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CONSOLIDATED STATEMENTS OF STOCKHOLDER’S EQUITY - USD ($)
$ in Millions
Total
Common Stock
Retained Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Balance as of beginning-of-year at Dec. 31, 2022   $ 12,903 $ 1,414 $ (5,713)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   5    
Stock compensation/issued for benefit plans   27    
Net income (loss) $ (1,884)   (1,884)  
Dividends paid to Lincoln National Corporation     (260)  
Other comprehensive income (loss), net of tax 3,909     3,909
Balance as of end-of-period at Jun. 30, 2023 10,401 12,935 (730) (1,804)
Balance as of beginning-of-year at Mar. 31, 2023   12,922 381 (3,100)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   0    
Stock compensation/issued for benefit plans   13    
Net income (loss) (956)   (956)  
Dividends paid to Lincoln National Corporation     (155)  
Other comprehensive income (loss), net of tax 1,296     1,296
Balance as of end-of-period at Jun. 30, 2023 10,401 12,935 (730) (1,804)
Balance as of beginning-of-year at Dec. 31, 2023 10,507 12,961 (869) (1,585)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   0    
Stock compensation/issued for benefit plans   30    
Net income (loss) 1,418   1,418  
Dividends paid to Lincoln National Corporation     (1,124)  
Other comprehensive income (loss), net of tax 198     198
Balance as of end-of-period at Jun. 30, 2024 11,029 12,991 (575) (1,387)
Balance as of beginning-of-year at Mar. 31, 2024   12,978 (392) (1,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Capital contribution from Lincoln National Corporation   0    
Stock compensation/issued for benefit plans   13    
Net income (loss) 761   761  
Dividends paid to Lincoln National Corporation     (944)  
Other comprehensive income (loss), net of tax 24     24
Balance as of end-of-period at Jun. 30, 2024 $ 11,029 $ 12,991 $ (575) $ (1,387)