Schedule V - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2023

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

Schedule V - Valuation and Qualifying Accounts

SCHEDULE V

VALUATION AND QUALIFYING ACCOUNTS

($ In millions)

For the Year Ended December 31, 2023 (Successor Company)
2023	Balance January 1,		Charged to Costs and Expenses		Write-offs/Payments/Other		Balance December 31,
Allowance for credit losses ("ACL") on fixed maturities, AFS	$	—	$	17	$	(1)	$	16
ACL on mortgage loans	15		11		—		26
ACL on reinsurance recoverables	21		—		(3)		18
For the Year Ended December 31, 2022 (Successor Company)
2022	Balance January 1,		Charged to Costs and Expenses		Write-offs/Payments/Other		Balance December 31,
Allowance for credit losses ("ACL") on fixed maturities, AFS	$	—	$	1	$	(1)	$	—
ACL on mortgage loans	12		3		—		15
ACL on reinsurance recoverables	35		—		(14)		21
For the Period of July 1, 2021 to December 31, 2021 (Successor Company)
2021	Balance July 1,		Charged to Costs and Expenses		Write-offs/Payments/Other		Balance December 31,
ACL on fixed maturities, AFS	$	—	$	—	$	—	$	—
ACL on mortgage loans	12		—		—		12
ACL on reinsurance recoverables	34		1		—		35

For the Six Months Ended June 30, 2021 (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