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Future Policy Benefits Reserves (Tables)
 12 Months Ended
Dec. 31, 2024
Insurance [Abstract]  
Schedule of Liability for Future Policy Benefit
The following table summarizes balances and changes in the LFPB.

202420232022
(In millions)
Present value of future net premiums
Balance, January 1$3,710 $3,991 $4,735 
Effect of changes in discount rate(125)(74)(880)
Balance, January 1, at original locked in discount rate3,585 3,917 3,855 
Effect of changes in cash flow assumptions (a)111 28 352 
Effect of actual variances from expected experience (a)(41)(126)(49)
Adjusted balance, January 13,655 3,819 4,158 
Interest accrual183 202 216 
Net premiums: earned during period(420)(436)(457)
Balance, end of period at original locked in discount rate3,418 3,585 3,917 
Effect of changes in discount rate7 125 74 
Balance, December 31
$3,425 $3,710 $3,991 
Present value of future benefits & expenses
Balance, January 1$17,669 $17,471 $22,745 
Effect of changes in discount rate(578)(125)(5,942)
Balance, January 1, at original locked in discount rate17,091 17,346 16,803 
Effect of changes in cash flow assumptions (a)126 36 538 
Effect of actual variances from expected experience (a)69 (46)(21)
Adjusted balance, January 117,286 17,336 17,320 
Interest accrual924 962 979 
Benefit & expense payments(1,187)(1,207)(953)
Balance, end of period at original locked in discount rate17,023 17,091 17,346 
Effect of changes in discount rate(440)578 125 
Balance, December 31
$16,583 $17,669 $17,471 
Net LFPB, December 31
$13,158 $13,959 $13,480 

(a)
As of December 31, 2024, 2023 and 2022 the re-measurement loss of $(125), $(88) and $(214) presented parenthetically on the Consolidated 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 Consolidated Statement of Operations.

Year Ended December 31
202420232022
(In millions)
   
Earned premiums$437 $451 $473 
Interest expense741 760 763 

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

December 31,
20242023
(In millions)
Expected future benefit and expense payments$31,712 $32,851 
Expected future gross premiums5,183 5,414 
The weighted average interest rates in the table below are calculated based on the rate used to discount all future cash flows.

December 31,
20242023
Original locked in discount rate5.20 %5.22 %
Upper-medium grade fixed income instrument discount rate5.51 4.94