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Schedule IV - Schedule of Reinsurance Level 1 (Notes)
12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Text Block]
 
Successor Company
 
As of December 31, 2019
Type of Investment
Cost
Fair Value
Amount at Which Shown on Balance Sheet
Fixed Maturities
 
 
 
Bonds and notes
 
 
 
U.S. government and government agencies and authorities (guaranteed and sponsored)
$
1,494

$
1,602

$
1,602

States, municipalities and political subdivisions
705

761

761

Foreign governments
382

409

409

Public utilities
1,370

1,472

1,472

All other corporate bonds
6,033

6,649

6,649

All other mortgage-backed and asset-backed securities
3,036

3,095

3,095

Total fixed maturities, available-for-sale
13,020

13,988

13,988

Fixed maturities, at fair value using fair value option
6

6

6

Total fixed maturities
13,026

13,994

13,994

Equity Securities
 
 
 
Common stocks
 
 
 
Industrial, miscellaneous and all other
31

31

31

Non-redeemable preferred stocks
14

14

14

Total equity securities, at fair value
45

45

45

Mortgage loans
2,241

2,331

2,241

Policy loans
1,467

1,467

1,467

Futures, options and miscellaneous
369

20

20

Real estate acquired in satisfaction of debt
14

14

14

Short-term investments
550

550

550

Investments in partnerships and trusts
939

 
939

Total investments
$
18,651



$
19,270

 
Gross Amount
Ceded to Other Companies
Assumed From Other Companies
Net Amount
Percentage of Amount Assumed to Net
For the Year Ended December 31, 2019 (Successor Company)
Life insurance in force
$
249,728

$
181,779

$
378

$
68,327

1
%
Insurance revenues
 
 
 
 
 
Life insurance and annuities
$
2,350

$
1,602

$
115

$
863

13
%
Accident and health insurance
25

25



%
Total insurance revenues
$
2,375

$
1,627

$
115

$
863

13
%
For the Period of June 1, 2018 to December 31, 2018 (Successor Company)
Life insurance in force
$
259,930

$
191,858

$
487

$
68,559

1
%
Insurance revenues
 
 
 
 
 
Life insurance and annuities
$
1,404

$
937

$
66

$
533

12
%
Accident and health insurance
35

35



%
Total insurance revenues
$
1,439

$
972

$
66

$
533

12
%
For the Period of January 1, 2018 to May 31, 2018 (Predecessor Company)
Life insurance in force
$
266,190

$
197,736

$
515

$
68,969

1
%
Insurance revenues
 
 
 
 
 
Life insurance and annuities
$
1,033

$
658

$
48

$
423

11
%
Accident and health insurance
26

26



%
Total insurance revenues
$
1,059

$
684

$
48

$
423

11
%
For the Year Ended December 31, 2017 (Predecessor Company)
Life insurance in force
$
271,213

$
202,003

$
526

$
69,736

1
%
Insurance revenues
 
 
 
 
 
Life insurance and annuities
$
2,361

$
1,466

$
116

$
1,011

11
%
Accident and health insurance
73

73



%
Total insurance revenues
$
2,434

$
1,539

$
116

$
1,011

11
%