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SCHEDULE II – CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT - CONDENSED STATEMENTS OF OPERATIONS (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Net investment income $ 993 $ 638 $ 745
Net gains (losses) on investments (180) (982) 501
Other income (expense) (11) (6) 23
Total revenues 9,337 7,526 8,448
CLAIMS AND EXPENSES:      
Interest expense 134 101 70
Corporate expense 18 26 33
Total claims and expenses 8,156 8,083 7,457
INCOME (LOSS) BEFORE TAXES 1,181 (557) 991
Income tax expense (benefit) 210 (112) 192
NET INCOME (LOSS) 972 (445) 800
COMPREHENSIVE INCOME (LOSS) 1,533 (1,384) 623
Parent Company      
REVENUES:      
Net investment income 19 47 39
Net gains (losses) on investments 10 (704) 329
Other income (expense) 1 (3) 0
Net income (loss) of subsidiaries 987 114 551
Total revenues 1,086 (488) 954
CLAIMS AND EXPENSES:      
Interest expense 104 97 69
Corporate expense 15 10 18
Total claims and expenses 119 107 86
INCOME (LOSS) BEFORE TAXES 967 (595) 867
Income tax expense (benefit) (5) (150) 68
NET INCOME (LOSS) 972 (445) 800
Total other comprehensive income (loss), net of tax 561 (939) (177)
COMPREHENSIVE INCOME (LOSS) 1,533 (1,384) 623
Affiliated Entity      
REVENUES:      
Net investment income $ 67 $ 57 $ 34