Statutory Information and Restrictions (Tables)

12 Months Ended

Dec. 31, 2023

Insurance [Abstract]

Statutory Capital and Surplus

	As of December 31,
	2023		2022
U.S. capital and surplus	$	8,129	$	8,624

	For the Years Ended December 31,
	2023		2022		2021
U.S. net gain (loss) from operations, after-tax	$	(2,484)	$	1,730	$	(1,262)
U.S. net income (loss)	(2,916)		1,991		(547)
U.S. dividends to LNC holding company	510		667		1,955

Effects on Statutory Surplus Compared to NAIC Statutory Surplus

The favorable (unfavorable) effects on statutory surplus compared to NAIC statutory surplus from the use of these prescribed and permitted practices (in millions) were as follows:

	As of December 31,
	2023		2022
State Prescribed Practices
Calculation of reserves using the Indiana universal life method	$	(1)	$	3
Conservative valuation rate on certain annuities	(1)		(36)
Calculation of reserves using continuous CARVM	(1)		(1)
Conservative Reg 213 reserves on variable annuity and individual life contracts	(31)		(37)
State Permitted Practice
Derivative instruments and equity indexed reserves	(170)		14
Assets in group fixed annuity contracts held at general account balances	332		436
Vermont Subsidiaries Permitted Practices
Lesser of LOC and XXX additional reserve as surplus	1,776		1,838
LLC notes and variable value surplus notes	1,444		1,547
Excess of loss reinsurance agreements	563		549