Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $23,345 as of 2020 and $23,107 as of 2019; allowance for credit losses of $4 as of 2020)	$ 23,909	$ 25,153
Fixed maturities, at fair value using the fair value option	1,644	1,479
Equity securities, at fair value (cost of $73 as of 2020 and 2019)	73	80
Mortgage loans on real estate, net of valuation allowance of $0 as of 2019	4,774	4,664
Less: Allowance for credit losses	17	0
Mortgage loans on real estate, net	4,757	4,664
Policy loans	201	205
Limited partnerships/corporations	784	738
Derivatives	719	224
Other investments	44	43
Total investments	33,050	33,414
Cash and cash equivalents	480	512
Short-term investments under securities loan agreements, including collateral delivered	1,572	917
Accrued investment income	319	293
Premiums receivable and reinsurance recoverable	1,287	1,304
Reinsurance Recoverable, Allowance for Credit Loss	0	0
Premiums receivable and reinsurance recoverable, net	1,287	1,304
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	941	608
Short-term loan to affiliate	626	69
Current income tax recoverable	36	9
Due from affiliates	63	67
Property and equipment	59	60
Other assets	239	255
Assets held in separate accounts	66,562	78,713
Total assets	105,234	116,221
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	32,117	31,142
Payable for securities purchased	59	5
Payables under securities loan agreements, including collateral held	1,503	865
Due to affiliates	90	95
Derivatives	795	285
Deferred income taxes	128	304
Other liabilities	270	369
Liabilities related to separate accounts	66,562	78,713
Total liabilities	101,524	111,778
Commitments and Contingencies (Note 9)
Shareholder's equity:
Common stock (100,000 shares authorized, 55,000 issued and outstanding as of 2020 and 2019; $50 par value per share)	3	3
Additional paid-in capital	2,873	2,873
Accumulated other comprehensive income (loss)	533	1,292
Retained earnings (deficit)	301	275
Total shareholder's equity	3,710	4,443
Total liabilities and shareholder's equity	105,234	116,221
Collateral Pledged
Investments:
Securities pledged (amortized cost of $848 as of 2020 and $749 as of 2019)	$ 919	$ 828