Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $22,342 as of 2022 and $22,349 as of 2021; allowance for credit losses of $47 as of 2022 and $48 as of 2021)	$ 22,527	$ 24,360
Fixed maturities, at fair value using the fair value option	1,244	1,253
Equity securities, at fair value (cost of $137 as of 2022 and $141 as of 2021)	137	141
Short-term Investments	7	0
Mortgage loans on real estate	4,175	4,233
Less: Allowance for credit losses	9	11
Mortgage loans on real estate, net	4,166	4,222
Policy loans	166	171
Limited partnerships/corporations	1,032	980
Derivatives	175	149
Other investments	143	143
Total investments	30,429	32,218
Cash and cash equivalents	155	436
Short-term investments under securities loan agreements, including collateral delivered	805	808
Accrued investment income	293	285
Premiums receivable and reinsurance recoverable	3,530	3,598
Reinsurance Recoverable, Allowance for Credit Loss	5	0
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	867	422
Short-term loan to affiliate	822	130
Current income tax recoverable	11	0
Deferred Income Tax Assets, Net	66	0
Due from affiliates	71	70
Property and equipment	75	72
Other assets (net of allowance for credit loss of $3 as of 2022)	1,757	1,635
Assets held in separate accounts	89,965	96,964
Total assets	128,841	136,638
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	33,297	32,926
Payable for securities purchased	102	0
Payables under securities loan agreements, including collateral held	785	811
Due to affiliates	107	110
Derivatives	210	144
Taxes Payable	0	42
Accrued Income Taxes, Current	0	227
Other liabilities	481	384
Liabilities related to separate accounts	89,965	96,964
Total liabilities	124,947	131,608
Commitments and Contingencies (Note 10)
Shareholder's equity:
Common stock (100,000 shares authorized, 55,000 issued and outstanding as of 2022 and 2021, respectively; $50 par value per share)	3	3
Additional paid-in capital	3,191	3,191
Accumulated other comprehensive income (loss)	303	1,423
Retained earnings (deficit)	397	413
Total shareholder's equity	3,894	5,030
Total liabilities and shareholder's equity	128,841	136,638
Premiums Receivable and Reinsurance Recoverables, Including Reinsurance Premium Paid	3,525	3,598
Collateral Pledged
Investments:
Securities pledged (amortized cost of $811 as of 2022 and $725 as of 2021)	$ 832	$ 799