Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $24,244 as of 2020 and $23,107 as of 2019; allowance for credit losses of $6 as of 2020)	$ 27,177	$ 25,153
Fixed maturities, at fair value using the fair value option	1,755	1,479
Equity securities, at fair value (cost of $219 as of 2020 and $73 as of 2019)	219	80
Mortgage loans on real estate, net of valuation allowance of $0 as of 2019	4,670	4,664
Less: Allowance for credit losses	39	0
Mortgage loans on real estate, net	4,631	4,664
Policy loans	193	205
Limited partnerships/corporations	757	738
Derivatives	178	224
Other investments	44	43
Total investments	35,430	33,414
Cash and cash equivalents	262	512
Short-term investments under securities loan agreements, including collateral delivered	424	917
Accrued investment income	328	293
Premiums receivable and reinsurance recoverable	1,234	1,304
Reinsurance Recoverable, Allowance for Credit Loss	0	0
Premiums receivable and reinsurance recoverable, net	1,234	1,304
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	162	608
Short-term loan to affiliate	431	69
Current income tax recoverable	21	9
Due from affiliates	114	67
Property and equipment	60	60
Other assets	234	255
Assets held in separate accounts	79,953	78,713
Total assets	118,653	116,221
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	32,849	31,142
Payable for securities purchased	13	5
Payables under securities loan agreements, including collateral held	351	865
Due to affiliates	71	95
Derivatives	250	285
Deferred income taxes	354	304
Other liabilities	320	369
Liabilities related to separate accounts	79,953	78,713
Total liabilities	114,161	111,778
Commitments and Contingencies (Note 9)
Shareholder's equity:
Common stock (100,000 shares authorized, 55,000 issued and outstanding as of 2020 and 2019; $50 par value per share)	3	3
Additional paid-in capital	2,873	2,873
Accumulated other comprehensive income (loss)	1,610	1,292
Retained earnings (deficit)	6	275
Total shareholder's equity	4,492	4,443
Total liabilities and shareholder's equity	118,653	116,221
Collateral Pledged
Investments:
Securities pledged (amortized cost of $396 as of 2020 and $749 as of 2019)	$ 476	$ 828