Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost of $2,528 and $2,444) (allowance for credit losses of $0 and $0 )	$ 2,435	$ 2,572
Mortgage loans on real estate (net of allowance for credit losses of $0 and $0)	17	17
Policy loans	238	238
Other equity investments	21	23
Trading securities, at fair value	0	0
Other invested assets	27	19
Total investments	2,738	2,869
Cash and cash equivalents	146	127
Deferred policy acquisition costs	729	637
Amounts due from reinsurers (allowance for credit losses of $0 and $0)	1,117	1,136
Current and deferred income taxes	58	15
Other assets	67	57
Separate Accounts assets	3,290	3,394
Total Assets	8,145	8,235
LIABILITIES
Policyholders’ account balances	3,534	3,504
Future policy benefits and other policyholders' liabilities	527	470
Amounts due to reinsurers	112	117
Other liabilities	142	42
Separate Accounts liabilities	3,290	3,394
Total Liabilities	7,605	7,527
Commitments and contingent liabilities (Note 10)
EQUITY
Common stock, $1.00 par value; 2,500,000 shares authorized, issued and outstanding	3	3
Additional paid-in capital	680	679
Accumulated deficit	(79)	(60)
Accumulated other comprehensive income (loss)	(64)	86
Total Equity	540	708
Total Liabilities and Equity	$ 8,145	$ 8,235