XML 24 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $2,444 and $2,197) (allowance for credit losses of $0 and $0 ) $ 2,572 $ 2,445
Mortgage loans on real estate (net of allowance for credit losses of $0 and $0) 17 17
Policy loans 238 229
Other equity investments 23 0
Other invested assets 19 82
Total investments 2,869 2,773
Cash and cash equivalents 127 161
Deferred policy acquisition costs 637 477
Amounts due from reinsurers (allowance for credit losses of $0 and $0) 1,136 1,186
Current and deferred income taxes 15 27
Other assets 57 81
Separate Accounts assets 3,394 2,601
Total Assets 8,235 7,306
LIABILITIES    
Policyholders’ account balances 3,504 3,306
Future policy benefits and other policyholders' liabilities 470 415
Amounts due to reinsurers 117 126
Other liabilities 42 72
Separate Accounts liabilities 3,394 2,601
Total Liabilities 7,527 6,520
Commitments and contingent liabilities (Note 13)
EQUITY    
Common stock, $1.00 par value; 2,500,000 shares authorized, issued and outstanding 3 3
Additional paid-in capital 679 692
Retained earnings (60) (47)
Accumulated other comprehensive income (loss) 86 138
Total Equity 708 786
Total Liabilities and Equity $ 8,235 $ 7,306