Reserve for Future Policy Benefits (Tables)

6 Months Ended

Jun. 30, 2023

Insurance Loss Reserves [Abstract]

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

Rollforward of Reserve for Future Policy Benefits
	For the six months ended June 30,
	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			$	44					$	49
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	1		3		(1)		—		3		—
Adjusted beginning balance	137		129		230		141		136		248
Interest accrual	4		9		3		4		8		4
Benefit Payments	(6)		(14)		(9)		(6)		(15)		(13)
Ending balance at original discount rate	135		124		224		139		129		239
Ending adjustment for changes in single-A rate	4		(15)		(38)		13		(7)		(27)
Ending balance at single-A rate	$	139	$	109	$	186	$	152	$	122	$	212
Net reserve for future policy benefits	$	139	$	65	$	186	$	152	$	73	$	212
Weighted-average duration of the reserve for future policy benefits (years)	9.1		12.2		6.3		9.2		13.0		6.9

Net Reserve for Future Policy Benefits
	As of June 30,
	2023		2022
Payout Annuities	$	139	$	152
Life Conversions	65		73
Paid-up Life	186		212
DPL	19		20
Other	80		93
Total	$	489	$	550

Undiscounted Expected Future Gross Premiums and Benefit Payments
	As of June 30,
	2023		2022
Payout Annuities [1]
Expected future benefit payments	$	267	$	277
Life Conversions
Expected future gross premiums	$	117	$	126
Expected future benefit payments	$	208	$	218
Paid-up Life [1]
Expected future benefit payments	$	290	$	312

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

Weighted-Average Interest Rates
	For the six months ended June 30,
	2023		2022
Payout Annuities
Interest accretion rate	5.6	%	5.6	%
Current discount rate	5.2	%	4.6	%
Life Conversions
Interest accretion rate	4.2	%	4.1	%
Current discount rate	5.2	%	4.7	%
Paid-up Life
Interest accretion rate	2.9	%	2.9	%
Current discount rate	5.3	%	4.3	%