted average crediting rate	3.2		%	3.7		%	4.6		%
Net amount at risk (1)	$	26,965		$	127,923		$	—
Cash surrender value	$	3,597		$	26,729		$	10,608


For the nine months ended September 30, 2025:	U.S. and Latin America – Traditional			U.S. and Latin America – Financial Solutions			Asia Pacific – Financial Solutions
Balance, beginning of year	$	3,273		$	16,432		$	4,285
Deposits	330			10,974			2,224
Policy charges	(254)			(251)			(9)
Surrenders and withdrawals	(76)			(1,249)			(144)
Benefit payments	(92)			(425)			(233)
Interest credited	119			537			154
Foreign currency translation	—			—			39
Balance, end of period	$	3,300		$	26,018		$	6,316
Less: reinsurance recoverable	—			(2,653)			—
Balance, end of period, after reinsurance	$	3,300		$	23,365		$	6,316

Weighted average crediting rate	3.1		%	3.5		%	4.2		%
Net amount at risk (1)	$	25,190		$	134,062		$	—
Cash surrender value	$	3,295		$	25,779		$	5,948

(1) Net amount at risk is defined as the guaranteed amount less the account value as of the balance sheet date. The balance represents the amount of the claim the Company would incur if death claims were filed on all contracts on the balance sheet date.


	September 30,
	2026		2025
Policyholder account balances included in the rollforwards:
Traditional:
U.S. and Latin America	$	3,604	$	3,300
Financial Solutions:
U.S. and Latin America	27,088		26,018
Asia Pacific	11,595		6,316
Other policyholder account balances:
U.S. and Latin America – Financial Solutions	—		47
Total policyholder account balances	$	42,287	$	35,681

The following tables present the balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates credited to policyholders and the respective guaranteed minimums as of September 30, 2026 and 2025 (dollars in millions):


	September 30, 2026
	Range of Guaranteed Minimum Crediting Rate	At Guaranteed Minimum		1 Basis Point – 50 Basis Points Above		51 Basis Points – 100 Basis Points Above		101 Basis Points – 150 Basis Points Above		Greater Than 150 Basis Points Above		Total

U.S. and Latin America – Traditional	Less than 1.00%	$	826	$	—	$	—	$	—	$	—	$	826
	1.00 – 1.99%	62		2		8		—		—		72
	2.00 – 2.99%	124		58		20		1		—		203
	3.00 – 3.99%	606		6		110		—		—		722
	4.00% and Greater	821		4		44		912		—		1,781
	Total	$	2,439	$	70	$	182	$	913	$	—	$	3,604

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	146	$	—	$	—	$	—	$	767	$	913
	1.00 – 1.99%	878		10		244		217		161		1,510
	2.00 – 2.99%	2,601		568		550		708		401		4,828
	3.00 – 3.99%	3,817		564		122		5		2		4,510
	4.00% and Greater	15,303		24		—		—		—		15,327
	Total	$	22,745	$	1,166	$	916	$	930	$	1,331	$	27,088

Asia Pacific – Financial Solutions	Less than 1.00%	$	133	$	—	$	—	$	—	$	—	$	133
	1.00 – 1.99%	452		—		—		—		—		452
	2.00 – 2.99%	597		—		—		—		—		597
	3.00 – 3.99%	1,058		—		—		—		—		1,058
	4.00% and Greater	9,355		—		—		—		—		9,355
	Total	$	11,595	$	—	$	—	$	—	$	—	$	11,595


	September 30, 2025
	Range of Guaranteed Minimum Crediting Rate	At Guaranteed Minimum		1 Basis Point – 50 Basis Points Above		51 Basis Points – 100 Basis Points Above		101 Basis Points – 150 Basis Points Above		Greater Than 150 Basis Points Above		Total

U.S. and Latin America – Traditional	Less than 1.00%	$	749	$	—	$	—	$	—	$	—	$	749
	1.00 – 1.99%	58		2		8		—		—		68
	2.00 – 2.99%	112		—		—		1		—		113
	3.00 – 3.99%	498		7		115		—		—		620
	4.00% and Greater	705		47		951		47		—		1,750
	Total	$	2,122	$	56	$	1,074	$	48	$	—	$	3,300

U.S. and Latin America – Financial Solutions	Less than 1.00%	$	79	$	—	$	—	$	—	$	954	$	1,033
	1.00 – 1.99%	1,062		30		154		67		90		1,403
	2.00 – 2.99%	3,129		471		297		738		520		5,155
	3.00 – 3.99%	4,082		674		137		4		2		4,899
	4.00% and Greater	13,499		28		—		—		1		13,528
	Total	$	21,851	$	1,203	$	588	$	809	$	1,567	$	26,018

Asia Pacific – Financial Solutions	Less than 1.00%	$	367	$	—	$	—	$	—	$	—	$	367
	1.00 – 1.99%	444		—		—		—		—		444
	2.00 – 2.99%	644		—		—		—		—		644
	3.00 – 3.99%	1,010		—		—		—		—		1,010
	4.00% and Greater	3,851		—		—		—		—		3,851
	Total	$	6,316	$	—	$	—	$	—	$	—	$	6,316