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

12 Months Ended

Dec. 31, 2022

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, 2022

	Cost (1)		Fair Value		Carrying Value
	(in millions)
Fixed maturities, AFS:
U.S. government, agencies and authorities	$	7,049	$	5,738	$	5,738
State, municipalities and political subdivisions	540		471		471
Foreign governments	985		836		836
Public utilities	6,283		5,303		5,303
All other corporate bonds	39,770		34,160		34,160
Residential mortgage-backed	860		777		777
Asset-backed	8,817		8,449		8,449
Commercial mortgage-backed	3,742		3,170		3,170
Redeemable preferred stocks	41		43		43
Total fixed maturities, AFS	68,087		58,947		58,947
Mortgage loans on real estate (2)	16,593		14,675		16,464
Policy loans	3,563		3,850		3,563
Other equity investments	2,860		2,942		2,942
Trading securities	279		283		283
Other invested assets	2,835		2,835		2,835
Total Investments	$	94,217	$	83,532	$	85,034

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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.