Transactions With Affiliates	12 Months Ended
Dec. 31, 2021
Transactions With Affiliates [Abstract]
Transactions With Affiliates	23. Transactions with Affiliates The following summarizes transactions with affiliates (in millions) and the associated line item on our Consolidated Balance Sheets: As of December 31, 2021 2020 Assets with affiliates: Inter-company notes $ 1,474 $ 1,514 Fixed maturity AFS securitiesCeded reinsurance contracts (150) (141) Deferred acquisition costs and value of business acquiredAccrued inter-company interest receivable 11 4 Accrued investment incomeCeded reinsurance contracts 2,867 2,701 Reinsurance recoverables, net of allowance for credit lossesCeded reinsurance contracts 529 221 Other assetsCash management agreement 3,854 2,568 Other assetsService agreement receivable 64 34 Other assets Liabilities with affiliates: Assumed reinsurance contracts 21 26 Future contract benefitsAssumed reinsurance contracts 364 387 Other contract holder fundsCeded reinsurance contracts (37) (34) Other contract holder fundsInter-company short-term debt 1,084 497 Short-term debtInter-company long-term debt 2,334 2,412 Long-term debtCeded reinsurance contracts 368 145 Reinsurance related embedded derivativesCeded reinsurance contracts 4,971 5,233 Funds withheld reinsurance liabilitiesCeded reinsurance contracts 2,124 (287) Other liabilitiesAccrued inter-company interest payable 4 4 Other liabilitiesService agreement payable 35 28 Other liabilities The following summarizes transactions with affiliates (in millions) and the associated line item on our Consolidated Statements of Comprehensive Income (Loss): For the Years Ended December 31, 2021 2020 2019 Revenues with affiliates: Premiums received on assumed (paid on ceded) reinsurance contracts $ (463)$ (439)$ (407) Insurance premiumsFees for management of general account (138) (140) (133) Net investment incomeNet investment income on ceded funds withheld treaties (113) (119) (139) Net investment incomeNet investment income on inter-company notes 29 40 53 Net investment incomeRealized gains (losses) on ceded reinsurance contracts: GLB reserves embedded derivatives (1,301) (30) (305) Realized gain (loss)Other gains (losses) 94 (175) (301) Realized gain (loss)Reinsurance related settlements 1,626 193 472 Realized gain (loss)Amortization of deferred gain (loss) on reinsurance contracts 3 3 (4) Amortization of deferred gain on business sold through reinsuranceBenefits and expenses with affiliates: Interest credited on assumed reinsurance contracts 48 45 60 Interest creditedReinsurance (recoveries) benefits on ceded reinsurance (443) (585) (254) BenefitsCeded reinsurance contracts - (1) (19) Commissions and other expensesService agreement payments (receipts) (29) (17) 15 Commissions and other expensesInterest expense on inter-company debt 107 116 130 Interest and debt expense Inter-Company Notes LNC issues inter-company notes to us for a predetermined face value to be repaid by LNC at a predetermined maturity with a specified interest rate. Cash Management Agreement In order to manage our capital more efficiently, we participate in an inter-company cash management program where LNC can lend to or borrow from us to meet short-term borrowing needs. The cash management program is essentially a series of demand loans, which are permitted under applicable insurance laws, among LNC and its affiliates that reduces overall borrowing costs by allowing LNC and its subsidiaries to access internal resources instead of incurring third-party transaction costs. The borrowing and lending limit is currently 3% of our admitted assets as of December 31, 2021. Service Agreements In accordance with service agreements with LNC and other subsidiaries of LNC for personnel and facilities usage, general management services and investment management services, we receive services from and provide services to affiliated companies and receive an allocation of corporate overhead. Corporate overhead expenses are allocated based on specific methodologies for each function. The majority of the expenses are allocated based on the following methodologies: headcount, capital, investments by product, account values, weighted policies in force and sales. Ceded Reinsurance Contracts As discussed in Note 8, we cede insurance contracts to LNBAR. We cede certain guaranteed benefit risks (including certain GDB and GWB benefits) to LNBAR. As discussed in Note 5, we cede the GLB reserves embedded derivatives and the related hedge results to LNBAR. Substantially all reinsurance ceded to affiliated companies is with unauthorized companies. To take reserve credit for such reinsurance, we hold assets from the reinsurer, including funds held under reinsurance treaties, and are the beneficiary of LOCs aggregating to $1 million as of December 31, 2021 and 2020. The LOCs are obtained by the affiliate reinsurer and issued by banks in order for the Company to recognize the reserve credit.

Transactions With Affiliates

12 Months Ended

Dec. 31, 2021

Transactions With Affiliates [Abstract]

23. Transactions with Affiliates The following summarizes transactions with affiliates (in millions) and the associated line item on our Consolidated Balance Sheets: As of December 31, 2021 2020 Assets with affiliates: Inter-company notes $ 1,474 $ 1,514 Fixed maturity AFS securitiesCeded reinsurance contracts (150) (141) Deferred acquisition costs and value of business acquiredAccrued inter-company interest receivable 11 4 Accrued investment incomeCeded reinsurance contracts 2,867 2,701 Reinsurance recoverables, net of allowance for credit lossesCeded reinsurance contracts 529 221 Other assetsCash management agreement 3,854 2,568 Other assetsService agreement receivable 64 34 Other assets Liabilities with affiliates: Assumed reinsurance contracts 21 26 Future contract benefitsAssumed reinsurance contracts 364 387 Other contract holder fundsCeded reinsurance contracts (37) (34) Other contract holder fundsInter-company short-term debt 1,084 497 Short-term debtInter-company long-term debt 2,334 2,412 Long-term debtCeded reinsurance contracts 368 145 Reinsurance related embedded derivativesCeded reinsurance contracts 4,971 5,233 Funds withheld reinsurance liabilitiesCeded reinsurance contracts 2,124 (287) Other liabilitiesAccrued inter-company interest payable 4 4 Other liabilitiesService agreement payable 35 28 Other liabilities The following summarizes transactions with affiliates (in millions) and the associated line item on our Consolidated Statements of Comprehensive Income (Loss): For the Years Ended December 31, 2021 2020 2019 Revenues with affiliates: Premiums received on assumed (paid on ceded) reinsurance contracts $ (463)$ (439)$ (407) Insurance premiumsFees for management of general account (138) (140) (133) Net investment incomeNet investment income on ceded funds withheld treaties (113) (119) (139) Net investment incomeNet investment income on inter-company notes 29 40 53 Net investment incomeRealized gains (losses) on ceded reinsurance contracts: GLB reserves embedded derivatives (1,301) (30) (305) Realized gain (loss)Other gains (losses) 94 (175) (301) Realized gain (loss)Reinsurance related settlements 1,626 193 472 Realized gain (loss)Amortization of deferred gain (loss) on reinsurance contracts 3 3 (4) Amortization of deferred gain on business sold through reinsuranceBenefits and expenses with affiliates: Interest credited on assumed reinsurance contracts 48 45 60 Interest creditedReinsurance (recoveries) benefits on ceded reinsurance (443) (585) (254) BenefitsCeded reinsurance contracts - (1) (19) Commissions and other expensesService agreement payments (receipts) (29) (17) 15 Commissions and other expensesInterest expense on inter-company debt 107 116 130 Interest and debt expense Inter-Company Notes LNC issues inter-company notes to us for a predetermined face value to be repaid by LNC at a predetermined maturity with a specified interest rate. Cash Management Agreement In order to manage our capital more efficiently, we participate in an inter-company cash management program where LNC can lend to or borrow from us to meet short-term borrowing needs. The cash management program is essentially a series of demand loans, which are permitted under applicable insurance laws, among LNC and its affiliates that reduces overall borrowing costs by allowing LNC and its subsidiaries to access internal resources instead of incurring third-party transaction costs. The borrowing and lending limit is currently 3% of our admitted assets as of December 31, 2021. Service Agreements In accordance with service agreements with LNC and other subsidiaries of LNC for personnel and facilities usage, general management services and investment management services, we receive services from and provide services to affiliated companies and receive an allocation of corporate overhead. Corporate overhead expenses are allocated based on specific methodologies for each function. The majority of the expenses are allocated based on the following methodologies: headcount, capital, investments by product, account values, weighted policies in force and sales. Ceded Reinsurance Contracts As discussed in Note 8, we cede insurance contracts to LNBAR. We cede certain guaranteed benefit risks (including certain GDB and GWB benefits) to LNBAR. As discussed in Note 5, we cede the GLB reserves embedded derivatives and the related hedge results to LNBAR. Substantially all reinsurance ceded to affiliated companies is with unauthorized companies. To take reserve credit for such reinsurance, we hold assets from the reinsurer, including funds held under reinsurance treaties, and are the beneficiary of LOCs aggregating to $1 million as of December 31, 2021 and 2020. The LOCs are obtained by the affiliate reinsurer and issued by banks in order for the Company to recognize the reserve credit.