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Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities
 3 Months Ended
Mar. 31, 2022
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]  
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities
Policyholder account balances, future policy benefits and claims consisted of the following:

March 31, 2022December 31, 2021
(in millions)
Policyholder account balances
Fixed annuities (1)
$8,002 $8,117 
Variable annuity fixed sub-accounts4,951 4,990 
Universal life (“UL”)/variable universal life (“VUL”) insurance3,092 3,103 
Indexed universal life (“IUL”) insurance2,587 2,534 
Structured variable annuities4,885 4,440 
Other life insurance553 563 
Total policyholder account balances24,070 23,747 
Future policy benefits
Variable annuity guaranteed minimum withdrawal benefits (“GMWB”)1,750 2,336 
Variable annuity guaranteed minimum accumulation benefits (“GMAB”) (2)
(17)(23)
Other annuity liabilities96 67 
Fixed annuity life contingent liabilities1,254 1,278 
Life and disability income insurance1,125 1,139 
Long term care insurance5,485 5,664 
UL/VUL and other life insurance additional liabilities1,203 1,291 
Total future policy benefits10,896 11,752 
Policy claims and other policyholders’ funds259 251 
Total policyholder account balances, future policy benefits and claims$35,225 $35,750 
(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 March 31, 2022 and December 31, 2021 reported as a contra liability. 
Separate account liabilities consisted of the following:
March 31, 2022December 31, 2021
(in millions)
Variable annuity$75,921 $82,862 
VUL insurance8,719 9,343 
Other insurance31 33 
Threadneedle investment liabilities4,998 5,253 
Total$89,669 $97,491