Schedule V - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule V - Valuation and Qualifying Accounts

SCHEDULE V

VALUATION AND QUALIFYING ACCOUNTS

(In millions)

Successor Company
2021	Balance July 1,		Charged to Costs and Expenses		Write-offs/Payments/Other		Balance December 31,
Allowance for credit losses ("ACL") on fixed maturities, AFS	$	—	$	—	$	—	$	—
ACL on mortgage loans	12		—		—		12
ACL on reinsurance recoverables	34		3		—		37
Predecessor Company
2021	Balance January 1,		Charged to Costs and Expenses		Write-offs/Payments/Other		Balance June 30,
ACL on fixed maturities, AFS	1		—		—		1
ACL on mortgage loans	17		(6)		—		11
ACL on reinsurance recoverables	7		—		—		7
2020	Balance January 1,		Charged to Costs and Expenses		Write-offs/Payments/Other		Balance December 31,
ACL on fixed maturities, AFS	—		1		—		1
ACL on mortgage loans	9		8		—		17
ACL on reinsurance recoverables	5		2		—		7
2019	Balance January 1,		Charged to Costs and Expenses		Write-offs/Payments/Other		Balance December 31,
Valuation allowance on mortgage loans	$	5	$	—	$	(5)	$	—