SCHEDULE I - CONSOLIDATED SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]

CONSOLIDATED SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES

CONSOLIDATED SUMMARY OF INVESTMENTS – OTHER THAN

INVESTMENTS IN RELATED PARTIES

(in millions)

Column A	Column B		Column C		Column D
	As of December 31, 2023
	Cost or		Fair		Carrying
Type of Investment	Amortized Cost		Value		Value
Fixed Maturity Available-For-Sale Securities (1)
Bonds:
U.S. government bonds	$	414	$	393	$	393
Foreign government bonds	309		278		278
State and municipal bonds	2,675		2,542		2,542
Public utilities	11,010		9,982		9,982
All other corporate bonds	57,801		53,884		53,884
Mortgage-backed and asset-backed securities	15,795		14,989		14,989
Hybrid and redeemable preferred securities	227		232		232
Total fixed maturity available-for-sale securities	88,231		82,300		82,300
Equity Securities
Common stocks:
Banks, trusts and insurance companies	29		32		32
Industrial, miscellaneous and all other	41		38		38
Non-redeemable preferred securities	270		236		236
Total equity securities	340		306		306
Trading Securities	2,480		2,321		2,321
Mortgage loans on real estate (2)	19,024		17,330		18,873
Policy loans	2,463		N/A		2,463
Derivative investments	2,714		6,305		6,305
Other investments	4,757		4,757		4,757
Total investments	$	120,009			$	117,325

(1) For investments deemed to have declines in value that are impairment-related, an allowance for credit losses is recorded to reduce the carrying value to their estimated realizable value.

(2) Mortgage loans on real estate are generally carried at unpaid principal balances adjusted for amortization of premiums and accretion of discounts and are net of allowance for credit losses. We carry certain mortgage loans at fair value where the fair value option has been elected.