v3.26.3
Future Policy Benefits (Long Duration Reinsurance Contracts) (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Liability for Future Policy Benefit, by Product Segment [Line Items]        
Future policy benefits $ 71,288 $ 66,389 $ 66,425  
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense 6,309 5,786    
Future Policy Benefits Unearned Revenue Liability 764 814    
Future Policy Benefits Cost Of Reinsurance Liability 1,553 1,550    
Additional Liability, Long-Duration Insurance, before Reinsurance, after Discount Rate Change 371 235    
Liability For Future Policy Benefits Before Reinsurance Other Long Duration Contracts 138 116    
Life Insurance Product Line [Member]        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
Future Policy Benefit Expected Future Policy Benefit Annual Assumption Update     183  
Life Insurance Product Line [Member] | Americas [Member] | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax (13,967) (7,000) 79,828 $ 77,881
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     (194) (352)
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (2,262) (1,279)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 79,604 80,949 77,372 76,250
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 3,596 7,821    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 2,684 2,688    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (4,048) (5,814)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change 0 4    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 65,637 73,949    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (17,659) (8,917) 94,710 90,711
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     (190) (381)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (2,259) (1,218)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 95,059 96,364 92,261 89,112
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 3,596 8,521    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 3,230 3,227    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (4,028) (4,502)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change 0 6    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 77,400 87,447    
Future policy benefits 11,763 13,498    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance (775) (834)    
Liability for Future Policy Benefit, after Reinsurance $ 10,988 $ 12,664    
Liability for Future Policy Benefit, Weighted-Average Duration 11 years 11 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 4.60% 4.60%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 6.40% 5.40%    
Life Insurance Product Line [Member] | CANADA | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax $ (5,653) $ (4,501) 23,247 20,928
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     (405) 570
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     44 70
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 22,329 22,502 22,886 21,568
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 430 404    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 596 559    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (765) (723)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change (818) 694    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 16,676 18,001    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (5,482) (3,934) 26,896 24,309
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     (425) 561
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     35 73
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 25,941 26,066 26,506 24,943
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 430 404    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 763 719    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (808) (808)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change (950) 808    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 20,459 22,132    
Future policy benefits 3,783 4,131    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance (230) (254)    
Liability for Future Policy Benefit, after Reinsurance $ 3,553 $ 3,877    
Liability for Future Policy Benefit, Weighted-Average Duration 13 years 14 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 3.70% 3.70%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 5.50% 4.90%    
Life Insurance Product Line [Member] | EMEA [Member] | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax $ (3,868) $ (3,013) 18,353 15,911
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     (50) 38
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     561 546
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 19,530 17,927 18,864 16,495
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 2,000 1,106    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 523 444    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (1,553) (1,413)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change (304) 1,295    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 15,662 14,914    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (4,560) (3,590) 20,363 17,365
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     (19) 261
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     528 536
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 21,635 19,874 20,872 18,162
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 2,000 1,106    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 566 479    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (1,457) (1,300)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change (346) 1,427    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 17,075 16,284    
Future policy benefits 1,413 1,370    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance (13) (15)    
Liability for Future Policy Benefit, after Reinsurance $ 1,400 $ 1,355    
Liability for Future Policy Benefit, Weighted-Average Duration 8 years 8 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 3.70% 3.50%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 6.50% 5.70%    
Life Insurance Product Line [Member] | Asia Pacific [Member] | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax $ (14,482) $ (12,252) 50,206 44,801
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     521 150
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (314) (668)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 54,533 48,715 50,413 44,283
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 4,515 3,752    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 1,116 952    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (1,896) (1,854)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change 385 1,582    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 40,051 36,463    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (17,283) (14,609) 55,572 49,712
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     506 148
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (325) (733)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 60,297 54,061 55,753 49,127
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 4,504 3,752    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 1,261 1,086    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (1,588) (1,553)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change 367 1,649    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 43,014 39,452    
Future policy benefits 2,963 2,989    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance (57) (78)    
Liability for Future Policy Benefit, after Reinsurance $ 2,906 $ 2,911    
Liability for Future Policy Benefit, Weighted-Average Duration 15 years 15 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 2.90% 2.80%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 5.10% 4.60%    
Insurance, Other        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
Future Policy Benefit Expected Future Policy Benefit Annual Assumption Update $ 17   24  
Insurance, Other | Americas [Member] | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax (357) $ (194) 2,627 1,346
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     11 0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (20) (10)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 2,503 1,265 2,618 1,336
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 1,350 2,118    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 78 30    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (1,543) (2,219)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change 0 0    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 2,146 1,071    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (1,366) (332) 13,388 9,489
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     24 0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (12) (13)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 14,247 11,234 13,400 9,476
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 1,371 2,146    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 479 396    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (1,003) (784)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change 0 0    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 12,881 10,902    
Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments (43) 8    
Future policy benefits 10,692 9,839    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance (4,706) (1,749)    
Liability for Future Policy Benefit, after Reinsurance $ 5,986 $ 8,090    
Liability for Future Policy Benefit, Weighted-Average Duration 8 years 9 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 4.40% 4.10%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 6.50% 5.30%    
Insurance, Other | CANADA | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax $ (313) $ (182) 3,518 3,614
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     (13) 0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (25) 6
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 3,188 3,560 3,480 3,620
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 0 0    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 92 99    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (265) (278)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change (119) 119    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 2,875 3,378    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (655) (125) 8,160 7,934
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     (13) 0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     (25) 6
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 7,729 8,121 8,122 7,940
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 0 0    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 261 263    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (368) (347)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change (286) 265    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 7,074 7,996    
Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments 0 0    
Future policy benefits 4,199 4,618    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 0 0    
Liability for Future Policy Benefit, after Reinsurance $ 4,199 $ 4,618    
Liability for Future Policy Benefit, Weighted-Average Duration 11 years 12 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 4.10% 4.10%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 5.40% 4.80%    
Insurance, Other | EMEA [Member] | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax $ (15,745) $ (10,484) 87,259 71,360
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     0 (409)
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     280 (289)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 91,905 86,690 87,539 70,662
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 9,685 15,195    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 2,652 2,078    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (6,318) (7,283)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change (1,653) 6,038    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 76,160 76,206    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (17,214) (11,507) 98,153 78,290
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     0 (433)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     261 (308)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 103,114 96,746 98,414 77,549
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 9,685 15,194    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 2,964 2,298    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (6,017) (4,834)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change (1,932) 6,539    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 85,900 85,239    
Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments 0 0    
Future policy benefits 9,740 9,033    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 0 0    
Liability for Future Policy Benefit, after Reinsurance $ 9,740 $ 9,033    
Liability for Future Policy Benefit, Weighted-Average Duration 9 years 9 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 4.00% 3.50%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 6.30% 5.40%    
Insurance, Other | Asia Pacific [Member] | Other Segments        
Liability for Future Policy Benefit, by Product Segment [Line Items]        
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax $ (921) $ (621) 2,106 2,758
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change     29 0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     50 (121)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change 1,581 2,279 2,185 2,637
Liability for Future Policy Benefit, Expected Net Premium, Issuance [1] 6,997 2,657    
Liability for Future Policy Benefit, Expected Net Premium, Interest Income [2] 13 31    
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected [3] (7,574) (3,227)    
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change (40) 181    
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change 660 1,658    
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax (5,434) (3,729) 16,870 14,626
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change     33 0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience     88 (127)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change 23,694 17,797 $ 16,991 $ 14,499
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance [1] 6,997 2,666    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense [2] 448 251    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment [4] (790) (499)    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change 48 880    
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 18,260 14,068    
Liability For Future Policy Benefits Cumulative Amount Of Fair Value Hedging Adjustments 0 0    
Future policy benefits 17,600 12,410    
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 0 0    
Liability for Future Policy Benefit, after Reinsurance $ 17,600 $ 12,410    
Liability for Future Policy Benefit, Weighted-Average Duration 12 years 14 years    
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate 2.00% 1.90%    
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate 5.30% 4.00%    
[1] Issuances: The present value, using the original discount rate, of the expected net premiums or the expected future policy benefits related to new insurance contracts that became effective during the current period and new policies assumed on existing contracts during the period.
[2] Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.
[3] Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.
[4] Benefit payments: The release of the present value, using the original discount rate, of the expected future policy benefits due to death, lapse/withdrawal and other benefit payments based on current assumptions.