Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Investments:
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option	$ 21,239	$ 24,360
Fixed maturities, at fair value using the fair value option	1,248	1,253
Equity Securities, FV-NI, Current	144	141
Financing Receivable, before Allowance for Credit Loss, Current	4,174	4,233
Less: Allowance for credit losses	10	11
Mortgage loans on real estate, net	4,164	4,222
Policy loans	163	171
Limited partnerships/corporations	1,051	980
Derivatives	240	149
Other investments	142	143
Total investments	29,190	32,218
Cash and cash equivalents	282	436
Short-term investments under securities loan agreements, including collateral delivered	871	808
Accrued investment income	276	285
Premiums receivable and reinsurance recoverable	3,478	3,598
Reinsurance Recoverable, Allowance for Credit Loss	9	0
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	1,271	422
Short-term loan to affiliate	0	130
Current income tax recoverable	15	0
Deferred Income Tax Assets, Net	370	0
Due from affiliates	63	70
Property and equipment	46	72
Other assets (net of allowance for credit loss of $3 as of 2022 and $0 as of 2021)	1,651	1,635
Assets held in separate accounts	77,421	96,964
Total assets	114,925	136,638
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	33,739	32,926
Payable for securities purchased	79	0
Payables under securities loan agreements, including collateral held	853	811
Due to affiliates	91	110
Derivatives	261	144
Taxes Payable	0	42
Accrued Income Taxes, Current	0	227
Other liabilities	436	384
Liabilities related to separate accounts	77,421	96,964
Total liabilities	112,880	131,608
Commitments and Contingencies (Note 10)
Shareholder's equity:
Common Stock, Value, Issued	3	3
Additional paid-in capital	2,778	3,191
Accumulated other comprehensive income (loss)	(759)	1,423
Retained earnings (deficit)	23	413
Total shareholder's equity	2,045	5,030
Total liabilities and shareholder's equity	114,925	136,638
Premiums Receivable and Reinsurance Recoverables, Including Reinsurance Premium Paid	3,469	3,598
Allowance for Credit Loss, Receivable, Other, Current	3	0
Debt Securities, Available-for-sale, Allowance for Credit Loss	33	48
Fixed maturities, amortized cost	22,784	22,349
Collateral Pledged
Investments:
Debt Securities, Available-for-Sale, Restricted	$ 799	$ 799