v3.24.1.u1
Life and Annuity Benefits (Tables)
 3 Months Ended
Mar. 31, 2024
Liability for Future Policy Benefit, before Reinsurance [Abstract]  
Schedule of Future Policyholder Benefits, Life and Annuity [Table Text Block] The following table presents the components of the Company's liabilities for life and annuity benefits.
(dollars in thousands)March 31, 2024December 31, 2023
Liability for future policyholder benefits$528,249 $557,763 
Deferred profit liability50,483 52,287 
Other38,534 39,004 
Total$617,266 $649,054 
Liability for Future Policy Benefit, Activity [Table Text Block] The following table presents a rollforward of the present value of the liability for future policyholder benefits.
Three Months Ended March 31,
(dollars in thousands)20242023
Liability for future policyholder benefits, beginning of year$557,763 $554,366 
Liability for future policyholder benefits at original discount rate, beginning of year642,877 667,761 
Effect of changes in cash flow assumptions— — 
Effect of actual variances from expected experience— — 
Adjusted liability for future policyholder benefits, beginning of year642,877 667,761 
Interest accretion3,605 3,815 
Benefit payments(13,290)(13,283)
Effect of foreign currency rate changes(11,706)10,396 
Liability for future policyholder benefits at original discount rate, end of period621,486 668,689 
Cumulative effect of changes in discount rate assumptions(93,237)(101,938)
Liability for future policyholder benefits, end of period (1)
$528,249 $566,751 
(1)    The undiscounted liability for future policyholder benefits was $796.8 million and $862.7 million as of March 31, 2024 and 2023, respectively.
Schedule of Additional Details of Liability for Future Policyholder Benefits, Life and Annuity [Table Text Block]
The following table summarizes additional details for the Company's liability for future policyholder benefits.

March 31, 2024December 31, 2023
Weighted-average interest rate:
Interest accretion rate2.3 %2.3 %
Current discount rate4.1 %3.8 %
Weighted-average liability duration8.4 years8.6 years