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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option $ 18,131 $ 19,772
Fixed maturities, at fair value using the fair value option 1,230 1,255
Equity Securities, FV-NI, Current 123 133
Less: Allowance for credit losses 24 14
Mortgage loans on real estate, net 4,129 4,213
Policy loans 161 159
Limited partnerships/corporations 1,085 1,043
Derivatives 328 322
Other investments 127 132
Total investments 26,218 28,069
Cash and cash equivalents 154 220
Short-term investments under securities loan agreements, including collateral delivered 753 939
Accrued investment income 309 289
Reinsurance Recoverable, Allowance for Credit Loss 0  
Deferred policy acquisition costs and Value of business acquired 923 938
Deferred Income Tax Assets, Net 888 774
Other assets (net of allowance for credit loss of $0 as of 2023 and 2022) 1,690 1,681
Assets held in separate accounts 82,861 77,639
Total assets 116,607 113,581
Liabilities and Shareholder's Equity    
Future policy benefits and contract owner account balances 31,213 32,942
Payables under securities loan agreements, including collateral held 779 921
Related Party [Member] 115 134
Derivatives 305 331
Other liabilities 797 687
Liabilities related to separate accounts 82,861 77,639
Total liabilities 116,070 112,654
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) (2,407) (2,067)
Retained earnings (deficit) 171 213
Total shareholder's equity 537 927
Total liabilities and shareholder's equity 116,607 113,581
Premiums Receivable and Reinsurance Recoverables, Including Reinsurance Premium Paid 2,811 3,032
Allowance for Credit Loss, Receivable, Other, Current 0  
Debt Securities, Available-for-sale, Allowance for Credit Loss 14 7
Fixed maturities, amortized cost 20,985 22,218
Collateral Pledged    
Investments:    
Debt Securities, Available-for-Sale, Restricted $ 718 $ 792