XML 71 R58.htm IDEA: XBRL DOCUMENT v3.24.3
Other Insurance Liabilities and Separate Accounts - Changes in Liability for Future Policy Benefits (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Present value of expected future policy benefits        
Effect of changes in discount rate assumptions $ (19) $ (26) $ (23)  
Large Case Pensions        
Present value of expected future policy benefits        
Liability for future policy benefits, beginning of the period - current discount rate 2,139 2,253    
Beginning liability for future policy benefits at original (locked-in) discount rate 2,251 2,425    
Effect of changes in cash flow assumptions     0 $ 0
Effect of actual variances from expected experience     (20) 1
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate     2,231 2,426
Issuances 26 8    
Interest accrual (using locked-in discount rate) 69 74    
Benefit payments (actual) (192) (210)    
Ending liability for future policy benefits at original (locked-in) discount rate 2,134 2,298    
Effect of changes in discount rate assumptions (90) (247)    
Liability for future policy benefits, end of the period - current discount rate 2,044 2,051    
Net liability for future policy benefits 2,044 2,051    
Less: Reinsurance recoverable 0 0    
Net liability for future policy benefits, net of reinsurance recoverable 2,044 2,051    
Long-Term Care        
Present value of expected net premiums        
Liability for future policy benefits, beginning of the period - current discount rate 293 300    
Beginning liability for future policy benefits at original (locked-in) discount rate 288 302    
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     12 7
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate     300 309
Interest accrual (using locked-in discount rate) 11 11    
Net premiums (actual) (29) (29)    
Ending liability for future policy benefits at original (locked-in) discount rate 282 291    
Effect of changes in discount rate assumptions 6 (12)    
Liability for future policy benefits, end of the period - current discount rate 288 279    
Present value of expected future policy benefits        
Liability for future policy benefits, beginning of the period - current discount rate 1,640 1,566    
Beginning liability for future policy benefits at original (locked-in) discount rate 1,632 1,613    
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     5 9
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate     $ 1,637 $ 1,622
Issuances 0 0    
Interest accrual (using locked-in discount rate) 61 61    
Benefit payments (actual) (55) (53)    
Ending liability for future policy benefits at original (locked-in) discount rate 1,643 1,630    
Effect of changes in discount rate assumptions 12 (146)    
Liability for future policy benefits, end of the period - current discount rate 1,655 1,484    
Net liability for future policy benefits 1,367 1,205    
Less: Reinsurance recoverable 0 0    
Net liability for future policy benefits, net of reinsurance recoverable $ 1,367 $ 1,205