SCHEDULE I - SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]

Schedule I - Summary of Investments - Other than Investments in Related Parties

SCHEDULE I

SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN RELATED PARTIES

AS OF DECEMBER 31, 2022

	Cost (1)		Fair Value		Carrying Value
	(in millions)
Fixed maturities, AFS:
U.S. government, agencies and authorities	$	14	$	13	$	13
State, municipalities and political subdivisions	43		34		34
Public utilities	300		253		253
All other corporate bonds	2,117		1,805		1,805
Residential mortgage-backed	8		6		6
Asset-backed	43		41		41
Commercial mortgage-backed	81		66		66
Total fixed maturities, AFS	2,606		2,218		2,218
Mortgage loans on real estate (2)	17		15		17
Policy loans	244		248		244
Other equity investments	20		19		19
Other invested assets	47		47		47
Total Investments	$	2,934	$	2,547	$	2,545

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(1)Cost for fixed maturities represents original cost, reduced by repayments and write-downs and adjusted for amortization of premiums or accretion of discount; cost for equity securities represents original cost reduced by write-downs.

(2)Carrying value for mortgage loans on real estate represents original cost adjusted for amortization of premiums or accretion of discount and reduced by credit loss allowance.