Schedule I - Summary of Investments - Other Than Investments in Affiliates

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]

Summary of Investments - Other Than Investments in Affiliates

SCHEDULE I

SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN AFFILIATES

($ in millions)

	Successor Company
	As of December 31, 2022
Type of Investment	Cost		Fair Value		Amount at Which Shown on Balance Sheet
Fixed Maturities
Bonds and notes:
U.S. government and government agencies and authorities (guaranteed and sponsored)	$	1,395	$	1,070	$	1,070
States, municipalities and political subdivisions	1,320		1,040		1,040
Foreign governments	379		315		315
Public utilities	1,776		1,423		1,423
All other corporate bonds	10,769		8,818		8,818
All other mortgage-backed and asset-backed securities	3,050		2,717		2,717
Total fixed maturities, available-for-sale	18,689		15,383		15,383
Fixed maturities, at fair value using fair value option	352		331		331
Total fixed maturities	19,041		15,714		15,714
Equity Securities
Common stocks:
Industrial, miscellaneous and all other	14		14		14
Non-redeemable preferred stocks	191		165		165
Total equity securities, at fair value	205		179		179
Mortgage loans [1]	2,535		2,232		2,520
Policy loans	1,495		1,495		1,495
Futures, options and miscellaneous	384		85		85
Real estate acquired in satisfaction of debt	10		10		10
Short-term investments	1,489		1,489		1,489
Investments in partnerships and trusts	1,300				1,300
Total investments	$	26,459			$	22,792

[1] Cost of mortgage loans excludes the allowance for credit losses ("ACL") of $15. For further information, refer to Schedule V - Valuation and Qualifying Accounts.