Balance Sheets - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost of $3,537 and $2,606) (allowance for credit losses of $0 and $0 )		$ 3,225	$ 2,218
Mortgage loans on real estate (net of allowance for credit losses of $0 and $0)		17	17
Policy loans		250	244
Other equity investments		18	19
Other invested assets		82	47
Total investments		3,592	2,545
Cash and cash equivalents		535	294
Deferred policy acquisition costs		824	760
Amounts due from reinsurers (allowance for credit losses of $0 and $0)		1,040	1,051
Current and deferred income taxes		147	76
Purchased market risk benefits		11	13
Other assets		131	101
Assets for market risk benefits		17	12
Separate Accounts assets		3,867	3,374
Total Assets		10,164	8,226
LIABILITIES
Policyholders’ account balances		4,910	3,751
Liability for market risk benefits		14	15
Future policy benefits and other policyholders' liabilities		707	669
Amounts due to reinsurers		109	112
Other liabilities		182	73
Separate Accounts liabilities		3,867	3,374
Total Liabilities		9,789	7,994
Commitments and contingent liabilities	[1]
EQUITY
Common stock, $1.00 par value; 2,500,000 shares authorized, issued and outstanding		3	3
Additional paid-in capital		831	831
Accumulated deficit		(157)	(220)
Accumulated other comprehensive income (loss)		(302)	(382)
Total Equity		375	232
Total Liabilities and Equity		$ 10,164	$ 8,226

[1] See Note 13 of the Notes to these Financial Statements for details of commitments and contingent liabilities.Prior period amounts have been adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.