Voya Retirement Insurance & Annuity 10-K 16 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2020	Mar. 10, 2021	Mar. 10, 2020	Dec. 31, 2019
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	033-23376
Entity Registrant Name	VOYA RETIREMENT INSURANCE & ANNUITY CO
Entity Incorporation, State or Country Code	CT
Entity Tax Identification Number	71-0294708
Entity Address, Address Line One	One Orange Way
Entity Address, City or Town	Windsor
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06095-4774
City Area Code	860
Local Phone Number	580-4646
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float	$ 0
Entity Common Stock, Shares Outstanding		55,000
Common stock, par value	$ 50		$ 50	$ 50
Entity Central Index Key	0000837010
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $24,667 as of 2020 and $23,107 as of 2019; allowance for credit losses of $14 as of 2020)	$ 28,043	$ 25,153
Fixed maturities, at fair value using the fair value option	1,730	1,479
Equity securities, at fair value (cost of $116 as of 2020 and $73 as of 2019)	116	80
Short-term investments	17	0
Policy loans	187	205
Limited partnerships/corporations	815	738
Derivatives	145	224
Other Investments	43	43
Total investments	35,943	33,414
Cash and cash equivalents	360	512
Short-term investments under securities loan agreements, including collateral delivered	249	917
Accrued investment income	304	293
Premiums receivable and reinsurance recoverable	1,219	1,304
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	173	608
Short-term loan to affiliate	653	69
Current income tax recoverable	5	9
Due from affiliates	118	67
Property and equipment	63	60
Other assets	242	255
Separate Account Asset	87,319	78,713
Total assets	126,648	116,221
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	33,127	31,142
Payable for securities purchased	26	5
Payables under securities loan agreements, including collateral held	208	865
Due to affiliates	125	95
Derivatives	216	285
Deferred income taxes	439	304
Other liabilities	291	369
Liabilities related to separate accounts	87,319	78,713
Total liabilities	121,751	111,778
Commitments and Contingencies (Note 12)
Shareholder's equity:
Common stock (100,000 shares authorized, 55,000 issued and outstanding as of 2020 and 2019 , respectively; $50 par value per share)	3	3
Additional paid-in capital	2,873	2,873
Accumulated other comprehensive income (loss)	1,882	1,292
Retained earnings	139	275
Total shareholder's equity	4,897	4,443
Total liabilities and shareholder's equity	126,648	116,221
Financing Receivable, before Allowance for Credit Loss, Current	4,694	4,664
Financing Receivable, Allowance for Credit Loss, Current	67	0
Financing Receivable, after Allowance for Credit Loss, Current	4,627	4,664
Reinsurance Recoverable, Allowance for Credit Loss	0	0
Premiums and Other Receivables, Net	$ 1,219	$ 1,304

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets Parenthetical - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Fixed maturities, amortized cost	$ 24,667	$ 23,107
Equity securities, cost	116	73
Mortgage loans on real estate valuation allowance	0	0
Securities pledged, amortized costs	$ 169	$ 749
Common stock, par value	$ 50	$ 50
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	55,000	55,000
Common stock, shares outstanding	55,000	55,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Net investment income	$ 1,858,000,000	$ 1,689,000,000	$ 1,623,000,000
Fee income	905,000,000	877,000,000	875,000,000
Premiums	32,000,000	31,000,000	41,000,000
Broker-dealer commission revenue	2,000,000	2,000,000	69,000,000
Net realized capital gains (losses):
Total impairments	(37,000,000)	(41,000,000)	(18,000,000)
Less: Portion of impairments recognized in Other comprehensive income (loss)	0	2,000,000	2,000,000
Net impairments recognized in earnings	(37,000,000)	(43,000,000)	(20,000,000)
Other net realized capital gains (losses)	(273,000,000)	(101,000,000)	(222,000,000)
Total net realized capital gains (losses)	(310,000,000)	(144,000,000)	(242,000,000)
Other revenue	(1,000,000)	14,000,000	19,000,000
Total revenues	2,486,000,000	2,469,000,000	2,385,000,000
Benefits and expenses:
Interest credited and other benefits to contract owners/policyholders	1,049,000,000	1,013,000,000	828,000,000
Operating expenses	1,090,000,000	1,056,000,000	894,000,000
Broker-dealer commission expense	2,000,000	2,000,000	69,000,000
Net amortization of Deferred policy acquisition costs and Value of business acquired	192,000,000	65,000,000	86,000,000
Interest expense	1,000,000	1,000,000	2,000,000
Total benefits and expenses	2,334,000,000	2,137,000,000	1,879,000,000
Income (loss) before income taxes	152,000,000	332,000,000	506,000,000
Income tax expense (benefit)	(14,000,000)	32,000,000	61,000,000
Net income (loss)	$ 166,000,000	$ 300,000,000	$ 445,000,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 166	$ 300	$ 445
Other comprehensive income (loss), before tax:
Unrealized gains/losses on securities	748	1,323	(897)
Impairments	0	1	8
Pension and other postretirement benefits liability	(1)	(1)	(1)
Other comprehensive income (loss), before tax	747	1,323	(890)
Income tax expense (benefit) related to items of other comprehensive income (loss)	157	276	(192)
Other comprehensive income (loss), after tax	590	1,047	(698)
Comprehensive income (loss)	$ 756	$ 1,347	$ (253)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholder's Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Deficit)
Beginning Balance at Dec. 31, 2017	$ 3,761	$ 3	$ 2,763	$ 806	$ 189
Comprehensive income (loss):
Net income (loss)	445	0	0	0	445
Other comprehensive income (loss), after tax	(698)	0	0	(698)	0
Comprehensive income (loss)	(253)
Dividends paid and distributions of capital	(126)	0	0	0	(126)
Contribution of capital	55	0	55	0	0
Employee related benefits	(2)	0	(2)	0	0
Ending Balance at Dec. 31, 2018	3,435	3	2,816	108	508
Ending Balance (Adjustment for adoption of ASU 2016-01) at Dec. 31, 2018				137	(137)
Comprehensive income (loss):
Net income (loss)	300	0	0	0	300
Other comprehensive income (loss), after tax	1,047	0	0	1,047	0
Comprehensive income (loss)	1,347
Dividends paid and distributions of capital	(396)	0	0	0	(396)
Contribution of capital	57	0	57	0	0
Ending Balance at Dec. 31, 2019	4,443	3	2,873	1,292	275
Ending Balance (Adjustment for adoption of ASU 2016-01) at Dec. 31, 2019	(8)	0	0	0	(8)
Comprehensive income (loss):
Net income (loss)	166	0	0	0	166
Other comprehensive income (loss), after tax	590	0	0	590	0
Comprehensive income (loss)	756
Dividends paid and distributions of capital	(294)	0	0	0	(294)
Ending Balance at Dec. 31, 2020	$ 4,897	$ 3	$ 2,873	$ 1,882	$ 139

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net income (loss)	$ 166,000,000	$ 300,000,000	$ 445,000,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Capitalization of deferred policy acquisition costs, value of business acquired and sales inducements	(59,000,000)	(49,000,000)	(64,000,000)
Net amortization of deferred policy acquisition costs, value of business acquired and sales inducements	194,000,000	65,000,000	87,000,000
Net accretion/amortization of discount/premium	(7,000,000)	5,000,000	(3,000,000)
Future policy benefits, claims reserves and interest credited	757,000,000	568,000,000	547,000,000
Deferred income tax (benefit) expense	(20,000,000)	23,000,000	58,000,000
Net realized capital losses	310,000,000	144,000,000	242,000,000
Depreciation and amortization	10,000,000	21,000,000	14,000,000
(Gains) losses on limited partnerships/corporations	(23,000,000)	(35,000,000)	0
Change in:
Accrued investment income	(11,000,000)	9,000,000	3,000,000
Premiums receivable and reinsurance recoverable	85,000,000	105,000,000	87,000,000
Other receivables and asset accruals	21,000,000	55,000,000	(8,000,000)
Due to/from affiliates	(21,000,000)	2,000,000	24,000,000
Other payables and accruals	(84,000,000)	158,000,000	(176,000,000)
Other, net	(12,000,000)	(8,000,000)	(33,000,000)
Net cash provided by operating activities	1,306,000,000	1,363,000,000	1,223,000,000
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	3,487,000,000	3,956,000,000	3,983,000,000
Equity securities, available-for-sale	145,000,000	3,000,000	3,000,000
Mortgage loans on real estate	403,000,000	803,000,000	598,000,000
Limited partnerships/corporations	104,000,000	70,000,000	99,000,000
Acquisition of:
Fixed maturities	(4,988,000,000)	(4,582,000,000)	(5,475,000,000)
Equity securities, available-for-sale	(178,000,000)	(12,000,000)	(3,000,000)
Mortgage loans on real estate	(433,000,000)	(555,000,000)	(606,000,000)
Limited partnerships/corporations	(158,000,000)	(190,000,000)	(254,000,000)
Derivatives, net	46,000,000	23,000,000	23,000,000
Policy loans, net	18,000,000	5,000,000	4,000,000
Short-term investments, net	(15,000,000)	50,000,000	(26,000,000)
Short-term loan to affiliate, net	(584,000,000)	(69,000,000)	80,000,000
Collateral received (delivered), net	11,000,000	(86,000,000)	(46,000,000)
Other, net	(5,000,000)	(3,000,000)	(45,000,000)
Net cash used in investing activities	(2,147,000,000)	(587,000,000)	(1,665,000,000)
Cash Flows from Financing Activities:
Deposits received for investment contracts	5,197,000,000	3,395,000,000	3,744,000,000
Maturities and withdrawals from investment contracts	(4,220,000,000)	(3,686,000,000)	(3,108,000,000)
Settlements on deposit contracts	(1,000,000)	(5,000,000)	(20,000,000)
Short-term loans from affiliates, net	7,000,000	0	(68,000,000)
Dividends paid and return of capital distribution	(294,000,000)	(396,000,000)	(126,000,000)
Proceeds from Contributions from Parent	0	57,000,000	55,000,000
Net cash (used in) provided by financing activities	689,000,000	(635,000,000)	477,000,000
Net increase (decrease) in cash and cash equivalents	(152,000,000)	141,000,000	35,000,000
Cash and cash equivalents, beginning of year	512,000,000	371,000,000	336,000,000
Cash and cash equivalents, end of year	360,000,000	512,000,000	371,000,000
Supplemental cash flow information:
Income taxes paid (received), net	$ 2,000,000	$ (13,000,000)	$ 60,000,000

Business, Basis of Presentation

Business, Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Business, Basis of Presentation and Significant Accounting Policies	Business, Basis of Presentation and Significant Accounting Policies Business Voya Retirement Insurance and Annuity Company ("VRIAC") is a stock life insurance company domiciled in the State of Connecticut. VRIAC and its wholly owned subsidiaries (collectively, the "Company") provide financial products and services in the United States. VRIAC is authorized to conduct its insurance business in all states and in the District of Columbia and in Guam, Puerto Rico and the Virgin Islands. VRIAC is a direct, wholly owned subsidiary of Voya Holdings Inc. ("Parent"), which is a direct, wholly owned subsidiary of Voya Financial, Inc. Prior to May 2013, Voya Financial, Inc. ("Voya Financial"), together with its subsidiaries, including the Company was an indirect, wholly owned subsidiary of ING Groep N.V. ("ING Group" or "ING"), a global financial services holding company based in The Netherlands. In May 2013, Voya Financial, Inc. completed its initial public offering o f common stock, including the issuance and sale of common stock by Voya Financial, Inc. and the sale of shares of common stock owned indirectly by ING Group. Between October 2013 and March 2015, ING Group completed the sale of its remaining shares of common stock of Voya Financial, Inc. in a series of registered public offerings. On January 4, 2021, VRIAC's ultimate parent, Voya Financial Inc. ("Voya Financial"), completed a series of transactions pursuant to a Master Transaction Agreement (the “Resolution MTA”) entered into on December 18, 2019 with Resolution Life U.S. Holdings Inc., a Delaware corporation (“Resolution Life US”), pursuant to which Resolution Life US acquired all of the shares of the capital stock of Security Life of Denver Company ("SLD") and Security Life of Denver International Limited ("SLDI"), including the capital stock of several subsidiaries of SLD and SLDI. Concurrently with the sale, SLD entered into reinsurance agreements with ReliaStar Life Insurance Company ("RLI"), ReliaStar Life Insurance Company of New York (“RLNY”), and VRIAC, each of which is a direct or indirect wholly owned subsidiary of Voya Financial. Pursuant to these agreements, RLI and VRIAC reinsured to SLD a 100% quota share, and RLNY will reinsure to SLD a 75% quota share, of their respective in-scope individual life insurance and annuities businesses. RLI, RLNY, and VRIAC will remain subsidiaries of Voya Financial. The reinsurance agreements along with the sale of the legal entities noted above (referred to as the "Individual Life Transaction") resulted in the disposition of substantially all of Voya Financial's life insurance and legacy non-retirement annuity businesses and related assets. Pursuant to the Individual Life Transaction, VRIAC's reserves related to legacy non-retirement annuity business as well as pension risk transfer products were ceded to SLD and related assets transferred. Effective December 31, 2019, VRIAC’s sole shareholder, Voya Holdings, Inc., transferred ownership of Voya Institutional Plan Services, LLC (“VIPS”) and Voya Retirement Advisors, LLC (“VRA”) to VRIAC for no cash consideration. VIPS and VRA provide retirement recordkeeping and investment advisory services, respectively, and the transfer was made to more closely align recordkeeping and related activities of VRIAC’s retirement business. It also had the effect of reducing VRIAC's tax liability. In addition to these non-insurance subsidiaries, VRIAC owns the wholly-owned owned non-insurance subsidiary, Voya Financial Partners, LLC ("VFP"). On June 1, 2018, VRIAC's ultimate parent, Voya Financial, consummated a series of transactions (collectively, the "2018 Transaction'') pursuant to a Master Transaction Agreement dated December 20, 2017 (the "2018 MTA") with VA Capital Company LLC ("VA Capital") and Athene Holding Ltd. ("Athene"). As part of the 2018 Transaction, VA Capital's wholly owned subsidiary Venerable Holdings Inc. ("Venerable") acquired certain of Voya Financial's assets, including all of the shares of capital stock of Voya Insurance and Annuity Company ("VIAC"), the Company's Iowa-domiciled insurance affiliate, as well as the membership interests of DSL, the Company's former broker-dealer subsidiary. Following the closing of the 2018 Transaction, VRIAC acquired a 9.99% equity interest in VA Capital. The Company offers qualified and nonqualified annuity contracts that include a variety of funding and payout options for individuals and employer-sponsored retirement plans qualified under Internal Revenue Code Sections 401, 403, 408, 457 and 501, as well as nonqualified deferred compensation plans and related services. The Company's products are offered primarily to public and private school systems, higher education institutions, hospitals and healthcare facilities, not-for-profit organizations, state and local governments, small to mid-sized corporations and individuals. The Company also provides stable value investment options, including separate account guaranteed investment contracts (e.g., GICs) and synthetic GICs, to institutional clients. Pension risk transfer group annuity solutions were previously offered to institutional plan sponsors who needed to transfer their defined benefit plan obligations to the Company. The Company discontinued sales of these solutions in late 2016 to better align business activities to the Company's priorities. This business will be transferred as part of the Individual Life Transaction described above. The Company's products are generally distributed through independent brokers and advisors, third-party administrators, consultants, and representatives associated with Voya Financial's broker-dealer and investment advisor, Voya Financial Advisors, Inc. ("VFA"). On February 8, 2021, VFA entered into an agreement with Cetera Financial Group, Inc. (“Cetera”), one of the nation’s largest networks of independently managed broker-dealers, pursuant to which Cetera will acquire the independent financial planning channel of VFA (the “Financial Planning Channel Sale”). In connection with this transaction, VFA expects to transfer approximately 900 independent financial professionals serving retail customers with approximately $40 billion in assets to Cetera, while retaining approximately 600 field and phone-based financial professionals who support our business. The transaction is expected to close in the second or third quarter of 2021. The closing is subject to certain conditions, including the receipt of required regulatory approvals. Products offered by the Company include deferred and immediate (i.e., payout) annuity contracts. The Company's products also include programs offered to qualified plans and nonqualified deferred compensation plans that package administrative and record-keeping services, participant education, and retirement readiness planning tools along with a variety of investment options, including proprietary and non-proprietary mutual funds and variable and fixed investment options. In addition, the Company offers wrapper agreements entered into with retirement plans, which contain certain benefit responsive guarantees (i.e., guarantees of principal and previously accrued interest for benefits paid under the terms of the plan) with respect to portfolios of plan-owned assets not invested with the Company. Stable value products are also provided to institutional plan sponsors where the Company may or may not be providing other employer sponsored products and services. The Company has one operating segment. Basis of Presentation The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). The Consolidated Financial Statements include the accounts of VRIAC and its wholly owned subsidiaries, VFP, VIPS, VRA and DSL (prior to June 1, 2018). Intercompany transactions and balances have been eliminated. Significant Accounting Policies Estimates and Assumptions 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 disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Those estimates are inherently subject to change and actual results could differ from those estimates. The Company has identified the following accounts and policies as the most significant in that they involve a higher degree of judgment, are subject to a significant degree of variability and/or contain significant accounting estimates: • Reserves for future policy benefits; • Deferred policy acquisition costs ("DAC") and value of business acquired ("VOBA"); • Valuation of investments and derivatives; • Impairments; • Income taxes; and • Contingencies. Fair Value Measurement The Company measures the fair value of its financial assets and liabilities based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset, or nonperformance risk, including the Company's own credit risk. The estimate of fair value is the price that would be received to sell an asset or transfer a liability ("exit price") in an orderly transaction between market participants in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability. The Company uses a number of valuation sources to determine the fair values of its financial assets and liabilities, including quoted market prices, third-party commercial pricing services, third-party brokers, industry-standard, vendor-provided software that models the value based on market observable inputs, and other internal modeling techniques based on projected cash flows. Investments The accounting policies for the Company's principal investments are as follows: Fixed Maturities and Equity Securities : The Company measures its equity securities at fair value and recognizes any changes in fair value in net income. The Company's fixed maturities are currently designated as available-for-sale, except those accounted for using the fair value option ("FVO"). Available-for-sale securities are reported at fair value and unrealized capital gains (losses) on these securities are recorded directly in AOCI and presented net of related changes in DAC, VOBA and Deferred income taxes. In addition, certain fixed maturities have embedded derivatives, which are reported with the host contract on the Consolidated Balance Sheets. In connection with funds withheld reinsurance treaties, the Company has elected the FVO for certain of its fixed maturities to better match the measurement of those assets and related embedded derivative liabilities in the Consolidated Statements of Operations. Certain collateralized mortgage obligations ("CMOs"), primarily interest-only and principal-only strips, are accounted for as hybrid instruments and valued at fair value with changes in the fair value recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Changes in fair value associated with derivatives purchased to hedge CMOs are also recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Purchases and sales of fixed maturities and equity securities, excluding private placements, are recorded on the trade date. Purchases and sales of private placements and mortgage loans are recorded on the closing date. Investment gains and losses on sales of securities are generally determined on a first-in-first-out ("FIFO") basis. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Dividends on equity securities are recorded when declared. Such dividends and interest income are recorded in Net investment income in the Consolidated Statements of Operations. Included within fixed maturities are loan-backed securities, including residential mortgage-backed securities ("RMBS"), commercial mortgage-backed securities ("CMBS") and asset-backed securities ("ABS"). Amortization of the premium or discount from the purchase of these securities considers the estimated timing and amount of prepayments of the underlying loans. Actual prepayment experience is periodically reviewed and effective yields are recalculated when differences arise between the prepayments originally anticipated and the actual prepayments received and currently anticipated. Prepayment assumptions for single-class and multi-class mortgage-backed securities ("MBS") and ABS are estimated by management using inputs obtained from third-party specialists, including broker-dealers, and based on management's knowledge of the current market. For prepayment-sensitive securities such as interest-only and principal-only strips, inverse floaters and credit-sensitive MBS and ABS securities, which represent beneficial interests in securitized financial assets that are not of high credit quality or that have been credit impaired, the effective yield is recalculated on a prospective basis. For all other MBS and ABS, the effective yield is recalculated on a retrospective basis. Short-term Investments : Short-term investments include investments with remaining maturities of one year or less, but greater than three months, at the time of purchase. These investments are stated at fair value. Mortgage Loans on Real Estate : The Company's mortgage loans on real estate are all commercial mortgage loans, which are reported at amortized cost, net of allowance for credit losses. Amortized cost is the principal balance outstanding, net of deferred loan fees and costs. Accrued interest receivable is reported in Accrued investment income on the Consolidated Balance Sheets. Mortgage loans are evaluated by the Company's investment professionals, including an appraisal of loan-specific credit quality, property characteristics and market trends. Loan performance is continuously monitored on a loan-specific basis throughout the year. The Company's review includes submitted appraisals, operating statements, rent revenues and annual inspection reports, among other items. This review evaluates whether the properties are performing at a consistent and acceptable level to secure the debt. Management estimates the credit loss allowance balance using a factor-based method of probability of default and loss given default which incorporates relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Included in the factor-based method are the consideration of debt type, capital market factors, and market vacancy rates, and loan-specific risk characteristics such as debt service coverage ratios (“DSC”), loan-to-value (“LTV”), collateral size, seniority of the loan, segmentation, and property types. The allowance for credit losses is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. The change in the allowance for credit losses is recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Loans are written off against the allowance when management believes the uncollectability of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously written-off and expected to be written-off. Mortgages are rated for the purpose of quantifying the level of risk. Those loans with higher risk are placed on a watch list and are closely monitored for collateral deficiency or other credit events that may lead to a potential loss of principal or interest. The Company defines delinquent mortgage loans consistent with industry practice as 60 days past due. Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended. Factors considered may include conversations with the borrower, loss of major tenant, bankruptcy of borrower or major tenant, decreased property cash flow, number of days past due, or various other circumstances. Based on an assessment as to the collectability of the principal, a determination is made either to apply against the book value or apply according to the contractual terms of the loan. Funds recovered in excess of book value would then be applied to recover expenses, impairments, and then interest. Accrual of interest resumes after factors resulting in doubts about collectability have improved. For those mortgages that are determined to require foreclosure, expected credit losses are based on the fair value of the underlying collateral, net of estimated costs to obtain and sell at the point of foreclosure. Property obtained from foreclosed mortgage loans is recorded in Other investments on the Consolidated Balance Sheets. Policy Loans : Policy loans are carried at an amount equal to the unpaid balance. Interest income on such loans is recorded as earned in Net investment income using the contractually agreed upon interest rate. Generally, interest is capitalized on the policy's anniversary date. Valuation allowances are not established for policy loans, as these loans are collateralized by the cash surrender value of the associated insurance contracts. Any unpaid principal or interest on the loan is deducted from the account value or the death benefit prior to settlement of the policy. Limited Partnerships/Corporations : The Company uses the equity method of accounting for investments in limited partnership interests, which consist primarily of private equity and hedge funds. Generally, the Company records its share of earnings using a lag methodology, relying on the most recent financial information available, generally not to exceed three months. The Company's earnings from limited partnership interests accounted for under the equity method are recorded in Net investment income. Securities Pledged : The Company engages in securities lending whereby certain securities from its portfolio are loaned to other institutions, through a lending agent, for short periods of time. The Company has the right to approve any institution with whom the lending agent transacts on its behalf. Initial collateral, primarily cash, is required at a rate of 102% of the market value of the loaned securities. The lending agent retains the collateral and invests it in short-term liquid assets on behalf of the Company. The market value of the loaned securities is monitored on a daily basis with additional collateral obtained or refunded as the market value of the loaned securities fluctuates. The lending agent indemnifies the Company against losses resulting from the failure of a counterparty to return securities pledged where collateral is insufficient to cover the loss. Impairments The Company evaluates its available-for-sale general account investments quarterly to determine whether a decline in fair value below the amortized cost basis has resulted from credit loss or other factors. This evaluation process entails considerable judgment and estimation. Factors considered in this analysis include, but are not limited to, the extent to which the fair value has been less than amortized cost, the issuer's financial condition and near-term prospects, future economic conditions and market forecasts, interest rate changes and changes in ratings of the security. A severe unrealized loss position on a fixed maturity may not have any impact on: (a) the ability of the issuer to service all scheduled interest and principal payments and (b) the evaluation of recoverability of all contractual cash flows or the ability to recover an amount at least equal to its amortized cost based on the present value of the expected future cash flows to be collected. When assessing the Company's intent to sell a security, or if it is more likely than not it will be required to sell a security before recovery of its amortized cost basis, management evaluates facts and circumstances such as, but not limited to, decisions to rebalance the investment portfolio and sales of investments to meet cash flow or capital needs. When the Company has determined it has the intent to sell, or if it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis, and the fair value has declined below amortized cost ("intent impairment"), management evaluates facts and circumstances such as, but not limited to, the individual security is written down from amortized cost to fair value, and a corresponding charge is recorded in Net realized capital gains (losses) in the Consolidated Statements of Operations as Impairments. For available-for-sale securities that do not meet the intent impairment criteria but the Company has determined that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss allowance is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in Other comprehensive income (loss). The Company uses the following methodology and significant inputs in determining whether a credit loss exists: • When determining collectability and the period over which the value is expected to recover for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company applies the same considerations utilized in its overall impairment evaluation process, which incorporates information regarding the specific security, the industry and geographic area in which the issuer operates and overall macroeconomic conditions. Projected future cash flows are estimated using assumptions derived from the Company's best estimates of likely scenario-based outcomes, after giving consideration to a variety of variables that includes, but is not limited to: general payment terms of the security; the likelihood that the issuer can service the scheduled interest and principal payments; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; possible corporate restructurings or asset sales by the issuer; and changes to the rating of the security or the issuer by rating agencies. • Additional considerations are made when assessing the unique features that apply to certain structured securities, such as subprime, Alt-A, non-agency RMBS, CMBS and ABS. These additional factors for structured securities include, but are not limited to: the quality of underlying collateral; expected prepayment speeds; loan-to-value ratios; debt service coverage ratios; current and forecasted loss severity; consideration of the payment terms of the underlying assets backing a particular security; and the payment priority within the tranche structure of the security. • When determining the amount of the credit loss for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company considers the estimated fair value as the recovery value when available information does not indicate that another value is more appropriate. When information is identified that indicates a recovery value other than estimated fair value, the Company considers in the determination of recovery value the same considerations utilized in its overall impairment evaluation process, which incorporates available information and the Company's best estimate of scenario-based outcomes regarding the specific security and issuer; possible corporate restructurings or asset sales by the issuer; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; fundamentals of the industry and geographic area in which the security issuer operates; and the overall macroeconomic conditions. • The Company performs a discounted cash flow analysis comparing the current amortized cost of a security to the present value of future cash flows expected to be received, including estimated defaults and prepayments. The discount rate is generally the effective interest rate of the fixed maturity prior to impairment. Changes in the allowance for credit losses are recorded in Net realized capital gains (losses) as Impairments in the Consolidated Statements of Operations. Losses are charged against the allowance when the Company believes the uncollectability of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale securities is excluded from the estimate of credit losses. Derivatives The Company's use of derivatives is limited mainly to economic hedging to reduce the Company's exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, exchange rate risk and market risk. It is the Company's policy not to offset amounts recognized for derivative instruments and amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement, which provides the Company with the legal right of offset. However, in accordance with the Chicago Mercantile Exchange ("CME") rules related to the variation margin payments, the Company is required to adjust the derivative balances with the variation margin payments related to its cleared derivatives executed through CME. The Company enters into interest rate, equity market, credit default and currency contracts, including swaps, futures, forwards, caps, floors and options, to reduce and manage various risks associated with changes in value, yield, price, cash flow or exchange rates of assets or liabilities held or intended to be held, or to assume or reduce credit exposure associated with a referenced asset, index or pool. The Company also utilizes options and futures on equity indices to reduce and manage risks associated with its annuity products. Derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. Changes in the fair value of derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge as either (a) a hedge of the exposure to changes in the estimated fair value of a recognized asset or liability or an identified portion thereof that is attributable to a particular risk ("fair value hedge") or (b) a hedge of a forecasted transaction or of the variability of cash flows that is attributable to interest rate risk to be received or paid related to a recognized asset or liability ("cash flow hedge"). In this documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument's effectiveness and the method that will be used to measure ineffectiveness. A derivative designated as a hedging instrument must be assessed as being highly effective in offsetting the designated risk of the hedged item. Hedge effectiveness is formally assessed at inception and periodically throughout the life of the designated hedging relationship. • Fair Value Hedge : For derivative instruments that are designated and qualify as a fair value hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is recorded in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. • Cash Flow Hedge : For derivative instruments that are designated and qualify as a cash flow hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is reported as a component of AOCI. Those amounts are subsequently reclassified to earnings when the hedged item affects earnings, and are reported in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. Even if a derivative qualifies for hedge accounting treatment, there may be an element of ineffectiveness of the hedge. The ineffective portion of a hedging relationship subject to hedge accounting is recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations. When hedge accounting is discontinued because it is determined that the derivative is no longer expected to be highly effective in offsetting changes in the estimated fair value or cash flows of a hedged item, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with subsequent changes in estimated fair value recognized currently in Other net realized capital gains (losses). The carrying value of the hedged asset or liability under a fair value hedge is no longer adjusted for changes in its estimated fair value due to the hedged risk, and the cumulative adjustment to its carrying value is amortized into income over the remaining life of the hedged item. Provided the hedged forecasted transaction is still probable of occurrence, the changes in estimated fair value of derivatives recorded in Other comprehensive income (loss) related to discontinued cash flow hedges are released into the Consolidated Statements of Operations when the Company's earnings are affected by the variability in cash flows of the hedged item. When hedge accounting is discontinued because it is no longer probable that the forecasted transactions will occur on the anticipated date, or within two months of that date, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with changes in estimated fair value recognized currently in Other net realized capital gains (losses). Derivative gains and losses recorded in Other comprehensive income (loss) pursuant to the discontinued cash flow hedge of a forecasted transaction that is no longer probable are recognized immediately in Other net realized capital gains (losses). The Company also has investments in certain fixed maturities and has issued certain annuity products that contain embedded derivatives for which fair value is at least partially determined by levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity markets or credit ratings/spreads. Embedded derivatives within fixed maturities are included with the host contract on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Embedded derivatives within certain annuity products are included in Future policy benefits and contract owner account balances on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. In addition, the Company has entered into coinsurance with funds withheld reinsurance arrangements, accounted for under the deposit method, that contain embedded derivatives, the fair value of which is based on the change in the fair value of the underlying assets held in trust. The embedded derivatives within the reinsurance agreements are reported in Other liabilities on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Interest credited and other benefits to contract owners/policyholders in the Consolidated Statements of Operations. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and other highly liquid investments, such as money market instruments and deb

Investments

Investments	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investments	50% - 60% >60% - 70% >70% - 80% >80% and above Total 2020 $ 164 $ 206 $ 39 $ — $ — $ 409 2019 209 165 107 — — 481 2018 124 91 73 — — 288 2017 499 356 6 — — 861 2016 399 275 1 — — 675 2015 407 68 — — — 475 2014 and prior 1,167 323 15 — — 1,505 Total $ 2,969 $ 1,484 $ 241 $ — $ — $ 4,694 As of December 31, 2019 Loan-to-Value Ratios Year of Origination 0% - 50% >50% - 60% >60% - 70% >70% - 80% >80% and above Total 2019 85 96 145 170 26 522 2018 4 88 110 133 14 349 2017 101 244 566 13 10 934 2016 46 150 470 31 — 697 2015 10 343 168 8 — 529 2014 and prior 134 252 1,093 154 — 1,633 Total $ 380 $ 1,173 $ 2,552 $ 509 $ 50 $ 4,664 The following tables present commercial mortgage loans by year of origination and DSC ratio as of the dates indicated. As of December 31, 2020 Debt Service Coverage Ratios Year of Origination >1.5x >1.25x - 1.5x >1.0x - 1.25x <1.0x Commercial mortgage loans secured by land or construction loans Total 2020 $ 298 $ 93 $ 18 $ — $ — $ 409 2019 319 77 36 49 — 481 2018 102 79 60 47 — 288 2017 494 204 103 60 — 861 2016 591 53 31 — — 675 2015 445 23 — 7 — 475 2014 and prior 1,231 155 72 47 — 1,505 Total $ 3,480 $ 684 $ 320 $ 210 $ — $ 4,694 As of December 31, 2019 Debt Service Coverage Ratios Year of Origination >1.5x >1.25x - 1.5x >1.0x - 1.25x <1.0x Commercial mortgage loans secured by land or construction loans Total 2019 353 127 42 — — 522 2018 236 3 60 50 — 349 2017 481 238 133 82 — 934 2016 615 59 23 — — 697 2015 492 32 — 5 — 529 2014 and prior 1,358 128 88 59 — 1,633 Total $ 3,535 $ 587 $ 346 $ 196 $ — $ 4,664 The following tables present the commercial mortgage loans by year of origination and U.S. region as of the dates indicated. As of December 31, 2020 U.S. Region Year of Origination Pacific South Atlantic Middle Atlantic West South Central Mountain East North Central New England West North Central East South Central Total 2020 $ 84 $ 159 $ 35 $ 37 $ 32 $ 29 $ 1 $ 12 $ 20 $ 409 2019 63 122 11 137 54 39 17 11 27 481 2018 49 98 57 34 26 11 13 — 288 2017 99 98 352 136 74 60 5 37 — 861 2016 156 127 180 32 72 72 9 21 6 675 2015 109 133 100 30 42 48 9 4 — 475 2014 and prior 417 290 226 111 156 132 40 104 29 1,505 Total $ 977 $ 1,027 $ 961 $ 517 $ 456 $ 391 $ 81 $ 202 $ 82 $ 4,694 As of December 31, 2019 U.S. Region Year of Origination Pacific South Atlantic Middle Atlantic West South Central Mountain East North Central New England West North Central East South Central Total 2019 63 127 26 155 53 43 18 11 26 522 2018 50 132 60 43 26 11 — 12 15 349 2017 103 99 396 151 77 60 5 43 — 934 2016 158 132 187 32 75 77 9 21 6 697 2015 125 160 103 34 43 50 10 4 — 529 2014 and prior 445 316 247 122 168 142 42 121 30 1,633 Total $ 944 $ 966 $ 1,019 $ 537 $ 442 $ 383 $ 84 $ 212 $ 77 $ 4,664 The following tables present the commercial mortgage loans by year of origination and property type as of the dates indicated. As of December 31, 2020 Property Type Year of Origination Retail Industrial Apartments Office Hotel/Motel Other Mixed Use Total 2020 $ 51 $ 73 $ 141 $ 144 $ — $ — $ — $ 409 2019 32 73 283 71 22 — — 481 2018 49 78 124 17 3 17 — 288 2017 102 415 204 136 4 — — 861 2016 129 244 138 144 9 7 4 675 2015 121 180 65 51 17 41 — 475 2014 and prior 671 125 273 210 62 125 39 1,505 Total $ 1,155 $ 1,188 $ 1,228 $ 773 $ 117 $ 190 $ 43 $ 4,694 As of December 31, 2019 Property Type Year of Origination Retail Industrial Apartments Office Hotel/Motel Other Mixed Use Total 2019 33 90 299 81 19 — — 522 2018 52 91 152 32 4 18 — 349 2017 104 461 218 147 4 — — 934 2016 131 254 147 146 8 7 4 697 2015 148 185 69 62 23 42 — 529 2014 and prior 730 135 300 229 69 130 40 1,633 Total $ 1,198 $ 1,216 $ 1,185 $ 697 $ 127 $ 197 $ 44 $ 4,664 The following table summarizes the activity in the allowance for losses for commercial mortgage loans for the periods indicated: 2020 Allowance for credit losses, balance at January 1 $ 12 (1) Credit losses on mortgage loans for which credit losses were not previously recorded 5 Increase (decrease) on mortgage loans with allowance recorded in previous period 52 Provision for expected credit losses 69 Write-offs (2) Recoveries of amounts previously written-off — Allowance for credit losses, balance at December 31 $ 67 (1) On January 1, 2020, as a result of implementing ASU 2016-13 Measurement of Credit Losses of Financial Instruments, the Company recorded a transition adjustment on a continuing basis for Allowance for credit losses on mortgage loans on real estate of $12. While still heavily impacted by COVID-19, the Commercial Mortgage Loan portfolio allowance increased by $28 during the fourth quarter as certain sectors of the economy resumed operations, albeit at lower than pre-pandemic levels. We continue to observe distress in the hotel sector. To provide temporary financial assistance to our commercial mortgage loans borrowers adversely affected by COVID-19 related stress, the Company has provided payment forbearance to approximately 7% of the outstanding principal amount of our commercial mortgage loans. Deferred payment amounts are expected to be repaid across the 12 months following the end of the agreed upon forbearance period. No modifications to any commercial mortgage loans have been made as of the issuance date of this filing. The following table presents past due commercial mortgage loans as of the dates indicated: December 31, 2020 December 31, 2019 Delinquency: Current $ 4,691 $ 4,664 30-59 days past due — — 60-89 days past due — — Greater than 90 days past due 3 — Total $ 4,694 $ 4,664 Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended. As of December 31, 2020, the Company had one commercial mortgage loans in non-accrual status. As of December 31, 2019, the Company had no commercial mortgage loans in non-accrual status. There was no interest income recognized on loans in non-accrual status for the years ended December 31, 2020 and December 31, 2019. As of December 31, 2020 and December 31, 2019, the Company had no commercial mortgage loans that were over 90 days or more past due but are not on non-accrual status. The Company had no commercial mortgage loans on non-accrual status for which there is no related allowance for credit losses as of December 31, 2020. Net Investment Income The following table summarizes Net investment income for the periods indicated: Year Ended December 31, 2020 2019 2018 Fixed maturities $ 1,603 $ 1,432 $ 1,363 Equity securities 9 6 5 Mortgage loans on real estate 200 224 220 Policy loans 12 7 9 Short-term investments and cash equivalents 2 3 3 Other 107 91 95 Gross investment income 1,933 1,763 1,695 Less: investment expenses 75 74 72 Net investment income $ 1,858 $ 1,689 $ 1,623 As of December 31, 2020 and 2019, the Company had $1 and $0, respectively, of investments in fixed maturities that did not produce net investment income. Fixed maturities are moved to a non-accrual status when the investment defaults. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Such interest income is recorded in Net investment income in the Consolidated Statements of Operations. Net Realized Capital Gains (Losses) Net realized capital gains (losses) comprise the difference between the amortized cost of investments and proceeds from sale and redemption, as well as losses incurred due to the credit-related and intent-related impairment of investments. Realized investment gains and losses are also primarily generated from changes in fair value of embedded derivatives within products and fixed maturities, changes in fair value of fixed maturities recorded at FVO and changes in fair value including accruals on derivative instruments, except for effective cash flow hedges. Net realized capital gains (losses) also include changes in fair value of equity securities. The cost of the investments on disposal is generally determined based on first-in-first-out ("FIFO") methodology. Net realized capital gains (losses) were as follows for the periods indicated: Year Ended December 31, 2020 2019 2018 Fixed maturities, available-for-sale, including securities pledged $ (23) $ 11 $ (69) Fixed maturities, at fair value option (257) (47) (227) Equity securities 3 (16) (4) Derivatives 49 (82) (36) Embedded derivatives - fixed maturities — 2 (4) Guaranteed benefit derivatives (27) (11) 94 Mortgage Loans (56) — — Other investments 1 (1) 4 Net realized capital gains (losses) $ (310) $ (144) $ (242) Proceeds from the sale of fixed maturities, available-for-sale, and equity securities and the related gross realized gains and losses, before tax were as follows for the periods indicated: Year Ended December 31, 2020 2019 2018 Proceeds on sales $ 1,512 $ 2,418 $ 2,498 Gross gains 85 30 14 Gross losses 59 25 50 " id="sjs-B4" xml:space="preserve">Investments Fixed Maturities Available-for-sale and FVO fixed maturities were as follows as of December 31, 2020: Amortized Gross Gross Embedded Derivatives (2) Fair Allowance for credit losses Fixed maturities: U.S. Treasuries $ 535 $ 186 $ — $ — $ 721 $ — U.S. Government agencies and authorities 18 1 — — 19 — State, municipalities and political subdivisions 698 116 — — 814 — U.S. corporate public securities 7,632 1,531 7 — 9,156 — U.S. corporate private securities 3,870 536 27 — 4,379 — Foreign corporate public securities and foreign governments (1) 2,539 413 1 — 2,951 — Foreign corporate private securities (1) 2,991 348 25 — 3,303 11 Residential mortgage-backed securities 4,071 171 15 11 4,237 1 Commercial mortgage-backed securities 2,712 207 26 — 2,893 — Other asset-backed securities 1,500 28 6 — 1,520 2 Total fixed maturities, including securities pledged 26,566 3,537 107 11 29,993 14 Less: Securities pledged 169 52 1 — 220 — Total fixed maturities $ 26,397 $ 3,485 $ 106 $ 11 $ 29,773 $ 14 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Available-for-sale and FVO fixed maturities were as follows as of December 31, 2019: Amortized Gross Gross Embedded Derivatives (2) Fair OTTI (3)(4) Fixed maturities: U.S. Treasuries $ 565 $ 129 $ 3 $ — $ 691 $ — U.S. Government agencies and authorities 19 — — — 19 — State, municipalities and political subdivisions 747 68 — — 815 — U.S. corporate public securities 7,103 941 13 — 8,031 — U.S. corporate private securities 3,776 306 16 — 4,066 — Foreign corporate public securities and foreign governments (1) 2,417 265 3 — 2,679 — Foreign corporate private securities (1) 3,171 205 1 — 3,375 — Residential mortgage-backed securities 3,685 125 11 11 3,810 2 Commercial mortgage-backed securities 2,381 122 3 — 2,500 — Other asset-backed securities 1,472 15 13 — 1,474 1 Total fixed maturities, including securities pledged 25,336 2,176 63 11 27,460 3 Less: Securities pledged 749 85 6 — 828 — Total fixed maturities $ 24,587 $ 2,091 $ 57 $ 11 $ 26,632 $ 3 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) Represents OTTI reported as a component of Other comprehensive income (loss). (4) Amount excludes $194 of net unrealized gains on impaired available-for-sale securities. The amortized cost and fair value of fixed maturities, including securities pledged, as of December 31, 2020, are shown below by contractual maturity. Actual maturities may differ from contractual maturities as securities may be restructured, called or prepaid. Mortgage-backed securities ("MBS") and Other asset-backed securities ("ABS") are shown separately because they are not due at a single maturity date. Amortized Fair Due to mature: One year or less $ 788 $ 797 After one year through five years 3,421 3,686 After five years through ten years 5,244 5,980 After ten years 8,830 10,880 Mortgage-backed securities 6,783 7,130 Other asset-backed securities 1,500 1,520 Fixed maturities, including securities pledged $ 26,566 $ 29,993 The investment portfolio is monitored to maintain a diversified portfolio on an ongoing basis. Credit risk is mitigated by monitoring concentrations by issuer, sector and geographic stratification and limiting exposure to any one issuer. As of December 31, 2020 and 2019, the Company did not have any investments in a single issuer, other than obligations of the U.S. Government and government agencies, with a carrying value in excess of 10% of the Company's Consolidated Shareholder's equity. The following tables present the composition of the U.S. and foreign corporate securities within the fixed maturity portfolio by industry category as of the dates indicated: Amortized Gross Unrealized Capital Gains Gross Unrealized Capital Losses Fair Value December 31, 2020 Communications $ 950 $ 231 $ 1 $ 1,180 Financial 2,921 472 2 3,391 Industrial and other companies 7,284 1,155 13 8,426 Energy 1,571 259 22 1,808 Utilities 3,025 530 1 3,554 Transportation 929 128 20 1,037 Total $ 16,680 $ 2,775 $ 59 $ 19,396 December 31, 2019 Communications $ 1,002 $ 156 $ — $ 1,158 Financial 2,650 302 — 2,952 Industrial and other companies 7,053 667 11 7,709 Energy 1,675 185 18 1,842 Utilities 2,913 294 1 3,206 Transportation 856 78 2 932 Total $ 16,149 $ 1,682 $ 32 $ 17,799 The Company has elected the FVO for certain of its fixed maturities to better match the measurement of assets and liabilities in the Condensed Consolidated Statements of Operations. Certain collateralized mortgage obligations ("CMOs"), primarily interest-only and principal-only strips, are accounted for as hybrid instruments and reported at fair value with changes in the fair value recorded in Other net realized capital gains (losses) in the Condensed Consolidated Statements of Operations. The Company invests in various categories of CMOs, including CMOs that are not agency-backed, that are subject to different degrees of risk from changes in interest rates and defaults. The principal risks inherent in holding CMOs are prepayment and extension risks related to significant decreases and increases in interest rates resulting in the prepayment of principal from the underlying mortgages, either earlier or later than originally anticipated. As of December 31, 2020 and 2019, approximately 48.2% and 48.4%, respectively, of the Company's CMO holdings, were invested in the above mentioned types of CMOs such as interest-only or principal-only strips, that are subject to more prepayment and extension risk than traditional CMOs. Public corporate fixed maturity securities are distinguished from private corporate fixed maturity securities based upon the manner in which they are transacted. Public corporate fixed maturity securities are issued initially through market intermediaries on a registered basis or pursuant to Rule 144A under the Securities Act of 1933 (the "Securities Act") and are traded on the secondary market through brokers acting as principal. Private corporate fixed maturity securities are originally issued by borrowers directly to investors pursuant to Section 4(a)(2) of the Securities Act, and are traded in the secondary market directly with counterparties, either without the participation of a broker or in agency transactions. Repurchase Agreement As of December 31, 2020 and 2019, the Company did not have any securities pledged in dollar rolls, repurchase agreement transactions or reverse repurchase agreements. Securities Pledged The Company engages in securities lending whereby the initial collateral is required at a rate of 102% of the market value of the loaned securities. The lending agent retains the collateral and invests it in high quality liquid assets on behalf of the Company. The market value of the loaned securities is monitored on a daily basis with additional collateral obtained or refunded as the market value of the loaned securities fluctuates. The lending agent indemnifies the Company against losses resulting from the failure of a counterparty to return securities pledged where collateral is insufficient to cover the loss. As of December 31, 2020 and 2019, the fair value of loaned securities was $143 and $715, respectively, and is included in Securities pledged on the Consolidated Balance Sheets. If cash is received as collateral, the lending agent retains the cash collateral and invests it in short-term liquid assets on behalf of the Company. As of December 31, 2020 and 2019, cash collateral retained by the lending agent and invested in short-term liquid assets on the Company's behalf was $74 and $650, respectively, and is recorded in Short-term investments under securities loan agreements, including collateral delivered on the Consolidated Balance Sheets. As of December 31, 2020 and 2019, liabilities to return collateral of $74 and $650, respectively, are included in Payables under securities loan agreements, including collateral held, on the Consolidated Balance Sheets. The Company accepts non-cash collateral in the form of securities. The securities retained as collateral by the lending agent may not be sold or re-pledged, except in the event of default, and are not reflected on the Company’s Consolidated Balance Sheets. This collateral generally consists of U.S. Treasury, U.S. Government agency securities and MBS pools. As of December 31, 2020 and 2019, the fair value of securities retained as collateral by the lending agent on the Company’s behalf was $70 and $91, respectively. The following table presents borrowings under securities pledged transactions by asset class pledged for the dates indicated: December 31, 2020 (1)(2) December 31, 2019 (1)(2) U.S. Treasuries $ 70 $ 109 U.S. corporate public securities 54 447 Foreign corporate public securities and foreign governments 20 185 Equity Securities — — Payables under securities loan agreements $ 144 $ 741 (1) As of December 31, 2020 and December 31, 2019, borrowings under securities lending transactions include cash collateral of $74 and $650, respectively. (2) As of December 31, 2020 and December 31, 2019, borrowings under securities lending transactions include non-cash collateral of $70 and $91, respectively. The Company's securities lending activities are conducted on an overnight basis, and all securities loaned can be recalled at any time. The Company does not offset assets and liabilities associated with its securities lending program. Variable Interest Entities ("VIEs") The Company holds certain VIEs for investment purposes. VIEs may be in the form of private placement securities, structured securities, securitization transactions, or limited partnerships. The Company has reviewed each of its holdings and determined that consolidation of these investments in the Company's financial statements is not required, as the Company is not the primary beneficiary, because the Company does not have both the power to direct the activities that most significantly impact the entity's economic performance and the obligation or right to potentially significant losses or benefits, for any of its investments in VIEs. The Company did not provide any non-contractual financial support and its carrying value represents the Company's exposure to loss. The carrying value and ownership interest of these investments are included in Limited partnerships/corporations on the Consolidated Balance Sheets. Income and losses recognized on these investments are reported in Net investment income on the Consolidated Statements of Operations. Securitizations The Company invests in various tranches of securitization entities, including Residential mortgage-backed securities ("RMBS"), Commercial mortgage-backed securities ("CMBS") and ABS. Through its investments, the Company is not obligated to provide any financial or other support to these entities. Each of the RMBS, CMBS and ABS entities are thinly capitalized by design and considered VIEs. The Company's involvement with these entities is limited to that of a passive investor. The Company has no unilateral right to appoint or remove the servicer, special servicer or investment manager, which are generally viewed to have the power to direct the activities that most significantly impact the securitization entities' economic performance, in any of these entities, nor does the Company function in any of these roles. The Company, through its investments or other arrangements, does not have the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the entity. Therefore, the Company is not the primary beneficiary and will not consolidate any of the RMBS, CMBS and ABS entities in which it holds investments. These investments are accounted for as investments available-for-sale as described in the Fair Value Measurements Note to these Consolidated Financial Statements and unrealized capital gains (losses) on these securities are recorded directly in AOCI, except for certain RMBS that are accounted for under the FVO for which changes in fair value are reflected in Other net realized gains (losses) in the Consolidated Statements of Operations. The Company’s maximum exposure to loss on these structured investments is limited to the amount of its investment. Allowance for credit losses The following table presents a rollforward of the allowance for credit losses on available-for-sale fixed maturity securities for the period presented: Year Ended December 31, 2020 Residential mortgage-backed securities Commercial mortgage-backed securities Foreign corporate private securities Other asset-backed securities Total Balance as of January 1 $ — $ — $ — $ — $ — Credit losses on securities for which credit losses were not previously recorded 1 — 11 2 14 Initial allowance for credit losses recognized on financial assets accounted for as PCD (Purchased Credit Deteriorated) — — — — — Reductions for securities sold during the period — — — — — Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost — — — — — Increase (decrease) on securities with allowance recorded in previous period — — — — — Write-offs — — — — — Recoveries of amounts previously written off — — — — — Balance as of December 31 $ 1 $ — $ 11 $ 2 $ 14 Unrealized Capital Losses Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2020: Twelve Months or Less More Than Twelve Total Fair Unrealized Number of securities Fair Unrealized Number of securities Fair Unrealized Number of securities U.S. Treasuries $ 8 $ — 2 $ — $ — — $ 8 $ — 2 U.S. Government, agencies and authorities — — — — — — — — — State, municipalities and political subdivisions 5 — 2 — — — 5 — 2 U.S. corporate public securities 199 5 182 22 2 4 221 7 186 U.S. corporate private securities 316 10 29 71 17 7 387 27 36 Foreign corporate public securities and foreign governments 32 1 22 6 — 2 38 1 24 Foreign corporate private securities 176 25 20 3 — 1 179 25 21 Residential mortgage-backed 613 11 134 119 4 54 732 15 188 Commercial mortgage-backed 579 25 105 33 1 7 612 26 112 Other asset-backed 206 1 59 265 5 88 471 6 147 Total $ 2,134 $ 78 555 $ 519 $ 29 163 $ 2,653 $ 107 718 The Company concluded that an allowance for credit losses was unnecessary for these securities because the unrealized losses are not credit related. Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2019: Twelve Months or Less More Than Twelve Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasuries $ 68 $ 3 $ 12 $ — * $ 80 $ 3 U.S. Government, agencies and authorities 18 — * — — 18 — * State, municipalities and political subdivisions 21 — * — — 21 — * U.S. corporate public securities 97 3 131 10 228 13 U.S. corporate private securities 75 — * 134 16 209 16 Foreign corporate public securities and foreign governments 6 — * 53 3 59 3 Foreign corporate private securities 21 — * 56 1 77 1 Residential mortgage-backed 535 6 139 5 674 11 Commercial mortgage-backed 331 3 18 — * 349 3 Other asset-backed 217 2 500 11 717 13 Total $ 1,389 $ 17 $ 1,043 $ 46 $ 2,432 $ 63 Total number of securities in an unrealized loss position 289 278 567 *Less than $1. Based on the Company's quarterly evaluation of its securities in a unrealized loss position, described below, the Company concluded that these securities were not impaired as of December 31, 2020. The Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases. See the Business, Basis of Presentation and Significant Accounting Policies Note to these Consolidated Financial Statements for the policy used to evaluate whether the investments are impaired. Gross unrealized capital losses on fixed maturities, including securities pledged, increased $44 from $63 to $107 for the year ended December 31, 2020. The increase in gross unrealized capital losses was primarily due to higher interest rates in the longer end of the yield curve. As of December 31, 2020, $5 of the total $107 of gross unrealized losses were from 3 available-for-sale fixed maturity securities with an unrealized loss position of 20% or more of amortized cost for 12 months or greater. Evaluating Securities for Impairments The Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings, including fixed maturity securities in accordance with its impairment policy in order to evaluate whether such investments are impaired. The following table identifies the Company's impairments included in the Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss) by type for the periods indicated: Year Ended December 31, 2020 2019 2018 Impairment No. of Securities Impairment No. of Securities Impairment No. of Securities State municipalities, and political subdivisions $ — 6 $ — * 6 $ — — U.S. corporate public securities 12 43 11 25 6 2 U.S. corporate private securities — 2 1 16 — — Foreign corporate public securities and foreign governments (1) 1 22 3 15 2 3 Foreign corporate private securities (1) — 7 18 11 9 1 Residential mortgage-backed 3 44 4 71 3 58 Commercial mortgage-backed 20 106 — * 18 — * 1 Other asset-backed 1 61 3 73 — * 1 Total $ 37 291 $ 40 235 $ 20 66 Credit Impairments $ — $ 20 $ 14 Intent Impairments $ 37 $ 20 $ 6 (1) Primarily U.S. dollar denominated. *Less than $1. The Company may sell securities during the period in which fair value has declined below amortized cost for fixed maturities. In certain situations, new factors, including changes in the business environment, can change the Company's previous intent to continue holding a security. Accordingly, these factors may lead the Company to record additional intent related capital losses. For the year ended December 31, 2020 intent impairments in the amount of $26 were recorded on assets designated to be included in the reinsurance agreement associated with the Individual Life Transaction. Troubled Debt Restructuring The Company invests in high quality, well performing portfolios of commercial mortgage loans and private placements. Under certain circumstances, modifications are granted to these contracts. Each modification is evaluated as to whether a troubled debt restructuring has occurred. A modification is a troubled debt restructuring when the borrower is in financial difficulty and the creditor makes concessions. Generally, the types of concessions may include reducing the face amount or maturity amount of the debt as originally stated, reducing the contractual interest rate, extending the maturity date at an interest rate lower than current market interest rates and/or reducing accrued interest. The Company considers the amount, timing and extent of the concession granted in determining any impairment or changes in the specific valuation allowance recorded in connection with the troubled debt restructuring. A valuation allowance may have been recorded prior to the quarter when the loan is modified in a troubled debt restructuring. Accordingly, the carrying value (net of the specific valuation allowance) before and after modification through a troubled debt restructuring may not change significantly, or may increase if the expected recovery is higher than the pre-modification recovery assessment. For the year ended December 31, 2020, the Company had eight new commercial mortgage loan troubled debt restructurings with a pre-modification carrying value and post-modification carrying value of $45. For the year ended December 31, 2020, the Company had no new private placement troubled debt restructuring. As of December 31, 2019, the Company had one commercial mortgage loan troubled debt restructuring and had one private placement troubled debt restructuring. As of December 31, 2020 and 2019, the Company did not have any private placements modified in a troubled debt restructuring with a subsequent payment default. As of December 31, 2020, the Company had no commercial mortgage loans modified in a troubled debt restructuring with a subsequent payment default. As of December 31, 2019, the Company had one commercial mortgage loan modified in a troubled debt restructuring with a subsequent payment default. Mortgage Loans on Real Estate The Company diversifies its commercial mortgage loan portfolio by geographic region and property type to reduce concentration risk. The Company manages risk when originating commercial mortgage loans by generally lending only up to 75% of the estimated fair value of the underlying real estate. Subsequently, the Company continuously evaluates mortgage loans based on relevant current information including a review of loan-specific credit quality, property characteristics and market trends. The components to evaluate debt service coverage are received and reviewed at least annually to determine the level of risk. Loan-to-value ("LTV") and debt service coverage ("DSC") ratios are measures commonly used to assess the risk and quality of mortgage loans. The LTV ratio, calculated at time of origination, is expressed as a percentage of the amount of the loan relative to the value of the underlying property. A LTV ratio in excess of 100% indicates the unpaid loan amount exceeds the underlying collateral. The DSC ratio, based upon the most recently received financial statements, is expressed as a percentage of the amount of a property’s net income to its debt service payments. A DSC ratio of less than 1.0 indicates that a property’s operations do not generate sufficient income to cover debt payments. These ratios are utilized as part of the review process described above. The following tables present commercial mortgage loans by year of origination and LTV ratio as of the dates indicated. As of December 31, 2020 Loan-to-Value Ratios Year of Origination 0% - 50% >50% - 60% >60% - 70% >70% - 80% >80% and above Total 2020 $ 164 $ 206 $ 39 $ — $ — $ 409 2019 209 165 107 — — 481 2018 124 91 73 — — 288 2017 499 356 6 — — 861 2016 399 275 1 — — 675 2015 407 68 — — — 475 2014 and prior 1,167 323 15 — — 1,505 Total $ 2,969 $ 1,484 $ 241 $ — $ — $ 4,694 As of December 31, 2019 Loan-to-Value Ratios Year of Origination 0% - 50% >50% - 60% >60% - 70% >70% - 80% >80% and above Total 2019 85 96 145 170 26 522 2018 4 88 110 133 14 349 2017 101 244 566 13 10 934 2016 46 150 470 31 — 697 2015 10 343 168 8 — 529 2014 and prior 134 252 1,093 154 — 1,633 Total $ 380 $ 1,173 $ 2,552 $ 509 $ 50 $ 4,664 The following tables present commercial mortgage loans by year of origination and DSC ratio as of the dates indicated. As of December 31, 2020 Debt Service Coverage Ratios Year of Origination >1.5x >1.25x - 1.5x >1.0x - 1.25x <1.0x Commercial mortgage loans secured by land or construction loans Total 2020 $ 298 $ 93 $ 18 $ — $ — $ 409 2019 319 77 36 49 — 481 2018 102 79 60 47 — 288 2017 494 204 103 60 — 861 2016 591 53 31 — — 675 2015 445 23 — 7 — 475 2014 and prior 1,231 155 72 47 — 1,505 Total $ 3,480 $ 684 $ 320 $ 210 $ — $ 4,694 As of December 31, 2019 Debt Service Coverage Ratios Year of Origination >1.5x >1.25x - 1.5x >1.0x - 1.25x <1.0x Commercial mortgage loans secured by land or construction loans Total 2019 353 127 42 — — 522 2018 236 3 60 50 — 349 2017 481 238 133 82 — 934 2016 615 59 23 — — 697 2015 492 32 — 5 — 529 2014 and prior 1,358 128 88 59 — 1,633 Total $ 3,535 $ 587 $ 346 $ 196 $ — $ 4,664 The following tables present the commercial mortgage loans by year of origination and U.S. region as of the dates indicated. As of December 31, 2020 U.S. Region Year of Origination Pacific South Atlantic Middle Atlantic West South Central Mountain East North Central New England West North Central East South Central Total 2020 $ 84 $ 159 $ 35 $ 37 $ 32 $ 29 $ 1 $ 12 $ 20 $ 409 2019 63 122 11 137 54 39 17 11 27 481 2018 49 98 57 34 26 11 13 — 288 2017 99 98 352 136 74 60 5 37 — 861 2016 156 127 180 32 72 72 9 21 6 675 2015 109 133 100 30 42 48 9 4 — 475 2014 and prior 417 290 226 111 156 132 40 104 29 1,505 Total $ 977 $ 1,027 $ 961 $ 517 $ 456 $ 391 $ 81 $ 202 $ 82 $ 4,694 As of December 31, 2019 U.S. Region Year of Origination Pacific South Atlantic Middle Atlantic West South Central Mountain East North Central New England West North Central East South Central Total 2019 63 127 26 155 53 43 18 11 26 522 2018 50 132 60 43 26 11 — 12 15 349 2017 103 99 396 151 77 60 5 43 — 934 2016 158 132 187 32 75 77 9 21 6 697 2015 125 160 103 34 43 50 10 4 — 529 2014 and prior 445 316 247 122 168 142 42 121 30 1,633 Total $ 944 $ 966 $ 1,019 $ 537 $ 442 $ 383 $ 84 $ 212 $ 77 $ 4,664 The following tables present the commercial mortgage loans by year of origination and property type as of the dates indicated. As of December 31, 2020 Property Type Year of Origination Retail Industrial Apartments Office Hotel/Motel Other Mixed Use Total 2020 $ 51 $ 73 $ 141 $ 144 $ — $ — $ — $ 409 2019 32 73 283 71 22 — — 481 2018 49 78 124 17 3 17 — 288 2017 102 415 204 136 4 — — 861 2016 129 244 138 144 9 7 4 675 2015 121 180 65 51 17 41 — 475 2014 and prior 671 125 273 210 62 125 39 1,505 Total $ 1,155 $ 1,188 $ 1,228 $ 773 $ 117 $ 190 $ 43 $ 4,694 As of December 31, 2019 Property Type Year of Origination Retail Industrial Apartments Office Hotel/Motel Other Mixed Use Total 2019 33 90 299 81 19 — — 522 2018 52 91 152 32 4 18 — 349 2017 104 461 218 147 4 — — 934 2016 131 254 147 146 8 7 4 697 2015 148 185 69 62 23 42 — 529 2014 and prior 730 135 300 229 69 130 40 1,633 Total $ 1,198 $ 1,216 $ 1,185 $ 697 $ 127 $ 197 $ 44 $ 4,664 The following table summarizes the activity in the allowance for losses for commercial mortgage loans for the periods indicated: 2020 Allowance for credit losses, balance at January 1 $ 12 (1) Credit losses on mortgage loans for which credit losses were not previously recorded 5 Increase (decrease) on mortgage loans with allowance recorded in previous period 52 Provision for expected credit losses 69 Write-offs (2) Recoveries of amounts previously written-off — Allowance for credit losses, balance at December 31 $ 67 (1) On January 1, 2020, as a result of implementing ASU 2016-13 Measurement of Credit Losses of Financial Instruments, the Company recorded a transition adjustment on a continuing basis for Allowance for credit losses on mortgage loans on real estate of $12. While still heavily impacted by COVID-19, the Commercial Mortgage Loan portfolio allowance increased by $28 during the fourth quarter as certain sectors of the economy resumed operations, albeit at lower than pre-pandemic levels. We continue to observe distress in the hotel sector. To provide temporary financial assistance to our commercial mortgage loans borrowers adversely affected by COVID-19 related stress, the Company has provided payment forbearance to approximately 7% of the outstanding principal amount of our commercial mortgage loans. Deferred payment amounts are expected to be repaid across the 12 months following the end of the agreed upon forbearance period. No modifications to any commercial mortgage loans have been made as of the issuance date of this filing. The following table presents past due commercial mortgage loans as of the dates indicated: December 31, 2020 December 31, 2019 Delinquency: Current $ 4,691 $ 4,664 30-59 days past due — — 60-89 days past due — — Greater than 90 days past due 3 — Total $ 4,694 $ 4,664 Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended. As of December 31, 2020, the Company had one commercial mortgage loans in non-accrual status. As of December 31, 2019, the Company had no commercial mortgage loans in non-accrual status. There was no interest income recognized on loans in non-accrual status for the years ended December 31, 2020 and December 31, 2019. As of December 31, 2020 and December 31, 2019, the Company had no commercial mortgage loans that were over 90 days or more past due but are not on non-accrual status. The Company had no commercial mortgage loans on non-accrual status for which there is no related allowance for credit losses as of December 31, 2020. Net Investment Income The following table summarizes Net investment income for the periods indicated: Year Ended December 31, 2020 2019 2018 Fixed maturities $ 1,603 $ 1,432 $ 1,363 Equity securities 9 6 5 Mortgage loans on real estate 200 224 220 Policy loans 12 7 9 Short-term investments and cash equivalents 2 3 3 Other 107 91 95 Gross investment income 1,933 1,763 1,695 Less: investment expenses 75 74 72 Net investment income $ 1,858 $ 1,689 $ 1,623 As of December 31, 2020 and 2019, the Company had $1 and $0, respectively, of investments in fixed maturities that did not produce net investment income. Fixed maturities are moved to a non-accrual status when the investment defaults. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Such interest income is recorded in Net investment income in the Consolidated Statements of Operations. Net Realized Capital Gains (Losses) Net realized capital gains (losses) comprise the difference between the amortized cost of investments and proceeds from sale and redemption, as well as losses incurred due to the credit-related and intent-related impairment of investments. Realized investment gains and losses are also primarily generated from changes in fair value of embedded derivatives within products and fixed maturities, changes in fair value of fixed maturities recorded at FVO and changes in fair value including accruals on derivative instruments, except for effective cash flow hedges. Net realized capital gains (losses) also include changes in fair value of equity securities. The cost of the investments on disposal is generally determined based on first-in-first-out ("FIFO") methodology. Net realized capital gains (losses) were as follows for the periods indicated: Year Ended December 31, 2020 2019 2018 Fixed maturities, available-for-sale, including securities pledged $ (23) $ 11 $ (69) Fixed maturities, at fair value option (257) (47) (227) Equity securities 3 (16) (4) Derivatives 49 (82) (36) Embedded derivatives - fixed maturities — 2 (4) Guaranteed benefit derivatives (27) (11) 94 Mortgage Loans (56) — — Other investments 1 (1) 4 Net realized capital gains (losses) $ (310) $ (144) $ (242) Proceeds from the sale of fixed maturities, available-for-sale, and equity securities and the related gross realized gains and losses, before tax were as follows for the periods indicated: Year Ended December 31, 2020 2019 2018 Proceeds on sales $ 1,512 $ 2,418 $ 2,498 Gross gains 85 30 14 Gross losses 59 25 50

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company primarily enters into the following types of derivatives: Interest rate swaps: Interest rate swaps are used by the Company primarily to reduce market risks from changes in interest rates and to alter interest rate exposure arising from mismatches between assets and/or liabilities. Interest rate swaps are also used to hedge the interest rate risk associated with the value of assets it owns or in an anticipation of acquiring them. Using interest rate swaps, the Company agrees with another party to exchange, at specified intervals, the difference between fixed rate and floating rate interest payments, calculated by reference to an agreed upon notional principal amount. These transactions are entered into pursuant to master agreements that provide for a single net payment to be made to/from the counterparty at each due date. The Company utilizes these contracts in qualifying hedging relationships as well as non-qualifying hedging relationships. Foreign exchange swaps: The Company uses foreign exchange or currency swaps to reduce the risk of change in the value, yield or cash flows associated with certain foreign denominated invested assets. Foreign exchange swaps represent contracts that require the exchange of foreign currency cash flows against U.S. dollar cash flows at regular periods, typically quarterly or semi-annually. The Company utilizes these contracts in qualifying hedging relationships as well as non-qualifying hedging relationships. Futures: The Company uses interest rate futures contracts to hedge its exposure to market risks due to changes in interest rates. The Company enters into exchange traded futures with regulated futures commissions that are members of the exchange. The Company also posts initial and variation margins, with the exchange, on a daily basis. The Company utilizes exchange-traded futures in non-qualifying hedging relationships. The Company may also use futures contracts as a hedge against an increase in certain equity indices. . Managed custody guarantees ("MCGs"): The Company issues certain credited rate guarantees on variable fixed income portfolios that represent stand-alone derivatives. The market value is partially determined by, among other things, levels of or changes in interest rates, prepayment rates and credit ratings/spreads. Embedded derivatives: The Company also invests in certain fixed maturity instruments and has issued certain products that contain embedded derivatives for which market value is at least partially determined by, among other things, levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity rates, or credit ratings/spreads. In addition, the Company has entered into coinsurance with funds withheld arrangements, which contain embedded derivatives. The Company's use of derivatives is limited mainly to economic hedging to reduce the Company's exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, exchange rate risk and equity market risk. It is the Company's policy not to offset amounts recognized for derivative instruments and amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement, which provides the Company with the legal right of offset. However, in accordance with the Chicago Mercantile Exchange ("CME") rules related to the variation margin payments, the Company is required to adjust the derivative balances with the variation margin payments related to its cleared derivatives executed through CME. The notional amounts and fair values of derivatives were as follows as of the dates indicated: December 31, 2020 December 31, 2019 Notional Asset Liability Notional Asset Liability Derivatives: Qualifying for hedge accounting (1 ) Cash flow hedges: Interest rate contracts $ 18 $ — $ — $ 23 $ — $ — Foreign exchange contracts 628 3 36 652 10 18 Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 14,155 137 171 18,640 210 261 Foreign exchange contracts 83 — 3 54 — 1 Equity contracts 55 5 5 63 4 3 Credit contracts 188 — 1 182 — 2 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 11 — N/A 11 — Within products N/A — 59 N/A — 33 Within reinsurance agreements N/A — — N/A — 23 Managed custody guarantees N/A — 4 N/A — — Total $ 156 $ 279 $ 235 $ 341 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. N/A - Not Applicable Based on the notional amounts, a substantial portion of the Company’s derivative positions was not designated or did not qualify for hedge accounting as part of a hedging relationship as of December 31, 2020 and 2019. The Company utilizes derivative contracts mainly to hedge exposure to variability in cash flows, interest rate risk, credit risk, foreign exchange risk and equity market risk. The majority of derivatives used by the Company are designated as product hedges, which hedge the exposure arising from insurance liabilities or guarantees embedded in the contracts the Company offers through various product lines. These derivatives do not qualify for hedge accounting as they do not meet the criteria of being "highly effective" as outlined in ASC Topic 815, but do provide an economic hedge, which is in line with the Company’s risk management objectives. The Company also uses derivatives contracts to hedge its exposure to various risks associated with the investment portfolio. The Company does not seek hedge accounting treatment for certain of these derivatives as they generally do not qualify for hedge accounting due to the criteria required under the portfolio hedging rules outlined in ASC Topic 815. The Company also uses credit default swaps coupled with other investments in order to produce the investment characteristics of otherwise permissible investments that do not qualify as effective accounting hedges under ASC Topic 815. Although the Company has not elected to net its derivative exposures, the notional amounts and fair values of Over-The-Counter ("OTC") and cleared derivatives excluding exchange traded contracts are presented in the tables below as of the dates indicated: December 31, 2020 Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 188 $ — $ 1 Equity contracts 55 5 5 Foreign exchange contracts 711 3 39 Interest rate contracts 12,567 137 171 145 216 Counterparty netting (1) (141) (141) Cash collateral netting (1) (1) (43) Securities collateral netting (1) — (28) Net receivables/payables $ 3 $ 4 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2019 Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 182 $ — $ 2 Equity contracts 63 4 3 Foreign exchange contracts 706 10 19 Interest rate contracts 17,621 210 261 224 285 Counterparty netting (1) (217) (217) Cash collateral netting (1) (6) (58) Securities collateral netting (1) — (5) Net receivables/payables $ 1 $ 5 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. Collateral Under the terms of the OTC Derivative International Swaps and Derivatives Association, Inc. ("ISDA") agreements, the Company may receive from, or deliver to, counterparties collateral to assure that terms of the ISDA agreements will be met with regard to the Credit Support Annex ("CSA"). The terms of the CSA call for the Company to pay interest on any cash received equal to the Federal Funds rate. To the extent cash collateral is received and delivered, it is included in Payables under securities loan agreements, including collateral held and Short-term investments under securities loan agreements, including collateral delivered, respectively, on the Consolidated Balance Sheets and is reinvested in short-term investments. Collateral held is used in accordance with the CSA to satisfy any obligations. Investment grade bonds owned by the Company are the source of noncash collateral posted, which is reported in Securities pledged on the Consolidated Balance Sheets. As of December 31, 2020, the Company held $5 and delivered $43 of net cash collateral related to OTC derivative contracts and cleared derivative contracts, respectively. As of December 31, 2019, the Company held $7 and $55 of net cash collateral related to OTC derivative contracts and cleared derivative contracts, respectively. In addition, as of December 31, 2020, the Company delivered $77 of securities and held no securities as collateral. As of December 31, 2019, the Company delivered $113 of securities and held no securities as collateral. The location and effect of derivatives qualifying for hedge accounting on the Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income are as follows for the period indicated: Year Ended December 31 2020 2019 Interest Rate Contracts Foreign Exchange Contracts Interest Rate Contracts Foreign Exchange Contracts Derivatives: Qualifying for hedge accounting Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Net Investment Income Net Investment Income and Other Net Realized Capital Gains/(Losses) Net Investment Income Net Investment Income and Other Net Realized Capital Gains/(Losses) Amount of Gain or (Loss) Recognized in Other Comprehensive Income $ 1 $ (23) $ 2 $ — Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — 7 — 10 Interest Rate Contracts Foreign Exchange Contracts The location and amount of gain (loss) recognized in the Consolidated Statements of Operations for derivatives qualifying for hedge accounting are as follows for the period indicated: Year Ended December 31, 2020 2019 Net Investment Income Other net realized capital gains/(losses) Net Investment Income Other net realized capital gains/(losses) Total amounts of line items presented in the statement of operations in which the effects of cash flow hedges are recorded $ 1,858 $ (273) $ 1,689 $ (101) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 10 (3) 10 — The location and effect of derivatives not designated as hedging instruments on the Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Year Ended December 31, 2020 2019 2018 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ 51 $ (85) $ (44) Foreign exchange contracts Other net realized capital gains (losses) (2) 1 1 Equity contracts Other net realized capital gains (losses) — 1 — Credit contracts Other net realized capital gains (losses) 3 1 (1) Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) — 2 (4) Within products Other net realized capital gains (losses) (23) (11) 94 Within reinsurance agreements Policyholder benefits 23 (102) 58 Managed custody guarantees Other net realized capital gains (losses) (4) — — Total $ 48 $ (193) $ 104

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following table presents the Company's hierarchy for its assets and liabilities measured at fair value on a recurring basis as of December 31, 2020: Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 548 $ 173 $ — $ 721 U.S. Government agencies and authorities — 19 — 19 State, municipalities and political subdivisions — 814 — 814 U.S. corporate public securities — 9,099 57 9,156 U.S. corporate private securities — 3,093 1,286 4,379 Foreign corporate public securities and foreign governments (1) — 2,951 — 2,951 Foreign corporate private securities (1) — 3,008 295 3,303 Residential mortgage-backed securities — 4,204 33 4,237 Commercial mortgage-backed securities — 2,893 — 2,893 Other asset-backed securities — 1,483 37 1,520 Total fixed maturities, including securities pledged 548 27,737 1,708 29,993 Equity securities 17 — 99 116 Derivatives: Interest rate contracts 7 130 — 137 Foreign exchange contracts — 3 — 3 Equity contracts — 5 — 5 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 610 16 — 626 Assets held in separate accounts 81,096 6,001 222 87,319 Total assets $ 82,278 $ 33,892 $ 2,029 $ 118,199 Percentage of Level to total 69 % 29 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives: FIA $ — $ — $ 10 $ 10 Stabilizer and MCGs — — 53 53 Other derivatives: Interest rate contracts — 171 — 171 Foreign exchange contracts — 39 — 39 Equity contracts — 5 — 5 Credit contracts — 1 — 1 Embedded derivative on reinsurance — — — — Total liabilities $ — $ 216 $ 63 $ 279 (1) Primarily U.S. dollar denominated. The following table presents the Company's hierarchy for its assets and liabilities measured at fair value on a recurring basis as of December 31, 2019: Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 536 $ 155 $ — $ 691 U.S. Government agencies and authorities — 19 — 19 State, municipalities and political subdivisions — 815 — 815 U.S. corporate public securities — 7,984 47 8,031 U.S. corporate private securities — 3,064 1,002 4,066 Foreign corporate public securities and foreign governments (1) — 2,679 — 2,679 Foreign corporate private securities (1) — 3,185 190 3,375 Residential mortgage-backed securities — 3,794 16 3,810 Commercial mortgage-backed securities — 2,500 — 2,500 Other asset-backed securities — 1,426 48 1,474 Total fixed maturities, including securities pledged 536 25,621 1,303 27,460 Equity securities, available-for-sale 17 — 63 80 Derivatives: Interest rate contracts 1 209 — 210 Foreign exchange contracts — 10 — 10 Equity contracts — 4 — 4 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 1,429 — — 1,429 Assets held in separate accounts 72,448 6,150 115 78,713 Total assets $ 74,431 $ 31,994 $ 1,481 $ 107,906 Percentage of Level to total 69 % 30 % 1 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives: FIA $ — $ — $ 11 $ 11 Stabilizer and MCGs — — 22 22 Other derivatives: Interest rate contracts — 261 — 261 Foreign exchange contracts — 19 — 19 Equity contracts — 3 — 3 Credit contracts — 2 — 2 Embedded derivative on reinsurance — 23 — 23 Total liabilities $ — $ 308 $ 33 $ 341 (1) Primarily U.S. dollar denominated. Valuation of Financial Assets and Liabilities at Fair Value Certain assets and liabilities are measured at estimated fair value on the Company's Consolidated Balance Sheets. The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The exit price and the transaction (or entry) price will be the same at initial recognition in many circumstances. However, in certain cases, the transaction price may not represent fair value. The fair value of a liability is based on the amount that would be paid to transfer a liability to a third-party with an equal credit standing. Fair value is required to be a market-based measurement that is determined based on a hypothetical transaction at the measurement date, from a market participant's perspective. The Company considers three broad valuation approaches when a quoted price is unavailable: (i) the market approach, (ii) the income approach and (iii) the cost approach. The Company determines the most appropriate valuation technique to use, given the instrument being measured and the availability of sufficient inputs. The Company prioritizes the inputs to fair valuation approaches and allows for the use of unobservable inputs to the extent that observable inputs are not available. The Company utilizes a number of valuation methodologies to determine the fair values of its financial assets and liabilities in conformity with the concepts of exit price and the fair value hierarchy as prescribed in ASC Topic 820. Valuations are obtained from third-party commercial pricing services, brokers and industry-standard, vendor-provided software that models the value based on market observable inputs. The valuations obtained from third-party commercial pricing services are non-binding. The Company reviews the assumptions and inputs used by third-party commercial pricing services for each reporting period in order to determine an appropriate fair value hierarchy level. The documentation and analysis obtained from third-party commercial pricing services are reviewed by the Company, including in-depth validation procedures confirming the observability of inputs. The valuations are reviewed and validated monthly through the internal valuation committee price variance review, comparisons to internal pricing models, back testing to recent trades or monitoring of trading volumes. The valuation approaches and key inputs for each category of assets or liabilities that are classified within Level 2 and Level 3 of the fair value hierarchy are presented below. For fixed maturities classified as Level 2 assets, fair values are determined using a matrix-based market approach, based on prices obtained from third-party commercial pricing services and the Company’s matrix and analytics-based pricing models, which in each case incorporate a variety of market observable information as valuation inputs. The market observable inputs used for these fair value measurements, by fixed maturity asset class, are as follows: U.S. Treasuries: Fair value is determined using third-party commercial pricing services, with the primary inputs being stripped interest and principal U.S. Treasury yield curves that represent a U.S. Treasury zero-coupon curve. U.S. government agencies and authorities, State, municipalities and political subdivisions: Fair value is determined using third-party commercial pricing services, with the primary inputs being U.S. Treasury yield curves, trades of comparable securities, credit spreads off benchmark yields and issuer ratings. U.S. corporate public securities, Foreign corporate public securities and foreign governments: Fair value is determined using third-party commercial pricing services, with the primary inputs being benchmark yields, trades of comparable securities, issuer ratings, bids and credit spreads off benchmark yields. U.S. corporate private securities and Foreign corporate private securities: Fair values are determined using a matrix and analytics-based pricing model. The model incorporates the current level of risk-free interest rates, current corporate credit spreads, credit quality of the issuer and cash flow characteristics of the security. The model also considers a liquidity spread, the value of any collateral, the capital structure of the issuer, the presence of guarantees, and prices and quotes for comparably rated publicly traded securities. RMBS, CMBS and ABS: Fair value is determined using third-party commercial pricing services, with the primary inputs being credit spreads off benchmark yields, prepayment speed assumptions, current and forecasted loss severity, debt service coverage ratios, collateral type, payment priority within tranche and the vintage of the loans underlying the security. Generally, the Company does not obtain more than one vendor price from pricing services per instrument. The Company uses a hierarchy process in which prices are obtained from a primary vendor and, if that vendor is unable to provide the price, the next vendor in the hierarchy is contacted until a price is obtained or it is determined that a price cannot be obtained from a commercial pricing service. When a price cannot be obtained from a commercial pricing service, independent broker quotes are solicited. Securities priced using independent broker quotes are classified as Level 3. Fair values of privately placed bonds are determined primarily using a matrix-based pricing model and are generally classified as Level 2 assets. The model considers the current level of risk-free interest rates, current corporate spreads, the credit quality of the issuer and cash flow characteristics of the security. Also considered are factors such as the net worth of the borrower, the value of collateral, the capital structure of the borrower, the presence of guarantees and the Company's evaluation of the borrower's ability to compete in its relevant market. Using this data, the model generates estimated market values which the Company considers reflective of the fair value of each privately placed bond. Equity securities : Level 2 and Level 3 equity securities, typically private equities or equity securities not traded on an exchange, are valued by other sources such as analytics or brokers. Derivatives : Derivatives are carried at fair value, which is determined using the Company's derivative accounting system in conjunction with observable key financial data from third party sources, such as yield curves, exchange rates, S&P 500 Index prices, London Interbank Offered Rates ("LIBOR") and Overnight Index Swap ("OIS") rates. The Company uses OIS for valuations of collateralized interest rate derivatives, which are obtained from third-party sources. For those derivatives that are unable to be valued by the accounting system, the Company typically utilizes values established by third-party brokers. Counterparty credit risk is considered and incorporated in the Company's valuation process through counterparty credit rating requirements and monitoring of overall exposure. It is the Company's policy to transact only with investment grade counterparties with a credit rating of A- or better. The Company's nonperformance risk is also considered and incorporated in the Company's valuation process. The Company also has certain credit default swaps and options that are priced by third party vendors or by using models that primarily use market observable inputs, but contain inputs that are not observable to market participants, which have been classified as Level 3. The remaining derivative instruments are valued based on market observable inputs and are classified as Level 2. Guaranteed benefit derivatives : The index-crediting feature in the Company's FIA contract is an embedded derivative that is required to be accounted for separately from the host contract. The fair value of the obligation is calculated based on actuarial and capital market assumptions related to the projected cash flows, including benefits and related contract charges, over the anticipated life of the related contracts. The cash flow estimates are produced by market implied assumptions. These derivatives are classified as Level 3 liabilities in the fair value hierarchy. The Company records reserves for Stabilizer and MCG contracts containing guaranteed credited rates. The guarantee is treated as an embedded derivative or a stand-alone derivative (depending on the underlying product) and is required to be reported at fair value. The estimated fair value is determined based on the present value of projected future claims, minus the present value of future guaranteed premiums. At inception of the contract, the Company projects a guaranteed premium to be equal to the present value of the projected future claims. The income associated with the contracts is projected using relevant actuarial and capital market assumptions, including benefits and related contract charges, over the anticipated life of the related contracts. The cash flow estimates are produced by using stochastic techniques under a variety of risk neutral scenarios and other market implied assumptions. These derivatives are classified as Level 3 liabilities. The discount rate used to determine the fair value of the embedded derivatives and stand-alone derivative includes an adjustment for nonperformance risk. The nonperformance risk adjustment incorporates a blend of observable, similarly rated peer holding company credit spreads, adjusted to reflect the credit quality of the Company, as well as an adjustment to reflect the non-default spreads and the priority and recovery rates of policyholder claims. Embedded derivatives on reinsurance: The carrying value of embedded derivatives is estimated based upon the change in the fair value of the assets supporting the funds withheld payable under reinsurance agreements. The fair value of the embedded derivatives is based on market observable inputs and is classified as Level 2. Level 3 Financial Instruments The fair values of certain assets and liabilities are determined using prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement (i.e., Level 3 as defined by ASC Topic 820), including but not limited to liquidity spreads for investments within markets deemed not currently active. These valuations, whether derived internally or obtained from a third-party, use critical assumptions that are not widely available to estimate market participant expectations in valuing the asset or liability. In addition, the Company has determined, for certain financial instruments, an active market is such a significant input to determine fair value that the presence of an inactive market may lead to classification in Level 3. In light of the methodologies employed to obtain the fair values of financial assets and liabilities classified as Level 3, additional information is presented below. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2020 Fair Value Total Purchases Issuances Sales Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value as of December 31 Change in Unrealized Gains (Losses) Included in Earnings (3) Change in Unrealized Gains (Losses) Included in OCI (3) Net Income OCI Fixed maturities, including securities pledged: U.S. Corporate public securities $ 47 $ — $ 4 $ — $ — $ (10) $ (11) $ 27 $ — $ 57 $ — $ 4 U.S. Corporate private securities 1,002 — 33 255 — (9) (89) 294 (200) 1,286 — 33 Foreign corporate public securities and foreign governments (1) — — — — — — — — — — — — Foreign corporate private securities (1) 190 (9) (21) 190 — (11) (4) 4 (44) 295 2 (21) Residential mortgage-backed securities 16 (7) — 32 — — — — (8) 33 (7) — Commercial mortgage-backed securities — — — — — — — — — — — — Other asset-backed securities 48 — — 4 — — (15) — — 37 — — Total fixed maturities, including securities pledged 1,303 (16) 16 481 — (30) (119) 325 (252) 1,708 (5) 16 Equity securities 63 2 — 35 — — (1) — — 99 2 — Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (22) (29) — — (2) — — — — (53) — — FIA (2) (11) 2 — — (2) — 1 — — (10) — — Assets held in separate accounts (4) 115 — — 161 — (2) — 3 (55) 222 — — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by-contract basis. These amounts are included in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) For financial instruments still held as of December 31, amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations or Unrealized gains (losses) on securities in the Condensed Consolidated Statements of Comprehensive Income (4) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income (loss) for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2019 Fair Value Total Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change in Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. Corporate public securities $ 28 $ — $ 3 $ — $ — $ — $ (7) $ 23 $ — $ 47 $ — U.S. Corporate private securities 771 (1) 62 246 — (14) (61) 8 (9) 1,002 (1) Foreign corporate private securities (1) 124 (17) 31 108 — (56) — — — 190 1 Residential mortgage-backed securities 10 (3) — 9 — — — — — 16 (4) Commercial mortgage-backed securities 12 — — — — — — — (12) — — Other asset-backed securities 94 — — — — — (2) — (44) 48 — Total fixed maturities, including securities pledged 1,039 (21) 96 363 — (70) (70) 31 (65) 1,303 (4) Equity securities, available-for-sale 50 (16) — 29 — — — — — 63 (16) Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (4) (16) — — (2) — — — — (22) — FIA (2) (11) 5 — — (5) — — — — (11) — Assets held in separate accounts (5) 61 4 — 79 — (2) — 3 (30) 115 — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by-contract basis. These amounts are included in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) The Company’s policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31, amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income (loss) for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. For the years ended December 31, 2020 and 2019, the transfers in and out of Level 3 for fixed maturities and separate accounts were due to the variation in inputs relied upon for valuation each quarter. Securities that are primarily valued using independent broker quotes when prices are not available from one of the commercial pricing services are reflected as transfers into Level 3. When securities are valued using more widely available information, the securities are transferred out of Level 3 and into Level 1 or 2, as appropriate. Significant Unobservable Inputs The Company's Level 3 fair value measurements of its fixed maturities, equity securities and equity and credit derivative contracts are primarily based on broker quotes for which the quantitative detail of the unobservable inputs is neither provided nor reasonably corroborated, thus negating the ability to perform a sensitivity analysis. The Company performs a review of broker quotes by performing a monthly price variance comparison and back tests broker quotes to recent trade prices. Other Financial Instruments The following disclosures are made in accordance with the requirements of ASC Topic 825 which requires disclosure of fair value information about financial instruments, whether or not recognized at fair value on the Consolidated Balance Sheets. ASC Topic 825 excludes certain financial instruments, including insurance contracts and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The carrying values and estimated fair values of the Company's financial instruments as of the dates indicated: December 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Assets: Fixed maturities, including securities pledged $ 29,993 $ 29,993 $ 27,460 $ 27,460 Equity securities 116 116 80 80 Mortgage loans on real estate 4,694 5,013 4,664 4,912 Policy loans 187 187 205 205 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 626 626 1,429 1,429 Derivatives 145 145 224 224 Short-term loan to affiliate 653 653 69 69 Other investments 43 43 43 43 Assets held in separate accounts 87,319 87,319 78,713 78,713 Liabilities: Investment contract liabilities: Funding agreements without fixed maturities and deferred annuities (1) 28,169 36,741 26,337 32,697 Funding agreements with fixed maturities 795 796 877 876 Supplementary contracts, immediate annuities and other 288 345 312 384 Deposit liabilities — — 76 152 Derivatives: Guaranteed benefit derivatives: FIA 10 10 11 11 Stabilizer and MCGs 53 53 22 22 Other derivatives 216 216 285 285 Short-term debt (2) 8 8 1 1 Long-term debt (2) 3 3 4 4 Embedded derivatives on reinsurance — — 23 23 (1) Certain amounts included in Funding agreements without fixed maturities and deferred annuities are also reflected within the Guaranteed benefit derivatives section of the table above. (2) Included in Other Liabilities on the Consolidated Balance Sheets. The following table presents the classification of financial instruments which are not carried at fair value on the Consolidated Balance Sheets: Financial Instrument Classification Mortgage loans on real estate Level 3 Policy loans Level 2 Other investments Level 2 Funding agreements without fixed maturities and deferred annuities Level 3 Funding agreements with fixed maturities Level 2 Supplementary contracts, immediate annuities and other Level 3 Deposit liabilities Level 3 Short-term debt and Long-term debt Level 2

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs and Value of Business Acquired	12 Months Ended
	Dec. 31, 2020
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]
Deferred Policy Acquisition Costs and Value of Business Acquired	Deferred Policy Acquisition Costs and Value of Business Acquired The following table presents a rollforward of DAC and VOBA for the periods indicated: DAC VOBA Total Balance at January 1, 2018 $ 385 $ 367 $ 752 Deferrals of commissions and expenses 55 6 61 Amortization: Amortization, excluding unlocking (75) (72) (147) Unlocking (1) (26) 13 (13) Interest accrued 35 39 (2) 74 Net amortization included in the Consolidated Statements of Operations (66) (20) (86) Change in unrealized capital gains/losses on available-for-sale securities 162 198 360 Balance as of December 31, 2018 536 551 1,087 Deferrals of commissions and expenses 43 6 49 Amortization: Amortization, excluding unlocking (72) (66) (138) Unlocking (1) 2 (2) — Interest accrued 35 38 (2) 73 Net amortization included in the Consolidated Statements of Operations (35) (30) (65) Change in unrealized capital gains/losses on available-for-sale securities (256) (222) (478) Balance as of December 31, 2019 288 305 593 Impact of ASU 2016-13 2 — 2 Deferrals of commissions and expenses 56 3 59 Amortization: Amortization, excluding unlocking (84) (76) (160) Unlocking (1) (5) (94) (99) Interest accrued 35 32 (2) 67 Net amortization included in the Consolidated Statements of Operations (54) (138) (192) Change in unrealized capital gains/losses on available-for-sale securities (170) (130) (300) Balance as of December 31, 2020 $ 122 $ 40 $ 162 (1) DAC/VOBA unlocking includes the impact of annual review of assumptions which typically occurs in the third quarter; and retrospective and prospective unlocking. Additionally, the 2018 amounts include unfavorable unlocking of DAC and VOBA of $25 and $26, respectively, associated with an update to assumptions related to customer consents of changes to guaranteed minimum interest rate provisions. (2) Interest accrued at the following rates for VOBA: 5.5% to 7.0% during 2020, 2019 and 2018. The estimated amount of VOBA amortization expense, net of interest, during the next five years is presented in the following table. Actual amortization incurred during these years may vary as assumptions are modified to incorporate actual results and/or changes in best estimates of future results. Year Amount 2021 $ 25 2022 23 2023 21 2024 17 2025 14

Guaranteed Benefit Features

Guaranteed Benefit Features	12 Months Ended
	Dec. 31, 2020
Insurance [Abstract]
Guaranteed Benefit Features	Guaranteed Benefit Features The Company calculates an additional liability for certain GMDBs and other minimum guarantees in order to recognize the expected value of these benefits in excess of the projected account balance over the accumulation period based on total expected assessments. The Company regularly evaluates estimates used to adjust the additional liability balance, with a related charge or credit to benefit expense, if actual experience or other evidence suggests that earlier assumptions should be revised. As of December 31, 2020 and 2019, the account value for the separate account contracts with guaranteed minimum benefits was $46.9 billion and $40.0 billion, respectively. The additional liability recognized related to minimum guarantees as of December 31, 2020 and 2019 was $57 and $26, respectively. The aggregate fair value of fixed income securities and equity securities, including mutual funds, supporting separate accounts with additional insurance benefits and minimum investment return guarantees as of December 31, 2020 and 2019 was $9.2 billion and $8.2 billion, respectively.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2020
Insurance [Abstract]
Reinsurance	Reinsurance As of December 31, 2020, the Company has reinsurance treaties with 4 unaffiliated reinsurers covering a significant portion of the mortality risks and guaranteed death benefits under its variable contracts. The Company previously had an agreement with one of its affiliates, Security Life of Denver International ("SLDI"), which was accounted for under the deposit method of accounting. This agreement was recaptured in Q1 2020. Refer to the Related Party Transactions Note for further detail. On October 1, 1998, the Company disposed of its individual life insurance business under an indemnity reinsurance arrangement with a subsidiary of Lincoln for $1.0 billion in cash. Under the agreement, the Lincoln subsidiary contractually assumed from the Company certain policyholder liabilities and obligations, although the Company remains obligated to contract owners. The Lincoln subsidiary established a trust to secure its obligations to the Company under the reinsurance agreement. As of December 31, 2020 and 2019, the Company had $1.2 billion and $1.3 billion, respectively, related to Reinsurance recoverable from the subsidiary of Lincoln. Premiums receivable and reinsurance recoverable was comprised of the following as of the dates indicated: December 31, 2020 2019 Reinsurance recoverable, net of allowance for credit losses $ 1,219 $ 1,304 Total $ 1,219 $ 1,304

Capital Contributions, Dividend

Capital Contributions, Dividends and Statutory Information	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Capital Contributions, Dividends and Statutory Information	Capital Contributions, Dividends and Statutory Information Connecticut insurance law imposes restrictions on a Connecticut insurance company's ability to pay dividends to its parent. These restrictions are based in part on the prior year's statutory income and surplus. In general, dividends up to specified levels are considered ordinary and may be paid without prior approval. Dividends in larger amounts, or extraordinary dividends, are subject to approval by the Connecticut Insurance Commissioner. Under Connecticut insurance law, an extraordinary dividend or distribution is defined as a dividend or distribution that, together with other dividends or distributions made within the preceding twelve months, exceeds the greater of (1) ten percent (10%) of VRIAC's earned statutory surplus at the prior year end or (2) VRIAC's prior year statutory net gain from operations. Connecticut law also prohibits a Connecticut insurer from declaring or paying a dividend except out of its earned surplus unless prior insurance regulatory approval is obtained. During the year ended December 31, 2020, VRIAC declared and paid ordinary dividends to its Parent in the aggregate amount of $294. During the year ended December 31, 2019, VRIAC paid an ordinary dividend in the amount of $396 to its Parent. On March 27, 2020, VFP paid a $20 dividend to VRIAC, its parent; on June 18, 2020, VFP paid a $15 dividend to VRIAC; on September 25, 2020, VFP paid a $20 dividend to VRIAC; and on December 22, 2020, VFP paid a $20 dividend to VRIAC. During the year ended December 31, 2019, VFP paid dividends of $80 to VRIAC. On December 31, 2020, VRA paid a $20 dividend to VRIAC, its parent. During the years ended December 31, 2020, the Company did not receive capital contributions from our Parent. During the years ended December 31, 2019, the Company received capital contributions of $57 from our Parent. The Company is subject to minimum risk-based capital ("RBC") requirements established by the Department. The formulas for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital ("TAC"), as defined by the National Association of Insurance Commissioners ("NAIC"), to RBC requirements, as defined by the NAIC. The Company exceeded the minimum RBC requirements that would require any regulatory or corrective action for all periods presented herein. The Company is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the Department. Statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. Certain assets that are not admitted under statutory accounting principles are charged directly to surplus. Depending on the regulations of the Department, the entire amount or a portion of an insurance company's asset balance can be non-admitted depending on specific rules regarding admissibility. The most significant non-admitted assets of the Company are typically a portion of deferred tax assets in excess of prescribed thresholds. Statutory net income was $299, $325 and $377, for the years ended December 31, 2020, 2019 and 2018, respectively. Statutory capital and surplus was $2.0 billion as of December 31, 2020 and 2019.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Shareholder's equity included the following components of AOCI as of the dates indicated. December 31, 2020 2019 2018 Fixed maturities, net of impairment $ 3,430 $ 2,113 $ 127 Derivatives 73 117 140 DAC/VOBA and Sales inducements adjustments on available-for-sale securities (855) (551) (73) Premium deficiency reserve adjustment (434) (211) (51) Other 2 — — Unrealized capital gains (losses), before tax 2,216 1,468 143 Deferred income tax asset (liability) (337) (180) (39) Unrealized capital gains (losses), after tax 1,879 1,288 104 Pension and other postretirement benefits liability, net of tax 3 4 4 AOCI $ 1,882 $ 1,292 $ 108 (1) Gains and losses reported in AOCI from hedge transactions that resulted in the acquisition of an identified asset are reclassified into earnings in the same period or periods during which the asset acquired affects earnings. As of December 31, 2020, the portion of the AOCI that is expected to be reclassified into earnings within the next twelve months is $22. Changes in AOCI, including the reclassification adjustments recognized in the Consolidated Statements of Operations were as follows for the periods indicated: Year Ended December 31, 2020 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 1,309 $ (275) $ 1,034 Other 2 — 2 Impairments — — Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 8 (2) 6 DAC/VOBA and Sales inducements (302) (1) 63 (239) Premium deficiency reserve adjustment (224) 47 (177) Change in unrealized gains/losses on available-for-sale securities 793 (167) 626 Derivatives: Derivatives (22) (2) 5 (17) Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (23) 5 (18) Change in unrealized gains/losses on derivatives (45) 10 (35) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (1) (3) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in Other comprehensive income (loss) $ 747 $ (157) $ 590 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. Year Ended December 31, 2019 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 1,995 $ (419) $ 1,576 Other — — — Impairments 1 — 1 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations (11) 2 (9) DAC/VOBA and Sales inducements (479) (1) 100 (379) Premium deficiency reserve adjustment (160) 33 (127) Change in unrealized gains/(losses) on available-for-sale securities 1,346 (284) 1,062 Derivatives: Derivatives 1 (2) — 1 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (23) 5 (18) Change in unrealized gains/(losses) on derivatives (22) 5 (17) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (1) (3) 3 2 Change in pension and other postretirement benefits liability (1) 3 2 Change in Other comprehensive income (loss) $ 1,323 $ (276) $ 1,047 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. Year Ended December 31, 2018 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ (1,401) $ 299 (4) $ (1,102) Other (5) 1 (4) Impairments 8 (2) 6 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 69 (14) 55 DAC/VOBA and Sales inducements 360 (1) (76) 284 Premium deficiency reserve adjustment 64 (13) 51 Change in unrealized gains/losses on available-for-sale securities (905) 195 (710) Derivatives: Derivatives 40 (2) (8) 32 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (24) 5 (19) Change in unrealized gains/losses on derivatives 16 (3) 13 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (1) (3) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in Other comprehensive income (loss) $ (890) $ 192 $ (698) (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense (benefit) consisted of the following for the periods indicated: Year Ended December 31, 2020 2019 2018 Current tax expense (benefit): Federal $ 6 $ 9 $ 3 Total current tax expense 6 9 3 Deferred tax expense (benefit): Federal (20) 23 58 Total deferred tax expense (benefit) (20) 23 58 Total income tax expense (benefit) $ (14) $ 32 $ 61 Income taxes were different from the amount computed by applying the federal income tax rate to Income (loss) before income taxes for the following reasons for the periods indicated: Year Ended December 31, 2020 2019 2018 Income (loss) before income taxes $ 152 $ 332 $ 506 Tax rate 21.0 % 21.0 % 21.0 % Income tax expense (benefit) at federal statutory rate 32 70 106 Tax effect of: Dividends received deduction (37) (35) (49) Valuation allowance — — 9 Tax Attributes (8) (4) — Other (1) 1 (5) Income tax expense (benefit) $ (14) $ 32 $ 61 Effective tax rate (9.2) % 9.6 % 12.1 % Temporary Differences The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of the dates indicated, are presented below. December 31, 2020 2019 Deferred tax assets Insurance reserves $ 112 $ 107 Investments 9 23 Compensation and benefits 60 57 Other assets 35 34 Total gross assets 216 221 Deferred tax liabilities Net unrealized investment (gains) losses (645) (424) Deferred policy acquisition costs (10) (101) Total gross liabilities (655) (525) Net deferred income tax asset (liability) $ (439) $ (304) Valuation allowances are provided when it is considered more likely than not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2020 and 2019, the Company had no valuation allowance. However, the application of intra-period tax allocation rules to benefits associated with capital deferred tax assets resulted in a valuation allowance as of December 31, 2020 and 2019 of $128 and $128, respectively, in continuing operations, offset by a corresponding benefit in Other comprehensive income. Tax Sharing Agreement As of December 31, 2020 and 2019, the Company had a receivable from Voya Financial of $5 and $9, respectively, for federal income taxes under the intercompany tax sharing agreement. The results of the Company's operations are included in the consolidated tax return of Voya Financial. Generally, the Company's consolidated financial statements recognize the current and deferred income tax consequences that result from the Company's activities during the current and preceding periods pursuant to the provisions of Income Taxes (ASC 740) as if the Company were a separate taxpayer rather than a member of Voya Financial's consolidated income tax return group with the exception of any net operating loss carryforwards and capital loss carryforwards, which are recorded pursuant to the tax sharing agreement. If the Company instead were to follow a separate taxpayer approach without any exceptions, there would be no impact to income tax expense (benefit) for the periods indicated above. However, any current tax benefit related to the Company's tax attributes realized by virtue of its inclusion in the consolidated tax return of Voya Financial would have been recorded directly to equity rather than income. Under the tax sharing agreement, Voya Financial will pay the Company for the tax benefits of ordinary and capital losses only in the event that the consolidated tax group actually uses the tax benefit of losses generated. Unrecognized Tax Benefits The Company had no unrecognized tax benefits as of December 31, 2020 and December 31, 2019. Interest and Penalties The Company recognizes accrued interest and penalties related to unrecognized tax benefits in current income taxes and Income tax expense on the Consolidated Balance Sheets and the Consolidated Statements of Operations, respectively. The Company had no accrued interest as of December 31, 2020 and December 31, 2019. Tax Regulatory Matters For the tax years 2018 through 2020, Voya Financial, Inc. participated in the Internal Revenue Service ("IRS") Compliance Assurance Process ("CAP"), which is a continuous audit program provided by the IRS. The IRS finalized the audit of Voya Financial, Inc. for the period ended December 31, 2018. For the periods ended December 31, 2019 and December 31, 2020, the IRS has determined that Voya Financial, Inc. would be in the Compliance Maintenance Bridge ("Bridge") phase of CAP. In the Bridge phase, the IRS does not intend to conduct any review or provide any letters of assurance for the tax year. Tax Legislative Matters

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Defined Benefit Plan Voya Services Company sponsors the Voya Retirement Plan (the "Retirement Plan"). Substantially all employees of Voya Services Company and its affiliates (excluding certain employees) are eligible to participate, including the Company's employees other than Company agents. The Retirement Plan is a tax qualified defined benefit plan, the benefits of which are guaranteed (within certain specified legal limits) by the Pension Benefit Guaranty Corporation (“PBGC”). Beginning January 1, 2012, the Retirement Plan adopted a cash balance pension formula instead of a final average pay ("FAP") formula, allowing all eligible employees to participate in the Retirement Plan. Participants will earn an annual credit equal to 4% of eligible compensation. Interest is credited monthly based on a 30-year U.S. Treasury securities bond rate published by the Internal Revenue Service in the preceding August of each year. The accrued vested cash pension balance benefit is portable; participants can take it if they leave the Company. The costs allocated to the Company for its employees' participation in the Retirement Plan were $11, $11 and $11 for the years ended December 31, 2020, 2019 and 2018, respectively, and are included in Operating expenses in the Consolidated Statements of Operations. Defined Contribution Plan Voya Services Company sponsors the Voya Savings Plan (the "Savings Plan"). Substantially all employees of Voya Services Company and its affiliates (excluding certain employees, including but not limited to Career Agents) are eligible to participate, including the Company's employees other than Company agents. Career Agents are certain, full-time insurance salespeople who have entered into a career agent agreement with the Company and certain other individuals who meet specified eligibility criteria ("Career Agents"). The Savings Plan is a tax qualified defined contribution plan. Savings Plan benefits are not guaranteed by the PBGC. The Savings Plan allows eligible participants to defer into the Savings Plan a specified percentage of eligible compensation on a pre-tax basis. Voya Services Company matches such pre-tax contributions, up to a maximum of 6% of eligible compensation. Matching contributions are subject to a 4-year graded vesting schedule. Contributions made to the Savings Plan are subject to certain limits imposed by applicable law. The costs allocated to the Company for the Savings Plan were $17, $15 and $15, for the years ended December 31, 2020, 2019 and 2018, respectively, and are included in Operating expenses in the Consolidated Statements of Operations. Non-Qualified Retirement Plans The Company, in conjunction with Voya Services Company, offers certain eligible employees (other than Career Agents) a Supplemental Executive Retirement Plan and an Excess Plan (collectively, the "SERPs"). Benefit accruals under Aetna Financial Services SERPs ceased, effective as of December 31, 2001 and participants began accruing benefits under Voya Services SERPs. Benefits under the SERPs are determined based on an eligible employee's years of service and average annual compensation for the highest five years during the last ten years of employment. Effective January 1, 2012, the Supplemental Executive Retirement Plan was amended to coordinate with the amendment of the Retirement Plan from its current final average pay formula to a cash balance formula. The Company, in conjunction with Voya Services Company, sponsors the Pension Plan for Certain Producers of Voya Retirement Insurance and Annuity Company (the "Agents Non-Qualified Plan"). This plan covers Career Agents. The Agents Non-Qualified Plan was frozen effective January 1, 2002. In connection with the termination, all benefit accruals ceased and all accrued benefits were frozen. The SERPs and Agents Non-Qualified Plan are non-qualified defined benefit pension plans, which means all the SERPs benefits are payable from the general assets of the Company and Agents Non-Qualified Plan benefits are payable from the general assets of the Company and Voya Services Company. These non-qualified defined benefit pension plans are not guaranteed by the PBGC. Obligations and Funded Status The following table summarizes the benefit obligations for the SERPs and Agents Non-Qualified Plan as of December 31, 2020 and 2019: Year Ended December 31, 2020 2019 Change in benefit obligation: Benefit obligation, January 1 $ 82 $ 80 Interest cost 3 3 Benefits paid (6) (5) Actuarial (gains) losses on obligation 5 4 Benefit obligation, December 31 $ 84 $ 82 Amounts recognized on the Consolidated Balance Sheets in Other liabilities and in AOCI were as follows as of December 31, 2020 and 2019: December 31, 2020 2019 Accrued benefit cost $ (84) $ (82) Accumulated other comprehensive income (loss): Prior service cost (credit) — — Net amount recognized $ (84) $ (82) Assumptions The discount rate used in the measurement of the December 31, 2020 and 2019 benefit obligation for the SERPs and Agents Non-Qualified Plan, were as follows: 2020 2019 Discount rate 2.67 % 3.36 % In determining the discount rate assumption, the Company utilizes current market information provided by its plan actuaries, including a discounted cash flow analysis of the Company's pension obligation and general movements in the current market environment. The discount rate modeling process involves selecting a portfolio of high quality, noncallable bonds that will match the cash flows of the SERPs and Agents Non-Qualified Plan. The weighted-average discount rate used in calculating the net pension cost was as follows: 2020 2019 2018 Discount rate 3.36 % 4.46 % 3.85 % Since the benefit plans of the Company are unfunded, an assumption for return on plan assets is not required. Net Periodic Benefit Costs Net periodic benefit costs for the SERPs and Agents Non-Qualified Plan were as follows for the years ended December 31, 2020, 2019 and 2018: Year Ended December 31, 2020 2019 2018 Interest cost $ 3 $ 3 $ 3 Amortization of prior service cost (credit) — — (1) Net (gain) loss recognition 5 4 (4) Net periodic (benefit) cost $ 8 $ 7 $ (2) Expected Future Benefit Payments The following table summarizes the expected benefit payments related to the SERPs and Agents Non-Qualified Plan for the years indicated: 2021 $ 6 2022 6 2023 6 2024 6 2025 5 2026-2029 25 In 2021, the Company is expected to contribute $6 to the SERPs and Agents Non-Qualified Plan. Share Based Compensation Plans Certain employees of the Company participate in the 2013, 2014 and 2019 Omnibus Employee Incentive Plans ("the Omnibus Plans") sponsored by Voya Financial. The Omnibus Plans each permit the granting of a wide range of equity-based awards, including restricted stock units ("RSUs"), performance share units ("PSUs"), and stock options. The Company was allocated compensation expense from Voya Financial of $27, $31 and $29 for the years ended December 31, 2020, 2019 and 2018, respectively. The Company recognized tax benefits of $6, $7 and $6 for the years ended 2020, 2019 and 2018, respectively. All excess tax benefits and tax deficiencies related to share-based compensation are reported in Net Income. Other Benefit Plans In addition, the Company, in conjunction with Voya Services Company, sponsors the following benefit plans: • The Voya 401(k) Plan for VRIAC Agents, which allows participants to defer a specified percentage of eligible compensation on a pre-tax basis. Effective January 1, 2006, the Company match equals 60% of a participant's pre-tax deferral contribution, with a maximum of 6% of the participant's eligible pay. A request for a determination letter on the qualified status of the Voya 401(k) Plan for VRIAC Agents was filed with the IRS on January 1, 2014. A favorable determination letter was received dated August 28, 2014. • The Producers' Incentive Savings Plan, which allows participants to defer up to a specified portion of their eligible compensation on a pre-tax basis. The Company matches such pre-tax contributions at specified amounts. • The Producers' Deferred Compensation Plan, which allows participants to defer up to a specified portion of their eligible compensation on a pre-tax basis. • Certain health care and life insurance benefits for retired employees and their eligible dependents. The postretirement health care plan is contributory, with retiree contribution levels adjusted annually and the Company subsidizes a portion of the monthly per-participant premium. Prior to April 1, 2017, coverage for Medicare eligible retirees was provided through a fully insured Medicare Advantage plan. Effective April 1, 2017, the fully insured Medicare Advantage Plan was replaced with access to individual coverage through a private exchange. The Company's premium subsidy ended and was replaced with a monthly HRA contribution. The Company continues to offer access to medical coverage until retirees become eligible for Medicare. The life insurance plan provides a flat amount of noncontributory coverage and optional contributory coverage. • The Voya Financial Deferred Compensation Savings Plan, which is a non-qualified deferred compensation plan that includes a 401(k) excess component. The benefit charges incurred by the Company related to these plans were immaterial for the years ended December 31, 2020, 2019, and 2018.

Financing Agreements

Financing Agreements	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements Windsor Property Loan On June 16, 2007, the State of Connecticut acting on behalf of the Department of Economic and Community Development ("DECD") loaned VRIAC $0 (the "DECD Loan") in connection with the development of a corporate office facility located at One Orange Way, Windsor, Connecticut that serves as the principal executive offices of the Company (the "Windsor Property"). As of December 31, 2020 and 2019, the amount of the loan outstanding was $0, which is reflected in Other liabilities on the Consolidated Balance Sheets. In August 2017, the loan agreement between VRIAC and DECD was amended and $— in cash was transferred into the cash deposit account as cash collateral. VRIAC's monthly payments of principal and interest are processed out of the cash deposit account.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases All of the Company's expenses for leased and subleased office properties are paid for by an affiliate and allocated back to the Company, as all remaining operating leases were executed by Voya Services Company as of December 31, 2008, which resulted in the Company no longer being party to any operating leases. For the years ended December 31, 2020, 2019 and 2018, rent expense for leases was $5, $5 and $5, respectively. Commitments Through the normal course of investment operations, the Company commits to either purchase or sell securities, mortgage loans, or money market instruments, at a specified future date and at a specified price or yield. The inability of counterparties to honor these commitments may result in either a higher or lower replacement cost. Also, there is likely to be a change in the value of the securities underlying the commitments. As of December 31, 2020 the Company had off-balance sheet commitments to acquire mortgage loans of $50 and purchase limited partnerships and private placement investments of $565. Restricted Assets The Company is required to maintain assets on deposit with various regulatory authorities to support its insurance operations. The Company may also post collateral in connection with certain securities lending, repurchase agreements, funding agreement, letter of credit ("LOC") and derivative transactions as described further in this note. The components of the fair value of the restricted assets were as follows as of the dates indicated: December 31, 2020 2019 Fixed maturity collateral pledged to FHLB (1) $ 997 $ 1,087 FHLB restricted stock (2) 44 44 Other fixed maturities-state deposits 14 14 Cash and cash equivalents 4 5 Securities pledged (3) 220 828 Total restricted assets $ 1,279 $ 1,978 (1) Included in Fixed maturities, available for sale, at fair value, on the Consolidated Balance Sheets. (2) Included in Other investments on the Consolidated Balance Sheets. (3) Includes the fair value of loaned securities of $143 and $715 as of December 31, 2020 and 2019, respectively. In addition, as of December 31, 2020 and 2019, the Company delivered securities as collateral of $77 and $113, respectively. Loaned securities and securities delivered as collateral are included in Securities pledged on the Consolidated Balance Sheets. Federal Home Loan Bank Funding On January 18, 2018, the Company became a member of the Federal Home Loan Bank of Boston (“FHLB”). The Company is required to pledge collateral to back funding agreements issued to the FHLB. As of December 31, 2020, the Company had $795 in non-putable funding agreements, which are included in Future policy benefits and contract owner account balances on the Consolidated Balance sheets. As of December 31, 2020, assets with a market value of approximately $997 collateralized the FHLB funding agreements. Assets pledged to the FHLB are included in Fixed maturities, available for sale, at fair value on the Consolidated Balance Sheets. Litigation, Regulatory Matters and Loss Contingencies Litigation, regulatory and other loss contingencies arise in connection with the Company's activities as a diversified financial services firm. The Company is a defendant in a number of litigation matters arising from the conduct of its business, both in the ordinary course and otherwise. In some of these matters, claimants seek to recover very large or indeterminate amounts, including compensatory, punitive, treble and exemplary damages. Modern pleading practice in the U.S. permits considerable variation in the assertion of monetary damages and other relief. Claimants are not always required to specify the monetary damages they seek or they may be required only to state an amount sufficient to meet a court's jurisdictional requirements. Moreover, some jurisdictions allow claimants to allege monetary damages that far exceed any reasonably possible verdict. The variability in pleading requirements and past experience demonstrates that the monetary and other relief that may be requested in a lawsuit or claim often bears little relevance to the merits or potential value of a claim. Litigation against the Company includes a variety of claims including negligence, breach of contract, fraud, violation of regulation or statute, breach of fiduciary duty, negligent misrepresentation, failure to supervise, elder abuse and other torts. As with other financial services companies, the Company periodically receives informal and formal requests for information from various state and federal governmental agencies and self-regulatory organizations in connection with inquiries and investigations of the products and practices of the Company or the financial services industry. It is the practice of the Company to cooperate fully in these matters. The outcome of a litigation or regulatory matter is difficult to predict and the amount or range of potential losses associated with these or other loss contingencies requires significant management judgment. It is not possible to predict the ultimate outcome or to provide reasonably possible losses or ranges of losses for all pending regulatory matters, litigation and other loss contingencies. While it is possible that an adverse outcome in certain cases could have a material adverse effect upon the Company's financial position, based on information currently known, management believes that neither the outcome of pending litigation and regulatory matters, nor potential liabilities associated with other loss contingencies, are likely to have such an effect. However, given the large and indeterminate amounts sought in certain litigation and the inherent unpredictability of all such matters, it is possible that an adverse outcome in certain of the Company's litigation or regulatory matters, or liabilities arising from other loss contingencies, could, from time to time, have a material adverse effect upon the Company's results of operations or cash flows in a particular quarterly or annual period. For some matters, the Company is able to estimate a possible range of loss. For such matters in which a loss is probable, an accrual has been made. For matters where the Company, however, believes a loss is reasonably possible, but not probable, no accrual is required. For matters for which an accrual has been made, but there remains a reasonably possible range of loss in excess of the amounts accrued or for matters where no accrual is required, the Company develops an estimate of the unaccrued amounts of the reasonably possible range of losses. As of December 31, 2020, the Company estimates the aggregate range of reasonably possible losses, in excess of any amounts accrued for these matters as of such date, not material to the Company. For other matters, the Company is currently not able to estimate the reasonably possible loss or range of loss. The Company is often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the range of possible loss, such as quantification of a damage demand from plaintiffs, discovery from plaintiffs and other parties, investigation of factual allegations, rulings by a court on motions or appeals, analysis by experts and the progress of settlement discussions. On a quarterly and annual basis, the Company reviews relevant information with respect to litigation and regulatory contingencies and updates the Company's accruals, disclosures and reasonably possible losses or ranges of loss based on such reviews. Finally, industry wide, life insurers continue to be exposed to class action litigation related to the cost of insurance rates and periodic deductions from cash value. Common allegations include that insurance companies have breached the terms of their universal life insurance policies by establishing or increasing the cost of insurance rates using cost factors not permitted by the contract, thereby unjustly enriching themselves. This litigation is generally known as cost of insurance litigation.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Operating Agreements VRIAC has certain agreements whereby it generates revenues and incurs expenses with affiliated entities. The agreements are as follows: • Investment Advisory agreement with Voya Investment Management LLC ("VIM"), an affiliate, in which VIM provides asset management, administrative and accounting services for VRIAC's general account. VRIAC incurs a fee, which is paid quarterly, based on the value of the assets under management. For the years ended December 31, 2020, 2019 and 2018, expenses were incurred in the amounts of $73, $68 and $65, respectively. • Services agreements with Voya Services Company and other insurance and non-insurance company affiliates for administrative, management, financial and information technology services. For the years ended December 31, 2020, 2019 and 2018, expenses were incurred in the amounts of $458, $443 and $379, respectively. • Intercompany agreement with VIM, as amended pursuant to which VIM agreed, effective January 1, 2010, to pay the Company, on a monthly basis, a portion of the revenues VIM earns as investment adviser to certain U.S. registered investment companies that are investment options under certain of the Company's variable insurance products. For the years ended December 31, 2020, 2019 and 2018, revenue under the VIM intercompany agreement was $57, $59 and $63, respectively. • Variable annuity, fixed insurance and mutual fund products issued by VRIAC are sold by Voya Financial Advisors, an affiliate of VRIAC. For the years ended December 31, 2020, 2019 and 2018 commission expenses incurred by VRIAC were $81, $82 and $79, respectively. Management and service contracts and all cost sharing arrangements with other affiliated companies are allocated in accordance with the Company's expense and cost allocation methods. Revenues and expenses recorded as a result of transactions and agreements with affiliates may not be the same as those incurred if the Company was not a wholly owned subsidiary of its Parent. As disclosed in the Business, Basis of Presentation and Significant Accounting Policies Note to these Consolidated Financial Statements, DSL was divested as part of the 2018 Transaction. DSL had certain intercompany agreements whereby it generated revenues and expenses with affiliated entities related to underwriting, distribution, investment advisory and administrative services. For the years ended December 31, 2018, commissions were collected in the amount of $69 and paid in turn to broker-dealers. In addition, for the years ended December 31, 2018, revenues earned and expenses incurred were $27 and $26, respectively. Reinsurance Agreements In March 2020, the Company recaptured an automatic reinsurance agreement entered into in 2012 with its affiliate, SLDI, to manage the reserve and capital requirements in connection with a portion of its deferred annuities business. Under the terms of the agreement, the Company reinsured to SLDI, on an indemnity reinsurance basis, a quota share of its liabilities on certain contracts. The agreement was accounted for under the deposit method. As of December 31, 2019, the Company had deposit assets of $36 and deposit liabilities of $76, related to this agreement which were included in Other assets and Other liabilities, respectively on the Consolidated Balance Sheet, The recapture resulted in a loss of $20 that was recorded in the Consolidated Statements of Operations for the year ended December 31, 2020. Additionally, VRIAC entered in 2014 into a coinsurance agreement with Langhorne I, LLC ("Langhorne"), an affiliated captive reinsurance company, to manage reserve and capital requirements in connection with a portion of its Stabilizer and Managed Custody Guarantee business. Effective January 1, 2018, the Company recaptured the coinsurance agreement and recorded a $74 pre-tax gain on the recapture which was reported in Operating expenses in the Consolidated Statement of Operations for the year ended December 31, 2018. Investment Advisory and Other Fees VFP acts as a distributor of insurance products issued by its affiliates, which may in turn invest in mutual funds products issued by certain of its affiliates. For each of the years ended December 31, 2020, 2019 and 2018, distribution revenues received by VFP related to affiliated mutual fund products were $26, $27, and $27. Financing Agreements Reciprocal Loan Agreement The Company maintains a reciprocal loan agreement with Voya Financial, an affiliate, to facilitate the handling of unanticipated short-term cash requirements that arise in the ordinary course of business. Under this agreement, which became effective in June 2001 and expires on April 1, 2021, either party can borrow from the other up to 3.0% of the Company's statutory admitted assets as of the preceding December 31. During the years ended December 31, 2020, 2019, and 2018, interest on any borrowing by either the Company or Voya Financial was charged at a rate based on the prevailing market rate for similar third-party borrowings for securities. Under this agreement, the Company incurred and earned immaterial interest expense and interest income of $5, $2 and $0 for the years ended December 31, 2020, 2019 and 2018. Interest expense and income are included in Operating expenses and Net investment income, respectively, in the Consolidated Statements of Operations. As of December 31, 2020, the Company had an outstanding receivable of $653 and VIPS had a $7 outstanding payable. As of December 31, 2019, the Company had an outstanding receivable of $69 and no outstanding payable from/to Voya Financial under the reciprocal loan agreement. Note with Affiliate On December 29, 2004, VIAC issued a surplus note in the principal amount of $175 (the "Note") scheduled to mature on December 29, 2034, to VRIAC. The Note bears interest at a rate of 6.26% per year. Interest is scheduled to be paid semi-annually in arrears on June 29 and December 29 of each year, commencing on June 29, 2005. For the year ended December 31, 2020 and 2019, the Company earned no affiliate interest income on this Note. Interest income was $5 for the years ended December 31, 2018. As of June 1, 2018, VIAC ceased to be an affiliate of the Company following the closing of the 2018 Transaction as disclosed in the Business, Basis of Presentation and Significant Accounting Policies Note to these Consolidated Financial Statements. The investment in surplus notes is reported in Fixed maturities, available-for-sale on the Company's Consolidated Balance Sheet as of December 31, 2020 and 2019.

Schedule I. Summary of Investme

Schedule I. Summary of Investments	12 Months Ended
	Dec. 31, 2020
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Schedule I Summary of Investments - Other Than Investments in Affiliates	Voya Retirement Insurance and Annuity Company (A wholly owned subsidiary of Voya Holdings Inc.) Schedule I Summary of Investments – Other than Investments in Affiliates As of December 31, 2020 (In millions) Type of Investments Cost Fair Value Amount Shown on Consolidated Balance Sheets Fixed maturities U.S. Treasuries $ 535 $ 721 $ 721 U.S. Government agencies and authorities 18 19 19 State, municipalities and political subdivisions 698 814 814 U.S. corporate public securities 7,632 9,156 9,156 U.S. corporate private securities 3,870 4,379 4,379 Foreign corporate public securities and foreign governments (1) 2,539 2,951 2,951 Foreign corporate private securities (1) 2,991 3,303 3,303 Residential mortgage-backed securities 4,071 4,237 4,237 Commercial mortgage-backed securities 2,712 2,893 2,893 Other asset-backed securities 1,500 1,520 1,520 Total fixed maturities, including securities pledged 26,566 29,993 29,993 Equity securities — — 116 Mortgage loans on real estate 4,694 5,013 4,627 Policy loans 187 187 187 Short-term investments 17 17 17 Limited partnerships/corporations 815 815 815 Derivatives 30 145 145 Other investments 43 43 43 Total investments $ 32,352 $ 36,213 $ 35,943 (1) Primarily U.S. dollar denominated.

Schedule IV - Reinsurance Infor

Schedule IV - Reinsurance Information	12 Months Ended
	Dec. 31, 2020
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Schedule IV - Reinsurance Information	Voya Retirement Insurance and Annuity Company and Subsidiaries (A wholly owned subsidiary of Voya Holdings Inc.) Schedule IV Reinsurance Years Ended December 31, 2020, 2019 and 2018 (In millions) Gross Ceded Assumed Net Percentage Year Ended December 31, 2020 Life insurance in force $ 7,540 $ 7,733 $ 193 $ — NM** Premiums: Accident and health insurance — — — — * — % Annuity contracts 32 — — 32 — % Total premiums $ 32 $ — $ — $ 32 — % Year Ended December 31, 2019 Life insurance in force $ 8,201 $ 8,410 $ 209 $ — NM** Premiums: Accident and health insurance — * — * — — * — % Annuity contracts 31 — — 31 — % Total premiums $ 31 $ — * $ — $ 31 — % Year Ended December 31, 2018 Life insurance in force $ 8,974 $ 9,202 $ 228 $ — NM** Premiums: Accident and health insurance — * — * — — * — % Annuity contracts 41 — — 41 — % Total premiums $ 41 $ — * $ — $ 41 — % * Less than $1 ** Not meaningful

Business, Basis of Presentati_2

Business, Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP").
Estimates and Assumptions	Significant Accounting Policies Estimates and Assumptions 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 disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Those estimates are inherently subject to change and actual results could differ from those estimates. The Company has identified the following accounts and policies as the most significant in that they involve a higher degree of judgment, are subject to a significant degree of variability and/or contain significant accounting estimates: • Reserves for future policy benefits; • Deferred policy acquisition costs ("DAC") and value of business acquired ("VOBA"); • Valuation of investments and derivatives; • Impairments; • Income taxes; and
Fair Value Measurement	Fair Value MeasurementThe Company measures the fair value of its financial assets and liabilities based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset, or nonperformance risk, including the Company's own credit risk. The estimate of fair value is the price that would be received to sell an asset or transfer a liability ("exit price") in an orderly transaction between market participants in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability. The Company uses a number of valuation sources to determine the fair values of its financial assets and liabilities, including quoted market prices, third-party commercial pricing services, third-party brokers, industry-standard, vendor-provided software that models the value based on market observable inputs, and other internal modeling techniques based on projected cash flows.
Investments	Investments The accounting policies for the Company's principal investments are as follows: Fixed Maturities and Equity Securities : The Company measures its equity securities at fair value and recognizes any changes in fair value in net income. The Company's fixed maturities are currently designated as available-for-sale, except those accounted for using the fair value option ("FVO"). Available-for-sale securities are reported at fair value and unrealized capital gains (losses) on these securities are recorded directly in AOCI and presented net of related changes in DAC, VOBA and Deferred income taxes. In addition, certain fixed maturities have embedded derivatives, which are reported with the host contract on the Consolidated Balance Sheets. In connection with funds withheld reinsurance treaties, the Company has elected the FVO for certain of its fixed maturities to better match the measurement of those assets and related embedded derivative liabilities in the Consolidated Statements of Operations. Certain collateralized mortgage obligations ("CMOs"), primarily interest-only and principal-only strips, are accounted for as hybrid instruments and valued at fair value with changes in the fair value recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Changes in fair value associated with derivatives purchased to hedge CMOs are also recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Purchases and sales of fixed maturities and equity securities, excluding private placements, are recorded on the trade date. Purchases and sales of private placements and mortgage loans are recorded on the closing date. Investment gains and losses on sales of securities are generally determined on a first-in-first-out ("FIFO") basis. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Dividends on equity securities are recorded when declared. Such dividends and interest income are recorded in Net investment income in the Consolidated Statements of Operations. Included within fixed maturities are loan-backed securities, including residential mortgage-backed securities ("RMBS"), commercial mortgage-backed securities ("CMBS") and asset-backed securities ("ABS"). Amortization of the premium or discount from the purchase of these securities considers the estimated timing and amount of prepayments of the underlying loans. Actual prepayment experience is periodically reviewed and effective yields are recalculated when differences arise between the prepayments originally anticipated and the actual prepayments received and currently anticipated. Prepayment assumptions for single-class and multi-class mortgage-backed securities ("MBS") and ABS are estimated by management using inputs obtained from third-party specialists, including broker-dealers, and based on management's knowledge of the current market. For prepayment-sensitive securities such as interest-only and principal-only strips, inverse floaters and credit-sensitive MBS and ABS securities, which represent beneficial interests in securitized financial assets that are not of high credit quality or that have been credit impaired, the effective yield is recalculated on a prospective basis. For all other MBS and ABS, the effective yield is recalculated on a retrospective basis. Short-term Investments : Short-term investments include investments with remaining maturities of one year or less, but greater than three months, at the time of purchase. These investments are stated at fair value. Mortgage Loans on Real Estate : The Company's mortgage loans on real estate are all commercial mortgage loans, which are reported at amortized cost, net of allowance for credit losses. Amortized cost is the principal balance outstanding, net of deferred loan fees and costs. Accrued interest receivable is reported in Accrued investment income on the Consolidated Balance Sheets. Mortgage loans are evaluated by the Company's investment professionals, including an appraisal of loan-specific credit quality, property characteristics and market trends. Loan performance is continuously monitored on a loan-specific basis throughout the year. The Company's review includes submitted appraisals, operating statements, rent revenues and annual inspection reports, among other items. This review evaluates whether the properties are performing at a consistent and acceptable level to secure the debt. Management estimates the credit loss allowance balance using a factor-based method of probability of default and loss given default which incorporates relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Included in the factor-based method are the consideration of debt type, capital market factors, and market vacancy rates, and loan-specific risk characteristics such as debt service coverage ratios (“DSC”), loan-to-value (“LTV”), collateral size, seniority of the loan, segmentation, and property types. The allowance for credit losses is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. The change in the allowance for credit losses is recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Loans are written off against the allowance when management believes the uncollectability of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously written-off and expected to be written-off. Mortgages are rated for the purpose of quantifying the level of risk. Those loans with higher risk are placed on a watch list and are closely monitored for collateral deficiency or other credit events that may lead to a potential loss of principal or interest. The Company defines delinquent mortgage loans consistent with industry practice as 60 days past due. Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended. Factors considered may include conversations with the borrower, loss of major tenant, bankruptcy of borrower or major tenant, decreased property cash flow, number of days past due, or various other circumstances. Based on an assessment as to the collectability of the principal, a determination is made either to apply against the book value or apply according to the contractual terms of the loan. Funds recovered in excess of book value would then be applied to recover expenses, impairments, and then interest. Accrual of interest resumes after factors resulting in doubts about collectability have improved. For those mortgages that are determined to require foreclosure, expected credit losses are based on the fair value of the underlying collateral, net of estimated costs to obtain and sell at the point of foreclosure. Property obtained from foreclosed mortgage loans is recorded in Other investments on the Consolidated Balance Sheets. Policy Loans : Policy loans are carried at an amount equal to the unpaid balance. Interest income on such loans is recorded as earned in Net investment income using the contractually agreed upon interest rate. Generally, interest is capitalized on the policy's anniversary date. Valuation allowances are not established for policy loans, as these loans are collateralized by the cash surrender value of the associated insurance contracts. Any unpaid principal or interest on the loan is deducted from the account value or the death benefit prior to settlement of the policy. Limited Partnerships/Corporations : The Company uses the equity method of accounting for investments in limited partnership interests, which consist primarily of private equity and hedge funds. Generally, the Company records its share of earnings using a lag methodology, relying on the most recent financial information available, generally not to exceed three months. The Company's earnings from limited partnership interests accounted for under the equity method are recorded in Net investment income. Securities Pledged : The Company engages in securities lending whereby certain securities from its portfolio are loaned to other institutions, through a lending agent, for short periods of time. The Company has the right to approve any institution with whom the lending agent transacts on its behalf. Initial collateral, primarily cash, is required at a rate of 102% of the market value of the loaned securities. The lending agent retains the collateral and invests it in short-term liquid assets on behalf of the Company. The market value of the loaned securities is monitored on a daily basis with additional collateral obtained or refunded as the market value of the loaned securities fluctuates. The lending agent indemnifies the Company against losses resulting from the failure of a counterparty to return securities pledged where collateral is insufficient to cover the loss. Impairments The Company evaluates its available-for-sale general account investments quarterly to determine whether a decline in fair value below the amortized cost basis has resulted from credit loss or other factors. This evaluation process entails considerable judgment and estimation. Factors considered in this analysis include, but are not limited to, the extent to which the fair value has been less than amortized cost, the issuer's financial condition and near-term prospects, future economic conditions and market forecasts, interest rate changes and changes in ratings of the security. A severe unrealized loss position on a fixed maturity may not have any impact on: (a) the ability of the issuer to service all scheduled interest and principal payments and (b) the evaluation of recoverability of all contractual cash flows or the ability to recover an amount at least equal to its amortized cost based on the present value of the expected future cash flows to be collected. When assessing the Company's intent to sell a security, or if it is more likely than not it will be required to sell a security before recovery of its amortized cost basis, management evaluates facts and circumstances such as, but not limited to, decisions to rebalance the investment portfolio and sales of investments to meet cash flow or capital needs. When the Company has determined it has the intent to sell, or if it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis, and the fair value has declined below amortized cost ("intent impairment"), management evaluates facts and circumstances such as, but not limited to, the individual security is written down from amortized cost to fair value, and a corresponding charge is recorded in Net realized capital gains (losses) in the Consolidated Statements of Operations as Impairments. For available-for-sale securities that do not meet the intent impairment criteria but the Company has determined that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss allowance is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in Other comprehensive income (loss). The Company uses the following methodology and significant inputs in determining whether a credit loss exists: • When determining collectability and the period over which the value is expected to recover for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company applies the same considerations utilized in its overall impairment evaluation process, which incorporates information regarding the specific security, the industry and geographic area in which the issuer operates and overall macroeconomic conditions. Projected future cash flows are estimated using assumptions derived from the Company's best estimates of likely scenario-based outcomes, after giving consideration to a variety of variables that includes, but is not limited to: general payment terms of the security; the likelihood that the issuer can service the scheduled interest and principal payments; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; possible corporate restructurings or asset sales by the issuer; and changes to the rating of the security or the issuer by rating agencies. • Additional considerations are made when assessing the unique features that apply to certain structured securities, such as subprime, Alt-A, non-agency RMBS, CMBS and ABS. These additional factors for structured securities include, but are not limited to: the quality of underlying collateral; expected prepayment speeds; loan-to-value ratios; debt service coverage ratios; current and forecasted loss severity; consideration of the payment terms of the underlying assets backing a particular security; and the payment priority within the tranche structure of the security. • When determining the amount of the credit loss for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company considers the estimated fair value as the recovery value when available information does not indicate that another value is more appropriate. When information is identified that indicates a recovery value other than estimated fair value, the Company considers in the determination of recovery value the same considerations utilized in its overall impairment evaluation process, which incorporates available information and the Company's best estimate of scenario-based outcomes regarding the specific security and issuer; possible corporate restructurings or asset sales by the issuer; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; fundamentals of the industry and geographic area in which the security issuer operates; and the overall macroeconomic conditions. • The Company performs a discounted cash flow analysis comparing the current amortized cost of a security to the present value of future cash flows expected to be received, including estimated defaults and prepayments. The discount rate is generally the effective interest rate of the fixed maturity prior to impairment. Changes in the allowance for credit losses are recorded in Net realized capital gains (losses) as Impairments in the Consolidated Statements of Operations. Losses are charged against the allowance when the Company believes the uncollectability of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale securities is excluded from the estimate of credit losses.
Derivatives	Derivatives The Company's use of derivatives is limited mainly to economic hedging to reduce the Company's exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, exchange rate risk and market risk. It is the Company's policy not to offset amounts recognized for derivative instruments and amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement, which provides the Company with the legal right of offset. However, in accordance with the Chicago Mercantile Exchange ("CME") rules related to the variation margin payments, the Company is required to adjust the derivative balances with the variation margin payments related to its cleared derivatives executed through CME. The Company enters into interest rate, equity market, credit default and currency contracts, including swaps, futures, forwards, caps, floors and options, to reduce and manage various risks associated with changes in value, yield, price, cash flow or exchange rates of assets or liabilities held or intended to be held, or to assume or reduce credit exposure associated with a referenced asset, index or pool. The Company also utilizes options and futures on equity indices to reduce and manage risks associated with its annuity products. Derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. Changes in the fair value of derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge as either (a) a hedge of the exposure to changes in the estimated fair value of a recognized asset or liability or an identified portion thereof that is attributable to a particular risk ("fair value hedge") or (b) a hedge of a forecasted transaction or of the variability of cash flows that is attributable to interest rate risk to be received or paid related to a recognized asset or liability ("cash flow hedge"). In this documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument's effectiveness and the method that will be used to measure ineffectiveness. A derivative designated as a hedging instrument must be assessed as being highly effective in offsetting the designated risk of the hedged item. Hedge effectiveness is formally assessed at inception and periodically throughout the life of the designated hedging relationship. • Fair Value Hedge : For derivative instruments that are designated and qualify as a fair value hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is recorded in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. • Cash Flow Hedge : For derivative instruments that are designated and qualify as a cash flow hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is reported as a component of AOCI. Those amounts are subsequently reclassified to earnings when the hedged item affects earnings, and are reported in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. Even if a derivative qualifies for hedge accounting treatment, there may be an element of ineffectiveness of the hedge. The ineffective portion of a hedging relationship subject to hedge accounting is recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations. When hedge accounting is discontinued because it is determined that the derivative is no longer expected to be highly effective in offsetting changes in the estimated fair value or cash flows of a hedged item, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with subsequent changes in estimated fair value recognized currently in Other net realized capital gains (losses). The carrying value of the hedged asset or liability under a fair value hedge is no longer adjusted for changes in its estimated fair value due to the hedged risk, and the cumulative adjustment to its carrying value is amortized into income over the remaining life of the hedged item. Provided the hedged forecasted transaction is still probable of occurrence, the changes in estimated fair value of derivatives recorded in Other comprehensive income (loss) related to discontinued cash flow hedges are released into the Consolidated Statements of Operations when the Company's earnings are affected by the variability in cash flows of the hedged item. When hedge accounting is discontinued because it is no longer probable that the forecasted transactions will occur on the anticipated date, or within two months of that date, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with changes in estimated fair value recognized currently in Other net realized capital gains (losses). Derivative gains and losses recorded in Other comprehensive income (loss) pursuant to the discontinued cash flow hedge of a forecasted transaction that is no longer probable are recognized immediately in Other net realized capital gains (losses). The Company also has investments in certain fixed maturities and has issued certain annuity products that contain embedded derivatives for which fair value is at least partially determined by levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity markets or credit ratings/spreads. Embedded derivatives within fixed maturities are included with the host contract on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Embedded derivatives within certain annuity products are included in Future policy benefits and contract owner account balances on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and other highly liquid investments, such as money market instruments and debt instruments with maturities of three months or less at the time of purchase. Cash and cash equivalents are stated at fair value.
Deferred Policy Acquisition Costs and Value of Business Acquired	Deferred Policy Acquisition Costs and Value of Business Acquired DAC represents policy acquisition costs that have been capitalized and are subject to amortization and interest. Capitalized costs are incremental, direct costs of contract acquisition and certain other costs related directly to successful acquisition activities. Such costs consist principally of commissions, underwriting, sales and contract issuance and processing expenses directly related to the successful acquisition of new and renewal business. Indirect or unsuccessful acquisition costs, maintenance, product development and overhead expenses are charged to expense as incurred. VOBA represents the outstanding value of in-force business acquired and is subject to amortization and interest. The value is based on the present value of estimated net cash flows embedded in the insurance contracts at the time of the acquisition and increased for subsequent deferrable expenses on purchased policies. DAC and VOBA are adjusted for the impact of unrealized capital gains (losses) on investments, as if such gains (losses) have been realized, with corresponding adjustments included in AOCI. Amortization Methodologies The Company amortizes DAC and VOBA related to fixed and variable deferred annuity contracts over the estimated lives of the contracts in relation to the emergence of estimated gross profits. Assumptions as to mortality, persistency, interest crediting rates, fee income, returns associated with separate account performance, impact of hedge performance, expenses to administer the business and certain economic variables, such as inflation, are based on the Company's experience and overall capital markets. At each valuation date, estimated gross profits are updated with actual gross profits, and the assumptions underlying future estimated gross profits are evaluated for continued reasonableness. Adjustments to estimated gross profits require that amortization rates be revised retroactively to the date of the contract issuance ("unlocking"). Recoverability testing is performed for current issue year products to determine if gross profits are sufficient to cover DAC and VOBA, estimated benefits and related expenses. In subsequent years, the Company performs testing to assess the recoverability of DAC and VOBA on an annual basis, or more frequently if circumstances indicate a potential loss recognition issue exists. If DAC or VOBA are not deemed recoverable from future gross profits, charges will be applied against DAC or VOBA balances before an additional reserve is established. Internal Replacements Contract owners may periodically exchange one contract for another, or make modifications to an existing contract. These transactions are identified as internal replacements. Internal replacements that are determined to result in substantially unchanged contracts are accounted for as continuations of the replaced contracts. Any costs associated with the issuance of the new contracts are considered maintenance costs and expensed as incurred. Unamortized DAC and VOBA related to the replaced contracts continue to be deferred and amortized in connection with the new contracts. Internal replacements that are determined to result in contracts that are substantially changed are accounted for as extinguishments of the replaced contracts, and any unamortized DAC and VOBA related to the replaced contracts are written off to Net amortization of Deferred policy acquisition costs and Value of business acquired in the Consolidated Statements of Operations. Assumptions Changes in assumptions can have a significant impact on DAC and VOBA balances, amortization rates, reserve levels, and results of operations. Assumptions are management's best estimate of future outcome. Several assumptions are considered significant in the estimation of gross profits associated with the Company's variable products. One significant assumption is the assumed return associated with the variable account performance. To reflect the volatility in the equity markets, this assumption involves a combination of near-term expectations and long-term assumptions regarding market performance. The overall return on the variable account is dependent on multiple factors, including the relative mix of the underlying sub-accounts among bond funds and equity funds, as well as equity sector weightings. The Company uses a reversion to the mean approach, which assumes that the market returns over the entire mean reversion period are consistent with a long-term level of equity market appreciation. The Company monitors market events and only changes the assumption when sustained deviations are expected. This methodology incorporates a 9% long-term equity return assumption, a 14% cap and a five-year look-forward period. Other significant assumptions used in the estimation of gross profits for products with credited rates include interest rate spreads and credit losses. Estimated gross profits of variable annuity contracts are sensitive to estimated policyholder behavior assumptions, such as surrender, lapse and annuitization rates.
Future Policy Benefits and Contract Owner Accounts	Future Policy Benefits and Contract Owner Account Balances Future Policy Benefits The Company establishes and carries actuarially-determined reserves that are calculated to meet its future obligations, including estimates of unpaid claims and claims that the Company believes have been incurred but have not yet been reported as of the balance sheet date. The principal assumptions used to establish liabilities for future policy benefits are based on Company experience and periodically reviewed against industry standards. These assumptions include mortality, morbidity, policy lapse, contract renewal, payment of subsequent premiums or deposits by the contract owner, retirement, investment returns, inflation, benefit utilization and expenses. Changes in, or deviations from, the assumptions used can significantly affect the Company's reserve levels and related results of operations. Reserves for payout contracts with life contingencies are equal to the present value of expected future payments. Assumptions as to interest rates, mortality and expenses are based on the Company's estimates of anticipated experience at the period the policy is sold or acquired, including a provision for adverse deviation. Such assumptions generally vary by annuity plan type, year of issue and policy duration. Interest rates used to calculate the present value of future benefits ranged from 2.3% to 5.3%. Although assumptions are "locked-in" upon the issuance of payout contracts with life contingencies, significant changes in experience or assumptions may require the Company to provide for expected future losses on a product by establishing premium deficiency reserves. Premium deficiency reserves are determined based on best estimate assumptions that exist at the time the premium deficiency reserve is established and do not include a provision for adverse deviation. Contract Owner Account Balances Contract owner account balances relate to investment-type contracts, as follows: • Account balances for funding agreements with fixed maturities are calculated using the amount deposited with the Company, less withdrawals, plus interest accrued to the ending valuation date. Interest on these contracts is accrued by a predetermined index, plus a spread or a fixed rate, established at the issue date of the contract. • Account balances for fixed annuities and payout contracts without life contingencies are equal to cumulative deposits, less charges and withdrawals, plus credited interest thereon. Credited interest rates vary by product and ranged up to 4.3% for the year 2020, and 5.3% for the years 2019 and 2018. Account balances for group immediate annuities without life contingent payouts are equal to the discounted value of the payment at the implied break-even rate.
Product Guarantees and Additional Reserves	Product Guarantees and Additional Reserves The Company calculates additional reserve liabilities for certain variable annuity guaranteed benefits and variable funding products. The Company periodically evaluates its estimates and adjusts the additional liability balance, with a related charge or credit to benefit expense, if actual experience or other evidence suggests that earlier assumptions should be revised. Changes in, or deviations from, the assumptions used can significantly affect the Company's reserve levels and related results of operations. GMDB : Reserves for annuity guaranteed minimum death benefits ("GMDB") are determined by estimating the value of expected benefits in excess of the projected account balance and recognizing the excess ratably over the accumulation period based on total expected assessments. Expected experience is based on a range of scenarios. Assumptions used, such as the long-term equity market return, lapse rate and mortality, are consistent with assumptions used in estimating gross profits for the purpose of amortizing DAC. The assumptions of investment performance and volatility are consistent with the historical experience of the appropriate underlying equity index, such as the Standard & Poor's ("S&P") 500 Index. Reserves for GMDB are recorded in Future policy benefits and contract owner account balances on the Consolidated Balance Sheets. Changes in reserves for GMDB are reported in Interest credited and other benefits to contract owners/policyholders in the Consolidated Statements of Operations. FIA : The Company issued FIA contracts that contain embedded derivatives that are measured at estimated fair value separately from the host contracts. Such embedded derivatives are recorded in Future policy benefits and contract owner account balances on the Consolidated Balance Sheets. Changes in estimated fair value, that are not related to attributed fees or premiums collected or payments made, are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. The estimated fair value of the embedded derivative in the FIA contracts is based on the present value of the excess of interest payments to the contract owners over the growth in the minimum guaranteed contract value. The excess interest payments are determined as the excess of projected index driven benefits over the projected guaranteed benefits. The projection horizon is over the anticipated life of the related contracts, which takes into account best estimate actuarial assumptions, such as partial withdrawals, full surrenders, deaths, annuitizations and maturities. Stabilizer and MCG : Guaranteed credited rates give rise to an embedded derivative in the Stabilizer products and a stand-alone derivative for managed custody guarantee products ("MCG"). These derivatives are measured at estimated fair value and recorded in Future policy benefits and contract owner account balances on the Consolidated Balance Sheets. Changes in estimated fair value, that are not related to attributed fees collected or payments made, are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. The estimated fair value of the Stabilizer embedded derivative and MCG stand-alone derivative is determined based on the present value of projected future claims, minus the present value of future guaranteed premiums. At inception of the contract, the Company projects a guaranteed premium to be equal to the present value of the projected future claims. The income associated with the contracts is projected using actuarial and capital market assumptions, including benefits and related contract charges, over the anticipated life of the related contracts. The cash flow estimates are projected under multiple capital market scenarios using observable risk-free rates and other best estimate assumptions. The liabilities for the FIA and Stabilizer embedded derivatives and the MCG stand-alone derivative (collectively, "guaranteed benefit derivatives") include a risk margin to capture uncertainties related to policyholder behavior assumptions. The margin represents additional compensation a market participant would require to assume these risks. The discount rate used to determine the fair value of the liabilities for FIA and Stabilizer embedded derivatives and the MCG stand-alone derivative includes an adjustment to reflect the risk that these obligations will not be fulfilled ("nonperformance risk").
Separate Accounts	Separate Accounts Separate account assets and liabilities generally represent funds maintained to meet specific investment objectives of contract owners or participants who bear the investment risk, subject, in limited cases, to minimum guaranteed rates. Investment income and investment gains and losses generally accrue directly to such contract owners. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company or its affiliates. Separate account assets supporting variable options under variable annuity contracts are invested, as designated by the contract owner or participant under a contract, in shares of mutual funds that are managed by the Company, or its affiliates, or in other selected mutual funds not managed by the Company, or its affiliates. The Company reports separately, as assets and liabilities, investments held in the separate accounts and liabilities of separate accounts if: • Such separate accounts are legally recognized; • Assets supporting the contract liabilities are legally insulated from the Company's general account liabilities; • Investments are directed by the contract owner or participant; and • All investment performance, net of contract fees and assessments, is passed through to the contract owner. The Company reports separate account assets that meet the above criteria at fair value on the Consolidated Balance Sheets based on the fair value of the underlying investments. The underlying investments include mutual funds, short term investments, cash and fixed maturities. Separate account liabilities equal separate account assets. Investment income and net realized and unrealized capital gains (losses) of the separate accounts, however, are not reflected in the Consolidated Statements of Operations, and the Consolidated Statements of Cash Flows do not reflect investment activity of the separate accounts.
Repurchase Agreements	Repurchase Agreements The Company engages in dollar repurchase agreements with MBS ("dollar rolls") and repurchase agreements with other collateral types to increase its return on investments and improve liquidity. Such arrangements meet the requirements to be accounted for as financing arrangements. The Company enters into dollar roll transactions by selling existing MBS and concurrently entering into an agreement to repurchase similar securities within a short time frame at a lower price. Under repurchase agreements, the Company borrows cash from a counterparty at an agreed upon interest rate for an agreed upon time frame and pledges collateral in the form of securities. At the end of the agreement, the counterparty returns the collateral to the Company, and the Company, in turn, repays the loan amount along with the additional agreed upon interest. The Company's policy requires that at all times during the term of the dollar roll and repurchase agreements that cash or other collateral types obtained is sufficient to allow the Company to fund substantially all of the cost of purchasing replacement assets. Cash received is generally invested in Short-term investments, with the offsetting obligation to repay the loan included within Payables under securities loan agreements, including collateral held on the Consolidated Balance Sheets. The carrying value of the securities pledged in dollar rolls and repurchase agreement transactions is included in Securities pledged on the Consolidated Balance Sheets.
Recognition of Insurance Revenue and Related Benefits	Recognition of Revenue Insurance Revenue and Related Benefits Premiums related to payouts contracts with life contingencies are recognized in Premiums in the Consolidated Statements of Operations when due from the contract owner. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium (i.e., the portion of the gross premium required to provide for all expected future benefits and expenses) is deferred and recognized into revenue in a constant relationship to insurance in force. Benefits are recorded in Interest credited and other benefits to contract owners/policyholders in the Consolidated Statements of Operations when incurred. Amounts received as payment for investment-type, fixed annuities, payout contracts without life contingencies and FIA contracts are reported as deposits to contract owner account balances. Revenues from these contracts consist primarily of fees assessed against the contract owner account balance for mortality and policy administration charges and are reported in Fee income. Surrender charges are reported in Other revenue. In addition, the Company earns investment income from the investment of contract deposits in the Company's general account portfolio, which is reported in Net investment income in the Consolidated Statements of Operations. Fees assessed that represent compensation to the Company for services to be provided in future periods and certain other fees are deferred and amortized into revenue over the expected life of the related contracts in proportion to estimated gross profits in a manner consistent with DAC for these contracts. Benefits and expenses for these products include claims in excess of related account balances, expenses of contract administration and interest credited to contract owner account balances. Financial Services Revenue Revenue for various financial services is measured based on consideration specified in a contract with a customer and is recognized when the Company has satisfied a performance obligation. For advisory, recordkeeping and administration services of $423 and $405 for the years ended December 31, 2020 and 2019, respectively, the Company recognizes revenue as services are provided, generally over time. For distribution and shareholder servicing revenue of $158 and $82 for the years ended December 31, 2020 and 2019, respectively, the Company provides distribution services at a point in time and shareholder services over time. Contract terms are typically less than one year, and consideration is variable. For a description of principal activities from which the Company generates revenue, see the Business section above for further information. For the years ended December 31, 2020 and 2019, such revenue represents approximately 23.4% and 19.7% respectively, of total revenue. For the years ended December 31, 2020 and 2019, a portion of the revenue recognized in the current period from distribution services is related to performance obligations satisfied in previous periods. Revenue for various financial services is recorded in Fee income or Other revenue in the Consolidated Statements of Operations. Receivables of $88 and $97 are included in Other assets on the Consolidated Balance Sheets as of December 31, 2020 and 2019, respectively.
Income Tax	Income Taxes The Company uses certain assumptions and estimates in determining (a) the income taxes payable or refundable to/from Voya Financial, Inc. for the current year, (b) the provision for income taxes and (c) the deferred income tax assets and liabilities. The provision for income taxes is based on income and expense reported in the financial statements after adjustments for permanent differences between our financial statements and consolidated federal income tax return. Permanent differences include the dividends received deduction. As a result of permanent differences, the effective tax rate reflected in the financial statements may be different than the actual rate in the income tax return. Temporary differences between our financial statements and income tax return create deferred tax assets and liabilities. Deferred tax assets represent the tax benefit of future deductible temporary differences, net operating loss carryforwards and tax credit carryforwards. The Company's deferred tax assets and liabilities are measured at the balance sheet date using enacted tax rates expected to apply to taxable income in the years the temporary differences are expected to reverse. The Company evaluates and tests the recoverability of its deferred tax assets. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence, it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. Considerable judgment and the use of estimates are required in determining whether a valuation allowance is necessary and, if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers many factors, including the nature and character of the deferred tax assets and liabilities, the amount and character of book income or losses in recent years, projected future taxable income and future reversals of temporary differences, tax planning strategies we would employ to avoid a tax benefit from expiring unused, and the length of time carryforwards can be utilized. We recognize the tax benefit from an uncertain tax position only if it is more likely than not to be sustained under examination by the applicable taxing authority. The Company also considers positions that have been reviewed and agreed to as part of an examination by the applicable taxing authority. For items that meet the more-likely-than-not recognition threshold, the Company measures the tax position as the largest amount of benefit that is more than 50% likely to be realized upon ultimate resolution with the applicable tax authority that has full knowledge of all relevant information.
Reinsurance	Reinsurance The Company utilizes reinsurance agreements in most aspects of its insurance business to reduce its exposure to large losses. Such reinsurance permits recovery of a portion of losses from reinsurers, although it does not discharge the primary liability of the Company as direct insurer of the risks reinsured. For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability relating to insurance risk. The Company reviews contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject or features that delay the timely reimbursement of claims. The assumptions used to account for long-duration reinsurance agreements are consistent with those used for the underlying contracts. Ceded Future policy benefits and contract owner account balances are reported gross on the Consolidated Balance Sheets. Long-duration : For reinsurance of long-duration contracts that transfer significant insurance risk, the difference, if any, between the amounts paid and benefits received related to the underlying contracts is included in the expected net cost of reinsurance, which is recorded as a component of the reinsurance asset or liability. Any difference between actual and expected net cost of reinsurance is recognized in the current period and included as a component of profits used to amortize DAC. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits received are included in Other liabilities, and deposits made are included in Other assets on the Consolidated Balance Sheets. As amounts are paid or received, consistent with the underlying contracts, the deposit assets or liabilities are adjusted. Interest on such deposits is recorded as Other revenues or Operating expenses in the Consolidated Statements of Operations, as appropriate. Periodically, the Company evaluates the adequacy of the expected payments or recoveries and adjusts the deposit asset or liability through Other revenues or Other expenses, as appropriate. Accounting for reinsurance requires use of assumptions and estimates, particularly related to the future performance of the underlying business and the potential impact of counterparty credit risks. The Company periodically reviews actual and anticipated experience compared to the assumptions used to establish assets and liabilities relating to ceded and assumed reinsurance. The Company also evaluates the financial strength of potential reinsurers and continually monitors the financial condition of reinsurers. Reinsurance recoverable balances are reported net of the allowance for credit losses in the Company’s Consolidated Balance Sheets. Management estimates the credit loss allowance balance using a factor-based method of probability of default and loss given default which incorporates relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Included in the factor-based method are the consideration of capital market factors, counterparty financial information and ratings, and reinsurance agreement-specific risk characteristics such as collateral type, collateral size, and covenant strength. The allowance for credit losses is a valuation account that is deducted from the reinsurance recoverable balance to present the net amount expected to be collected on the reinsurance recoverable. The change in the allowance for credit losses is recorded in Policyholder benefits in the Consolidated Statements of Operations. Current reinsurance recoverable balances and payable balances under reinsurance agreements are included in Premiums receivable and reinsurance recoverable and Other liabilities, respectively. Such assets and liabilities relating to reinsurance agreements with the same reinsurer are recorded net on the Consolidated Balance Sheets if a right of offset exists within the reinsurance agreement. Premiums, Fee income and Interest credited and other benefits to contract owners/policyholders are reported net of reinsurance ceded. Amounts received from reinsurers for policy administration are reported in Other revenue. The Company utilizes reinsurance agreements, accounted for under the deposit method, to manage reserve and capital requirements in connection with a portion of its deferred annuities business. The agreements contain embedded derivatives for which carrying value is estimated based on the change in the fair value of the assets supporting the funds withheld under the agreements. The Company currently has a significant concentration of ceded reinsurance with a subsidiary of Lincoln National Corporation ("Lincoln") arising from the disposition of its individual life insurance business.
Employee Benefits Plans	Employee Benefits Plans The Company, in conjunction with Voya Services Company, sponsors non-qualified defined benefit pension plans covering eligible employees, sales representatives and other individuals. A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee will receive upon retirement, usually dependent on one or more factors such as age, years of service and compensation. The liability recognized in respect of non-qualified defined benefit pension plans is the present value of the projected pension benefit obligation ("PBO") at the balance sheet date, together with adjustments for unrecognized past service costs. This liability is included in Other liabilities on the Consolidated Balance Sheets. The PBO is defined as the actuarially calculated present value of vested and non-vested pension benefits accrued based on future salary levels. The Company recognizes the funded status of the PBO for pension plans on the Consolidated Balance Sheets. Net periodic benefit cost for the non-qualified defined benefit pension plans is determined using management estimates and actuarial assumptions to derive service cost and interest cost for a particular year and is included in Operating expenses in the Consolidated Statements of Operations. The obligations and expenses associated with these plans require use of assumptions, such as discount rate and rate of future compensation increases and healthcare cost trend rates, as well as assumptions regarding participant demographics, such as age of retirements, withdrawal rates and mortality. Management determines these assumptions based on a variety of factors, such as currently available market and industry data and expected benefit payout streams. Actual results could vary significantly from assumptions based on changes, such as economic and market conditions, demographics of participants in the plans and amendments to benefits provided under the plans. These differences may have a significant effect on the Company's Consolidated Financial Statements and liquidity. Actuarial gains (losses) are immediately recognized in Operating expenses in the Consolidated Statements of Operations.
Contingencies	ContingenciesA loss contingency is an existing condition, situation or set of circumstances involving uncertainty as to possible loss that will ultimately be resolved when one or more future events occur or fail to occur. Examples of loss contingencies include pending or threatened adverse litigation, threat of expropriation of assets and actual or possible claims and assessments. Amounts related to loss contingencies are accrued and recorded in Other liabilities on the Consolidated Balance Sheets if it is probable that a loss has been incurred and the amount can be reasonably estimated, based on the Company's best estimate of the ultimate outcome.
Adoption of New Pronouncements and Future Adoption of Accounting Pronouncements	Adoption of New Pronouncements The following table provides a description of the Company's adoption of new ASUs issued by the Financial Accounting Standards Board and the impact of the adoption on the Company's financial statements. Standard Description of Requirements Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2018-14, This standard, issued in August December 31, 2020 Adoption of the ASU had no effect on the Standard Description of Requirements Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2018-15, This standard, issued in August 2018, requires a customer in a hosting arrangement that is a service contract to follow the guidance for internal-use January 1, 2020 using the prospective method. Adoption of the ASU did not have a ASU 2018-13, This standard, issued in August 2018, simplifies certain disclosure requirements for fair value measurement. January 1, 2020 Adoption of this ASU had no effect on the Company's financial condition, results of operations, or cash flows. The adoption resulted in various disclosure changes that have been included in Note 4, Fair Value Measurements . ASU 2016-13, This standard, issued in June 2016: January 1, 2020, The Company recorded a $8 decrease, net Standard Description of Requirements Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income This standard, issued in February 2018, permits a reclassification from accumulated other comprehensive income ("AOCI") to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 ("Tax Reform"). Stranded tax effects arise because U.S. GAAP requires that the impact of a change in tax laws or rates on deferred tax liabilities and assets be reported in net income, even if related to items recognized within accumulated other comprehensive income. The amount of the reclassification would be based on the difference between the historical corporate income tax rate and the newly enacted 21% corporate income tax rate, applied to deferred tax liabilities and assets reported within accumulated other comprehensive income. January 1, 2019 with the change reported in the period of adoption. The impact to the January 1, 2019 Consolidated Balance Sheet was an increase to AOCI of $137, with a corresponding decrease to Retained earnings. The ASU did not have a material impact on the Company's results of operations, cash flows, or disclosures. ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities This standard, issued in August 2017, enables entities to better portray risk management activities in their financial statements, as follows: January 1, 2019, The adoption had no effect on the Company's financial condition, results of operations, or cash flows. As a result of the adoption, the Company has updated its Derivatives accounting policy with respect to fair value and cash flow hedges. Other required disclosure changes have been included in Note 3, Derivative Financial Instruments. Standard Description of Requirements Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2016-02, Leases This standard, issued in February 2016, requires lessees to recognize a right-of-use asset and a lease liability for all leases with terms of more than 12 months. The lease liability will be measured as the present value of the lease payments, and the asset will be based on the liability. For income statement purposes, expense recognition will depend on the lessee's classification of the lease as either finance, with a front-loaded amortization expense pattern similar to current capital leases, or operating, with a straight-line expense pattern similar to current operating leases. Lessor accounting will be similar to the current model, and lessors will be required to classify leases as operating, direct financing, or sales-type. January 1, 2019 using the modified retrospective method. The adoption did not have a material impact on the Company's financial condition, results of operations, or cash flows. ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities This standard, issued in January 2016, addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments, including requiring: January 1, 2018 using the modified retrospective method, except for certain provisions that were required to be applied using the prospective method. The impact to the January 1, 2018 Consolidated Balance Sheet was a $12 increase, net of tax, to Retained earnings (deficit) with a corresponding decrease of $12, net of tax, to AOCI to recognize the unrealized gain associated with Equity securities. The provisions that required prospective adoption had no effect on the Company's financial condition, results of operations, or cash flows. Under previous guidance, prior to January 1, 2018, Equity securities were classified as available for sale with changes in fair value recognized in Other comprehensive income. Standard Description of Requirements Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2014-09, Revenue from Contracts with Customers This standard, issued in May 2014, requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue is recognized when, or as, the entity satisfies a performance obligation under the contract. ASU 2014-09 also updated the accounting for certain costs associated with obtaining and fulfilling contracts with customers and requires disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In addition, the FASB issued various amendments during 2016 to clarify the provisions and implementation guidance of ASU 2014-09. Revenue recognition for insurance contracts and financial instruments is explicitly scoped out of the guidance. January 1, 2018 using the modified retrospective method. The adoption had no impact on revenue recognition. However, the adoption resulted in a $95 increase in Other assets to capitalize costs to obtain and fulfill certain financial services contracts. This adjustment was offset by a related $19 increase in deferred tax liabilities, resulting in a net $76 increase to Retained earnings (deficit) on the Consolidated Balance Sheet as of January 1, 2018. In addition, disclosures have been updated to reflect accounting policy changes made as a result of the implementation of ASU 2014-09. (See the Significant Accounting Policies section.) Future Adoption of Accounting Pronouncements The following table provides a description of future adoptions of new accounting standards that may have an impact on the Company's financial statements when adopted: Standard Description of Requirements Effective date and transition provisions Effect on the financial statements or other significant matters ASU 2020-04, This standard, issued in March 2020, provides temporary optional expedients and exceptions for applying U.S. GAAP principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In January, 2021, the FASB issued ASU 2021-01 which clarified the scope of relief related to ASU 2020-04. The amendments are The Company expects that Standard Description of Requirements Effective date and transition provisions Effect on the financial statements or other significant matters ASU 2019-12, This standard, issued in December 2019, January 1, 2021 with early The Company intends to ASU 2018-12, This standard, issued in August 2018, changes In November, 2020, the The implications of these

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Policies)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company's use of derivatives is limited mainly to economic hedging to reduce the Company's exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, exchange rate risk and market risk. It is the Company's policy not to offset amounts recognized for derivative instruments and amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement, which provides the Company with the legal right of offset. However, in accordance with the Chicago Mercantile Exchange ("CME") rules related to the variation margin payments, the Company is required to adjust the derivative balances with the variation margin payments related to its cleared derivatives executed through CME. The Company enters into interest rate, equity market, credit default and currency contracts, including swaps, futures, forwards, caps, floors and options, to reduce and manage various risks associated with changes in value, yield, price, cash flow or exchange rates of assets or liabilities held or intended to be held, or to assume or reduce credit exposure associated with a referenced asset, index or pool. The Company also utilizes options and futures on equity indices to reduce and manage risks associated with its annuity products. Derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. Changes in the fair value of derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge as either (a) a hedge of the exposure to changes in the estimated fair value of a recognized asset or liability or an identified portion thereof that is attributable to a particular risk ("fair value hedge") or (b) a hedge of a forecasted transaction or of the variability of cash flows that is attributable to interest rate risk to be received or paid related to a recognized asset or liability ("cash flow hedge"). In this documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument's effectiveness and the method that will be used to measure ineffectiveness. A derivative designated as a hedging instrument must be assessed as being highly effective in offsetting the designated risk of the hedged item. Hedge effectiveness is formally assessed at inception and periodically throughout the life of the designated hedging relationship. • Fair Value Hedge : For derivative instruments that are designated and qualify as a fair value hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is recorded in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. • Cash Flow Hedge : For derivative instruments that are designated and qualify as a cash flow hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is reported as a component of AOCI. Those amounts are subsequently reclassified to earnings when the hedged item affects earnings, and are reported in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. Even if a derivative qualifies for hedge accounting treatment, there may be an element of ineffectiveness of the hedge. The ineffective portion of a hedging relationship subject to hedge accounting is recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations. When hedge accounting is discontinued because it is determined that the derivative is no longer expected to be highly effective in offsetting changes in the estimated fair value or cash flows of a hedged item, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with subsequent changes in estimated fair value recognized currently in Other net realized capital gains (losses). The carrying value of the hedged asset or liability under a fair value hedge is no longer adjusted for changes in its estimated fair value due to the hedged risk, and the cumulative adjustment to its carrying value is amortized into income over the remaining life of the hedged item. Provided the hedged forecasted transaction is still probable of occurrence, the changes in estimated fair value of derivatives recorded in Other comprehensive income (loss) related to discontinued cash flow hedges are released into the Consolidated Statements of Operations when the Company's earnings are affected by the variability in cash flows of the hedged item. When hedge accounting is discontinued because it is no longer probable that the forecasted transactions will occur on the anticipated date, or within two months of that date, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with changes in estimated fair value recognized currently in Other net realized capital gains (losses). Derivative gains and losses recorded in Other comprehensive income (loss) pursuant to the discontinued cash flow hedge of a forecasted transaction that is no longer probable are recognized immediately in Other net realized capital gains (losses). The Company also has investments in certain fixed maturities and has issued certain annuity products that contain embedded derivatives for which fair value is at least partially determined by levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity markets or credit ratings/spreads. Embedded derivatives within fixed maturities are included with the host contract on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Embedded derivatives within certain annuity products are included in Future policy benefits and contract owner account balances on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations.

Fair Value Measures and Disclos

Fair Value Measures and Disclosures (Policies)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value MeasurementThe Company measures the fair value of its financial assets and liabilities based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset, or nonperformance risk, including the Company's own credit risk. The estimate of fair value is the price that would be received to sell an asset or transfer a liability ("exit price") in an orderly transaction between market participants in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability. The Company uses a number of valuation sources to determine the fair values of its financial assets and liabilities, including quoted market prices, third-party commercial pricing services, third-party brokers, industry-standard, vendor-provided software that models the value based on market observable inputs, and other internal modeling techniques based on projected cash flows.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Available-for-sale and FVO fixed maturities were as follows as of December 31, 2020: Amortized Gross Gross Embedded Derivatives (2) Fair Allowance for credit losses Fixed maturities: U.S. Treasuries $ 535 $ 186 $ — $ — $ 721 $ — U.S. Government agencies and authorities 18 1 — — 19 — State, municipalities and political subdivisions 698 116 — — 814 — U.S. corporate public securities 7,632 1,531 7 — 9,156 — U.S. corporate private securities 3,870 536 27 — 4,379 — Foreign corporate public securities and foreign governments (1) 2,539 413 1 — 2,951 — Foreign corporate private securities (1) 2,991 348 25 — 3,303 11 Residential mortgage-backed securities 4,071 171 15 11 4,237 1 Commercial mortgage-backed securities 2,712 207 26 — 2,893 — Other asset-backed securities 1,500 28 6 — 1,520 2 Total fixed maturities, including securities pledged 26,566 3,537 107 11 29,993 14 Less: Securities pledged 169 52 1 — 220 — Total fixed maturities $ 26,397 $ 3,485 $ 106 $ 11 $ 29,773 $ 14 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Available-for-sale and FVO fixed maturities were as follows as of December 31, 2019: Amortized Gross Gross Embedded Derivatives (2) Fair OTTI (3)(4) Fixed maturities: U.S. Treasuries $ 565 $ 129 $ 3 $ — $ 691 $ — U.S. Government agencies and authorities 19 — — — 19 — State, municipalities and political subdivisions 747 68 — — 815 — U.S. corporate public securities 7,103 941 13 — 8,031 — U.S. corporate private securities 3,776 306 16 — 4,066 — Foreign corporate public securities and foreign governments (1) 2,417 265 3 — 2,679 — Foreign corporate private securities (1) 3,171 205 1 — 3,375 — Residential mortgage-backed securities 3,685 125 11 11 3,810 2 Commercial mortgage-backed securities 2,381 122 3 — 2,500 — Other asset-backed securities 1,472 15 13 — 1,474 1 Total fixed maturities, including securities pledged 25,336 2,176 63 11 27,460 3 Less: Securities pledged 749 85 6 — 828 — Total fixed maturities $ 24,587 $ 2,091 $ 57 $ 11 $ 26,632 $ 3 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) Represents OTTI reported as a component of Other comprehensive income (loss). (4) Amount excludes $194 of net unrealized gains on impaired available-for-sale securities.
Investments Classifed by Contractual Maturity Date	The amortized cost and fair value of fixed maturities, including securities pledged, as of December 31, 2020, are shown below by contractual maturity. Actual maturities may differ from contractual maturities as securities may be restructured, called or prepaid. Mortgage-backed securities ("MBS") and Other asset-backed securities ("ABS") are shown separately because they are not due at a single maturity date. Amortized Fair Due to mature: One year or less $ 788 $ 797 After one year through five years 3,421 3,686 After five years through ten years 5,244 5,980 After ten years 8,830 10,880 Mortgage-backed securities 6,783 7,130 Other asset-backed securities 1,500 1,520 Fixed maturities, including securities pledged $ 26,566 $ 29,993 The investment portfolio is monitored to maintain a diversified portfolio on an ongoing basis. Credit risk is mitigated by monitoring concentrations by issuer, sector and geographic stratification and limiting exposure to any one issuer. As of December 31, 2020 and 2019, the Company did not have any investments in a single issuer, other than obligations of the U.S.
U.S. and Foreign Corporate Securities by Industry	The following tables present the composition of the U.S. and foreign corporate securities within the fixed maturity portfolio by industry category as of the dates indicated: Amortized Gross Unrealized Capital Gains Gross Unrealized Capital Losses Fair Value December 31, 2020 Communications $ 950 $ 231 $ 1 $ 1,180 Financial 2,921 472 2 3,391 Industrial and other companies 7,284 1,155 13 8,426 Energy 1,571 259 22 1,808 Utilities 3,025 530 1 3,554 Transportation 929 128 20 1,037 Total $ 16,680 $ 2,775 $ 59 $ 19,396 December 31, 2019 Communications $ 1,002 $ 156 $ — $ 1,158 Financial 2,650 302 — 2,952 Industrial and other companies 7,053 667 11 7,709 Energy 1,675 185 18 1,842 Utilities 2,913 294 1 3,206 Transportation 856 78 2 932 Total $ 16,149 $ 1,682 $ 32 $ 17,799
Schedule of Securities Borrowed Under Securities Lending Transactions	The following table presents borrowings under securities pledged transactions by asset class pledged for the dates indicated: December 31, 2020 (1)(2) December 31, 2019 (1)(2) U.S. Treasuries $ 70 $ 109 U.S. corporate public securities 54 447 Foreign corporate public securities and foreign governments 20 185 Equity Securities — — Payables under securities loan agreements $ 144 $ 741 (1) As of December 31, 2020 and December 31, 2019, borrowings under securities lending transactions include cash collateral of $74 and $650, respectively. (2) As of December 31, 2020 and December 31, 2019, borrowings under securities lending transactions include non-cash collateral of $70 and $91, respectively.
Financing Receivable, Allowance for Credit Loss	The following table presents a rollforward of the allowance for credit losses on available-for-sale fixed maturity securities for the period presented: Year Ended December 31, 2020 Residential mortgage-backed securities Commercial mortgage-backed securities Foreign corporate private securities Other asset-backed securities Total Balance as of January 1 $ — $ — $ — $ — $ — Credit losses on securities for which credit losses were not previously recorded 1 — 11 2 14 Initial allowance for credit losses recognized on financial assets accounted for as PCD (Purchased Credit Deteriorated) — — — — — Reductions for securities sold during the period — — — — — Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost — — — — — Increase (decrease) on securities with allowance recorded in previous period — — — — — Write-offs — — — — — Recoveries of amounts previously written off — — — — — Balance as of December 31 $ 1 $ — $ 11 $ 2 $ 14
Schedule of Unrealized Loss on Investments	Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2020: Twelve Months or Less More Than Twelve Total Fair Unrealized Number of securities Fair Unrealized Number of securities Fair Unrealized Number of securities U.S. Treasuries $ 8 $ — 2 $ — $ — — $ 8 $ — 2 U.S. Government, agencies and authorities — — — — — — — — — State, municipalities and political subdivisions 5 — 2 — — — 5 — 2 U.S. corporate public securities 199 5 182 22 2 4 221 7 186 U.S. corporate private securities 316 10 29 71 17 7 387 27 36 Foreign corporate public securities and foreign governments 32 1 22 6 — 2 38 1 24 Foreign corporate private securities 176 25 20 3 — 1 179 25 21 Residential mortgage-backed 613 11 134 119 4 54 732 15 188 Commercial mortgage-backed 579 25 105 33 1 7 612 26 112 Other asset-backed 206 1 59 265 5 88 471 6 147 Total $ 2,134 $ 78 555 $ 519 $ 29 163 $ 2,653 $ 107 718 The Company concluded that an allowance for credit losses was unnecessary for these securities because the unrealized losses are not credit related. Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2019: Twelve Months or Less More Than Twelve Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasuries $ 68 $ 3 $ 12 $ — * $ 80 $ 3 U.S. Government, agencies and authorities 18 — * — — 18 — * State, municipalities and political subdivisions 21 — * — — 21 — * U.S. corporate public securities 97 3 131 10 228 13 U.S. corporate private securities 75 — * 134 16 209 16 Foreign corporate public securities and foreign governments 6 — * 53 3 59 3 Foreign corporate private securities 21 — * 56 1 77 1 Residential mortgage-backed 535 6 139 5 674 11 Commercial mortgage-backed 331 3 18 — * 349 3 Other asset-backed 217 2 500 11 717 13 Total $ 1,389 $ 17 $ 1,043 $ 46 $ 2,432 $ 63 Total number of securities in an unrealized loss position 289 278 567 *Less than $1.
Other than Temporary Impairment, Credit Losses Recognized in Earnings	Evaluating Securities for Impairments The Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings, including fixed maturity securities in accordance with its impairment policy in order to evaluate whether such investments are impaired. The following table identifies the Company's impairments included in the Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss) by type for the periods indicated: Year Ended December 31, 2020 2019 2018 Impairment No. of Securities Impairment No. of Securities Impairment No. of Securities State municipalities, and political subdivisions $ — 6 $ — * 6 $ — — U.S. corporate public securities 12 43 11 25 6 2 U.S. corporate private securities — 2 1 16 — — Foreign corporate public securities and foreign governments (1) 1 22 3 15 2 3 Foreign corporate private securities (1) — 7 18 11 9 1 Residential mortgage-backed 3 44 4 71 3 58 Commercial mortgage-backed 20 106 — * 18 — * 1 Other asset-backed 1 61 3 73 — * 1 Total $ 37 291 $ 40 235 $ 20 66 Credit Impairments $ — $ 20 $ 14 Intent Impairments $ 37 $ 20 $ 6 (1) Primarily U.S. dollar denominated. *Less than $1. The Company may sell securities during the period in which fair value has declined below amortized cost for fixed maturities. In certain situations, new factors, including changes in the business environment, can change the Company's previous intent to continue holding a security. Accordingly, these factors may lead the Company to record additional intent related capital losses. For the year ended December 31, 2020 intent impairments in the amount of $26 were recorded on assets designated to be included in the reinsurance agreement associated with the Individual Life Transaction.
Mortgage Loans by Loan to Value Ratio	The following tables present commercial mortgage loans by year of origination and LTV ratio as of the dates indicated. As of December 31, 2020 Loan-to-Value Ratios Year of Origination 0% - 50% >50% - 60% >60% - 70% >70% - 80% >80% and above Total 2020 $ 164 $ 206 $ 39 $ — $ — $ 409 2019 209 165 107 — — 481 2018 124 91 73 — — 288 2017 499 356 6 — — 861 2016 399 275 1 — — 675 2015 407 68 — — — 475 2014 and prior 1,167 323 15 — — 1,505 Total $ 2,969 $ 1,484 $ 241 $ — $ — $ 4,694 As of December 31, 2019 Loan-to-Value Ratios Year of Origination 0% - 50% >50% - 60% >60% - 70% >70% - 80% >80% and above Total 2019 85 96 145 170 26 522 2018 4 88 110 133 14 349 2017 101 244 566 13 10 934 2016 46 150 470 31 — 697 2015 10 343 168 8 — 529 2014 and prior 134 252 1,093 154 — 1,633 Total $ 380 $ 1,173 $ 2,552 $ 509 $ 50 $ 4,664
Mortgage Loans by Debt Service Coverage Ratio	The following tables present commercial mortgage loans by year of origination and DSC ratio as of the dates indicated. As of December 31, 2020 Debt Service Coverage Ratios Year of Origination >1.5x >1.25x - 1.5x >1.0x - 1.25x <1.0x Commercial mortgage loans secured by land or construction loans Total 2020 $ 298 $ 93 $ 18 $ — $ — $ 409 2019 319 77 36 49 — 481 2018 102 79 60 47 — 288 2017 494 204 103 60 — 861 2016 591 53 31 — — 675 2015 445 23 — 7 — 475 2014 and prior 1,231 155 72 47 — 1,505 Total $ 3,480 $ 684 $ 320 $ 210 $ — $ 4,694 As of December 31, 2019 Debt Service Coverage Ratios Year of Origination >1.5x >1.25x - 1.5x >1.0x - 1.25x <1.0x Commercial mortgage loans secured by land or construction loans Total 2019 353 127 42 — — 522 2018 236 3 60 50 — 349 2017 481 238 133 82 — 934 2016 615 59 23 — — 697 2015 492 32 — 5 — 529 2014 and prior 1,358 128 88 59 — 1,633 Total $ 3,535 $ 587 $ 346 $ 196 $ — $ 4,664
Mortgage Loans by Geographic Location of Collateral	The following tables present the commercial mortgage loans by year of origination and U.S. region as of the dates indicated. As of December 31, 2020 U.S. Region Year of Origination Pacific South Atlantic Middle Atlantic West South Central Mountain East North Central New England West North Central East South Central Total 2020 $ 84 $ 159 $ 35 $ 37 $ 32 $ 29 $ 1 $ 12 $ 20 $ 409 2019 63 122 11 137 54 39 17 11 27 481 2018 49 98 57 34 26 11 13 — 288 2017 99 98 352 136 74 60 5 37 — 861 2016 156 127 180 32 72 72 9 21 6 675 2015 109 133 100 30 42 48 9 4 — 475 2014 and prior 417 290 226 111 156 132 40 104 29 1,505 Total $ 977 $ 1,027 $ 961 $ 517 $ 456 $ 391 $ 81 $ 202 $ 82 $ 4,694 As of December 31, 2019 U.S. Region Year of Origination Pacific South Atlantic Middle Atlantic West South Central Mountain East North Central New England West North Central East South Central Total 2019 63 127 26 155 53 43 18 11 26 522 2018 50 132 60 43 26 11 — 12 15 349 2017 103 99 396 151 77 60 5 43 — 934 2016 158 132 187 32 75 77 9 21 6 697 2015 125 160 103 34 43 50 10 4 — 529 2014 and prior 445 316 247 122 168 142 42 121 30 1,633 Total $ 944 $ 966 $ 1,019 $ 537 $ 442 $ 383 $ 84 $ 212 $ 77 $ 4,664
Mortgage Loans by Property Type of Collateral	The following tables present the commercial mortgage loans by year of origination and property type as of the dates indicated. As of December 31, 2020 Property Type Year of Origination Retail Industrial Apartments Office Hotel/Motel Other Mixed Use Total 2020 $ 51 $ 73 $ 141 $ 144 $ — $ — $ — $ 409 2019 32 73 283 71 22 — — 481 2018 49 78 124 17 3 17 — 288 2017 102 415 204 136 4 — — 861 2016 129 244 138 144 9 7 4 675 2015 121 180 65 51 17 41 — 475 2014 and prior 671 125 273 210 62 125 39 1,505 Total $ 1,155 $ 1,188 $ 1,228 $ 773 $ 117 $ 190 $ 43 $ 4,694 As of December 31, 2019 Property Type Year of Origination Retail Industrial Apartments Office Hotel/Motel Other Mixed Use Total 2019 33 90 299 81 19 — — 522 2018 52 91 152 32 4 18 — 349 2017 104 461 218 147 4 — — 934 2016 131 254 147 146 8 7 4 697 2015 148 185 69 62 23 42 — 529 2014 and prior 730 135 300 229 69 130 40 1,633 Total $ 1,198 $ 1,216 $ 1,185 $ 697 $ 127 $ 197 $ 44 $ 4,664
Allowance for Credit Losses for Commercial Mortgage Loans	The following table summarizes the activity in the allowance for losses for commercial mortgage loans for the periods indicated: 2020 Allowance for credit losses, balance at January 1 $ 12 (1) Credit losses on mortgage loans for which credit losses were not previously recorded 5 Increase (decrease) on mortgage loans with allowance recorded in previous period 52 Provision for expected credit losses 69 Write-offs (2) Recoveries of amounts previously written-off — Allowance for credit losses, balance at December 31 $ 67
Financing Receivable, Past Due	The following table presents past due commercial mortgage loans as of the dates indicated: December 31, 2020 December 31, 2019 Delinquency: Current $ 4,691 $ 4,664 30-59 days past due — — 60-89 days past due — — Greater than 90 days past due 3 — Total $ 4,694 $ 4,664
Net Investment Income	The following table summarizes Net investment income for the periods indicated: Year Ended December 31, 2020 2019 2018 Fixed maturities $ 1,603 $ 1,432 $ 1,363 Equity securities 9 6 5 Mortgage loans on real estate 200 224 220 Policy loans 12 7 9 Short-term investments and cash equivalents 2 3 3 Other 107 91 95 Gross investment income 1,933 1,763 1,695 Less: investment expenses 75 74 72 Net investment income $ 1,858 $ 1,689 $ 1,623
Realized Gain (Loss) on Investments	Net realized capital gains (losses) were as follows for the periods indicated: Year Ended December 31, 2020 2019 2018 Fixed maturities, available-for-sale, including securities pledged $ (23) $ 11 $ (69) Fixed maturities, at fair value option (257) (47) (227) Equity securities 3 (16) (4) Derivatives 49 (82) (36) Embedded derivatives - fixed maturities — 2 (4) Guaranteed benefit derivatives (27) (11) 94 Mortgage Loans (56) — — Other investments 1 (1) 4 Net realized capital gains (losses) $ (310) $ (144) $ (242)
Gain (Loss) on Investments	Proceeds from the sale of fixed maturities, available-for-sale, and equity securities and the related gross realized gains and losses, before tax were as follows for the periods indicated: Year Ended December 31, 2020 2019 2018 Proceeds on sales $ 1,512 $ 2,418 $ 2,498 Gross gains 85 30 14 Gross losses 59 25 50

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The notional amounts and fair values of derivatives were as follows as of the dates indicated: December 31, 2020 December 31, 2019 Notional Asset Liability Notional Asset Liability Derivatives: Qualifying for hedge accounting (1 ) Cash flow hedges: Interest rate contracts $ 18 $ — $ — $ 23 $ — $ — Foreign exchange contracts 628 3 36 652 10 18 Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 14,155 137 171 18,640 210 261 Foreign exchange contracts 83 — 3 54 — 1 Equity contracts 55 5 5 63 4 3 Credit contracts 188 — 1 182 — 2 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 11 — N/A 11 — Within products N/A — 59 N/A — 33 Within reinsurance agreements N/A — — N/A — 23 Managed custody guarantees N/A — 4 N/A — — Total $ 156 $ 279 $ 235 $ 341 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. N/A - Not Applicable
Offsetting Assets and Liabilities	Although the Company has not elected to net its derivative exposures, the notional amounts and fair values of Over-The-Counter ("OTC") and cleared derivatives excluding exchange traded contracts are presented in the tables below as of the dates indicated: December 31, 2020 Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 188 $ — $ 1 Equity contracts 55 5 5 Foreign exchange contracts 711 3 39 Interest rate contracts 12,567 137 171 145 216 Counterparty netting (1) (141) (141) Cash collateral netting (1) (1) (43) Securities collateral netting (1) — (28) Net receivables/payables $ 3 $ 4 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2019 Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 182 $ — $ 2 Equity contracts 63 4 3 Foreign exchange contracts 706 10 19 Interest rate contracts 17,621 210 261 224 285 Counterparty netting (1) (217) (217) Cash collateral netting (1) (6) (58) Securities collateral netting (1) — (5) Net receivables/payables $ 1 $ 5 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The location and effect of derivatives qualifying for hedge accounting on the Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income are as follows for the period indicated: Year Ended December 31 2020 2019 Interest Rate Contracts Foreign Exchange Contracts Interest Rate Contracts Foreign Exchange Contracts Derivatives: Qualifying for hedge accounting Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Net Investment Income Net Investment Income and Other Net Realized Capital Gains/(Losses) Net Investment Income Net Investment Income and Other Net Realized Capital Gains/(Losses) Amount of Gain or (Loss) Recognized in Other Comprehensive Income $ 1 $ (23) $ 2 $ — Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — 7 — 10 Interest Rate Contracts Foreign Exchange Contracts The location and amount of gain (loss) recognized in the Consolidated Statements of Operations for derivatives qualifying for hedge accounting are as follows for the period indicated: Year Ended December 31, 2020 2019 Net Investment Income Other net realized capital gains/(losses) Net Investment Income Other net realized capital gains/(losses) Total amounts of line items presented in the statement of operations in which the effects of cash flow hedges are recorded $ 1,858 $ (273) $ 1,689 $ (101) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 10 (3) 10 — The location and effect of derivatives not designated as hedging instruments on the Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Year Ended December 31, 2020 2019 2018 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ 51 $ (85) $ (44) Foreign exchange contracts Other net realized capital gains (losses) (2) 1 1 Equity contracts Other net realized capital gains (losses) — 1 — Credit contracts Other net realized capital gains (losses) 3 1 (1) Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) — 2 (4) Within products Other net realized capital gains (losses) (23) (11) 94 Within reinsurance agreements Policyholder benefits 23 (102) 58 Managed custody guarantees Other net realized capital gains (losses) (4) — — Total $ 48 $ (193) $ 104

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the Company's hierarchy for its assets and liabilities measured at fair value on a recurring basis as of December 31, 2020: Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 548 $ 173 $ — $ 721 U.S. Government agencies and authorities — 19 — 19 State, municipalities and political subdivisions — 814 — 814 U.S. corporate public securities — 9,099 57 9,156 U.S. corporate private securities — 3,093 1,286 4,379 Foreign corporate public securities and foreign governments (1) — 2,951 — 2,951 Foreign corporate private securities (1) — 3,008 295 3,303 Residential mortgage-backed securities — 4,204 33 4,237 Commercial mortgage-backed securities — 2,893 — 2,893 Other asset-backed securities — 1,483 37 1,520 Total fixed maturities, including securities pledged 548 27,737 1,708 29,993 Equity securities 17 — 99 116 Derivatives: Interest rate contracts 7 130 — 137 Foreign exchange contracts — 3 — 3 Equity contracts — 5 — 5 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 610 16 — 626 Assets held in separate accounts 81,096 6,001 222 87,319 Total assets $ 82,278 $ 33,892 $ 2,029 $ 118,199 Percentage of Level to total 69 % 29 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives: FIA $ — $ — $ 10 $ 10 Stabilizer and MCGs — — 53 53 Other derivatives: Interest rate contracts — 171 — 171 Foreign exchange contracts — 39 — 39 Equity contracts — 5 — 5 Credit contracts — 1 — 1 Embedded derivative on reinsurance — — — — Total liabilities $ — $ 216 $ 63 $ 279 (1) Primarily U.S. dollar denominated. The following table presents the Company's hierarchy for its assets and liabilities measured at fair value on a recurring basis as of December 31, 2019: Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 536 $ 155 $ — $ 691 U.S. Government agencies and authorities — 19 — 19 State, municipalities and political subdivisions — 815 — 815 U.S. corporate public securities — 7,984 47 8,031 U.S. corporate private securities — 3,064 1,002 4,066 Foreign corporate public securities and foreign governments (1) — 2,679 — 2,679 Foreign corporate private securities (1) — 3,185 190 3,375 Residential mortgage-backed securities — 3,794 16 3,810 Commercial mortgage-backed securities — 2,500 — 2,500 Other asset-backed securities — 1,426 48 1,474 Total fixed maturities, including securities pledged 536 25,621 1,303 27,460 Equity securities, available-for-sale 17 — 63 80 Derivatives: Interest rate contracts 1 209 — 210 Foreign exchange contracts — 10 — 10 Equity contracts — 4 — 4 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 1,429 — — 1,429 Assets held in separate accounts 72,448 6,150 115 78,713 Total assets $ 74,431 $ 31,994 $ 1,481 $ 107,906 Percentage of Level to total 69 % 30 % 1 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives: FIA $ — $ — $ 11 $ 11 Stabilizer and MCGs — — 22 22 Other derivatives: Interest rate contracts — 261 — 261 Foreign exchange contracts — 19 — 19 Equity contracts — 3 — 3 Credit contracts — 2 — 2 Embedded derivative on reinsurance — 23 — 23 Total liabilities $ — $ 308 $ 33 $ 341 (1) Primarily U.S. dollar denominated.
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2020 Fair Value Total Purchases Issuances Sales Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value as of December 31 Change in Unrealized Gains (Losses) Included in Earnings (3) Change in Unrealized Gains (Losses) Included in OCI (3) Net Income OCI Fixed maturities, including securities pledged: U.S. Corporate public securities $ 47 $ — $ 4 $ — $ — $ (10) $ (11) $ 27 $ — $ 57 $ — $ 4 U.S. Corporate private securities 1,002 — 33 255 — (9) (89) 294 (200) 1,286 — 33 Foreign corporate public securities and foreign governments (1) — — — — — — — — — — — — Foreign corporate private securities (1) 190 (9) (21) 190 — (11) (4) 4 (44) 295 2 (21) Residential mortgage-backed securities 16 (7) — 32 — — — — (8) 33 (7) — Commercial mortgage-backed securities — — — — — — — — — — — — Other asset-backed securities 48 — — 4 — — (15) — — 37 — — Total fixed maturities, including securities pledged 1,303 (16) 16 481 — (30) (119) 325 (252) 1,708 (5) 16 Equity securities 63 2 — 35 — — (1) — — 99 2 — Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (22) (29) — — (2) — — — — (53) — — FIA (2) (11) 2 — — (2) — 1 — — (10) — — Assets held in separate accounts (4) 115 — — 161 — (2) — 3 (55) 222 — — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by-contract basis. These amounts are included in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) For financial instruments still held as of December 31, amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations or Unrealized gains (losses) on securities in the Condensed Consolidated Statements of Comprehensive Income (4) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income (loss) for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2019 Fair Value Total Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change in Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. Corporate public securities $ 28 $ — $ 3 $ — $ — $ — $ (7) $ 23 $ — $ 47 $ — U.S. Corporate private securities 771 (1) 62 246 — (14) (61) 8 (9) 1,002 (1) Foreign corporate private securities (1) 124 (17) 31 108 — (56) — — — 190 1 Residential mortgage-backed securities 10 (3) — 9 — — — — — 16 (4) Commercial mortgage-backed securities 12 — — — — — — — (12) — — Other asset-backed securities 94 — — — — — (2) — (44) 48 — Total fixed maturities, including securities pledged 1,039 (21) 96 363 — (70) (70) 31 (65) 1,303 (4) Equity securities, available-for-sale 50 (16) — 29 — — — — — 63 (16) Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (4) (16) — — (2) — — — — (22) — FIA (2) (11) 5 — — (5) — — — — (11) — Assets held in separate accounts (5) 61 4 — 79 — (2) — 3 (30) 115 — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by-contract basis. These amounts are included in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) The Company’s policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31, amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income (loss) for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company.
Fair Value, by Balance Sheet Grouping	The carrying values and estimated fair values of the Company's financial instruments as of the dates indicated: December 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Assets: Fixed maturities, including securities pledged $ 29,993 $ 29,993 $ 27,460 $ 27,460 Equity securities 116 116 80 80 Mortgage loans on real estate 4,694 5,013 4,664 4,912 Policy loans 187 187 205 205 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 626 626 1,429 1,429 Derivatives 145 145 224 224 Short-term loan to affiliate 653 653 69 69 Other investments 43 43 43 43 Assets held in separate accounts 87,319 87,319 78,713 78,713 Liabilities: Investment contract liabilities: Funding agreements without fixed maturities and deferred annuities (1) 28,169 36,741 26,337 32,697 Funding agreements with fixed maturities 795 796 877 876 Supplementary contracts, immediate annuities and other 288 345 312 384 Deposit liabilities — — 76 152 Derivatives: Guaranteed benefit derivatives: FIA 10 10 11 11 Stabilizer and MCGs 53 53 22 22 Other derivatives 216 216 285 285 Short-term debt (2) 8 8 1 1 Long-term debt (2) 3 3 4 4 Embedded derivatives on reinsurance — — 23 23 (1) Certain amounts included in Funding agreements without fixed maturities and deferred annuities are also reflected within the Guaranteed benefit derivatives section of the table above. (2) Included in Other Liabilities on the Consolidated Balance Sheets.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)	12 Months Ended
	Dec. 31, 2020
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]
Deferred Policy Acquisition Costs and Value of Business Acquired	The following table presents a rollforward of DAC and VOBA for the periods indicated: DAC VOBA Total Balance at January 1, 2018 $ 385 $ 367 $ 752 Deferrals of commissions and expenses 55 6 61 Amortization: Amortization, excluding unlocking (75) (72) (147) Unlocking (1) (26) 13 (13) Interest accrued 35 39 (2) 74 Net amortization included in the Consolidated Statements of Operations (66) (20) (86) Change in unrealized capital gains/losses on available-for-sale securities 162 198 360 Balance as of December 31, 2018 536 551 1,087 Deferrals of commissions and expenses 43 6 49 Amortization: Amortization, excluding unlocking (72) (66) (138) Unlocking (1) 2 (2) — Interest accrued 35 38 (2) 73 Net amortization included in the Consolidated Statements of Operations (35) (30) (65) Change in unrealized capital gains/losses on available-for-sale securities (256) (222) (478) Balance as of December 31, 2019 288 305 593 Impact of ASU 2016-13 2 — 2 Deferrals of commissions and expenses 56 3 59 Amortization: Amortization, excluding unlocking (84) (76) (160) Unlocking (1) (5) (94) (99) Interest accrued 35 32 (2) 67 Net amortization included in the Consolidated Statements of Operations (54) (138) (192) Change in unrealized capital gains/losses on available-for-sale securities (170) (130) (300) Balance as of December 31, 2020 $ 122 $ 40 $ 162 (1) DAC/VOBA unlocking includes the impact of annual review of assumptions which typically occurs in the third quarter; and retrospective and prospective unlocking. Additionally, the 2018 amounts include unfavorable unlocking of DAC and VOBA of $25 and $26, respectively, associated with an update to assumptions related to customer consents of changes to guaranteed minimum interest rate provisions. (2) Interest accrued at the following rates for VOBA: 5.5% to 7.0% during 2020, 2019 and 2018. The estimated amount of VOBA amortization expense, net of interest, during the next five years is presented in the following table. Actual amortization incurred during these years may vary as assumptions are modified to incorporate actual results and/or changes in best estimates of future results.
Intangible Assets Arising from Insurance Contracts Acquired in Business Combination	Year Amount 2021 $ 25 2022 23 2023 21 2024 17 2025 14

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2020
Insurance [Abstract]
Schedule of Reinsurance Recoverable	Premiums receivable and reinsurance recoverable was comprised of the following as of the dates indicated: December 31, 2020 2019 Reinsurance recoverable, net of allowance for credit losses $ 1,219 $ 1,304 Total $ 1,219 $ 1,304

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Shareholder's equity included the following components of AOCI as of the dates indicated. December 31, 2020 2019 2018 Fixed maturities, net of impairment $ 3,430 $ 2,113 $ 127 Derivatives 73 117 140 DAC/VOBA and Sales inducements adjustments on available-for-sale securities (855) (551) (73) Premium deficiency reserve adjustment (434) (211) (51) Other 2 — — Unrealized capital gains (losses), before tax 2,216 1,468 143 Deferred income tax asset (liability) (337) (180) (39) Unrealized capital gains (losses), after tax 1,879 1,288 104 Pension and other postretirement benefits liability, net of tax 3 4 4 AOCI $ 1,882 $ 1,292 $ 108
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Changes in AOCI, including the reclassification adjustments recognized in the Consolidated Statements of Operations were as follows for the periods indicated: Year Ended December 31, 2020 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 1,309 $ (275) $ 1,034 Other 2 — 2 Impairments — — Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 8 (2) 6 DAC/VOBA and Sales inducements (302) (1) 63 (239) Premium deficiency reserve adjustment (224) 47 (177) Change in unrealized gains/losses on available-for-sale securities 793 (167) 626 Derivatives: Derivatives (22) (2) 5 (17) Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (23) 5 (18) Change in unrealized gains/losses on derivatives (45) 10 (35) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (1) (3) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in Other comprehensive income (loss) $ 747 $ (157) $ 590 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. Year Ended December 31, 2019 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 1,995 $ (419) $ 1,576 Other — — — Impairments 1 — 1 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations (11) 2 (9) DAC/VOBA and Sales inducements (479) (1) 100 (379) Premium deficiency reserve adjustment (160) 33 (127) Change in unrealized gains/(losses) on available-for-sale securities 1,346 (284) 1,062 Derivatives: Derivatives 1 (2) — 1 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (23) 5 (18) Change in unrealized gains/(losses) on derivatives (22) 5 (17) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (1) (3) 3 2 Change in pension and other postretirement benefits liability (1) 3 2 Change in Other comprehensive income (loss) $ 1,323 $ (276) $ 1,047 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. Year Ended December 31, 2018 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ (1,401) $ 299 (4) $ (1,102) Other (5) 1 (4) Impairments 8 (2) 6 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 69 (14) 55 DAC/VOBA and Sales inducements 360 (1) (76) 284 Premium deficiency reserve adjustment 64 (13) 51 Change in unrealized gains/losses on available-for-sale securities (905) 195 (710) Derivatives: Derivatives 40 (2) (8) 32 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (24) 5 (19) Change in unrealized gains/losses on derivatives 16 (3) 13 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (1) (3) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in Other comprehensive income (loss) $ (890) $ 192 $ (698) (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense (benefit) consisted of the following for the periods indicated: Year Ended December 31, 2020 2019 2018 Current tax expense (benefit): Federal $ 6 $ 9 $ 3 Total current tax expense 6 9 3 Deferred tax expense (benefit): Federal (20) 23 58 Total deferred tax expense (benefit) (20) 23 58 Total income tax expense (benefit) $ (14) $ 32 $ 61
Schedule of Effective Income Tax Rate Reconciliation	Income taxes were different from the amount computed by applying the federal income tax rate to Income (loss) before income taxes for the following reasons for the periods indicated: Year Ended December 31, 2020 2019 2018 Income (loss) before income taxes $ 152 $ 332 $ 506 Tax rate 21.0 % 21.0 % 21.0 % Income tax expense (benefit) at federal statutory rate 32 70 106 Tax effect of: Dividends received deduction (37) (35) (49) Valuation allowance — — 9 Tax Attributes (8) (4) — Other (1) 1 (5) Income tax expense (benefit) $ (14) $ 32 $ 61 Effective tax rate (9.2) % 9.6 % 12.1 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of the dates indicated, are presented below. December 31, 2020 2019 Deferred tax assets Insurance reserves $ 112 $ 107 Investments 9 23 Compensation and benefits 60 57 Other assets 35 34 Total gross assets 216 221 Deferred tax liabilities Net unrealized investment (gains) losses (645) (424) Deferred policy acquisition costs (10) (101) Total gross liabilities (655) (525) Net deferred income tax asset (liability) $ (439) $ (304)

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan	The following table summarizes the benefit obligations for the SERPs and Agents Non-Qualified Plan as of December 31, 2020 and 2019: Year Ended December 31, 2020 2019 Change in benefit obligation: Benefit obligation, January 1 $ 82 $ 80 Interest cost 3 3 Benefits paid (6) (5) Actuarial (gains) losses on obligation 5 4 Benefit obligation, December 31 $ 84 $ 82
Schedule of Amounts Recognized in Consolidated Balance Sheets	Amounts recognized on the Consolidated Balance Sheets in Other liabilities and in AOCI were as follows as of December 31, 2020 and 2019: December 31, 2020 2019 Accrued benefit cost $ (84) $ (82) Accumulated other comprehensive income (loss): Prior service cost (credit) — — Net amount recognized $ (84) $ (82)
Schedule of Weighted Average Assumptions Used	The discount rate used in the measurement of the December 31, 2020 and 2019 benefit obligation for the SERPs and Agents Non-Qualified Plan, were as follows: 2020 2019 Discount rate 2.67 % 3.36 % The weighted-average discount rate used in calculating the net pension cost was as follows: 2020 2019 2018 Discount rate 3.36 % 4.46 % 3.85 %
Schedule of Net Periodic Benefit Costs	Net Periodic Benefit Costs Net periodic benefit costs for the SERPs and Agents Non-Qualified Plan were as follows for the years ended December 31, 2020, 2019 and 2018: Year Ended December 31, 2020 2019 2018 Interest cost $ 3 $ 3 $ 3 Amortization of prior service cost (credit) — — (1) Net (gain) loss recognition 5 4 (4) Net periodic (benefit) cost $ 8 $ 7 $ (2)
Schedule of Expected Benefit Payments	Expected Future Benefit Payments The following table summarizes the expected benefit payments related to the SERPs and Agents Non-Qualified Plan for the years indicated: 2021 $ 6 2022 6 2023 6 2024 6 2025 5 2026-2029 25

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Restricted Assets	The components of the fair value of the restricted assets were as follows as of the dates indicated: December 31, 2020 2019 Fixed maturity collateral pledged to FHLB (1) $ 997 $ 1,087 FHLB restricted stock (2) 44 44 Other fixed maturities-state deposits 14 14 Cash and cash equivalents 4 5 Securities pledged (3) 220 828 Total restricted assets $ 1,279 $ 1,978 (1) Included in Fixed maturities, available for sale, at fair value, on the Consolidated Balance Sheets. (2) Included in Other investments on the Consolidated Balance Sheets.

Business, Basis of Presentati_3

Business, Basis of Presentation and Significant Accounting Policies (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020USD ($)segment	Dec. 31, 2020USD ($)Rate	Dec. 31, 2019USD ($)
Item Effected [Line Items]
Revenue from contract with customer excluding assessed tax percentage	23.40%			19.70%
Number of operating segments | segment		1
Rate required of collateral as a percent of market value of loans securities	102.00%		102.00%
Accounting Standards Update 2014-09
Item Effected [Line Items]
Accounts Receivable, after Allowance for Credit Loss | $	$ 88	$ 88	$ 88	$ 97
Discontinued Operations, Held-for-sale | Directed Services LLC (DSL)
Item Effected [Line Items]
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest after Disposal	9.99%

Business, Basis of Presentati_4

Business, Basis of Presentation and Significant Accounting Policies Assumptions and Yields (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Variable Products
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Long-term equity return assumptions rate		9.00%
Variable products, assumptions, lookforward period		5 years
Investment Contract
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Credited interest rate maximum on fixed annuities and payout contracts without life contingencies	5.30%	4.30%	5.30%	5.30%
Minimum | Future Policy Benefits and Claims Reserves
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Future policy benefits, assumptions, discount rate		2.30%
Maximum | Variable Products
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Long-term equity return assumptions rate		14.00%
Maximum | Future Policy Benefits and Claims Reserves
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Future policy benefits, assumptions, discount rate		5.30%

Business, Basis of Presentati_5

Business, Basis of Presentation and Significant Accounting Policies Revenue Recognition (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2018
Disaggregation of Revenue [Line Items]
Capitalized Contract Cost, Impairment Loss			$ 0
Capitalized Contract Cost, Amortization			19	$ 23
Capitalized Contract Cost, Net			$ 105	$ 109
Revenue from contract with customer excluding assessed tax percentage			23.40%	19.70%
Other assets			$ 242	$ 255
Retained earnings			139	275
Operating expenses			1,090	1,056	$ 894
Net Cash Provided by (Used in) Operating Activities			$ 1,306	$ 1,363	$ 1,223
Investment Contracts [Member]
Disaggregation of Revenue [Line Items]
Credited interest rate maximum on fixed annuities and payout contracts without life contingencies		5.30%	4.30%	5.30%	5.30%
Recordkeeping & administration
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			$ 423	$ 405
Distribution & shareholder servicing
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			158	82
Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Accounts Receivable, after Allowance for Credit Loss			$ 88	97
Maximum
Disaggregation of Revenue [Line Items]
Finite-Lived Intangible Asset, Useful Life			15 years
Minimum
Disaggregation of Revenue [Line Items]
Finite-Lived Intangible Asset, Useful Life			5 years
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Other assets				0		$ 0
Deferred Income Tax Liabilities, Net				0		$ 0
Retained earnings				$ 0
Operating expenses	$ 0
Net Cash Provided by (Used in) Operating Activities	$ 0

Investments - Fixed Maturities

Investments - Fixed Maturities and Equity Securities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Available-for-sale Securities Including Securities Pledged [Line Items]
Securities pledged, Amortized Cost		$ 169	$ 749
US Treasury Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		535	565
Gross Unrealized Capital Gains		186	129
Gross Unrealized Capital Losses		0	3
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		721	691
OTTI		0	0
US Treasury and Government [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		18	19
Gross Unrealized Capital Gains		1	0
Gross Unrealized Capital Losses		0	0
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		19	19
OTTI		0	0
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		698	747
Gross Unrealized Capital Gains		116	68
Gross Unrealized Capital Losses		0	0
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		814	815
OTTI		0	0
U.S. Corporate Public Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		7,632	7,103
Gross Unrealized Capital Gains		1,531	941
Gross Unrealized Capital Losses		7	13
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		9,156	8,031
OTTI		0	0
U.S. Corporate Private Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		3,870	3,776
Gross Unrealized Capital Gains		536	306
Gross Unrealized Capital Losses		27	16
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		4,379	4,066
OTTI		0	0
Foreign Corporate Public Securities and Foreign Governments [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		2,539	2,417
Gross Unrealized Capital Gains		413	265
Gross Unrealized Capital Losses		1	3
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		2,951	2,679
OTTI		0	0
Foreign corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		2,991	3,171
Gross Unrealized Capital Gains		348	205
Gross Unrealized Capital Losses		25	1
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		3,303	3,375
OTTI		11	0
Residential Mortgage Backed Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		4,071	3,685
Gross Unrealized Capital Gains		171	125
Gross Unrealized Capital Losses		15	11
Embedded Derivatives		(11)	11
Fixed maturities including securities pledged, Fair Value		4,237	3,810
OTTI		1	2
Commercial Mortgage Backed Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		2,712	2,381
Gross Unrealized Capital Gains		207	122
Gross Unrealized Capital Losses		26	3
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		2,893	2,500
OTTI		0	0
Other asset-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		1,500	1,472
Gross Unrealized Capital Gains		28	15
Gross Unrealized Capital Losses		6	13
Embedded Derivatives		0	0
Fixed maturities including securities pledged, Fair Value		1,520	1,474
OTTI		2	1
Fixed Maturities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost		26,566	25,336
Total fixed maturities, less securities pledged, Amortized Cost		26,397	24,587
Gross Unrealized Capital Gains		3,537	2,176
Total fixed maturities, less securities pledged, Gross Unrealized Capital Gains		3,485	2,091
Gross Unrealized Capital Losses		107	63
Total fixed maturities, less securities pledged, Gross Unrealized Capital Losses		106	57
Embedded Derivatives		(11)	11
Fixed maturities including securities pledged, Fair Value		29,993	27,460
Total fixed maturities, less securities pledged, Fair Value		29,773	26,632
OTTI		14	3
Impaired
Available-for-sale Securities Including Securities Pledged [Line Items]
Net unrealized gains on impaired available-for-sale securities	$ 194
Collateral Pledged
Available-for-sale Securities Including Securities Pledged [Line Items]
Securities pledged, Gross Unrealized Capital Losses		220	828
Collateral Pledged | Fixed Maturities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Securities pledged, Amortized Cost		169	749
Securities pledged, Gross Unrealized Capital Gains		52	85
Securities pledged, Gross Unrealized Capital Losses		1	6
Embedded Derivatives		0	0
Securities pledged, Gross Unrealized Capital Losses		220	828
OTTI		$ 0	$ 0

Investments - Debt Maturities (

Investments - Debt Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Fixed Maturities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
One year or less, Amortized cost	$ 788
One year or less, Fair value	797
After one year through five years, Amortized Cost	3,421
After one year through five years, Fair Value	3,686
After five years through ten years, Amortized Cost	5,244
After five years through ten years, Fair Value	5,980
After ten years, Amortized Cost	8,830
After ten years, Fair Value	10,880
Amortized Cost	26,566	$ 25,336
Fixed maturities including securities pledged, Fair Value	29,993	27,460
Mortgage-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	6,783
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	7,130
Other asset-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	1,500
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	1,520
Amortized Cost	1,500	1,472
Fixed maturities including securities pledged, Fair Value	$ 1,520	$ 1,474

Investments - Composition of US

Investments - Composition of US and Foreign Corporate Securities (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Communications
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	$ 950	$ 1,002
Gross Unrealized Capital Gains	231	156
Gross Unrealized Capital Losses	1	0
Fair Value	1,180	1,158
Financial
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	2,921	2,650
Gross Unrealized Capital Gains	472	302
Gross Unrealized Capital Losses	2	0
Fair Value	3,391	2,952
Industrial and other companies
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	7,284	7,053
Gross Unrealized Capital Gains	1,155	667
Gross Unrealized Capital Losses	13	11
Fair Value	8,426	7,709
Energy
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	1,571	1,675
Gross Unrealized Capital Gains	259	185
Gross Unrealized Capital Losses	22	18
Fair Value	1,808	1,842
Utilities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	3,025	2,913
Gross Unrealized Capital Gains	530	294
Gross Unrealized Capital Losses	1	1
Fair Value	3,554	3,206
Transportation
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	929	856
Gross Unrealized Capital Gains	128	78
Gross Unrealized Capital Losses	20	2
Fair Value	1,037	932
Total
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	16,680	16,149
Gross Unrealized Capital Gains	2,775	1,682
Gross Unrealized Capital Losses	59	32
Fair Value	$ 19,396	$ 17,799

Investments - Fixed Maturitie_2

Investments - Fixed Maturities and Equity Securities, Repurchase Agreement, Securities Lending, VIEs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Available-for-sale Securities Including Securities Pledged [Line Items]
Rate required of collateral as a percent of market value of loans securities	102.00%	102.00%
Securities received as collateral	$ 70,000,000	$ 70,000,000	$ 91,000,000
Payables under securities loan agreements, including collateral held	208,000,000	208,000,000	865,000,000
Securities pledged
Available-for-sale Securities Including Securities Pledged [Line Items]
Fair value of loaned securities	143,000,000	143,000,000	715,000,000
Short-term investments
Available-for-sale Securities Including Securities Pledged [Line Items]
Securities received as collateral	74,000,000	74,000,000	650,000,000
Payables under securities loan agreement, including collateral held
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	$ 74,000,000	$ 74,000,000	$ 650,000,000
CMOs
Available-for-sale Securities Including Securities Pledged [Line Items]
Percentage collateralized of mortgage backed securities including interest-only strip or principal-only strip	48.20%	48.20%	48.40%
US Treasury Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	$ 70,000,000	$ 70,000,000	$ 109,000,000
U.S. Corporate Public Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	54,000,000	54,000,000	447,000,000
Foreign Corporate Public Securities and Foreign Governments [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	20,000,000	20,000,000	185,000,000
Equity Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	0	0	0
Payables under securities loan agreements
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	$ 144,000,000	$ 144,000,000	$ 741,000,000

Investments - Allowance for cre

Investments - Allowance for credit losses (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit losses on securities for which credit losses were not previously recorded	$ 14
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0
Reductions for securities sold during the period	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0
Increase (decrease) on securities with allowance recorded in previous period	0
Write-offs	0
Recoveries of amounts previously written off	0
Balance at December 31, 2020	14
Residential Mortgage Backed Securities [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit losses on securities for which credit losses were not previously recorded	1
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0
Reductions for securities sold during the period	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0
Increase (decrease) on securities with allowance recorded in previous period	0
Write-offs	0
Recoveries of amounts previously written off	0
Balance at December 31, 2020	1
Commercial Mortgage Backed Securities [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit losses on securities for which credit losses were not previously recorded	0
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0
Reductions for securities sold during the period	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0
Increase (decrease) on securities with allowance recorded in previous period	0
Write-offs	0
Recoveries of amounts previously written off	0
Balance at December 31, 2020	0
Other asset-backed securities
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit losses on securities for which credit losses were not previously recorded	2
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0
Reductions for securities sold during the period	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0
Increase (decrease) on securities with allowance recorded in previous period	0
Write-offs	0
Recoveries of amounts previously written off	0
Balance at December 31, 2020	2
Foreign corporate private securities
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit losses on securities for which credit losses were not previously recorded	11
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0
Reductions for securities sold during the period	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0
Increase (decrease) on securities with allowance recorded in previous period	0
Write-offs	0
Recoveries of amounts previously written off	0
Balance at December 31, 2020	$ 11

Investments - Unrealized Capita

Investments - Unrealized Capital Losses (Details) $ in Millions	Dec. 31, 2020USD ($)securities	Dec. 31, 2019USD ($)securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 2,134	$ 1,389
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 78	$ 17
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	555	289
More Than Twelve Months Below Amortized Cost, Fair Value	$ 519	$ 1,043
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 29	$ 46
More than twelve months below amortized cost, Number of Securities | securities	163	278
Total Fair Value	$ 2,653	$ 2,432
Total Unrealized Capital Losses	$ 107	$ 63
Total Number of Securities | securities	718	567
US Treasury Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 8	$ 68
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 0	3
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	2
More Than Twelve Months Below Amortized Cost, Fair Value	$ 0	12
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 0	0
More than twelve months below amortized cost, Number of Securities | securities	0
Total Fair Value	$ 8	80
Total Unrealized Capital Losses	$ 0	3
Total Number of Securities | securities	2
US Treasury and Government [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 0	18
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 0
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	0
More Than Twelve Months Below Amortized Cost, Fair Value	$ 0
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 0
More than twelve months below amortized cost, Number of Securities | securities	0
Total Fair Value	$ 0	18
Total Unrealized Capital Losses	$ 0
Total Number of Securities | securities	0
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 5	21
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 0	0
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	2
More Than Twelve Months Below Amortized Cost, Fair Value	$ 0	0
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 0	0
More than twelve months below amortized cost, Number of Securities | securities	0
Total Fair Value	$ 5	21
Total Unrealized Capital Losses	$ 0	0
Total Number of Securities | securities	2
U.S. Corporate Public Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 199	97
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 5	3
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	182
More Than Twelve Months Below Amortized Cost, Fair Value	$ 22	131
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 2	10
More than twelve months below amortized cost, Number of Securities | securities	4
Total Fair Value	$ 221	228
Total Unrealized Capital Losses	$ 7	13
Total Number of Securities | securities	186
U.S. Corporate Private Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 316	75
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 10	0
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	29
More Than Twelve Months Below Amortized Cost, Fair Value	$ 71	134
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 17	16
More than twelve months below amortized cost, Number of Securities | securities	7
Total Fair Value	$ 387	209
Total Unrealized Capital Losses	$ 27	16
Total Number of Securities | securities	36
Foreign Corporate Public Securities and Foreign Governments [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 32	6
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 1	0
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	22
More Than Twelve Months Below Amortized Cost, Fair Value	$ 6	53
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 0	3
More than twelve months below amortized cost, Number of Securities | securities	2
Total Fair Value	$ 38	59
Total Unrealized Capital Losses	$ 1	3
Total Number of Securities | securities	24
Foreign corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 176	21
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 25	0
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	20
More Than Twelve Months Below Amortized Cost, Fair Value	$ 3	56
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 0	1
More than twelve months below amortized cost, Number of Securities | securities	1
Total Fair Value	$ 179	77
Total Unrealized Capital Losses	$ 25	1
Total Number of Securities | securities	21
Residential Mortgage Backed Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 613	535
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 11	6
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	134
More Than Twelve Months Below Amortized Cost, Fair Value	$ 119	139
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 4	5
More than twelve months below amortized cost, Number of Securities | securities	54
Total Fair Value	$ 732	674
Total Unrealized Capital Losses	$ 15	11
Total Number of Securities | securities	188
Commercial Mortgage Backed Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 579	331
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 25	3
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	105
More Than Twelve Months Below Amortized Cost, Fair Value	$ 33	18
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 1	0
More than twelve months below amortized cost, Number of Securities | securities	7
Total Fair Value	$ 612	349
Total Unrealized Capital Losses	$ 26	3
Total Number of Securities | securities	112
Other asset-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 206	217
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 1	2
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	59
More Than Twelve Months Below Amortized Cost, Fair Value	$ 265	500
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 5	11
More than twelve months below amortized cost, Number of Securities | securities	88
Total Fair Value	$ 471	717
Total Unrealized Capital Losses	$ 6	$ 13
Total Number of Securities | securities	147

Investments - Unrealized Capi_2

Investments - Unrealized Capital Losses 1 (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)securities	Dec. 31, 2019USD ($)securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Available For Sale Securities Change in Loss Position	$ 44
Total Unrealized Capital Losses	107	$ 63
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 29	$ 46
More than twelve months below amortized cost, Number of Securities | securities	163	278
Total Number of Securities | securities	718	567
Fair value decline below amortized cost greater than 20%
Available-for-sale Securities Including Securities Pledged [Line Items]
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 5
More than twelve months below amortized cost, Number of Securities | securities	3

Investments - OTTI (Details)

Investments - OTTI (Details) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020USD ($)securities	Sep. 30, 2019USD ($)securities	Dec. 31, 2020USD ($)securities	Dec. 31, 2019USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 40	$ 20	$ 37
No. of Securities | securities	235	66	291
Credit Impairments		$ 14	$ 0	$ 20
Intent Impairments		6	37	$ 20
Other than Temporary Impairment Losses, Investments, Portion Recognized in Assets, Intent Impairments, Designated to be included in reinsurance agreement with Individual Life Transaction			26
US States and Political Subdivisions Debt Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 0	$ 0	$ 0
No. of Securities | securities	6	0	6
U.S. Corporate Public Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 11	$ 6	$ 12
No. of Securities | securities	25	2	43
U.S. Corporate Private Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 1	$ 0	$ 0
No. of Securities | securities	16	0	2
Foreign Corporate Public Securities and Foreign Governments [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 3	$ 2	$ 1
No. of Securities | securities	15	3	22
Foreign corporate private securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 18	$ 9	$ 0
No. of Securities | securities	11	1	7
Residential Mortgage Backed Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 4	$ 3	$ 3
No. of Securities | securities	71	58	44
Commercial Mortgage Backed Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 0	$ 0	$ 20
No. of Securities | securities	18	1	106
Other asset-backed securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Impairment	$ 3	$ 0	$ 1
No. of Securities | securities	73	1	61

Investments - Troubled Debt Res

Investments - Troubled Debt Restructuring (Details)	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Mortgage Loans in Process of Foreclosure, Amount | $		$ 0
60 to 89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Past Due | $		$ 0
Commercial portfolio segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructuring, Number of Contracts | loan		1
Troubled Debt Restructuring, Postmodification | $	$ 45,000,000
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | loan	0
Private Placement
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructuring, Number of Contracts | loan	0	1
Troubled Debt Restructuring, Premodification | $	$ 0
Troubled Debt Restructuring, Postmodification | $	$ 0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | loan	0	0
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructuring, Number of Contracts | loan	8

Investments - Loans by Loan to

Investments - Loans by Loan to Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 4,694	$ 4,664
Targeted maximum amount of mortgage loans lended, percent of estimated fair value of underlying real estate	75.00%
Benchmark loan to value ratio, greater than indicates unpaid loan amount exceeds underlying collateral	100.00%
Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 2,969	$ 380
Loan to Value Ratio, minimum	0.00%	0.00%
Loan to Value Ratio, maximum	50.00%	50.00%
Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 1,484	$ 1,173
Loan to Value Ratio, minimum	50.00%	50.00%
Loan to Value Ratio, maximum	60.00%	60.00%
Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 241	$ 2,552
Loan to Value Ratio, minimum	60.00%	60.00%
Loan to Value Ratio, maximum	70.00%	70.00%
Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 0	$ 509
Loan to Value Ratio, minimum	70.00%	70.00%
Loan to Value Ratio, maximum	80.00%	80.00%
>80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 0	$ 50
Loan to Value Ratio, minimum	80.00%	80.00%
Year of Origination 2020 [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 409
Year of Origination 2020 [Member] | Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	164
Year of Origination 2020 [Member] | Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	206
Year of Origination 2020 [Member] | Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	39
Year of Origination 2020 [Member] | Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0
Year of Origination 2020 [Member] | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0
Year of Origination 2019 [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	481	$ 522
Year of Origination 2019 [Member] | Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	209	85
Year of Origination 2019 [Member] | Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	165	96
Year of Origination 2019 [Member] | Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	107	145
Year of Origination 2019 [Member] | Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	170
Year of Origination 2019 [Member] | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	26
Year of Origination 2018 [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	288	349
Year of Origination 2018 [Member] | Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	124	4
Year of Origination 2018 [Member] | Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	91	88
Year of Origination 2018 [Member] | Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	73	110
Year of Origination 2018 [Member] | Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	133
Year of Origination 2018 [Member] | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	14
Year of Origination 2017 [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	861	934
Year of Origination 2017 [Member] | Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	499	101
Year of Origination 2017 [Member] | Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	356	244
Year of Origination 2017 [Member] | Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	6	566
Year of Origination 2017 [Member] | Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	13
Year of Origination 2017 [Member] | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	10
Year of Origination 2016 [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	675	697
Year of Origination 2016 [Member] | Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	399	46
Year of Origination 2016 [Member] | Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	275	150
Year of Origination 2016 [Member] | Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	1	470
Year of Origination 2016 [Member] | Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	31
Year of Origination 2016 [Member] | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Year of Origination 2015 [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	475	529
Year of Origination 2015 [Member] | Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	407	10
Year of Origination 2015 [Member] | Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	68	343
Year of Origination 2015 [Member] | Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	168
Year of Origination 2015 [Member] | Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	8
Year of Origination 2015 [Member] | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Year of Origination 2014 and prior [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,505	1,633
Year of Origination 2014 and prior [Member] | Loans Receivable, Loan to Value Ratio, Range One [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,167	134
Year of Origination 2014 and prior [Member] | Loans Receivable, Loan to Value Ratio, Range Two [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	323	252
Year of Origination 2014 and prior [Member] | Loans Receivable, Loan to Value Ratio, Range Three [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	15	1,093
Year of Origination 2014 and prior [Member] | Loans Receivable, Loan to Value Ratio, Range Four [Member]
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	154
Year of Origination 2014 and prior [Member] | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 0	$ 0

Investments - Loans by Debt Ser

Investments - Loans by Debt Service Coverage Ratio (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		$ 4,694	$ 4,664
Benchmark debt service coverage ratio, less than indicates property's operations income is less than debt payments		100.00%
Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		$ 3,480	3,535
Loans Receivable, Debt Service Coverage Ratio, Minimum	150.00%	150.00%
Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		$ 684	587
Loans Receivable, Debt Service Coverage Ratio, Minimum	125.00%	125.00%
Loans Receivable, Debt Service Coverage Ratio, Maximum	150.00%	150.00%
Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		$ 320	346
Loans Receivable, Debt Service Coverage Ratio, Minimum	100.00%	100.00%
Loans Receivable, Debt Service Coverage Ratio, Maximum	125.00%	125.00%
Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		$ 210	196
Loans Receivable, Debt Service Coverage Ratio, Minimum	0.00%	0.00%
Loans Receivable, Debt Service Coverage Ratio, Maximum	100.00%	100.00%
Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		$ 0	0
Year of Origination 2020 [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		409
Year of Origination 2020 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		298
Year of Origination 2020 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		93
Year of Origination 2020 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		18
Year of Origination 2020 [Member] | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0
Year of Origination 2020 [Member] | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0
Year of Origination 2019 [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		481	522
Year of Origination 2019 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		319	353
Year of Origination 2019 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		77	127
Year of Origination 2019 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		36	42
Year of Origination 2019 [Member] | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		49	0
Year of Origination 2019 [Member] | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0	0
Year of Origination 2018 [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		288	349
Year of Origination 2018 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		102	236
Year of Origination 2018 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		79	3
Year of Origination 2018 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		60	60
Year of Origination 2018 [Member] | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		47	50
Year of Origination 2018 [Member] | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0	0
Year of Origination 2017 [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		861	934
Year of Origination 2017 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		494	481
Year of Origination 2017 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		204	238
Year of Origination 2017 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		103	133
Year of Origination 2017 [Member] | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		60	82
Year of Origination 2017 [Member] | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0	0
Year of Origination 2016 [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		675	697
Year of Origination 2016 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		591	615
Year of Origination 2016 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		53	59
Year of Origination 2016 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		31	23
Year of Origination 2016 [Member] | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0	0
Year of Origination 2016 [Member] | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0	0
Year of Origination 2015 [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		475	529
Year of Origination 2015 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		445	492
Year of Origination 2015 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		23	32
Year of Origination 2015 [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0	0
Year of Origination 2015 [Member] | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		7	5
Year of Origination 2015 [Member] | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		0	0
Year of Origination 2014 and prior [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		1,505	1,633
Year of Origination 2014 and prior [Member] | Loans Receivable, Debt Service Coverage Ratio, Range One [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		1,231	1,358
Year of Origination 2014 and prior [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Two [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		155	128
Year of Origination 2014 and prior [Member] | Loans Receivable, Debt Service Coverage Ratio, Range Three [Member]
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		72	88
Year of Origination 2014 and prior [Member] | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		47	59
Year of Origination 2014 and prior [Member] | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Mortgage loans, before Allowance for Credit Loss		$ 0	$ 0

Investments - Loans by U.S. Reg

Investments - Loans by U.S. Region (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 4,694	$ 4,664
Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	977	944
South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,027	966
Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	961	1,019
West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	517	537
Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	456	442
East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	391	383
New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	81	84
West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	202	212
East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	82	77
Year of Origination 2020 [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	409
Year of Origination 2020 [Member] | Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	84
Year of Origination 2020 [Member] | South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	159
Year of Origination 2020 [Member] | Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	35
Year of Origination 2020 [Member] | West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	37
Year of Origination 2020 [Member] | Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	32
Year of Origination 2020 [Member] | East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	29
Year of Origination 2020 [Member] | New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	1
Year of Origination 2020 [Member] | West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	12
Year of Origination 2020 [Member] | East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	20
Year of Origination 2019 [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	481	522
Year of Origination 2019 [Member] | Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	63	63
Year of Origination 2019 [Member] | South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	122	127
Year of Origination 2019 [Member] | Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	11	26
Year of Origination 2019 [Member] | West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	137	155
Year of Origination 2019 [Member] | Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	54	53
Year of Origination 2019 [Member] | East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	39	43
Year of Origination 2019 [Member] | New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	17	18
Year of Origination 2019 [Member] | West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	11	11
Year of Origination 2019 [Member] | East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	27	26
Year of Origination 2018 [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	288	349
Year of Origination 2018 [Member] | Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	49	50
Year of Origination 2018 [Member] | South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	98	132
Year of Origination 2018 [Member] | Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	57	60
Year of Origination 2018 [Member] | West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	34	43
Year of Origination 2018 [Member] | Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	26	26
Year of Origination 2018 [Member] | East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	11	11
Year of Origination 2018 [Member] | New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss		0
Year of Origination 2018 [Member] | West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	13	12
Year of Origination 2018 [Member] | East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	15
Year of Origination 2017 [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	861	934
Year of Origination 2017 [Member] | Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	99	103
Year of Origination 2017 [Member] | South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	98	99
Year of Origination 2017 [Member] | Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	352	396
Year of Origination 2017 [Member] | West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	136	151
Year of Origination 2017 [Member] | Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	74	77
Year of Origination 2017 [Member] | East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	60	60
Year of Origination 2017 [Member] | New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	5	5
Year of Origination 2017 [Member] | West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	37	43
Year of Origination 2017 [Member] | East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Year of Origination 2016 [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	675	697
Year of Origination 2016 [Member] | Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	156	158
Year of Origination 2016 [Member] | South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	127	132
Year of Origination 2016 [Member] | Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	180	187
Year of Origination 2016 [Member] | West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	32	32
Year of Origination 2016 [Member] | Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	72	75
Year of Origination 2016 [Member] | East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	72	77
Year of Origination 2016 [Member] | New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	9	9
Year of Origination 2016 [Member] | West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	21	21
Year of Origination 2016 [Member] | East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	6	6
Year of Origination 2015 [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	475	529
Year of Origination 2015 [Member] | Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	109	125
Year of Origination 2015 [Member] | South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	133	160
Year of Origination 2015 [Member] | Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	100	103
Year of Origination 2015 [Member] | West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	30	34
Year of Origination 2015 [Member] | Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	42	43
Year of Origination 2015 [Member] | East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	48	50
Year of Origination 2015 [Member] | New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	9	10
Year of Origination 2015 [Member] | West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	4	4
Year of Origination 2015 [Member] | East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Year of Origination 2014 and prior [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,505	1,633
Year of Origination 2014 and prior [Member] | Pacific [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	417	445
Year of Origination 2014 and prior [Member] | South Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	290	316
Year of Origination 2014 and prior [Member] | Middle Atlantic [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	226	247
Year of Origination 2014 and prior [Member] | West South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	111	122
Year of Origination 2014 and prior [Member] | Mountain [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	156	168
Year of Origination 2014 and prior [Member] | East North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	132	142
Year of Origination 2014 and prior [Member] | New England [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	40	42
Year of Origination 2014 and prior [Member] | West North Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	104	121
Year of Origination 2014 and prior [Member] | East South Central [Member]
Open Option Contracts Written [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 29	$ 30

Investments - Loans by Property

Investments - Loans by Property Type (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 4,694	$ 4,664
Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	409
Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	481	522
Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	288	349
Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	861	934
Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	675	697
Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	475	529
Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,505	1,633
Retail [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,155	1,198
Retail [Member] | Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	51
Retail [Member] | Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	32	33
Retail [Member] | Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	49	52
Retail [Member] | Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	102	104
Retail [Member] | Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	129	131
Retail [Member] | Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	121	148
Retail [Member] | Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	671	730
Industrial Property [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,188	1,216
Industrial Property [Member] | Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	73
Industrial Property [Member] | Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	73	90
Industrial Property [Member] | Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	78	91
Industrial Property [Member] | Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	415	461
Industrial Property [Member] | Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	244	254
Industrial Property [Member] | Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	180	185
Industrial Property [Member] | Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	125	135
Apartment Building [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	1,228	1,185
Apartment Building [Member] | Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	141
Apartment Building [Member] | Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	283	299
Apartment Building [Member] | Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	124	152
Apartment Building [Member] | Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	204	218
Apartment Building [Member] | Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	138	147
Apartment Building [Member] | Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	65	69
Apartment Building [Member] | Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	273	300
Office Building [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	773	697
Office Building [Member] | Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	144
Office Building [Member] | Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	71	81
Office Building [Member] | Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	17	32
Office Building [Member] | Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	136	147
Office Building [Member] | Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	144	146
Office Building [Member] | Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	51	62
Office Building [Member] | Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	210	229
Hotel [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	117	127
Hotel [Member] | Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0
Hotel [Member] | Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	22	19
Hotel [Member] | Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	3	4
Hotel [Member] | Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	4	4
Hotel [Member] | Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	9	8
Hotel [Member] | Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	17	23
Hotel [Member] | Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	62	69
Other Property [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	190	197
Other Property [Member] | Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0
Other Property [Member] | Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Other Property [Member] | Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	17	18
Other Property [Member] | Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Other Property [Member] | Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	7	7
Other Property [Member] | Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	41	42
Other Property [Member] | Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	125	130
Mixed Use [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	43	44
Mixed Use [Member] | Year of Origination 2020 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0
Mixed Use [Member] | Year of Origination 2019 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Mixed Use [Member] | Year of Origination 2018 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Mixed Use [Member] | Year of Origination 2017 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Mixed Use [Member] | Year of Origination 2016 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	4	4
Mixed Use [Member] | Year of Origination 2015 [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	0	0
Mixed Use [Member] | Year of Origination 2014 and prior [Member]
Investment Holdings [Line Items]
Mortgage loans, before Allowance for Credit Loss	$ 39	$ 40

Investments - Allowance for Loa

Investments - Allowance for Loan Losses (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Credit losses on securities for which credit losses were not previously recorded	$ 14
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0
Increase (decrease) on securities with allowance recorded in previous period	0
Write-offs	0
Recoveries of amounts previously written off	0
Balance at December 31, 2020	14
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	12
Credit losses on securities for which credit losses were not previously recorded	5
Increase (decrease) on securities with allowance recorded in previous period	52
Provision for expected credit loss	69
Write-offs	(2)
Recoveries of amounts previously written off	0
Balance at December 31, 2020	67
Commercial Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	$ 12
Commercial Portfolio Segment [Member] | COVID-19 Pandemic [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Mortgage Loans On Real Estate, Payment Forbearance Provided, Percent of Outstanding Principal Amount Of Loans	7.00%

Investments - Past due commerci

Investments - Past due commercial mortgage loans (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Financing Receivable, Past Due [Line Items]
Past due commercial mortgage loans	$ 4,694	$ 4,664
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Commercial Mortgage Loans in Non-accrual Status | loan	1	0
Commercial Mortgage Loans Over 90 Days or More Past Due in Accrual Status | loan	0
Commercial Mortgage Loans in Accrual Status without Allowance for Credit Losses | loan	0
interest income recognized on loans in non-accrual status	$ 0
Current
Financing Receivable, Past Due [Line Items]
Past due commercial mortgage loans	4,691	$ 4,664
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past due commercial mortgage loans	0	0
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past due commercial mortgage loans	0	0
Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Past due commercial mortgage loans	$ 3	$ 0

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 1,933	$ 1,763	$ 1,695
Less: investment expenses	75	74	72
Net investment income	1,858	1,689	1,623
Fixed Maturities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	1,603	1,432	1,363
Financing Receivable, Nonaccrual	1	0
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	9	6	5
Mortgage loans on real estate
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	200	224	220
Policy Loans [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	12	7	9
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2	3	3
Other
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 107	$ 91	$ 95

Investments - Net Realized Capi

Investments - Net Realized Capital Gains (Losses) (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	$ (144,000,000)	$ (242,000,000)	$ (310,000,000)	$ (144,000,000)	$ (242,000,000)
Proceeds from sale of investments
Proceeds on sales			1,512,000,000	2,418,000,000	2,498,000,000
Gross gains			85,000,000	30,000,000	14,000,000
Gross losses			59,000,000	25,000,000	50,000,000
Embedded derivatives - fixed maturities
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	2,000,000	(4,000,000)	0
Guaranteed benefit derivatives
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	(11,000,000)	94,000,000	(27,000,000)
Mortgage loans on real estate
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)			(56,000,000)	$ 0	$ 0
Derivatives
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	(82,000,000)	(36,000,000)	49,000,000
Other investments
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	(1,000,000)	4,000,000	1,000,000
Fixed maturities, available-for-sale, including securities pledged
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	11,000,000	(69,000,000)	(23,000,000)
Fixed maturities, at fair value using the fair value option
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	(47,000,000)	(227,000,000)	(257,000,000)
Equity Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)	$ (16,000,000)	$ (4,000,000)	$ 3,000,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional and Fair Values (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Asset Fair Value	$ 156	$ 235
Liability Fair Value	279	341
Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	12,567	17,621
Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	711	706
Equity contracts
Derivatives, Fair Value [Line Items]
Notional Amount	55	63
Credit contracts
Derivatives, Fair Value [Line Items]
Notional Amount	188	182
Designated as Hedging Instrument | Cash flow hedges | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	18	23
Designated as Hedging Instrument | Cash flow hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	628	652
Designated as Hedging Instrument | Derivatives | Cash flow hedges | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	0	0
Designated as Hedging Instrument | Derivatives | Cash flow hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	3	10
Liability Fair Value	36	18
Not Designated as Hedging Instrument | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	14,155	18,640
Not Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	83	54
Not Designated as Hedging Instrument | Equity contracts
Derivatives, Fair Value [Line Items]
Notional Amount	55	63
Not Designated as Hedging Instrument | Fixed Maturities [Member]
Derivatives, Fair Value [Line Items]
Asset Fair Value	11	11
Liability Fair Value	0	0
Not Designated as Hedging Instrument | Within products
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	59	33
Not Designated as Hedging Instrument | Within reinsurance agreements
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	0	23
Not Designated as Hedging Instrument | Managed Custody Guarantees [Member]
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	4	0
Not Designated as Hedging Instrument | Credit contracts
Derivatives, Fair Value [Line Items]
Notional Amount	188	182
Not Designated as Hedging Instrument | Derivatives | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	137	210
Liability Fair Value	171	261
Not Designated as Hedging Instrument | Derivatives | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	3	1
Not Designated as Hedging Instrument | Derivatives | Equity contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	5	4
Liability Fair Value	5	3
Not Designated as Hedging Instrument | Derivatives | Credit contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	$ 1	$ 2

Derivative Financial Instrume_4

Derivative Financial Instruments - Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Offsetting Assets and liabilities [Line Items]
Asset Fair Value	$ 145	$ 224
Liability Fair Value	216	285
Counterparty netting, Assets	(141)	(217)
Counterparty netting, Liabilities	(141)	(217)
Cash collateral netting, Assets	(1)	(6)
Cash collateral netting, Liabilities	(43)	(58)
Securities collateral netting, Assets	0	0
Securities collateral netting, Liabilities	(28)	(5)
Net receivables	3	1
Net payables	4	5
Equity contracts
Offsetting Assets and liabilities [Line Items]
Notional Amount	55	63
Asset Fair Value	5	4
Liability Fair Value	5	3
Foreign exchange contracts
Offsetting Assets and liabilities [Line Items]
Notional Amount	711	706
Asset Fair Value	3	10
Liability Fair Value	39	19
Interest rate contracts
Offsetting Assets and liabilities [Line Items]
Notional Amount	12,567	17,621
Asset Fair Value	137	210
Liability Fair Value	171	261
Credit contracts
Offsetting Assets and liabilities [Line Items]
Notional Amount	188	182
Asset Fair Value	0	0
Liability Fair Value	$ 1	$ 2

Derivative Financial Instrume_5

Derivative Financial Instruments - Net Realized Gains (Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 48	$ (193)	$ 104
Net investment income	1,858	1,689	1,623
Other net realized capital gains (losses)	(273)	(101)	(222)
Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Cash flow hedges | Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	1	2
Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Cash flow hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(23)	0
Investment Income | Designated as Hedging Instrument | Cash flow hedges | Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0
Investment Income | Designated as Hedging Instrument | Cash flow hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	7	10
Net realized gains (losses) on derivatives	10	10
Other Net Realized Capital Gains (Losses) | Fixed Maturities [Member]
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	2	(4)
Other Net Realized Capital Gains (Losses) | Within products
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(23)	(11)	94
Other Net Realized Capital Gains (Losses) | Designated as Hedging Instrument | Cash flow hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Net realized gains (losses) on derivatives	(3)	0
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	51	(85)	(44)
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(2)	1	1
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Equity contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	1	0
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Credit contracts
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	3	1	(1)
Interest Credited and Other Benefits to Contract Owners | Within reinsurance agreements
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	23	(102)	58
Gain (Loss) on Investments [Member] | Managed Custody Guarantees [Member]
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (4)	$ 0	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Collateral and Credit Default Swaps (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Asset Fair Value	$ 156	$ 235
Liability Fair Value	279	341
Securities pledged
Derivatives, Fair Value [Line Items]
Net cash collateral	0	0
Fair value of securities delivered as collateral	77	113
Over the Counter | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Net cash collateral	5	7
Exchange Cleared | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Net cash collateral	$ 43	$ 55

Fair Value Measurements - Fair

Fair Value Measurements - Fair Vaue Measurement (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Assets:
Derivatives	$ 145	$ 224
Separate Account Asset	87,319	78,713
Liabilities:
Derivatives	216	285
Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	29,993	27,460
Cash, Cash Equivalents, and Short-term Investments	626	1,429
Separate Account Asset	87,319	78,713
Total assets, fair value	$ 118,199	$ 107,906
Percentage of Level to total	100.00%	100.00%
Liabilities:
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 279	$ 341
Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	548	536
Cash, Cash Equivalents, and Short-term Investments	610	1,429
Separate Account Asset	81,096	72,448
Total assets, fair value	$ 82,278	$ 74,431
Percentage of Level to total	69.00%	69.00%
Liabilities:
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 0	$ 0
Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	27,737	25,621
Cash, Cash Equivalents, and Short-term Investments	16	0
Separate Account Asset	6,001	6,150
Total assets, fair value	$ 33,892	$ 31,994
Percentage of Level to total	29.00%	30.00%
Liabilities:
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 216	$ 308
Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	1,708	1,303
Cash, Cash Equivalents, and Short-term Investments	0	0
Separate Account Asset	222	115
Total assets, fair value	$ 2,029	$ 1,481
Percentage of Level to total	2.00%	1.00%
Liabilities:
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 63	$ 33
Fixed Maturities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	29,993	27,460
US Treasury Securities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	721	691
US Treasury Securities [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	721	691
US Treasury Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	548	536
US Treasury Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	173	155
US Treasury Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
US Treasury and Government [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	19	19
US Treasury and Government [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	19	19
US Treasury and Government [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
US Treasury and Government [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	19	19
US Treasury and Government [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
US States and Political Subdivisions Debt Securities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	814	815
US States and Political Subdivisions Debt Securities [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	814	815
US States and Political Subdivisions Debt Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
US States and Political Subdivisions Debt Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	814	815
US States and Political Subdivisions Debt Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
U.S. Corporate Public Securities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	9,156	8,031
U.S. Corporate Public Securities [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	9,156	8,031
U.S. Corporate Public Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
U.S. Corporate Public Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	9,099	7,984
U.S. Corporate Public Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	57	47
U.S. Corporate Private Securities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	4,379	4,066
U.S. Corporate Private Securities [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	4,379	4,066
U.S. Corporate Private Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
U.S. Corporate Private Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	3,093	3,064
U.S. Corporate Private Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	1,286	1,002
Foreign Corporate Public Securities and Foreign Governments [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	2,951	2,679
Foreign Corporate Public Securities and Foreign Governments [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	2,951	2,679
Foreign Corporate Public Securities and Foreign Governments [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
Foreign Corporate Public Securities and Foreign Governments [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	2,951	2,679
Foreign Corporate Public Securities and Foreign Governments [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
Foreign corporate private securities
Assets:
Fixed maturities including securities pledged, Fair Value	3,303	3,375
Foreign corporate private securities | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	3,303	3,375
Foreign corporate private securities | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
Foreign corporate private securities | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	3,008	3,185
Foreign corporate private securities | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	295	190
Residential Mortgage Backed Securities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	4,237	3,810
Residential Mortgage Backed Securities [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	4,237	3,810
Residential Mortgage Backed Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
Residential Mortgage Backed Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	4,204	3,794
Residential Mortgage Backed Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	33	16
Commercial Mortgage Backed Securities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	2,893	2,500
Commercial Mortgage Backed Securities [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	2,893	2,500
Commercial Mortgage Backed Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
Commercial Mortgage Backed Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	2,893	2,500
Commercial Mortgage Backed Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
Asset-backed Securities [Member]
Assets:
Fixed maturities including securities pledged, Fair Value	1,520	1,474
Asset-backed Securities [Member] | Assets measured on recurring basis
Assets:
Fixed maturities including securities pledged, Fair Value	1,520	1,474
Asset-backed Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Fixed maturities including securities pledged, Fair Value	0	0
Asset-backed Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Fixed maturities including securities pledged, Fair Value	1,483	1,426
Asset-backed Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Fixed maturities including securities pledged, Fair Value	37	48
Equity Securities [Member] | Assets measured on recurring basis
Assets:
Equity securities, available-for-sale	116	80
Equity Securities [Member] | Assets measured on recurring basis | Level 1
Assets:
Equity securities, available-for-sale	17	17
Equity Securities [Member] | Assets measured on recurring basis | Level 2
Assets:
Equity securities, available-for-sale	0	0
Equity Securities [Member] | Assets measured on recurring basis | Level 3
Assets:
Equity securities, available-for-sale	99	63
FIA | Assets measured on recurring basis
Liabilities:
Guaranteed benefit derivatives	10	11
FIA | Assets measured on recurring basis | Level 1
Liabilities:
Guaranteed benefit derivatives	0	0
FIA | Assets measured on recurring basis | Level 2
Liabilities:
Guaranteed benefit derivatives	0	0
FIA | Assets measured on recurring basis | Level 3
Liabilities:
Guaranteed benefit derivatives	10	11
Stabilizer and MCGs | Assets measured on recurring basis
Liabilities:
Guaranteed benefit derivatives	53	22
Stabilizer and MCGs | Assets measured on recurring basis | Level 1
Liabilities:
Guaranteed benefit derivatives	0	0
Stabilizer and MCGs | Assets measured on recurring basis | Level 2
Liabilities:
Guaranteed benefit derivatives	0	0
Stabilizer and MCGs | Assets measured on recurring basis | Level 3
Liabilities:
Guaranteed benefit derivatives	53	22
Interest rate contracts | Assets measured on recurring basis
Assets:
Derivatives	137	210
Liabilities:
Derivatives	171	261
Interest rate contracts | Assets measured on recurring basis | Level 1
Assets:
Derivatives	7	1
Liabilities:
Derivatives	0	0
Interest rate contracts | Assets measured on recurring basis | Level 2
Assets:
Derivatives	130	209
Liabilities:
Derivatives	171	261
Interest rate contracts | Assets measured on recurring basis | Level 3
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Foreign exchange contracts | Assets measured on recurring basis
Assets:
Derivatives	3	10
Liabilities:
Derivatives	39	19
Foreign exchange contracts | Assets measured on recurring basis | Level 1
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Foreign exchange contracts | Assets measured on recurring basis | Level 2
Assets:
Derivatives	3	10
Liabilities:
Derivatives	39	19
Foreign exchange contracts | Assets measured on recurring basis | Level 3
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Equity contracts | Assets measured on recurring basis
Assets:
Derivatives	5	4
Liabilities:
Derivatives	5	3
Equity contracts | Assets measured on recurring basis | Level 1
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Equity contracts | Assets measured on recurring basis | Level 2
Assets:
Derivatives	5	4
Liabilities:
Derivatives	5	3
Equity contracts | Assets measured on recurring basis | Level 3
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Embedded derivative on reinsurance | Assets measured on recurring basis
Liabilities:
Embedded derivative on reinsurance	0	23
Embedded derivative on reinsurance | Assets measured on recurring basis | Level 1
Liabilities:
Embedded derivative on reinsurance	0	0
Embedded derivative on reinsurance | Assets measured on recurring basis | Level 2
Liabilities:
Embedded derivative on reinsurance	0	23
Embedded derivative on reinsurance | Assets measured on recurring basis | Level 3
Liabilities:
Embedded derivative on reinsurance	0	0
Credit contracts | Assets measured on recurring basis
Liabilities:
Derivatives	1	2
Credit contracts | Assets measured on recurring basis | Level 1
Liabilities:
Derivatives	0	0
Credit contracts | Assets measured on recurring basis | Level 2
Liabilities:
Derivatives	1	2
Credit contracts | Assets measured on recurring basis | Level 3
Liabilities:
Derivatives	$ 0	$ 0

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Financial Instruments (Details) - Assets measured on recurring basis - Level 3 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Separate Account Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 222	$ 115	$ 61
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	4
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0
Purchases	161	79
Issuances	0	0
Sales	(2)	(2)
Settlements	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	3	3
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(55)	(30)
Change in Unrealized Gains (Losses) Included in Earnings(4)	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0
Stabilizer (Investment Only) and MCG Contracts [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(53)	(22)	(4)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(29)	(16)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Issues	(2)	(2)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs, Change in Unrealized Gain (Loss)	0	0
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0
Embedded Derivative Fixed Indexed Annuity [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(10)	(11)	(11)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	2	5
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Issues	(2)	(5)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	1	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs, Change in Unrealized Gain (Loss)	0	0
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0
U.S. Corporate Public Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	57	47	28
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	4	3
Purchases	0	0
Issuances	0	0
Sales	(10)	0
Settlements	(11)	(7)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	27	23
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0
Change in Unrealized Gains (Losses) Included in Earnings(4)	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	4
U.S. Corporate Private Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,286	1,002	771
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	33	62
Purchases	255	246
Issuances	0	0
Sales	(9)	(14)
Settlements	(89)	(61)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	294	8
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(200)	(9)
Change in Unrealized Gains (Losses) Included in Earnings(4)	0	(1)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	33
Foreign Corporate Public Securities and Foreign Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0
Purchases	0
Issuances	0
Sales	0
Settlements	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0
Change in Unrealized Gains (Losses) Included in Earnings(4)	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0
Foreign corporate private securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	295	190	124
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(9)	(17)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(21)	31
Purchases	190	108
Issuances	0	0
Sales	(11)	(56)
Settlements	(4)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	4	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(44)	0
Change in Unrealized Gains (Losses) Included in Earnings(4)	2	1
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(21)
Residential Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	33	16	10
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(7)	(3)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0
Purchases	32	9
Issuances	0	0
Sales	0	0
Settlements	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(8)	0
Change in Unrealized Gains (Losses) Included in Earnings(4)	(7)	(4)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0
Commercial Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0	0	12
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0
Purchases	0	0
Issuances	0	0
Sales	0	0
Settlements	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	(12)
Change in Unrealized Gains (Losses) Included in Earnings(4)	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0
Other asset-backed securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	37	48	94
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0
Purchases	4	0
Issuances	0	0
Sales	0	0
Settlements	(15)	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	(44)
Change in Unrealized Gains (Losses) Included in Earnings(4)	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0
Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,708	1,303	1,039
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(16)	(21)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	16	96
Purchases	481	363
Issuances	0	0
Sales	(30)	(70)
Settlements	(119)	(70)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	325	31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(252)	(65)
Change in Unrealized Gains (Losses) Included in Earnings(4)	(5)	(4)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	16
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	99	63	$ 50
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	2	(16)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0
Purchases	35	29
Issuances	0	0
Sales	0	0
Settlements	(1)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0
Change in Unrealized Gains (Losses) Included in Earnings(4)	2	$ (16)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	$ 0

Fair Value Measurements - Other

Fair Value Measurements - Other Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 145	$ 224
Other Investments	43	43
Separate Account Asset	87,319	78,713
Derivatives liabilities	216	285
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities including securities pledged, Fair Value	29,993	27,460
Equity securities, available-for-sale	116	80
Cash, Cash Equivalents, and Short-term Investments	626	1,429
Derivative assets	145	224
Other Investments	43	43
Separate Account Asset	87,319	78,713
Short Term Loan Affiliate	653	69
Deposit Contracts, Liabilities	0	76
Short-term Debt	8	1
Long-term Debt, Fair Value	3	4
Reported Value Measurement [Member] | Embedded derivative on reinsurance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Embedded derivative on reinsurance	0	23
Reported Value Measurement [Member] | Derivatives
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives liabilities	216	285
Reported Value Measurement [Member] | FIA
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	10	11
Reported Value Measurement [Member] | Stabilizer and MCGs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	53	22
Reported Value Measurement [Member] | Investment Contract, without a Fixed Maturity [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	28,169	26,337
Reported Value Measurement [Member] | Investment Contract, with a Fixed Maturity [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	795	877
Reported Value Measurement [Member] | Supplementary Contracts and Immediate Annuities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	288	312
Reported Value Measurement [Member] | Policy Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	187	205
Reported Value Measurement [Member] | Mortgage loans on real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	4,694	4,664
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities including securities pledged, Fair Value	29,993	27,460
Equity securities, available-for-sale	116	80
Cash, Cash Equivalents, and Short-term Investments	626	1,429
Derivative assets	145	224
Other Investments	43	43
Separate Account Asset	87,319	78,713
Short Term Loan Affiliate	653	69
Deposit Contracts, Liabilities	0	152
Short-term Debt	8	1
Long-term Debt, Fair Value	3	4
Fair Value | Embedded derivative on reinsurance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Embedded derivative on reinsurance	0	23
Fair Value | Derivatives
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives liabilities	216	285
Fair Value | FIA
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	10	11
Fair Value | Stabilizer and MCGs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	53	22
Fair Value | Investment Contract, without a Fixed Maturity [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	36,741	32,697
Fair Value | Investment Contract, with a Fixed Maturity [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	796	876
Fair Value | Supplementary Contracts and Immediate Annuities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	345	384
Fair Value | Policy Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	187	205
Fair Value | Mortgage loans on real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	$ 5,013	$ 4,912

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs and Value of Business Acquired (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Beginning balance	$ 288	$ 536	$ 288	$ 536	$ 385
Deferrals of commissions and expenses			56	43	55
Amortization, excluding unlocking			(84)	(72)	(75)
Unlocking (1)			(5)	2	(26)
Interest accrued			(35)	35	35
Amortization:
Net amortization included in the Consolidated Statements of Operations			(54)	(35)	(66)
Change in unrealized capital gains/losses on available-for-sale securities		162	(170)	(256)
Ending balance			122	288	536
Movement Analysis Of Value of Business Acquired VOBA [Roll Forward]
Beginning balance	305	551	305	551	367
Deferrals of commissions and expenses			3	6	6
Amortization, excluding unlocking			(76)	(66)	(72)
Unlocking (1)			(94)	(2)	13
Interest accrued			(32)	38	39
Net amortization included in the Consolidated Statements of Operations			(138)	(30)	(20)
Change in unrealized capital gains/losses on available-for-sale securities		198	(130)	(222)
Ending balance			40	305	551
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Beginning balance	$ 593	1,087	593	1,087	752
Deferrals of commissions and expenses			59	49	61
Amortization, excluding unlocking			(160)	(138)	(147)
Unlocking (1)			(99)	0	(13)
Interest accrued			(67)	73	74
Net amortization included in the Consolidated Statements of Operations			(192)	(65)	(86)
Change in unrealized capital gains/losses on available-for-sale securities		360	(300)	(478)
Ending balance			162	$ 593	$ 1,087
Estimated amount of VOBA amortization expense, net of interest:
2020			25
2021			23
2022			21
2023			17
2024			14
Accounting Standards Update 2016-13
Amortization:
Ending balance			2
Movement Analysis Of Value of Business Acquired VOBA [Roll Forward]
Ending balance			0
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Ending balance			$ 2
Guaranteed Minimum Interest Rates
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Unlocking (1)		(25)
Movement Analysis Of Value of Business Acquired VOBA [Roll Forward]
Unlocking (1)		$ (26)
Minimum
Deferred Policy Acquisition Cost and Value of Business Acquired [Line Items]
Interest Accrual Rate Associated with Amortization Method of Present Value of Future Insurance Profits	5.50%	5.50%	5.50%
Maximum
Deferred Policy Acquisition Cost and Value of Business Acquired [Line Items]
Interest Accrual Rate Associated with Amortization Method of Present Value of Future Insurance Profits		7.00%	7.00%	7.00%

Guaranteed Benefit Features (De

Guaranteed Benefit Features (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Insurance [Abstract]
Guaranteed minimum benefits	$ 46,900	$ 40,000
Additional liability recognized	57	26
Aggregate fair value of securities supporting separate accounts	$ 9,200	$ 8,200

- Reinsurance (Details)

- Reinsurance (Details) $ in Millions	Oct. 02, 1998USD ($)	Dec. 31, 2020USD ($)affiliatereinsurer	Dec. 31, 2019USD ($)
Effects of Reinsurance [Line Items]
Reinsurance treaties, number of affiliates | affiliate		1
Premiums receivable and reinsurance recoverable		$ 1,219	$ 1,304
Security Life of Denver International Limited and Langhorne I, LLC
Effects of Reinsurance [Line Items]
Reinsurance treaties, number of affiliates | affiliate		1
Unaffiliated Reinsurers
Effects of Reinsurance [Line Items]
Number of outstanding reinsurance agreements | reinsurer		4
Lincoln National Corporation, Subsidiary
Effects of Reinsurance [Line Items]
Proceeds from disposal of life insurance business	$ 1,000
Premiums receivable and reinsurance recoverable		$ 1,200	$ 1,300

Reinsurance - Net Receivables (

Reinsurance - Net Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Insurance [Abstract]
Reinsurance recoverable, net of allowance for credit losses	$ 1,219	$ 1,304
Total	$ 1,219	$ 1,304

Reinsurance - Premiums (Details

Reinsurance - Premiums (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Insurance [Abstract]
Premiums, net of reinsurance	$ 31	$ 32	$ 31	$ 41

Capital Contributions, Divide_2

Capital Contributions, Dividends and Statutory Information (Details) - USD ($) $ in Millions	Dec. 31, 2020	Jun. 18, 2020	Dec. 18, 2019	Sep. 27, 2019	Mar. 27, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Dividends Payable [Line Items]
Percentage threshold of dividends paid in previous twelve months to earned statutory surplus of prior year end, requiring approval of payment of dividends if exceeded								10.00%
Proceeds from Contributions from Parent								$ 0	$ 57	$ 55
Statutory net income (loss)						$ 325	$ 377	299
Statutory capital and surplus	$ 2,000							2,000	$ 2,000
Voya Financial Partners, LLC (VFP)
Dividends Payable [Line Items]
Dividends paid to parent company	$ 20	$ 15	$ 20	$ 20	$ 20	80
Parent Company
Dividends Payable [Line Items]
Dividends paid to parent company						396		$ 294
Proceeds from Contributions from Parent						$ 57

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Fixed maturities, net of impairment	$ 3,430
Derivatives	73	$ 117	$ 140
DAC/VOBA and Sales inducements adjustments on available-for-sale securities	(855)	(551)	(73)
Premium deficiency reserve adjustment	(434)	(211)	(51)
Other	2	0	0
Unrealized capital gains (losses), before tax	2,216	1,468	143
Deferred income tax asset (liability)	(337)	(180)	(39)
Unrealized capital gains (losses), after tax	1,879	1,288	104
Pension and other postretirement benefits liability, net of tax	3	4	4
AOCI	1,882	1,292	108
Fixed Maturities [Member]
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Fixed maturities, net of impairment		$ 2,113	$ 127
Other Contract
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	$ 22

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI, including Reclassification Adjustments (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 0	$ 9	$ 0
Available-for-sale securities, Before-Tax Amount:
Net unrealized gains/losses on securities			1,309
Other			2	$ 0	$ (5)
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations			8	(11)	69
DAC/VOBA and Sales inducements			(302)	(479)	360
Premium deficiency reserve adjustment			(224)	(160)	64
Change in unrealized gains/losses on available-for-sale securities			793	1,346	(905)
Available-for-sale securities, Income Tax:
Net unrealized gains/losses on securities			(275)
Other			0	0	1
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations			(2)	2	(14)
DAC/VOBA and Sales inducements			63	100	(76)
Premium deficiency reserve adjustment			47	33	(13)
Change in unrealized gains/losses on available-for-sale securities			(167)	(284)	195
Available-for-sale securities, After-Tax Amount:
Net unrealized gains/losses on securities			1,034
Other			2	0	(4)
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations			6	(9)	55
DAC/VOBA and Sales inducements			(239)	(379)	284
Premium deficiency reserve adjustment			(177)	(127)	51
Change in unrealized gains/losses on available-for-sale securities			626	1,062	(710)
Derivatives, Before-Tax Amount:
Derivatives			(22)	1	40
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations			(23)	(23)	(24)
Change in unrealized gains/losses on derivatives			(45)	(22)	16
Derivatives, Income Tax:
Derivatives			5	0	(8)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations			5	5	5
Change in unrealized gains/losses on derivatives			10	5	(3)
Derivatives, After-Tax Amount:
Derivatives			(17)	1	32
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations			(18)	(18)	(19)
Change in unrealized gains/losses on derivatives			(35)	(17)	13
OTTI:
Impairments			0	1	8
Change in OTTI, Income Tax				0	(2)
Change in OTTI, After-Tax Amount			0	1	6
Pension and other post-employment benefit liability, Before-Tax Amount:
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations			(1)	(1)	(1)
Change in pension and other postretirement benefits liability			(1)	(1)	(1)
Other comprehensive income (loss), before tax			747	1,323	(890)
Pension and other post-employment benefit liability, Income Tax:
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations			0	3	0
Change in pension and other postretirement benefits liability			0	3	0
Other comprehensive income (loss)			(157)	(276)	192
Pension and other post-employment benefit liability, After-Tax Amount:
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations			(1)	2	(1)
Change in pension and other postretirement benefits liability			(1)	2	(1)
Other comprehensive income (loss), after tax			590	1,047	(698)
Fixed Maturities [Member]
Available-for-sale securities, Before-Tax Amount:
Net unrealized gains/losses on securities				1,995	(1,401)
Available-for-sale securities, Income Tax:
Net unrealized gains/losses on securities				(419)	299
Available-for-sale securities, After-Tax Amount:
Net unrealized gains/losses on securities				$ 1,576	$ (1,102)
Deferred Tax Asset, Capital Loss Carryforward
Pension and other post-employment benefit liability, After-Tax Amount:
Increase (decrease) in valuation allowance	$ 0	$ (9)	$ 0

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current tax expense (benefit):
Federal	$ 9	$ 3	$ 6
Total current tax expense (benefit)	9	3	6
Deferred tax expense (benefit):
Federal	23	58	(20)
Total deferred tax expense (benefit)	23	58	(20)
Income tax expense (benefit)	$ 32	$ 61	$ (14)	$ 32	$ 61

Income Taxes - Income Tax Recon

Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ 332	$ 506	$ 152	$ 332	$ 506
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax rate	21.00%	21.00%	21.00%
Income tax expense (benefit) at federal statutory rate	$ 70	$ 106	$ 32
Dividends received deduction	(35)	(49)	(37)
Valuation allowance	0	9	0
Tax credit	(4)	0	(8)
Other	1	(5)	(1)
Income tax expense (benefit)	$ 32	$ 61	$ (14)	$ 32	$ 61
Effective tax rate	9.60%	12.10%	(9.20%)

Income Taxes - Temporary Differ

Income Taxes - Temporary Differences (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Valuation Allowance [Line Items]
Insurance reserves			$ 112	$ 107
Investments			9	23
Compensation and benefits			60	57
Other assets			35	34
Total gross assets			216	221
Net unrealized investment (gains) losses			(645)	(424)
Deferred policy acquisition costs			(10)	(101)
Total gross liabilities			(655)	(525)
Net deferred income tax asset (liability)			(439)	(304)
Valuation allowance, deferred tax assets			0	0
SEC Schedule, 12-09, Valuation Allowance, Operating Loss Carryforward
Valuation Allowance [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 0		0
Valuation allowance, deferred tax assets			128	128
Deferred Tax Asset, Capital Loss Carryforward
Valuation Allowance [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 0	$ (9)	0
Valuation allowance, deferred tax assets			$ 128	$ 128

Income Taxes - Valuation Allowa

Income Taxes - Valuation Allowances (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Valuation Allowance [Line Items]
Valuation allowance, deferred tax assets			$ 0	$ 0
Tax valuation allowance allocated to Net income (loss)
Valuation Allowance [Line Items]
Valuation allowance, deferred tax assets			128	128
Increase (decrease) in valuation allowance	$ 0		0
Deferred Tax Asset, Capital Loss Carryforward
Valuation Allowance [Line Items]
Valuation allowance, deferred tax assets			128	$ 128
Increase (decrease) in valuation allowance	$ 0	$ (9)	$ 0

Income Taxes - Tax Sharing Agre

Income Taxes - Tax Sharing Agreement (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Valuation allowance, deferred tax assets	$ 0	$ 0
Income taxes receivable	5	9
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	0	0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0	0
Voya Financial, Inc.
Related Party Transaction [Line Items]
Income taxes receivable	$ 5	$ 9

Benefit Plans - Defined Benefit

Benefit Plans - Defined Benefit Plans (Details) - Qualified plan - Pension plan - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Annual credit earned by participants due to transition from old formula to new formula, percentage of annual pay			4.00%
Operating expenses
Defined Benefit Plan Disclosure [Line Items]
Costs allocated to the Company for employees' participation in the Retirement Plan	$ 11	$ 11	$ 11

Benefit Plans - Defined Contrib

Benefit Plans - Defined Contribution Plan (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Operating expenses
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan, cost allocated	$ 15	$ 15	$ 17
Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Award vesting period			4 years
Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Company match, percentage of participant's eligible compensation			6.00%

Benefit Plans - Non-Qualified R

Benefit Plans - Non-Qualified Retirement Plans (Details) - Nonqualified plan - Pension plan	12 Months Ended
	Dec. 31, 2020
Minimum
Non-Qualified Retirement Plans [Abstract]
Non-qualified retirement plan, number of years of highest average annual compensation used to determine benefits	5 years
Maximum
Non-Qualified Retirement Plans [Abstract]
Non-qualified retirement plan, number of years of highest average annual compensation used to determine benefits	10 years

Benefit Plans - Obligations and

Benefit Plans - Obligations and Funded Status (Details) - Nonqualified plan - Pension plan - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Change in Benefit Obligation [Roll Forward]
Benefit obligation	$ 82	$ 80	$ 82
Interest cost	3	3	3
Benefits paid	(5)		(6)
Actuarial (gains) losses on obligation	4		5
Benefit obligation			84
Amounts Recognized in Consolidated Balance Sheets [Abstract]
Accrued benefit cost	$ (82)	$ (80)	$ (84)	$ (84)	$ (82)
Accumulated other comprehensive income:
Prior service cost				0	0
Net amount recognized				$ (84)	$ (82)

Benefit Plans - Assumptions (De

Benefit Plans - Assumptions (Details) - Nonqualified plan - Pension plan	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate			2.67%	3.36%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.46%	3.85%	3.36%

Benefit Plans - Net Periodic Be

Benefit Plans - Net Periodic Benefit Costs (Details) - Nonqualified plan - Pension plan - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Net Periodic Benefit Costs [Abstract]
Interest cost	$ 3	$ 3	$ 3
Amortization of prior service cost (credit)	0	(1)	0
Net (gain) loss recognition	4	(4)	5
Net periodic benefit cost	$ 7	$ (2)	$ 8

Benefit Plans - Expected Future

Benefit Plans - Expected Future Benefit Payments (Details) - Pension plan - Nonqualified plan $ in Millions	Dec. 31, 2020USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, 2021	$ 6
Defined Benefit Plan, Expected Future Benefit Payment, 2022	6
Defined Benefit Plan, Expected Future Benefit Payment, 2023	6
Defined Benefit Plan, Expected Future Benefit Payment, 2024	6
Defined Benefit Plan, Expected Future Benefit Payment, 2025-2029	25
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 6

Benefit Plans - Stock Option an

Benefit Plans - Stock Option and Share Plans (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Stock Option and Share Plans [Abstract]
Allocated stock option and share plan expenses	$ 31	$ 29	$ 27
Tax benefit from allocated stock option and share plan expenses	$ 7	$ 6	$ 6
ING 401(k) Plan for VRIAC Agents
Stock Option and Share Plans [Abstract]
Maximum annual contribution per employee			60.00%
Company match, percentage of participant's eligible compensation			6.00%

Financing Agreements (Details)

Financing Agreements (Details) - Loans Payable - One Point Zero Percent Windsor Property Loan - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Jun. 16, 2007
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 0
Long-term Debt	$ 0	$ 5

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Rent expense	$ 5	$ 5	$ 5
Pledged Financial Instruments, Not Separately Reported, Securities for Federal Home Loan Bank			997	$ 1,087
Loan Purchase Commitments
Loss Contingencies [Line Items]
Long-term Purchase Commitment, Amount			50
Investment Purchase Commitment
Loss Contingencies [Line Items]
Long-term Purchase Commitment, Amount			565
Federal Home Loan Bank of Boston | Line of Credit
Loss Contingencies [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding			795
Pledged Financial Instruments, Not Separately Reported, Securities for Federal Home Loan Bank			$ 997

Commitments and Contingencies_2

Commitments and Contingencies - Restricted Assets (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Pledged Financial Instruments, Not Separately Reported, Securities for Federal Home Loan Bank	$ 997	$ 1,087
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure	44	44
Debt Securities, Trading, Restricted	14	14
Restricted Cash and Cash Equivalents	4	5
Total restricted assets	1,279	1,978
Securities pledged
Loss Contingencies [Line Items]
Fair value of loaned securities	143	715
Fair value of securities delivered as collateral	$ 77	$ 113

Related Party Transactions - Op

Related Party Transactions - Operating Agreements and Investment Advisory and Other Fees (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Earning related to agreements			$ 905	$ 877	$ 875
Short-term loan to affiliate			653	69
Voya Investment Management LLC
Related Party Transaction [Line Items]
Expenses incurred	$ 68	$ 65	73
Earning related to agreements	59	63	57
Voya Services Company
Related Party Transaction [Line Items]
Asset management, administrative and accounting services fees	443	379	458
Voya Financial Advisors, Inc
Related Party Transaction [Line Items]
Commission expenses incurred	82	79	81
Voya Insurance and Annuity Company (VIAC) and ReliaStar Life Insurance Company of New York (RLNY), and Affiliated Companies | DSL
Related Party Transaction [Line Items]
Commissions collected		69	0
VIAC, VIPS, ReliaStar Life Insurance Company and Security Life of Denver Insurance Company | DSL
Related Party Transaction [Line Items]
Expenses incurred		26	0
Voya Investments, LLC and Voya Investment Management, LLC, and Affiliated Companies | DSL
Related Party Transaction [Line Items]
Asset management, administrative and accounting services fees	$ 0		0
Affiliated entity | Voya Financial Partners, LLC (VFP)
Related Party Transaction [Line Items]
Distribution revenues		27	26	$ 27	$ 27
Affiliated entity | DSL
Related Party Transaction [Line Items]
Earning related to agreements		$ 27	$ 0

Related Party Transactions - Re

Related Party Transactions - Reinsurance Agreements (Details) $ in Millions	Jan. 01, 2018USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2020USD ($)affiliate	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Reinsurance treaties, number of affiliates | affiliate			1
Affiliated entity
Related Party Transaction [Line Items]
Deposit receivable				$ 36
Deposit Liability, Current				76
Pre-tax Gain on Recapture	$ 74
Affiliated entity | Voya Financial Partners, LLC (VFP)
Related Party Transaction [Line Items]
Distribution revenues		$ 27	$ 26	$ 27	$ 27

Related Party Transactions - Fi

Related Party Transactions - Financing Agreements (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 29, 2004
Related Party Transaction [Line Items]
Short-term loan to affiliate		$ 653,000,000	$ 69,000,000
Due to Related Parties		$ 125,000,000	95,000,000
Affiliated entity | Reciprocal Loan Agreement | Voya Financial, Inc.
Related Party Transaction [Line Items]
Maximum borrowing capacity, percentage		3.00%
Short-term loan to affiliate		$ 653,000,000	69,000,000
Due to Related Parties		7,000,000	$ 0
Affiliated entity | Surplus Notes | Voya Insurance and Annuity Company (VIAC)
Related Party Transaction [Line Items]
Interest income, related party	$ 5,000,000	$ 0
Debt Instrument, Face Amount				$ 175,000,000
Annual interest rate on loan				6.26%

Schedule I. Summary of Invest_2

Schedule I. Summary of Investments (Details) $ in Millions	Dec. 31, 2020USD ($)
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	$ 32,352
Fair Value	36,213
Amount Shown on Consolidated Balance Sheets	35,943
US Treasury Securities [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	535
Fair Value	721
Amount Shown on Consolidated Balance Sheets	721
US Treasury and Government [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	18
Fair Value	19
Amount Shown on Consolidated Balance Sheets	19
US States and Political Subdivisions Debt Securities [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	698
Fair Value	814
Amount Shown on Consolidated Balance Sheets	814
U.S. Corporate Public Securities [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	7,632
Fair Value	9,156
Amount Shown on Consolidated Balance Sheets	9,156
U.S. Corporate Private Securities [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	3,870
Fair Value	4,379
Amount Shown on Consolidated Balance Sheets	4,379
Foreign Corporate Public Securities and Foreign Governments [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	2,539
Fair Value	2,951
Amount Shown on Consolidated Balance Sheets	2,951
Foreign corporate private securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	2,991
Fair Value	3,303
Amount Shown on Consolidated Balance Sheets	3,303
Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	4,071
Fair Value	4,237
Amount Shown on Consolidated Balance Sheets	4,237
Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	2,712
Fair Value	2,893
Amount Shown on Consolidated Balance Sheets	2,893
Other asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	1,500
Fair Value	1,520
Amount Shown on Consolidated Balance Sheets	1,520
Embedded derivatives - fixed maturities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	26,566
Fair Value	29,993
Amount Shown on Consolidated Balance Sheets	29,993
Equity Securities [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	0
Fair Value	0
Amount Shown on Consolidated Balance Sheets	116
Mortgage loans on real estate
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	4,694
Fair Value	5,013
Amount Shown on Consolidated Balance Sheets	4,627
Policy Loans [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	187
Fair Value	187
Amount Shown on Consolidated Balance Sheets	187
Limited partnerships/corporations
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	815
Fair Value	815
Amount Shown on Consolidated Balance Sheets	815
Derivatives
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	30
Fair Value	145
Amount Shown on Consolidated Balance Sheets	145
Other investments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	43
Fair Value	43
Amount Shown on Consolidated Balance Sheets	43
Short-term investments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	17
Fair Value	17
Amount Shown on Consolidated Balance Sheets	$ 17

Schedule IV - Reinsurance Inf_2

Schedule IV - Reinsurance Information (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Life insurance in force, gross		$ 7,540	$ 8,201	$ 8,974
Life insurance in force, ceded		7,733	8,410	9,202
Life insurance in force, assumed		193	209	228
Life insurance in force, net		0	0	0
Total premiums, gross		32	31	41
Total premiums, ceded		0	0	0
Total premiums, assumed		0	0	0
Total premiums, net	$ 31	$ 32	$ 31	$ 41
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to Net		0.00%	0.00%	0.00%
Accident and health insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total premiums, gross		$ 0	$ 0	$ 0
Total premiums, ceded		0	0	0
Total premiums, assumed		0	0	0
Total premiums, net		$ 0	$ 0	$ 0
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to Net		0.00%	0.00%	0.00%
Annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total premiums, gross		$ 32	$ 31	$ 41
Total premiums, ceded		0	0	0
Total premiums, assumed		0	0	0
Total premiums, net		$ 32	$ 31	$ 41
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to Net		0.00%	0.00%	0.00%

Uncategorized Items - vriac-202

Label	Element	Value
Financing Receivable, Allowance for Credit Loss	us-gaap_FinancingReceivableAllowanceForCreditLosses	$ 0
Residential Mortgage Backed Securities [Member]
Financing Receivable, Allowance for Credit Loss	us-gaap_FinancingReceivableAllowanceForCreditLosses	0
Other Asset-backed Securities [Member]
Financing Receivable, Allowance for Credit Loss	us-gaap_FinancingReceivableAllowanceForCreditLosses	0
Foreign Corporate Private Securities [Member]
Financing Receivable, Allowance for Credit Loss	us-gaap_FinancingReceivableAllowanceForCreditLosses	0
Commercial Mortgage Backed Securities [Member]
Financing Receivable, Allowance for Credit Loss	us-gaap_FinancingReceivableAllowanceForCreditLosses	$ 0