Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
REVENUES
Policy charges and fee income	$ 61	$ 56
Premiums	69	49
Net derivative gains (losses)	6	(8)
Net investment income (loss)	29	20
Investment gains (losses), net	(5)	(1)
Investment management and service fees	5	5
Other income	6	0
Total revenues	171	121
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	79	74
Remeasurement of liability for future policy benefits	(1)	(1)
Change in market risk benefits and purchased market risk benefits	0	(5)
Interest credited to policyholders’ account balances	23	19
Compensation and benefits	13	11
Commissions	31	16
Amortization of deferred policy acquisition costs	12	10
Other operating costs and expenses	23	23
Total benefits and other deductions	180	147
Income (loss) from continuing operations, before income taxes	(9)	(26)
Income tax (expense) benefit	72	6
Net income (loss)	$ 63	$ (20)