Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
REVENUES
Policy charges and fee income	$ 69	$ 66
Premiums	49	38
Net derivative gains (losses)	(3)	0
Net investment income (loss)	20	24
Investment gains (losses), net	(1)	0
Investment management and service fees	5	1
Other income	0	1
Total revenues	139	130
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	75	55
Interest credited to policyholders’ account balances	19	15
Compensation and benefits	11	10
Commissions	16	17
Amortization of deferred policy acquisition costs	19	12
Other operating costs and expenses	21	20
Total benefits and other deductions	161	129
Income (loss) from continuing operations, before income taxes	(22)	1
Income tax (expense) benefit	3	0
Net income (loss)	$ (19)	$ 1