Other Policyholder Funds and Benefits Payable

3 Months Ended

Mar. 31, 2024

Insurance Loss Reserves [Abstract]

Policyholder Account Balance Disclosure [Text Block]

11. OTHER POLICYHOLDER FUNDS AND BENEFITS PAYABLE

Other policyholder funds and benefits payable of $633 and $647 as of March 31, 2024 and 2023 respectively, included universal life long-duration contacts of $218 and $231 as well as policyholder balances related to short-duration contracts of $415

and $416. The universal life long-duration contacts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.

Universal Life Long Duration Contracts Rollforward
	For the three months ended March 31,
	2024			2023
Balance, beginning of the period	$	223		$	232
Premiums Received	3			3
Policy Charges	(5)			(5)
Surrenders and Withdrawals	(1)			(1)
Benefit Payments	(4)			(1)
Interest Credited	2			3
Balance, end of the period	$	218		$	231
Weighted-average crediting rate	4.2		%	4.2		%
Net Amount at Risk [1]	$	897		$	966
Cash Surrender Value	$	216		$	229

[1]Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

As of March 31, 2024 and 2023, universal life contracts of $217 and $229, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%