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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option $ 18,713 $ 19,772
Fixed maturities, at fair value using the fair value option 1,328 1,255
Equity Securities, FV-NI, Current 65 133
Short-term investments 86 248
Financing Receivable, Allowance for Credit Loss, Current 22 14
Financing Receivable, after Allowance for Credit Loss, Current 4,026 4,213
Policy loans 161 159
Limited partnerships/corporations 1,046 1,043
Derivatives 213 322
Other Investments 88 132
Total investments 26,524 28,069
Cash and cash equivalents 186 220
Short-term investments under securities loan agreements, including collateral delivered 789 939
Accrued investment income 283 289
Premiums and Other Receivables, Net 2,899 3,032
Reinsurance Recoverable, Allowance for Credit Loss 0  
Deferred policy acquisition costs and Value of business acquired 920 938
Deferred Income Tax Assets, Net 633 774
Other assets (net of allowance for credit loss of $0 as of 2023 and 2022) 1,726 1,681
Separate Account Asset 90,282 77,639
Total assets 124,242 113,581
Liabilities and Shareholder's Equity    
Future policy benefits and contract owner account balances 30,577 32,942
Payables under securities loan agreements, including collateral held 692 921
Related Party Deposit Liabilities 173 134
Derivatives 299 331
Other liabilities 679 687
Liabilities related to separate accounts 90,282 77,639
Total liabilities 122,702 112,654
Commitments and Contingencies (Note 15)
Shareholder's equity:    
Common Stock, Value, Issued 3 3
Additional paid-in capital 2,770 2,778
Accumulated other comprehensive income (loss) (1,531) (2,067)
Retained earnings (deficit) 298 213
Total shareholder's equity 1,540 927
Total liabilities and shareholder's equity 124,242 113,581
Collateral Pledged    
Investments:    
Debt Securities, Available-for-Sale, Restricted $ 798 $ 792