VARIABLE LIFE AND ANNUITY CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2021

VARIABLE LIFE AND ANNUITY CONTRACTS

Schedule of Account balances of variable annuity contracts with guarantees were invested in separate account investment

At December 31,
(in millions)		2021		2020*
Equity funds	$	62,241	$	56,762
Bond funds		9,016		8,298
Balanced funds		29,311		27,307
Money market funds		1,005		1,122
Total	$	101,573	$	93,489

Schedule of details concerning entity's GMDB exposures, by benefit type

At December 31,	2021				2020
		Net Deposits				Net Deposits
		Plus a Minimum		Highest Contract		Plus a Minimum		Highest Contract
(dollars in millions)		Return		Value Attained		Return		Value Attained
Account value	$	114,936	$	17,298	$	105,010	$	16,667
Net amount at risk		509		258		490		276
Average attained age of contract holders by product		66		72		65		72
Range of guaranteed minimum return rates		0-4.50%				0-4.50%

Schedule of changes in GMDB liabilities for guarantees on variable contracts reflected in the general account

Years Ended December 31,
(in millions)		2021		2020		2019
Balance, beginning of year	$	421	$	407	$	397
Reserve increase (decrease)		72		41		35
Benefits paid		(35)		(43)		(40)
Changes in reserves related to unrealized appreciation (depreciation) of investments		(13)		16		15
Balance, end of year	$	445	$	421	$	407