XML 78 R67.htm IDEA: XBRL DOCUMENT v3.25.1
Policyholders' account balances (Policyholder Account Balance Rollforward) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Policyholder Account Balance [Line Items]        
Balance – beginning of period $ 6,748 $ 6,789    
Policyholder Account Balance, Premium Received 248 334    
Policyholder Account Balance, Policy Charge [1] (31) (36)    
Policyholder Account Balance, Surrender and Withdrawal (89) (119)    
Policyholder Account Balance, Benefit Payment [2] (87) (116)    
Policyholder Account Balance, Interest Expense 38 43    
Policyholder Account Balance, Increase (Decrease) from Other Change 17 (15)    
Balance – end of period 6,844 6,880    
Unearned Revenue Liability 719 680 $ 711 $ 673
Policyholder Account Balance, Other Reconciling Items [3] 566      
Policyholder Account Balance, Ending Balance 8,129 7,560    
Universal Life        
Policyholder Account Balance [Line Items]        
Balance – beginning of period 1,809 1,876    
Policyholder Account Balance, Premium Received 53 72    
Policyholder Account Balance, Policy Charge [1] (29) (34)    
Policyholder Account Balance, Surrender and Withdrawal (29) (32)    
Policyholder Account Balance, Benefit Payment [2] (17) (54)    
Policyholder Account Balance, Interest Expense 12 13    
Policyholder Account Balance, Increase (Decrease) from Other Change 13 (1)    
Balance – end of period 1,812 1,840    
Policyholder Account Balance, Ending Balance $ 1,812 $ 1,840    
Policyholder Account Balance, Weighted Average Crediting Rate [4] 2.70% 2.90%    
Policyholder Account Balance, Net Amount at Risk [5] $ 12,079 $ 12,014    
Policyholder Account Balance, Cash Surrender Value 1,659 1,623    
Annuities [Member]        
Policyholder Account Balance [Line Items]        
Balance – beginning of period [6] 2,585 2,411    
Policyholder Account Balance, Premium Received [6] 101 131    
Policyholder Account Balance, Policy Charge [1],[6] 0 0    
Policyholder Account Balance, Surrender and Withdrawal [6] (9) (10)    
Policyholder Account Balance, Benefit Payment [2],[6] (48) (59)    
Policyholder Account Balance, Interest Expense [6] 10 16    
Policyholder Account Balance, Increase (Decrease) from Other Change [6] 5 (5)    
Balance – end of period [6] 2,644 2,484    
Policyholder Account Balance, Ending Balance $ 2,644 $ 2,484    
Policyholder Account Balance, Weighted Average Crediting Rate [4] 1.60% 2.60%    
Policyholder Account Balance, Net Amount at Risk [5] $ 0 $ 0    
Policyholder Account Balance, Cash Surrender Value 1,728 1,605    
Insurance, Other        
Policyholder Account Balance [Line Items]        
Balance – beginning of period [7] 2,354 2,502    
Policyholder Account Balance, Premium Received [7] 94 131    
Policyholder Account Balance, Policy Charge [1],[7] (2) (2)    
Policyholder Account Balance, Surrender and Withdrawal [7] (51) (77)    
Policyholder Account Balance, Benefit Payment [2],[7] (22) (3)    
Policyholder Account Balance, Interest Expense [7] 16 14    
Policyholder Account Balance, Increase (Decrease) from Other Change [7] (1) (9)    
Balance – end of period [7] 2,388 2,556    
Policyholder Account Balance, Ending Balance $ 2,388 $ 2,556    
Policyholder Account Balance, Weighted Average Crediting Rate [4] 2.70% 2.50%    
Policyholder Account Balance, Net Amount at Risk [5] $ 407 $ 499    
Policyholder Account Balance, Cash Surrender Value $ 2,095 $ 2,239    
[1] Contracts included in the policyholder account balances are generally charged a premium and/or monthly assessments on the basis of the account balance.
[2] Includes benefit payments upon maturity as well as death benefits.
[3] Primarily comprises unpaid dividends on certain participating policies.
[4] Calculated using actual interest credited for the three months ended March 31, 2025 and 2024, respectively.
[5] For those guarantees of benefits that are payable in the event of death, the net amount at risk is defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date.
[6] Relates to Huatai Life.
[7] Primarily comprises policyholder account balances related to investment linked products including endowment and investment contracts, none of which bear significant insurance risk.