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Condensed Consolidated Balance Sheets Parenthetical - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Securities pledged, amortized costs $ 971 $ 894
Common stock, par value $ 50  
Common stock, shares issued 55,000  
Fixed maturities, amortized cost $ 21,656 22,218
Common stock, shares authorized 100,000  
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option $ 19,704 19,772
Fixed maturities, at fair value using the fair value option 1,339 1,255
Equity Securities, FV-NI, Current 128 133
Other Short-Term Investments 0 248
Mortgage loans on real estate, net 4,134 4,213
Policy loans 158 159
Limited partnerships/corporations 1,060 1,043
Derivatives 270 322
Other investments 134 132
Investments 27,810 28,069
Cash and cash equivalents 233 220
Short-term investments under securities loan agreements, including collateral delivered 1,002 939
Accrued investment income 305 289
Premiums and Other Receivables, Net 3,028 3,032
Deferred policy acquisition costs and Value of business acquired 933 938
Deferred Income Tax Assets, Net 659 774
Other assets (net of allowance for credit loss of $0 as of 2023 and $0 as of 2022) 2,026 1,681
Assets held in separate accounts 81,911 77,639
Total assets 117,907 113,581
Future policy benefits and contract owner account balances 32,460 32,942
Payables under securities loan agreements, including collateral held 941 921
Due to affiliates 161 134
Derivatives 319 331
Other liabilities 704 687
Liabilities related to separate accounts 81,911 77,639
Liabilities 116,496 112,654
Common Stock, Value, Issued 3 3
Additional paid-in capital 2,778 2,778
Accumulated other comprehensive income (loss) (1,673) (2,067)
Retained earnings (deficit) 303 213
Total shareholder's equity 1,411 927
Liabilities and Equity 117,907 113,581
Allowance for Credit Loss, Receivable, Other, Current 0 0
Reinsurance Recoverable, Allowance for Credit Loss 0 0
Less: Allowance for credit losses 14  
Debt Securities, Available-for-sale, Allowance for Credit Loss $ 5 $ 7