Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost of $2,611 and $2,444) (allowance for credit losses of $0 and $0 )	$ 2,318	$ 2,572
Mortgage loans on real estate (net of allowance for credit losses of $0 and $0)	17	17
Policy loans	246	238
Other equity investments	19	23
Other invested assets	20	19
Total investments	2,620	2,869
Cash and cash equivalents	33	127
Deferred policy acquisition costs	818	637
Amounts due from reinsurers (allowance for credit losses of $0 and $0)	1,101	1,136
Current and deferred income taxes	94	15
Other assets	55	57
Separate Accounts assets	2,985	3,394
Total Assets	7,706	8,235
LIABILITIES
Policyholders’ account balances	3,486	3,504
Future policy benefits and other policyholders' liabilities	592	470
Amounts due to reinsurers	111	117
Other liabilities	141	42
Separate Accounts liabilities	2,985	3,394
Total Liabilities	7,315	7,527
Commitments and contingent liabilities (Note 10)
EQUITY
Common stock, $1.00 par value; 2,500,000 shares authorized, issued and outstanding	3	3
Additional paid-in capital	681	679
Accumulated deficit	(92)	(60)
Accumulated other comprehensive income (loss)	(201)	86
Total Equity	391	708
Total Liabilities and Equity	$ 7,706	$ 8,235