Changes in and Reclassifications From Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in and Reclassifications From Accumulated Other Comprehensive Income

Changes in and Reclassifications From Accumulated Other Comprehensive Income

Changes in AOCI, Net of Tax for the Period of July 1, 2021 to December 31, 2021 (Successor Company)
	Changes in
	Net Unrealized Gain on Fixed Maturities		Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		AOCI, net of tax
Beginning balance	$	—	$	—	$	—	$	—	$	—
OCI before reclassifications	(12)		—		—		—		(12)
Amounts reclassified from AOCI	2		—		—		—		2
OCI, net of tax	(10)		—		—		—		(10)
Ending balance	$	(10)	$	—	$	—	$	—	$	(10)

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2021 (Predecessor Company)
	Changes in
	Net Unrealized Gain on Fixed Maturities		Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		AOCI, net of tax
Beginning balance	$	1,282	$	—	$	(1)	$	—	$	1,281
OCI before reclassifications	(238)		—		—		—		(238)
Amounts reclassified from AOCI	(37)		—		1		—		(36)
OCI, net of tax	(275)		—		1		—		(274)
Ending balance	$	1,007	$	—	$	—	$	—	$	1,007

Changes in AOCI, Net of Tax for the Year Ended December 31, 2020 (Predecessor Company)
	Changes in
	Net Unrealized Gain on Fixed Maturities		Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		AOCI, net of tax
Beginning balance	$	717	$	—	$	—	$	—	$	717
OCI before reclassifications	665		(1)		(1)		—		663
Amounts reclassified from AOCI	(100)		1		—		—		(99)
OCI, net of tax	565		—		(1)		—		564
Ending balance	$	1,282	$	—	$	(1)	$	—	$	1,281

Changes in AOCI, Net of Tax for the Year Ended December 31, 2019 (Predecessor Company)
	Changes in
	Net Unrealized Gain on Fixed Maturities		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		AOCI, net of tax
Beginning balance	$	(173)	$	—	$	2	$	(171)
OCI before reclassifications	927		—		(2)		925
Amounts reclassified from AOCI	(37)		—		—		(37)
OCI, net of tax	890		—		(2)		888
Ending balance	$	717	$	—	$	—	$	717

Reclassification from AOCI
	Successor Company		Predecessor Company
	For the Period of July 1, 2021 to December 31, 2021		For the Six Months Ended June 30, 2021		For the Years Ended December 31,				Affected Line Item on the Consolidated Statements of Operations
					2020		2019
Net Unrealized Gain on Fixed Maturities
Available-for-sale securities	$	(2)	$	47	$	127	$	47	Net realized capital losses
	(2)		47		127		47		Income before income taxes
	—		10		27		10		Income tax expense
	$	(2)	$	37	$	100	$	37	Net income
Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded
Fixed maturities, AFS	$	—	$	—	$	(1)			Net realized capital losses
	—		—		(1)				Income before income taxes
	—		—		—				Income tax expense
	$	—	$	—	$	(1)			Net income
Net Gains on Cash-Flow Hedging Instruments
Interest rate swaps	$	—	$	—	$	—	$	—	Net realized capital losses
Interest rate swaps	—		—		—		—		Net investment income
Foreign currency swaps	—		(1)		—		—		Net realized capital losses
	—		(1)		—		—		Income before income taxes
	—		—		—		—		Income tax expense
	$	—	$	(1)	$	—	$	—	Net income
Total amounts reclassified from AOCI	$	(2)	$	36	$	99	$	37	Net income