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

9 Months Ended

Sep. 30, 2021

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]

Schedule of components of policyholder account balances, future policy benefits and claims

	September 30, 2021		December 31, 2020
	(in millions)
Policyholder account balances
Fixed annuities (1)	$	8,229	$	8,531
Variable annuity fixed sub-accounts	5,020		5,104
Universal life (“UL”)/variable universal life (“VUL”) insurance	3,098		3,122
Indexed universal life (“IUL”) insurance	2,461		2,269
Structured variable annuities	3,552		1,371
Other life insurance	580		605
Total policyholder account balances	22,940		21,002
Future policy benefits
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)	2,256		3,049
Variable annuity guaranteed minimum accumulation benefits (“GMAB”) (2)	(14)		1
Other annuity liabilities	73		211
Fixed annuity life contingent liabilities	1,303		1,370
Life and disability income insurance	1,152		1,187
Long term care insurance	5,664		5,722
UL/VUL and other life insurance additional liabilities	1,278		1,259
Total future policy benefits	11,712		12,799
Policy claims and other policyholders’ funds	212		191
Total policyholder account balances, future policy benefits and claims	$	34,864	$	33,992

(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 September 30, 2021 reported as a contra liability.

Schedule of components of separate account liabilities

	September 30, 2021		December 31, 2020
	(in millions)
Variable annuity	$	81,063	$	79,299
VUL insurance	8,931		8,226
Other insurance	32		31
Threadneedle investment liabilities	5,103		5,055
Total	$	95,129	$	92,611