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Future Policy Benefits Reserves (Tables)
 3 Months Ended
Mar. 31, 2024
Insurance [Abstract]  
Schedule of Liability for Future Policy Benefit
20242023
(In millions)
Present value of future net premiums
Balance, January 1$3,710 $3,993 
Effect of changes in discount rate(125)(74)
Balance, January 1, at original locked in discount rate3,585 3,919 
Effect of changes in cash flow assumptions (a) 
Effect of actual variances from expected experience (a)(28)(49)
Adjusted balance, January 13,557 3,870 
Interest accrual47 52 
Net premiums: earned during period(107)(111)
Balance, end of period at original locked in discount rate3,497 3,811 
Effect of changes in discount rate56 154 
Balance, March 31
$3,553 $3,965 
Present value of future benefits & expenses
Balance, January 1$17,669 $17,472 
Effect of changes in discount rate(578)(125)
Balance, January 1, at original locked in discount rate17,091 17,347 
Effect of changes in cash flow assumptions (a) 
Effect of actual variances from expected experience (a)(13)(50)
Adjusted balance, January 117,078 17,297 
Interest accrual231 242 
Benefit & expense payments(321)(302)
Balance, end of period at original locked in discount rate16,988 17,237 
Effect of changes in discount rate78 704 
Balance, March 31
$17,066 $17,941 
Net LFPB, March 31
$13,513 $13,976 

(a)
As of March 31, 2024 and 2023, the re-measurement gain (loss) of $(15) million and $1 million presented parenthetically on the Consolidated Condensed Statement of Operations is comprised of the effect of changes in cash flow assumptions and the effect of actual variances from expected experience.
The following table presents earned premiums and interest expense associated with the long-term care business recognized on the Condensed Consolidated Statement of Operations.

Three Months Ended March 3120242023
(In millions)
   
Earned premiums$110 $115 
Interest expense184 190 

The following table presents undiscounted expected future benefit and expense payments and undiscounted expected future gross premiums.

March 31,
20242023
(In millions)
Expected future benefit and expense payments$32,474 $33,759 
Expected future gross premiums5,270 5,729 
The weighted average interest rates in the table below are calculated based on the rate used to discount all future cash flows.

March 31,December 31,
202420232023
Original locked in discount rate5.22 %5.26 %5.22 %
Upper-medium grade fixed income instrument discount rate5.20 4.92 4.94