XML 47 R34.htm IDEA: XBRL DOCUMENT v3.25.0.1
Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
The following table summarizes the benefit obligations for the SERPs and Agents Non-Qualified Plan as of December 31, 2024 and 2023:
Year Ended December 31,
20242023
Change in benefit obligation:
Benefit obligation, January 1$60 $61 
Interest cost
Benefits paid(5)(5)
Actuarial (gains) losses on obligation(1)
(2)
Benefit obligation, December 31$56 $60 
Schedule of Amounts Recognized in Consolidated Balance Sheets
Amounts recognized on the Consolidated Balance Sheets in Other liabilities and in AOCI were as follows as of December 31, 2024 and 2023:
December 31,
20242023
Accrued benefit cost (1)
$(56)$(60)
Net amount recognized$(56)$(60)
Schedule of Weighted Average Assumptions Used
The discount rate used in the measurement of the December 31, 2024 and 2023 benefit obligation for the SERPs and Agents Non-Qualified Plan, were as follows:
20242023
Discount rate 5.88 %5.28 %
The weighted-average discount rate used in calculating the net pension cost was as follows:
202420232022
Discount rate5.28 %5.47 %3.00 %
Schedule of Net Periodic Benefit Costs
Net Periodic Benefit Costs
 
Net periodic benefit costs for the SERPs and Agents Non-Qualified Plan were as follows for the years ended December 31, 2024, 2023 and 2022:
Year Ended December 31,
202420232022
Interest cost$$$
Net (gain) loss recognition(2)(13)
Net periodic (benefit) cost$$$(11)
Schedule of Expected Benefit Payments
Expected Future Benefit Payments

The following table summarizes the expected benefit payments related to the SERPs and Agents Non-Qualified Plan for the years indicated:
2025$
2026
2027
2028
2029
2030-2034
22 
In 2025, the Company is expected to contribute $6 to the SERPs and Agents Non-Qualified Plan.