Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $22,497 as of 2021 and $24,667 as of 2020; allowance for credit losses of $25 as of 2021 and $14 as of 2020)	$ 24,713	$ 28,043
Fixed maturities, at fair value using the fair value option	1,388	1,730
Equity securities, at fair value (cost of $173 as of 2021 and $116 as of 2020)	173	116
Short-term Investments	0	17
Mortgage loans on real estate	4,163	4,694
Less: Allowance for credit losses	15	67
Mortgage loans on real estate, net	4,148	4,627
Policy loans	175	187
Limited partnerships/corporations	938	815
Derivatives	121	145
Other investments	137	43
Total investments	32,699	35,943
Cash and cash equivalents	363	360
Short-term investments under securities loan agreements, including collateral delivered	891	249
Accrued investment income	303	304
Premiums receivable and reinsurance recoverable	3,626	1,219
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	371	173
Short-term loan to affiliate	0	653
Current income tax recoverable	8	5
Due from affiliates	143	118
Property and equipment	70	63
Other assets	1,664	242
Assets held in separate accounts	93,452	87,319
Total assets	133,590	126,648
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	32,970	33,127
Payable for securities purchased	219	26
Payables under securities loan agreements, including collateral held	835	208
Due to affiliates	115	125
Derivatives	188	216
Deferred income taxes	296	439
Other liabilities	437	291
Liabilities related to separate accounts	93,452	87,319
Total liabilities	128,512	121,751
Commitments and Contingencies (Note 9)
Shareholder's equity:
Common stock (100,000 shares authorized, 55,000 issued and outstanding as of 2021 and 2020, respectively; $50 par value per share)	3	3
Additional paid-in capital	3,191	2,873
Accumulated other comprehensive income (loss)	1,558	1,882
Retained earnings (deficit)	326	139
Total shareholder's equity	5,078	4,897
Total liabilities and shareholder's equity	133,590	126,648
Debt Securities, Trading, Restricted	4	0
Collateral Pledged
Investments:
Securities pledged (amortized cost of $792 as of 2021 and $169 as of 2020)	$ 902	$ 220