XML 70 R54.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Other Insurance Liabilities and Separate Accounts - Changes in Liability for Future Policy Benefits (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Present value of expected future policy benefits        
Effect of changes in discount rate assumptions $ (23)   $ (23)  
Large Case Pensions        
Present value of expected future policy benefits        
Liability for future policy benefits, beginning of the period - current discount rate 2,139 $ 2,253    
Beginning liability for future policy benefits at original (locked-in) discount rate 2,251 2,425    
Effect of changes in cash flow assumptions     0 $ 0
Effect of actual variances from expected experience     (8) 3
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate     2,243 2,428
Issuances 20 5    
Interest accrual (using locked-in discount rate) 24 25    
Benefit payments (actual) (63) (73)    
Ending liability for future policy benefits at original (locked-in) discount rate 2,224 2,385    
Effect of changes in discount rate assumptions (151) (115)    
Liability for future policy benefits, end of the period - current discount rate 2,073 2,270    
Net liability for future policy benefits 2,073 2,270    
Less: Reinsurance recoverable 0 0    
Net liability for future policy benefits, net of reinsurance recoverable 2,073 2,270    
Long-Term Care        
Present value of expected net premiums        
Liability for future policy benefits, beginning of the period - current discount rate 293 300    
Beginning liability for future policy benefits at original (locked-in) discount rate 288 302    
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     5 0
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate     293 302
Interest accrual (using locked-in discount rate) 4 4    
Net premiums (actual) (10) (10)    
Ending liability for future policy benefits at original (locked-in) discount rate 287 296    
Effect of changes in discount rate assumptions (2) 5    
Liability for future policy benefits, end of the period - current discount rate 285 301    
Present value of expected future policy benefits        
Liability for future policy benefits, beginning of the period - current discount rate 1,640 1,566    
Beginning liability for future policy benefits at original (locked-in) discount rate 1,632 1,613    
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     0 (2)
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate     $ 1,632 $ 1,611
Issuances 0 0    
Interest accrual (using locked-in discount rate) 21 20    
Benefit payments (actual) (18) (18)    
Ending liability for future policy benefits at original (locked-in) discount rate 1,635 1,613    
Effect of changes in discount rate assumptions (41) 12    
Liability for future policy benefits, end of the period - current discount rate 1,594 1,625    
Net liability for future policy benefits 1,309 1,324    
Less: Reinsurance recoverable 0 0    
Net liability for future policy benefits, net of reinsurance recoverable $ 1,309 $ 1,324