VARIABLE LIFE AND ANNUITY CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2020

VARIABLE LIFE AND ANNUITY CONTRACTS

Schedule of Account balances of variable annuity contracts with guarantees were invested in separate account investment

At December 31,
(in millions)		2020		2019
Equity funds	$	56,868	$	51,383
Bond funds		8,534		7,881
Balanced funds		27,441		26,659
Money market funds		1,124		765
Total	$	93,967	$	86,688

Schedule of details concerning entity's GMDB exposures, by benefit type

At December 31,	2020				2019
		Net Deposits				Net Deposits
		Plus a Minimum		Highest Contract		Plus a Minimum		Highest Contract
(dollars in millions)		Return		Value Attained		Return		Value Attained
Account value	$	105,010	$	16,667	$	98,386	$	15,796
Net amount at risk		490		276		689		301
Average attained age of contract holders by product		65		72		65		71
Range of guaranteed minimum return rates		0.00%-4.50%				0.00%-4.50%

Schedule of changes in GMDB liabilities for guarantees on variable contracts reflected in the general account

Years Ended December 31,
(in millions)		2020		2019		2018
Balance, beginning of year	$	407	$	397	$	352
Reserve increase (decrease)		41		35		93
Benefits paid		(43)		(40)		(43)
Changes in reserves related to unrealized appreciation of investments		16		15		(5)
Balance, end of year	$	421	$	407	$	397