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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]        
Net income $ 280 $ 186 $ 617 $ 399
Other comprehensive income (loss) ("OCI"):        
Change in net unrealized gain or loss on fixed maturities, AFS (10) (275) (2,129) 565
Change in net gain or loss on cash flow hedging instruments 0 1 (27) (1)
OCI, net of tax (10) (274) (2,156) 564
Comprehensive income (loss) $ 270 $ (88) $ (1,539) $ 963