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

12 Months Ended

Dec. 31, 2023

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, 2023

	Cost (1)		Fair Value		Carrying Value
	(in millions)
Fixed maturities, AFS:
U.S. government, agencies and authorities	$	15	$	15	$	15
State, municipalities and political subdivisions	50		43		43
Foreign governments	31		31		31
Public utilities	784		761		761
All other corporate bonds	5,058		4,901		4,901
Residential mortgage-backed	961		972		972
Asset-backed	2,956		2,986		2,986
Commercial mortgage-backed	195		182		182
Total fixed maturities, AFS	10,050		9,891		9,891
Mortgage loans on real estate (2)	296		297		294
Policy loans	268		275		268
Other equity investments	20		19		19
Trading securities	2		—		—
Other invested assets	351		351		351
Total Investments	$	10,987	$	10,833	$	10,823

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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.