Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $23,074 as of 2021 and $24,667 as of 2020; allowance for credit losses of $48 as of 2021 and $14 as of 2020)	$ 24,360	$ 28,043
Fixed maturities, at fair value using the fair value option	1,253	1,730
Equity securities, at fair value (cost of $141 as of 2021 and $116 as of 2020)	141	116
Short-term investments	0	17
Mortgage loans on real estate	4,233	4,694
Less: Allowance for credit losses	11	67
Mortgage loans on real estate, net	4,222	4,627
Policy loans	171	187
Limited partnerships/corporations	980	815
Derivatives	149	145
Other Investments	143	43
Total investments	32,218	35,943
Cash and cash equivalents	436	360
Short-term investments under securities loan agreements, including collateral delivered	808	249
Accrued investment income	285	304
Reinsurance recoverable, net of allowance for credit losses	3,598	1,219
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	422	173
Short-term loan to affiliate	130	653
Current income tax recoverable	0	5
Due from affiliates	70	118
Property and equipment	72	63
Other assets	1,635	242
Separate Account Asset	96,964	87,319
Total assets	136,638	126,648
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	32,926	33,127
Payable for securities purchased	0	26
Payables under securities loan agreements, including collateral held	811	208
Due to affiliates	110	125
Derivatives	144	216
Income Taxes Receivable, Current	42	0
Deferred Income Tax Liabilities, Net	227	439
Other liabilities	384	291
Liabilities related to separate accounts	96,964	87,319
Total liabilities	131,608	121,751
Commitments and Contingencies (Note 12)
Shareholder's equity:
Common stock (100,000 shares authorized, 55,000 issued and outstanding as of 2021 and 2020, respectively; $50 par value per share)	3	3
Additional paid-in capital	3,191	2,873
Accumulated other comprehensive income (loss)	1,423	1,882
Retained earnings	413	139
Total shareholder's equity	5,030	4,897
Total liabilities and shareholder's equity	136,638	126,648
Collateral Pledged
Investments:
Securities pledged (amortized cost of $725 as of 2021 and $169 as of 2020)	$ 799	$ 220