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Condensed Consolidated Balance Sheets Parenthetical - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Securities pledged, amortized costs $ 845 $ 894
Common stock, par value $ 50  
Common stock, shares issued 55,000  
Fixed maturities, amortized cost $ 20,985 22,218
Common stock, shares authorized 100,000  
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
Other Short-Term Investments 186 248
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
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
Premiums and Other Receivables, Net 2,811 3,032
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
Future policy benefits and contract owner account balances 31,213 32,942
Payables under securities loan agreements, including collateral held 779 921
Derivatives 305 331
Other liabilities 797 687
Liabilities related to separate accounts 82,861 77,639
Liabilities 116,070 112,654
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
Liabilities and Equity 116,607 113,581
Allowance for Credit Loss, Receivable, Other, Current 0  
Reinsurance Recoverable, Allowance for Credit Loss 0  
Debt Securities, Available-for-sale, Allowance for Credit Loss 14 7
Less: Allowance for credit losses $ 24 $ 14