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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Investments:    
Debt Securities, Available-for-sale $ 14,875 $ 13,988
Equity securities, at fair value 65 45
Mortgage loans (net of ACL of $17 and $0, respectively) 2,092 2,241
Policy loans, at outstanding balance 1,452 1,467
Limited partnerships and other alternative investments 999 939
Other investments 24 40
Short-term investments 802 550
Total investments 20,309 19,270
Cash 40 128
Premiums receivable and agents’ balances, net 10 12
Reinsurance recoverables (net of ACL of $7 and $0, respectively) 27,455 28,824
VOBA 586 696
Deferred income taxes, net 478 681
Other intangible assets 40 46
Other assets 345 481
Separate account assets 109,625 104,575
Total assets 158,888 154,713
Liabilities    
Reserve for future policy benefits 18,625 18,465
Other policyholder funds and benefits payable 25,307 27,161
Other liabilities 2,146 1,960
Separate account liabilities 109,625 104,575
Total liabilities 155,703 152,161
Commitments and Contingencies
Common Stock, Shares, Issued 1,000 1,000
Common Stock, Shares Authorized 1,000  
Common Stock, Shares, Outstanding 1,000 1,000
Common Stock, Par or Stated Value Per Share $ 5,690 $ 5,690
Stockholder’s Equity    
Common Stock, Value, Issued $ 6 $ 6
Additional paid-in capital 1,761 1,761
Accumulated other comprehensive income ("AOCI"), net of tax 1,281 717
Retained earnings 137 68
Total stockholder’s equity 3,185 2,552
Total liabilities and stockholder’s equity $ 158,888 $ 154,713