Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $23,613 as of 2020 and $23,107 as of 2019; allowance for credit losses of $5 as of 2020)	$ 26,156	$ 25,153
Fixed maturities, at fair value using the fair value option	1,788	1,479
Equity securities, at fair value (cost of $113 as of 2020 and $73 as of 2019)	110	80
Mortgage loans on real estate, net of valuation allowance of $0 as of 2019	4,731	4,664
Less: Allowance for credit losses	55	0
Mortgage loans on real estate, net	4,676	4,664
Policy loans	195	205
Limited partnerships/corporations	753	738
Derivatives	677	224
Other investments	44	43
Total investments	35,047	33,414
Cash and cash equivalents	364	512
Short-term investments under securities loan agreements, including collateral delivered	1,225	917
Accrued investment income	300	293
Premiums receivable and reinsurance recoverable	1,267	1,304
Reinsurance Recoverable, Allowance for Credit Loss	2	0
Premiums receivable and reinsurance recoverable, net	1,265	1,304
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	407	608
Short-term loan to affiliate	254	69
Current income tax recoverable	6	9
Due from affiliates	81	67
Property and equipment	59	60
Other assets	223	255
Assets held in separate accounts	75,740	78,713
Total assets	114,971	116,221
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	31,958	31,142
Payable for securities purchased	103	5
Payables under securities loan agreements, including collateral held	1,164	865
Due to affiliates	80	95
Derivatives	736	285
Deferred income taxes	383	304
Other liabilities	296	369
Liabilities related to separate accounts	75,740	78,713
Total liabilities	110,460	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)	1,535	1,292
Retained earnings (deficit)	100	275
Total shareholder's equity	4,511	4,443
Total liabilities and shareholder's equity	114,971	116,221
Collateral Pledged
Investments:
Securities pledged (amortized cost of $556 as of 2020 and $749 as of 2019)	$ 648	$ 828