Reserve for Future Policy Benefits (Tables)

3 Months Ended

Mar. 31, 2024

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,
	2024						2023
	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			$	49					$	47
Balance, ending of the period			$	47					$	46
Present Value of Expected Future Policy Benefits
Beginning balance at single-A rate	$	137	$	113	$	185	$	140	$	112	$	192
Beginning adjustment for changes in single-A rate	7		(11)		(32)		4		(14)		(39)
Beginning balance at original discount rate	130		124		217		136		126		231
Effect of changes in cash flow assumptions	—		—		—		—		—		—
Effect of actual variances from expected experience	1		1		—		—		2		—
Adjusted beginning balance	131		125		217		136		128		231
Interest accrual and other	2		4		2		2		4		2
Benefit Payments	(3)		(8)		(7)		(3)		(7)		(6)
Ending balance at original discount rate	130		121		212		135		125		227
Ending adjustment for changes in single-A rate	5		(12)		(35)		8		(12)		(35)
Ending balance at single-A rate	$	135	$	109	$	177	$	143	$	113	$	192
Net reserve for future policy benefits	$	135	$	62	$	177	$	143	$	67	$	192
Weighted-average duration of the reserve for future policy benefits (years)	9.0		11.9		6.3		9.1		12.3		6.5

Net Reserve for Future Policy Benefits
	As of March 31,
	2024		2023
Payout Annuities	$	135	$	143
Life Conversions	62		67
Paid-up Life	177		192
Deferred Profit Liability	20		19
Other	85		87
Total	$	479	$	508

Undiscounted Expected Future Gross Premiums and Benefit Payments
	As of March 31,
	2024		2023
Payout Annuities [1]
Expected future benefit payments	$	255	$	269
Life Conversions
Expected future gross premiums	$	111	$	118
Expected future benefit payments	$	201	$	208
Paid-up Life [1]
Expected future benefit payments	$	274	$	295

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

Weighted-Average Interest Rates
	As of March 31,
	2024		2023
Payout Annuities
Interest accretion rate	5.6	%	5.6	%
Current discount rate	5.1	%	5.0	%
Life Conversions
Interest accretion rate	4.2	%	4.2	%
Current discount rate	5.3	%	5.1	%
Paid-up Life
Interest accretion rate	2.9	%	2.9	%
Current discount rate	5.2	%	5.0	%