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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option $ 19,051 $ 19,772
Fixed maturities, at fair value using the fair value option 1,311 1,255
Equity Securities, FV-NI, Current 127 133
Less: Allowance for credit losses 23 14
Mortgage loans on real estate, net 4,139 4,213
Policy loans 159 159
Limited partnerships/corporations 1,075 1,043
Derivatives 349 322
Other investments 131 132
Total investments 27,132 28,069
Cash and cash equivalents 444 220
Short-term investments under securities loan agreements, including collateral delivered 875 939
Accrued investment income 286 289
Reinsurance Recoverable, Allowance for Credit Loss 0  
Deferred policy acquisition costs and Value of business acquired 928 938
Deferred Income Tax Assets, Net 702 774
Other assets (net of allowance for credit loss of $0 as of 2023 and 2022) 1,643 1,681
Assets held in separate accounts 86,069 77,639
Total assets 121,017 113,581
Liabilities and Shareholder's Equity    
Future policy benefits and contract owner account balances 31,870 32,942
Payables under securities loan agreements, including collateral held 876 921
Related Party [Member] 124 134
Derivatives 347 331
Other liabilities 726 687
Liabilities related to separate accounts 86,069 77,639
Total liabilities 120,012 112,654
Commitments and Contingencies (Note 13)
Common stock, par value $ 50  
Common stock, shares authorized 100,000  
Common stock, shares issued 55,000  
Shareholder's equity:    
Common Stock, Value, Issued $ 3 3
Additional paid-in capital 2,770 2,778
Accumulated other comprehensive income (loss) (1,869) (2,067)
Retained earnings (deficit) 101 213
Total shareholder's equity 1,005 927
Total liabilities and shareholder's equity 121,017 113,581
Premiums Receivable and Reinsurance Recoverables, Including Reinsurance Premium Paid 2,938 3,032
Allowance for Credit Loss, Receivable, Other, Current 0  
Debt Securities, Available-for-sale, Allowance for Credit Loss 12 7
Fixed maturities, amortized cost 21,255 22,218
Collateral Pledged    
Investments:    
Debt Securities, Available-for-Sale, Restricted $ 789 $ 792