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Other Insurance Liabilities and Separate Accounts (Tables)
 3 Months Ended
Mar. 31, 2025
Insurance [Abstract]  
Schedule of Changes in Liability for Future Policy Benefits
The following tables show the components of the change in the liability for future policy benefits, which is included in other insurance liabilities and other long-term insurance liabilities on the unaudited condensed consolidated balance sheets, during the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31, 2025
In millionsLarge Case
Pensions		Long-Term
Care
Present value of expected net premiums (1)
Liability for future policy benefits, beginning of the period - current discount rate$275 
Beginning liability for future policy benefits at original (locked-in) discount rate$280 
Effect of changes in cash flow assumptions— 
Effect of actual variances from expected experience1 
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate281 
Interest accrual (using locked-in discount rate)3 
Net premiums (actual)(10)
Ending liability for future policy benefits at original (locked-in) discount rate274 
Effect of changes in discount rate assumptions(2)
Liability for future policy benefits, end of the period - current discount rate$272 
Present value of expected future policy benefits
Liability for future policy benefits, beginning of the period - current discount rate$1,917 $1,552 
Beginning liability for future policy benefits at original (locked-in) discount rate$2,090 $1,647 
Effect of changes in cash flow assumptions— — 
Effect of actual variances from expected experience(4)(2)
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate2,086 1,645 
Issuances9 — 
Interest accrual (using locked-in discount rate)21 20 
Benefit payments (actual)(61)(19)
Ending liability for future policy benefits at original (locked-in) discount rate2,055 1,646 
Effect of changes in discount rate assumptions(151)(77)
Liability for future policy benefits, end of the period - current discount rate$1,904 $1,569 
Net liability for future policy benefits$1,904 $1,297 
Less: Reinsurance recoverable— — 
Net liability for future policy benefits, net of reinsurance recoverable$1,904 $1,297 
_____________________________________________
(1)The present value of expected net premiums is equivalent to the present value of expected gross premiums for the long-term care insurance contracts as net premiums are set equal to gross premiums.
Three Months Ended
March 31, 2024
In millionsLarge Case
Pensions		Long-Term
Care
Present value of expected net premiums (1)
Liability for future policy benefits, beginning of the period - current discount rate$293 
Beginning liability for future policy benefits at original (locked-in) discount rate$288 
Effect of changes in cash flow assumptions— 
Effect of actual variances from expected experience5 
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate293 
Interest accrual (using locked-in discount rate)4 
Net premiums (actual)(10)
Ending liability for future policy benefits at original (locked-in) discount rate287 
Effect of changes in discount rate assumptions(2)
Liability for future policy benefits, end of the period - current discount rate$285 
Present value of expected future policy benefits
Liability for future policy benefits, beginning of the period - current discount rate$2,139 $1,640 
Beginning liability for future policy benefits at original (locked-in) discount rate$2,251 $1,632 
Effect of changes in cash flow assumptions— — 
Effect of actual variances from expected experience(8)— 
Adjusted beginning liability for future policy benefits - original (locked-in) discount rate2,243 1,632 
Issuances20 — 
Interest accrual (using locked-in discount rate)24 21 
Benefit payments (actual)(63)(18)
Ending liability for future policy benefits at original (locked-in) discount rate2,224 1,635 
Effect of changes in discount rate assumptions(151)(41)
Liability for future policy benefits, end of the period - current discount rate$2,073 $1,594 
Net liability for future policy benefits$2,073 $1,309 
Less: Reinsurance recoverable— — 
Net liability for future policy benefits, net of reinsurance recoverable$2,073 $1,309 
_____________________________________________
(1)The present value of expected net premiums is equivalent to the present value of expected gross premiums for the long-term care insurance contracts as net premiums are set equal to gross premiums.
The amount of undiscounted expected gross premiums and expected future benefit payments for long-duration insurance liabilities as of March 31, 2025 and 2024 were as follows:
In millionsMarch 31,
2025		March 31,
2024
Large case pensions
Expected future benefit payments$2,973$3,213
Expected gross premiums——
Long-term care
Expected future benefit payments$3,170$3,215
Expected gross premiums390411

The weighted-average interest rate used in the measurement of the long-duration insurance liabilities as of March 31, 2025 and 2024 were as follows:
March 31,
2025		March 31,
2024
Large case pensions
Interest accretion rate4.20%4.20%
Current discount rate5.31%5.22%
Long-term care
Interest accretion rate5.11%5.11%
Current discount rate5.60%5.36%

The weighted-average durations (in years) of the long-duration insurance liabilities as of March 31, 2025 and 2024 were as follows:
March 31,
2025		March 31,
2024
Large case pensions7.37.3
Long-term care11.612.0
Summary of Separate Account Assets Separate Accounts financial assets as of March 31, 2025 and December 31, 2024 were as follows:
 March 31, 2025December 31, 2024
In millionsLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash and cash equivalents$2 $158 $— $160 $1 $164 $— $165 
Debt securities20 375 1 396 186 669 1 856 
Common/collective trusts— 1,343 — 1,343 — 2,478 — 2,478 
Total (1)
$22 $1,876 $1 $1,899 $187 $3,311 $1 $3,499 
_____________________________________________
(1)Excludes $25 million of other receivables and $188 million of other payables at March 31, 2025 and December 31, 2024, respectively.
The following table shows the fair value of assets, by major investment category, supporting Separate Accounts as of March 31, 2025 and December 31, 2024:
In millionsMarch 31,
2025		December 31,
2024
Cash and cash equivalents$160 $165 
Debt securities:
U.S. government securities26 186 
States, municipalities and political subdivisions12 14 
U.S. corporate securities293 524 
Foreign securities48 51 
Residential mortgage-backed securities9 71 
Commercial mortgage-backed securities3 3 
Other asset-backed securities5 7 
Total debt securities396 856 
Common/collective trusts1,343 2,478 
Total (1)
$1,899 $3,499 
_____________________________________________
(1)Excludes $25 million of other receivables and $188 million of other payables at March 31, 2025 and December 31, 2024, respectively.
Roll Forward of Separate Accounts
The following table shows the components of the change in Separate Accounts liabilities during the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31,
In millions20252024
Separate Accounts liability, beginning of the period$3,311 $3,250 
Premiums and deposits236 201 
Surrenders and withdrawals(1,309)(93)
Benefit payments(243)(223)
Investment earnings(61)128 
Net transfers from general account3 2 
Other(13)6 
Separate Accounts liability, end of the period$1,924 $3,271 
Cash surrender value, end of the period$844 $2,201