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INSURANCE LIABILITIES AND ANNUITY BENEFITS (Tables)
 9 Months Ended
Sep. 30, 2025
Insurance [Abstract]  
Schedule of Insurance and Investment Contract Liabilities A summary of our insurance liabilities and annuity benefits is presented below.
September 30, 2025
Long-term careStructured settlement annuitiesLifeOther contractsTotal
Future policy benefit reserves
$25,801 $8,467 $976 $356 $35,599 
Investment contracts
— 669 — 502 1,171 
Other
— — 113 271 384 
Total
$25,801 $9,136 $1,088 $1,129 $37,153 

December 31, 2024
Future policy benefit reserves
$24,675 $8,426 $1,018 $357 $34,476 
Investment contracts
— 719 — 621 1,340 
Other
— — 116 277 394 
Total
$24,675 $9,145 $1,134 $1,254 $36,209 
Summary of Future Policy Benefits
The following tables summarize balances of and changes in future policy benefit reserves.

September 30, 2025September 30, 2024
Present value of expected net premiumsLong-term careStructured settlement annuitiesLifeLong-term careStructured settlement annuitiesLife
Balance, beginning of year$4,144 $— $4,318 $4,063 $— $4,803 
Beginning balance at locked-in discount rate3,991 — 4,415 3,745 — 4,773 
Effect of changes in cash flow assumptions257 — 4 387 — (1)
Effect of actual variances from expected experience(a)(3)— (2,343)(26)— (5)
Adjusted beginning of year balance4,244 — 2,076 4,106 — 4,768 
Interest accrual 164 — 138 155 — 134 
Net premiums collected(299)— (223)(298)— (212)
Effect of foreign currency— — 108 — — (41)
Ending balance at locked-in discount rate4,110 — 2,099 3,962 — 4,649 
Effect of changes in discount rate assumptions278 — 87 355 — (24)
Balance, end of period$4,388 $— $2,186 $4,317 $— $4,625 
Present value of expected future policy benefits
Balance, beginning of year$28,820 $8,426 $5,336 $30,895 $9,357 $5,921 
Beginning balance at locked-in discount rate27,448 8,301 5,411 27,144 8,561 5,847 
Effect of changes in cash flow assumptions308 (37)43 389 — 24 
Effect of actual variances from expected experience(a)142 6 (2,381)24 (25)(4)
Adjusted beginning of year balance27,898 8,270 3,074 27,557 8,536 5,867 
Interest accrual1,129 323 167 1,112 332 164 
Benefit payments(1,130)(486)(319)(1,079)(493)(329)
Effect of foreign currency— — 113 — — (44)
Ending balance at locked-in discount rate27,897 8,107 3,035 27,591 8,374 5,658 
  Effect of changes in discount rate assumptions2,291 360 127 3,540 719 26 
Balance, end of period$30,188 $8,467 $3,161 $31,131 $9,093 $5,684 
Net future policy benefit reserves$25,801 $8,467 $976 $26,813 $9,093 $1,060 
Less: Reinsurance recoverables, net of allowance for credit losses(157)— (179)(185)— (32)
Net future policy benefit reserves, after reinsurance recoverables$25,644 $8,467 $797 $26,628 $9,093 $1,028 
Weighted-average duration of liability (years)(b)11.310.26.012.310.95.6
Weighted-average interest accretion rate5.6%5.4%5.3%5.6%5.4%5.1%
Current discount rate5.3%5.3%4.9%5.0%4.9%4.6%
Gross premiums or assessments recognized during period$343 $— $249 $359 $— $241 
Expected future gross premiums, undiscounted7,499 — 4,468 7,517 — 12,011 
Expected future gross premiums, discounted(b)4,813 — 2,452 4,938 — 5,576 
Expected future benefit payments, undiscounted61,497 17,961 5,091 62,798 18,769 10,868 
Expected future benefit payments, discounted(b)30,188 8,467 3,161 31,131 9,093 5,684 
(a) Substantially all of Life reflects novations executed during the three months ended September 30, 2025, in connection with the February 3, 2025, Canadian life and health insurance portfolio reinsurance transaction.
(b) Determined using the current discount rate as of September 30, 2025 and 2024.