Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill
As of December 31, 2021 (Successor Company)
	Carrying Value
Balance, beginning of period	$	—
Acquisitions [1]	97
Accumulated impairments	—
Balance, end of period	$	97

[1]    Related to the pushdown of purchase accounting related to the Sixth Street Acquisition on July 1, 2021. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.

Schedule of Indefinite-Lived Intangible Assets

Other Intangible Assets
	Amortizing Intangible Assets [1]		Indefinite Lived Intangible Assets [2]		Total Other Intangible Assets
Predecessor Company
Gross carrying value, as of December 31, 2020	$	29	$	26	$	55
Accumulated amortization through June 30, 2021	18		—		18
Net carrying value, as of June 30, 2021	$	11	$	26	$	37
Weighted average expected life in years	5				5
Successor Company
Gross carrying value, as of July 1, 2021	$	29	$	26	$	55
Additions [3]	30		—		30
Accumulated amortization through December 31, 2021	21		—		21
Net carrying value, as of December 31, 2021	$	38	$	26	$	64
Weighted average expected life in years	7				7

[1]    Consists of internally developed software.

[2]    Consists of state insurance licenses.

[3]    Related to the election of pushdown accounting due to the Sixth Street Acquisition. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.

Schedule of Finite-Lived Intangible Assets

Other Intangible Assets
	Amortizing Intangible Assets [1]		Indefinite Lived Intangible Assets [2]		Total Other Intangible Assets
Predecessor Company
Gross carrying value, as of December 31, 2020	$	29	$	26	$	55
Accumulated amortization through June 30, 2021	18		—		18
Net carrying value, as of June 30, 2021	$	11	$	26	$	37
Weighted average expected life in years	5				5
Successor Company
Gross carrying value, as of July 1, 2021	$	29	$	26	$	55
Additions [3]	30		—		30
Accumulated amortization through December 31, 2021	21		—		21
Net carrying value, as of December 31, 2021	$	38	$	26	$	64
Weighted average expected life in years	7				7

[1]    Consists of internally developed software.

[2]    Consists of state insurance licenses.

[3]    Related to the election of pushdown accounting due to the Sixth Street Acquisition. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

There have been no renewals or extensions since December 31, 2020 (Predecessor Company).

Expected Pre-tax Amortization Expense (Successor Company)
Years	Expected Future Amortization Expense
2022	$	6
2023	$	6
2024	$	6
2025	$	6
2026	$	6