Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities

Policyholder Account Balances, Future Policy Benefits and Unpaid Claims Disclosure [Table Text Block]

Policyholder account balances, future policy benefits and claims consisted of the following:

	December 31,
	2020		2019
	(in millions)
Policyholder account balances
Fixed annuities(1)	$	8,531	$	8,909
Variable annuity fixed sub-accounts	5,104		5,103
UL/VUL insurance	3,122		3,110
IUL insurance	2,269		2,025
Structured variable annuities	1,371		—
Other life insurance	605		646
Total policyholder account balances	21,002		19,793
Future policy benefits
Variable annuity GMWB	3,049		1,462
Variable annuity GMAB(2)	1		(39)
Other annuity liabilities	211		139
Fixed annuity life contingent liabilities	1,370		1,444
Life and DI insurance	1,187		1,212
LTC insurance	5,722		5,302
UL/VUL and other life insurance additional liabilities	1,259		1,033
Total future policy benefits	12,799		10,553
Policy claims and other policyholders’ funds	191		166
Total policyholder account balances, future policy benefits and claims	$	33,992	$	30,512

(1) Includes fixed deferred annuities, non-life contingent fixed payout annuities and fixed deferred indexed annuity host contracts.

(2) Includes the fair value of GMAB embedded derivatives that was a net asset as of both December 31, 2020 and 2019 reported as a contra liability.

Schedule of Separate Account Liabilities by Policy Type [Table Text Block]

Separate account liabilities consisted of the following:

	December 31,
	2020		2019
	(in millions)
Variable annuity	$	79,299	$	74,965
VUL insurance	8,226		7,429
Other insurance	31		31
Threadneedle investment liabilities	5,055		5,063
Total	$	92,611	$	87,488