Separate Accounts (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Fair Value of Separate Account Assets


	As of December 31,
	2022		2021
Mutual funds and collective investment trusts	$	142,892	$	181,766
Exchange-traded funds		258		432
Fixed maturity AFS securities		169		207
Cash and invested cash		98		54
Other investments		119		124
Total	$	143,536	$	182,583

Schedule of Reconcilation of Separate Account Liabilities


	As of December 31,
	2022		2021
UL and Other	$	20,920	$	24,785
Variable Annuities		105,573		136,665
Retirement Plan Services		16,996		21,068
Other Operations ⁽¹⁾		47		65
Total separate account liabilities	$	143,536	$	182,583

⁽¹⁾Represents separate account liabilities reported in Other Operations primarily attributable to the indemnity reinsurance agreements with Protective ($42 million and $62 million as of December 31, 2022 and December 31, 2021, respectively) that are excluded from the following tables.

Summary of Balances and changes in Separate Account Liabilities


	As of or For the Year Ended						As of or For the Year Ended
	December 31, 2022						December 31, 2021
					Retirement						Retirement
	UL and		Variable		Plan		UL and		Variable		Plan
	Other		Annuities		Services		Other		Annuities		Services
Balance as of beginning-of-year	$	24,785	$	136,665	$	21,068	$	20,952	$	128,121	$	18,809
Gross deposits		1,900		3,371		2,378		1,786		5,220		2,294
Withdrawals		(454)		(9,238)		(2,378)		(441)		(11,499)		(2,970)
Policyholder assessments		(938)		(2,603)		(164)		(865)		(2,836)		(185)
Change in market performance		(4,371)		(23,194)		(3,710)		3,470		16,990		3,245
Net transfers from (to) general account		(2)		572		(198)		(117)		669		(125)
Balance as of end-of-year	$	20,920	$	105,573	$	16,996	$	24,785	$	136,665	$	21,068

Cash surrender value	$	18,666	$	103,987	$	16,982	$	22,614	$	134,896	$	21,049