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Condensed Consolidated Balance Sheets Parenthetical - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Securities pledged, amortized costs $ 875 $ 894
Common stock, par value $ 50  
Common stock, shares issued 55,000  
Fixed maturities, amortized cost $ 21,255 22,218
Common stock, shares authorized 100,000  
Available-for-sale, Debt Securities, Excluding Securities Valued at Fair Value Option $ 19,051 19,772
Fixed maturities, at fair value using the fair value option 1,311 1,255
Equity Securities, FV-NI, Current 127 133
Other Short-Term Investments 1 248
Mortgage loans on real estate, net 4,139 4,213
Policy loans 159 159
Limited partnerships/corporations 1,075 1,043
Derivatives 349 322
Other investments 131 132
Investments 27,132 28,069
Cash and cash equivalents 444 220
Short-term investments under securities loan agreements, including collateral delivered 875 939
Accrued investment income 286 289
Premiums and Other Receivables, Net 2,938 3,032
Deferred policy acquisition costs and Value of business acquired 928 938
Deferred Income Tax Assets, Net 702 774
Other assets (net of allowance for credit loss of $0 as of 2023 and 2022) 1,643 1,681
Assets held in separate accounts 86,069 77,639
Total assets 121,017 113,581
Future policy benefits and contract owner account balances 31,870 32,942
Payables under securities loan agreements, including collateral held 876 921
Derivatives 347 331
Other liabilities 726 687
Liabilities related to separate accounts 86,069 77,639
Liabilities 120,012 112,654
Common Stock, Value, Issued 3 3
Additional paid-in capital 2,770 2,778
Accumulated other comprehensive income (loss) (1,869) (2,067)
Retained earnings (deficit) 101 213
Total shareholder's equity 1,005 927
Liabilities and Equity 121,017 113,581
Allowance for Credit Loss, Receivable, Other, Current 0  
Reinsurance Recoverable, Allowance for Credit Loss 0  
Debt Securities, Available-for-sale, Allowance for Credit Loss 12 7
Less: Allowance for credit losses $ 23 $ 14