SCHEDULE I - SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]

Schedule I - Summary of Investments - Other than Investments in Related Parties

SCHEDULE I

SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN RELATED PARTIES

AS OF DECEMBER 31, 2020

	Cost (1)		Fair Value		Carrying Value
	(in millions)
Fixed maturities, AFS:
U.S. government, agencies and authorities	$	12,644	$	15,943	$	15,943
State, municipalities and political subdivisions	482		574		574
Foreign governments	1,011		1,103		1,103
Public utilities	5,894		6,527		6,527
All other corporate bonds	42,607		46,575		46,575
Residential mortgage-backed	119		131		131
Asset-backed	3,633		3,656		3,656
Commercial mortgage-backed	1,148		1,203		1,203
Redeemable preferred stocks	598		641		641
Total fixed maturities, AFS	68,136		76,353		76,353
Mortgage loans on real estate (2)	13,223		13,474		13,142
Policy loans	3,635		4,794		3,635
Other equity investments	1,342		1,342		1,342
Trading securities	5,031		5,340		5,340
Other invested assets	2,383		2,383		2,383
Total Investments	$	93,750	$	103,686	$	102,195

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(1)Cost for fixed maturities represents original cost, reduced by repayments and write-downs and adjusted for amortization of premiums or accretion of discount; cost for equity securities represents original cost reduced by write-downs; cost for other limited partnership interests represents original cost adjusted for equity in earnings and reduced by distributions.

(2)Carrying value for mortgage loans on real estate represents original cost adjusted for amortization of premiums or accretion of discount and reduced by credit loss allowance.