Consolidated Statements of Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Policy charges and fee income	$ 1,287	$ 229	$ 204
Premiums	468	223	157
Net derivative gains (losses)	18	(31)	(1)
Net investment income (loss)	312	87	88
Investment gains (losses), net	(7)	(8)	4
Investment management and service fees	372	18	4
Other income	126	25	5
Total revenues	2,576	543	461
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits	880	300	255
Remeasurement of liability for future policy benefits	29	(1)	(17)
Change in market risk benefits and purchased market risk benefits	(1,592)	(12)	0
Interest credited to policyholders’ account balances	688	90	82
Compensation and benefits	63	42	36
Commissions	332	90	76
Interest expense	1	0	0
Amortization of deferred policy acquisition costs	71	41	36
Other operating costs and expenses	679	103	102
Total benefits and other deductions	1,151	653	570
Income (loss) from continuing operations, before income taxes	1,425	(110)	(109)
Income tax (expense) benefit	(234)	22	24
Net income (loss)	$ 1,191	$ (88)	$ (85)