Statutory Information and Restrictions (Tables)

12 Months Ended

Dec. 31, 2020

Statutory Information and Restrictions [Abstract]

Statutory Capital and Surplus

	As of December 31,
	2020		2019
U.S. capital and surplus	$	8,938	$	8,564

	For the Years Ended December 31,
	2020			2019		2018
U.S. net gain (loss) from operations, after-tax	$	(271	)	$	409	$	692
U.S. net income (loss)		29			388		1,019
U.S. dividends to LNC holding company		660			600		925

Effects on statutory surplus compared to NAIC statutory surplus

	As of December 31,
	2020			2019
State Prescribed Practices
Calculation of reserves using the Indiana universal life method	$	14		$	24
Conservative valuation rate on certain annuities		(44	)		(49	)
Calculation of reserves using continuous CARVM		(1	)		-
State Permitted Practice
Derivative instruments and equity indexed reserves		(100	)		-
Vermont Subsidiaries Permitted Practices (1)
Lesser of LOC and XXX additional reserve as surplus		1,897			1,947
LLC notes and variable value surplus notes		1,640			1,648
Excess of loss reinsurance agreements		452			419

⁽¹⁾These permitted practices are related to structures that continue to be allowed in accordance with the grandfathered structures under the provisions of AG48 or are compliant under AG48 requirements.