Employee Retirement Benefits

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Employee Retirement Benefits

Employee Retirement Benefits

The following summarizes the components of net periodic (benefit) cost for our qualified and supplemental pension plans:

(Dollars in millions)	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Service cost	$	2	$	2	$	7	$	7
Non-service (benefit) costs:
Interest cost	3		2		8		7
Expected return on plan assets	(6)		(5)		(17)		(16)
Amortization of actuarial loss and prior service cost	—		2		—		5
Other	—		—		—		2
Total non-service benefit	(3)		(1)		(9)		(2)
Net periodic (benefit) cost	$	(1)	$	1	$	(2)	$	5

See our 2021 Annual Report on Form 10-K, Item 8, Note 13, Employee Retirement Benefits, Page 162, for information on our retirement benefits. The net periodic (benefit) cost is allocated in the same proportion primarily to the underwriting, acquisition and insurance expenses line item with the remainder allocated to the insurance losses and contract holders' benefits line item on the condensed consolidated statements of income for both 2022 and 2021.

We made matching contributions totaling $6 million and $7 million to our 401(k) and Top Hat savings plans during the third quarter of 2022 and 2021 and contributions of $20 million and $18 million for the first nine months of 2022 and 2021, respectively.We made no contributions to our qualified pension plan during the first nine months of 2022.