Reinsurance (Tables)

12 Months Ended

Dec. 31, 2021

Insurance [Abstract]

Effects of Reinsurance

The following table presents the impact on the Consolidated Balance Sheets from the Company's assumed reinsurance:

As of December 31, 2021 (Successor Company)
Assets
Investments	$	8,357
Cash	17
Other assets	75
Reinsurance recoverables	244
Total assets	$	8,693
Liabilities
Reserve for future policy benefits	$	616
Other policyholder funds and benefits payable	7,340
Other liabilities	27
Total liabilities	$	7,983

The following table presents the impact on the Consolidated Balance Sheets from the Company's affiliated reinsurance arrangement:

As of December 31, 2021 (Successor Company)
Assets
Reinsurance recoverables	$	6,130
Total assets	6,130
Liabilities
Funds withheld liability	5,128
Other liabilities	818
Total liabilities	$	5,946

Reinsurance Recoverable

Reinsurance Recoverables, net
	Successor Company		Predecessor Company
	As of December 31, 2021		As of December 31, 2020
Reserve for future policy benefits and other policyholder funds and benefits payable
Sold businesses (MassMutual and Prudential)	$	19,850	$	18,807
Commonwealth Annuity and Life Insurance Company ("Commonwealth")	8,718		7,579
TR Re	6,130		—
Other reinsurers	1,187		1,076
Gross reinsurance recoverables	35,885		27,462
Less: ACL	37		7
Reinsurance recoverables, net	$	35,848	$	27,455

Life Insurance Fees Earned Premiums and Other

Insurance Revenues
	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,
					2020		2019
Gross earned premium, fee income and other	$	1,173	$	1,210	$	2,221	$	2,375
Reinsurance assumed	69		64		125		115
Reinsurance ceded	(801)		(812)		(1,570)		(1,627)
Net earned premium, fee income and other	$	441	$	462	$	776	$	863