Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
REVENUES
Policy charges and fee income	$ 72	$ 68	$ 218	$ 212
Premiums	55	39	163	115
Net derivative gains (losses)	(12)	0	(12)	(3)
Net investment income (loss)	22	20	63	62
Investment gains (losses), net	0	0	(3)	0
Investment management and service fees	5	1	16	3
Other income	2	1	3	7
Total revenues	144	129	448	396
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	59	65	215	174
Interest credited to policyholders’ account balances	25	22	67	62
Compensation and benefits	10	10	30	28
Commissions	20	20	62	54
Amortization of deferred policy acquisition costs	0	(13)	35	30
Other operating costs and expenses	22	27	67	71
Total benefits and other deductions	136	131	476	419
Income (loss) from continuing operations, before income taxes	8	(2)	(28)	(23)
Income tax (expense) benefit	3	1	4	6
Net income (loss)	$ 11	$ (1)	$ (24)	$ (17)