Reserve for Future Policy Benefits (Tables)

3 Months Ended

Mar. 31, 2023

Insurance Loss Reserves [Abstract]

Liability for Future Policy Benefit, Activity [Table Text Block]

Rollforward of Reserve for Future Policy Benefits
	For the three months ended March 31,
	2023						2022
	Payout Annuities		Life Conversions		Paid-up Life		Payout Annuities		Life Conversions		Paid-up Life
Present Value of Expected Net Premiums
Balance, beginning of the period			$	47					$	58
Balance, ending of the period			$	46					$	52
Present Value of Expected Future Policy Benefits
Beginning balance at single-A rate	$	140	$	112	$	192	$	188	$	152	$	262
Beginning adjustment for changes in single-A rate	4		(14)		(39)		47		19		14
Beginning balance at original discount rate	136		126		231		141		133		248
Effect of actual variances from expected experience	—		2		—		1		1		—
Adjusted beginning balance	136		128		231		142		134		248
Interest accrual	2		4		2		2		4		2
Benefit Payments	(3)		(7)		(6)		(3)		(7)		(5)
Ending balance at original discount rate	135		125		227		141		131		245
Ending adjustment for changes in single-A rate	8		(12)		(35)		28		5		(11)
Ending balance at single-A rate	$	143	$	113	$	192	$	169	$	136	$	234
Net reserve for future policy benefits	$	143	$	67	$	192	$	169	$	84	$	234
Weighted-average duration of the reserve for future policy benefits (years)	9.1		12.3		6.5		9.2		14.1		7.5

Net Reserve for Future Policy Benefits
	As of March 31,
	2023		2022
Payout Annuities	$	143	$	169
Life Conversions	67		84
Paid-up Life	192		234
DPL	19		20
Other	87		85
Total	$	508	$	592

Undiscounted Expected Future Gross Premiums and Benefit Payments
	As of March 31,
	2023		2022
Payout Annuities [1]
Expected future benefit payments	$	269	$	281
Life Conversions
Expected future gross premiums	$	118	$	126
Expected future benefit payments	$	208	$	221
Paid-up Life [1]
Expected future benefit payments	$	295	$	319

[1]Payout Annuities and Paid-up Life have no expected future gross premiums.

Weighted-Average Interest Rates
	For the three months ended March 31,
	2023		2022
Payout Annuities
Interest accretion rate	5.6	%	5.6	%
Current discount rate	5.0	%	3.7	%
Life Conversions
Interest accretion rate	4.2	%	4.1	%
Current discount rate	5.1	%	3.8	%
Paid-up Life
Interest accretion rate	2.9	%	2.9	%
Current discount rate	5.0	%	3.3	%