Talcott Resolution Life Insurance POS AM 20 Apr 22 Prospectus update (post-effective amendment) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021
Cover [Abstract]
Entity Registrant Name	TALCOTT RESOLUTION LIFE INSURANCE COMPANY
Entity Central Index Key	0000045947
Document Type	S-1
Amendment Flag	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Fee income and other	$ 410	$ 438	$ 741	$ 821
Earned premiums	31	24	35	42
Net investment income	498	534	816	924
Net realized capital losses	(20)	(242)	(74)	(275)
Amortization of deferred gains	0	26	53	59
Total revenues	919	780	1,571	1,571
Benefits, losses and expenses
Benefits, loss and loss adjustment expenses	285	375	626	760
Amortization of value of business acquired ("VOBA")	90	(43)	50	(25)
Insurance operating costs and other expenses	208	228	364	423
Other intangible asset amortization	3	3	6	5
Dividends to policyholders	2	1	60	5
Total benefits, losses and expenses	588	564	1,106	1,168
Income before income taxes	331	216	465	403
Provision for income taxes	51	30	66	44
Net income	$ 280	$ 186	$ 399	$ 359

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 280	$ 186	$ 399	$ 359
Other comprehensive income (loss) ("OCI"):
Change in net unrealized gain on fixed maturities	(10)	(275)	565	890
Change in net gain on cash flow hedging instruments	0	1	(1)	0
Change in foreign currency translation adjustments	0	0	0	(2)
OCI, net of tax	(10)	(274)	564	888
Comprehensive income (loss)	$ 270	$ (88)	$ 963	$ 1,247

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investments:
Fixed maturities, available-for-sale, at fair value (net of ACL of $0 - Successor Company and $1 - Predecessor Company) (amortized cost of $20,986 - Successor Company and $13,137 - Predecessor Company)	$ 20,971	$ 14,875
Equity securities, at fair value	203	65
Mortgage loans (net of ACL of $12 - Successor Company and $17 - Predecessor Company)	2,131	2,092
Policy loans, at outstanding balance	1,484	1,452
Limited partnerships and other alternative investments	1,147	999
Other investments	26	24
Short-term investments	1,254	802
Total investments	27,216	20,309
Cash	49	40
Premiums receivable and agents’ balances, net	4	10
Reinsurance recoverables (net of ACL of $37 - Successor Company and $7 - Predecessor Company)	35,848	27,455
VOBA	479	586
Deferred income taxes, net	603	478
Goodwill and other intangible assets	161	40
Other assets	412	345
Separate account assets	111,592	109,625
Total assets	176,364	158,888
Liabilities
Reserve for future policy benefits	21,698	18,625
Other policyholder funds and benefits payable	32,622	25,307
Funds withheld liability	6,379	0
Other liabilities	1,920	2,146
Separate account liabilities	111,592	109,625
Total liabilities	174,211	155,703
Commitments and Contingencies
Stockholder’s Equity
Common stock—1,000 shares authorized, issued and outstanding, par value $5,690	6	6
Additional paid-in capital	1,877	1,761
Accumulated other comprehensive (loss) income, net of tax	(10)	1,281
Retained earnings	280	137
Total stockholder’s equity	2,153	3,185
Total liabilities and stockholder’s equity	$ 176,364	$ 158,888

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
ACL	$ 0	$ 1
Available-for-sale, amortized cost	20,986	13,137
ACL on mortgage loans	12	17
ACL on reinsurance recoverables	$ 37	$ 7
Common Stock, Shares Authorized	1,000	1,000
Common Stock, Shares, Issued	1,000	1,000
Common Stock, Shares, Outstanding	1,000	1,000
Common Stock, Par or Stated Value Per Share	$ 5,690	$ 5,690

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholder's Equity - USD ($) $ in Millions	Total	Cumulative effect of accounting changes, net of tax	Adjusted balance	Common Stock	Common StockAdjusted balance	Additional Paid-In Capital	Additional Paid-In CapitalAdjusted balance	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive LossAdjusted balance	Retained Earnings	Retained EarningsCumulative effect of accounting changes, net of tax	Retained EarningsAdjusted balance
Beginning balance at Dec. 31, 2018	$ 2,005			$ 6		$ 1,761		$ (171)		$ 409
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	359									359
OCI, net of tax	888							888
Dividends paid	(700)									(700)
Ending balance at Dec. 31, 2019	2,552	$ (11)	$ 2,541	6	$ 6	1,761	$ 1,761	717	$ 717	68	$ (11)	$ 57
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	399									399
OCI, net of tax	564							564
Dividends paid	(319)									(319)
Ending balance at Dec. 31, 2020	3,185			6		1,761		1,281		137
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	186									186
OCI, net of tax	(274)							(274)
Capital contribution to parent	(235)					(235)
Dividends paid	(265)									(265)
Ending balance at Jun. 30, 2021	2,597			6		1,526		1,007		58
Beginning balance at Jul. 01, 2021	1,883			6		1,877		0		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	280									280
OCI, net of tax	(10)							(10)
Ending balance at Dec. 31, 2021	$ 2,153			$ 6		$ 1,877		$ (10)		$ 280

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income	$ 280	$ 186	$ 399	$ 359
Adjustments to reconcile net income to net cash provided by (used for) operating activities
Net realized capital losses	20	242	74	275
Amortization of deferred reinsurance gain	0	(26)	(53)	(59)
Amortization of VOBA	(90)	43	(50)	25
Depreciation and amortization	102	38	69	51
Other operating activities, net	106	38	259	205
Change in assets and liabilities:
Increase in reinsurance recoverables	(63)	(134)	(331)	(272)
Decrease in deferred income taxes	138	29	54	51
Increase (decrease) for future policy benefits and unearned premiums	(40)	63	160	141
Net changes in other assets and other liabilities	(132)	51	185	(169)
Net payments for reinsurance transactions	(877)	0	0	0
Net cash (used for) provided by operating activities	(376)	444	866	557
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	2,976	1,622	2,824	3,498
Equity securities, at fair value	47	3	7	213
Mortgage loans	294	158	373	257
Partnerships	102	71	77	134
Payments for the purchase of:
Fixed maturities, available-for-sale	(1,974)	(1,197)	(2,866)	(2,589)
Equity securities, at fair value	(121)	(45)	(26)	(5)
Mortgage loans	(207)	(177)	(242)	(413)
Partnerships	(100)	(74)	(134)	(156)
Payments for repurchase agreements program	(11)		(16)
Proceeds from repurchase agreements program		8		19
Net proceeds from (payments for) derivatives	(161)	(539)	143	(272)
Net increase (decrease) in policy loans	9	(32)	15	(26)
Net proceeds from (payments for) short-term investments	(314)	200	(234)	288
Other investing activities, net	0	0	(10)	8
Net cash provided by (used for) investing activities	540	(2)	(89)	956
Financing Activities
Deposits and other additions to investment and universal life-type contracts	872	1,001	1,971	2,168
Withdrawals and other deductions from investment and universal life-type contracts	(4,766)	(4,862)	(9,627)	(11,074)
Net transfers from separate accounts related to investment and universal life-type contracts	3,598	3,659	7,117	8,202
Net increase (decrease) in securities loaned or sold under agreements to repurchase	131	270	(7)	(204)
Dividend paid on shares outstanding	0	(265)	(319)	(700)
Return of capital to parent	0	(235)	0	0
Net cash used for financing activities	(165)	(432)	(865)	(1,608)
Foreign exchange rate effect on cash	0	0	0	2
Net increase (decrease) in cash	(1)	10	(88)	(93)
Cash — beginning of period		40	128	221
Cash — end of period	49	50	40	128
Supplemental Disclosure of Cash Flow Information:
Income taxes received (paid)	$ (13)	$ 2	$ 0	$ 25

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation Talcott Resolution Life Insurance Company, together with its consolidated subsidiaries, (collectively, "TL," the "Company," "we" or "our") is a provider of insurance and investment products in the United States of America ("U.S.") and is a wholly-owned subsidiary of TR Re, Ltd. ("TR Re"), a Bermuda based entity. Talcott Resolution Life, Inc. ("TLI"), a Delaware corporation, and Hopmeadow Holdings, LP ("Hopmeadow Holdings," or "HHLP") are indirect parents of the Company. The Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”), which differ materially from the accounting practices prescribed by various insurance regulatory authorities. On June 30, 2021, the Company's indirect owner, Hopmeadow Holdings GP LLC, completed the sale of the Company (the "Sixth Street Acquisition") through the merger of an affiliate of Sixth Street, a global investment firm, with and into HHLP pursuant to an Agreement and Plan of Merger (the “Agreement"). Through the Agreement, Sixth Street obtained 100% control of TLI and its life and annuity operating subsidiaries for a total purchase price of approximately $2.25 billion, comprised of a $500 pre-closing dividend and cash of $1.734 billion. The merger was accounted for by using business combination accounting together with an election to apply pushdown accounting. Under this method, the purchase price paid by the investment firm was assigned to the identifiable assets acquired and liabilities assumed as of the acquisition date based on their fair value. Determining the fair value of certain assets acquired and liabilities assumed is judgmental in nature and often involves the use of significant estimates and assumptions. TL's financial statements and footnote disclosures are presented into two distinct periods. The periods prior to the consummation of the Agreement are labeled ("Predecessor Company") and the period subsequent to that date is labeled ("Successor Company") to distinguish between the different basis of accounting between the periods presented. As a result of the application of pushdown accounting, the financial statements for the period of July 1, 2021 to December 31, 2021, are not comparable to the prior periods presented. In addition, as a result of the acquisition the Company conformed to Sixth Street's accounting policies and modified its presentation for certain transactions. On September 17, 2021, the Company executed a flow reinsurance transaction with Lincoln National Corporation's ("Lincoln") insurance subsidiary, The Lincoln National Life Insurance Company. Under this reinsurance transaction, the Company coinsured a living benefit rider on variable annuity contracts issued by Lincoln between April 1, 2021 through June 30, 2022 up to a maximum of $1.5 billion of reinsured deposits. Lincoln will continue to service and administer the policies as insurer of the business. On December 30, 2021, the Company entered into a reinsurance agreement with Allianz Life Insurance Company of North America ("Allianz"). Pursuant to such agreement, the Company assumed 100% of a block of fixed indexed annuities ("FIA") and 5% of another block of FIAs on a coinsurance basis. Certain of the FIAs included living withdrawal benefits. The Company acquired general account assets to support the assumed reserves and paid $693 to Allianz upon closing, primarily relating to a ceding commission of $866, offset by cash settlements. Under the reinsurance agreement, the Company will participate in an aggregated hedging pool administered by Allianz, whereby the Company will pay Allianz a fee in order to participate in the pool and will receive an index credit payout based on the level of participation in the pool. This reinsurance transaction was accounted for in accordance with reinsurance accounting. Under this method, a deferred gain on reinsurance was recorded in other liabilities upon the effective date for approximately $25 and will be recognized in income over the expected life of the underlying policies. Allianz will continue to service and administer the policies as insurer of the business. On December 30, 2021, the Company entered into an affiliated reinsurance agreement with its parent TR Re. Pursuant to such reinsurance agreement, the Company generally ceded 50% of reserves related to variable annuity and payout annuity blocks, with 100% of certain variable annuity guarantees and certain structured settlement contracts ceded at a lesser quota share percentage. All but the Company’s terminal funding block was ceded on a modified coinsurance basis, with the pension risk transfer block ceded on a coinsurance with funds withheld basis. The reinsured business ceded was the Company's direct written business and was not previously assumed. This affiliate reinsurance transaction was accounted for in accordance with reinsurance accounting. Under this method, a deferred gain on reinsurance was recorded in other liabilities for approximately $805 and will be recognized in income over the expected life of the underlying policies. The Company will continue to service and administer the policies as insurer of the reinsured block of business and will remain responsible for fulfilling its obligations to policyholders. The Company paid TR Re $100 in ceding commission and an additional $84 to settle tax balances associated with the transaction as part of the arrangement. On November 18, 2021, TLI received approval from the Connecticut Department of Insurance ("CTDOI") to contribute the Company to TR Re. On December 30, 2021, TLI contributed the Company to TR Re and TR Re subsequently became the Company's direct parent. TR Re was formed on June 28, 2021 and is an approved Class E insurer under the Bermuda Monetary Authority. In conjunction with the sale from The Hartford Financial Services Group ("The Hartford") in 2018, the Company entered into a five year transition services agreement with The Hartford to provide general ledger, cash management, investment accounting and information technology infrastructure services. In March 2019, the Company converted its existing transition services agreement for investment accounting services into an administrative service agreement, which expires in May 2023. The transition services agreement with The Hartford for the remaining services ended in 2020, as those services had fully transitioned to the Company. COVID-19 Update The impact of the outbreak and continuing spread of the novel coronavirus ("COVID-19") and the related disruption to the worldwide economy continues to affect companies across all industries. For the period of July 1, 2021 to December 31, 2021 (Successor Company), the six months ended June 30, 2021 (Predecessor Company) and the year ended December 31 2020 (Predecessor Company), the COVID-19 pandemic did have varying impacts on components of revenue, however, there was no material impact on the Company's results of operations attributable to the COVID-19 pandemic. The duration and impact of the COVID-19 public health crisis on financial markets, overall economy and our operations remain uncertain, as is the efficacy of government and central bank interventions. The Company continues to operate in a fully remote work environment with minimal disruption to our operations. As further discussed in this document, the Company’s financial performance is dependent on financial market conditions and potential newly emergent trends in mortality and policyholder behavior as a result of the COVID-19 public health crisis. As such, the Company continues to be unable to quantify its impact on the financial results and operations in future periods. Consolidation The Consolidated Financial Statements include the accounts of TL and entities the Company directly or indirectly has a controlling financial interest in which the Company is required to consolidate. Entities in which TL has significant influence over the operating and financing decisions but is not required to consolidate are reported using the equity method. All intercompany transactions and balances between TL and its subsidiaries have been eliminated. Use of Estimates The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. The most significant estimates include those used in determining estimated gross profits ("EGPs") used in the valuation and amortization of assets (including Value of Business Acquired ("VOBA") and liabilities associated with variable annuity, FIAs and other universal life-type contracts, as well as any deferred reinsurance amounts; evaluation of credit losses on fixed maturities, available for sale ("AFS") and allowance for credit losses ("ACL") on mortgage loans; living benefits required to be fair valued; deferred gain or cost related to reinsurance transactions; valuation of investments and derivative instruments; valuation allowance on deferred tax assets; evaluation of goodwill and other intangible assets for impairment; amortization of the deferred gain on reinsurance; and contingencies relating to corporate litigation and regulatory matters. Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets and could have a material impact on the Consolidated Financial Statements. The ultimate extent to which the COVID-19 pandemic will directly impact the Company's business, results of operations and financial condition will depend on future developments that are highly uncertain. Pushdown Accounting The table below shows the main balance sheet line items impacted in pushdown accounting for the Sixth Street Acquisition, as of July 1, 2021: Cash and invested assets $ 19,711 VOBA 565 Deferred income taxes 737 Goodwill 97 Other intangible assets 67 Reinsurance recoverables and other assets 29,442 Separate account assets 112,857 Total assets 163,476 Reserves for future policy benefits 21,122 Other policyholder funds and benefits payable 25,961 Other liabilities 1,653 Separate account liabilities 112,857 Total liabilities 161,593 Equity 1,883 Total liabilities and stockholder's equity $ 163,476 The Successor Company's assets and liabilities are recognized based on Sixth Street's accounting basis, with an offset to additional paid-in capital. In addition, retained earnings and accumulated other comprehensive income ("AOCI") of the Predecessor Company are not carried forward, as a new basis of accounting has been established. Goodwill Goodwill represents the excess of the acquisition cost of an acquired business over the fair value of assets acquired and liabilities assumed. Goodwill is not amortized but is tested for impairment at the entity or reporting unit level annually or when events or circumstances arise, such as adverse changes in the business climate, that would more likely than not reduce the fair value of the entity or a reporting unit below its carrying value. Our methodology for conducting this goodwill impairment testing contains both a qualitative and quantitative assessment. The Company has the option to initially perform an assessment of qualitative factors in order to determine whether it is more likely than not that the fair value of the entity or a reporting unit is less than its carrying amount. The qualitative factors may include, but are not limited to, economic conditions, industry and market considerations, cost factors, overall financial performance of the entity or a reporting unit and other company and entity-level or reporting unit-specific events. If it is determined that it is more likely than not that the fair value of the entity or reporting unit is less than its carrying amount, we then perform the impairment evaluation using a more detailed quantitative assessment. If the carrying values of the entity or reporting units were to exceed their fair value under that quantitative assessment, the amount of the impairment would be calculated and goodwill would be adjusted accordingly. The Company could directly perform this quantitative assessment, bypassing the qualitative assessment and perform a quantitative impairment test. For a discussion of goodwill from the Sixth Street Acquisition, see Note 7 - Goodwill and Other Intangible Assets. Intangible Assets Intangible assets with definite lives are amortized over the estimated useful life of the asset. Amortizing intangible assets primarily consist of internally developed software amortized over a period not to exceed seven Investments In pushdown accounting, the acquired investments are recorded at fair value through adjustments to additional paid-in capital at the acquisition date. Value of Business Acquired/Additional Reserves In conjunction with the acquisition of the Company, a portion of the purchase price was allocated to the right to receive future gross profits from cash flows and earnings of the Company's insurance and investment contracts as of the date of the Sixth Street Acquisition. This intangible asset is called VOBA and is based on the actuarially estimated present value of future cash flows from the Company's insurance and investment contracts in-force as of the date of the transaction. The estimated fair value calculation of VOBA is based on certain assumptions, including equity market returns, mortality, persistency, expenses, discount rates, and other factors that the Company expects to experience in future years. Actual experience on the acquired contracts may vary from these projections and the recovery of VOBA is dependent upon the future profitability of the related business. The Company amortizes VOBA over estimated gross profits and it is reviewed for recoverability quarterly. The fair value of certain acquired obligations of the Company exceeded the book value of assumed in-force policy liabilities resulting in additional reserve liabilities. In pushdown accounting these liabilities were increased to fair value, which is presented separately from VOBA as an additional insurance liability in reserves for future policy benefits and other policyholder funds and benefits payable. The additional liability is amortized to income over the life of the underlying policies. Adoption of New Accounting Standards Financial Instruments - Credit Losses On January 1, 2020, the Company adopted Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, ("ASU 2016-13", or "CECL") together with related updated guidance for recognition and measurement of credit losses on certain financial instruments not carried at fair value, including reinsurance recoverables. This guidance replaces the “incurred loss” approach with an “expected loss” model for recognizing credit losses for instruments carried at amortized cost, which resulted in the recognition of greater allowances for losses. Under the new model, an ACL is recognized as an estimate of credit losses expected over the life of financial instruments, such as mortgage loans, reinsurance recoverables and off-balance sheet credit exposures that the Company cannot unconditionally cancel. The measurement of the expected credit loss estimate is based on historical loss data, current conditions, and reasonable and supportable forecasts. Credit losses on fixed maturities, AFS carried at fair value continue to be measured similar to previous guidance for other-than-temporary impairments ("OTTI"); however, losses are now recognized through the ACL and no longer as an adjustment to the amortized cost. Recoveries of OTTI on fixed maturities, AFS are recognized as reversals of the ACL recognized through net realized capital gains and losses and no longer accreted as net investment income through an adjustment to the investment yield. For fixed maturities, AFS this guidance is applied prospectively. Additionally, the new guidance requires purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance to establish an ACL at acquisition, which is recorded with the purchase price to establish the initial amortized cost of the investment. The Company adopted the guidance through a cumulative-effect adjustment that decreased retained earnings by $11 million, after tax, primarily related to the Company's mortgage loan investments. No ACL was recognized at adoption for fixed maturities, AFS as those provisions of the guidance are applied prospectively. Upon adoption, the Company did not have any purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance. Summary of Adoption Impacts ACL on mortgage loans $ (9) ACL on reinsurance recoverables (5) Deferred income tax assets 3 Net decrease to retained earnings $ (11) Future Adoption of New Accounting Standards Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The Financial Accounting Standards Board ("FASB") issued ASU 2021-08 Accounting for Contract Assets and Contract Liabilities from Contracts with Customers in October 2021, which requires acquiring entities to apply Topic 606, Revenue from Contracts with Customers upon recognizing and measuring contract assets and liabilities in a business combination. This update is intended to improve comparability after a business combination, by providing consistent recognition and measurement of revenue contracts with customers acquired and not acquired in a business combination. ASU 2021-08 is effective for annual periods beginning after December 15, 2022 and interim periods within those annual periods, with early adoption permitted. The amendments in this ASU should be applied prospectively. We expect to adopt the provisions of this ASU in the first quarter of 2023 and do not expect it to have a material impact on the Company. Targeted Improvements to the Accounting for Long Duration Contracts The FASB issued ASU 2018-12 Targeted Improvements to the Accounting for Long-Duration Contracts ("ASU 2018-12") in August 2018, which impacts the existing recognition, measurement, presentation and disclosure requirements for certain long duration contracts issued by an insurance company. The guidance is intended to improve the timeliness of recognizing changes in the liability for future policy benefits ("LFPB"), by requiring annual or more frequent updates of insurance assumptions and modifying rates used to discount future cash flows. Further, the guidance seeks to improve the accounting for certain market-based options or guarantees associated with account balance contracts and improve the effectiveness of the required disclosures. This guidance was amended through the issuance of ASU 2020-11, which deferred the effective date the Company is required to adopt the guidance to January 1, 2023, with early adoption permitted. The Company continues to assess its policies, processes, and applicable systems to determine the impact on the Company's operations and financial results. While it is not possible to reasonably estimate the expected impact of the new standard at this time due to the nature and extent of the required changes to a significant portion of the Company’s operations, we anticipate an increase to AOCI, upon adoption. This is due to the application and pushdown of purchase accounting associated with the Sixth Street Acquisition, which employed lower discount rates for the fair value calculations than the required discount rates to value the cash flows on the insurance liabilities under the new guidance. This standard represents a significant change from existing U.S. GAAP, however, it does not change the underlying economics of the business or its related cash flows. The Company has a transition date, the date of the Sixth Street Acquisition, and selected the modified retrospective transition method, with the potential exception of market risk benefits ("MRB"), which are required to be adopted on a retrospective basis. Additionally, the Company is reviewing the impact of its recent reinsurance transactions under the new standard. As part of working toward implementation of the updated standard, the Company has made progress on key accounting policy decisions, including processes to identify insurance policy groupings for LFPB measurement, applicable discount rates, development of liability cash flow and claim expense assumptions, and VOBA amortization methodology. Long duration insurance contracts issued by the Company will be grouped into separate cohorts based on the product type and annual contract issue date. Cash flow assumptions underlying insurance liabilities will be evaluated at least annually in the same fiscal quarter each year as to whether an update is needed. Under the new guidance, the Company will update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in net income. Cash flows are required to be discounted with an upper-medium grade (or low credit risk) fixed-income instrument yields, with the effect of discount rate changes on the liability recorded in OCI. The discount rate utilized is intended to reflect the duration characteristics of the corresponding insurance liabilities. The Company will obtain yield curves and spreads for a range of tenors to determine spot yields to discount the cash flows of the insurance liabilities as of each valuation date. This is a change from current U.S. GAAP which utilizes assumptions, including discount rates "locked in" at policy issuance and until such time significant changes in experience or assumptions may require the Company to establish premium deficiency reserves. When this occurs, premium deficiency reserves are recognized by unlocking reserve assumptions to eliminate a reserve deficiency under current U.S. GAAP. The Company currently offers and assumes certain guarantees and product features on variable annuity and FIA products, which protect the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk.These MRB features are required to be measured at fair value with changes in fair value recorded in net income, with the exception of the changes in MRB liabilities attributable to a change in an entity's nonperformance risk, which is required to be recognized in OCI. For any assumed products, the portion of the change in MRBs attributable to changes in the reinsurer's nonperformance risk is recognized in income. The Company will maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the MRBs upon adoption. VOBA and other balances are expected to be amortized on a constant-level basis over the expected remaining term of the related contracts. As annuities do not have a face amount, the constant level basis used is expected to be based on the number of policies in-force. Additionally, ASU 2018-12 requires certain enhanced presentation and disclosures including disaggregated rollforwards for LFPB, policyholder account balances, MRBs, separate account liabilities, deferred acquisition costs, and information about significant inputs, judgments and methods used in the measurement. Significant Accounting Policies The Company’s significant accounting policies are as follows: Segment Information The Company has no reportable segments and its principal products and services are comprised of variable annuities, fixed and payout annuities, FIAs and private-placement life insurance. The Company's determination that it has no reportable segments is based on the fact that the Company's chief operating decision maker reviews the Company's financial performance at a consolidated level. Revenue Recognition For investment and universal life-type contracts, the amounts collected from policyholders are considered deposits and are not included in revenue. Fee income for variable annuity and other universal life-type contracts consists of policy charges for policy administration, cost of insurance charges and surrender charges assessed against policyholders’ account balances and are recognized in the period in which services are provided. For the Company’s traditional life products, premiums are recognized as revenue when due from policyholders. Income Taxes The Company recognizes taxes payable or refundable for the current year and deferred taxes for the tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years the temporary differences are expected to reverse. A deferred tax provision is recorded for the tax effects of differences between the Company's current taxable income and its income before tax under U.S. GAAP in the Consolidated Statements of Operations. For deferred tax assets, the Company records a valuation allowance that is adequate to reduce the total deferred tax asset to an amount that will more likely than not be realized. Investments Overview The Company’s investments in fixed maturities include bonds, structured securities, redeemable preferred stock and commercial paper. Most of these investments are classified as AFS and are carried at fair value, net of ACL, in accordance with new guidance adopted January 1, 2020 regarding expected credit losses. The after-tax difference between fair value and cost or amortized cost is reflected in stockholder's equity as a component of AOCI, after adjustments for the effect of VOBA and reserve adjustments. Equity securities are measured at fair value with any changes in valuation reported in net income. Policy loans are carried at outstanding balance. Mortgage loans are recorded at the outstanding principal balance adjusted for amortization of premiums or discounts and net of ACL. Short-term investments are carried at amortized cost, which approximates fair value. Limited partnerships and other alternative investments are reported at their carrying value and are primarily accounted for under the equity method with the Company’s share of earnings included in net investment income. Recognition of income related to limited partnerships and other alternative investments is delayed due to the availability of the related financial information, as private equity and other funds are generally on a three-month lag and hedge funds generally on a one-month lag. Accordingly, income for period of July 1, 2021 to December 31, 2021 (Successor Company) and the period of January 1, 2021 to June 30, 2021 (Predecessor Company) and the years ended December 31, 2020 and 2019 (Predecessor Company), respectively, may not include the full impact of current year changes in valuation of the underlying assets and liabilities of the funds, which are generally obtained from the limited partnerships and other alternative investments’ general partners. Other investments consist of derivative instruments which are carried at fair value and real estate acquired in satisfaction of debt. Net Realized Capital Gains and Losses Net realized capital gains and losses from investment sales are reported as a component of revenues and are determined on a specific identification basis. Net realized capital gains and losses also result from fair value changes in equity securities and derivatives contracts (both freestanding and embedded) that do not qualify, or are not designated, as a hedge for accounting purposes. Impairments and changes in the ACL on fixed maturities, AFS; mortgage loans; and reinsurance recoverables are recognized as net realized capital losses in accordance with the Company’s impairment and ACL policies as discussed in Note 3 - Investments of Notes to Consolidated Financial Statements. Foreign currency transaction remeasurements are also included in net realized capital gains and losses. Net Investment Income Interest income from fixed maturities, AFS and mortgage loans is recognized when earned on the constant effective yield method based on estimated timing of cash flows. The amortization of premium and accretion of discount for fixed maturities also takes into consideration call and maturity dates that produce the lowest yield. For securitized financial assets subject to prepayment risk, yields are recalculated and adjusted periodically to reflect historical and/or estimated future prepayments using the retrospective method; however, if these investments have previously recognized an ACL and for certain other asset-backed securities, any yield adjustments are made using the prospective method. Prepayment fees and make-whole payments on fixed maturities and mortgage loans are recorded in net investment income when earned. For equity securities, dividends are recognized as investment income on the ex-dividend date. Limited partnerships and other alternative investments primarily use the equity method of accounting to recognize the Company’s share of earnings. Prior to January 1, 2020, the Company applied OTTI guidance to debt securities in an unrealized loss position and accreted the new cost basis to the estimated future cash flows over the expected remaining life of the security by prospectively adjusting the security’s yield, if necessary. In accordance with accounting guidance adopted January 1, 2020 regarding expected credit losses, the losses are now recognized through an ACL and no longer as an adjustment to amortized cost. The Company’s non-income producing investments were not material for the period of July 1, 2021 to December 31, 2021 (Successor Company), the period of January 1 to June 30, 2021 (Predecessor Company) and the years ended December 31, 2020 and 2019 (Predecessor Company), respectively. Derivative Instruments Overview The Company utilizes a variety of over-the-counter ("OTC") transactions cleared through central clearing houses ("OTC-cleared") and exchange traded derivative instruments as part of its overall risk management strategy as well as to enter into replication transactions. The types of instruments may include swaps, caps, floors, forwards, futures and options to achieve one of four Company-approved objectives: • to hedge risk arising from interest rate, equity market, commodity market, credit spread and issuer default, price or currency exchange rate risk or volatility; • to manage liquidity; • to control transaction costs; • to enter into synthetic replication transactions. Interest rate and credit default swaps involve the periodic exchange of cash flows with other parties, at specified intervals, calculated using agreed upon rates or other financial variables and notional principal amounts. Generally, little to no cash or principal payments are exchanged at the inception of the contract. Typically, at the time a swap is entered into, the cash flow streams exchanged by the counterparties are equal in value. Interest rate cap and floor contracts entitle the purchaser to receive from the issuer at specified dates, the amount, if any, by which a specified market rate exceeds the cap strike interest rate or falls below the floor strike interest rate, applied to a notional principal amount. A premium payment determined at inception is made by the purchaser of the contract and no principal payments are exchanged. Forward contracts are customized commitments that specify a rate of interest or currency exchange rate to be paid or received on an obligation beginning on a future start date and are typically settled in cash. Financial futures are standardized commitments to either purchase or sell designated financial instruments, at a future date, for a specified price and may be settled in cash or through delivery of the underlying instrument. Futures contracts trade on organized exchanges. Margin requirements for futures are met by pledging securities or cash, and changes in the futures’ contract values are settled daily in cash. Option contracts grant the purchaser, for a premium payment, the right to either purchase from

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company carries certain financial assets and liabilities at estimated fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants. Our fair value framework includes a hierarchy that gives the highest priority to the use of quoted prices in active markets, followed by the use of market observable inputs, followed by the use of unobservable inputs. The fair value hierarchy levels are as follows: Level 1 Fair values based primarily on unadjusted quoted prices for identical assets, or liabilities, in active markets that the Company has the ability to access at the measurement date. Level 2 Fair values primarily based on observable inputs, other than quoted prices included in Level 1, or based on prices for similar assets and liabilities. Level 3 Fair values derived when one or more of the significant inputs are unobservable (including assumptions about risk). With little or no observable market, the determination of fair values uses considerable judgment and represents the Company’s best estimate of an amount that could be realized in a market exchange for the asset or liability. Also included are securities that are traded within illiquid markets and/or priced by independent brokers. The Company will classify the financial asset or liability by level based upon the lowest level input that is significant to the determination of the fair value. In most cases, both observable inputs (e.g., changes in interest rates) and unobservable inputs (e.g., changes in risk assumptions) are used to determine fair values that the Company has classified within Level 3. Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2021 (Successor Company) Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs Significant Unobservable Inputs (Level 3) Assets Accounted for at Fair Value on a Recurring Basis Fixed maturities, AFS Asset backed securities ("ABS") $ 258 $ — $ 258 $ — Collateralized loan obligations ("CLOs") 944 — 785 159 Commercial mortgage-backed securities ("CMBS") 2,335 — 2,059 276 Corporate 13,357 39 12,653 665 Foreign government/government agencies 362 — 362 — Municipal 1,456 — 1,455 1 Residential mortgage-backed securities ("RMBS") 811 — 737 74 U.S. Treasuries 1,448 127 1,321 — Total fixed maturities 20,971 166 19,630 1,175 Equity securities, at fair value 203 11 171 21 Derivative assets Credit derivatives 2 — 2 — Foreign exchange derivatives 7 — 7 — Interest rate derivatives 18 — 15 3 Macro hedge program 16 — (11) 27 Total derivative assets [1] 43 — 13 30 Short-term investments 1,254 744 435 75 Reinsurance recoverable for GMWB (8) — — (8) Separate account assets [2] 110,021 69,089 40,449 79 Total assets accounted for at fair value on a recurring basis $ 132,484 $ 70,010 $ 60,698 $ 1,372 Liabilities accounted for at fair value on a recurring basis Other policyholder funds and benefits payable FIA embedded derivative $ (655) $ — $ — $ (655) GMWB embedded derivative 80 — — 80 Total other policyholder funds and benefits payable (575) — — (575) Derivative liabilities Foreign exchange derivatives 2 — 2 — Interest rate derivatives (25) — (22) (3) Macro hedge program (229) — (14) (215) Total derivative liabilities [3] (252) — (34) (218) Modified coinsurance reinsurance contracts 15 — 15 — Total liabilities accounted for at fair value on a recurring basis $ (812) $ — $ (19) $ (793) Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2020 (Predecessor Company) Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs Significant Unobservable Inputs Assets Accounted for at Fair Value on a Recurring Basis Fixed maturities, AFS ABS $ 444 $ — $ 444 $ — CLOs 1,428 — 1,169 259 CMBS 1,215 — 1,161 54 Corporate 8,552 — 8,224 328 Foreign government/government agencies 266 — 266 — Municipal 875 — 875 — RMBS 769 — 615 154 U.S. Treasuries 1,326 117 1,209 — Total fixed maturities 14,875 117 13,963 795 Equity securities, at fair value 65 11 22 32 Derivative assets Foreign exchange derivatives (1) — (1) — Interest rate derivatives 6 — 4 2 Macro hedge program 7 — 7 — Total derivative assets [1] 12 — 10 2 Short-term investments 802 586 194 22 Reinsurance recoverable for GMWB 7 — — 7 Separate account assets [2] 108,748 67,679 40,609 20 Total assets accounted for at fair value on a recurring basis $ 124,509 $ 68,393 $ 54,798 $ 878 Liabilities accounted for at fair value on a recurring basis Other policyholder funds and benefits payable GMWB embedded derivative $ 21 $ — $ — $ 21 Total other policyholder funds and benefits payable 21 — — 21 Derivative liabilities Foreign exchange derivatives (1) — (1) — Interest rate derivatives (19) — (19) — Macro hedge program (460) — (19) (441) Total derivative liabilities [3] (480) — (39) (441) Modified coinsurance reinsurance contracts (93) — (93) — Total liabilities accounted for at fair value on a recurring basis $ (552) $ — $ (132) $ (420) [1] Includes derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements and applicable law. See footnote 3 to this table for derivative liabilities. [2] Approximately $1.6 billion and $877 of investment sales receivables, as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively, are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Included in the total fair value amount are $404 and $441 of investments, as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively, for which the fair value is estimated using the net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy. [3] Includes derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements and applicable law. Fixed Maturities, Equity Securities, Short-term Investments and Freestanding Derivatives Valuation Techniques The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar instruments. Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market expectations. The Company uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order: • Quoted prices, unadjusted, for identical assets or liabilities in active markets, which are classified as Level 1. • Prices from third-party pricing services, which primarily utilize a combination of techniques. These services utilize recently reported trades of identical, similar, or benchmark securities making adjustments for market observable inputs available through the reporting date. If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate. Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk. Most prices provided by third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable. However, some securities that are less liquid or trade less actively are classified as Level 3. Additionally, certain long-dated securities, such as municipal securities and bank loans, include benchmark interest rate or credit spread assumptions that are not observable in the marketplace and are thus classified as Level 3. • Internal matrix pricing is a valuation process internally developed for private placement securities for which the Company is unable to obtain a price from a third-party pricing service. Internal pricing matrices determine credit spreads that, when combined with risk-free rates, are applied to contractual cash flows to develop a price. The Company develops credit spreads using market based data for public securities adjusted for credit spread differentials between public and private securities, which are obtained from a survey of multiple private placement brokers. The market-based reference credit spread considers the issuer’s sector, financial strength, and term to maturity, using an independent public security index, while the credit spread differential considers the non-public nature of the security. Securities priced using internal matrix pricing are classified as Level 2 because the significant inputs are observable or can be corroborated with observable data. • Independent broker quotes, which are typically non-binding use inputs that can be difficult to corroborate with observable market based data. Brokers may use present value techniques using assumptions specific to the security types, or they may use recent transactions of similar securities. Due to the lack of transparency in the process that brokers use to develop prices, valuations that are based on independent broker quotes are classified as Level 3. The fair value of freestanding derivative instruments is determined primarily using a discounted cash flow model or option model technique and incorporates counterparty credit risk. In some cases, quoted market prices for exchange-traded and OTC cleared derivatives may be used and in other cases independent broker quotes may be used. The pricing valuation models primarily use inputs that are observable in the market or can be corroborated by observable market data. The valuation of certain derivatives may include significant inputs that are unobservable, such as volatility levels, and reflect the Company’s view of what other market participants would use when pricing such instruments. Unobservable market data is used in the valuation of customized derivatives that are used to hedge certain GMWB variable annuity riders. See the section “GMWB Embedded, Customized, and Reinsurance Derivatives” below for further discussion of the valuation model used to value these customized derivatives. Valuation Inputs Quoted prices for identical assets in active markets are considered Level 1 and consist of on-the-run U.S. Treasuries, money market funds, exchange-traded equity securities, open-ended mutual funds, certain short-term investments, and exchange traded futures and option contracts. Valuation Inputs Used in Levels 2 and 3 Measurements for Securities and Freestanding Derivatives Level 2 Level 3 Fixed Maturity Investments Structured securities (includes ABS, CLOs, CMBS and RMBS) • Benchmark yields and spreads Other inputs for ABS, CLOs, and RMBS: • Independent broker quotes Other inputs for less liquid securities or those that trade less actively, including subprime RMBS: Corporates • Benchmark yields and spreads Other inputs for investment grade privately placed securities that utilize internal matrix pricing: • Independent broker quotes Other inputs for below investment grade privately placed securities and private bank loans: U.S Treasuries, Municipals, and Foreign government/government agencies • Benchmark yields and spreads • Credit spreads beyond observable curve Equity Securities • Quoted prices in markets that are not active • For privately traded equity securities, internal discounted cash flow models utilizing earnings multiples or other cash flow assumptions that are not observable Short-term Investments • Benchmark yields and spreads • Independent broker quotes Derivatives Credit derivatives • Swap yield curve Not applicable Foreign exchange derivatives • Swap yield curve Not applicable Interest rate derivatives • Swap yield curve • Independent broker quotes Significant Unobservable Inputs for Level 3 - Securities As of December 31, 2021 (Successor Company) Assets Accounted for at Fair Value on a Recurring Basis Fair Value Predominant Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] CLOs [3] $ 159 Discounted cash flows Spread 234bps 258bps 257bps Decrease CMBS [3] 276 Discounted cash flows Spread (encompasses 203bps 637bps 303bps Decrease Corporate [4] 623 Discounted cash flows Spread 125bps 1,227bps 278bps Decrease RMBS [3] 65 Discounted cash flows Spread [6] 39bps 229bps 90bps Decrease Constant prepayment rate [6] 4% 16% 8% Decrease [5] Constant default rate [6] 1% 4% 3% Decrease Loss severity [6] —% 100% 64% Decrease As of December 31, 2020 (Predecessor Company) Assets accounted for at Fair Value on a Recurring Basis Fair Value Predominant Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] CLOs [3] $ 259 Discounted cash flows Spread 249bps 305bps 304bps Decrease CMBS [3] 49 Discounted cash flows Spread (encompasses 255bps 1,582bps 570bps Decrease Corporate [4] 269 Discounted cash flows Spread 116bps 1,210bps 304bps Decrease RMBS [3] 154 Discounted cash flows Spread [6] 7bps 592bps 119bps Decrease Constant prepayment rate [6] —% 10% 5% Decrease [5] Constant default rate [6] 2% 6% 3% Decrease Loss severity [6] —% 100% 81% Decrease [1] The weighted average is determined based on the fair value of the securities. [2] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. [3] Excludes securities for which the Company bases fair value on broker quotations. [4] Excludes securities for which the Company bases fair value on broker quotations; however, included are broker-priced lower-rated private placement securities for which the Company receives spread and yield information to corroborate the fair value. [5] Decrease for above market rate coupons and increase for below market rate coupons. [6] Generally, a change in the assumption used for the constant default rate would have been accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for constant prepayment rate and would have resulted in wider spreads. The tables below exclude certain securities for which fair values are predominately based on independent broker quotes. Significant Unobservable Inputs for Level 3 - Freestanding Derivatives As of December 31, 2021 (Successor Company) Fair Value Predominant Valuation Technique Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] Interest rate derivatives Interest rate swaps $ 3 Discounted cash flows Swap curve beyond 30 years 2% 2% 2% Decrease Interest rate swaptions (3) Option model Interest rate volatility 1% 1% 1% Increase Macro hedge program [3] [4] Equity options (195) Option model Equity volatility 17% 63% 28% Increase Interest rate swaption 7 Option model Interest rate volatility 1% 1% 1% Increase As of December 31, 2020 (Predecessor Company) Fair Value Predominant Valuation Technique Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] Interest rate derivatives Interest rate swaps $ 2 Discounted cash flows Swap curve beyond 30 years 1% 1% 1% Decrease Macro hedge program [3] [4] Equity options (471) Option model Equity volatility —% 53% 31% Increase Customized swaps 21 Discounted cash flows Equity volatility 16% 26% 19% Increase Interest rate swaption 9 Option model Interest rate volatility 1% 1% 1% Increase [1] The weighted average is determined based on the fair value of the securities. [2] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. Changes are based on long positions, unless otherwise noted. Changes in fair value will be inversely impacted for short positions. [3] Excludes derivatives for which the Company bases fair value on broker quotations. [4] Includes activity previously reported as GMWB hedging instruments. For further discussion please refer to the section GMWB Derivatives, net in Note 4 - Derivatives of Notes to Consolidated Financial Statements. GMWB and FIA Embedded, Customized and Reinsurance Derivatives GMWB Embedded Derivatives The Company formerly offered certain variable annuity products with GMWB riders that provide the policyholder with a GRB which is generally equal to premiums less withdrawals. If the policyholder’s account value is reduced to a specified level through a combination of market declines and withdrawals but the GRB still has value, the Company is obligated to continue to make annuity payments to the policyholder until the GRB is exhausted. When payments of the GRB are not life-contingent, the GMWB represents an embedded derivative carried at fair value reported in other policyholder funds and benefits payable on the Consolidated Balance Sheets with changes in fair value reported in net realized capital gains and losses. FIA Embedded Derivative The Company assumed through reinsurance FIA contracts that provide the policyholder with benefits that depend on the performance of market indices. Benefits in excess of contract guarantees represent an embedded derivative carried at fair value and reported in other policyholder funds and benefits payable on the Consolidated Balance Sheets with changes in fair value reported in net realized capital gains (losses). Freestanding Customized Derivatives The Company previously held freestanding customized derivative contracts to provide protection from certain capital markets risks for the remaining term of specified blocks of GMWB riders written on a direct basis. These customized derivatives are based on policyholder behavior assumptions specified at the inception of the derivative contracts. The Company retained the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices. These derivatives were reported on the Consolidated Balance Sheets within other investments or other liabilities, as appropriate, after considering the impact of master netting agreements. GMWB Reinsurance Derivative The Company has reinsurance arrangements with unaffiliated reinsurers in place to transfer a portion of its risk of loss due to GMWB. These arrangements are recognized as derivatives carried at fair value and reported in reinsurance recoverables on the Consolidated Balance Sheets. Changes in the fair value of the reinsurance agreements are reported in net realized capital gains and losses. Valuation Techniques Fair values for FIA and GMWB embedded derivatives, freestanding customized derivatives and reinsurance derivatives are classified as Level 3 in the fair value hierarchy and are calculated using internally developed models that utilize significant unobservable inputs because active, observable markets do not exist for these items. In valuing the GMWB embedded derivative, the Company attributes to the derivative a portion of the expected fees to be collected over the expected life of the contract from the contract holder equal to the present value of future GMWB claims. The excess of fees collected from the contract holder in the current period over the portion of fees attributed to the embedded derivative in the current period are associated with the host variable annuity contract and reported in fee income. Valuation Inputs The fair value for each of the non-life contingent GMWBs, FIA embedded derivative, the freestanding customized derivatives and the GMWB reinsurance derivative is calculated as an aggregation of the following components: Best Estimate Benefits; Credit Standing Adjustment; and Margins. The Company believes the aggregation of these components results in an amount that a market participant in an active liquid market would require, if such a market existed, to assume the risks associated with the guaranteed minimum benefits and the related reinsurance and customized derivatives. Each component described in the following discussion is unobservable in the marketplace and requires subjectivity by the Company in determining its value. Best Estimate Benefits The Best Estimate Benefits are calculated based on actuarial and capital market assumptions related to projected cash flows, including the present value of benefits and related contract charges, over the lives of the contracts, incorporating unobservable inputs including expectations concerning policyholder behavior. Credit Standing Adjustment The credit standing adjustment is an estimate of the adjustment to the fair value that market participants would require in determining fair value to reflect the risk that GMWB benefit obligations or the GMWB reinsurance recoverables will not be fulfilled. The Company incorporates a blend of estimates of peer company and reinsurer bond spreads and credit default spreads from capital markets, adjusted for market recoverability. Margins The behavior risk margin adds a margin that market participants would require, in determining fair value, for the risk that the Company’s assumptions about policyholder behavior could differ from actual experience. The behavior risk margin is calculated by taking the difference between adverse policyholder behavior assumptions and best estimate assumptions. Valuation Inputs Used in Levels 2 and 3 Measurements for GMWB and FIA Embedded, Customized and Reinsurance Derivatives Level 2 Level 3 • Risk-free rates as represented by the Eurodollar futures, LIBOR deposits and swap rates to derive forward curve rates • Correlations of 10 years of observed historical returns across underlying well-known market indices • Correlations of historical index returns compared to separate account fund returns • Equity index levels • Market implied equity volatility assumptions Assumptions about policyholder behavior, including: Significant Unobservable Inputs for Level 3 GMWB Embedded, Customized and Reinsurance Derivatives As of December 31, 2021 (Successor Company) Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Weighted Impact of Increase in Input Withdrawal utilization [2] —% 100% 62% Increase Withdrawal rates [3] 4% 8% 6% Increase Lapse rates [4] —% 48% 5% Decrease [8] Reset elections [5] —% 99% 8% Decrease [8] Equity volatility [6] 11% 25% 21% Increase Credit standing adjustment [7] 0.03% 0.15% 0.09% Decrease As of December 31, 2020 (Predecessor Company) Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Weighted Impact of Increase in Input Withdrawal utilization [2] —% 100% 62% Increase Withdrawal rates [3] 4% 8% 6% Increase Lapse rates [4] —% 55% 5% Decrease [8] Reset elections [5] —% 99% 8% Decrease [8] Equity volatility [6] 16% 28% 21% Increase Credit standing adjustment [7] 0.18% 0.45% 0.34% Decrease Significant Unobservable Inputs for Level 3 FIA Embedded Derivative As of December 31, 2021 (Successor Company) Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Weighted Average Impact of Increase in Input Withdrawal rates [3] —% 16% 2% Decrease Lapse rates [4] 1% 34% 6% Decrease Option budgets [9] 1% 4% 2% Increase Credit standing adjustment [7] 0.01% 0.08% 0.05% Decrease [1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. [2] Range represents assumed percentages of policyholders taking withdrawals. [3] Range represents assumed annual percentage of allowable amount withdrawn. [4] Range represents assumed annual percentages of policyholders electing a full surrender. [5] Range represents assumed annual percentages of eligible policyholders electing to reset their guaranteed benefit base. [6] Range represents implied market volatilities for equity indices based on multiple pricing sources. [7] Range represents Company credit spreads, adjusted for market recoverability. [8] The impact may be an increase for some contracts, particularly those with out of the money guarantees. [9] Range represents assumed annual budget for index options. Separate Account Assets Separate account assets are primarily invested in mutual funds. Other separate account assets include fixed maturities, limited partnerships, equity securities, short-term investments and derivatives that are valued in the same manner, and using the same pricing sources and inputs, as those investments held by the Company. For limited partnerships in which fair value represents the separate account’s share of the NAV, 40% and 43% were subject to significant liquidation restrictions as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively. Total limited partnerships that do not allow any form of redemption were 0% as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively. Separate account assets classified as Level 3 primarily include long-dated bank loans, subprime RMBS and commercial mortgage loans. Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs The Company uses derivative instruments to manage the risk associated with certain assets and liabilities. However, the derivative instrument may not be classified within the same fair value hierarchy level as the associated asset or liability. Therefore, the realized and unrealized gains and losses on derivatives reported in the Level 3 roll-forwards may be offset by realized and unrealized gains and losses of the associated assets and liabilities in other line items of the financial statements. The following table presents a reconciliation of the beginning and ending balances for fair value measurements for the period of July 1, 2021 to December 31, 2021 (Successor Company), for which the Company used significant unobservable inputs (Level 3): Fair Value Rollforwards for Financial Instruments Classified as Level 3 Total Realized/Unrealized Gains (Losses) Fair Value as of July 1, 2021 Included in Net Income [1] [2] [6] Included in OCI [3] Purchases Settlements Sales Transfers into Transfers out of Level 3 [4] Fair Value as of December 31, 2021 Assets Fixed maturities, AFS ABS $ 8 $ — $ — $ — $ — $ — $ — $ (8) $ — CLOs 248 — — 34 (64) — — (59) 159 CMBS 143 — (2) 136 (1) — — — 276 Corporate 460 3 (2) 245 (30) (11) — — 665 Municipal — — — — — — 1 — 1 RMBS 108 — — 29 (29) (19) — (15) 74 Total fixed maturities, AFS 967 3 (4) 444 (124) (30) 1 (82) 1,175 Equity securities, at fair value 33 20 — — (32) — — — 21 Freestanding derivatives Interest rate 2 2 — (4) — — — — — Total freestanding derivatives [5] 2 2 — (4) — — — — — Reinsurance recoverable for GMWB (6) (8) — — 6 — — — (8) Separate accounts 15 — — 71 — (5) 4 (6) 79 Short-term investments 14 — — 88 (27) — — — 75 Total assets $ 1,025 $ 17 $ (4) $ 599 $ (177) $ (35) $ 5 $ (88) $ 1,342 Liabilities Freestanding derivatives Macro hedge program $ (237) $ 153 $ — $ (1) $ (103) $ — $ — $ — $ (188) Total freestanding derivatives [5] (237) 153 — (1) (103) — — — (188) Other policyholder funds and benefits payable FIA embedded derivative — — — (655) — — — — (655) Guaranteed withdrawal benefits 77 29 — — (26) — — — 80 Total other policyholder funds and benefits payable 77 29 — (655) (26) — — — (575) Total liabilities $ (160) $ 182 $ — $ (656) $ (129) $ — $ — $ — $ (763) The following table presents a reconciliation of the beginning and ending balances for fair value measurements for the six months ended June 30, 2021 (Predecessor Company), for which the Company used significant unobservable inputs (Level 3): Fair Value Rollforwards for Financial Instruments Classified as Level 3 Total Realized/Unrealized Gains (Losses) Fair Value as of December 31, 2020 Included in Net Income [1] [2] [6] Included in OCI [3] Purchases Settlements Sales Transfers into Transfers out of Level 3 [4] Fair Value as of June 30, 2021 Assets Fixed maturities, AFS ABS $ — $ — $ — $ 10 $ — $ — $ — $ (2) $ 8 CLOs 259 — — 50 (36) — — (25) 248 CMBS 54 — 2 90 — — 2 (5) 143 Corporate 328 — (6) 132 (23) (9) 53 (15) 460 RMBS 154 — 1 5 (34) (15) — (3) 108 Total fixed maturities, AFS 795 — (3) 287 (93) (24) 55 (50) 967 Equity securities, at fair value 32 — — 1 — — — — 33 Freestanding derivatives Interest rate 2 — — — — — — — 2 Total freestanding derivatives [5] 2 — — — — — — — 2 Reinsurance recoverable for GMWB 7 (19) — — 6 — — — (6) Separate accounts 20 — — 2 — (4) 2 (5) 15 Short-term investments 22 — — 2 (10) — — — 14 Total assets $ 878 $ (19) $ (3) $ 292 $ (97) $ (28) $ 57 $ (55) $ 1,025 Liabilities Freestanding derivatives Macro hedge program $ (441) $ 385 $ — $ 12 $ (193) $ — $ — $ — $ (237) Total freestanding derivatives [5] (441) 385 — 12 (193) — — — (237) Other policyholder funds and benefits payable Guaranteed withdrawal benefits 21 82 — — (26) — — — 77 Total other policyholder funds and benefits payable 21 82 — — (26) — — — 77 Total liabilities $ (420) $ 467 $ — $ 12 $ (219) $ — $ — $ — $ (160) The following table presents a reconciliation of the beginning and ending balances for fair value measurements for the year ended December 31, 2020 (Predecessor Company), for which the Company used significant unobservable inputs (Level 3): Fair Value Rollforwards for Financial Instruments Classified as Level 3 Total Realized/Unrealized Gains (Losses) Fair Value as of December 31, 2019 Included in Net Income [1] [2] [6] Included in OCI [3] Purchases Settlements Sales Transfers into Transfers out of Level 3 [4] Fair Value as of December 31, 2020 Assets Fixed maturities, AFS ABS $ 13 $ — $ (1) $ 40 $ — $ — $ — $ (52) $ — CLOs 58 — 2 237 (28) — — (10) 259 CMBS 37 — (3) 18 — — 2 — 54 Corporate 387 2 12 51 (40) (24) 357 (417) 328 RMBS 247 — — 57 (64) (28) — (58) 154 Total fixed maturities, AFS 742 2 10 403 (132) (52) 359 (537) 795 Equity securities, at fair value 33 — — 1 — (2) — — 32 Freestanding derivatives Interest rate (2) 4 — — — — — — 2 GWMB hedging instruments 38 (38) — — — — — — — Total freestanding derivatives [5] 36 (34) — — — — — — 2 Reinsurance recoverable for GMWB 17 (21) — — 11 — — — 7 Separate accounts 23 — — 12 — (7) — (8) 20 Short-term investments 6 — — 22 (6) — — — 22 Total assets $ 857 $ (53) $ 10 $ 438 $ (127) $ (61) $ 359 $ (545) $ 878 Liabilities Freestanding derivatives Macro hedge program (113) (456) — 339 (211) — — — (441) Total freestanding derivatives [5] (113) (456) — 339 (211) — — — (441) Other policyholder funds and benefits payable Guaranteed withdrawal benefits 5 67 — — (51) — — — 21 Total other policyholder funds and benefits payable 5 67 — — (51) — — — 21 Total liabilities $ (108) $ (389) $ — $ 339 $ (262) $ — $ — $ — $ (420) [1] The Company classifies realized and unrealized gains (losses) on FIA and GMWB reinsurance derivatives and GMWB embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives. [2] Amounts in these columns are generally reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization. [3] All amounts are before income taxes and amortization. [4] Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs. [5] Derivative instruments are reported in this table on a net basis for asset (liability) positions and reported in the Consolidated Balance Sheets in other investments and other liabilities. [6] Includes both market and non-market impacts in deriving realized and unrealized gains (losses). Changes in Unrealized Gains (Losses) Included in Net Income for Financial Instruments Classified as Level 3 Still Held at End of Period [1] [2] Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Year Ended December 31,

Investments

Investments	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Investments	Investments Net Investment Income Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, (Before tax) 2020 2019 Fixed maturities [1] $ 174 $ 243 $ 518 $ 586 Equity securities 10 2 7 6 Mortgage loans 32 45 92 92 Policy loans 36 40 82 84 Limited partnerships and other alternative investments 259 216 130 161 Other [2] 1 1 13 19 Investment expense (14) (13) (26) (24) Total net investment income $ 498 $ 534 $ 816 $ 924 [1] Includes net investment income on short-term investments. [2] Includes income from derivatives that qualify for hedge accounting and hedge fixed maturities along with income on assets from the COLI block of business. Net Realized Capital Gains (Losses) Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, (Before tax) 2020 2019 Gross gains on sales $ 14 $ 55 $ 166 $ 67 Gross losses on sales (20) (8) (32) (18) Net realized gains (losses) on sales of equity securities 19 — — — Change in net unrealized gains (losses) on equity securities [1] (2) — 1 2 Net credit losses on fixed maturities, AFS [2] — — (1) Change in ACL on mortgage loans [3] — 6 (8) Intent-to-sell impairments — — (6) — Net other-than-temporary impairments ("OTTI") losses recognized in earnings (4) Results of variable annuity hedge program: GMWB derivatives, net 82 53 Macro hedge program (67) (243) (414) (418) Total results of variable annuity hedge program (67) (243) (332) (365) Transactional foreign currency revaluation — — 3 (4) Non-qualifying foreign currency derivatives 5 (2) (7) (4) Modified coinsurance reinsurance derivative contracts 15 22 (50) (55) Other, net [4] 16 (72) 192 106 Net realized capital losses $ (20) $ (242) $ (74) $ (275) [1] The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of December 31, 2021, were $(3) for the period of July 1, 2021 to December 31, 2021 (Successor Company). The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of June 30, 2021, were $1 for the six months ended June 30, 2021 (Predecessor Company). The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of December 31, 2020, were $4 for the year ended December 31, 2020 (Predecessor Company). The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of December 31, 2019 were $(2) for year ended December 31, 2019 (Predecessor Company). [2] Due to the adoption of accounting guidance for credit losses on January 1, 2020, realized capital losses previously reported as OTTI are now presented as credit losses which are net of any recoveries. For further information, refer to Note 1 - Basis of Presentation and Significant Accounting Policies. [3] Represents the change in ACL recorded during the period following the adoption of accounting guidance for credit losses on January 1, 2020. For further information, refer to Note 1 - Basis of Presentation and Significant Accounting Policies. [4] Includes gains (losses) on non-qualifying derivatives, excluding foreign currency derivatives, of $37 for the period of July 1, 2021 to December 31, 2021 (Successor Company), $(54) for the six months ended June 30, 2021 (Predecessor Company), and $149 and $54 for the years ended December 31, 2020 and 2019, respectively (Predecessor Company). Sales of AFS Securities Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Fixed maturities, AFS Sale proceeds $ 2,372 $ 1,007 $ 1,789 $ 2,541 Gross gains 14 55 165 67 Gross losses (16) (8) (31) (16) Sales of fixed maturities, AFS in 2021 were primarily a result of tactical changes to the portfolio driven by changing market conditions, in addition to duration and liquidity management. Accrued Interest Receivable on Fixed Maturities, AFS and Mortgage Loans As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company reported accrued interest receivable related to fixed maturities, AFS of $178 and $114, respectively, and accrued interest receivable related to mortgage loans of $6 and $7, respectively. These amounts are recorded in other assets on the Consolidated Balance Sheets and are not included in the carrying value of the fixed maturities or mortgage loans. The Company does not include the current accrued interest receivable balance when estimating the ACL. The Company has a policy to write-off accrued interest receivable balances that are more than 90 days past due. Write-offs of accrued interest receivable are recorded as a credit loss component of realized capital gains and losses. Interest income on fixed maturities and mortgage loans is accrued unless it is past due over 90 days or management deems the interest uncollectible. Recognition and Presentation of Intent-to-Sell Impairments and ACL on Fixed Maturities, AFS The Company will record an "intent-to-sell impairment" as a reduction to the amortized cost of fixed maturities, AFS in an unrealized loss position if the Company intends to sell or it is more likely than not that the Company will be required to sell the fixed maturity before a recovery in value. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value on the impairment date and the amortized cost basis of the fixed maturity before recognizing the impairment. When fixed maturities are in an unrealized loss position and the Company does not record an intent-to-sell impairment, the Company will record an ACL, through net realized capital gains and losses, for the portion of the unrealized loss due to a credit loss. Any remaining unrealized loss on a fixed maturity after recording an ACL is the non-credit amount and is recorded in OCI. The ACL is the excess of the amortized cost over the greater of the Company's best estimate of the present value of expected future cash flows or the security's fair value. Cash flows are discounted at the effective yield that is used to record interest income. The ACL cannot exceed the unrealized loss and, therefore, it may fluctuate with changes in the fair value of the fixed maturity if the fair value is greater than the Company's best estimate of the present value of expected future cash flows. The initial ACL and any subsequent changes are recorded in net realized capital gains and losses. The ACL is written off against the amortized cost in the period in which all or a portion of the related fixed maturity is determined to be uncollectible. Prior to January 1, 2020, the Company recorded an OTTI for those fixed maturities for which the Company did not expect to recover the entire amortized cost basis. For these securities, the excess of the amortized cost basis over its fair value was separated into the portion representing a credit OTTI, which was recorded in net realized capital losses, and the remaining non-credit amount, which was recorded in OCI. The credit OTTI amount is the excess of its amortized cost basis over the Company’s best estimate of discounted expected future cash flows. The non-credit amount is the excess of the best estimate of the discounted expected future cash flows over the fair value. The Company’s best estimate of discounted expected future cash flows became the new cost basis and accreted prospectively into net investment income over the estimated remaining life of the security. Amounts previously recognized in accumulated other comprehensive income as of the ASU 2016-13 guidance adoption date that relate to improvements in cash flows expected to be collected will continue to be accreted into income over the asset's remaining life. Developing the Company’s best estimate of expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance. The Company's considerations include, but are not limited to (a) changes in the financial condition of the issuer and/or the underlying collateral, (b) whether the issuer is current on contractually obligated interest and principal payments, (c) credit ratings, (d) payment structure of the security and (e) the extent to which the fair value has been less than the amortized cost of the security. For non-structured securities, assumptions include, but are not limited to, economic and industry-specific trends and fundamentals, instrument-specific developments including changes in credit ratings, industry earnings multiples and the issuer’s ability to restructure, access capital markets, and execute asset sales. For structured securities, assumptions include, but are not limited to, various performance indicators such as historical and projected default and recovery rates, credit ratings, current and projected delinquency rates, loan-to-value ratios ("LTVs"), average cumulative collateral loss rates that vary by vintage year, prepayment speeds, and property value declines. These assumptions require the use of significant management judgment and include the probability of issuer default and estimates regarding timing and amount of expected recoveries which may include estimating the underlying collateral value. ACL on Fixed Maturities, AFS by Type for the Period of July 1, 2021 to December 31, 2021 (Successor Company) (Before tax) Corporate Total Balance, beginning of period $ — $ — Credit losses on fixed maturities where an allowance was not previously recorded — — Balance, end of period $ — $ — ACL on Fixed Maturities, AFS by Type for the Six Months Ended June 30, 2021 (Predecessor Company) (Before tax) Corporate Total Balance, beginning of period $ 1 $ 1 Credit losses on fixed maturities where an allowance was not previously recorded — — Balance, end of period $ 1 $ 1 ACL on Fixed Maturities, AFS by Type for the Year Ended December 31, 2020 (Predecessor Company) (Before tax) Corporate Total Balance, beginning of period $ — $ — Credit losses on fixed maturities where an allowance was not previously recorded 1 1 Balance, end of period $ 1 $ 1 Cumulative Credit Impairments on Fixed Maturities, AFS (Predecessor Company) For the Year Ended December 31, 2019 (Before tax) Balance as of beginning of period $ (6) Additions for credit impairments recognized on [1]: Fixed maturities not previously impaired (4) Reductions for credit impairments previously recognized on: Fixed maturities that matured or were sold during the period 6 Fixed maturities due to an increase in expected cash flows — Balance as of end of period $ (4) [1] These additions are included in net realized capital gains (losses) on the Consolidated Statements of Operations. Fixed Maturities, AFS Fixed Maturities, AFS by Type Successor Company Predecessor Company December 31, 2021 December 31, 2020 Amortized Cost ACL Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost [1] ACL Gross Unrealized Gains Gross Unrealized Losses Fair Value ABS $ 260 $ — $ — $ (2) $ 258 $ 436 $ — $ 8 $ — $ 444 CLOs 945 — — (1) 944 1,425 — 7 (4) 1,428 CMBS 2,345 — 4 (14) 2,335 1,152 — 77 (11) 1,215 Corporate 13,380 — 50 (73) 13,357 7,240 (1) 1,296 (12) 8,552 Foreign government/government agencies 365 — 1 (4) 362 236 — 32 — 266 Municipal bonds 1,452 — 10 (6) 1,456 761 — 115 (1) 875 RMBS 818 — — (7) 811 745 — 26 (2) 769 U.S. Treasuries 1,421 — 28 (1) 1,448 1,142 — 192 (8) 1,326 Total fixed maturities, AFS $ 20,986 $ — $ 93 $ (108) $ 20,971 $ 13,137 $ (1) $ 1,753 $ (38) $ 14,875 [1] The cost or amortized cost of assets that support modified coinsurance reinsurance contracts were not adjusted as part of the application of pushdown accounting. As a result, gross unrealized gains (losses) only include subsequent changes in value recorded in AOCI beginning June 1, 2018. Prior changes in value have been recorded in additional paid-in capital. Fixed Maturities, AFS by Contractual Maturity Year Successor Company Predecessor Company December 31, 2021 December 31, 2020 Contractual Maturity Amortized Fair Amortized Fair One year or less $ 341 $ 341 $ 238 $ 241 Over one year through five years 2,904 2,890 1,376 1,462 Over five years through ten years 5,248 5,241 1,808 2,052 Over ten years 8,125 8,151 5,957 7,264 Subtotal 16,618 16,623 9,379 11,019 Mortgage-backed and asset-backed securities 4,368 4,348 3,758 3,856 Total fixed maturities, AFS $ 20,986 $ 20,971 $ 13,137 $ 14,875 Estimated maturities may differ from contractual maturities due to call or prepayment provisions. Due to the potential for variability in payment speeds (i.e. prepayments or extensions), mortgage-backed and asset-backed securities are not categorized by contractual maturity. Concentration of Credit Risk The Company aims to maintain a diversified investment portfolio including issuer, sector and geographic stratification, where applicable, and has established certain exposure limits, diversification standards and review procedures to mitigate credit risk. The Company had no investment exposure to any credit concentration risk of a single issuer greater than 10% of the Company's stockholders' equity, other than the U.S. government and certain U.S. government agencies as of December 31, 2021 (Successor Company) or 2020 (Predecessor Company). As of December 31, 2021 (Successor Company), other than U.S. government and certain U.S. government agencies, the Company’s three largest exposures by issuer were the Harbourvest Structured Solutions IV, the IBM Corporation, and the Wells Fargo & Company, which each comprised less than 1% of total invested assets. As of December 31, 2020 (Predecessor Company), other than U.S. government and certain U.S. government agencies, the Company’s three largest exposures by issuer were the IBM Corporation, the Walt Disney Company, and the Wells Fargo & Company, which each comprised less than 1% of total invested assets. The Company’s three largest exposures by sector as of December 31, 2021 (Successor Company), were financial services, U.S. Treasuries, and utilities which comprised approximately 9%, 8%, and 7%, respectively, of total invested assets. The Company’s three largest exposures by sector as of December 31, 2020 (Predecessor Company) were financial services, utilities, and the CLO sector which comprised approximately 8%, 8%, and 7%, respectively, of total invested assets. Unrealized Losses on Fixed Maturities, AFS Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2021 Successor Company Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized ABS $ 252 $ (2) $ — $ — $ 252 $ (2) CLOs 751 (1) — — 751 (1) CMBS 961 (14) — — 961 (14) Corporate 5,788 (73) — — 5,788 (73) Foreign government/government agencies 173 (4) — — 173 (4) Municipal 337 (6) — — 337 (6) RMBS 537 (7) — — 537 (7) U.S. Treasuries 217 (1) — — 217 (1) Total fixed maturities, AFS in an unrealized loss position $ 9,016 $ (108) $ — $ — $ 9,016 $ (108) Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2020 Predecessor Company Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized ABS $ — $ — $ 16 $ — $ 16 $ — CLOs 346 (1) 411 (3) 757 (4) CMBS 214 (11) 2 — 216 (11) Corporate 110 (9) 63 (3) 173 (12) Foreign government/government agencies 1 — — — 1 — Municipal 28 (1) — — 28 (1) RMBS 223 (1) 39 (1) 262 (2) U.S. Treasuries 236 (8) — — 236 (8) Total fixed maturities, AFS in an unrealized loss position $ 1,158 $ (31) $ 531 $ (7) $ 1,689 $ (38) As of December 31, 2021 (Successor Company), fixed maturities, AFS in an unrealized loss position consisted of 1,680 instruments, primarily in the corporate sectors, most notably utilities, financial services, technology and communications, and energy, as well as CMBS which were depressed largely due to higher interest rates and/or wider credit spreads since the purchase date. As of December 31, 2021 (Successor Company), 100% of these fixed maturities were depressed less than 20%of cost or amortized cost. The gross unrealized losses increased $70 compared to December 31, 2020 (Predecessor Company) primarily attributable to higher interest rates, partially offset by tighter credit spreads. The increase was also partially offset by the application of pushdown accounting in connection with the Sixth Street Acquisition. Refer to Note 1 - Basis of Presentation and Significant Accounting Policies for more information regarding the sale of the Company. There were no fixed maturities depressed for twelve months or more. The Company neither has an intention to sell nor does it expect to be required to sell the fixed maturities outlined in the preceding discussion. The decision to record credit losses on fixed maturities, AFS in the form of an ACL requires us to make qualitative and quantitative estimates of expected future cash flows. Actual cash flows could deviate significantly from our expectations resulting in realized losses in future periods. Mortgage Loans ACL on Mortgage Loans The Company reviews mortgage loans on a quarterly basis to estimate the ACL, with changes in the ACL recorded in net realized capital gains (losses). Apart from an ACL recorded on individual mortgage loans where the borrower is experiencing financial difficulties, the Company records an ACL on the pool of mortgage loans based on lifetime expected credit losses. The Company utilizes a third-party forecasting model to estimate lifetime expected credit losses at a loan level under multiple economic scenarios. The scenarios use macroeconomic data provided by an internationally recognized economics firm that generates forecasts of varying economic factors such as GDP growth, unemployment and interest rates. The economic scenarios are projected over 10 years. The first two to four years of the 10-year period assume a specific modeled economic scenario (including moderate upside, moderate recession and severe recession scenarios) and then revert to historical long-term assumptions over the remaining period. Using these economic scenarios, the forecasting model projects property-specific operating income and capitalization rates used to estimate the value of a future operating income stream. The operating income and the property valuations derived from capitalization rates are compared to loan payment and principal amounts to create debt-service coverage ratios ("DSCRs") and LTVs over the forecast period. The model overlays historical data about mortgage loan performance based on DSCRs and LTVs and projects the probability of default, amount of loss given a default and resulting expected loss through maturity for each loan under each economic scenario. Economic scenarios are probability-weighted based on a statistical analysis of the forecasted economic factors and qualitative analysis. The Company records the change in the ACL on mortgage loans based on the weighted-average expected credit losses across the selected economic scenarios. When a borrower is experiencing financial difficulty, including when foreclosure is probable, the Company measures an ACL on individual mortgage loans. The ACL is established for any shortfall between the amortized cost of the loan and the fair value of the collateral less costs to sell. Estimates of collectibility from an individual borrower require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates. In addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates. As of December 31, 2021 (Successor Company), the Company did not have any mortgage loans for which an ACL was established on an individual basis. There were no mortgage loans held-for-sale as of December 31, 2021 (Successor Company) or 2020 (Predecessor Company). In addition, as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company had no mortgage loans that have had extensions or restructurings other than what is allowable under the original terms of the contract. Prior to January 1, 2020, the accounting model was based on an incurred loss approach. Mortgage loans were considered to be impaired when management estimated that, based upon current information and events, it was probable that the Company would be unable to collect amounts due according to the contractual terms of the loan agreement. For mortgage loans that were deemed impaired, a valuation allowance was established for the difference between the carrying amount and estimated value. Changes in valuation allowances were recorded in net realized capital gains and losses. ACL on Mortgage Loans Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Beginning balance $ — $ 17 $ — $ 5 Cumulative effect of accounting changes [1] 9 Cumulative effect of pushdown accounting 12 Adjusted beginning balance ACL [2] 12 17 9 5 Current period provision (release) — (6) 8 (5) Ending balance $ 12 $ 11 $ 17 $ — [1] Represents the establishment of ACL recorded on adoption of accounting guidance for credit losses on January 1, 2020. For further information, refer to Note 1 - Basis of Presentation and Significant Accounting Policies. [2] Prior to adoption of accounting guidance for credit losses on January 1, 2020, amounts were presented as a valuation allowance on mortgage loans. The increase in the allowance for the period of July 1, 2021 to December 31, 2021 (Successor Company) was the result of pushdown accounting. The decrease in the allowance for the six months ended June 30, 2021 (Predecessor Company), is the result of improved economic scenarios, including improved GDP growth and unemployment, and higher property valuations as compared to the prior periods. We continue to monitor the impact on our mortgage loan portfolio from borrower behavior in response to the economic stress caused by the pandemic. Borrowers with lower LTVs have an incentive to continue to make payments of principal and/or interest in order to preserve the equity they have in the underlying commercial real estate properties. During 2020 (Predecessor Company), the Company increased the estimate of the ACL in response to significant economic stress experienced as a result of the COVID-19 pandemic. The weighted-average LTV ratio of the Company’s mortgage loan portfolio was 51% as of December 31, 2021 (Successor Company), while the weighted-average LTV ratio at origination of these loans was 61%. LTV ratios compare the loan amount to the value of the underlying property collateralizing the loan with property values based on appraisals updated no less than annually. Factors considered in estimating property values include, among other things, actual and expected property cash flows, geographic market data and the ratio of the property's net operating income to its value. DSCR compares a property’s net operating income to the borrower’s principal and interest payments and are updated no less than annually through reviews of underlying properties. Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2021 (Successor Company) 2021 2020 2019 2018 2017 2016 & Prior Total Loan-to-Value Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost [1] Avg. DSCR 65% - 80% 7 2.37x 18 2.62x 25 1.55x 43 1.00x 41 1.94x 37 1.23x 171 1.60x Less than 65% 378 2.68x 160 2.43x 234 2.89x 270 2.00x 235 2.27x 695 2.54x 1,972 2.50x Total mortgage loans $ 385 2.68x $ 178 2.45x $ 259 2.76x $ 313 1.86x $ 276 2.22x $ 732 2.47x $ 2,143 2.42x [1] As of December 31, 2021 (Successor Company), the amortized cost of mortgage loans excludes ACL of $12. Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2020 (Predecessor Company) 2020 2019 2018 2017 2016 2015 & Prior Total Loan-to-Value Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost [1] Avg. DSCR 65% - 80% 6 1.24x 78 1.56x 175 1.75x 94 1.98x 1 2.95x 54 1.12x 408 1.68x Less than 65% 164 2.26x 207 2.95x 178 2.24x 248 2.35x 176 2.90x 728 2.29x 1,701 2.44x Total mortgage loans $ 170 2.23x $ 285 2.56x $ 353 1.99x $ 342 2.25x $ 177 2.90x $ 782 2.21x $ 2,109 2.29x [1] As of December 31, 2020 (Predecessor Company), the amortized cost of mortgage loans excludes ACL of $17. Mortgage Loans by Region Successor Company Predecessor Company December 31, 2021 December 31, 2020 Amortized Percent of Total Amortized Percent of Total East North Central $ 78 3.6 % $ 80 3.8 % East South Central 20 0.9 % 19 0.9 % Middle Atlantic 152 7.1 % 154 7.3 % Mountain 142 6.6 % 78 3.7 % New England 87 4.1 % 83 3.9 % Pacific 559 26.1 % 562 26.7 % South Atlantic 627 29.3 % 569 27.0 % West South Central 184 8.6 % 213 10.1 % Other [2] 294 13.7 % 351 16.6 % Total mortgage loans $ 2,143 100 % $ 2,109 100 % [1] As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the amortized cost of mortgage loans excludes ACL of $12 and $17, respectively. [2] Primarily represents loans collateralized by multiple properties in various regions. Mortgage Loans by Property Type Successor Company Predecessor Company December 31, 2021 December 31, 2020 Amortized Percent of Total Amortized Percent of Total Commercial Industrial $ 711 33.2 % $ 602 28.6 % Lodging — — % 22 1.0 % Multifamily 590 27.5 % 536 25.4 % Office 423 19.7 % 481 22.8 % Retail 403 18.8 % 418 19.8 % Single Family 16 0.8 % 50 2.4 % Total mortgage loans $ 2,143 100 % $ 2,109 100 % [1] As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the amortized cost of mortgage loans excludes ACL of $12 and $17, respectively. Past-Due Mortgage Loans Mortgage loans are considered past due if a payment of principal or interest is not received according to the contractual terms of the loan agreement, which typically includes a grace period. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company held no mortgage loans considered past due. Purchased Financial Assets with Credit Deterioration Purchased financial assets with credit deterioration ("PCD") are purchased financial assets with a “more-than-insignificant” amount of credit deterioration since origination. PCD assets are assessed only at initial acquisition date and for any investments identified, the Company records an allowance at acquisition with a corresponding increase to the amortized cost basis. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company held no PCD fixed maturities, AFS or mortgage loans. Variable Interest Entities The Company is engaged with various special purpose entities and other entities that are deemed to be variable interest entities ("VIEs") primarily as an investor through normal investment activities. A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities. The Company performs ongoing qualitative assessments of its VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary. The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE on the Company’s Consolidated Financial Statements. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company did not hold any VIEs for which it was the primary beneficiary. Non-Consolidated VIEs The Company, through normal investment activities, makes passive investments in limited partnerships and other alternative investments. For these non-consolidated VIEs, the Company has determined it is not the primary beneficiary as it has no ability to direct activities that could significantly affect the economic performance of the investments. The Company’s maximum exposure to loss as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company) is limited to the total carrying value of $1.1 billion and $975, respectively, which are included in limited partnerships and other alternative investments on the Company's Consolidated Balance Sheets. As of December 31, 2021(Successor Company) and 2020 (Predecessor Company), the Company had outstanding commitments totaling $419 and $461, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses. These investments are generally of a passive nature in that the Company does not take an active role in management. In addition, the Company makes passive investments in structured securities issued by VIEs for which the Company is not the manager. These investments are included in ABS, CLOs, CMBS, and RMBS and are reported in fixed maturities, AFS on the Company’s Consolidated Balance Sheets. The Company has not provided financial or other support with respect to these investments other than its original investment. For these investments, the Company determined it is not the primary beneficiary due to the relative size of the Company’s investment in comparison to the principal amount of the structured securities issued by the VIEs, the Company’s inability to direct the activities that most significantly impact the economic performance of the VIEs, and, where applicable, the level of credit subordination which reduces the Company’s obligation to absorb losses or right to receive benefits. The Company’s maximum exposure to loss on these investments is limited to the amount of the Company’s investment. Repurchase Agreements and Other Collateral Transactions The Company enters into securities financing transactions as a way to earn additional income or manage liquidity, primarily through repurchase agreements. Repurchase Agreements From time to time, the Company enters into repurchase agreements to manage liquidity or to earn incremental income. A repurchase agreement is a transaction in which one party (transferor) agrees to sell securities to another party (transferee) in return for cash (or securities), with a simultaneous agreement to repurchase the same securities at a specified price at a later date. The maturity of these transactions is generally of ninety days or less. Repurchase agreements include master netting provisions that provide both parties the right to offset claims and apply securities held by them with respect to their obligations in the event of a default. Although the Company has the contractual right to offset claims, the Company's current positions do not meet the specific conditions for net presentation. Under repurchase agreements, the Company transfers collateral of U.S. government and government agency securities and receives cash. For repurchase agreements, the Company obtains cash in an amount equal to at least 95% of the fair value of the securities transferred. The agreements require additional collateral to be transferred under specified conditions and provide the counterparty the right to sell or re-pledge the securities transferred. The cash received from the repurchase program is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Consolidated Balance Sheets. The Company accounts for the repurchase agreements as collateralized borrowings. The securities transferred under repurchase agreements are included in fixed maturities, AFS with the obligation to repurchase those securities recorded in other lia

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivative Instruments The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions. Derivative instruments are used to manage risk associated with interest rate, equity market, credit spread, issuer default, price, and currency exchange rate risk or volatility. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. The Company also may enter into and has previously issued financial instruments and products that either are accounted for as freestanding derivatives, such as certain reinsurance contracts, or as embedded derivative instruments, such as certain GMWB riders included with certain variable annuity products. Strategies that Qualify for Hedge Accounting Some of the Company's derivatives satisfy hedge accounting requirements as outlined in Note 1 of these financial statements. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. As a result of pushdown accounting, derivative instruments that previously qualified for hedge accounting were de-designated and recorded at fair value through adjustments to additional paid in capital at the acquisition date. The hedge strategies by hedge accounting designation include: Cash Flow Hedges Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates. Non-qualifying Strategies Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting. The non-qualifying strategies include: Interest Rate Swaps, Swaptions and Futures The Company uses interest rate swaps, swaptions and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the notional amount of interest rate swaps in offsetting relationships was $506 and $1.3 billion, respectively. Foreign Currency Swaps and Forwards The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company also enters into foreign currency forwards to hedge non-U.S. dollar denominated cash. Fixed Payout Annuity Hedge The Company previously had obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company had in place swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments. The last swap matured on October 31, 2019. Credit Contracts Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty or the Company should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward. Equity Index Swaps and Options The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. Macro Hedge Program The Company utilizes equity swaps, options and futures as well as interest rate swaps to provide protection against the statutory tail scenario risk to the Company's statutory surplus arising from higher guaranteed minimum death benefits ("GMDB") claims as well as lower variable annuity fee revenue. GMWB Derivatives, net The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer the majority of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as freestanding derivatives with a notional amount equal to the GRB reinsured. During 2020 (Predecessor Company), the Company closed the dynamic hedging program as the targeted risk exposure was no longer significant. Any risks covered previously under the dynamic hedging program are now covered by the macro hedge program. The Company previously utilized derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the GMWB riders written on a direct basis. The GMWB hedging instruments hedged changes in interest rates, equity market levels, and equity volatility. These derivatives included customized swaps, interest rate swaps and futures and equity swaps, options and futures on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retained the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices. FIA Embedded Derivative On December 30, 2021, the Company assumed through reinsurance, certain FIA products with index-based crediting that constitutes an embedded derivative. The cedant hedges this risk and provides the benefits of this hedging as part of the reinsurance settlements. Modified Coinsurance Reinsurance Contracts As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company had approximately $775 and $843, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction. The assets are primarily held in a trust established by the Company. The Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results. As a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk. The notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves. Derivative Balance Sheet Classification For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. Net Asset Liability Derivatives Notional Fair Fair Fair Successor Company Predecessor Company Successor Company Predecessor Company Successor Company Predecessor Company Successor Company Predecessor Company Hedge Designation/Derivative Type Dec 31, 2021 Dec 31, 2020 Dec 31, 2021 Dec 31, 2020 Dec 31, 2021 Dec 31, 2020 Dec 31, 2021 Dec 31, 2020 Cash flow hedges Interest rate swaps $ 100 $ — $ — $ — $ — $ — $ — $ — Foreign currency swaps — 25 — (2) — — — (2) Total cash flow hedges 100 25 — (2) — — — (2) Non-qualifying strategies Interest rate contracts Interest rate swaps and futures 3,074 3,419 (7) (13) 19 28 (26) (41) Foreign exchange contracts Foreign currency swaps and forwards 161 222 9 — 10 8 (1) (8) Credit contracts Credit derivatives that purchase credit protection — 40 — — — — — — Credit derivatives that assume credit risk 100 — 2 — 2 — — — Equity contracts Equity index swaps, options, and futures — 2,000 — — — — — — Variable annuity hedge program GMWB product derivatives [1] 7,086 7,803 80 21 100 33 (20) (12) GMWB reinsurance contracts 1,555 1,688 (8) 7 — 7 (8) — Macro hedge program 22,991 24,188 (213) (453) 145 268 (358) (721) Fixed indexed annuities FIA product derivative [1] 5,485 — (655) — — — (655) — Other Modified coinsurance reinsurance contracts 775 843 15 (93) 15 — — (93) Total non-qualifying strategies 41,227 40,203 (777) (531) 291 344 (1,068) (875) Total cash flow hedges, fair value hedges, and non-qualifying strategies $ 41,327 $ 40,228 $ (777) $ (533) $ 291 $ 344 $ (1,068) $ (877) Balance Sheet Location Fixed maturities, available-for-sale $ 56 $ 49 $ — $ — $ — $ — $ — $ — Other investments 8,163 5,791 43 12 91 13 (48) (1) Other liabilities 18,206 24,054 (252) (480) 85 291 (337) (771) Reinsurance recoverables 2,331 2,531 7 (86) 15 7 (8) (93) Other policyholder funds and benefits payable 12,571 7,803 (575) 21 100 33 (675) (12) Total derivatives $ 41,327 $ 40,228 $ (777) $ (533) $ 291 $ 344 $ (1,068) $ (877) [1] These derivatives are embedded within liabilities and are not held for risk management purposes. Offsetting of Derivative Assets/Liabilities The following tables present the gross fair value amounts, the amounts offset, and net position of derivative instruments eligible for offset on the Company's Consolidated Balance Sheets. Amounts offset include fair value amounts, income accruals and related cash collateral receivables and payables associated with derivative instruments that are traded under a common master netting agreement, as described in the preceding discussion. Also included in the tables are financial collateral receivables and payables, which are contractually permitted to be offset upon an event of default, although are disallowed for offsetting under U.S. GAAP. Offsetting Derivative Assets and Liabilities (Successor Company) (i) (ii) (iii) = (i) - (ii) (v) = (iii) - (iv) Net Amounts Presented on the Statement of Financial Position Collateral Disallowed for Offset on the Statement of Financial Position Gross Amounts of Recognized Assets (Liabilities) Gross Amounts Offset on the Statement of Financial Position Derivative Assets [1] (Liabilities) [2] Accrued Interest and Cash Collateral (Received) [3] Pledged [2] Financial Collateral (Received) Pledged [4] Net Amount As of December 31, 2021 (Successor Company) Other investments $ 176 $ 162 $ 43 $ (29) $ 5 $ 9 Other liabilities (385) (134) (252) 1 (251) — As of December 31, 2020 (Predecessor Company) Other investments $ 304 $ 295 $ 12 $ (3) $ — $ 9 Other liabilities (772) (279) (480) (13) (488) (5) [1] Included in other invested assets on the Company's Consolidated Balance Sheets. [2] Included in other liabilities on the Company's Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty. [3] Included in other investments on the Company's Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty. [4] Excludes collateral associated with exchange-traded derivative instruments. Cash Flow Hedges For derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness. Derivatives in Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Interest rate swaps $ — $ — $ — $ — Foreign currency swaps — — (2) — Total $ — $ — $ (2) $ — Derivatives in Cash Flow Hedging Relationships (Successor Company) Gain (Loss) Reclassified from AOCI into Income For the Period of July 1, 2021 to December 31, 2021 Net Realized Capital Net Interest rate swaps — — Foreign currency swaps — — Total $ — $ — Total amounts presented on the Consolidated Statements of Operations $ (20) $ 498 Derivatives in Cash Flow Hedging Relationships (Predecessor Company) Gain or (Loss) Reclassified from AOCI into Income For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Net Realized Capital Net Investment Income Net Realized Capital Net Investment Income Net Realized Capital Net Investment Income Interest rate swaps $ — $ — $ — $ — $ — $ — Foreign currency swaps (1) — — — — — Total (1) — — — — — Total amounts presented on the Consolidated Statements of Operations $ (242) $ 534 $ (74) $ 816 $ (275) $ 924 As of December 31, 2021 (Successor Company), the before tax deferred net gains on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months was $1. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities that will occur over the next twelve months, at which time the Company will recognize the deferred net gains (losses) as an adjustment to net investment income over the term of the investment cash flows. For all periods presented, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring. Non-qualifying Strategies For non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized capital gains (losses). Non-qualifying Strategies Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Variable annuity hedge program GMWB product derivatives $ 29 $ 82 $ 67 $ 134 GMWB reinsurance contracts 4 (24) (27) (13) GMWB hedging instruments 42 (68) Macro hedge program (100) (301) (414) (418) Total variable annuity hedge program (67) (243) (332) (365) Foreign exchange contracts Foreign currency swaps and forwards 5 (2) (4) — Fixed payout annuity hedge — — — (4) Total foreign exchange contracts 5 (2) (4) (4) Other non-qualifying derivatives Interest rate contracts Interest rate swaps, swaptions, and futures 21 (76) 180 103 Credit contracts Credit derivatives that purchase credit protection — — 19 — Credit derivatives that assume credit risk 1 — — 7 Equity contracts Equity index swaps and options — — — (1) Other Modified coinsurance reinsurance contracts 15 22 (50) (55) Total other non-qualifying derivatives 37 (54) 149 54 Total [1] $ (25) $ (299) $ (187) $ (315) [1] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. Credit Risk Assumed through Credit Derivatives The Company enters into credit default swaps that assume credit risk of a single entity or referenced index in order to synthetically replicate investment transactions that are permissible under the Company's investment policies. The Company will receive periodic payments based on an agreed upon rate and notional amount and will only make a payment if there is a credit event. A credit event payment will typically be equal to the notional value of the swap contract less the value of the referenced security issuer’s debt obligation after the occurrence of the credit event. A credit event is generally defined as a default on contractually obligated interest or principal payments or bankruptcy of the referenced entity. The credit default swaps in which the Company assumes credit risk primarily reference investment grade single corporate issuers and baskets, which include standard diversified portfolios of corporate and CMBS issuers. The diversified portfolios of corporate issuers are established within sector concentration limits and may be divided into tranches that possess different credit ratings. As of December 31, 2021 (Successor Company) [4] Underlying Referenced Credit Obligation(s) [1] Credit Derivative Type by Derivative Risk Exposure Notional Fair Weighted Type Average Offsetting Offsetting Basket credit default swaps [3] Investment grade risk exposure $ 100 $ 2 5 years Corporate Credit BBB+ $ — $ — Total $ 100 $ 2 $ — $ — [1] The average credit ratings are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, and Fitch. If no rating is available from a rating agency, then an internally developed rating is used. [2] Notional amount is equal to the maximum potential future loss amount. These derivatives are governed by agreements and applicable law which include collateral posting requirements. There is no additional specific collateral related to these contracts or recourse provisions included in the contracts to offset losses. [3] Comprised of swaps of standard market indices of diversified portfolios of corporate and CMBS issuers referenced through credit default swaps. These swaps are subsequently valued based upon the observable standard market index. [4] As of December 31, 2020 (Predecessor Company), the Company did not hold any credit derivatives that assume credit risk. Derivative Collateral Arrangements The Company enters into various collateral arrangements in connection with its derivative instruments, which require both the pledging and accepting of collateral. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company pledged cash collateral with a fair value of $2 and $48, respectively, associated with derivative instruments. The collateral receivable has been recorded in other assets or other liabilities on the Company's Consolidated Balance Sheets, as determined by the Company's election to offset on the balance sheet. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company also pledged securities collateral associated with derivative instruments with a fair value of $270 and $526, respectively, which have been included in fixed maturities on the Consolidated Balance Sheets. The counterparties have the right to sell or re-pledge these securities. In addition, as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company has pledged initial margin of cash related to OTC-cleared and exchange traded derivatives with a fair value of $4 and $7, respectively, which is recorded in other investments or other assets on the Company's Consolidated Balance Sheets. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company has pledged initial margin of securities related to OTC-cleared and exchange traded derivatives with a fair value of $172 and $208, respectively, which are included within fixed maturities on the Company's Consolidated Balance Sheets. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company accepted cash collateral associated with derivative instruments of $30 and $65, respectively, which was invested and recorded on the Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other investments or other liabilities as determined by the Company's election to offset on the balance sheet. The Company also accepted securities collateral as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company) with a fair value of $5 and $0, respectively, which the Company has the right to sell or repledge. As of December 31, 2021 (Successor Company), the Company had not repledged securities and did not sell any securities. The non-cash collateral accepted was held in separate custodial accounts and was not included on the Company's Consolidated Balance Sheets.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Reinsurance	Reinsurance The Company uses reinsurance as a risk mitigation strategy as well as a growth strategy. The Company assumes reinsurance from unaffiliated insurers in order to take on insurance risks not directly underwritten by the Company. The Company also cedes insurance to affiliated and unaffiliated insurers to enable the Company to manage capital and risk exposure. Such arrangements do not relieve the Company of its primary liability to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company regularly monitors the financial condition and ratings of its reinsurers and structures agreements to provide collateral funds where necessary. Assumed Reinsurance As disclosed in Note 1 - Basis of Presentation and Significant Accounting Policies, on December 30, 2021 (Successor Company), the Company entered into a reinsurance agreement with Allianz, whereby the Company assumed certain blocks of FIA on a coinsurance basis, including certain policies with living withdrawal benefits. The Company also acquired general account assets to support the assumed reserves. The Company paid $693 to Allianz upon closing, primarily relating to a ceding commission of $866, offset by cash settlements and recorded a deferred gain on the transaction of approximately $25. The following table presents the impact on the Consolidated Balance Sheets from the Company's assumed reinsurance: As of December 31, 2021 (Successor Company) Assets Investments $ 8,357 Cash 17 Other assets 75 Reinsurance recoverables 244 Total assets $ 8,693 Liabilities Reserve for future policy benefits $ 616 Other policyholder funds and benefits payable 7,340 Other liabilities 27 Total liabilities $ 7,983 For the period of July 1, 2021 through December 31, 2021 (Successor Company), there was not a material impact on the Consolidated Statements of Operations from the Company's assumed reinsurance. Ceded Reinsurance Reinsurance recoverables include balances due from reinsurance companies and are presented net of ACL, upon adoption of ASU 2016-13. For further information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements. The ACL represents an estimate of expected credit losses over the lifetime of the contracts that reflect management’s best estimate of reinsurance cessions that may be uncollectible in the future due to reinsurers’ inability to pay. Reinsurance recoverables include an estimate of the amount of policyholder benefits that may be ceded under the terms of the reinsurance agreements. Amounts recoverable from reinsurers are estimated in a manner consistent with assumptions used for the underlying policy benefits. Accordingly, the Company’s estimate of reinsurance recoverables is subject to similar risks and uncertainties as the estimate of the gross reserve for future policy benefits. Reinsurance Recoverables, net Successor Company Predecessor Company As of December 31, 2021 As of December 31, 2020 Reserve for future policy benefits and other policyholder funds and benefits payable Sold businesses (MassMutual and Prudential) $ 19,850 $ 18,807 Commonwealth Annuity and Life Insurance Company ("Commonwealth") 8,718 7,579 TR Re 6,130 — Other reinsurers 1,187 1,076 Gross reinsurance recoverables 35,885 27,462 Less: ACL 37 7 Reinsurance recoverables, net $ 35,848 $ 27,455 As of December 31, 2021 (Successor Company), the Company had reinsurance recoverables from Commonwealth, Massachusetts Mutual Life Insurance Company ("MassMutual"), Prudential Financial, Inc. ("Prudential") and TR Re of approximately $8.7 billion, $6.8 billion, $13.1 billion and $6.1 billion, respectively. As of December 31, 2020 (Predecessor Company), the Company had reinsurance recoverables from Commonwealth, MassMutual and Prudential of $7.6 billion, $7.0 billion and $11.8 billion, respectively. The Company's obligations to its direct policyholders that have been reinsured to Commonwealth, MassMutual and Prudential are primarily secured by invested assets held in trust. The Company's obligations to its direct policyholders reinsured to TR Re are secured by invested assets held by the Company in segregated portfolios. As disclosed in Note 1 - Basis of Presentation and Significant Accounting Policies, on December 30, 2021 (Successor Company), the Company entered into an affiliated reinsurance agreement with TR Re, primarily on a modified coinsurance basis. The Company paid TR Re $100 in ceding commission and an additional $84 to settle tax balances associated with the transaction as part of the arrangement and recorded a deferred gain of approximately $805. The following table presents the impact on the Consolidated Balance Sheets from the Company's affiliated reinsurance arrangement: As of December 31, 2021 (Successor Company) Assets Reinsurance recoverables $ 6,130 Total assets 6,130 Liabilities Funds withheld liability 5,128 Other liabilities 818 Total liabilities $ 5,946 For the period of July 1, 2021 through December 31, 2021 (Successor Company), there was not a material impact on the Consolidated Statements of Operations from the Company's affiliated reinsurance arrangements. From December 31, 2021 (Successor Company) to December 31, 2020 (Predecessor Company), the ACL increased by $30 to $37. The Company closely monitors the financial condition, ratings and current market information of all its counterparty reinsurers and records an ACL considering the credit quality of the reinsurer, the invested assets in trust, and the period over which the recoverable balances are expected to be collected. Counterparty risk is assessed on a pooled basis in cases of shared risk characteristics, and separately for individual reinsurers when it is more relevant. The Company evaluates historical events, current conditions, and reasonable and supportable forecasts in developing its ACL estimate. Where its contracts permit, the Company secures future claim obligations with various forms of collateral, including irrevocable letters of credit, secured trusts and funds held accounts. The ACL is estimated using a probability of default and loss given default model applied to the amount of reinsurance recoverables, net of collateral, exposed to loss. The probability of default factor is assigned based on each reinsurer's credit rating. The Company reassesses and updates credit ratings on a quarterly basis. The probability of default factors encompass historical industry defaults for liabilities with similar durations to the reinsured liabilities as estimated through multiple economic cycles. The loss given default factors are based on a study of historical recovery rates for general creditors of corporations through multiple economic cycles. Insurance Revenues Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Gross earned premium, fee income and other $ 1,173 $ 1,210 $ 2,221 $ 2,375 Reinsurance assumed 69 64 125 115 Reinsurance ceded (801) (812) (1,570) (1,627) Net earned premium, fee income and other $ 441 $ 462 $ 776 $ 863 Insurance recoveries on ceded reinsurance agreements, which reduce death and other benefits, were $782 for the period of July 1, 2021 to December 31, 2021 (Successor Company), $958 for the sixth months ended June 30, 2021 (Predecessor Company), and $1.5 billion and $1.4 billion for the years ended December 31, 2020 and 2019, respectively (Predecessor Company). In addition, the Company has reinsured a majority of the risk associated with U.S. variable annuities and the associated GMDB and GMWB riders.

Value of Business Acquired

Value of Business Acquired	12 Months Ended
	Dec. 31, 2021
Deferred Policy Acquisition Costs and Present Value of Future Profits [Abstract]
Value of Business Acquired	Value of Business Acquired Changes in the VOBA Balance Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Balance, beginning of period [1] $ 565 $ 586 $ 696 $ 716 Amortization - VOBA (17) 29 14 25 Amortization - unlock benefit (charge), pre-tax (73) 14 (64) — Adjustments to unrealized gains on fixed maturities, AFS and other 4 26 (60) (45) Balance, end of period $ 479 $ 655 $ 586 $ 696 [1] The beginning balance as of July 1, 2021 differs from the ending balance as of June 30, 2021 due to the application of pushdown accounting related to the Sixth Street Acquisition. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements. Expected Amortization of VOBA Successor Company Years Expected Amortization 2022 $ 28 2023 $ 28 2024 $ 29 2025 $ 30 2026 $ 31

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill As of December 31, 2021 (Successor Company) Carrying Balance, beginning of period $ — Acquisitions [1] 97 Accumulated impairments — Balance, end of period $ 97 [1] Related to the pushdown of purchase accounting related to the Sixth Street Acquisition on July 1, 2021. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements. The goodwill from the Sixth Street Acquisition is attributable to the Company's expectation to leverage Sixth Street's capital management strategy for its life insurance business. Other Intangible Assets Amortizing Intangible Assets [1] Indefinite Lived Intangible Assets [2] Total Other Intangible Assets Predecessor Company Gross carrying value, as of December 31, 2020 $ 29 $ 26 $ 55 Accumulated amortization through June 30, 2021 18 — 18 Net carrying value, as of June 30, 2021 $ 11 $ 26 $ 37 Weighted average expected life in years 5 5 Successor Company Gross carrying value, as of July 1, 2021 $ 29 $ 26 $ 55 Additions [3] 30 — 30 Accumulated amortization through December 31, 2021 21 — 21 Net carrying value, as of December 31, 2021 $ 38 $ 26 $ 64 Weighted average expected life in years 7 7 [1] Consists of internally developed software. [2] Consists of state insurance licenses. [3] Related to the election of pushdown accounting due to the Sixth Street Acquisition. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements. There have been no renewals or extensions since December 31, 2020 (Predecessor Company). Expected Pre-tax Amortization Expense (Successor Company) Years Expected Future Amortization Expense 2022 $ 6 2023 $ 6 2024 $ 6 2025 $ 6 2026 $ 6

Reserves for Future Policy Bene

Reserves for Future Policy Benefits and Separate Account Liabilities	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Reserves for Future Policy Benefits and Separate Account Liabilities	Reserves for Future Policy Benefits and Separate Account Liabilities Changes in Reserves for Future Policy Benefits Successor Company Universal Life-Type Contracts VA GMDB/GMWB [1] FIA Guarantees and Other [2] Universal Life Secondary Traditional Annuity and Other Contracts [3] Total Future Policy Benefits Liability balance as of July 1, 2021 $ 346 $ — $ 4,394 $ 16,382 $ 21,122 Incurred [4] 38 604 240 253 1,135 Paid (44) — (29) (486) (559) Liability balance as of December 31, 2021 $ 340 $ 604 $ 4,605 $ 16,149 $ 21,698 Reinsurance recoverable asset as of July 1, 2021 $ 184 $ — $ 4,394 $ 5,422 $ 10,000 Incurred [4] 152 — 240 4,845 5,237 Paid (37) — (29) (132) (198) Reinsurance recoverable asset as of December 31, 2021 $ 299 $ — $ 4,605 $ 10,135 $ 15,039 Predecessor Company Universal Life-Type Contracts GMDB/ Universal Life Secondary Traditional Annuity and Other Contracts [3] Total Future Policy Benefits Liability balance as of December 31, 2020 $ 460 $ 4,195 $ 13,970 $ 18,625 Incurred [4] 54 217 179 450 Paid (50) (18) (319) (387) Liability balance as of June 30, 2021 $ 464 $ 4,394 $ 13,830 $ 18,688 Reinsurance recoverable asset as of December 31, 2020 $ 254 $ 4,195 $ 4,690 $ 9,139 Incurred [4] 35 217 78 330 Paid (41) (18) (137) (196) Reinsurance recoverable asset as of June 30, 2021 $ 248 $ 4,394 $ 4,631 $ 9,273 Predecessor Company Universal Life-Type Contracts GMDB/ Universal Life Secondary Traditional Annuity and Other Contracts [3] Total Future Policy Benefits Liability balance as of December 31, 2019 $ 450 $ 3,691 $ 14,324 $ 18,465 Incurred [4] 101 526 467 1,094 Paid (91) (22) (821) (934) Liability balance as of December 31, 2020 $ 460 $ 4,195 $ 13,970 $ 18,625 Reinsurance recoverable asset as of December 31, 2019 $ 269 $ 3,691 $ 4,843 $ 8,803 Incurred [4] 57 526 122 705 Paid (72) (22) (275) (369) Reinsurance recoverable asset as of December 31, 2020 $ 254 $ 4,195 $ 4,690 $ 9,139 [1] These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits up to the GRB are embedded derivatives held at fair value and are excluded from these balances. [2] These liability balances include additional liabilities for expected annuitizations on two-tiered FIA's and all GLWB's, as part of the Allianz reinsurance agreement entered into on December 30, 2021. [3] Represents life-contingent reserves for which the company is subject to insurance and investment risk. [4] Includes the portion of assessments established as additions to reserves, changes in estimates affecting the reserves and the amounts recoverable under modified coinsurance reinsurance agreements. Account Value by GMDB/GMWB Type as of December 31, 2021 (Successor Company) Account Net amount Retained Net Weighted MAV [1] MAV only $ 12,968 $ 1,351 $ 105 74 With 5% rollup [2] 952 62 9 75 With earnings protection benefit rider (“EPB”) [3] 3,284 620 42 75 With 5% rollup & EPB 452 99 11 76 Total MAV 17,656 2,132 167 Asset protection benefit (“APB”) [4] 8,395 41 15 73 Lifetime income benefit (“LIB”) – death benefit [5] 354 2 1 75 Reset (5-7 years) [6] 2,505 6 3 72 Return of premium (“ROP”) /other [7] 5,422 42 12 75 Variable annuity without GMDB [8] 2,985 — — 73 Subtotal variable annuity [11] $ 37,317 $ 2,223 $ 198 74 Less: general account value 2,715 Subtotal separate account liabilities with GMDB 34,602 Separate account liabilities - other 76,990 Total separate account liabilities $ 111,592 [1] MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals). [2] Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 years or 100% of adjusted premiums. [3] EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net withdrawals. [4] APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months). [5] LIB GMDB is the greatest of current AV; net premiums paid; or, for certain contracts, a benefit amount generally based on market performance that ratchets over time. [6] Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 years (adjusted for withdrawals). [7] ROP GMDB is the greater of current AV and net premiums paid. [8] Includes account value for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries. [9] AV includes the contract holder’s investment in the separate account and the general account. [10] NAR is defined as the guaranteed minimum death benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity market movements and increase when equity markets decline. [11] Some variable annuity contracts with GMDB also have a life-contingent GMWB that may provide for benefits in excess of the return of the GRB. Such contracts included in this amount have $4.8 billion of total account value and weighted average attained age of 76 years. There is no NAR or retained NAR related to these contracts. Account Balance Breakdown of Variable Separate Account Investments for Contracts with Guarantees Successor Company Predecessor Company Asset Type December 31, 2021 December 31, 2020 Equity securities (including mutual funds) $ 33,240 $ 32,011 Cash and cash equivalents [1] 1,362 1,765 Total [2] $ 34,602 $ 33,776 [1] Represents an allocation of the portfolio holdings. [2] Includes $3.0 billion and $2.6 billion of account value as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company) for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), approximately 17% and 18%, respectively, of the equity securities (including mutual funds), in the preceding table were funds invested in fixed income securities and approximately 83% and 82%, respectively, were funds invested in equity securities. For further information on guaranteed living benefits that are accounted for at fair value, such as GMWB, see Note 2 - Fair Value Measurements of Notes to Consolidated Financial Statements.

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt Collateralized Advances The Company is a member of the Federal Home Loan Bank of Boston (“FHLBB”). Membership allows the Company access to collateralized advances, which may be used to support various spread-based business and enhance liquidity management. FHLBB membership requires the Company to own member stock and advances require the purchase of activity stock. The amount of advances that can be taken are dependent on the asset types pledged to secure the advances. The CTDOI will permit the Company to pledge up to approximately $731 in qualifying assets to secure FHLBB advances for 2022. The pledge limit is recalculated annually based on statutory admitted assets and capital and surplus. The Company would need to seek the prior approval of the CTDOI in order to exceed these limits. As of December 31, 2021, the Company had no advances outstanding under the FHLBB facility.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Provision for Income Taxes Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, Income Tax Expense (Benefit) 2020 2019 Current - U.S. Federal $ (86) $ — $ 10 $ (8) Deferred - U.S. Federal 137 30 56 52 Total income tax expense $ 51 $ 30 $ 66 $ 44 Deferred tax assets and liabilities on the consolidated balance sheets represent the tax consequences of differences between the financial reporting and tax basis of assets and liabilities. Components of Deferred Tax Assets (Liabilities) Successor Company Predecessor Company December 31, 2021 December 31, 2020 Deferred Tax Assets Tax basis deferred policy acquisition costs $ 110 $ 79 VOBA and reserves 716 567 Net operating loss carryover 25 102 Employee benefits 7 7 Foreign tax credit carryover 16 18 Net unrealized loss on investments 4 — Deferred reinsurance gain 187 198 Other — 12 Total deferred tax assets 1,065 983 Deferred Tax Liabilities Investment related items (449) (145) Net unrealized gains on investments — (360) Other (13) — Total deferred tax liabilities (462) (505) Net deferred tax asset $ 603 $ 478 The statute of limitations is closed through the 2017 tax year with the exception of net operating loss ("NOL") carryforwards utilized in open tax years. Management believes that adequate provision has been made on the consolidated financial statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years. For periods ended December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company had no reserves for uncertain tax positions. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), there was no unrecognized tax benefit that if recognized would affect the effective tax rate and that had a reasonable possibility of significantly increasing or decreasing within the next 12 months. The Company classifies interest and penalties (if applicable) as income tax expense on the consolidated financial statements. The Company recognized no interest expense for the period July 1, 2021 to December 31, 2021 (Successor Company), the six months ended June 30, 2021 (Predecessor Company) and the years ended December 31, 2020 and 2019 (Predecessor Company). The Company had no interest payable as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company). The Company does not believe it would be subject to any penalties in any open tax years and, therefore, has not recorded any accrual for penalties. The Company believes it is more likely than not that all deferred tax assets will be fully realized. In assessing the need for a valuation allowance, management considered future taxable temporary difference reversals, future taxable income exclusive of reversing temporary differences and carryovers, taxable income in open carry back years and other tax planning strategies. From time to time, tax planning strategies could include holding a portion of debt securities with market value losses until recovery, making investments which have specific tax characteristics and business considerations such as asset-liability matching. Net deferred income taxes include the future tax benefits associated with the net operating loss carryover and foreign tax credit carryover as follows: Net Operating Loss Carryover As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the net deferred tax asset included the expected tax benefit attributable to net operating losses of $117 and $484, respectively. The totals include U.S. losses that were generated prior to 2017 of $0 and $121, respectively. These losses are subject to limits on the period for which they can be carried forward. If not utilized, these losses will expire from 2028-2030. Utilization of these loss carryovers is dependent upon the generation of sufficient future taxable income. The totals also include U.S. losses that were generated in 2018 of $117 and $363, respectively, primarily due to the Commonwealth Annuity Reinsurance Agreement. These losses do not expire, but their utilization in any carryforward year is limited to 80% of taxable income in that year. The loss carryforwards are also subject to Internal Revenue Code Section 382, which may limit the amount that can be utilized in any carryforward year. Given the Company's expected future earnings, the Company believes sufficient taxable income will be generated in the future to utilize its net operating loss carryover. Although the Company believes there will be sufficient future taxable income to fully recover the remainder of the loss carryover, the Company's estimate of the likely realization may change over time. Foreign Tax Credit Carryover As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the net deferred tax asset included the expected tax benefit attributable to foreign tax credit carryovers of $16 and $18 respectively. A reconciliation of the tax provision at the U.S. Federal statutory rate to the provision (benefit) for income taxes is as follows. Income Tax Rate Reconciliation Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Tax provision at U.S. Federal statutory rate $ 70 $ 45 $ 98 $ 86 Dividends received deduction ("DRD") (16) (14) (28) (34) Foreign related investments (2) (1) (4) (7) Other (1) — — (1) Provision for income taxes $ 51 $ 30 $ 66 $ 44 The separate account DRD is estimated for the current year using information from the most recent return, adjusted for current year equity market performance and other appropriate factors, including estimated levels of corporate dividend payments and level of policy owner equity account balances. The actual current year DRD can vary from estimates based on, but not limited to, changes in eligible dividends received in the mutual funds, amounts of distributions from these mutual funds and the Company’s taxable income before the DRD. The Company evaluates its DRD computations on a quarterly basis.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies Relating to Corporate Litigation and Regulatory Matters Management evaluates each contingent matter separately. A loss is recorded if probable and reasonably estimable. Management establishes reserves for these contingencies at its “best estimate,” or, if no one number within the range of possible losses is more probable than any other, the Company records an estimated liability at the low end of the range of losses. Litigation The Company is involved in claims litigation arising in the ordinary course of business with respect to life and annuity contracts. The Company accounts for such activity through the establishment of reserves for future policy benefits. Management expects that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, will not be material to the consolidated financial condition, results of operations or cash flows of the Company. The Company is also involved in other kinds of legal actions, some of which assert claims for substantial amounts. Such actions have alleged, for example, bad faith in the handling of insurance claims and improper sales practices in connection with the sale of insurance and investment products. Some of these actions also seek punitive damages. Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of the Company. Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation, it is possible that an adverse outcome in certain matters could, from time to time, have a material adverse effect on the Company’s consolidated financial condition, results of operations or cash flows in particular quarterly or annual periods. Lease Commitments The rent paid for operating leases were $1 for the period of July 1, 2021 to December 31, 2021 (Successor Company), $1 for six months ended June 30, 2021 (Predecessor Company) and $2 and $2 for the years ended December 31, 2020 and 2019 (Predecessor Company). Future Minimum Lease Payments (Successor Company) 2022 $ 1 2023 1 2024 — 2025 — 2026 — Thereafter — Total minimum lease payments $ 2 Unfunded Commitments As of December 31, 2021 (Successor Company), the Company had outstanding commitments totaling $705, of which $420 was committed to fund limited partnership and other alternative investments, which may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses. Additionally, $45 of the outstanding commitments are primarily related to various funding obligations associated with private debt. The remaining outstanding commitments of $240 are related to mortgage loans. Of the $705 in total outstanding commitments, $155 are related to mortgage loan commitments, which the Company can cancel unconditionally. Guaranty Fund and Other Insurance-Related Assessments In all states, insurers licensed to transact certain classes of insurance are required to become members of a guaranty fund. In most states, in the event of the insolvency of an insurer writing any such class of insurance in the state, members of the funds are assessed to pay certain claims of the insolvent insurer. A particular state’s fund assesses its members based on their respective written premiums in the state for the classes of insurance in which the insolvent insurer was engaged. Assessments are generally limited for any year to one or two percent of premiums written per year depending on the state. Liabilities for guaranty funds and other insurance-related assessments are accrued when an assessment is probable, when it can be reasonably estimated, and when the event obligating the Company to pay an imposed or probable assessment has occurred. Liabilities for guaranty funds and other insurance-related assessments are not discounted and are included as part of other liabilities in the Consolidated Balance Sheets. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the liability balance was $4 and $7, respectively. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company) amounts related to premium tax offsets of $1 and $2, respectively, were included in other assets on the Consolidated Balance Sheets. Derivative Commitments Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings, as set by nationally recognized statistical agencies or risked-based capital ("RBC") tests, of the individual legal entity that entered into the derivative agreement. If the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances enable the counterparties to terminate the agreements and demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement. The settlement amount is determined by netting the derivative positions transacted under each agreement. If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position as of December 31, 2021 (Successor Company) was $252. Of this $252, the legal entities have posted collateral of $271 in the normal course of business. In addition, the Company did not post any collateral associated with a customized GMWB derivative. This could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated. The nature of the collateral that is posted, when required, would be primarily in the form of U.S. Treasury bills, U.S. Treasury notes and government agency securities.

Transactions with Affiliates

Transactions with Affiliates	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Transactions with Affiliates	Transactions with Affiliates Parent Company Transactions As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the Company had no direct employees as it is managed by TLI, the Company's indirect parent, pursuant to an Intercompany Services and Cost Allocation Agreement ("the reimbursement agreement") between the Company, TLI and other Company affiliates. Effective July 1, 2021 the expense reimbursement agreement was modified to reflect a cost-plus reimbursement model. The impact of this revision was not material to the Company. On October 1, 2021, TLI, acquired Lombard International Administration Services Company, LLC ("LIAS") and LIAS Administration Fee Issuer, LLC ("LAFI") for the purpose of providing insurance administration services and support for banks, corporations, and insurance companies. LIAS currently services approximately $42 billion of the Company's separate account assets under administration within the COLI and BOLI markets. Subsequent to the acquisition, the Company paid approximately $14 of fees to LIAS and received approximately $1 in expense reimbursements from LIAS. For information related to affiliated reinsurance arrangements with the Company's parent company TR Re, see Note 1 - Basis of Presentation and Significant Accounting Policies and Note 5 - Reinsurance of Notes to Consolidated Financial Statements. For information related to capital contributions to the parent company, see the Dividends section of Note 13 - Statutory Results of Notes to Consolidated Financial Statements.

Statutory Results

Statutory Results	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Statutory Results	Statutory Results The Company and its domestic insurance subsidiaries prepare their statutory financial statements in conformity with statutory accounting practices prescribed or permitted by the applicable state insurance department which vary materially from U.S. GAAP. Prescribed statutory accounting practices include publications of the National Association of Insurance Commissioners (“NAIC”), as well as state laws, regulations and general administrative rules. The differences between statutory financial statements and financial statements prepared in accordance with U.S. GAAP vary between domestic and foreign jurisdictions. The principal differences are that statutory financial statements do not reflect deferred policy acquisition and value of business acquired costs and limit deferred income taxes, predominately use interest rate and mortality assumptions prescribed by the NAIC for life benefit reserves, generally carry bonds at amortized cost and present reinsurance assets and liabilities net of reinsurance. For reporting purposes, statutory capital and surplus is referred to collectively as "statutory capital". Statutory Net Income (Loss) Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Combined statutory net income (loss) $ (426) $ (2) $ 245 $ 488 Statutory Capital Successor Company Predecessor Company December 31, 2021 December 31, 2020 Statutory capital [1] $ 2,153 $ 3,142 [1] The Company relies upon a prescribed practice allowed by Connecticut state laws that allow the Company to receive a reinsurance reserve credit for reinsurance treaties that provide for a limited right of unilateral cancellation by the reinsurer. The benefit from this prescribed practice was approximately $29 and $51 as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively. Statutory accounting practices do not consolidate the net income (loss) of subsidiaries that report under U.S. GAAP. The combined statutory net income (loss) above represents the total statutory net income (loss) of the Company and its other insurance subsidiaries. Statutory accounting principles require that ceding commissions paid on reinsurance transactions be expensed in the period incurred, affecting statutory net loss, where GAAP allows for the deferral of these amounts. In addition, as noted in Note 1 - Basis of Presentation and Significant Accounting Policies, the Company paid a $500 dividend associated with the Sixth Street transaction. Both items affected statutory capital. Regulatory Capital Requirements The Company's U.S. insurance companies' states of domicile impose RBC requirements. The requirements provide a means of measuring the minimum amount of statutory capital appropriate for an insurance company to support its overall business operations based on its size and risk profile. Regulatory compliance is determined by a ratio of a company's total adjusted capital (“TAC”) to its authorized control level RBC (“ACL RBC”). Companies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The minimum level of TAC before corrective action commences (“Company Action Level”) is two times the ACL RBC. The adequacy of a company's capital is determined by the ratio of a company's TAC to its Company Action Level, known as the "RBC ratio." The Company and all of its operating insurance subsidiaries had RBC ratios in excess of the minimum levels required by the applicable insurance regulations. The RBC ratios for the Company and its principal life insurance operating subsidiaries were all in excess of 300% of their Company Action Levels as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company). The reporting of RBC ratios is not intended for the purpose of ranking any insurance company, or for use in connection with any marketing, advertising or promotional activities. Dividends As a condition to the Sixth Street Acquisition, the CTDOI requires any dividends from the Company, for a two On June 28, 2021 (Predecessor Company), TL paid a $500 dividend to its then parent, TLI. Absent the restrictions noted above, the Company would be permitted to pay up to a maximum of $215 in dividends and the Company's subsidiaries are permitted to pay up to a maximum of $395 in dividends as determined by the above mentioned insurance regulations. On September 18, 2020 (Predecessor Company), TL received a $400 dividend from its subsidiary, Talcott Resolution Life and Annuity Insurance Company ("TLA"). On the same date, TL subsequently declared and paid a $319 dividend to its parent TLI. On September 16, 2019 (Predecessor Company), TL received a $250 dividend from its subsidiary, TLA. On the same date, TL subsequently declared and paid a $700 dividend to its parent, TLI.

Changes in and Reclassification

Changes in and Reclassifications From Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in and Reclassifications From Accumulated Other Comprehensive Income	Changes in and Reclassifications From Accumulated Other Comprehensive Income Changes in AOCI, Net of Tax for the Period of July 1, 2021 to December 31, 2021 (Successor Company) Changes in Net Unrealized Gain on Fixed Maturities Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ — $ — $ — $ — $ — OCI before reclassifications (12) — — — (12) Amounts reclassified from AOCI 2 — — — 2 OCI, net of tax (10) — — — (10) Ending balance $ (10) $ — $ — $ — $ (10) Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2021 (Predecessor Company) Changes in Net Unrealized Gain on Fixed Maturities Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ 1,282 $ — $ (1) $ — $ 1,281 OCI before reclassifications (238) — — — (238) Amounts reclassified from AOCI (37) — 1 — (36) OCI, net of tax (275) — 1 — (274) Ending balance $ 1,007 $ — $ — $ — $ 1,007 Changes in AOCI, Net of Tax for the Year Ended December 31, 2020 (Predecessor Company) Changes in Net Unrealized Gain on Fixed Maturities Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ 717 $ — $ — $ — $ 717 OCI before reclassifications 665 (1) (1) — 663 Amounts reclassified from AOCI (100) 1 — — (99) OCI, net of tax 565 — (1) — 564 Ending balance $ 1,282 $ — $ (1) $ — $ 1,281 Changes in AOCI, Net of Tax for the Year Ended December 31, 2019 (Predecessor Company) Changes in Net Unrealized Gain on Fixed Maturities Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ (173) $ — $ 2 $ (171) OCI before reclassifications 927 — (2) 925 Amounts reclassified from AOCI (37) — — (37) OCI, net of tax 890 — (2) 888 Ending balance $ 717 $ — $ — $ 717 Reclassification from AOCI Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, Affected Line Item on the Consolidated Statements 2020 2019 Net Unrealized Gain on Fixed Maturities Available-for-sale securities $ (2) $ 47 $ 127 $ 47 Net realized capital losses (2) 47 127 47 Income before income taxes — 10 27 10 Income tax expense $ (2) $ 37 $ 100 $ 37 Net income Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Fixed maturities, AFS $ — $ — $ (1) Net realized capital losses — — (1) Income before income taxes — — — Income tax expense $ — $ — $ (1) Net income Net Gains on Cash-Flow Hedging Instruments Interest rate swaps $ — $ — $ — $ — Net realized capital losses Interest rate swaps — — — — Net investment income Foreign currency swaps — (1) — — Net realized capital losses — (1) — — Income before income taxes — — — — Income tax expense $ — $ (1) $ — $ — Net income Total amounts reclassified from AOCI $ (2) $ 36 $ 99 $ 37 Net income

Revenue from Contracts with Cus

Revenue from Contracts with Customer	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customer	Revenue from Contracts with Customers The Company follows the FASB’s updated guidance for recognizing revenue from contracts with customers which excludes insurance contracts and financial instruments. Revenue subject to the guidance is recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to receive in exchange for those goods or services. Revenues from Contracts with Customers Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Administration and distribution services fees $ 45 $ 44 $ 80 $ 84 The Company earns revenues from these contracts primarily for administrative and distribution services fees from offering certain fund families as investment options in its variable annuity products. Fees are primarily based on the average daily net asset values of the funds and are recorded in the period in which the services are provided and collected monthly. Fluctuations in domestic and international markets and related investment performance, volume and mix of sales and redemptions of the funds, and other changes to the composition of assets under management are all factors that ultimately have a direct effect on fee income earned.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventThe Company has evaluated subsequent events through April 1, 2022, the date the consolidated financial statements were issued. There have been no events occurring subsequent to December 31, 2021, which have a material effect on the consolidated financial condition of the Company.

Schedule I - Summary of Investm

Schedule I - Summary of Investments - Other Than Investments in Affiliates	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Summary of Investments - Other Than Investments in Affiliates	SCHEDULE I SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN AFFILIATES ($ in millions) Successor Company As of December 31, 2021 Type of Investment Cost Fair Amount at Which Shown on Balance Sheet Fixed Maturities Bonds and notes U.S. government and government agencies and authorities (guaranteed and sponsored) $ 1,643 $ 1,669 $ 1,887 States, municipalities and political subdivisions 1,452 1,456 1,456 Foreign governments 365 362 362 Public utilities 1,718 1,707 1,707 All other corporate bonds 11,662 11,650 11,650 All other mortgage-backed and asset-backed securities 4,146 4,127 3,909 Total fixed maturities, available-for-sale 20,986 20,971 20,971 Fixed maturities, at fair value using fair value option — — — Total fixed maturities 20,986 20,971 20,971 Equity Securities Common stocks Industrial, miscellaneous and all other 25 25 25 Non-redeemable preferred stocks 178 178 178 Total equity securities, at fair value 203 203 203 Mortgage loans [1] 2,143 2,138 2,131 Policy loans 1,484 1,484 1,484 Futures, options and miscellaneous 195 15 15 Real estate acquired in satisfaction of debt 11 11 11 Short-term investments 1,254 1,254 1,254 Investments in partnerships and trusts 1,147 1,147 Total investments $ 27,423 $ 27,216

Schedule IV - Schedule of Reins

Schedule IV - Schedule of Reinsurance	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Schedule IV - Schedule of Reinsurance	SCHEDULE IV REINSURANCE ($ In millions) Gross Amount Ceded to Other Companies Assumed From Other Companies Net Percentage of Amount Assumed For the Period of July 1, 2021 to December 31, 2021 (Successor Company) Life insurance in-force $ 232,607 $ 166,822 $ 158 $ 65,943 — % Insurance Revenues Life insurance and annuities $ 1,170 $ 798 $ 69 $ 441 16 % Accident health insurance 3 3 — — — % Total insurance revenues $ 1,173 $ 801 $ 69 $ 441 16 % For the Six Months Ended June 30, 2021 (Predecessor Company) Life insurance in-force $ 236,517 $ 170,776 $ 166 $ 65,907 — % Insurance Revenues Life insurance and annuities $ 1,202 $ 804 $ 64 $ 462 14 % Accident health insurance 8 8 — — — % Total insurance revenues $ 1,210 $ 812 $ 64 $ 462 14 % For the Year Ended December 31, 2020 (Predecessor Company) Life insurance in-force $ 239,801 $ 174,372 $ 173 $ 65,602 — % Insurance Revenues Life insurance and annuities $ 2,201 $ 1,550 $ 125 $ 776 16 % Accident health insurance 20 20 — — — % Total insurance revenues $ 2,221 $ 1,570 $ 125 $ 776 16 % For the Year Ended December 31, 2019 (Predecessor Company) Life insurance in-force $ 249,728 $ 181,779 $ 378 $ 68,327 1 % Insurance Revenues Life insurance and annuities $ 2,350 $ 1,602 $ 115 $ 863 13 % Accident health insurance 25 25 — — — % Total insurance revenues $ 2,375 $ 1,627 $ 115 $ 863 13 %

Schedule V - Valuation and Qual

Schedule V - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule V - Valuation and Qualifying Accounts	SCHEDULE V VALUATION AND QUALIFYING ACCOUNTS (In millions) Successor Company 2021 Balance July 1, Charged to Costs and Expenses Write-offs/Payments/Other Balance December 31, Allowance for credit losses ("ACL") on fixed maturities, AFS $ — $ — $ — $ — ACL on mortgage loans 12 — — 12 ACL on reinsurance recoverables 34 3 — 37 Predecessor Company 2021 Balance Charged to Costs and Expenses Write-offs/Payments/Other Balance June 30, ACL on fixed maturities, AFS 1 — — 1 ACL on mortgage loans 17 (6) — 11 ACL on reinsurance recoverables 7 — — 7 2020 Balance Charged to Costs and Expenses Write-offs/Payments/Other Balance ACL on fixed maturities, AFS — 1 — 1 ACL on mortgage loans 9 8 — 17 ACL on reinsurance recoverables 5 2 — 7 2019 Balance January 1, Charged to Costs and Expenses Write-offs/Payments/Other Balance December 31, Valuation allowance on mortgage loans $ 5 $ — $ (5) $ —

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Talcott Resolution Life Insurance Company, together with its consolidated subsidiaries, (collectively, "TL," the "Company," "we" or "our") is a provider of insurance and investment products in the United States of America ("U.S.") and is a wholly-owned subsidiary of TR Re, Ltd. ("TR Re"), a Bermuda based entity. Talcott Resolution Life, Inc. ("TLI"), a Delaware corporation, and Hopmeadow Holdings, LP ("Hopmeadow Holdings," or "HHLP") are indirect parents of the Company. The Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”), which differ materially from the accounting practices prescribed by various insurance regulatory authorities. On June 30, 2021, the Company's indirect owner, Hopmeadow Holdings GP LLC, completed the sale of the Company (the "Sixth Street Acquisition") through the merger of an affiliate of Sixth Street, a global investment firm, with and into HHLP pursuant to an Agreement and Plan of Merger (the “Agreement"). Through the Agreement, Sixth Street obtained 100% control of TLI and its life and annuity operating subsidiaries for a total purchase price of approximately $2.25 billion, comprised of a $500 pre-closing dividend and cash of $1.734 billion. The merger was accounted for by using business combination accounting together with an election to apply pushdown accounting. Under this method, the purchase price paid by the investment firm was assigned to the identifiable assets acquired and liabilities assumed as of the acquisition date based on their fair value. Determining the fair value of certain assets acquired and liabilities assumed is judgmental in nature and often involves the use of significant estimates and assumptions. TL's financial statements and footnote disclosures are presented into two distinct periods. The periods prior to the consummation of the Agreement are labeled ("Predecessor Company") and the period subsequent to that date is labeled ("Successor Company") to distinguish between the different basis of accounting between the periods presented. As a result of the application of pushdown accounting, the financial statements for the period of July 1, 2021 to December 31, 2021, are not comparable to the prior periods presented. In addition, as a result of the acquisition the Company conformed to Sixth Street's accounting policies and modified its presentation for certain transactions. On September 17, 2021, the Company executed a flow reinsurance transaction with Lincoln National Corporation's ("Lincoln") insurance subsidiary, The Lincoln National Life Insurance Company. Under this reinsurance transaction, the Company coinsured a living benefit rider on variable annuity contracts issued by Lincoln between April 1, 2021 through June 30, 2022 up to a maximum of $1.5 billion of reinsured deposits. Lincoln will continue to service and administer the policies as insurer of the business. On December 30, 2021, the Company entered into a reinsurance agreement with Allianz Life Insurance Company of North America ("Allianz"). Pursuant to such agreement, the Company assumed 100% of a block of fixed indexed annuities ("FIA") and 5% of another block of FIAs on a coinsurance basis. Certain of the FIAs included living withdrawal benefits. The Company acquired general account assets to support the assumed reserves and paid $693 to Allianz upon closing, primarily relating to a ceding commission of $866, offset by cash settlements. Under the reinsurance agreement, the Company will participate in an aggregated hedging pool administered by Allianz, whereby the Company will pay Allianz a fee in order to participate in the pool and will receive an index credit payout based on the level of participation in the pool. This reinsurance transaction was accounted for in accordance with reinsurance accounting. Under this method, a deferred gain on reinsurance was recorded in other liabilities upon the effective date for approximately $25 and will be recognized in income over the expected life of the underlying policies. Allianz will continue to service and administer the policies as insurer of the business. On December 30, 2021, the Company entered into an affiliated reinsurance agreement with its parent TR Re. Pursuant to such reinsurance agreement, the Company generally ceded 50% of reserves related to variable annuity and payout annuity blocks, with 100% of certain variable annuity guarantees and certain structured settlement contracts ceded at a lesser quota share percentage. All but the Company’s terminal funding block was ceded on a modified coinsurance basis, with the pension risk transfer block ceded on a coinsurance with funds withheld basis. The reinsured business ceded was the Company's direct written business and was not previously assumed. This affiliate reinsurance transaction was accounted for in accordance with reinsurance accounting. Under this method, a deferred gain on reinsurance was recorded in other liabilities for approximately $805 and will be recognized in income over the expected life of the underlying policies. The Company will continue to service and administer the policies as insurer of the reinsured block of business and will remain responsible for fulfilling its obligations to policyholders. The Company paid TR Re $100 in ceding commission and an additional $84 to settle tax balances associated with the transaction as part of the arrangement. On November 18, 2021, TLI received approval from the Connecticut Department of Insurance ("CTDOI") to contribute the Company to TR Re. On December 30, 2021, TLI contributed the Company to TR Re and TR Re subsequently became the Company's direct parent. TR Re was formed on June 28, 2021 and is an approved Class E insurer under the Bermuda Monetary Authority.
Consolidation	Consolidation The Consolidated Financial Statements include the accounts of TL and entities the Company directly or indirectly has a controlling financial interest in which the Company is required to consolidate. Entities in which TL has significant influence over the operating and financing decisions but is not required to consolidate are reported using the equity method. All intercompany transactions and balances between TL and its subsidiaries have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. The most significant estimates include those used in determining estimated gross profits ("EGPs") used in the valuation and amortization of assets (including Value of Business Acquired ("VOBA") and liabilities associated with variable annuity, FIAs and other universal life-type contracts, as well as any deferred reinsurance amounts; evaluation of credit losses on fixed maturities, available for sale ("AFS") and allowance for credit losses ("ACL") on mortgage loans; living benefits required to be fair valued; deferred gain or cost related to reinsurance transactions; valuation of investments and derivative instruments; valuation allowance on deferred tax assets; evaluation of goodwill and other intangible assets for impairment; amortization of the deferred gain on reinsurance; and contingencies relating to corporate litigation and regulatory matters. Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets and could have a material impact on the Consolidated Financial Statements. The ultimate extent to which the COVID-19 pandemic will directly impact the Company's business, results of operations and financial condition will depend on future developments that are highly uncertain.
Pushdown Accounting	Pushdown Accounting The table below shows the main balance sheet line items impacted in pushdown accounting for the Sixth Street Acquisition, as of July 1, 2021: Cash and invested assets $ 19,711 VOBA 565 Deferred income taxes 737 Goodwill 97 Other intangible assets 67 Reinsurance recoverables and other assets 29,442 Separate account assets 112,857 Total assets 163,476 Reserves for future policy benefits 21,122 Other policyholder funds and benefits payable 25,961 Other liabilities 1,653 Separate account liabilities 112,857 Total liabilities 161,593 Equity 1,883 Total liabilities and stockholder's equity $ 163,476 The Successor Company's assets and liabilities are recognized based on Sixth Street's accounting basis, with an offset to additional paid-in capital. In addition, retained earnings and accumulated other comprehensive income ("AOCI") of the Predecessor Company are not carried forward, as a new basis of accounting has been established. Goodwill Goodwill represents the excess of the acquisition cost of an acquired business over the fair value of assets acquired and liabilities assumed. Goodwill is not amortized but is tested for impairment at the entity or reporting unit level annually or when events or circumstances arise, such as adverse changes in the business climate, that would more likely than not reduce the fair value of the entity or a reporting unit below its carrying value. Our methodology for conducting this goodwill impairment testing contains both a qualitative and quantitative assessment. The Company has the option to initially perform an assessment of qualitative factors in order to determine whether it is more likely than not that the fair value of the entity or a reporting unit is less than its carrying amount. The qualitative factors may include, but are not limited to, economic conditions, industry and market considerations, cost factors, overall financial performance of the entity or a reporting unit and other company and entity-level or reporting unit-specific events. If it is determined that it is more likely than not that the fair value of the entity or reporting unit is less than its carrying amount, we then perform the impairment evaluation using a more detailed quantitative assessment. If the carrying values of the entity or reporting units were to exceed their fair value under that quantitative assessment, the amount of the impairment would be calculated and goodwill would be adjusted accordingly. The Company could directly perform this quantitative assessment, bypassing the qualitative assessment and perform a quantitative impairment test. For a discussion of goodwill from the Sixth Street Acquisition, see Note 7 - Goodwill and Other Intangible Assets. Intangible Assets Intangible assets with definite lives are amortized over the estimated useful life of the asset. Amortizing intangible assets primarily consist of internally developed software amortized over a period not to exceed seven Investments In pushdown accounting, the acquired investments are recorded at fair value through adjustments to additional paid-in capital at the acquisition date. Value of Business Acquired/Additional Reserves In conjunction with the acquisition of the Company, a portion of the purchase price was allocated to the right to receive future gross profits from cash flows and earnings of the Company's insurance and investment contracts as of the date of the Sixth Street Acquisition. This intangible asset is called VOBA and is based on the actuarially estimated present value of future cash flows from the Company's insurance and investment contracts in-force as of the date of the transaction. The estimated fair value calculation of VOBA is based on certain assumptions, including equity market returns, mortality, persistency, expenses, discount rates, and other factors that the Company expects to experience in future years. Actual experience on the acquired contracts may vary from these projections and the recovery of VOBA is dependent upon the future profitability of the related business. The Company amortizes VOBA over estimated gross profits and it is reviewed for recoverability quarterly. The fair value of certain acquired obligations of the Company exceeded the book value of assumed in-force policy liabilities resulting in additional reserve liabilities. In pushdown accounting these liabilities were increased to fair value, which is presented separately from VOBA as an additional insurance liability in reserves for future policy benefits and other policyholder funds and benefits payable. The additional liability is amortized to income over the life of the underlying policies.
Adoption of New Accounting Standards and Future Adoption of New Accounting Standards	Adoption of New Accounting Standards Financial Instruments - Credit Losses On January 1, 2020, the Company adopted Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, ("ASU 2016-13", or "CECL") together with related updated guidance for recognition and measurement of credit losses on certain financial instruments not carried at fair value, including reinsurance recoverables. This guidance replaces the “incurred loss” approach with an “expected loss” model for recognizing credit losses for instruments carried at amortized cost, which resulted in the recognition of greater allowances for losses. Under the new model, an ACL is recognized as an estimate of credit losses expected over the life of financial instruments, such as mortgage loans, reinsurance recoverables and off-balance sheet credit exposures that the Company cannot unconditionally cancel. The measurement of the expected credit loss estimate is based on historical loss data, current conditions, and reasonable and supportable forecasts. Credit losses on fixed maturities, AFS carried at fair value continue to be measured similar to previous guidance for other-than-temporary impairments ("OTTI"); however, losses are now recognized through the ACL and no longer as an adjustment to the amortized cost. Recoveries of OTTI on fixed maturities, AFS are recognized as reversals of the ACL recognized through net realized capital gains and losses and no longer accreted as net investment income through an adjustment to the investment yield. For fixed maturities, AFS this guidance is applied prospectively. Additionally, the new guidance requires purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance to establish an ACL at acquisition, which is recorded with the purchase price to establish the initial amortized cost of the investment. The Company adopted the guidance through a cumulative-effect adjustment that decreased retained earnings by $11 million, after tax, primarily related to the Company's mortgage loan investments. No ACL was recognized at adoption for fixed maturities, AFS as those provisions of the guidance are applied prospectively. Upon adoption, the Company did not have any purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance. Future Adoption of New Accounting Standards Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The Financial Accounting Standards Board ("FASB") issued ASU 2021-08 Accounting for Contract Assets and Contract Liabilities from Contracts with Customers in October 2021, which requires acquiring entities to apply Topic 606, Revenue from Contracts with Customers upon recognizing and measuring contract assets and liabilities in a business combination. This update is intended to improve comparability after a business combination, by providing consistent recognition and measurement of revenue contracts with customers acquired and not acquired in a business combination. ASU 2021-08 is effective for annual periods beginning after December 15, 2022 and interim periods within those annual periods, with early adoption permitted. The amendments in this ASU should be applied prospectively. We expect to adopt the provisions of this ASU in the first quarter of 2023 and do not expect it to have a material impact on the Company. Targeted Improvements to the Accounting for Long Duration Contracts The FASB issued ASU 2018-12 Targeted Improvements to the Accounting for Long-Duration Contracts ("ASU 2018-12") in August 2018, which impacts the existing recognition, measurement, presentation and disclosure requirements for certain long duration contracts issued by an insurance company. The guidance is intended to improve the timeliness of recognizing changes in the liability for future policy benefits ("LFPB"), by requiring annual or more frequent updates of insurance assumptions and modifying rates used to discount future cash flows. Further, the guidance seeks to improve the accounting for certain market-based options or guarantees associated with account balance contracts and improve the effectiveness of the required disclosures. This guidance was amended through the issuance of ASU 2020-11, which deferred the effective date the Company is required to adopt the guidance to January 1, 2023, with early adoption permitted. The Company continues to assess its policies, processes, and applicable systems to determine the impact on the Company's operations and financial results. While it is not possible to reasonably estimate the expected impact of the new standard at this time due to the nature and extent of the required changes to a significant portion of the Company’s operations, we anticipate an increase to AOCI, upon adoption. This is due to the application and pushdown of purchase accounting associated with the Sixth Street Acquisition, which employed lower discount rates for the fair value calculations than the required discount rates to value the cash flows on the insurance liabilities under the new guidance. This standard represents a significant change from existing U.S. GAAP, however, it does not change the underlying economics of the business or its related cash flows. The Company has a transition date, the date of the Sixth Street Acquisition, and selected the modified retrospective transition method, with the potential exception of market risk benefits ("MRB"), which are required to be adopted on a retrospective basis. Additionally, the Company is reviewing the impact of its recent reinsurance transactions under the new standard. As part of working toward implementation of the updated standard, the Company has made progress on key accounting policy decisions, including processes to identify insurance policy groupings for LFPB measurement, applicable discount rates, development of liability cash flow and claim expense assumptions, and VOBA amortization methodology. Long duration insurance contracts issued by the Company will be grouped into separate cohorts based on the product type and annual contract issue date. Cash flow assumptions underlying insurance liabilities will be evaluated at least annually in the same fiscal quarter each year as to whether an update is needed. Under the new guidance, the Company will update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in net income. Cash flows are required to be discounted with an upper-medium grade (or low credit risk) fixed-income instrument yields, with the effect of discount rate changes on the liability recorded in OCI. The discount rate utilized is intended to reflect the duration characteristics of the corresponding insurance liabilities. The Company will obtain yield curves and spreads for a range of tenors to determine spot yields to discount the cash flows of the insurance liabilities as of each valuation date. This is a change from current U.S. GAAP which utilizes assumptions, including discount rates "locked in" at policy issuance and until such time significant changes in experience or assumptions may require the Company to establish premium deficiency reserves. When this occurs, premium deficiency reserves are recognized by unlocking reserve assumptions to eliminate a reserve deficiency under current U.S. GAAP. The Company currently offers and assumes certain guarantees and product features on variable annuity and FIA products, which protect the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk.These MRB features are required to be measured at fair value with changes in fair value recorded in net income, with the exception of the changes in MRB liabilities attributable to a change in an entity's nonperformance risk, which is required to be recognized in OCI. For any assumed products, the portion of the change in MRBs attributable to changes in the reinsurer's nonperformance risk is recognized in income. The Company will maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the MRBs upon adoption. VOBA and other balances are expected to be amortized on a constant-level basis over the expected remaining term of the related contracts. As annuities do not have a face amount, the constant level basis used is expected to be based on the number of policies in-force. Additionally, ASU 2018-12 requires certain enhanced presentation and disclosures including disaggregated rollforwards for LFPB, policyholder account balances, MRBs, separate account liabilities, deferred acquisition costs, and information about significant inputs, judgments and methods used in the measurement.
Revenue Recognition	Revenue Recognition For investment and universal life-type contracts, the amounts collected from policyholders are considered deposits and are not included in revenue. Fee income for variable annuity and other universal life-type contracts consists of policy charges for policy administration, cost of insurance charges and surrender charges assessed against policyholders’ account balances and are recognized in the period in which services are provided. For the Company’s traditional life products, premiums are recognized as revenue when due from policyholders.
Income Taxes	Income Taxes The Company recognizes taxes payable or refundable for the current year and deferred taxes for the tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years the temporary differences are expected to reverse. A deferred tax provision is recorded for the tax effects of differences between the Company's current taxable income and its income before tax under U.S. GAAP in the Consolidated Statements of Operations. For deferred tax assets, the Company records a valuation allowance that is adequate to reduce the total deferred tax asset to an amount that will more likely than not be realized.
Investments	Investments Overview The Company’s investments in fixed maturities include bonds, structured securities, redeemable preferred stock and commercial paper. Most of these investments are classified as AFS and are carried at fair value, net of ACL, in accordance with new guidance adopted January 1, 2020 regarding expected credit losses. The after-tax difference between fair value and cost or amortized cost is reflected in stockholder's equity as a component of AOCI, after adjustments for the effect of VOBA and reserve adjustments. Equity securities are measured at fair value with any changes in valuation reported in net income. Policy loans are carried at outstanding balance. Mortgage loans are recorded at the outstanding principal balance adjusted for amortization of premiums or discounts and net of ACL. Short-term investments are carried at amortized cost, which approximates fair value. Limited partnerships and other alternative investments are reported at their carrying value and are primarily accounted for under the equity method with the Company’s share of earnings included in net investment income. Recognition of income related to limited partnerships and other alternative investments is delayed due to the availability of the related financial information, as private equity and other funds are generally on a three-month lag and hedge funds generally on a one-month lag. Accordingly, income for period of July 1, 2021 to December 31, 2021 (Successor Company) and the period of January 1, 2021 to June 30, 2021 (Predecessor Company) and the years ended December 31, 2020 and 2019 (Predecessor Company), respectively, may not include the full impact of current year changes in valuation of the underlying assets and liabilities of the funds, which are generally obtained from the limited partnerships and other alternative investments’ general partners. Other investments consist of derivative instruments which are carried at fair value and real estate acquired in satisfaction of debt. Net Realized Capital Gains and Losses Net realized capital gains and losses from investment sales are reported as a component of revenues and are determined on a specific identification basis. Net realized capital gains and losses also result from fair value changes in equity securities and derivatives contracts (both freestanding and embedded) that do not qualify, or are not designated, as a hedge for accounting purposes. Impairments and changes in the ACL on fixed maturities, AFS; mortgage loans; and reinsurance recoverables are recognized as net realized capital losses in accordance with the Company’s impairment and ACL policies as discussed in Note 3 - Investments of Notes to Consolidated Financial Statements. Foreign currency transaction remeasurements are also included in net realized capital gains and losses. Net Investment Income
Derivative Instruments	Derivative Instruments Overview The Company utilizes a variety of over-the-counter ("OTC") transactions cleared through central clearing houses ("OTC-cleared") and exchange traded derivative instruments as part of its overall risk management strategy as well as to enter into replication transactions. The types of instruments may include swaps, caps, floors, forwards, futures and options to achieve one of four Company-approved objectives: • to hedge risk arising from interest rate, equity market, commodity market, credit spread and issuer default, price or currency exchange rate risk or volatility; • to manage liquidity; • to control transaction costs; • to enter into synthetic replication transactions. Interest rate and credit default swaps involve the periodic exchange of cash flows with other parties, at specified intervals, calculated using agreed upon rates or other financial variables and notional principal amounts. Generally, little to no cash or principal payments are exchanged at the inception of the contract. Typically, at the time a swap is entered into, the cash flow streams exchanged by the counterparties are equal in value. Interest rate cap and floor contracts entitle the purchaser to receive from the issuer at specified dates, the amount, if any, by which a specified market rate exceeds the cap strike interest rate or falls below the floor strike interest rate, applied to a notional principal amount. A premium payment determined at inception is made by the purchaser of the contract and no principal payments are exchanged. Forward contracts are customized commitments that specify a rate of interest or currency exchange rate to be paid or received on an obligation beginning on a future start date and are typically settled in cash. Financial futures are standardized commitments to either purchase or sell designated financial instruments, at a future date, for a specified price and may be settled in cash or through delivery of the underlying instrument. Futures contracts trade on organized exchanges. Margin requirements for futures are met by pledging securities or cash, and changes in the futures’ contract values are settled daily in cash. Option contracts grant the purchaser, for a premium payment, the right to either purchase from or sell to the issuer a financial instrument at a specified price, within a specified period or on a stated date. The contracts may reference commodities, which grant the purchaser the right to either purchase from or sell to the issuer commodities at a specified price, within a specified period or on a stated date. Option contracts are typically settled in cash. Foreign currency swaps exchange an initial principal amount in two currencies, agreeing to re-exchange the currencies at a future date, at an agreed upon exchange rate. There may also be a periodic exchange of payments at specified intervals calculated using the agreed upon rates and exchanged principal amounts. The Company’s derivative transactions conducted in insurance company subsidiaries are used in strategies permitted under the derivative use plans required by the State of Connecticut and the State of New York insurance departments. Accounting and Financial Statement Presentation of Derivative Instruments and Hedging Activities Derivative instruments are recognized on the Consolidated Balance Sheets at fair value and are reported in other investments and other liabilities. For balance sheet presentation purposes, the Company has elected to offset the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty or under a master netting agreement, which provides the Company with the legal right of offset. The Company clears certain interest rate swap and credit default swap derivative transactions through central clearing houses. OTC-cleared derivatives require initial collateral at the inception of the trade in the form of cash or highly liquid securities, such as U.S. Treasuries and government agency investments. Central clearing houses also require additional cash as variation margin based on daily market value movements. For information on collateral, see the derivative collateral arrangements section in Note 4 - Derivatives of Notes to Consolidated Financial Statements. In addition, OTC-cleared transactions include price alignment amounts either received or paid on the variation margin, which are reflected in realized capital gains and losses or, if characterized as interest, in net investment income. On the date the derivative contract is entered into, the Company designates the derivative as (1) a hedge of the variability in cash flows of a forecasted transaction or of amounts to be received or paid related to a recognized asset or liability (“cash flow” hedge), (2) a hedge of a net investment in a foreign operation (“net investment” hedge) or (3) held for other investment and/or risk management purposes, which primarily involve managing asset or liability related risks and do not qualify for hedge accounting. Cash Flow Hedges - Changes in the fair value of a derivative that is designated and qualifies as a cash flow hedge, including foreign-currency cash flow hedges, are recorded in AOCI and are reclassified into earnings when the variability of the cash flow of the hedged item impacts earnings. Gains and losses on derivative contracts that are reclassified from AOCI to current period earnings are included in the line item in the Consolidated Statements of Operations in which the cash flows of the hedged item are recorded. Periodic derivative net coupon settlements are recorded in the line item of the Consolidated Statements of Operations in which the cash flows of the hedged item are recorded. Cash flows from cash flow hedges are presented in the same category as the cash flows from the items being hedged on the Consolidated Statements of Cash Flows. Other Investment and/or Risk Management Activities - The Company’s other investment and/or risk management activities primarily relate to strategies used to reduce economic risk or replicate permitted investments and do not receive hedge accounting treatment. Changes in the fair value, including periodic derivative net coupon settlements, of derivative instruments held for other investment and/or risk management purposes are reported in current period earnings as net realized capital gains and losses. Hedge Documentation and Effectiveness Testing To qualify for hedge accounting treatment, a derivative must be highly effective in mitigating the designated changes in fair value or cash flow of the hedged item. At hedge inception, the Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking each hedge transaction. The documentation process includes linking derivatives that are designated as fair value, cash flow, or net investment hedges to specific assets or liabilities on the balance sheet or to specific forecasted transactions and defining the effectiveness testing methods to be used. The Company also formally assesses both at the hedge’s inception and ongoing on a quarterly basis, whether the derivatives that are used in hedging transactions have been and are expected to continue to be highly effective in offsetting changes in fair values, cash flows or net investment in foreign operations of hedged items. Hedge effectiveness is assessed primarily using quantitative methods as well as using qualitative methods. Quantitative methods include regression or other statistical analysis of changes in fair value or cash flows associated with the hedge relationship. Qualitative methods may include comparison of critical terms of the derivative to the hedged item. Discontinuance of Hedge Accounting The Company discontinues hedge accounting prospectively when (1) it is determined that the qualifying criteria are no longer met; (2) the derivative is no longer designated as a hedging instrument; or (3) the derivative expires or is sold, terminated or exercised. When cash flow hedge accounting is discontinued because the Company becomes aware that it is not probable that the forecasted transaction will occur, the derivative continues to be carried on the balance sheet at its fair value, and gains and losses that were accumulated in AOCI are recognized immediately in earnings. In other situations in which hedge accounting is discontinued, including those where the derivative is sold, terminated or exercised, amounts previously deferred in AOCI are reclassified into earnings when earnings are impacted by the hedged item. Embedded Derivatives The Company purchases investments, and has previously issued and assumed via reinsurance financial products that contain embedded derivative instruments. When it is determined that (1) the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host for measurement purposes. The embedded derivative, which is reported with the host instrument on the Consolidated Balance Sheets, is carried at fair value with changes in fair value reported in net realized capital gains and losses. Credit Risk Credit risk is defined as the risk of financial loss due to uncertainty of an obligor’s or counterparty’s ability or willingness to meet its obligations in accordance with agreed upon terms. Credit exposures are measured using the market value of the derivatives, resulting in amounts owed to the Company by its counterparties or potential payment obligations from the Company to its counterparties. The Company generally requires that OTC derivative contracts, other than certain forward contracts, be governed by International Swaps and Derivatives Association ("ISDA") agreements which are structured by legal entity and by counterparty, and permit right of offset. Some agreements require daily collateral settlement based upon agreed upon thresholds. For purposes of daily derivative collateral maintenance, credit exposures are generally quantified based on the prior business day’s market value and collateral is pledged to and held by, or on behalf of, the Company to the extent the current value of the derivatives exceed the contractual thresholds. For the Company’s domestic derivative programs, the maximum uncollateralized threshold for a derivative counterparty for a single legal entity is $10. The Company also minimizes the credit risk of derivative instruments by entering into transactions with high quality counterparties primarily rated A or better, which are monitored and evaluated by the Company’s risk management team and reviewed by senior management. OTC-cleared derivatives are governed by clearing house rules. Transactions cleared through a central clearing house reduce risk due to their ability to require daily variation margin and act as an independent valuation source. In addition, the Company monitors counterparty credit exposure on a monthly basis to ensure compliance with Company policies and statutory limitations. Derivative Instruments The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions. Derivative instruments are used to manage risk associated with interest rate, equity market, credit spread, issuer default, price, and currency exchange rate risk or volatility. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. The Company also may enter into and has previously issued financial instruments and products that either are accounted for as freestanding derivatives, such as certain reinsurance contracts, or as embedded derivative instruments, such as certain GMWB riders included with certain variable annuity products.
Cash	Cash Cash represents cash on hand and demand deposits with banks or other financial institutions.
Reinsurance	Reinsurance The Company cedes insurance to affiliated and unaffiliated insurers to enable the Company to manage capital and risk exposure. In ceding risks, the Company uses yearly renewable term, coinsurance and modified coinsurance arrangements and variation thereof. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company's ceded affiliated reinsurance arrangements are on a modified coinsurance and a coinsurance with funds withheld basis. Under modified coinsurance arrangements, both the ceded reserves and the investment assets that support the reserves are retained by the Company and profit and loss with respect to the obligations and investment returns flow through periodic net settlements. Under coinsurance with funds withheld arrangements, ceded reserves are transferred to the reinsurer, however, investment assets that support the reserves are retained by the Company, and profit and loss with respect to only the investment returns flow through periodic net settlements. Both modified coinsurance and coinsurance with funds withheld arrangements require the Company to establish segregated accounts in which the assets supporting the ceded obligations are maintained. A funds withheld liability is established which represents the fair value of investment assets segregated under modified coinsurance or coinsurance with funds withheld reinsurance arrangements. The funds withheld liability is comprised of a host contract and an embedded derivative. For ceded reinsurance agreements, the Company has an obligation to pay the total return on the assets supporting the funds withheld liability. Interest accrues at a risk-free rate on the host contract and is recorded as net investment income in the Consolidated Statements of Operations. The embedded derivative is similar to a total return swap on the income generated by the underlying assets held by the Company. The change in the embedded derivative is recorded in net realized capital gains (losses). The Company also cedes to and assumes from other insurers on coinsurance arrangements. Under coinsurance arrangements, reserves and investment assets are transferred from the ceding insurer to the reinsurer. In certain arrangements, the reinsurer will hold the assets supporting the reserves in a trust for the benefit of the ceding insurer. Reinsurance accounting is followed for ceded and assumed transactions that provide indemnification against loss or liability relating to insurance risk (i.e., risk transfer). To meet risk transfer requirements, a reinsurance agreement must include insurance risk, consisting of underwriting, investment, and timing risk, and a reasonable possibility of a significant loss to the reinsurer . If the ceded and assumed transactions do not meet risk transfer requirements, the Company accounts for these transactions as financing transactions. The deferred gain on or cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies. We generally have the right of offset on reinsurance contracts, but have elected to present balances due to and due from reinsurance counterparties on a gross basis on the financial statements. Premiums, benefits, losses and loss adjustment expenses reflect the net effects of ceded and assumed reinsurance transactions. Included in other assets are prepaid reinsurance premiums, which represent the portion of premiums ceded to reinsurers applicable to the unexpired terms of the reinsurance agreements. Included in reinsurance recoverables are balances due from reinsurance companies for paid and unpaid losses and loss adjustment expenses and are presented net of an ACL which is based on the expectation of lifetime credit loss. The Company evaluates the financial condition of its reinsurers and concentrations of credit risk. Reinsurance is placed with reinsurers that meet strict financial criteria established by the Company.
Value of Business Acquired	Value of Business Acquired VOBA represents the estimated value assigned to the right to receive future gross profits from cash flows and earnings of acquired insurance and investment contracts as of the date of the transaction. It is based on the actuarially estimated present value of future cash flows from the acquired insurance and investment contracts in-force as of the date of the transaction. The principal assumptions used in estimating VOBA include equity market returns, mortality, persistency, expenses, and discount rates, in addition to other factors that the Company expects to experience in future years. Actual experience on the acquired contracts may vary from these projections and the recovery of VOBA is dependent upon the future profitability of the related business. The Company amortizes VOBA over EGPs and it is reviewed for recoverability quarterly. The Company also uses the present value of EGPs to determine reserves for universal life type contracts (including variable annuities) with death or other insurance benefits such as guaranteed minimum death benefits, life-contingent guaranteed minimum withdrawal and universal life insurance secondary guarantee benefits. These benefits are accounted for and collectively referred to as death and other insurance benefit reserves and are held in addition to the account value liability representing policyholder funds. For most life insurance product contracts, including variable annuities, the Company estimates gross profits over 20 years as EGPs emerging subsequent to that time frame are immaterial. Future gross profits are projected over the estimated lives of the underlying contracts, based on future account value projections for variable annuity products. The projection of future account values requires the use of certain assumptions including: separate account returns; separate account fund mix; fees assessed against the contract holder’s account balance; f ull and partial surrender rates; interest credited; mortality; and annuitization rates. Changes in these assumptions and changes to other assumptions such as expenses and hedging costs cause EGPs to fluctuate, which impacts earnings. In the third quarter of 2021, the Company completed a comprehensive policyholder behavior assumption study which resulted in a non-market related after-tax charge and incorporated the results of that study into its projection of future gross profits. Additionally, throughout the year, the Company evaluates various aspects of policyholder behavior and will revise its policyholder behavior assumptions if credible emerging data indicates that changes are warranted. Upon completion of an annual assumption study or evaluation of credible new information, the Company will revise its assumptions to reflect its current best estimate. These assumption revisions will change the projected account values and the related EGPs in the VOBA models, as well as EGPs used in the death and other insurance benefit reserving models. All assumption changes that affect the estimate of future EGPs including the update of current account values and policyholder behavior assumptions are considered an Unlock in the period of revision. An Unlock adjusts the VOBA, death and other insurance benefit reserve balances on the Consolidated Balance Sheets with an offsetting benefit or charge on the Consolidated Statements of Operations in the period of the revision. An Unlock revises EGPs to reflect the Company's current best estimate assumptions. The Company also tests the aggregate recoverability of VOBA by comparing the existing balance to the present value of future EGPs. An Unlock that results in an after-tax benefit generally occurs as a result of actual experience or future expectations of product profitability being favorable compared to previous estimates. An Unlock that results in an after-tax charge generally occurs as a result of actual experience or future expectations of product profitability being unfavorable compared to previous estimates. Policyholders or their beneficiaries may make modifications to existing contracts. If the new modification results in a substantially changed replacement contract, the existing VOBA is written off through income. If the modified contract is not substantially changed, the existing VOBA continues to be amortized and incremental costs are expensed in the period incurred.
Reserve for Future Policy Benefits	Reserve for Future Policy Benefits Reserve for Future Policy Benefits on Universal Life-type Contracts Certain contracts classified as universal life-type include death and other insurance benefit features. These features include guaranteed minimum death benefit ("GMDB") and the life-contingent portion of guaranteed minimum withdrawal benefit ("GMWB") riders offered with variable annuity contracts, secondary guarantee benefits offered with universal life insurance contracts, as well as GLWB riders and guaranteed annuitization benefits offered by assumed FIA contracts. GMDB riders on variable annuities provide a death benefit during the accumulation phase that is generally equal to the greater of (a) the contract value at death or (b) premium payments less any prior withdrawals and may include adjustments that increase the benefit, such as for maximum anniversary value ("MAV"). For the Company's products with life-contingent GMWB riders, the withdrawal benefit can exceed the guaranteed remaining balance ("GRB"), which is generally equal to premiums less withdrawals. In addition to recording an account value liability that represents policyholder funds, the Company records a death and other insurance benefit liability for GMDBs, the life-contingent portion of GMWBs and the universal life insurance secondary guarantees. Universal life insurance secondary guarantee benefits ensure that the policy will not terminate, and will continue to provide a death benefit, even if there is insufficient policy value to cover the monthly deductions and charges. GLWBs on FIA contracts allow guaranteed lifetime withdrawals even if account value is otherwise insufficient. Certain FIA contracts contain a second notional account value which provides additional annuitization benefits. This death and other insurance benefit liability is reported in reserve for future policy benefits on the Company’s Consolidated Balance Sheets. Changes in the death and other insurance benefit reserves are recorded in benefits, losses and loss adjustment expenses in the Company’s Consolidated Statements of Operations. The death and other insurance benefit liability is determined by estimating the expected present value of the benefits in excess of the policyholder’s expected account value in proportion to the present value of total expected assessments and investment margin. Total expected assessments are the aggregate of all contract charges, including those for administration, mortality, expense, and surrender. The liability is accrued as actual assessments are earned. The expected present value of benefits and assessments are generally derived from a set of stochastic scenarios that have been calibrated to assumed market rates of return and assumptions including volatility, discount rates, lapse rates and mortality experience. Consistent with the Company’s policy on the Unlock, the Company regularly evaluates estimates used and adjusts the liability, with a related charge or credit to benefits, losses and loss adjustment expenses. For further information on the Unlock, see the Value of Business Acquired accounting policy section within this footnote. The Company reinsures a majority of its in-force GMDB and GMWB and all of its universal life insurance secondary guarantees. Reserve for Future Policy Benefits on Traditional Annuity and Other Contracts Traditional annuities recorded within the reserve for future policy benefits primarily include life-contingent contracts in the payout phase such as structured settlements and terminal funding agreements. Other contracts within the reserve for policyholder benefits include whole life and guaranteed term life insurance contracts. The reserve for future policy benefits is calculated using standard actuarial methods considering the present value of future benefits and related expenses to be paid less the present value of the portion of future premiums required using assumptions “locked in” at the time the policies were issued, including discount rate, withdrawal, mortality and expense assumptions deemed appropriate at the issue date. Future policy benefits are computed at amounts that, with additions from any estimated premiums to be received and with interest on such reserves compounded annually at assumed rates, are expected to be sufficient to meet the Company’s policy obligations at their maturities or in the event of an insured’s death. While assumptions are locked in upon issuance of new contracts and annuitizations of existing contracts, significant changes in experience or assumptions may require the Company to establish premium deficiency reserves. Premium deficiency reserves, if any, are established based on current assumptions without considering a provision for adverse deviation. Changes in or deviations from the assumptions used can significantly affect the Company’s reserve levels and results from operations. The Company uses reinsurance for a portion of its fixed and payout annuity businesses and its life insurance business.
Other Policyholder Funds and Benefits Payable and Separate Account Liabilities	Other Policyholder Funds and Benefits PayableOther policyholder funds and benefits payable primarily include the non-variable account values associated with variable annuity, assumed FIA and other universal life-type contracts, investment contracts, assumed FIAs and the non-life contingent portion of variable annuity GMWBs that are accounted for as embedded derivatives at fair value as well as other policyholder account balances associated with our life insurance businesses and assumed reinsurance. Investment contracts are non-life contingent and include institutional and governmental deposits, structured settlements and fixed annuities. The liability for investment contracts is equal to the balance that accrues to the benefit of the contract holder as of the financial statement date, which includes the accumulation of deposits plus credited interest, less withdrawals, payments and assessments through the financial statement date. For discussion of fair value of GMWBs and assumed FIAs that represent embedded derivatives, see Note Separate Account Liabilities The Company records the variable account value portion of variable annuities, variable life insurance products and individual, institutional, and governmental investment contracts within separate accounts. Separate account assets are reported at fair value and separate account liabilities are reported at amounts consistent with separate account assets. Investment income and gains and losses from those separate account assets accrue directly to the policyholder, who assumes the related investment risk, and are offset by change in the related liability. The Company earns fee income for investment management, certain administrative services and mortality and expense risks.
Fair Value of Financial Instruments	The Company carries certain financial assets and liabilities at estimated fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants. Our fair value framework includes a hierarchy that gives the highest priority to the use of quoted prices in active markets, followed by the use of market observable inputs, followed by the use of unobservable inputs. The fair value hierarchy levels are as follows: Level 1 Fair values based primarily on unadjusted quoted prices for identical assets, or liabilities, in active markets that the Company has the ability to access at the measurement date. Level 2 Fair values primarily based on observable inputs, other than quoted prices included in Level 1, or based on prices for similar assets and liabilities. Valuation Techniques The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar instruments. Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market expectations. The Company uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order: • Quoted prices, unadjusted, for identical assets or liabilities in active markets, which are classified as Level 1. • Prices from third-party pricing services, which primarily utilize a combination of techniques. These services utilize recently reported trades of identical, similar, or benchmark securities making adjustments for market observable inputs available through the reporting date. If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate. Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk. Most prices provided by third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable. However, some securities that are less liquid or trade less actively are classified as Level 3. Additionally, certain long-dated securities, such as municipal securities and bank loans, include benchmark interest rate or credit spread assumptions that are not observable in the marketplace and are thus classified as Level 3. • Internal matrix pricing is a valuation process internally developed for private placement securities for which the Company is unable to obtain a price from a third-party pricing service. Internal pricing matrices determine credit spreads that, when combined with risk-free rates, are applied to contractual cash flows to develop a price. The Company develops credit spreads using market based data for public securities adjusted for credit spread differentials between public and private securities, which are obtained from a survey of multiple private placement brokers. The market-based reference credit spread considers the issuer’s sector, financial strength, and term to maturity, using an independent public security index, while the credit spread differential considers the non-public nature of the security. Securities priced using internal matrix pricing are classified as Level 2 because the significant inputs are observable or can be corroborated with observable data. • Independent broker quotes, which are typically non-binding use inputs that can be difficult to corroborate with observable market based data. Brokers may use present value techniques using assumptions specific to the security types, or they may use recent transactions of similar securities. Due to the lack of transparency in the process that brokers use to develop prices, valuations that are based on independent broker quotes are classified as Level 3. The fair value of freestanding derivative instruments is determined primarily using a discounted cash flow model or option model technique and incorporates counterparty credit risk. In some cases, quoted market prices for exchange-traded and OTC cleared derivatives may be used and in other cases independent broker quotes may be used. The pricing valuation models primarily use inputs that are observable in the market or can be corroborated by observable market data. The valuation of certain derivatives may include significant inputs that are unobservable, such as volatility levels, and reflect the Company’s view of what other market participants would use when pricing such instruments. Unobservable market data is used in the valuation of customized derivatives that are used to hedge certain GMWB variable annuity riders. See the section “GMWB Embedded, Customized, and Reinsurance Derivatives” below for further discussion of the valuation model used to value these customized derivatives. Valuation Inputs Quoted prices for identical assets in active markets are considered Level 1 and consist of on-the-run U.S. Treasuries, money market funds, exchange-traded equity securities, open-ended mutual funds, certain short-term investments, and exchange traded futures and option contracts. Valuation Inputs Used in Levels 2 and 3 Measurements for Securities and Freestanding Derivatives Level 2 Level 3 Fixed Maturity Investments Structured securities (includes ABS, CLOs, CMBS and RMBS) • Benchmark yields and spreads Other inputs for ABS, CLOs, and RMBS: • Independent broker quotes Other inputs for less liquid securities or those that trade less actively, including subprime RMBS: Corporates • Benchmark yields and spreads Other inputs for investment grade privately placed securities that utilize internal matrix pricing: • Independent broker quotes Other inputs for below investment grade privately placed securities and private bank loans: U.S Treasuries, Municipals, and Foreign government/government agencies • Benchmark yields and spreads • Credit spreads beyond observable curve Equity Securities • Quoted prices in markets that are not active • For privately traded equity securities, internal discounted cash flow models utilizing earnings multiples or other cash flow assumptions that are not observable Short-term Investments • Benchmark yields and spreads • Independent broker quotes Derivatives Credit derivatives • Swap yield curve Not applicable Foreign exchange derivatives • Swap yield curve Not applicable Interest rate derivatives • Swap yield curve • Independent broker quotes GMWB and FIA Embedded, Customized and Reinsurance Derivatives GMWB Embedded Derivatives The Company formerly offered certain variable annuity products with GMWB riders that provide the policyholder with a GRB which is generally equal to premiums less withdrawals. If the policyholder’s account value is reduced to a specified level through a combination of market declines and withdrawals but the GRB still has value, the Company is obligated to continue to make annuity payments to the policyholder until the GRB is exhausted. When payments of the GRB are not life-contingent, the GMWB represents an embedded derivative carried at fair value reported in other policyholder funds and benefits payable on the Consolidated Balance Sheets with changes in fair value reported in net realized capital gains and losses. FIA Embedded Derivative The Company assumed through reinsurance FIA contracts that provide the policyholder with benefits that depend on the performance of market indices. Benefits in excess of contract guarantees represent an embedded derivative carried at fair value and reported in other policyholder funds and benefits payable on the Consolidated Balance Sheets with changes in fair value reported in net realized capital gains (losses). Freestanding Customized Derivatives The Company previously held freestanding customized derivative contracts to provide protection from certain capital markets risks for the remaining term of specified blocks of GMWB riders written on a direct basis. These customized derivatives are based on policyholder behavior assumptions specified at the inception of the derivative contracts. The Company retained the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices. These derivatives were reported on the Consolidated Balance Sheets within other investments or other liabilities, as appropriate, after considering the impact of master netting agreements. GMWB Reinsurance Derivative The Company has reinsurance arrangements with unaffiliated reinsurers in place to transfer a portion of its risk of loss due to GMWB. These arrangements are recognized as derivatives carried at fair value and reported in reinsurance recoverables on the Consolidated Balance Sheets. Changes in the fair value of the reinsurance agreements are reported in net realized capital gains and losses. Valuation Techniques Fair values for FIA and GMWB embedded derivatives, freestanding customized derivatives and reinsurance derivatives are classified as Level 3 in the fair value hierarchy and are calculated using internally developed models that utilize significant unobservable inputs because active, observable markets do not exist for these items. In valuing the GMWB embedded derivative, the Company attributes to the derivative a portion of the expected fees to be collected over the expected life of the contract from the contract holder equal to the present value of future GMWB claims. The excess of fees collected from the contract holder in the current period over the portion of fees attributed to the embedded derivative in the current period are associated with the host variable annuity contract and reported in fee income. Valuation Inputs The fair value for each of the non-life contingent GMWBs, FIA embedded derivative, the freestanding customized derivatives and the GMWB reinsurance derivative is calculated as an aggregation of the following components: Best Estimate Benefits; Credit Standing Adjustment; and Margins. The Company believes the aggregation of these components results in an amount that a market participant in an active liquid market would require, if such a market existed, to assume the risks associated with the guaranteed minimum benefits and the related reinsurance and customized derivatives. Each component described in the following discussion is unobservable in the marketplace and requires subjectivity by the Company in determining its value. Best Estimate Benefits The Best Estimate Benefits are calculated based on actuarial and capital market assumptions related to projected cash flows, including the present value of benefits and related contract charges, over the lives of the contracts, incorporating unobservable inputs including expectations concerning policyholder behavior. Credit Standing Adjustment The credit standing adjustment is an estimate of the adjustment to the fair value that market participants would require in determining fair value to reflect the risk that GMWB benefit obligations or the GMWB reinsurance recoverables will not be fulfilled. The Company incorporates a blend of estimates of peer company and reinsurer bond spreads and credit default spreads from capital markets, adjusted for market recoverability. Margins The behavior risk margin adds a margin that market participants would require, in determining fair value, for the risk that the Company’s assumptions about policyholder behavior could differ from actual experience. The behavior risk margin is calculated by taking the difference between adverse policyholder behavior assumptions and best estimate assumptions. Valuation Inputs Used in Levels 2 and 3 Measurements for GMWB and FIA Embedded, Customized and Reinsurance Derivatives Level 2 Level 3 • Risk-free rates as represented by the Eurodollar futures, LIBOR deposits and swap rates to derive forward curve rates • Correlations of 10 years of observed historical returns across underlying well-known market indices • Correlations of historical index returns compared to separate account fund returns • Equity index levels • Market implied equity volatility assumptions Assumptions about policyholder behavior, including:
Derivatives, Methods of Accounting	Strategies that Qualify for Hedge Accounting Some of the Company's derivatives satisfy hedge accounting requirements as outlined in Note 1 of these financial statements. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. As a result of pushdown accounting, derivative instruments that previously qualified for hedge accounting were de-designated and recorded at fair value through adjustments to additional paid in capital at the acquisition date. The hedge strategies by hedge accounting designation include: Cash Flow Hedges Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates. Non-qualifying Strategies Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting. The non-qualifying strategies include: Interest Rate Swaps, Swaptions and Futures The Company uses interest rate swaps, swaptions and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the notional amount of interest rate swaps in offsetting relationships was $506 and $1.3 billion, respectively. Foreign Currency Swaps and Forwards The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company also enters into foreign currency forwards to hedge non-U.S. dollar denominated cash. Fixed Payout Annuity Hedge The Company previously had obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company had in place swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments. The last swap matured on October 31, 2019. Credit Contracts Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty or the Company should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward. Equity Index Swaps and Options The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. Macro Hedge Program The Company utilizes equity swaps, options and futures as well as interest rate swaps to provide protection against the statutory tail scenario risk to the Company's statutory surplus arising from higher guaranteed minimum death benefits ("GMDB") claims as well as lower variable annuity fee revenue. GMWB Derivatives, net The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer the majority of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as freestanding derivatives with a notional amount equal to the GRB reinsured. During 2020 (Predecessor Company), the Company closed the dynamic hedging program as the targeted risk exposure was no longer significant. Any risks covered previously under the dynamic hedging program are now covered by the macro hedge program. The Company previously utilized derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the GMWB riders written on a direct basis. The GMWB hedging instruments hedged changes in interest rates, equity market levels, and equity volatility. These derivatives included customized swaps, interest rate swaps and futures and equity swaps, options and futures on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retained the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices. FIA Embedded Derivative On December 30, 2021, the Company assumed through reinsurance, certain FIA products with index-based crediting that constitutes an embedded derivative. The cedant hedges this risk and provides the benefits of this hedging as part of the reinsurance settlements.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Pushdown Accounting	The table below shows the main balance sheet line items impacted in pushdown accounting for the Sixth Street Acquisition, as of July 1, 2021: Cash and invested assets $ 19,711 VOBA 565 Deferred income taxes 737 Goodwill 97 Other intangible assets 67 Reinsurance recoverables and other assets 29,442 Separate account assets 112,857 Total assets 163,476 Reserves for future policy benefits 21,122 Other policyholder funds and benefits payable 25,961 Other liabilities 1,653 Separate account liabilities 112,857 Total liabilities 161,593 Equity 1,883 Total liabilities and stockholder's equity $ 163,476
Accounting Standards Update and Change in Accounting Principle	Summary of Adoption Impacts ACL on mortgage loans $ (9) ACL on reinsurance recoverables (5) Deferred income tax assets 3 Net decrease to retained earnings $ (11)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Assets and (liabilities) carried at fair value by hierarchy level	Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2021 (Successor Company) Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs Significant Unobservable Inputs (Level 3) Assets Accounted for at Fair Value on a Recurring Basis Fixed maturities, AFS Asset backed securities ("ABS") $ 258 $ — $ 258 $ — Collateralized loan obligations ("CLOs") 944 — 785 159 Commercial mortgage-backed securities ("CMBS") 2,335 — 2,059 276 Corporate 13,357 39 12,653 665 Foreign government/government agencies 362 — 362 — Municipal 1,456 — 1,455 1 Residential mortgage-backed securities ("RMBS") 811 — 737 74 U.S. Treasuries 1,448 127 1,321 — Total fixed maturities 20,971 166 19,630 1,175 Equity securities, at fair value 203 11 171 21 Derivative assets Credit derivatives 2 — 2 — Foreign exchange derivatives 7 — 7 — Interest rate derivatives 18 — 15 3 Macro hedge program 16 — (11) 27 Total derivative assets [1] 43 — 13 30 Short-term investments 1,254 744 435 75 Reinsurance recoverable for GMWB (8) — — (8) Separate account assets [2] 110,021 69,089 40,449 79 Total assets accounted for at fair value on a recurring basis $ 132,484 $ 70,010 $ 60,698 $ 1,372 Liabilities accounted for at fair value on a recurring basis Other policyholder funds and benefits payable FIA embedded derivative $ (655) $ — $ — $ (655) GMWB embedded derivative 80 — — 80 Total other policyholder funds and benefits payable (575) — — (575) Derivative liabilities Foreign exchange derivatives 2 — 2 — Interest rate derivatives (25) — (22) (3) Macro hedge program (229) — (14) (215) Total derivative liabilities [3] (252) — (34) (218) Modified coinsurance reinsurance contracts 15 — 15 — Total liabilities accounted for at fair value on a recurring basis $ (812) $ — $ (19) $ (793) Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2020 (Predecessor Company) Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs Significant Unobservable Inputs Assets Accounted for at Fair Value on a Recurring Basis Fixed maturities, AFS ABS $ 444 $ — $ 444 $ — CLOs 1,428 — 1,169 259 CMBS 1,215 — 1,161 54 Corporate 8,552 — 8,224 328 Foreign government/government agencies 266 — 266 — Municipal 875 — 875 — RMBS 769 — 615 154 U.S. Treasuries 1,326 117 1,209 — Total fixed maturities 14,875 117 13,963 795 Equity securities, at fair value 65 11 22 32 Derivative assets Foreign exchange derivatives (1) — (1) — Interest rate derivatives 6 — 4 2 Macro hedge program 7 — 7 — Total derivative assets [1] 12 — 10 2 Short-term investments 802 586 194 22 Reinsurance recoverable for GMWB 7 — — 7 Separate account assets [2] 108,748 67,679 40,609 20 Total assets accounted for at fair value on a recurring basis $ 124,509 $ 68,393 $ 54,798 $ 878 Liabilities accounted for at fair value on a recurring basis Other policyholder funds and benefits payable GMWB embedded derivative $ 21 $ — $ — $ 21 Total other policyholder funds and benefits payable 21 — — 21 Derivative liabilities Foreign exchange derivatives (1) — (1) — Interest rate derivatives (19) — (19) — Macro hedge program (460) — (19) (441) Total derivative liabilities [3] (480) — (39) (441) Modified coinsurance reinsurance contracts (93) — (93) — Total liabilities accounted for at fair value on a recurring basis $ (552) $ — $ (132) $ (420) [1] Includes derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements and applicable law. See footnote 3 to this table for derivative liabilities. [2] Approximately $1.6 billion and $877 of investment sales receivables, as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively, are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Included in the total fair value amount are $404 and $441 of investments, as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively, for which the fair value is estimated using the net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy. [3] Includes derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements and applicable law.
Fair Value Measurement Inputs and Valuation Techniques	Significant Unobservable Inputs for Level 3 - Securities As of December 31, 2021 (Successor Company) Assets Accounted for at Fair Value on a Recurring Basis Fair Value Predominant Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] CLOs [3] $ 159 Discounted cash flows Spread 234bps 258bps 257bps Decrease CMBS [3] 276 Discounted cash flows Spread (encompasses 203bps 637bps 303bps Decrease Corporate [4] 623 Discounted cash flows Spread 125bps 1,227bps 278bps Decrease RMBS [3] 65 Discounted cash flows Spread [6] 39bps 229bps 90bps Decrease Constant prepayment rate [6] 4% 16% 8% Decrease [5] Constant default rate [6] 1% 4% 3% Decrease Loss severity [6] —% 100% 64% Decrease As of December 31, 2020 (Predecessor Company) Assets accounted for at Fair Value on a Recurring Basis Fair Value Predominant Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] CLOs [3] $ 259 Discounted cash flows Spread 249bps 305bps 304bps Decrease CMBS [3] 49 Discounted cash flows Spread (encompasses 255bps 1,582bps 570bps Decrease Corporate [4] 269 Discounted cash flows Spread 116bps 1,210bps 304bps Decrease RMBS [3] 154 Discounted cash flows Spread [6] 7bps 592bps 119bps Decrease Constant prepayment rate [6] —% 10% 5% Decrease [5] Constant default rate [6] 2% 6% 3% Decrease Loss severity [6] —% 100% 81% Decrease [1] The weighted average is determined based on the fair value of the securities. [2] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. [3] Excludes securities for which the Company bases fair value on broker quotations. [4] Excludes securities for which the Company bases fair value on broker quotations; however, included are broker-priced lower-rated private placement securities for which the Company receives spread and yield information to corroborate the fair value. [5] Decrease for above market rate coupons and increase for below market rate coupons. [6] Generally, a change in the assumption used for the constant default rate would have been accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for constant prepayment rate and would have resulted in wider spreads. The tables below exclude certain securities for which fair values are predominately based on independent broker quotes. Significant Unobservable Inputs for Level 3 - Freestanding Derivatives As of December 31, 2021 (Successor Company) Fair Value Predominant Valuation Technique Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] Interest rate derivatives Interest rate swaps $ 3 Discounted cash flows Swap curve beyond 30 years 2% 2% 2% Decrease Interest rate swaptions (3) Option model Interest rate volatility 1% 1% 1% Increase Macro hedge program [3] [4] Equity options (195) Option model Equity volatility 17% 63% 28% Increase Interest rate swaption 7 Option model Interest rate volatility 1% 1% 1% Increase As of December 31, 2020 (Predecessor Company) Fair Value Predominant Valuation Technique Significant Unobservable Input Minimum Maximum Weighted Average [1] Impact of Increase in Input on Fair Value [2] Interest rate derivatives Interest rate swaps $ 2 Discounted cash flows Swap curve beyond 30 years 1% 1% 1% Decrease Macro hedge program [3] [4] Equity options (471) Option model Equity volatility —% 53% 31% Increase Customized swaps 21 Discounted cash flows Equity volatility 16% 26% 19% Increase Interest rate swaption 9 Option model Interest rate volatility 1% 1% 1% Increase [1] The weighted average is determined based on the fair value of the securities. [2] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. Changes are based on long positions, unless otherwise noted. Changes in fair value will be inversely impacted for short positions. [3] Excludes derivatives for which the Company bases fair value on broker quotations. [4] Includes activity previously reported as GMWB hedging instruments. For further discussion please refer to the section GMWB Derivatives, net in Note 4 - Derivatives of Notes to Consolidated Financial Statements. Significant Unobservable Inputs for Level 3 GMWB Embedded, Customized and Reinsurance Derivatives As of December 31, 2021 (Successor Company) Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Weighted Impact of Increase in Input Withdrawal utilization [2] —% 100% 62% Increase Withdrawal rates [3] 4% 8% 6% Increase Lapse rates [4] —% 48% 5% Decrease [8] Reset elections [5] —% 99% 8% Decrease [8] Equity volatility [6] 11% 25% 21% Increase Credit standing adjustment [7] 0.03% 0.15% 0.09% Decrease As of December 31, 2020 (Predecessor Company) Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Weighted Impact of Increase in Input Withdrawal utilization [2] —% 100% 62% Increase Withdrawal rates [3] 4% 8% 6% Increase Lapse rates [4] —% 55% 5% Decrease [8] Reset elections [5] —% 99% 8% Decrease [8] Equity volatility [6] 16% 28% 21% Increase Credit standing adjustment [7] 0.18% 0.45% 0.34% Decrease Significant Unobservable Inputs for Level 3 FIA Embedded Derivative As of December 31, 2021 (Successor Company) Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Weighted Average Impact of Increase in Input Withdrawal rates [3] —% 16% 2% Decrease Lapse rates [4] 1% 34% 6% Decrease Option budgets [9] 1% 4% 2% Increase Credit standing adjustment [7] 0.01% 0.08% 0.05% Decrease [1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. [2] Range represents assumed percentages of policyholders taking withdrawals. [3] Range represents assumed annual percentage of allowable amount withdrawn. [4] Range represents assumed annual percentages of policyholders electing a full surrender. [5] Range represents assumed annual percentages of eligible policyholders electing to reset their guaranteed benefit base. [6] Range represents implied market volatilities for equity indices based on multiple pricing sources. [7] Range represents Company credit spreads, adjusted for market recoverability. [8] The impact may be an increase for some contracts, particularly those with out of the money guarantees. [9] Range represents assumed annual budget for index options.
Roll-forward of Financial Instruments Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table presents a reconciliation of the beginning and ending balances for fair value measurements for the period of July 1, 2021 to December 31, 2021 (Successor Company), for which the Company used significant unobservable inputs (Level 3): Fair Value Rollforwards for Financial Instruments Classified as Level 3 Total Realized/Unrealized Gains (Losses) Fair Value as of July 1, 2021 Included in Net Income [1] [2] [6] Included in OCI [3] Purchases Settlements Sales Transfers into Transfers out of Level 3 [4] Fair Value as of December 31, 2021 Assets Fixed maturities, AFS ABS $ 8 $ — $ — $ — $ — $ — $ — $ (8) $ — CLOs 248 — — 34 (64) — — (59) 159 CMBS 143 — (2) 136 (1) — — — 276 Corporate 460 3 (2) 245 (30) (11) — — 665 Municipal — — — — — — 1 — 1 RMBS 108 — — 29 (29) (19) — (15) 74 Total fixed maturities, AFS 967 3 (4) 444 (124) (30) 1 (82) 1,175 Equity securities, at fair value 33 20 — — (32) — — — 21 Freestanding derivatives Interest rate 2 2 — (4) — — — — — Total freestanding derivatives [5] 2 2 — (4) — — — — — Reinsurance recoverable for GMWB (6) (8) — — 6 — — — (8) Separate accounts 15 — — 71 — (5) 4 (6) 79 Short-term investments 14 — — 88 (27) — — — 75 Total assets $ 1,025 $ 17 $ (4) $ 599 $ (177) $ (35) $ 5 $ (88) $ 1,342 Liabilities Freestanding derivatives Macro hedge program $ (237) $ 153 $ — $ (1) $ (103) $ — $ — $ — $ (188) Total freestanding derivatives [5] (237) 153 — (1) (103) — — — (188) Other policyholder funds and benefits payable FIA embedded derivative — — — (655) — — — — (655) Guaranteed withdrawal benefits 77 29 — — (26) — — — 80 Total other policyholder funds and benefits payable 77 29 — (655) (26) — — — (575) Total liabilities $ (160) $ 182 $ — $ (656) $ (129) $ — $ — $ — $ (763) The following table presents a reconciliation of the beginning and ending balances for fair value measurements for the six months ended June 30, 2021 (Predecessor Company), for which the Company used significant unobservable inputs (Level 3): Fair Value Rollforwards for Financial Instruments Classified as Level 3 Total Realized/Unrealized Gains (Losses) Fair Value as of December 31, 2020 Included in Net Income [1] [2] [6] Included in OCI [3] Purchases Settlements Sales Transfers into Transfers out of Level 3 [4] Fair Value as of June 30, 2021 Assets Fixed maturities, AFS ABS $ — $ — $ — $ 10 $ — $ — $ — $ (2) $ 8 CLOs 259 — — 50 (36) — — (25) 248 CMBS 54 — 2 90 — — 2 (5) 143 Corporate 328 — (6) 132 (23) (9) 53 (15) 460 RMBS 154 — 1 5 (34) (15) — (3) 108 Total fixed maturities, AFS 795 — (3) 287 (93) (24) 55 (50) 967 Equity securities, at fair value 32 — — 1 — — — — 33 Freestanding derivatives Interest rate 2 — — — — — — — 2 Total freestanding derivatives [5] 2 — — — — — — — 2 Reinsurance recoverable for GMWB 7 (19) — — 6 — — — (6) Separate accounts 20 — — 2 — (4) 2 (5) 15 Short-term investments 22 — — 2 (10) — — — 14 Total assets $ 878 $ (19) $ (3) $ 292 $ (97) $ (28) $ 57 $ (55) $ 1,025 Liabilities Freestanding derivatives Macro hedge program $ (441) $ 385 $ — $ 12 $ (193) $ — $ — $ — $ (237) Total freestanding derivatives [5] (441) 385 — 12 (193) — — — (237) Other policyholder funds and benefits payable Guaranteed withdrawal benefits 21 82 — — (26) — — — 77 Total other policyholder funds and benefits payable 21 82 — — (26) — — — 77 Total liabilities $ (420) $ 467 $ — $ 12 $ (219) $ — $ — $ — $ (160) The following table presents a reconciliation of the beginning and ending balances for fair value measurements for the year ended December 31, 2020 (Predecessor Company), for which the Company used significant unobservable inputs (Level 3): Fair Value Rollforwards for Financial Instruments Classified as Level 3 Total Realized/Unrealized Gains (Losses) Fair Value as of December 31, 2019 Included in Net Income [1] [2] [6] Included in OCI [3] Purchases Settlements Sales Transfers into Transfers out of Level 3 [4] Fair Value as of December 31, 2020 Assets Fixed maturities, AFS ABS $ 13 $ — $ (1) $ 40 $ — $ — $ — $ (52) $ — CLOs 58 — 2 237 (28) — — (10) 259 CMBS 37 — (3) 18 — — 2 — 54 Corporate 387 2 12 51 (40) (24) 357 (417) 328 RMBS 247 — — 57 (64) (28) — (58) 154 Total fixed maturities, AFS 742 2 10 403 (132) (52) 359 (537) 795 Equity securities, at fair value 33 — — 1 — (2) — — 32 Freestanding derivatives Interest rate (2) 4 — — — — — — 2 GWMB hedging instruments 38 (38) — — — — — — — Total freestanding derivatives [5] 36 (34) — — — — — — 2 Reinsurance recoverable for GMWB 17 (21) — — 11 — — — 7 Separate accounts 23 — — 12 — (7) — (8) 20 Short-term investments 6 — — 22 (6) — — — 22 Total assets $ 857 $ (53) $ 10 $ 438 $ (127) $ (61) $ 359 $ (545) $ 878 Liabilities Freestanding derivatives Macro hedge program (113) (456) — 339 (211) — — — (441) Total freestanding derivatives [5] (113) (456) — 339 (211) — — — (441) Other policyholder funds and benefits payable Guaranteed withdrawal benefits 5 67 — — (51) — — — 21 Total other policyholder funds and benefits payable 5 67 — — (51) — — — 21 Total liabilities $ (108) $ (389) $ — $ 339 $ (262) $ — $ — $ — $ (420) [1] The Company classifies realized and unrealized gains (losses) on FIA and GMWB reinsurance derivatives and GMWB embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives. [2] Amounts in these columns are generally reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization. [3] All amounts are before income taxes and amortization. [4] Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs. [5] Derivative instruments are reported in this table on a net basis for asset (liability) positions and reported in the Consolidated Balance Sheets in other investments and other liabilities. [6] Includes both market and non-market impacts in deriving realized and unrealized gains (losses). Changes in Unrealized Gains (Losses) Included in Net Income for Financial Instruments Classified as Level 3 Still Held at End of Period [1] [2] Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Year Ended December 31, 2020 Assets Freestanding derivatives Interest rate $ 2 $ (40) $ 6 GMWB hedging instruments [3] (16) Total freestanding derivatives 2 (40) (10) Reinsurance recoverable for GMWB (8) (19) (21) Total assets (6) (59) (31) Liabilities Freestanding derivatives Macro hedge program [3] (63) (121) (212) Total freestanding derivatives (63) (121) (212) Other policyholder funds and benefits payable Guaranteed withdrawal benefits 29 82 67 Total other policyholder funds and benefits payable 29 82 67 Total liabilities $ (34) $ (39) $ (145) [1] All amounts presented are reported in net realized capital gains (losses).The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization. [2] Amounts presented are for Level 3 only and therefore may not agree to other disclosures included herein. [3] The dynamic hedge program, which included GMWB hedging instruments, was closed in the first half of 2020. Any risks previously covered by the dynamic hedging are now covered by the macro hedge program. Changes in Unrealized Gains (Losses) Included in OCI for Financial Instruments Classified as Level 3 Still Held at End of Period [1] Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Year Ended December 31, 2020 Assets Fixed maturities, AFS CLOs $ — $ — $ 1 CMBS (2) 3 (3) Corporate (2) (4) 7 RMBS — 1 (1) Total fixed maturities, AFS (4) — 4 Total assets $ (4) $ — $ 4 [1] Changes in unrealized gains (losses) on fixed maturities, AFS are reported in changes in net unrealized gain on fixed maturities, AFS on the Consolidated Statements of Comprehensive Income (Loss).
Fair Value Disclosure of Asset and Liability Not Measured at Fair Value	Financial Assets and Liabilities Not Carried at Fair Value Fair Value Successor Company Predecessor Company Carrying Amount [1] Fair Carrying Amount [1] Fair December 31, 2021 December 31, 2020 Assets Policy loans Level 3 $ 1,484 $ 1,484 $ 1,452 $ 1,452 Mortgage loans [1] Level 3 $ 2,131 $ 2,138 $ 2,092 $ 2,248 Liabilities Other policyholder funds and benefits payable [2] Level 3 $ 5,137 $ 4,792 $ 5,282 $ 5,261 Funds withheld liability Level 3 $ 6,379 $ 6,379 [1] As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the carrying amount of mortgage loans was net of ACL of $12 and $17, respectively. [2] Excludes group accident and health and universal life insurance contracts, including Corporate Owned Life Insurance ("COLI").

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Investment Income	Net Investment Income Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, (Before tax) 2020 2019 Fixed maturities [1] $ 174 $ 243 $ 518 $ 586 Equity securities 10 2 7 6 Mortgage loans 32 45 92 92 Policy loans 36 40 82 84 Limited partnerships and other alternative investments 259 216 130 161 Other [2] 1 1 13 19 Investment expense (14) (13) (26) (24) Total net investment income $ 498 $ 534 $ 816 $ 924 [1] Includes net investment income on short-term investments. [2] Includes income from derivatives that qualify for hedge accounting and hedge fixed maturities along with income on assets from the COLI block of business.
Realized Gain (Loss) on Investments	Net Realized Capital Gains (Losses) Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, (Before tax) 2020 2019 Gross gains on sales $ 14 $ 55 $ 166 $ 67 Gross losses on sales (20) (8) (32) (18) Net realized gains (losses) on sales of equity securities 19 — — — Change in net unrealized gains (losses) on equity securities [1] (2) — 1 2 Net credit losses on fixed maturities, AFS [2] — — (1) Change in ACL on mortgage loans [3] — 6 (8) Intent-to-sell impairments — — (6) — Net other-than-temporary impairments ("OTTI") losses recognized in earnings (4) Results of variable annuity hedge program: GMWB derivatives, net 82 53 Macro hedge program (67) (243) (414) (418) Total results of variable annuity hedge program (67) (243) (332) (365) Transactional foreign currency revaluation — — 3 (4) Non-qualifying foreign currency derivatives 5 (2) (7) (4) Modified coinsurance reinsurance derivative contracts 15 22 (50) (55) Other, net [4] 16 (72) 192 106 Net realized capital losses $ (20) $ (242) $ (74) $ (275) [1] The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of December 31, 2021, were $(3) for the period of July 1, 2021 to December 31, 2021 (Successor Company). The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of June 30, 2021, were $1 for the six months ended June 30, 2021 (Predecessor Company). The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of December 31, 2020, were $4 for the year ended December 31, 2020 (Predecessor Company). The net unrealized gains (losses) on equity securities included in net realized capital gains (losses) related to equity securities still held as of December 31, 2019 were $(2) for year ended December 31, 2019 (Predecessor Company). [2] Due to the adoption of accounting guidance for credit losses on January 1, 2020, realized capital losses previously reported as OTTI are now presented as credit losses which are net of any recoveries. For further information, refer to Note 1 - Basis of Presentation and Significant Accounting Policies. [3] Represents the change in ACL recorded during the period following the adoption of accounting guidance for credit losses on January 1, 2020. For further information, refer to Note 1 - Basis of Presentation and Significant Accounting Policies. [4] Includes gains (losses) on non-qualifying derivatives, excluding foreign currency derivatives, of $37 for the period of July 1, 2021 to December 31, 2021 (Successor Company), $(54) for the six months ended June 30, 2021 (Predecessor Company), and $149 and $54 for the years ended December 31, 2020 and 2019, respectively (Predecessor Company).
Debt Securities, Available-for-sale	Sales of AFS Securities Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Fixed maturities, AFS Sale proceeds $ 2,372 $ 1,007 $ 1,789 $ 2,541 Gross gains 14 55 165 67 Gross losses (16) (8) (31) (16)
Debt Securities, Available-for-sale, Allowance for Credit Loss	ACL on Fixed Maturities, AFS by Type for the Period of July 1, 2021 to December 31, 2021 (Successor Company) (Before tax) Corporate Total Balance, beginning of period $ — $ — Credit losses on fixed maturities where an allowance was not previously recorded — — Balance, end of period $ — $ — ACL on Fixed Maturities, AFS by Type for the Six Months Ended June 30, 2021 (Predecessor Company) (Before tax) Corporate Total Balance, beginning of period $ 1 $ 1 Credit losses on fixed maturities where an allowance was not previously recorded — — Balance, end of period $ 1 $ 1 ACL on Fixed Maturities, AFS by Type for the Year Ended December 31, 2020 (Predecessor Company) (Before tax) Corporate Total Balance, beginning of period $ — $ — Credit losses on fixed maturities where an allowance was not previously recorded 1 1 Balance, end of period $ 1 $ 1
Other than Temporary Impairment, Credit Losses Recognized in Earnings	Cumulative Credit Impairments on Fixed Maturities, AFS (Predecessor Company) For the Year Ended December 31, 2019 (Before tax) Balance as of beginning of period $ (6) Additions for credit impairments recognized on [1]: Fixed maturities not previously impaired (4) Reductions for credit impairments previously recognized on: Fixed maturities that matured or were sold during the period 6 Fixed maturities due to an increase in expected cash flows — Balance as of end of period $ (4) [1] These additions are included in net realized capital gains (losses) on the Consolidated Statements of Operations.
Schedule of Available-for-sale Securities Reconciliation	Fixed Maturities, AFS by Type Successor Company Predecessor Company December 31, 2021 December 31, 2020 Amortized Cost ACL Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost [1] ACL Gross Unrealized Gains Gross Unrealized Losses Fair Value ABS $ 260 $ — $ — $ (2) $ 258 $ 436 $ — $ 8 $ — $ 444 CLOs 945 — — (1) 944 1,425 — 7 (4) 1,428 CMBS 2,345 — 4 (14) 2,335 1,152 — 77 (11) 1,215 Corporate 13,380 — 50 (73) 13,357 7,240 (1) 1,296 (12) 8,552 Foreign government/government agencies 365 — 1 (4) 362 236 — 32 — 266 Municipal bonds 1,452 — 10 (6) 1,456 761 — 115 (1) 875 RMBS 818 — — (7) 811 745 — 26 (2) 769 U.S. Treasuries 1,421 — 28 (1) 1,448 1,142 — 192 (8) 1,326 Total fixed maturities, AFS $ 20,986 $ — $ 93 $ (108) $ 20,971 $ 13,137 $ (1) $ 1,753 $ (38) $ 14,875 [1] The cost or amortized cost of assets that support modified coinsurance reinsurance contracts were not adjusted as part of the application of pushdown accounting. As a result, gross unrealized gains (losses) only include subsequent changes in value recorded in AOCI beginning June 1, 2018. Prior changes in value have been recorded in additional paid-in capital.
Investments Classified by Contractual Maturity Date	Fixed Maturities, AFS by Contractual Maturity Year Successor Company Predecessor Company December 31, 2021 December 31, 2020 Contractual Maturity Amortized Fair Amortized Fair One year or less $ 341 $ 341 $ 238 $ 241 Over one year through five years 2,904 2,890 1,376 1,462 Over five years through ten years 5,248 5,241 1,808 2,052 Over ten years 8,125 8,151 5,957 7,264 Subtotal 16,618 16,623 9,379 11,019 Mortgage-backed and asset-backed securities 4,368 4,348 3,758 3,856 Total fixed maturities, AFS $ 20,986 $ 20,971 $ 13,137 $ 14,875
Schedule of Unrealized Loss on Investments	Unrealized Losses on Fixed Maturities, AFS Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2021 Successor Company Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized ABS $ 252 $ (2) $ — $ — $ 252 $ (2) CLOs 751 (1) — — 751 (1) CMBS 961 (14) — — 961 (14) Corporate 5,788 (73) — — 5,788 (73) Foreign government/government agencies 173 (4) — — 173 (4) Municipal 337 (6) — — 337 (6) RMBS 537 (7) — — 537 (7) U.S. Treasuries 217 (1) — — 217 (1) Total fixed maturities, AFS in an unrealized loss position $ 9,016 $ (108) $ — $ — $ 9,016 $ (108) Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2020 Predecessor Company Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized ABS $ — $ — $ 16 $ — $ 16 $ — CLOs 346 (1) 411 (3) 757 (4) CMBS 214 (11) 2 — 216 (11) Corporate 110 (9) 63 (3) 173 (12) Foreign government/government agencies 1 — — — 1 — Municipal 28 (1) — — 28 (1) RMBS 223 (1) 39 (1) 262 (2) U.S. Treasuries 236 (8) — — 236 (8) Total fixed maturities, AFS in an unrealized loss position $ 1,158 $ (31) $ 531 $ (7) $ 1,689 $ (38)
Financing Receivable, Allowance for Credit Loss	ACL on Mortgage Loans Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Beginning balance $ — $ 17 $ — $ 5 Cumulative effect of accounting changes [1] 9 Cumulative effect of pushdown accounting 12 Adjusted beginning balance ACL [2] 12 17 9 5 Current period provision (release) — (6) 8 (5) Ending balance $ 12 $ 11 $ 17 $ — [1] Represents the establishment of ACL recorded on adoption of accounting guidance for credit losses on January 1, 2020. For further information, refer to Note 1 - Basis of Presentation and Significant Accounting Policies. [2] Prior to adoption of accounting guidance for credit losses on January 1, 2020, amounts were presented as a valuation allowance on mortgage loans.
Financing Receivable Credit Quality Indicators	Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2021 (Successor Company) 2021 2020 2019 2018 2017 2016 & Prior Total Loan-to-Value Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost [1] Avg. DSCR 65% - 80% 7 2.37x 18 2.62x 25 1.55x 43 1.00x 41 1.94x 37 1.23x 171 1.60x Less than 65% 378 2.68x 160 2.43x 234 2.89x 270 2.00x 235 2.27x 695 2.54x 1,972 2.50x Total mortgage loans $ 385 2.68x $ 178 2.45x $ 259 2.76x $ 313 1.86x $ 276 2.22x $ 732 2.47x $ 2,143 2.42x [1] As of December 31, 2021 (Successor Company), the amortized cost of mortgage loans excludes ACL of $12. Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2020 (Predecessor Company) 2020 2019 2018 2017 2016 2015 & Prior Total Loan-to-Value Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost [1] Avg. DSCR 65% - 80% 6 1.24x 78 1.56x 175 1.75x 94 1.98x 1 2.95x 54 1.12x 408 1.68x Less than 65% 164 2.26x 207 2.95x 178 2.24x 248 2.35x 176 2.90x 728 2.29x 1,701 2.44x Total mortgage loans $ 170 2.23x $ 285 2.56x $ 353 1.99x $ 342 2.25x $ 177 2.90x $ 782 2.21x $ 2,109 2.29x [1] As of December 31, 2020 (Predecessor Company), the amortized cost of mortgage loans excludes ACL of $17.
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate	Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2020 (Predecessor Company) 2020 2019 2018 2017 2016 2015 & Prior Total Loan-to-Value Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost Avg. DSCR Amortized Cost [1] Avg. DSCR 65% - 80% 6 1.24x 78 1.56x 175 1.75x 94 1.98x 1 2.95x 54 1.12x 408 1.68x Less than 65% 164 2.26x 207 2.95x 178 2.24x 248 2.35x 176 2.90x 728 2.29x 1,701 2.44x Total mortgage loans $ 170 2.23x $ 285 2.56x $ 353 1.99x $ 342 2.25x $ 177 2.90x $ 782 2.21x $ 2,109 2.29x Mortgage Loans by Region Successor Company Predecessor Company December 31, 2021 December 31, 2020 Amortized Percent of Total Amortized Percent of Total East North Central $ 78 3.6 % $ 80 3.8 % East South Central 20 0.9 % 19 0.9 % Middle Atlantic 152 7.1 % 154 7.3 % Mountain 142 6.6 % 78 3.7 % New England 87 4.1 % 83 3.9 % Pacific 559 26.1 % 562 26.7 % South Atlantic 627 29.3 % 569 27.0 % West South Central 184 8.6 % 213 10.1 % Other [2] 294 13.7 % 351 16.6 % Total mortgage loans $ 2,143 100 % $ 2,109 100 % [1] As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the amortized cost of mortgage loans excludes ACL of $12 and $17, respectively. [2] Primarily represents loans collateralized by multiple properties in various regions. Mortgage Loans by Property Type Successor Company Predecessor Company December 31, 2021 December 31, 2020 Amortized Percent of Total Amortized Percent of Total Commercial Industrial $ 711 33.2 % $ 602 28.6 % Lodging — — % 22 1.0 % Multifamily 590 27.5 % 536 25.4 % Office 423 19.7 % 481 22.8 % Retail 403 18.8 % 418 19.8 % Single Family 16 0.8 % 50 2.4 % Total mortgage loans $ 2,143 100 % $ 2,109 100 % [1] As of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), the amortized cost of mortgage loans excludes ACL of $12 and $17, respectively.
Offsetting Liabilities	Repurchase Agreements Successor Company Predecessor Company December 31, 2021 December 31, 2020 Fair Value Fair Value Repurchase agreements: Gross amount of recognized liabilities for repurchase agreements $ 663 $ 262 Gross amount of collateral pledged related to repurchase agreements [1] $ 679 $ 267 Gross amount of recognized receivables for reverse repurchase agreements [2] $ 44 $ 28 [1] Collateral pledged is included within fixed maturities, AFS and short-term investments on the Company's Consolidated Balance Sheets. [2] Collateral received is included within short-term investments on the Company's Consolidated Balance Sheets. Offsetting Derivative Assets and Liabilities (Successor Company) (i) (ii) (iii) = (i) - (ii) (v) = (iii) - (iv) Net Amounts Presented on the Statement of Financial Position Collateral Disallowed for Offset on the Statement of Financial Position Gross Amounts of Recognized Assets (Liabilities) Gross Amounts Offset on the Statement of Financial Position Derivative Assets [1] (Liabilities) [2] Accrued Interest and Cash Collateral (Received) [3] Pledged [2] Financial Collateral (Received) Pledged [4] Net Amount As of December 31, 2021 (Successor Company) Other investments $ 176 $ 162 $ 43 $ (29) $ 5 $ 9 Other liabilities (385) (134) (252) 1 (251) — As of December 31, 2020 (Predecessor Company) Other investments $ 304 $ 295 $ 12 $ (3) $ — $ 9 Other liabilities (772) (279) (480) (13) (488) (5) [1] Included in other invested assets on the Company's Consolidated Balance Sheets. [2] Included in other liabilities on the Company's Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty. [3] Included in other investments on the Company's Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty. [4] Excludes collateral associated with exchange-traded derivative instruments.

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	Net Asset Liability Derivatives Notional Fair Fair Fair Successor Company Predecessor Company Successor Company Predecessor Company Successor Company Predecessor Company Successor Company Predecessor Company Hedge Designation/Derivative Type Dec 31, 2021 Dec 31, 2020 Dec 31, 2021 Dec 31, 2020 Dec 31, 2021 Dec 31, 2020 Dec 31, 2021 Dec 31, 2020 Cash flow hedges Interest rate swaps $ 100 $ — $ — $ — $ — $ — $ — $ — Foreign currency swaps — 25 — (2) — — — (2) Total cash flow hedges 100 25 — (2) — — — (2) Non-qualifying strategies Interest rate contracts Interest rate swaps and futures 3,074 3,419 (7) (13) 19 28 (26) (41) Foreign exchange contracts Foreign currency swaps and forwards 161 222 9 — 10 8 (1) (8) Credit contracts Credit derivatives that purchase credit protection — 40 — — — — — — Credit derivatives that assume credit risk 100 — 2 — 2 — — — Equity contracts Equity index swaps, options, and futures — 2,000 — — — — — — Variable annuity hedge program GMWB product derivatives [1] 7,086 7,803 80 21 100 33 (20) (12) GMWB reinsurance contracts 1,555 1,688 (8) 7 — 7 (8) — Macro hedge program 22,991 24,188 (213) (453) 145 268 (358) (721) Fixed indexed annuities FIA product derivative [1] 5,485 — (655) — — — (655) — Other Modified coinsurance reinsurance contracts 775 843 15 (93) 15 — — (93) Total non-qualifying strategies 41,227 40,203 (777) (531) 291 344 (1,068) (875) Total cash flow hedges, fair value hedges, and non-qualifying strategies $ 41,327 $ 40,228 $ (777) $ (533) $ 291 $ 344 $ (1,068) $ (877) Balance Sheet Location Fixed maturities, available-for-sale $ 56 $ 49 $ — $ — $ — $ — $ — $ — Other investments 8,163 5,791 43 12 91 13 (48) (1) Other liabilities 18,206 24,054 (252) (480) 85 291 (337) (771) Reinsurance recoverables 2,331 2,531 7 (86) 15 7 (8) (93) Other policyholder funds and benefits payable 12,571 7,803 (575) 21 100 33 (675) (12) Total derivatives $ 41,327 $ 40,228 $ (777) $ (533) $ 291 $ 344 $ (1,068) $ (877) [1] These derivatives are embedded within liabilities and are not held for risk management purposes.
Offsetting Assets	Offsetting Derivative Assets and Liabilities (Successor Company) (i) (ii) (iii) = (i) - (ii) (v) = (iii) - (iv) Net Amounts Presented on the Statement of Financial Position Collateral Disallowed for Offset on the Statement of Financial Position Gross Amounts of Recognized Assets (Liabilities) Gross Amounts Offset on the Statement of Financial Position Derivative Assets [1] (Liabilities) [2] Accrued Interest and Cash Collateral (Received) [3] Pledged [2] Financial Collateral (Received) Pledged [4] Net Amount As of December 31, 2021 (Successor Company) Other investments $ 176 $ 162 $ 43 $ (29) $ 5 $ 9 Other liabilities (385) (134) (252) 1 (251) — As of December 31, 2020 (Predecessor Company) Other investments $ 304 $ 295 $ 12 $ (3) $ — $ 9 Other liabilities (772) (279) (480) (13) (488) (5) [1] Included in other invested assets on the Company's Consolidated Balance Sheets. [2] Included in other liabilities on the Company's Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty. [3] Included in other investments on the Company's Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty. [4] Excludes collateral associated with exchange-traded derivative instruments.
Offsetting Liabilities	Repurchase Agreements Successor Company Predecessor Company December 31, 2021 December 31, 2020 Fair Value Fair Value Repurchase agreements: Gross amount of recognized liabilities for repurchase agreements $ 663 $ 262 Gross amount of collateral pledged related to repurchase agreements [1] $ 679 $ 267 Gross amount of recognized receivables for reverse repurchase agreements [2] $ 44 $ 28 [1] Collateral pledged is included within fixed maturities, AFS and short-term investments on the Company's Consolidated Balance Sheets. [2] Collateral received is included within short-term investments on the Company's Consolidated Balance Sheets. Offsetting Derivative Assets and Liabilities (Successor Company) (i) (ii) (iii) = (i) - (ii) (v) = (iii) - (iv) Net Amounts Presented on the Statement of Financial Position Collateral Disallowed for Offset on the Statement of Financial Position Gross Amounts of Recognized Assets (Liabilities) Gross Amounts Offset on the Statement of Financial Position Derivative Assets [1] (Liabilities) [2] Accrued Interest and Cash Collateral (Received) [3] Pledged [2] Financial Collateral (Received) Pledged [4] Net Amount As of December 31, 2021 (Successor Company) Other investments $ 176 $ 162 $ 43 $ (29) $ 5 $ 9 Other liabilities (385) (134) (252) 1 (251) — As of December 31, 2020 (Predecessor Company) Other investments $ 304 $ 295 $ 12 $ (3) $ — $ 9 Other liabilities (772) (279) (480) (13) (488) (5) [1] Included in other invested assets on the Company's Consolidated Balance Sheets. [2] Included in other liabilities on the Company's Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty. [3] Included in other investments on the Company's Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty. [4] Excludes collateral associated with exchange-traded derivative instruments.
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location	Derivatives in Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Interest rate swaps $ — $ — $ — $ — Foreign currency swaps — — (2) — Total $ — $ — $ (2) $ — Derivatives in Cash Flow Hedging Relationships (Successor Company) Gain (Loss) Reclassified from AOCI into Income For the Period of July 1, 2021 to December 31, 2021 Net Realized Capital Net Interest rate swaps — — Foreign currency swaps — — Total $ — $ — Total amounts presented on the Consolidated Statements of Operations $ (20) $ 498
Derivative Instruments, Gain (Loss)	Non-qualifying Strategies Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Variable annuity hedge program GMWB product derivatives $ 29 $ 82 $ 67 $ 134 GMWB reinsurance contracts 4 (24) (27) (13) GMWB hedging instruments 42 (68) Macro hedge program (100) (301) (414) (418) Total variable annuity hedge program (67) (243) (332) (365) Foreign exchange contracts Foreign currency swaps and forwards 5 (2) (4) — Fixed payout annuity hedge — — — (4) Total foreign exchange contracts 5 (2) (4) (4) Other non-qualifying derivatives Interest rate contracts Interest rate swaps, swaptions, and futures 21 (76) 180 103 Credit contracts Credit derivatives that purchase credit protection — — 19 — Credit derivatives that assume credit risk 1 — — 7 Equity contracts Equity index swaps and options — — — (1) Other Modified coinsurance reinsurance contracts 15 22 (50) (55) Total other non-qualifying derivatives 37 (54) 149 54 Total [1] $ (25) $ (299) $ (187) $ (315) [1] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option.
Disclosure of Credit Derivatives	As of December 31, 2021 (Successor Company) [4] Underlying Referenced Credit Obligation(s) [1] Credit Derivative Type by Derivative Risk Exposure Notional Fair Weighted Type Average Offsetting Offsetting Basket credit default swaps [3] Investment grade risk exposure $ 100 $ 2 5 years Corporate Credit BBB+ $ — $ — Total $ 100 $ 2 $ — $ — [1] The average credit ratings are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, and Fitch. If no rating is available from a rating agency, then an internally developed rating is used. [2] Notional amount is equal to the maximum potential future loss amount. These derivatives are governed by agreements and applicable law which include collateral posting requirements. There is no additional specific collateral related to these contracts or recourse provisions included in the contracts to offset losses. [3] Comprised of swaps of standard market indices of diversified portfolios of corporate and CMBS issuers referenced through credit default swaps. These swaps are subsequently valued based upon the observable standard market index. [4] As of December 31, 2020 (Predecessor Company), the Company did not hold any credit derivatives that assume credit risk.

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Effects of Reinsurance	The following table presents the impact on the Consolidated Balance Sheets from the Company's assumed reinsurance: As of December 31, 2021 (Successor Company) Assets Investments $ 8,357 Cash 17 Other assets 75 Reinsurance recoverables 244 Total assets $ 8,693 Liabilities Reserve for future policy benefits $ 616 Other policyholder funds and benefits payable 7,340 Other liabilities 27 Total liabilities $ 7,983 As of December 31, 2021 (Successor Company) Assets Reinsurance recoverables $ 6,130 Total assets 6,130 Liabilities Funds withheld liability 5,128 Other liabilities 818 Total liabilities $ 5,946
Reinsurance Recoverable	Reinsurance Recoverables, net Successor Company Predecessor Company As of December 31, 2021 As of December 31, 2020 Reserve for future policy benefits and other policyholder funds and benefits payable Sold businesses (MassMutual and Prudential) $ 19,850 $ 18,807 Commonwealth Annuity and Life Insurance Company ("Commonwealth") 8,718 7,579 TR Re 6,130 — Other reinsurers 1,187 1,076 Gross reinsurance recoverables 35,885 27,462 Less: ACL 37 7 Reinsurance recoverables, net $ 35,848 $ 27,455
Life Insurance Fees Earned Premiums and Other	Insurance Revenues Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Gross earned premium, fee income and other $ 1,173 $ 1,210 $ 2,221 $ 2,375 Reinsurance assumed 69 64 125 115 Reinsurance ceded (801) (812) (1,570) (1,627) Net earned premium, fee income and other $ 441 $ 462 $ 776 $ 863

Value of Business Acquired (Tab

Value of Business Acquired (Tables)	12 Months Ended
	Dec. 31, 2021
Deferred Policy Acquisition Costs and Present Value of Future Profits [Abstract]
Present Value of Future Insurance Profits [Table Text Block]	Changes in the VOBA Balance Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Balance, beginning of period [1] $ 565 $ 586 $ 696 $ 716 Amortization - VOBA (17) 29 14 25 Amortization - unlock benefit (charge), pre-tax (73) 14 (64) — Adjustments to unrealized gains on fixed maturities, AFS and other 4 26 (60) (45) Balance, end of period $ 479 $ 655 $ 586 $ 696 [1] The beginning balance as of July 1, 2021 differs from the ending balance as of June 30, 2021 due to the application of pushdown accounting related to the Sixth Street Acquisition. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.
Present Value of Future Insurance Profits, Expected Amortization [Table Text Block]	Expected Amortization of VOBA Successor Company Years Expected Amortization 2022 $ 28 2023 $ 28 2024 $ 29 2025 $ 30 2026 $ 31

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill As of December 31, 2021 (Successor Company) Carrying Balance, beginning of period $ — Acquisitions [1] 97 Accumulated impairments — Balance, end of period $ 97 [1] Related to the pushdown of purchase accounting related to the Sixth Street Acquisition on July 1, 2021. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.
Schedule of Indefinite-Lived Intangible Assets	Other Intangible Assets Amortizing Intangible Assets [1] Indefinite Lived Intangible Assets [2] Total Other Intangible Assets Predecessor Company Gross carrying value, as of December 31, 2020 $ 29 $ 26 $ 55 Accumulated amortization through June 30, 2021 18 — 18 Net carrying value, as of June 30, 2021 $ 11 $ 26 $ 37 Weighted average expected life in years 5 5 Successor Company Gross carrying value, as of July 1, 2021 $ 29 $ 26 $ 55 Additions [3] 30 — 30 Accumulated amortization through December 31, 2021 21 — 21 Net carrying value, as of December 31, 2021 $ 38 $ 26 $ 64 Weighted average expected life in years 7 7 [1] Consists of internally developed software. [2] Consists of state insurance licenses. [3] Related to the election of pushdown accounting due to the Sixth Street Acquisition. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.
Schedule of Finite-Lived Intangible Assets	Other Intangible Assets Amortizing Intangible Assets [1] Indefinite Lived Intangible Assets [2] Total Other Intangible Assets Predecessor Company Gross carrying value, as of December 31, 2020 $ 29 $ 26 $ 55 Accumulated amortization through June 30, 2021 18 — 18 Net carrying value, as of June 30, 2021 $ 11 $ 26 $ 37 Weighted average expected life in years 5 5 Successor Company Gross carrying value, as of July 1, 2021 $ 29 $ 26 $ 55 Additions [3] 30 — 30 Accumulated amortization through December 31, 2021 21 — 21 Net carrying value, as of December 31, 2021 $ 38 $ 26 $ 64 Weighted average expected life in years 7 7 [1] Consists of internally developed software. [2] Consists of state insurance licenses. [3] Related to the election of pushdown accounting due to the Sixth Street Acquisition. For more information, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	There have been no renewals or extensions since December 31, 2020 (Predecessor Company). Expected Pre-tax Amortization Expense (Successor Company) Years Expected Future Amortization Expense 2022 $ 6 2023 $ 6 2024 $ 6 2025 $ 6 2026 $ 6

Reserves for Future Policy Be_2

Reserves for Future Policy Benefits and Separate Account Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Schedule of Liability for Future Policy Benefits, by Product Segment	Changes in Reserves for Future Policy Benefits Successor Company Universal Life-Type Contracts VA GMDB/GMWB [1] FIA Guarantees and Other [2] Universal Life Secondary Traditional Annuity and Other Contracts [3] Total Future Policy Benefits Liability balance as of July 1, 2021 $ 346 $ — $ 4,394 $ 16,382 $ 21,122 Incurred [4] 38 604 240 253 1,135 Paid (44) — (29) (486) (559) Liability balance as of December 31, 2021 $ 340 $ 604 $ 4,605 $ 16,149 $ 21,698 Reinsurance recoverable asset as of July 1, 2021 $ 184 $ — $ 4,394 $ 5,422 $ 10,000 Incurred [4] 152 — 240 4,845 5,237 Paid (37) — (29) (132) (198) Reinsurance recoverable asset as of December 31, 2021 $ 299 $ — $ 4,605 $ 10,135 $ 15,039 Predecessor Company Universal Life-Type Contracts GMDB/ Universal Life Secondary Traditional Annuity and Other Contracts [3] Total Future Policy Benefits Liability balance as of December 31, 2020 $ 460 $ 4,195 $ 13,970 $ 18,625 Incurred [4] 54 217 179 450 Paid (50) (18) (319) (387) Liability balance as of June 30, 2021 $ 464 $ 4,394 $ 13,830 $ 18,688 Reinsurance recoverable asset as of December 31, 2020 $ 254 $ 4,195 $ 4,690 $ 9,139 Incurred [4] 35 217 78 330 Paid (41) (18) (137) (196) Reinsurance recoverable asset as of June 30, 2021 $ 248 $ 4,394 $ 4,631 $ 9,273 Predecessor Company Universal Life-Type Contracts GMDB/ Universal Life Secondary Traditional Annuity and Other Contracts [3] Total Future Policy Benefits Liability balance as of December 31, 2019 $ 450 $ 3,691 $ 14,324 $ 18,465 Incurred [4] 101 526 467 1,094 Paid (91) (22) (821) (934) Liability balance as of December 31, 2020 $ 460 $ 4,195 $ 13,970 $ 18,625 Reinsurance recoverable asset as of December 31, 2019 $ 269 $ 3,691 $ 4,843 $ 8,803 Incurred [4] 57 526 122 705 Paid (72) (22) (275) (369) Reinsurance recoverable asset as of December 31, 2020 $ 254 $ 4,195 $ 4,690 $ 9,139 [1] These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits up to the GRB are embedded derivatives held at fair value and are excluded from these balances. [2] These liability balances include additional liabilities for expected annuitizations on two-tiered FIA's and all GLWB's, as part of the Allianz reinsurance agreement entered into on December 30, 2021. [3] Represents life-contingent reserves for which the company is subject to insurance and investment risk. [4] Includes the portion of assessments established as additions to reserves, changes in estimates affecting the reserves and the amounts recoverable under modified coinsurance reinsurance agreements.
Schedule of Net Amount of Risk by Product and Guarantee	Account Value by GMDB/GMWB Type as of December 31, 2021 (Successor Company) Account Net amount Retained Net Weighted MAV [1] MAV only $ 12,968 $ 1,351 $ 105 74 With 5% rollup [2] 952 62 9 75 With earnings protection benefit rider (“EPB”) [3] 3,284 620 42 75 With 5% rollup & EPB 452 99 11 76 Total MAV 17,656 2,132 167 Asset protection benefit (“APB”) [4] 8,395 41 15 73 Lifetime income benefit (“LIB”) – death benefit [5] 354 2 1 75 Reset (5-7 years) [6] 2,505 6 3 72 Return of premium (“ROP”) /other [7] 5,422 42 12 75 Variable annuity without GMDB [8] 2,985 — — 73 Subtotal variable annuity [11] $ 37,317 $ 2,223 $ 198 74 Less: general account value 2,715 Subtotal separate account liabilities with GMDB 34,602 Separate account liabilities - other 76,990 Total separate account liabilities $ 111,592 [1] MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals). [2] Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 years or 100% of adjusted premiums. [3] EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net withdrawals. [4] APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months). [5] LIB GMDB is the greatest of current AV; net premiums paid; or, for certain contracts, a benefit amount generally based on market performance that ratchets over time. [6] Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 years (adjusted for withdrawals). [7] ROP GMDB is the greater of current AV and net premiums paid. [8] Includes account value for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries. [9] AV includes the contract holder’s investment in the separate account and the general account. [10] NAR is defined as the guaranteed minimum death benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity market movements and increase when equity markets decline. [11] Some variable annuity contracts with GMDB also have a life-contingent GMWB that may provide for benefits in excess of the return of the GRB. Such contracts included in this amount have $4.8 billion of total account value and weighted average attained age of 76 years. There is no NAR or retained NAR related to these contracts.
Schedule of Fair Value of Separate Accounts by Major Category of Investment	Account Balance Breakdown of Variable Separate Account Investments for Contracts with Guarantees Successor Company Predecessor Company Asset Type December 31, 2021 December 31, 2020 Equity securities (including mutual funds) $ 33,240 $ 32,011 Cash and cash equivalents [1] 1,362 1,765 Total [2] $ 34,602 $ 33,776 [1] Represents an allocation of the portfolio holdings. [2] Includes $3.0 billion and $2.6 billion of account value as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company) for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Provision for Income Taxes Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, Income Tax Expense (Benefit) 2020 2019 Current - U.S. Federal $ (86) $ — $ 10 $ (8) Deferred - U.S. Federal 137 30 56 52 Total income tax expense $ 51 $ 30 $ 66 $ 44
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities on the consolidated balance sheets represent the tax consequences of differences between the financial reporting and tax basis of assets and liabilities. Components of Deferred Tax Assets (Liabilities) Successor Company Predecessor Company December 31, 2021 December 31, 2020 Deferred Tax Assets Tax basis deferred policy acquisition costs $ 110 $ 79 VOBA and reserves 716 567 Net operating loss carryover 25 102 Employee benefits 7 7 Foreign tax credit carryover 16 18 Net unrealized loss on investments 4 — Deferred reinsurance gain 187 198 Other — 12 Total deferred tax assets 1,065 983 Deferred Tax Liabilities Investment related items (449) (145) Net unrealized gains on investments — (360) Other (13) — Total deferred tax liabilities (462) (505) Net deferred tax asset $ 603 $ 478
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the tax provision at the U.S. Federal statutory rate to the provision (benefit) for income taxes is as follows. Income Tax Rate Reconciliation Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Tax provision at U.S. Federal statutory rate $ 70 $ 45 $ 98 $ 86 Dividends received deduction ("DRD") (16) (14) (28) (34) Foreign related investments (2) (1) (4) (7) Other (1) — — (1) Provision for income taxes $ 51 $ 30 $ 66 $ 44

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Liability, Maturity	Future Minimum Lease Payments (Successor Company) 2022 $ 1 2023 1 2024 — 2025 — 2026 — Thereafter — Total minimum lease payments $ 2

Statutory Results (Tables)

Statutory Results (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Statutory Accounting Practices Disclosure	Statutory Net Income (Loss) Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Combined statutory net income (loss) $ (426) $ (2) $ 245 $ 488 Statutory Capital Successor Company Predecessor Company December 31, 2021 December 31, 2020 Statutory capital [1] $ 2,153 $ 3,142 [1] The Company relies upon a prescribed practice allowed by Connecticut state laws that allow the Company to receive a reinsurance reserve credit for reinsurance treaties that provide for a limited right of unilateral cancellation by the reinsurer. The benefit from this prescribed practice was approximately $29 and $51 as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company), respectively.

Changes in and Reclassificati_2

Changes in and Reclassifications From Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in AOCI, Net of Tax for the Period of July 1, 2021 to December 31, 2021 (Successor Company) Changes in Net Unrealized Gain on Fixed Maturities Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ — $ — $ — $ — $ — OCI before reclassifications (12) — — — (12) Amounts reclassified from AOCI 2 — — — 2 OCI, net of tax (10) — — — (10) Ending balance $ (10) $ — $ — $ — $ (10) Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2021 (Predecessor Company) Changes in Net Unrealized Gain on Fixed Maturities Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ 1,282 $ — $ (1) $ — $ 1,281 OCI before reclassifications (238) — — — (238) Amounts reclassified from AOCI (37) — 1 — (36) OCI, net of tax (275) — 1 — (274) Ending balance $ 1,007 $ — $ — $ — $ 1,007 Changes in AOCI, Net of Tax for the Year Ended December 31, 2020 (Predecessor Company) Changes in Net Unrealized Gain on Fixed Maturities Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ 717 $ — $ — $ — $ 717 OCI before reclassifications 665 (1) (1) — 663 Amounts reclassified from AOCI (100) 1 — — (99) OCI, net of tax 565 — (1) — 564 Ending balance $ 1,282 $ — $ (1) $ — $ 1,281 Changes in AOCI, Net of Tax for the Year Ended December 31, 2019 (Predecessor Company) Changes in Net Unrealized Gain on Fixed Maturities Net Gain on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments AOCI, Beginning balance $ (173) $ — $ 2 $ (171) OCI before reclassifications 927 — (2) 925 Amounts reclassified from AOCI (37) — — (37) OCI, net of tax 890 — (2) 888 Ending balance $ 717 $ — $ — $ 717
Reclassification out of Accumulated Other Comprehensive Income	Reclassification from AOCI Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, Affected Line Item on the Consolidated Statements 2020 2019 Net Unrealized Gain on Fixed Maturities Available-for-sale securities $ (2) $ 47 $ 127 $ 47 Net realized capital losses (2) 47 127 47 Income before income taxes — 10 27 10 Income tax expense $ (2) $ 37 $ 100 $ 37 Net income Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded Fixed maturities, AFS $ — $ — $ (1) Net realized capital losses — — (1) Income before income taxes — — — Income tax expense $ — $ — $ (1) Net income Net Gains on Cash-Flow Hedging Instruments Interest rate swaps $ — $ — $ — $ — Net realized capital losses Interest rate swaps — — — — Net investment income Foreign currency swaps — (1) — — Net realized capital losses — (1) — — Income before income taxes — — — — Income tax expense $ — $ (1) $ — $ — Net income Total amounts reclassified from AOCI $ (2) $ 36 $ 99 $ 37 Net income

Revenue from Contracts with C_2

Revenue from Contracts with Customer (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Products and Services	Revenues from Contracts with Customers Successor Company Predecessor Company For the Period of July 1, 2021 to December 31, 2021 For the Six Months Ended June 30, 2021 For the Years Ended December 31, 2020 2019 Administration and distribution services fees $ 45 $ 44 $ 80 $ 84

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions	Dec. 30, 2021	Sep. 17, 2021	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2018	Dec. 31, 2021	Jan. 01, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible assets, useful life				7 years	5 years		7 years
Maximum uncollateralized threshold for derivative counter party, single level entity				$ 10
Gross Profit Estimates Term for Most Contracts				20 years
The Hartford Financial Services Group
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Period of continuing involvement after disposal						5 years
Lincoln National Life Insurance Company
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Maximum reinsured deposits		$ 1,500
Allianz | Reinsurance Agreement, Assumed Reinsurance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assumed reinsurance, consideration transferred	$ 693
Payment for ceded commissions	866
Assumed reinsurance, deferred gain	$ 25
Allianz | Reinsurance Agreement, Assumed Reinsurance | Fixed Indexed Annuities, Block One
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reinsured risk, percentage	100.00%
Allianz | Reinsurance Agreement, Assumed Reinsurance | Fixed Indexed Annuities, Block Two
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reinsured risk, percentage	5.00%
TR Re | Reinsurance Agreement, Affiliated Reinsurance Agreement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Payment for ceded commissions	$ 100
Assumed reinsurance, deferred gain	805
Payment for assumed reinsurance, tax settlement	$ 84
TR Re | Reinsurance Agreement, Affiliated Reinsurance Agreement | Variable Annuity and Payout Annuity Blocks
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reinsured risk, percentage	50.00%
TR Re | Reinsurance Agreement, Affiliated Reinsurance Agreement | Variable Annuity Guarantees and Structured Settlement Contracts
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reinsured risk, percentage	100.00%
Sixth Street | Talcott Resolution Life, Inc
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Voting interest acquired			100.00%		100.00%
Consideration transferred			$ 2,250
Consideration transferred, pre-closing dividend			500
Consideration transferred, cash			$ 1,734
Cumulative effect of accounting changes, net of tax | Accounting Standards Update 2016-13 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net decrease to retained earnings								$ (11)

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Schedule of Pushdown Accounting (Details) $ in Millions	Jul. 01, 2021USD ($)
Business Acquisition [Line Items]
Total assets	$ 163,476
Total liabilities	161,593
Equity	1,883
Total liabilities and stockholder's equity	163,476
Cash
Business Acquisition [Line Items]
Total assets	19,711
value of business acquired
Business Acquisition [Line Items]
Total assets	565
Deferred tax asset
Business Acquisition [Line Items]
Total assets	737
Goodwill
Business Acquisition [Line Items]
Total assets	97
Other Intangible Assets
Business Acquisition [Line Items]
Total assets	67
Reinsurance recoverable and other assets
Business Acquisition [Line Items]
Total assets	29,442
Separate Accounts
Business Acquisition [Line Items]
Total assets	112,857
Total liabilities	112,857
Reserves for Future Policy benefits
Business Acquisition [Line Items]
Total liabilities	21,122
Other policyholder funds and benefits payable
Business Acquisition [Line Items]
Total liabilities	25,961
Other liabilities
Business Acquisition [Line Items]
Total liabilities	$ 1,653

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policies - Summary of Adoption Impacts (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on mortgage loans	$ (12)	$ (17)
ACL on reinsurance recoverables	(37)	(7)
Other	$ 0	$ 12
Cumulative effect of accounting changes, net of tax | Accounting Standards Update 2016-13 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on mortgage loans			$ (9)
ACL on reinsurance recoverables			(5)
Other			3
Net decrease to retained earnings			$ (11)

Fair Value Measurements- Fair V

Fair Value Measurements- Fair Value Hierarchy (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets accounted for at fair value on a recurring basis
Fair Value	$ 20,971	$ 14,875
Short-term investments	1,254	802
Reinsurance recoverable for GMWB	35,848	27,455
Separate account assets	111,592	109,625
Liabilities accounted for at fair value on a recurring basis
Separate account assets	1,600	877
Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	20,971	14,875
Equity securities, at fair value	203	65
Derivative assets	43	12
Short-term investments	1,254	802
Separate account assets	110,021	108,748
Total assets accounted for at fair value on a recurring basis	132,484	124,509
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	(575)	21
Derivative Liability	(252)	(480)
Total liabilities accounted for at fair value on a recurring basis	(812)	(552)
FIA embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	(655)
GMWB embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	80	21
Estimate of Fair Value Measurement [Member]
Assets accounted for at fair value on a recurring basis
Separate account assets	404	441
Credit derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	2
Foreign exchange derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	7	(1)
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	2	(1)
Interest rate derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	18	6
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	(25)	(19)
Macro hedge program | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	16	7
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	(229)	(460)
Reinsurance recoverable for GMWB | Recurring
Assets accounted for at fair value on a recurring basis
Reinsurance recoverable for GMWB	(8)	7
Modified coinsurance reinsurance contracts | Recurring
Liabilities accounted for at fair value on a recurring basis
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO	15	(93)
ABS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	258	444
CLOs | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	944	1,428
CMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	2,335	1,215
Corporate | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	13,357	8,552
Foreign governments | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	362	266
Municipal | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	1,456	875
RMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	811	769
U.S. Treasuries | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	1,448	1,326
Level 1 | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	166	117
Equity securities, at fair value	11	11
Derivative assets	0	0
Short-term investments	744	586
Separate account assets	69,089	67,679
Total assets accounted for at fair value on a recurring basis	70,010	68,393
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	0	0
Derivative Liability	0	0
Total liabilities accounted for at fair value on a recurring basis	0	0
Level 1 | FIA embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	0
Level 1 | GMWB embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	0	0
Level 1 | Credit derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	0
Level 1 | Foreign exchange derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	0	0
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	0	0
Level 1 | Interest rate derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	0	0
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	0	0
Level 1 | Macro hedge program | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	0	0
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	0	0
Level 1 | Reinsurance recoverable for GMWB | Recurring
Assets accounted for at fair value on a recurring basis
Reinsurance recoverable for GMWB	0	0
Level 1 | Modified coinsurance reinsurance contracts | Recurring
Liabilities accounted for at fair value on a recurring basis
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO	0	0
Level 1 | ABS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 1 | CLOs | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 1 | CMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 1 | Corporate | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	39	0
Level 1 | Foreign governments | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 1 | Municipal | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 1 | RMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 1 | U.S. Treasuries | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	127	117
Level 2 | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	19,630	13,963
Equity securities, at fair value	171	22
Derivative assets	13	10
Short-term investments	435	194
Separate account assets	40,449	40,609
Total assets accounted for at fair value on a recurring basis	60,698	54,798
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	0	0
Derivative Liability	(34)	(39)
Total liabilities accounted for at fair value on a recurring basis	(19)	(132)
Level 2 | FIA embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	0
Level 2 | GMWB embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	0	0
Level 2 | Credit derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	2
Level 2 | Foreign exchange derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	7	(1)
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	2	(1)
Level 2 | Interest rate derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	15	4
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	(22)	(19)
Level 2 | Macro hedge program | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	(11)	7
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	(14)	(19)
Level 2 | Reinsurance recoverable for GMWB | Recurring
Assets accounted for at fair value on a recurring basis
Reinsurance recoverable for GMWB	0	0
Level 2 | Modified coinsurance reinsurance contracts | Recurring
Liabilities accounted for at fair value on a recurring basis
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO	15	(93)
Level 2 | ABS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	258	444
Level 2 | CLOs | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	785	1,169
Level 2 | CMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	2,059	1,161
Level 2 | Corporate | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	12,653	8,224
Level 2 | Foreign governments | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	362	266
Level 2 | Municipal | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	1,455	875
Level 2 | RMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	737	615
Level 2 | U.S. Treasuries | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	1,321	1,209
Level 3 | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	1,175	795
Equity securities, at fair value	21	32
Derivative assets	30	2
Short-term investments	75	22
Separate account assets	79	20
Total assets accounted for at fair value on a recurring basis	1,372	878
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	(575)	21
Derivative Liability	(218)	(441)
Total liabilities accounted for at fair value on a recurring basis	(793)	(420)
Level 3 | FIA embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	(655)
Level 3 | GMWB embedded derivative | Recurring
Liabilities accounted for at fair value on a recurring basis
Total other policyholder funds and benefits payable	80	21
Level 3 | Credit derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	0
Level 3 | Foreign exchange derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	0	0
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	0	0
Level 3 | Interest rate derivatives | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	3	2
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	(3)	0
Level 3 | Macro hedge program | Recurring
Assets accounted for at fair value on a recurring basis
Derivative assets	27	0
Liabilities accounted for at fair value on a recurring basis
Derivative Liability	(215)	(441)
Level 3 | Reinsurance recoverable for GMWB | Recurring
Assets accounted for at fair value on a recurring basis
Reinsurance recoverable for GMWB	(8)	7
Level 3 | Modified coinsurance reinsurance contracts | Recurring
Liabilities accounted for at fair value on a recurring basis
Reinsurance Recoverable, Including Reinsurance Premium Paid MODCO	0	0
Level 3 | ABS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 3 | CLOs | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	159	259
Level 3 | CMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	276	54
Level 3 | Corporate | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	665	328
Level 3 | Foreign governments | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	0	0
Level 3 | Municipal | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	1	0
Level 3 | RMBS | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	74	154
Level 3 | U.S. Treasuries | Recurring
Assets accounted for at fair value on a recurring basis
Fair Value	$ 0	$ 0

Fair Value Measurements - Signi

Fair Value Measurements - Significant Unobservable Inputs for Level 3 - Securities (Details) $ in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 20,971	$ 14,875
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	20,971	14,875
Recurring | CMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	2,335	1,215
Recurring | Corporate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	13,357	8,552
Recurring | RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	811	769
Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,175	795
Recurring | Level 3 | CMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	276	54
Recurring | Level 3 | Corporate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 665	$ 328
Impact of Increase in Input on Fair Value	Decrease	Decrease
Recurring | Level 3 | RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 74	$ 154
Recurring | Spread | Level 3 | CLOs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 159	$ 259
Impact of Increase in Input on Fair Value	Decrease	Decrease
Recurring | Spread | Level 3 | CLOs | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0234	0.0249
Recurring | Spread | Level 3 | CLOs | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0258	0.0305
Recurring | Spread | Level 3 | CLOs | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0257	0.0304
Recurring | Spread | Level 3 | CMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 276	$ 49
Impact of Increase in Input on Fair Value	Decrease	Decrease
Recurring | Spread | Level 3 | CMBS | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0203	0.0255
Recurring | Spread | Level 3 | CMBS | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0637	0.1582
Recurring | Spread | Level 3 | CMBS | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0303	0.0570
Recurring | Spread | Level 3 | Corporate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 623	$ 269
Recurring | Spread | Level 3 | Corporate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0125	0.0116
Recurring | Spread | Level 3 | Corporate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1227	0.1210
Recurring | Spread | Level 3 | Corporate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0278	0.0304
Recurring | Spread | Level 3 | RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 65	$ 154
Impact of Increase in Input on Fair Value	Decrease	Decrease
Recurring | Spread | Level 3 | RMBS | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0039	0.0007
Recurring | Spread | Level 3 | RMBS | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0229	0.0592
Recurring | Spread | Level 3 | RMBS | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0090	0.0119
Recurring | Constant prepayment rate | Level 3 | RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impact of Increase in Input on Fair Value	Decrease [5]	Decrease [5]
Recurring | Constant prepayment rate | Level 3 | RMBS | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.04	0
Recurring | Constant prepayment rate | Level 3 | RMBS | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.16	0.10
Recurring | Constant prepayment rate | Level 3 | RMBS | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.08	0.05
Recurring | Constant default rate | Level 3 | RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impact of Increase in Input on Fair Value	Decrease	Decrease
Recurring | Constant default rate | Level 3 | RMBS | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.01	0.02
Recurring | Constant default rate | Level 3 | RMBS | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.04	0.06
Recurring | Constant default rate | Level 3 | RMBS | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.03	0.03
Recurring | Loss severity | Level 3 | RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impact of Increase in Input on Fair Value	Decrease	Decrease
Recurring | Loss severity | Level 3 | RMBS | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0	0
Recurring | Loss severity | Level 3 | RMBS | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1	1
Recurring | Loss severity | Level 3 | RMBS | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.64	0.81

Fair Value Measurements - Sig_2

Fair Value Measurements - Significant Unobservable Inputs for Level 3 - Free-standing Derivatives (Details) - Level 3 $ in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 2
Impact of Increase in Input on Fair Value		Decrease
Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 9
Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ (471)
Impact of Increase in Input on Fair Value		Increase
Customized swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 21
Impact of Increase in Input on Fair Value		Increase
Measurement Input, Discount Rate [Member] | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impact of Increase in Input on Fair Value		Increase
Measurement Input, Discount Rate [Member] | Minimum | Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.01
Measurement Input, Discount Rate [Member] | Minimum | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.01
Measurement Input, Discount Rate [Member] | Maximum | Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.01
Measurement Input, Discount Rate [Member] | Maximum | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.01
Measurement Input, Discount Rate [Member] | Weighted Average | Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.01
Measurement Input, Discount Rate [Member] | Weighted Average | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.01
Measurement Input, Price Volatility [Member] | Minimum | Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0
Measurement Input, Price Volatility [Member] | Minimum | Customized swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.16
Measurement Input, Price Volatility [Member] | Maximum | Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.53
Measurement Input, Price Volatility [Member] | Maximum | Customized swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.26
Measurement Input, Price Volatility [Member] | Weighted Average | Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.31
Measurement Input, Price Volatility [Member] | Weighted Average | Customized swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		0.19
Discounted cash flows | Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 3
Impact of Increase in Input on Fair Value	Decrease
Discounted cash flows | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ (3)
Impact of Increase in Input on Fair Value	Increase
Discounted cash flows | Measurement Input, Discount Rate [Member] | Minimum | Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.02
Discounted cash flows | Measurement Input, Discount Rate [Member] | Minimum | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.01
Discounted cash flows | Measurement Input, Discount Rate [Member] | Maximum | Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.02
Discounted cash flows | Measurement Input, Discount Rate [Member] | Maximum | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.01
Discounted cash flows | Measurement Input, Discount Rate [Member] | Weighted Average | Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.02
Discounted cash flows | Measurement Input, Discount Rate [Member] | Weighted Average | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.01
Option model | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 7
Option model | Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ (195)
Impact of Increase in Input on Fair Value	Increase
Option model | Measurement Input, Discount Rate [Member] | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impact of Increase in Input on Fair Value	Increase
Option model | Measurement Input, Discount Rate [Member] | Minimum | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.01
Option model | Measurement Input, Discount Rate [Member] | Maximum | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.01
Option model | Measurement Input, Discount Rate [Member] | Weighted Average | Interest rate swaptions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.01
Option model | Measurement Input, Price Volatility [Member] | Minimum | Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.17
Option model | Measurement Input, Price Volatility [Member] | Maximum | Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.63
Option model | Measurement Input, Price Volatility [Member] | Weighted Average | Equity options
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.28

Fair Value Measurements - Sig_3

Fair Value Measurements - Significant Unobservable Inputs for Level 3 - GMWB and FIA Embedded Derivatives (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Period of historical returns		10 years
Withdrawal Utilization | Minimum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.00%		0.00%
Withdrawal Utilization | Maximum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	100.00%		100.00%
Withdrawal Utilization | Weighted Average | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	62.00%		62.00%
Withdrawal Rates | Minimum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	4.00%		4.00%
Withdrawal Rates | Minimum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.00%
Withdrawal Rates | Maximum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	8.00%		8.00%
Withdrawal Rates | Maximum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	16.00%
Withdrawal Rates | Weighted Average | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	6.00%		6.00%
Withdrawal Rates | Weighted Average | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	2.00%
Lapse Rates | Minimum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.00%		0.00%
Lapse Rates | Minimum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	1.00%
Lapse Rates | Maximum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	48.00%		55.00%
Lapse Rates | Maximum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	34.00%
Lapse Rates | Weighted Average | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	5.00%		5.00%
Lapse Rates | Weighted Average | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	6.00%
Reset Elections | Minimum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.00%		0.00%
Reset Elections | Maximum | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	99.00%		99.00%
Reset Elections | Weighted Average | Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	8.00%		8.00%
Equity Volatility | Minimum | Other Contract | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	11.00%		16.00%
Equity Volatility | Maximum | Other Contract | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	25.00%		28.00%
Equity Volatility | Weighted Average | Other Contract | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	21.00%		21.00%
Option Budgets | Minimum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	1.00%
Option Budgets | Maximum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	4.00%
Option Budgets | Weighted Average | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	2.00%
Credit Standing Adjustment | Minimum | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.03%		0.18%
Credit Standing Adjustment | Minimum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.01%
Credit Standing Adjustment | Maximum | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.15%		0.45%
Credit Standing Adjustment | Maximum | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.08%
Credit Standing Adjustment | Weighted Average | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.09%		0.34%
Credit Standing Adjustment | Weighted Average | FIA embedded derivative | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value unobservable input	0.05%

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - Separate Accounts	Dec. 31, 2021	Dec. 31, 2020
Hedge Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	40.00%	43.00%
Private Equity Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	0.00%	0.00%

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Level 3 Roll Forward (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		$ 878	$ 857
Assets, gain (loss) included in net income	$ 17	(19)	(53)
Assets, gain (loss) included in OCI	(4)	(3)	10
Assets, purchases	599	292	438
Assets, settlements	(177)	(97)	(127)
Assets, sales	(35)	(28)	(61)
Assets, Transfers into level 3	5	57	359
Assets, Transfers out of level 3	(88)	(55)	(545)
Assets, ending balance	1,342	1,025	878
Liability, beginning balance		(420)	(108)
Liability, gain (loss) included in net income	182	467	(389)
Liability, gain (loss) included in OCI	0	0	0
Liability, purchases	(656)	12	339
Liability, settlements	(129)	(219)	(262)
Liability, ending balance	(763)	(160)	(420)
Level 3
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		20	23
Assets, gain (loss) included in net income	0	0	0
Assets, gain (loss) included in OCI	0	0	0
Assets, purchases	71	2	12
Assets, settlements	0	0	0
Assets, sales	(5)	(4)	(7)
Assets, Transfers into level 3	4	2	0
Assets, Transfers out of level 3	(6)	(5)	(8)
Assets, ending balance	79	15	20
Liability, sales	0	0	0
Liability, transfer into Level 3	0	0	0
Liability, transfer out of Level 3	0	0	0
Level 3 | Liability
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Liability, beginning balance		21	5
Liability, sales	0	0	0
Liability, gain (loss) included in net income	29	82	67
Liability, gain (loss) included in OCI	0	0	0
Liability, purchases	(655)	0	0
Liability, settlements	(26)	(26)	(51)
Liability, transfer into Level 3	0	0	0
Liability, transfer out of Level 3	0	0	0
Liability, ending balance	(575)	77	21
Level 3 | FIA embedded derivative
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Liability, sales	0
Liability, gain (loss) included in net income	0
Liability, gain (loss) included in OCI	0
Liability, purchases	(655)
Liability, settlements	0
Liability, transfer into Level 3	0
Liability, transfer out of Level 3	0
Liability, ending balance	(655)	0
Level 3 | GMWB embedded derivative
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Liability, beginning balance		21	5
Liability, sales	0	0	0
Liability, gain (loss) included in net income	29	82	67
Liability, gain (loss) included in OCI	0	0	0
Liability, purchases	0	0	0
Liability, settlements	(26)	(26)	(51)
Liability, transfer into Level 3	0	0	0
Liability, transfer out of Level 3	0	0	0
Liability, ending balance	80	77	21
Level 3 | Derivative
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		(441)	(113)
Assets, gain (loss) included in net income	153	385	(456)
Assets, gain (loss) included in OCI	0	0	0
Assets, purchases	(1)	12	339
Assets, settlements	(103)	(193)	(211)
Assets, sales	0	0	0
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	0	0	0
Assets, ending balance	(188)	(237)	(441)
Fair value, beginning balance		2
Gain (loss) included in net income	2	0	(34)
Gain (loss) included in OCI	0	0	0
Purchases	(4)	0	0
Settlements	0	0	0
Sales	0	0	0
Transfers into Level 3	0	0	0
Transfers out of Level 3	0	0	0
Fair value, ending balance	0	2	2
Level 3 | Derivative | Assets
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair value, beginning balance		2	36
Fair value, ending balance			2
Level 3 | Interest rate derivatives | Derivative
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, gain (loss) included in net income	2
Assets, gain (loss) included in OCI	0
Assets, purchases	(4)
Assets, settlements	0
Assets, sales	0
Assets, Transfers into level 3	0
Assets, Transfers out of level 3	0
Assets, ending balance	0	2
Level 3 | Interest rate derivatives | Derivative | Liability
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		2	(2)
Assets, gain (loss) included in net income		0	4
Assets, gain (loss) included in OCI		0	0
Assets, purchases		0	0
Assets, settlements		0	0
Assets, sales		0	0
Assets, Transfers into level 3		0	0
Assets, Transfers out of level 3		0	0
Assets, ending balance		2	2
Level 3 | GMWB hedging instruments | Derivative
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		0	38
Assets, gain (loss) included in net income			(38)
Assets, gain (loss) included in OCI			0
Assets, purchases			0
Assets, settlements			0
Assets, sales			0
Assets, Transfers into level 3			0
Assets, Transfers out of level 3			0
Assets, ending balance			0
Level 3 | Macro hedge program | Derivative
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		(441)	(113)
Assets, gain (loss) included in net income	153	385	(456)
Assets, gain (loss) included in OCI	0	0	0
Assets, purchases	(1)	12	339
Assets, settlements	(103)	(193)	(211)
Assets, sales	0	0	0
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	0	0	0
Assets, ending balance	(188)	(237)	(441)
Level 3 | Available-for-sale Securities | Equity securities, at fair value
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		32	33
Assets, gain (loss) included in net income	20	0	0
Assets, gain (loss) included in OCI	0	0	0
Assets, purchases	0	1	1
Assets, settlements	(32)	0	0
Assets, sales	0	0	(2)
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	0	0	0
Assets, ending balance	21	33	32
Level 3 | Available-for-sale Securities | Fixed maturities, AFS
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		795	742
Assets, gain (loss) included in net income	3	0	2
Assets, gain (loss) included in OCI	(4)	(3)	10
Assets, purchases	444	287	403
Assets, settlements	(124)	(93)	(132)
Assets, sales	(30)	(24)	(52)
Assets, Transfers into level 3	1	55	359
Assets, Transfers out of level 3	(82)	(50)	(537)
Assets, ending balance	1,175	967	795
Level 3 | Available-for-sale Securities | Reinsurance recoverable for GMWB
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		7	17
Assets, gain (loss) included in net income	(8)	(19)	(21)
Assets, gain (loss) included in OCI	0	0	0
Assets, purchases	0	0	0
Assets, settlements	6	6	11
Assets, sales	0	0	0
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	0	0	0
Assets, ending balance	(8)	(6)	7
Level 3 | Available-for-sale Securities | ABS | Fixed maturities, AFS
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		0	13
Assets, gain (loss) included in net income	0	0	0
Assets, gain (loss) included in OCI	0	0	(1)
Assets, purchases	0	10	40
Assets, settlements	0	0	0
Assets, sales	0	0	0
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	(8)	(2)	(52)
Assets, ending balance	0	8	0
Level 3 | Available-for-sale Securities | CLOs | Fixed maturities, AFS
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		259	58
Assets, gain (loss) included in net income	0	0	0
Assets, gain (loss) included in OCI	0	0	2
Assets, purchases	34	50	237
Assets, settlements	(64)	(36)	(28)
Assets, sales	0	0	0
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	(59)	(25)	(10)
Assets, ending balance	159	248	259
Level 3 | Available-for-sale Securities | CMBS | Fixed maturities, AFS
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		54	37
Assets, gain (loss) included in net income	0	0	0
Assets, gain (loss) included in OCI	(2)	2	(3)
Assets, purchases	136	90	18
Assets, settlements	(1)	0	0
Assets, sales	0	0	0
Assets, Transfers into level 3	0	2	2
Assets, Transfers out of level 3	0	(5)	0
Assets, ending balance	276	143	54
Level 3 | Available-for-sale Securities | Corporate | Fixed maturities, AFS
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		328	387
Assets, gain (loss) included in net income	3	0	2
Assets, gain (loss) included in OCI	(2)	(6)	12
Assets, purchases	245	132	51
Assets, settlements	(30)	(23)	(40)
Assets, sales	(11)	(9)	(24)
Assets, Transfers into level 3	0	53	357
Assets, Transfers out of level 3	0	(15)	(417)
Assets, ending balance	665	460	328
Level 3 | Available-for-sale Securities | Municipal | Fixed maturities, AFS
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, gain (loss) included in net income	0
Assets, gain (loss) included in OCI	0
Assets, purchases	0
Assets, settlements	0
Assets, sales	0
Assets, Transfers into level 3	1
Assets, Transfers out of level 3	0
Assets, ending balance	1	0
Level 3 | Available-for-sale Securities | RMBS | Fixed maturities, AFS
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		154	247
Assets, gain (loss) included in net income	0	0	0
Assets, gain (loss) included in OCI	0	1	0
Assets, purchases	29	5	57
Assets, settlements	(29)	(34)	(64)
Assets, sales	(19)	(15)	(28)
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	(15)	(3)	(58)
Assets, ending balance	74	108	154
Short-term investments | Level 3
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Assets, beginning balance		22	6
Assets, gain (loss) included in net income	0	0	0
Assets, gain (loss) included in OCI	0	0	0
Assets, purchases	88	2	22
Assets, settlements	(27)	(10)	(6)
Assets, sales	0	0	0
Assets, Transfers into level 3	0	0	0
Assets, Transfers out of level 3	0	0	0
Assets, ending balance	$ 75	$ 14	$ 22

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments Not Carried At Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	$ 176,364	$ 158,888
Liabilities	174,211	155,703
Funds withheld liability	6,379	0
ACL on mortgage loans	12	17
Reported Value Measurement [Member] | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Funds withheld liability	6,379
Reported Value Measurement [Member] | Level 3 | Other policyholder funds and benefits payable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	5,137	5,282
Reported Value Measurement [Member] | Level 3 | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	1,484	1,452
Reported Value Measurement [Member] | Level 3 | Mortgage loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	2,131	2,092
Estimate of Fair Value Measurement [Member] | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Funds withheld liability	6,379
Estimate of Fair Value Measurement [Member] | Level 3 | Other policyholder funds and benefits payable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities, fair value	4,792	5,261
Estimate of Fair Value Measurement [Member] | Level 3 | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, fair value	1,484	1,452
Estimate of Fair Value Measurement [Member] | Level 3 | Mortgage loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, fair value	$ 2,138	$ 2,248

Fair Value Measurements - Fin_2

Fair Value Measurements - Financial Instruments Classified as Level 3 Still Held at Year End (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized capital gains (losses) related to equity securities still held	$ (6)	$ (59)	$ (31)
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(34)	(39)	(145)
Level 3 | Contract Holder Funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	29	82	67
Level 3 | Contract Holder Funds | GMWB embedded derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	29	82	67
Level 3 | Reinsurance recoverable for GMWB
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized capital gains (losses) related to equity securities still held	(8)	(19)	(21)
Level 3 | Derivative | Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	2	(40)	(10)
Level 3 | Derivative | Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(63)	(121)	(212)
Level 3 | Derivative | Interest rate derivatives
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	2	(40)	6
Level 3 | Derivative | GMWB hedging instruments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)			(16)
Level 3 | Derivative | Macro hedge program
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(63)	(121)	(212)
OCI | Level 3 | Available-for-sale Securities | Fixed maturities, AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized capital gains (losses) related to equity securities still held	(4)	0	4
OCI | Level 3 | CLOs | Available-for-sale Securities | Fixed maturities, AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized capital gains (losses) related to equity securities still held	0	0	1
OCI | Level 3 | CMBS | Available-for-sale Securities | Fixed maturities, AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized capital gains (losses) related to equity securities still held	(2)	3	(3)
OCI | Level 3 | Corporate | Available-for-sale Securities | Fixed maturities, AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized capital gains (losses) related to equity securities still held	(2)	(4)	7
OCI | Level 3 | RMBS | Available-for-sale Securities | Fixed maturities, AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net realized capital gains (losses) related to equity securities still held	$ 0	$ 1	$ (1)

Investments - Investment Income

Investments - Investment Income (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Investment Income [Line Items]
Investment expense	$ (14)	$ (13)	$ (26)	$ (24)
Net investment income	498	534	816	924
Fixed maturities, AFS
Net Investment Income [Line Items]
Gross Investment Income, Operating	174	243	518	586
Equity securities, at fair value
Net Investment Income [Line Items]
Gross Investment Income, Operating	10	2	7	6
Mortgage loans
Net Investment Income [Line Items]
Gross Investment Income, Operating	32	45	92	92
Policy loans
Net Investment Income [Line Items]
Gross Investment Income, Operating	36	40	82	84
Limited partnerships and other alternative investments
Net Investment Income [Line Items]
Gross Investment Income, Operating	259	216	130	161
Other investments
Net Investment Income [Line Items]
Gross Investment Income, Operating	$ 1	$ 1	$ 13	$ 19

Investments - Net Realized Capi

Investments - Net Realized Capital Gains and Sale of AFS (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Gain (Loss) on Securities [Line Items]
Gross gains on sales	$ 14	$ 55	$ 166	$ 67
Gross losses on sales	(20)	(8)	(32)	(18)
Net realized gains (losses) on sales of equity securities	19	0	0	0
Change in net unrealized gains (losses) on equity securities	(2)	0	1	2
Net credit losses on fixed maturities, AFS	0	0	(1)
Intent-to-sell impairments	0	0	(6)	0
Net other-than-temporary impairments ("OTTI") losses recognized in earnings				(4)
Transactional foreign currency revaluation	0	0	3	(4)
Realized Investment Gains (Losses)	(20)	(242)	(74)	(275)
Net realized capital gains (losses) related to equity securities still held	(6)	(59)	(31)
Fixed maturities, available-for-sale	2,976	1,622	2,824	3,498
Not Designated as Hedging Instrument
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Derivatives	(25)	(299)	(187)	(315)
Not Designated as Hedging Instrument | Other Credit Derivatives
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Derivatives	37	(54)	149	54
Variable Annuity
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Derivatives	(67)	(243)	(332)	(365)
Foreign Exchange Forward | Not Designated as Hedging Instrument
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Derivatives	5	(2)	(7)	(4)
Modified Coinsurance Reinsurance Contract | Not Designated as Hedging Instrument
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Derivatives	15	22	(50)	(55)
GMWB derivatives, net
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Derivatives			82	53
Macro hedge program
Gain (Loss) on Securities [Line Items]
Gain (Loss) on Derivatives	(67)	(243)	(414)	(418)
Other investments
Gain (Loss) on Securities [Line Items]
Other, net	16	(72)	192	106
Mortgage loans
Gain (Loss) on Securities [Line Items]
Current period provision (release)	0	6	(8)
Equity securities, at fair value
Gain (Loss) on Securities [Line Items]
Net realized capital gains (losses) related to equity securities still held	(3)	1	4	(2)
Fixed maturities, AFS
Gain (Loss) on Securities [Line Items]
Gross gains on sales	14	55	165	67
Gross losses on sales	(16)	(8)	(31)	(16)
Fixed maturities, available-for-sale	$ 2,372	$ 1,007	$ 1,789	$ 2,541

Investments - Narrative (Detail

Investments - Narrative (Details)	6 Months Ended		12 Months Ended
	Dec. 31, 2021USD ($)security	Jun. 30, 2021USD ($)	Dec. 31, 2021USD ($)security	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Net Investment Income [Line Items]
Fair Value, Concentration of Risk, Investments	$ 0		$ 0	$ 0
Concentration Risk, Benchmark Description	greater than 10% of the Company's stockholders' equity			greater than 10% of the Company's stockholders' equity
Unrealized loss position, number of position | security	1,680		1,680
Percentage of Gross Unrealized Losses Depressed Less than Twenty Percent of Cost or Amortized Cost	100.00%		100.00%
AFS, gross unrealized loss increase			$ 70,000,000
Financing Receivable, Held-for-Sale				$ 0
Financing Receivable, Modifications, Number of Contracts	0
Current Weighted Average Loan to Value Ratio of Commercial Mortgage Loan	51.00%		51.00%
Original Weighted Average Loan to Value Ratio of Commercial Mortgage loan	61.00%		61.00%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Principal Amount of Delinquent Loans				0
Debt Securities, Available-for-sale, Purchased with Credit Deterioration, Amount at Purchase Price	$ 0			0
Variable Interest Entity, Primary Beneficiary, Maximum Loss Exposure, Amount				0
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure	1,100,000,000		$ 1,100,000,000	975,000,000
Variable Interest Entity, Commitments by Third Parties, Amount	419,000,000		419,000,000	461,000,000
Interest-bearing Deposit Liabilities, Domestic	26,000,000		26,000,000	28,000,000
Equity Method Investments	$ 1,100,000,000		1,100,000,000
Aggregate Investment Loss Percentage of Company's Pre Tax Consolidated Net Income Minimum	10.00%
Assets	$ 176,364,000,000		176,364,000,000	158,888,000,000
Liabilities	174,211,000,000		174,211,000,000	155,703,000,000
Net investment income	498,000,000	$ 534,000,000		816,000,000	$ 924,000,000
Net income	280,000,000	186,000,000		399,000,000	359,000,000
Limited Partner [Member]
Net Investment Income [Line Items]
Outstanding Commitments to Fund Limited Partnership and Other Alternative Investments	420,000,000		420,000,000
Assets	171,100,000,000		171,100,000,000	130,700,000,000
Liabilities	30,800,000,000		30,800,000,000	24,300,000,000
Net investment income	2,000,000,000			1,000,000,000	405,000,000
Net income	31,400,000,000			$ 5,900,000,000	10,200,000,000
Mortgage loans
Net Investment Income [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Principal Amount of Delinquent Loans	$ 0		$ 0
Corporate | Financial Service
Net Investment Income [Line Items]
Largest Exposure by Sector, Percent of Invested Assets	9.00%		9.00%	8.00%
Corporate | CLOs
Net Investment Income [Line Items]
Largest Exposure by Sector, Percent of Invested Assets	8.00%		8.00%	8.00%
Corporate | Public utilities
Net Investment Income [Line Items]
Largest Exposure by Sector, Percent of Invested Assets	7.00%		7.00%	7.00%
Fixed Income Funds | Variable Interest Entity, Primary Beneficiary [Member]
Net Investment Income [Line Items]
Variable Interest Entity, Primary Beneficiary, Maximum Loss Exposure, Amount	$ 0		$ 0
Limited partnerships and other alternative investments
Net Investment Income [Line Items]
Gross Investment Income, Operating	$ 259,000,000	$ 216,000,000		$ 130,000,000	$ 161,000,000
HSBC Holding plc. [Member]
Net Investment Income [Line Items]
Largest Exposure by Issuer, Percent of Invested Assets	1.00%		1.00%	1.00%
IBM Corporation [Member] | Corporate
Net Investment Income [Line Items]
Largest Exposure by Issuer, Percent of Invested Assets	1.00%		1.00%	1.00%
Wells Fargo and Company
Net Investment Income [Line Items]
Largest Exposure by Issuer, Percent of Invested Assets	1.00%		1.00%
Verizon Communications Inc. [Member]
Net Investment Income [Line Items]
Largest Exposure by Issuer, Percent of Invested Assets				1.00%
Mortgage loans
Net Investment Income [Line Items]
Interest Receivable	$ 6,000,000		$ 6,000,000	$ 7,000,000
Debt Securities
Net Investment Income [Line Items]
Interest Receivable	178,000,000		178,000,000	$ 114,000,000
Mortgage loans
Net Investment Income [Line Items]
Financing Receivable, Individually Evaluated for Impairment	0		0
Financing Receivable, Held-for-Sale	$ 0		$ 0

Investments - AFS Securities (D

Investments - AFS Securities (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	$ 0	$ 1	$ 0
ACL, ending balance	0	1	1	$ 0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance as of beginning of period			(4)	(6)
Fixed maturities not previously impaired				(4)
Fixed maturities that matured or were sold during the period				6
Fixed maturities due to an increase in expected cash flows				0
Balance as of end of period				(4)
Available-for-sale, amortized cost	20,986		13,137
ACL	0	1	1	$ 0
Gross Unrealized Gains	93		1,753
Gross Unrealized Losses	(108)		(38)
Fair Value	20,971		14,875
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	341		238
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value	341		241
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	2,904		1,376
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	2,890		1,462
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	5,248		1,808
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	5,241		2,052
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost	8,125		5,957
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	8,151		7,264
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	16,618		9,379
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	16,623		11,019
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	4,368		3,758
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	4,348		3,856
Debt Securities, Available-for-sale, Amortized Cost, Total	20,986		13,137
Debt Securities, Available-for-sale	20,971		14,875
Debt Securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	9,016		1,158
AFS, Less Than 12 Months, Unrealized Losses	(108)		(31)
AFS, 12 Months or More, Fair Value	0		531
AFS, Less Than 12 Months, Unrealized Losses	0		(7)
AFS, Fair Value	9,016		1,689
AFS, Unrealized Losses	(108)		(38)
ABS
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		0
ACL, ending balance	0		0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	260		436
ACL	0		0
Gross Unrealized Gains	0		8
Gross Unrealized Losses	(2)		0
Fair Value	258		444
Debt Securities, Available-for-sale, Amortized Cost, Total	260		436
Debt Securities, Available-for-sale	258		444
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	252		0
AFS, Less Than 12 Months, Unrealized Losses	(2)		0
AFS, 12 Months or More, Fair Value	0		16
AFS, Less Than 12 Months, Unrealized Losses	0		0
AFS, Fair Value	252		16
AFS, Unrealized Losses	(2)		0
CLOs
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		0
ACL, ending balance	0		0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	945		1,425
ACL	0		0
Gross Unrealized Gains	0		7
Gross Unrealized Losses	(1)		(4)
Fair Value	944		1,428
Debt Securities, Available-for-sale, Amortized Cost, Total	945		1,425
Debt Securities, Available-for-sale	944		1,428
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	751		346
AFS, Less Than 12 Months, Unrealized Losses	(1)		(1)
AFS, 12 Months or More, Fair Value	0		411
AFS, Less Than 12 Months, Unrealized Losses	0		(3)
AFS, Fair Value	751		757
AFS, Unrealized Losses	(1)		(4)
CMBS
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		0
ACL, ending balance	0		0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	2,345		1,152
ACL	0		0
Gross Unrealized Gains	4		77
Gross Unrealized Losses	(14)		(11)
Fair Value	2,335		1,215
Debt Securities, Available-for-sale, Amortized Cost, Total	2,345		1,152
Debt Securities, Available-for-sale	2,335		1,215
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	961		214
AFS, Less Than 12 Months, Unrealized Losses	(14)		(11)
AFS, 12 Months or More, Fair Value	0		2
AFS, Less Than 12 Months, Unrealized Losses	0		0
AFS, Fair Value	961		216
AFS, Unrealized Losses	(14)		(11)
Corporate
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		(1)
Credit losses on fixed maturities where an allowance was not previously recorded	0	0	1
ACL, ending balance	0		(1)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	13,380		7,240
ACL	0		(1)
Gross Unrealized Gains	50		1,296
Gross Unrealized Losses	(73)		(12)
Fair Value	13,357		8,552
Debt Securities, Available-for-sale, Amortized Cost, Total	13,380		7,240
Debt Securities, Available-for-sale	13,357		8,552
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	5,788		110
AFS, Less Than 12 Months, Unrealized Losses	(73)		(9)
AFS, 12 Months or More, Fair Value	0		63
AFS, Less Than 12 Months, Unrealized Losses	0		(3)
AFS, Fair Value	5,788		173
AFS, Unrealized Losses	(73)		(12)
Foreign governments
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		0
ACL, ending balance	0		0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	365		236
ACL	0		0
Gross Unrealized Gains	1		32
Gross Unrealized Losses	(4)		0
Fair Value	362		266
Debt Securities, Available-for-sale, Amortized Cost, Total	365		236
Debt Securities, Available-for-sale	362		266
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	173		1
AFS, Less Than 12 Months, Unrealized Losses	(4)		0
AFS, 12 Months or More, Fair Value	0		0
AFS, Less Than 12 Months, Unrealized Losses	0		0
AFS, Fair Value	173		1
AFS, Unrealized Losses	(4)		0
Municipal bonds
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		0
ACL, ending balance	0		0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	1,452		761
ACL	0		0
Gross Unrealized Gains	10		115
Gross Unrealized Losses	(6)		(1)
Fair Value	1,456		875
Debt Securities, Available-for-sale, Amortized Cost, Total	1,452		761
Debt Securities, Available-for-sale	1,456		875
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	337		28
AFS, Less Than 12 Months, Unrealized Losses	(6)		(1)
AFS, 12 Months or More, Fair Value	0		0
AFS, Less Than 12 Months, Unrealized Losses	0		0
AFS, Fair Value	337		28
AFS, Unrealized Losses	(6)		(1)
RMBS
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		0
ACL, ending balance	0		0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	818		745
ACL	0		0
Gross Unrealized Gains	0		26
Gross Unrealized Losses	(7)		(2)
Fair Value	811		769
Debt Securities, Available-for-sale, Amortized Cost, Total	818		745
Debt Securities, Available-for-sale	811		769
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	537		223
AFS, Less Than 12 Months, Unrealized Losses	(7)		(1)
AFS, 12 Months or More, Fair Value	0		39
AFS, Less Than 12 Months, Unrealized Losses	0		(1)
AFS, Fair Value	537		262
AFS, Unrealized Losses	(7)		(2)
U.S. Treasuries
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		$ 0
ACL, ending balance	0		0
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Available-for-sale, amortized cost	1,421		1,142
ACL	0		0
Gross Unrealized Gains	28		192
Gross Unrealized Losses	(1)		(8)
Fair Value	1,448		1,326
Debt Securities, Available-for-sale, Amortized Cost, Total	1,421		1,142
Debt Securities, Available-for-sale	1,448		1,326
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less Than 12 Months, Fair Value	217		236
AFS, Less Than 12 Months, Unrealized Losses	(1)		(8)
AFS, 12 Months or More, Fair Value	0		0
AFS, Less Than 12 Months, Unrealized Losses	0		0
AFS, Fair Value	217		236
AFS, Unrealized Losses	$ (1)		$ (8)

Investments - ACL on Mortgage L

Investments - ACL on Mortgage Loans (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ 17
Ending balance	$ 12		$ 17
Mortgage loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	0	17	0	$ 5
Change in ACL on mortgage loans	0	(6)	8	(5)
Ending balance	$ 12	11	17	0
Cumulative effect of accounting changes, net of tax | Mortgage loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance		12
Cumulative effect of accounting changes, net of tax | Accounting Standards Update 2016-13 | Mortgage loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			9
Ending balance				9
Adjusted balance | Mortgage loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		17	9	5
Ending balance		$ 12	$ 17	$ 9

Investments - Mortgage Loans by

Investments - Mortgage Loans by Origination, Region and Property Type (Details) $ in Millions	Dec. 31, 2021USD ($)	Jul. 01, 2021USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
ACL on mortgage loans	$ 12			$ 17
Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 385			$ 170
Average Debt Service Coverage Ratio, Year One, Originated, Current Fiscal Year	2.68			2.23
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	$ 178			$ 285
Average Debt Service Coverage Ratio, Year Two, Originated, Fiscal Year Before Current Year	2.45			2.56
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	$ 259			$ 353
Average Debt Service Coverage Ratio, Year Three, Originated, Two Years Before Current Fiscal Year	2.76			1.99
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	$ 313			$ 342
Average Debt Service Coverage Ratio, Year Four, Originated, Three Years Before Current Fiscal Year	1.86			2.25
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	$ 276			$ 177
Average Debt Service Coverage Ratio, Year Five, Originated, Four Years Before Current Fiscal Year	2.22			2.90
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	$ 732			$ 782
Average Debt Service Coverage Ratio, Originated, More Than Five Years Before Current Fiscal Year	2.47			2.21
Financing Receivable, before Allowance for Credit Loss, Total	$ 2,143			$ 2,109
Average Debt Service Coverage Ratio, Before Allowance for Credit Losses	2.42			2.29
ACL on mortgage loans	$ 12	$ 0	$ 11	$ 17	$ 0	$ 5
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 2,143			$ 2,109
Investment Owned, Percent of Net Assets	100.00%			100.00%
Industrial | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 711			$ 602
Investment Owned, Percent of Net Assets	33.20%			28.60%
Lodging | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 0			$ 22
Investment Owned, Percent of Net Assets	0.00%			1.00%
Multifamily | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 590			$ 536
Investment Owned, Percent of Net Assets	27.50%			25.40%
Office | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 423			$ 481
Investment Owned, Percent of Net Assets	19.70%			22.80%
Retail | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 403			$ 418
Investment Owned, Percent of Net Assets	18.80%			19.80%
Single Family | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 16			$ 50
Investment Owned, Percent of Net Assets	0.80%			2.40%
East North Central | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 78			$ 80
Investment Owned, Percent of Net Assets	3.60%			3.80%
East South Central | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 20			$ 19
Investment Owned, Percent of Net Assets	0.90%			0.90%
Middle Atlantic | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 152			$ 154
Investment Owned, Percent of Net Assets	7.10%			7.30%
Mountain | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 142			$ 78
Investment Owned, Percent of Net Assets	6.60%			3.70%
New England | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 87			$ 83
Investment Owned, Percent of Net Assets	4.10%			3.90%
Pacific | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 559			$ 562
Investment Owned, Percent of Net Assets	26.10%			26.70%
South Atlantic | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 627			$ 569
Investment Owned, Percent of Net Assets	29.30%			27.00%
West South Central | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 184			$ 213
Investment Owned, Percent of Net Assets	8.60%			10.10%
Other | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 294			$ 351
Investment Owned, Percent of Net Assets	13.70%			16.60%
65% - 80% | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 7			$ 6
Average Debt Service Coverage Ratio, Year One, Originated, Current Fiscal Year	2.37			1.24
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	$ 18			$ 78
Average Debt Service Coverage Ratio, Year Two, Originated, Fiscal Year Before Current Year	2.62			1.56
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	$ 25			$ 175
Average Debt Service Coverage Ratio, Year Three, Originated, Two Years Before Current Fiscal Year	1.55			1.75
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	$ 43			$ 94
Average Debt Service Coverage Ratio, Year Four, Originated, Three Years Before Current Fiscal Year	1			1.98
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	$ 41			$ 1
Average Debt Service Coverage Ratio, Year Five, Originated, Four Years Before Current Fiscal Year	1.94			2.95
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	$ 37			$ 54
Average Debt Service Coverage Ratio, Originated, More Than Five Years Before Current Fiscal Year	1.23			1.12
Financing Receivable, before Allowance for Credit Loss, Total	$ 171			$ 408
Average Debt Service Coverage Ratio, Before Allowance for Credit Losses	1.60			1.68
Less than 65% | Mortgage loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 378			$ 164
Average Debt Service Coverage Ratio, Year One, Originated, Current Fiscal Year	2.68			2.26
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	$ 160			$ 207
Average Debt Service Coverage Ratio, Year Two, Originated, Fiscal Year Before Current Year	2.43			2.95
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	$ 234			$ 178
Average Debt Service Coverage Ratio, Year Three, Originated, Two Years Before Current Fiscal Year	2.89			2.24
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	$ 270			$ 248
Average Debt Service Coverage Ratio, Year Four, Originated, Three Years Before Current Fiscal Year	2			2.35
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	$ 235			$ 176
Average Debt Service Coverage Ratio, Year Five, Originated, Four Years Before Current Fiscal Year	2.27			2.90
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	$ 695			$ 728
Average Debt Service Coverage Ratio, Originated, More Than Five Years Before Current Fiscal Year	2.54			2.29
Financing Receivable, before Allowance for Credit Loss, Total	$ 1,972			$ 1,701
Average Debt Service Coverage Ratio, Before Allowance for Credit Losses	2.50			2.44

Investments - Repurchase Agreem

Investments - Repurchase Agreements (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investments [Abstract]
Securities Sold under Agreements to Repurchase, Gross	$ 663	$ 262
Securities Sold Under Agreements to Repurchase, Collateral, Obligation to Return	679	267
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	$ 44	$ 28

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 30, 2021
Derivative [Line Items]
Derivative, Notional Amount	$ 41,327,000,000		$ 40,228,000,000
Invested Assets Suppoting Modco	775,000,000		843,000,000
Gain (loss) reclassification from ACOI, estimated net amount to be transferred	1,000,000
Reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges	0	$ 0	0	$ 0
Security Owned and Pledged as Collateral, Fair Value	2,000,000		48,000,000
Margin Deposit Assets	4,000,000		7,000,000
Derivative Asset, Collateral, Obligation to Return Cash, Offset	172,000,000		208,000,000
Securities Received as Collateral	30,000,000		65,000,000
Fair value securities
Derivative [Line Items]
Securities Received as Collateral	5,000,000				$ 0
Collateral Pledged
Derivative [Line Items]
Security Owned and Pledged as Collateral, Fair Value	270,000,000		526,000,000
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Notional Amount	41,227,000,000		40,203,000,000
Interest rate swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Notional Amount	$ 506,000,000		$ 1,300,000,000

Derivatives - Balance Sheet Cla

Derivatives - Balance Sheet Classification and Offsetting (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 41,327	$ 40,228
Derivative, Fair Value, Net	(777)	(533)
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	291	344
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(1,068)	(877)
Designated as Hedging | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	100	25
Derivative, Fair Value, Net	0	(2)
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	(2)
Designated as Hedging | Cash flow hedges | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	100	0
Derivative, Fair Value, Net	0	0
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Designated as Hedging | Cash flow hedges | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0	25
Derivative, Fair Value, Net	0	(2)
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	(2)
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	41,227	40,203
Derivative, Fair Value, Net	(777)	(531)
Derivative Asset, Fair Value, Gross Asset	291	344
Derivative Liability, Fair Value, Gross Liability	(1,068)	(875)
Not Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	506	1,300
Not Designated as Hedging Instrument | Interest Rate Swaps and Futures [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	3,074	3,419
Derivative, Fair Value, Net	(7)	(13)
Derivative Asset, Fair Value, Gross Asset	19	28
Derivative Liability, Fair Value, Gross Liability	(26)	(41)
Not Designated as Hedging Instrument | Foreign currency swaps and forwards
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	161	222
Derivative, Fair Value, Net	9	0
Derivative Asset, Fair Value, Gross Asset	10	8
Derivative Liability, Fair Value, Gross Liability	(1)	(8)
Not Designated as Hedging Instrument | Credit derivatives that purchase credit protection
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0	40
Derivative, Fair Value, Net	0	0
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument | Credit derivatives that assume credit risk
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	100	0
Derivative, Fair Value, Net	2	0
Derivative Asset, Fair Value, Gross Asset	2	0
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument | Equity index swaps, options, and futures
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0	2,000
Derivative, Fair Value, Net	0	0
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument | GMWB product derivatives
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	7,086	7,803
Derivative, Fair Value, Net	80	21
Derivative Asset, Fair Value, Gross Asset	100	33
Derivative Liability, Fair Value, Gross Liability	(20)	(12)
Not Designated as Hedging Instrument | Reinsurance recoverable for GMWB
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	1,555	1,688
Derivative, Fair Value, Net	(8)	7
Derivative Asset, Fair Value, Gross Asset	0	7
Derivative Liability, Fair Value, Gross Liability	(8)	0
Not Designated as Hedging Instrument | Macro hedge program
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	22,991	24,188
Derivative, Fair Value, Net	(213)	(453)
Derivative Asset, Fair Value, Gross Asset	145	268
Derivative Liability, Fair Value, Gross Liability	(358)	(721)
Not Designated as Hedging Instrument | FIA embedded derivative
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	5,485	0
Derivative, Fair Value, Net	(655)	0
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	(655)	0
Not Designated as Hedging Instrument | Modified coinsurance reinsurance contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	775	843
Derivative, Fair Value, Net	15	(93)
Derivative Asset, Fair Value, Gross Asset	15	0
Derivative Liability, Fair Value, Gross Liability	0	(93)
Fixed maturities, available-for-sale
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	56	49
Derivative, Fair Value, Net	0	0
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Other investments
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	8,163	5,791
Derivative, Fair Value, Net	43	12
Derivative Asset, Fair Value, Gross Asset	91	13
Derivative Liability, Fair Value, Gross Liability	(48)	(1)
Other liabilities
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	18,206	24,054
Derivative, Fair Value, Net	(252)	(480)
Derivative Asset, Fair Value, Gross Asset	85	291
Derivative Liability, Fair Value, Gross Liability	(337)	(771)
Reinsurance recoverable for GMWB
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	2,331	2,531
Derivative, Fair Value, Net	7	(86)
Derivative Asset, Fair Value, Gross Asset	15	7
Derivative Liability, Fair Value, Gross Liability	(8)	(93)
Other policyholder funds and benefits payable
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	12,571	7,803
Derivative, Fair Value, Net	(575)	21
Derivative Asset, Fair Value, Gross Asset	100	33
Derivative Liability, Fair Value, Gross Liability	(675)	(12)
Derivative Financial Instruments, Liabilities [Member] | Other liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	(385)	(772)
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(134)	(279)
Derivative Liability	(252)	(480)
Derivative, Collateral, Right to Reclaim Cash	1	(13)
Derivative Liability, Fair Value of Collateral	(251)	(488)
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	(5)
Derivative Financial Instruments, Assets [Member] | Other investments
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	176	304
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	162	295
Derivative assets	43	12
Derivative, Collateral, Obligation to Return Cash	(29)	(3)
Derivative Asset, Fair Value of Collateral	5	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	$ 9	$ 9

Derivatives - Cash Flow Hedges

Derivatives - Cash Flow Hedges (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	$ 0	$ 0	$ (2)	$ 0
Net realized capital losses	(20)	(242)	(74)	(275)
Net investment income	498	534	816	924
Gain (loss) reclassification from ACOI, estimated net amount to be transferred	1
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	0	0	0	0
Foreign currency swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	0	0	(2)	0
Net Gain on Cash Flow Hedging Instruments | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net realized capital losses	0	(1)	0	0
Net investment income	0	0	0	0
Net Gain on Cash Flow Hedging Instruments | Reclassification out of Accumulated Other Comprehensive Income | Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net realized capital losses	0	0	0	0
Net investment income	0	0	0	0
Net Gain on Cash Flow Hedging Instruments | Reclassification out of Accumulated Other Comprehensive Income | Foreign currency swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net realized capital losses	0	(1)	0	0
Net investment income	$ 0	$ 0	$ 0	$ 0

Derivatives - Non-qualifying St

Derivatives - Non-qualifying Strategies (Details) - Not Designated as Hedging Instrument - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Gain (Loss) on Derivatives	$ (25)	$ (299)	$ (187)	$ (315)
Credit derivatives that purchase credit protection
Derivative [Line Items]
Gain (Loss) on Derivatives	0	0	19	0
Credit derivatives that assume credit risk
Derivative [Line Items]
Gain (Loss) on Derivatives	1	0	0	7
Other Credit Derivatives
Derivative [Line Items]
Gain (Loss) on Derivatives	37	(54)	149	54
Fair Value Hedging [Member]
Derivative [Line Items]
Gain (Loss) on Derivatives	(67)	(243)	(332)	(365)
GMWB product derivatives
Derivative [Line Items]
Gain (Loss) on Derivatives	29	82	67	134
Reinsurance recoverable for GMWB
Derivative [Line Items]
Gain (Loss) on Derivatives	4	(24)	(27)	(13)
GMWB Hedging Instruments [Member]
Derivative [Line Items]
Gain (Loss) on Derivatives			42	(68)
Macro hedge program
Derivative [Line Items]
Gain (Loss) on Derivatives	(100)	(301)	(414)	(418)
Foreign Exchange Forward
Derivative [Line Items]
Gain (Loss) on Derivatives	5	(2)	(7)	(4)
Foreign Exchange Forward | Foreign currency swaps
Derivative [Line Items]
Gain (Loss) on Derivatives	5	(2)	(4)	0
Fixed Annuity Hedging Instruments [Member]
Derivative [Line Items]
Gain (Loss) on Derivatives	0	0	0	(4)
Foreign exchange derivatives
Derivative [Line Items]
Gain (Loss) on Derivatives	5	(2)	(4)	(4)
Interest rate derivatives
Derivative [Line Items]
Gain (Loss) on Derivatives	21	(76)	180	103
Equity index swaps, options, and futures
Derivative [Line Items]
Gain (Loss) on Derivatives	0	0	0	(1)
Other Contract
Derivative [Line Items]
Gain (Loss) on Derivatives	$ 15	$ 22	$ (50)	$ (55)

Derivatives - Schedule of Credi

Derivatives - Schedule of Credit Derivatives (Details) - Credit derivatives - Credit Default Swap $ in Millions	6 Months Ended
	Dec. 31, 2021USD ($)
Credit Derivatives [Line Items]
Notional Amount	$ 100
Fair Value	2
Offsetting Notional Amount	0
Offsetting Fair Value	0
Investment grade risk exposure
Credit Derivatives [Line Items]
Notional Amount	100
Fair Value	$ 2
Weighted Average Years to Maturity	5 years
Offsetting Notional Amount	$ 0
Offsetting Fair Value	$ 0

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($) $ in Millions	Dec. 30, 2021	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Reinsurance recoverable for GMWB		$ 35,848		$ 27,455		$ 35,848
ACL on reinsurance recoverable, increase						30
ACL on reinsurance recoverables		37		7		37
Life insurance recoveries on ceded reinsurance contracts		782	$ 958	1,500	$ 1,400
Global Atlantic | FIA embedded derivative
Effects of Reinsurance [Line Items]
Reinsurance recoverable for GMWB		8,700		7,600		8,700
Mass Mutual | Retirement
Effects of Reinsurance [Line Items]
Reinsurance recoverable for GMWB		6,800		7,000		6,800
Prudential | Individual Life
Effects of Reinsurance [Line Items]
Reinsurance recoverable for GMWB		13,100		$ 11,800		13,100
TR Re | Reinsurance Agreement, Affiliated Reinsurance Agreement
Effects of Reinsurance [Line Items]
Payment for ceded commissions	$ 100
Assumed reinsurance, deferred gain	805
Reinsurance recoverable for GMWB		6,130				6,130
Payment for assumed reinsurance, tax settlement	84
TR Re | Individual Life
Effects of Reinsurance [Line Items]
Reinsurance recoverable for GMWB		6,100				6,100
Allianz | Reinsurance Agreement, Assumed Reinsurance
Effects of Reinsurance [Line Items]
Assumed reinsurance, consideration transferred	693
Payment for ceded commissions	866
Assumed reinsurance, deferred gain	$ 25
Reinsurance recoverable for GMWB		$ 244				$ 244

Reinsurance - Summary of Assume

Reinsurance - Summary of Assumed and Affiliated Reinsurance (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Effects of Reinsurance [Line Items]
Investments	$ 27,216	$ 20,309
Cash	49	40
Other assets	412	345
Reinsurance recoverable for GMWB	35,848	27,455
Total assets	176,364	158,888
Reserve for future policy benefits	21,698	18,625
Other policyholder funds and benefits payable	32,622	25,307
Funds withheld liability	6,379	0
Other liabilities	1,920	2,146
Total liabilities	174,211	$ 155,703
Reinsurance Agreement, Assumed Reinsurance | Allianz
Effects of Reinsurance [Line Items]
Investments	8,357
Cash	17
Other assets	75
Reinsurance recoverable for GMWB	244
Total assets	8,693
Reserve for future policy benefits	616
Other policyholder funds and benefits payable	7,340
Other liabilities	27
Total liabilities	7,983
Reinsurance Agreement, Affiliated Reinsurance Agreement | TR Re
Effects of Reinsurance [Line Items]
Reinsurance recoverable for GMWB	6,130
Total assets	6,130
Funds withheld liability	5,128
Other liabilities	818
Total liabilities	$ 5,946

Reinsurance - Reinsurance Recov

Reinsurance - Reinsurance Recoverable (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance Recoverables	$ 35,848	$ 27,455
Reinsurance Recoverables, Gross	35,885	27,462
ACL on reinsurance recoverables	37	7
Sold businesses (MassMutual and Prudential) | Life insurance and annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance Recoverables	19,850	18,807
FIA embedded derivative | Global Atlantic
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance Recoverables	8,700	7,600
FIA embedded derivative | Global Atlantic | Life insurance and annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance Recoverables	8,718	7,579
FIA embedded derivative | TR Re | Life insurance and annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance Recoverables	6,130	0
Continuing Operations [Member] | Other reinsurers
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance Recoverables	$ 1,187	$ 1,076

Reinsurance - Insurance Revenue

Reinsurance - Insurance Revenues (Details) - Other reinsurers - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Gross Fee Income Earned Premium and Other Life	$ 1,173	$ 1,210	$ 2,221	$ 2,375
Assumed From Other Companies	69	64	125	115
Ceded Premiums Earned	(801)	(812)	(1,570)	(1,627)
Net Amount	$ 441	$ 462	$ 776	$ 863

Value of Business Acquired (Det

Value of Business Acquired (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, beginning of period	$ 565	$ 586	$ 696	$ 716
Present Value of Future Insurance Profits, Amortization Expense	(17)	29	14	25
Present Value of Future Insurance Profits, Amortization Expense, Assumption Change	(73)	14	(64)
Present Value of Future Insurance Profits, Unrealized Gain (Loss) on Investment	4	26	(60)	(45)
Balance, end of period	479	$ 655	$ 586	$ 696
Present Value of Future Insurance Profits, Amortization Expense, Next Five Years [Abstract]
2022	28
2023	28
2024	29
2025	30
2026	$ 31

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Millions	6 Months Ended
	Dec. 31, 2021USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 0
Acquisitions	97
Accumulated impairments	0
Balance, end of period	$ 97

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets Gross and Net (Details) - USD ($) $ in Millions	6 Months Ended		120 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross		$ 29		$ 29
Finite-Lived Intangible Assets, Accumulated Amortization	$ 21	18	$ 21
Finite-lived Intangible Assets Acquired	30
Finite-Lived Intangible Assets, Net	38	11	38
Indefinite-lived Intangible Assets (Excluding Goodwill)	26	26	26	26
Indefinite-lived Intangible Assets Acquired	0
Intangible Assets, Gross (Excluding Goodwill)		55		$ 55
Other Intangible Assets, Net	$ 64	$ 37	$ 64
Intangible assets, useful life	7 years	5 years	7 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Expected Future Amortization (Details) $ in Millions	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 6
2023	6
2024	6
2025	6
2026	$ 6

Reserves for Future Policy Be_3

Reserves for Future Policy Benefits and Separate Account Liabilities - Changes in Reserve for Future Policy Benefits (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Liability, beginning balance	$ 21,122	$ 18,625	$ 18,465
Incurred	1,135	450	1,094
Paid	(559)	(387)	(934)
Liability, ending balance	21,698	18,688	18,625
Reinsurance recoverable asset, beginning balance	10,000	9,139	8,803
Incurred	5,237	330	705
Paid	(198)	(196)	(369)
Reinsurance recoverable asset, ending balance	15,039	9,273	9,139
GMDB
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Liability, beginning balance		460	450
Incurred		54	101
Paid		(50)	(91)
Liability, ending balance		464	460
Reinsurance recoverable asset, beginning balance		254	269
Incurred		35	57
Paid		(41)	(72)
Reinsurance recoverable asset, ending balance		248	254
GMDB | Variable Annuity
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Liability, beginning balance	346
Incurred	38
Paid	(44)
Liability, ending balance	340
Reinsurance recoverable asset, beginning balance	184
Incurred	152
Paid	(37)
Reinsurance recoverable asset, ending balance	299
Guaranteed Minimum Income Benefit
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Liability, beginning balance	0
Incurred	604
Paid	0
Liability, ending balance	604
Reinsurance recoverable asset, beginning balance	0
Incurred	0
Paid	0
Reinsurance recoverable asset, ending balance	0
Secondary Guarantees | Universal Life
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Liability, beginning balance	4,394	4,195	3,691
Incurred	240	217	526
Paid	(29)	(18)	(22)
Liability, ending balance	4,605	4,394	4,195
Reinsurance recoverable asset, beginning balance	4,394	4,195	3,691
Incurred	240	217	526
Paid	(29)	(18)	(22)
Reinsurance recoverable asset, ending balance	4,605	4,394	4,195
Annuitization Benefit
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Liability, beginning balance	16,382	13,970	14,324
Incurred	253	179	467
Paid	(486)	(319)	(821)
Liability, ending balance	16,149	13,830	13,970
Reinsurance recoverable asset, beginning balance	5,422	4,690	4,843
Incurred	4,845	78	122
Paid	(132)	(137)	(275)
Reinsurance recoverable asset, ending balance	$ 10,135	$ 4,631	$ 4,690

Reserves for Future Policy Be_4

Reserves for Future Policy Benefits and Separate Account Liabilities - Account Value by Type (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account liabilities	$ 111,592	$ 109,625
Net Amount at Risk by Product and Guarantee, Separate Account Value	76,990
GMDB
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	2,715
Separate account liabilities	34,602
GMDB | Variable Annuity
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	37,317
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	2,223
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	$ 198
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	74 years
GMDB | Variable Annuity | MAV only
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 12,968
GMDB | Variable Annuity | With Five Percent Rollup
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	952
GMDB | Variable Annuity | With Earnings Protection Benefit Rider (EPB)
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	3,284
GMDB | Variable Annuity | With Five Percent Rollup and EPB
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	452
GMDB | Variable Annuity | Annuitization Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	17,656
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	167
GMDB | Variable Annuity | Asset Protection Benefit ("APB")
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	8,395
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	41
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	$ 15
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	73 years
GMDB | Variable Annuity | Lifetime Income Benefit ("LIB") - Death Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 354
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	2
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	$ 1
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	75 years
GMDB | Variable Annuity | Reset
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 2,505
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	6
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	$ 3
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	72 years
GMDB | Variable Annuity | Return of Net Deposit
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 5,422
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	42
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	$ 12
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	75 years
GMDB | Variable Annuity | Maximum | MAV only
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	$ 1,351
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	105
GMDB | Variable Annuity | Maximum | With Five Percent Rollup
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	62
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	9
GMDB | Variable Annuity | Maximum | With Earnings Protection Benefit Rider (EPB)
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	620
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	42
GMDB | Variable Annuity | Maximum | With Five Percent Rollup and EPB
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	99
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	11
GMDB | Variable Annuity | Maximum | Annuitization Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	$ 2,132
GMDB | Variable Annuity | Weighted Average | MAV only
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	74 years
GMDB | Variable Annuity | Weighted Average | With Five Percent Rollup
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	75 years
GMDB | Variable Annuity | Weighted Average | With Earnings Protection Benefit Rider (EPB)
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	75 years
GMDB | Variable Annuity | Weighted Average | With Five Percent Rollup and EPB
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	76 years
Guaranteed Lifetime Withdrawal Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 4,800
Deferred Annuitization | Variable Annuity | Guaranteed Lifetime Withdrawal Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	2,985
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	0
Net Amount at Risk by Product and Guarantee, Net Amount at Risk, Retained	$ 0
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	73 years
GMWB embedded derivative
Net Amount at Risk by Product and Guarantee [Line Items]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	$ 0
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	76 years

Reserves for Future Policy Be_5

Reserves for Future Policy Benefits and Separate Account Liabilities - Separate Accounts by Major Category of Investment (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Schedule of Fair Value of Separate Accounts by Major Category of Investment, Fair Value	$ 34,602	$ 33,776
Invested in Fixed Income Securities	17.00%	18.00%
Invested in Equity Securities	83.00%	82.00%
Equity securities, at fair value
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Schedule of Fair Value of Separate Accounts by Major Category of Investment, Fair Value	$ 33,240	$ 32,011
Cash
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Schedule of Fair Value of Separate Accounts by Major Category of Investment, Fair Value	1,362	1,765
GMDB
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	2,715
Deferred Annuitization | GMDB
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 3,000	$ 2,600

Debt (Details)

Debt (Details)	Dec. 31, 2021USD ($)
Debt Disclosure [Abstract]
Financial instruments owned and pledged as collateral	$ 731,000,000
FHLBB advances	$ 0

Income Taxes - Income tax expen

Income Taxes - Income tax expense (benefit) (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Current - U.S. Federal	$ (86)	$ 0	$ 10	$ (8)
Deferred - U.S. Federal	137	30	56	52
Total income tax expense	$ 51	$ 30	$ 66	$ 44

Income Taxes - Deferred tax ass

Income Taxes - Deferred tax assets (liabilities) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets
Tax basis deferred policy acquisition costs	$ 110	$ 79
VOBA and reserves	716	567
Net operating loss carryover	25	102
Employee benefits	7	7
Foreign tax credit carryover	16	18
Net unrealized loss on investments	4	0
Deferred reinsurance gain	187	198
Other	0	12
Total deferred tax assets	1,065	983
Deferred Tax Liabilities
Investment related items	(449)	(145)
Net unrealized gains on investments	0	(360)
Other	(13)	0
Total deferred tax liabilities	(462)	(505)
Net deferred tax asset	$ 603	$ 478

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefits	$ 0		$ 0
Unrecognized tax benefit that would affect the effective tax rate	0		0
Unrecognized tax benefits, penalties and interest expense	0	$ 0	0
Unrecognized tax benefits, penalties and interest accrued	0		0
Net operating loss	117,000,000		484,000,000
Domestic net operating loss	0		121,000,000
Net operating loss carryover	25,000,000		102,000,000
Foreign tax credit carryover	16,000,000		18,000,000
Tax Year 2018
Operating Loss Carryforwards [Line Items]
Net operating loss carryover	$ 117,000,000		$ 363,000,000

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax provision at U.S. Federal statutory rate	$ 70	$ 45	$ 98	$ 86
Dividends received deduction ("DRD")	(16)	(14)	(28)	(34)
Foreign related investments	(2)	(1)	(4)	(7)
Other	(1)	0	0	(1)
Total income tax expense	$ 51	$ 30	$ 66	$ 44

Commitments and Contingencies -

Commitments and Contingencies - Lease Commitments (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 1	$ 1	$ 2	$ 2
2022	1
2023	1
2024	0
2025	0
2026	0
Thereafter	0
Total minimum lease payments	$ 2

Commitments and Contingencies_2

Commitments and Contingencies - Unfunded Commitments (Details) $ in Millions	Dec. 31, 2021USD ($)
Other Commitments [Line Items]
Other commitment	$ 705
Commitments to fund partnerships and alternative investments	420
Commitment to fund Private placement securities	45
Commitments to fund mortgage loans	240
Cancelable mortgage loan
Other Commitments [Line Items]
Other commitment	$ 155

Commitments and Contingencies_3

Commitments and Contingencies - Guaranty Fund (Details) $ in Millions	6 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Minimum percentage of premiums written to be considered for assessment under guaranty fund	0.01
Maximum percentage of premiums written to be considered for assessment under guaranty fund	0.02
Guaranty liabilities	$ 4	$ 7
Loss contingency accrual, premium tax offset	$ 1	$ 2

Commitments and Contingencies_4

Commitments and Contingencies - Derivative Commitments (Details) $ in Millions	Dec. 31, 2021USD ($)
Loss Contingencies [Line Items]
Derivative, liability position, fair value	$ 252
Collateral posted, fair value	271
GMWB product derivatives
Loss Contingencies [Line Items]
Collateral posted, fair value	$ 0

Transactions with Affiliates (D

Transactions with Affiliates (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Effects of Reinsurance [Line Items]
Separate account assets	$ 111,592	$ 109,625
Subsidiaries | Lombard International Administration Services Company, LLC
Effects of Reinsurance [Line Items]
Separate account assets	42,000
Subsidiaries | Lombard International Administration Services Company, LLC | Related Party Transaction, Servicing Fee
Effects of Reinsurance [Line Items]
Related party transaction amount	14
Subsidiaries | Lombard International Administration Services Company, LLC | Related Party Transaction, Expense Reimbursements
Effects of Reinsurance [Line Items]
Related party transaction amount	$ 1

Statutory Results - Summary of

Statutory Results - Summary of Statutory Results (Details) - USD ($) $ in Millions	Jun. 28, 2021	Sep. 18, 2020	Sep. 16, 2019	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Statutory Accounting Practices [Line Items]
Combined statutory net income (loss)				$ (426)	$ (2)	$ 245	$ 488
Statutory capital				2,153		3,142,000
Statutory accounting practices, prescribed practice amount				$ 29		$ 51
Talcott Resolution Life, Inc
Statutory Accounting Practices [Line Items]
Dividends paid with approval of regulatory agency	$ 500	$ 319	$ 700

Statutory Results - Regulatory

Statutory Results - Regulatory Capital Requirements (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Insurance [Abstract]
Statutory Accounting Practices, Risk Based Capital Requirements Compliance Assertion	The Company and all of its operating insurance subsidiaries had RBC ratios in excess of the minimum levels required by the applicable insurance regulations. The RBC ratios for the Company and its principal life insurance operating subsidiaries were all in excess of 300% of their Company Action Levels as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company).	The Company and all of its operating insurance subsidiaries had RBC ratios in excess of the minimum levels required by the applicable insurance regulations. The RBC ratios for the Company and its principal life insurance operating subsidiaries were all in excess of 300% of their Company Action Levels as of December 31, 2021 (Successor Company) and 2020 (Predecessor Company).

Statutory Results - Dividends a

Statutory Results - Dividends and Capital Contributions (Details) - USD ($) $ in Millions	Jun. 30, 2021	Jun. 28, 2021	Sep. 18, 2020	Sep. 16, 2019	Dec. 31, 2021
Statutory Accounting Practices [Line Items]
Dividends paid with approval of regulatory agency, period	2 years
Statutory amount available for dvidend payments without regulatory approval					$ 215
Talcott Life and Annuity Company (TLA)
Statutory Accounting Practices [Line Items]
Dividends paid with approval of regulatory agency			$ 400	$ 250
Statutory amount available for dvidend payments without regulatory approval					$ 395
Talcott Resolution Life, Inc
Statutory Accounting Practices [Line Items]
Dividends paid with approval of regulatory agency		$ 500	$ 319	$ 700

Changes in and Reclassificati_3

Changes in and Reclassifications From Accumulated Other Comprehensive Income - AOCI Rollforward (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 1,883	$ 3,185	$ 2,552	$ 2,005
OCI before reclassifications	(12)	(238)	663
Amounts reclassified from AOCI	2
OCI, net of tax	(10)	(274)	564	888
Ending balance	2,153	2,597	3,185	2,552
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0	1,281	717	(171)
OCI before reclassifications				925
Amounts reclassified from AOCI		(36)	(99)	(37)
OCI, net of tax	(10)	(274)	564	888
Ending balance	(10)	1,007	1,281	717
Net Unrealized Gain on Fixed Maturities
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0	1,282	717	(173)
OCI before reclassifications	(12)	(238)	665	927
Amounts reclassified from AOCI	2	(37)	(100)	(37)
OCI, net of tax	(10)	(275)	565	890
Ending balance	(10)	1,007	1,282	717
Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0	0	0
OCI before reclassifications	0	0	(1)
Amounts reclassified from AOCI	0	0	1
OCI, net of tax	0	0	0
Ending balance	0	0	0	0
Net Gain on Cash Flow Hedging Instruments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0	(1)	0	0
OCI before reclassifications	0	0	(1)	0
Amounts reclassified from AOCI	0	1	0	0
OCI, net of tax	0	1	(1)	0
Ending balance	0	0	(1)	0
Foreign Currency Translation Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0	0	0	2
OCI before reclassifications	0	0	0	(2)
Amounts reclassified from AOCI	0	0	0	0
OCI, net of tax	0	0	0	(2)
Ending balance	$ 0	$ 0	$ 0	$ 0

Changes in and Reclassificati_4

Changes in and Reclassifications From Accumulated Other Comprehensive Income - Reclassification of AOCI (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	$ 498	$ 534	$ 816	$ 924
Income before income taxes	331	216	465	403
Provision for income taxes	51	30	66	44
Net income	280	186	399	359
Net realized capital losses	(20)	(242)	(74)	(275)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amounts reclassified from AOCI	(2)	36	99	37
Net Unrealized Gain on Fixed Maturities | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(2)	47	127	47
Provision for income taxes	0	10	27	10
Net income	(2)	37	100	37
Net realized capital losses	(2)	47	127	47
Unrealized Losses on Fixed Maturities for Which an ACL Has Been Recorded | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	0	0	(1)
Provision for income taxes	0	0	0
Net income	0	0	(1)
Net realized capital losses	0	0	(1)
Net Gain on Cash Flow Hedging Instruments | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	0	0	0	0
Provision for income taxes	0	0	0	0
Net income	0	(1)	0	0
Net realized capital losses	0	(1)	0	0
Net Gain on Cash Flow Hedging Instruments | Interest rate swaps | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	0	0	0	0
Net realized capital losses	0	0	0	0
Net Gain on Cash Flow Hedging Instruments | Foreign currency swaps | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	0	0	0	0
Net realized capital losses	0	(1)	0	0
Net Gain on Cash Flow Hedging Instruments | Cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	0	(1)	0	0
Net Gain on Cash Flow Hedging Instruments | Cash flow hedges | Interest rate swaps | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income	0	0	0	0
Net realized capital losses	0	0	0	0
Net Gain on Cash Flow Hedging Instruments | Cash flow hedges | Foreign currency swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized capital losses	$ 0	$ (1)	$ 0	$ 0

Revenue from Contracts with C_3

Revenue from Contracts with Customer (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Administration and distribution services fees
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 45	$ 44	$ 80	$ 84

Schedule I - Summary of Inves_2

Schedule I - Summary of Investments - Other Than Investments in Affiliates (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	$ 27,423
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	27,216
Assets	176,364	$ 158,888
Available-for-sale, amortized cost	20,986	13,137
Fair Value	20,971	14,875
Mortgage loans
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	2,143	2,109
Fixed maturities, AFS
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	20,986
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	20,971
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	20,971
Total fixed maturities, available-for-sale
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	20,986
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	20,971
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	20,971
U.S. government and government agencies and authorities (guaranteed and sponsored)
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,643
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,669
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,887
States, municipalities and political subdivisions
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,452
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,456
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,456
Available-for-sale, amortized cost	1,452	761
Fair Value	1,456	875
Foreign governments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	365
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	362
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	362
Available-for-sale, amortized cost	365	236
Fair Value	362	266
Public utilities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,718
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,707
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,707
All other corporate bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	11,662
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	11,650
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	11,650
All other mortgage-backed and asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	4,146
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	4,127
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	3,909
Fixed maturities, at fair value using fair value option
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	0
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	0
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	0
Industrial, miscellaneous and all other
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	25
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	25
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	25
Non-redeemable preferred stocks
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	178
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	178
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	178
Total equity securities, at fair value
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	203
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	203
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	203
Mortgage loans
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	2,138
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	2,131
Mortgage loans | Level 3 | Reported Value Measurement [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Assets	2,131	2,092
Mortgage loans | Level 3 | Estimate of Fair Value Measurement [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Assets, fair value	2,138	2,248
Policy loans
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,484
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,484
Policy loans | Level 3 | Reported Value Measurement [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Assets	1,484	1,452
Policy loans | Level 3 | Estimate of Fair Value Measurement [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Assets, fair value	1,484	$ 1,452
Futures, options and miscellaneous
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	195
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	15
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	15
Real estate acquired in satisfaction of debt
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	11
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	11
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	11
Short-term investments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,254
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,254
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,254
Investments in partnerships and trusts
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,147
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	$ 1,147

Schedule IV - Schedule of Rei_2

Schedule IV - Schedule of Reinsurance (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Life insurance in-force
Gross Amount	$ 232,607	$ 236,517	$ 239,801	$ 249,728
Ceded to Other Companies	166,822	170,776	174,372	181,779
Assumed From Other Companies	158	166	173	378
Net Amount	$ 65,943	$ 65,907	$ 65,602	$ 68,327
Percentage of Amount Assumed to Net	0.00%	0.00%	0.00%	1.00%
Premiums Earned
Percentage of Amount Assumed to Net	16.00%	14.00%	16.00%	13.00%
Life insurance and annuities
Premiums Earned
Gross Amount	$ 1,170	$ 1,202	$ 2,201	$ 2,350
Ceded to Other Companies	798	804	1,550	1,602
Assumed From Other Companies	69	64	125	115
Net Amount	$ 441	$ 462	$ 776	$ 863
Percentage of Amount Assumed to Net	16.00%	14.00%	16.00%	13.00%
Accident health insurance
Premiums Earned
Gross Amount	$ 3	$ 8	$ 20	$ 25
Ceded to Other Companies	3	8	20	25
Assumed From Other Companies	0	0	0	0
Net Amount	$ 0	$ 0	$ 0	$ 0
Percentage of Amount Assumed to Net	0.00%	0.00%	0.00%	0.00%
Other reinsurers
Premiums Earned
Gross Amount	$ 1,173	$ 1,210	$ 2,221	$ 2,375
Ceded to Other Companies	801	812	1,570	1,627
Assumed From Other Companies	69	64	125	115
Net Amount	$ 441	$ 462	$ 776	$ 863

Schedule V - Valuation and Qu_2

Schedule V - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Movement in Valuation allowance and reserves
ACL, beginning balance	$ 0	$ 1	$ 0
Net credit losses on fixed maturities, AFS	0	0	1
Debt Securities, Available-for-sale, Allowance for Credit Loss, Writeoff	0	0	0
ACL, ending balance	0	1	1	$ 0
Beginning balance		17
Write-offs/Payments/Other	0	0	0
Ending balance	12		17
Reinsurance Recoverable, Credit Loss Expense (Reversal)	3	0	2
Reinsurance Recoverable, Allowance for Credit Loss, Recovery	0	0	0
ACL on reinsurance recoverables, beginning balance	34	7	5
ACL on reinsurance recoverables, ending balance			7	5
Mortgage loans
Movement in Valuation allowance and reserves
Change in ACL on mortgage loans	0	(6)	8
Mortgage loans
Movement in Valuation allowance and reserves
Beginning balance	12	17	9
Ending balance	12	11	17	9
Valuation allowance on mortgage loans
Movement in Valuation allowance and reserves
Charged to Costs and Expenses				0
Write-offs/Payments/Other				(5)
ACL on reinsurance recoverables, beginning balance		7	0	5
ACL on reinsurance recoverables, ending balance	$ 37	$ 7	$ 7	$ 0