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

12 Months Ended

Dec. 31, 2021

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

Schedule I - Summary of Investments - Other than Investments in Related Parties

SCHEDULE I

SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN RELATED PARTIES

AS OF DECEMBER 31, 2021

	Cost (1)		Fair Value		Carrying Value
	(in millions)
Fixed maturities, AFS:
U.S. government, agencies and authorities	$	13,032	$	15,214	$	15,214
State, municipalities and political subdivisions	527		597		597
Foreign governments	1,124		1,152		1,152
Public utilities	5,965		6,260		6,260
All other corporate bonds	39,613		41,464		41,464
Residential mortgage-backed	82		90		90
Asset-backed	5,904		5,905		5,905
Commercial mortgage-backed	2,348		2,341		2,341
Redeemable preferred stocks	41		53		53
Total fixed maturities, AFS	68,636		73,076		73,076
Mortgage loans on real estate (2)	14,078		14,291		14,016
Policy loans	3,540		4,512		3,540
Other equity investments	2,538		2,759		2,759
Trading securities	340		379		379
Other invested assets	2,910		2,910		2,910
Total Investments	$	92,042	$	97,927	$	96,680

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(1)Cost for fixed maturities represents original cost, reduced by repayments and write-downs and adjusted for amortization of premiums or accretion of discount; cost for equity securities represents original cost reduced by write-downs; cost for other limited partnership interests represents original cost adjusted for equity in earnings and reduced by distributions.

(2)Carrying value for mortgage loans on real estate represents original cost adjusted for amortization of premiums or accretion of discount and reduced by credit loss allowance.