Short-Term and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Short-Term and Long-Term Debt [Abstract]



	As of December 31,
	2022		2021
Short-Term Debt
Short-term debt ⁽¹⁾	$	562	$	1,084

Long-Term Debt, Excluding Current Portion
9.76% surplus note, due 2024	$	50	$	50
6.56% surplus note, due 2028		500		500
LIBOR + 111 bps surplus note, due 2028		71		71
LIBOR + 226 bps surplus note, due 2028		568		593
6.03% surplus note, due 2028		750		750
LIBOR + 200 bps surplus note, due 2035		30		30
LIBOR + 155 bps surplus note, due 2037		25		25
4.20% surplus note, due 2037		50		50
LIBOR + 100 bps surplus note, due 2037		154		194
4.225% surplus note, due 2037		28		28
4.00% surplus note, due 2037		30		30
4.50% surplus note, due 2038		13		13
Total long-term debt	$	2,269	$	2,334

⁽¹⁾The short-term debt represents short-term notes payable to LNC.

Future Principal Payments



2023	$	-
2024		50
2025		-
2026		-
2027		-
Thereafter		2,219
Total	$	2,269

Credit facilities and letters of credit



		As of December 31, 2022
	Expiration	Maximum		LOCs
	Date	Available		Issued
Credit Facilities
Five-year revolving credit facility	June 19, 2026	$	2,500	$	1,635
LOC facility⁽¹⁾	August 26, 2031		979		948
LOC facility⁽¹⁾	October 1, 2031		891		891
Total		$	4,370	$	3,474

⁽¹⁾Our wholly-owned subsidiaries entered into irrevocable LOC facility agreements with third-party lenders supporting inter-company reinsurance agreements.