Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of allowance for credit loss

The Company’s allowance for credit losses is presented in the following table.

($ in millions)	December 31, 2021		December 31, 2020
Fixed income securities	$	—	$	1
Mortgage loans	27		59
Other investments
Directly originated corporate loans	6		—
Aviation loans	6		—
Bank loans	7		16
Agent loans	—		5
Investments	46		81
Reinsurance recoverables	15		15
Other assets	2		7
Assets	63		103
Commitments to fund loans	—		—
Liabilities	—		—
Total	$	63	$	103

Rollforward of credit loss allowance for fixed income securities for the year ended December 31 is as follows:

($ in millions)	2021		2020
Beginning balance	$	(1)	—
Credit losses on securities for which credit losses not previously reported	—		(3)
Reduction of allowance related to sales	1		2
Write-offs	—		—
Ending balance	$	—	$	(1)

The rollforward of credit loss allowance for bank loans for the years ended December 31 is as follows:

($ in millions)	2021		2020
Beginning balance	$	(16)	$	—
Cumulative effect of change in accounting principle	—		(16)
Net decreases (increases) related to credit losses	6		(4)
Reduction of allowance related to sales	3		3
Write-offs	—		1
Ending balance	$	(7)	$	(16)