Voya Retirement Insurance & Annuity 10-Q 12 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	9 Months Ended
	Sep. 30, 2021	Nov. 08, 2021	Dec. 31, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		55,000
Common stock, par value	$ 50		$ 50
Entity Central Index Key	0000837010
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

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

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets Parenthetical - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Fixed maturities, amortized cost	$ 22,497	$ 24,667
Fixed maturities, Allowance for Credit Loss	25	0
Equity securities, cost	173	116
Mortgage loans on real estate valuation allowance	0	0
Securities pledged, amortized costs	$ 792	$ 169
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 ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues:
Net investment income	$ 514	$ 505	$ 1,485	$ 1,329
Fee income	280	230	810	654
Premiums	10	13	(2,431)	25
Broker-dealer commission revenue	1	0	2	1
Net realized capital gains (losses):
Total impairments	0	(5)	0	(36)
Other net realized capital gains (losses)	(88)	(73)	317	(163)
Total net realized capital gains (losses)	(88)	(78)	317	(199)
Other revenue	8	2	25	1
Total revenues	725	672	208	1,811
Benefits and expenses:
Interest credited and other benefits to contract owners/policyholders	206	386	(1,674)	808
Operating expenses	312	259	904	800
Broker-dealer commission expense	1	(1)	2	0
Net amortization of Deferred policy acquisition costs and Value of business acquired	5	160	83	203
Total benefits and expenses	524	804	(685)	1,811
Income (loss) before income taxes	201	(132)	893	0
Income tax expense (benefit)	31	(38)	154	(33)
Net income (loss)	$ 170	$ (94)	$ 739	$ 33

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 170	$ (94)	$ 739	$ 33
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities	(97)	95	(409)	404
Pension and other postretirement benefits liability	0	0	(1)	(1)
Other comprehensive income (loss), before tax	(97)	95	(410)	403
Income tax expense (benefit) related to items of other comprehensive income (loss)	(20)	20	(86)	85
Other comprehensive income (loss), after tax	(77)	75	(324)	318
Comprehensive income (loss)	$ 93	$ (19)	$ 415	$ 351

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholder's Equity - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Deficit)
Beginning Balance at Dec. 31, 2019	$ 4,443,000,000	$ 3,000,000	$ 2,873,000,000	$ 1,292,000,000	$ 275,000,000
Comprehensive income (loss):
Net income (loss)	33,000,000	0	0	0	33,000,000
Other comprehensive income (loss), after tax	318,000,000	0	0	318,000,000	0
Comprehensive income (loss)	351,000,000
Ending Balance at Sep. 30, 2020	$ 4,492,000,000	$ 3,000,000	$ 2,873,000,000	$ 1,610,000,000	$ 6,000,000
Comprehensive income (loss):
New Accounting Pronouncement or Change in Accounting Principle, Description | Accounting Standards Update 2018-02	(8)	—	—	—	(8)
Dividends	$ (294,000,000)				$ 294,000,000
Beginning Balance at Jun. 30, 2020	4,511,000,000	$ 3,000,000	$ 2,873,000,000	$ 1,535,000,000	100,000,000
Comprehensive income (loss):
Net income (loss)	(94,000,000)	0	0	0	(94,000,000)
Other comprehensive income (loss), after tax	75,000,000	0	0	75,000,000	0
Comprehensive income (loss)	(19,000,000)
Ending Balance at Sep. 30, 2020	4,492,000,000	3,000,000	2,873,000,000	1,610,000,000	6,000,000
Beginning Balance at Dec. 31, 2020	4,897,000,000	3,000,000	2,873,000,000	1,882,000,000	139,000,000
Comprehensive income (loss):
Net income (loss)	739,000,000	0	0	0	739,000,000
Other comprehensive income (loss), after tax	(324,000,000)	0	0	(324,000,000)	0
Comprehensive income (loss)	415,000,000
Ending Balance at Sep. 30, 2021	5,078,000,000	3,000,000	3,191,000,000	1,558,000,000	326,000,000
Comprehensive income (loss):
Dividends	(557,000,000)		5,000,000		552,000,000
Adjustments to Additional Paid in Capital, Other	323,000,000	0	323,000,000	0	0
Beginning Balance at Jun. 30, 2021	4,985,000,000	3,000,000	3,191,000,000	1,635,000,000	156,000,000
Comprehensive income (loss):
Net income (loss)	170,000,000	0	0	0	170,000,000
Other comprehensive income (loss), after tax	(77,000,000)	0	0	(77,000,000)	0
Comprehensive income (loss)	93,000,000
Ending Balance at Sep. 30, 2021	$ 5,078,000,000	$ 3,000,000	$ 3,191,000,000	$ 1,558,000,000	$ 326,000,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 1,001	$ 809
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	3,166	2,527
Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment	29	0
Equity securities	128	8
Mortgage loans on real estate	433	294
Limited partnerships/corporations	281	87
Acquisition of:
Fixed maturities	(4,053)	(3,732)
Payments to Acquire Trading Securities Held-for-investment	(33)	0
Equity securities	(178)	(142)
Mortgage loans on real estate	(447)	(301)
Limited partnerships/corporations	(180)	(118)
Derivatives, net	(12)	103
Policy loans, net	12	12
Short-term loan to affiliate, net	653	(362)
Collateral received (delivered), net	(15)	(21)
Proceeds from Other Deposits	(49)	0
Other, net	(101)	(2)
Net cash (used in) investing activities	(253)	(1,647)
Cash Flows from Financing Activities:
Deposits received for investment contracts	3,018	3,794
Maturities and withdrawals from investment contracts	(3,291)	(2,984)
Settlements on deposit liability contracts	0	(1)
Proceeds from loans with affiliates, net	60	73
Payments of Distributions to Affiliates	(552)	(294)
Proceeds from Contributions from Parent	20	0
Net cash (used in) provided by financing activities	(745)	588
Net increase (decrease) in cash and cash equivalents	3	(250)
Cash and cash equivalents, beginning of period	360	512
Cash and cash equivalents, end of period	$ 363	262
Other Significant Noncash Transaction, Consideration Given	298
Proceeds from Contributions from Parent	$ 20	$ 0

Schedule of Significant non cas

Schedule of Significant non cash transaction - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Proceeds from Contributions from Parent	$ 20	$ 0

Business, Basis of Presentation

Business, Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	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. ("Voya Financial"). The Company derives its revenue mainly from (a) Investment income earned on investments, (b) Fee income generated from separate account assets supporting variable options under variable annuity contract investments, as designated by contract owners, (c) Premiums, (d) Realized capital gains (losses) on investments and changes in fair value of embedded derivatives on product guarantees, and (e) Other revenue which includes certain other fees. The Company's benefits and expenses primarily consist of (a) Interest credited and other benefits to contract owners/policyholders, (b) Operating expenses, which include expenses related to the selling and servicing of the various products offered by us and other general business expenses, and (c) Amortization of DAC and VOBA. In addition, the Company collects broker-dealer commission revenues through Voya Financial Partners, LLC ("VFP"), which are, in turn, paid to broker-dealers and expensed. 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 to better align business activities to the Company's priorities. This business was transferred as part of the Individual Life Transaction described below. The Company's products are generally distributed through independent brokers and advisors, third-party administrators and consultants. 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. 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 also has the wholly-owned non-insurance subsidiary, VFP. On January 4, 2021, VRIAC's ultimate parent, 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 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 reinsured to SLD a 75% quota share, of their respective individual life insurance and annuities businesses. 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. The reinsurance obligation with counterparty SLD are secured by collateralized assets held in a trust. RLI, RLNY, and VRIAC continue to be subsidiaries of the Company. The reinsurance transaction does not extinguish the Company’s primary liability to its policyholders. As a result of the reinsurance transactions on January 4, 2021, the Company reinsured $3.5 billion of policyholder liabilities under indemnity coinsurance and modified coinsurance arrangements. As of January 4, 2021, reinsurance recoverable associated with these transactions was $2.5 billion. The Company ceded $2.4 billion in premiums and $2.5 billion in policyholder benefits. The Company transferred assets with a fair market value of $3.7 billion as consideration for the reinsurance arrangements. As a result of the transfer of invested assets the Company recognized $0.5 billion in pre-tax realized gains. The Company also recognized a non-cash liability of $73 relating to the pretax net cost of reinsurance liability and $1.5 billion deposit asset, respectively, on January 4, 2021 as a result of entering into the reinsurance agreements. The aggregate deferred intangibles will be amortized as a charge to earnings over the life of the underlying policies.The deposit relates to liabilities related to Contract owner account balances that currently exist for the related underlying policies. Effective as of March 1, 2021, VRIAC acquired 49.9% of the issued and outstanding common stock of Voya Special Investments, Inc. from Voya Financial. The investment has been accounted for as an equity method investment and recognized within Other investments in Consolidated Balance Sheets. Also, effective as of March 1, 2021, the Company acquired $80 of Security Life of Denver Company ("SLD") issued surplus notes and $73 of Resolution (Life U.S. Intermediate Holdings Ltd.) issued preferred shares from affiliated entities, which were received in connection with the Individual Life Transaction. On June 9, 2021, Voya Financial completed the sale of the independent financial planning channel of Voya Financial Advisors ("VFA") to Cetera Financial Group, Inc. (“Cetera”), one of the nation’s largest networks of independently managed broker-dealers. VFA is one of the channels through which VRIAC distributes its products. In connection with this transaction, VFA transferred more than 800 independent financial professionals serving retail customers with approximately $38 billion in assets under advisement to Cetera, while retaining approximately 600 field and phone-based financial professionals who support our business. Basis of Presentation The accompanying Condensed Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") and are unaudited. 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 Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. The inputs into the Company's estimates and assumptions consider the economic implications of COVID-19 on the Company's critical and significant accounting estimates. Those estimates are inherently subject to change and actual results could differ from those estimates, and the differences may be material to the Condensed Consolidated Financial Statements. The Condensed Consolidated Financial Statements include the accounts of VRIAC and its wholly owned subsidiaries, VFP, VIPS, and VRA. Intercompany transactions and balances have been eliminated. The accompanying Condensed Consolidated Financial Statements reflect adjustments (including normal, recurring adjustments) necessary to present fairly the financial position of the Company as of September 30, 2021, its results of operations, comprehensive income and changes in shareholder's equity for the three and nine months ended September 30, 2021 and 2020, and its statements of cash flows for the nine months ended September 30, 2021 and 2020, in conformity with U.S. GAAP. Interim results are not necessarily indicative of full year performance. Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications. These reclassifications had no impact on net income or total stockholder’s equity. The December 31, 2020 Consolidated Balance Sheet is from the audited Consolidated Financial Statements included in the Company's Annual Report on Form 10-K , filed with the SEC. Therefore, these unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and related notes included in the Company's Annual Report on Form 10-K . Significant Accounting Policies Investments Fixed Maturities and Equity Securities : In the second quarter of 2021, the Company established a trading portfolio of fixed maturity debt securities. Trading securities are valued at fair value with the changes in fair value recorded in Other net realized capital gains (losses) in the Condensed Consolidated Statements of Operations, and interest income is recorded in Net investment income in the Condensed Consolidated Statements of Operations. Adoption of New Pronouncements The following table provides a description of the Company's adoption of new Accounting Standard Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB") 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 2019-12, Simplifying the Accounting for Income Taxes This standard, issued in December 2019, simplifies the accounting for income taxes by eliminating certain exceptions to the general principles and simplifying several aspects of ASC 740, Income taxes, including requirements related to the following: • The intraperiod tax allocation exception to the incremental approach, • The tax basis step-up in goodwill obtained in a transaction that is not a business combination, • Hybrid tax regimes, • Ownership changes in investments - changes from a subsidiary to an equity method investment, • Separate financial statements of entities not subject to tax, • Interim-period accounting for enacted changes in tax law, and • The year-to-date loss limitation in interim-period tax accounting. January 1, 2021 on a prospective basis, except for those provisions that Adoption of the ASU did not have an impact on the Company's financial condition, results of operations, or cash flows. 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, Reference Rate Reform 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 effective as of March 12, 2020, the issuance date of the ASU. An entity may elect to apply the amendments prospectively The Company expects that it will elect to apply some of the expedients and exceptions provided in ASU 2020-04; however, the Company is still evaluating its options under the guidance as the reference rate reform adoption process continues. Therefore, the impact of the adoption of ASU 2020-04 on the Company’s financial condition and results of operations has not yet been determined. ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts This standard, issued in August 2018, changes the measurement and disclosures of insurance liabilities and deferred acquisition costs ("DAC") for long-duration contracts issued by insurers. On November 5, 2020, the FASB issued ASU 2020-11, which deferred the effective date of the amendments in ASU 2018-12 for SEC filers to fiscal years ending after December 15, 2022, including interim periods within those fiscal years. Initial adoption for the liability for future policy benefits and DAC is required to be reported using either a full retrospective or modified retrospective approach. For market risk benefits, full retrospective application is required. The implications of these requirements, including transition options, and related potential financial statement impacts are currently being evaluated.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2021
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. 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 notional amounts and fair values of derivatives were as follows as of the dates indicated: September 30, 2021 December 31, 2020 Notional Asset Liability Notional Asset Liability Derivatives: Qualifying for hedge accounting (1) Cash flow hedges: Interest rate contracts $ 18 $ — $ — $ 18 $ — $ — Foreign exchange contracts 566 11 15 628 3 36 Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 13,746 108 173 14,155 137 171 Foreign exchange contracts 40 1 — 83 — 3 Equity contracts — — — 55 5 5 Credit contracts 112 1 — 188 — 1 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 8 — N/A 11 — Within products N/A — 24 N/A — 59 Managed custody guarantees N/A — 1 N/A — 4 Total $ 129 $ 213 $ 156 $ 279 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Condensed 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 September 30, 2021 and December 31, 2020. 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: September 30, 2021 Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 112 $ 1 $ — Equity contracts — — — Foreign exchange contracts 606 12 15 Interest rate contracts 12,254 108 173 121 188 Counterparty netting (1) (116) (116) Cash collateral netting (1) (1) (55) Securities collateral netting (1) (3) (14) Net receivables/payables $ 1 $ 3 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. 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. 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 Condensed 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 Condensed Consolidated Balance Sheets. As of September 30, 2021, the Company held $1 and pledged $55 of net cash collateral related to OTC derivative contracts and cleared derivative contracts, respectively. 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. In addition, as of September 30, 2021, the Company delivered $133 of securities and held $3 of securities as collateral. As of December 31, 2020, the Company delivered $77 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 periods indicated: Three Months Ended September 30, 2021 2020 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 $ — $ 20 $ (1) $ (35) Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — $ 2 $ — $ — Nine Months Ended September 30, 2021 2020 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) $ 30 $ 1 $ 26 Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — 1 — 5 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 periods indicated: Three Months Ended September 30, 2021 2020 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 $ 514 $ (88) $ 505 $ (73) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 2 — 3 (3) Nine Months Ended September 30, 2021 2020 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 $ 1,485 $ 317 $ 1,329 $ (163) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 6 (5) 8 (3) The location and effect of derivatives not designated as hedging instruments on the Condensed Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Three Months Ended September 30, 2021 2020 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ 3 $ 10 Foreign exchange contracts Other net realized capital gains (losses) 2 (2) Equity contracts Other net realized capital gains (losses) — — Credit contracts Other net realized capital gains (losses) — — Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) (1) (2) Within products Other net realized capital gains (losses) 2 24 Within reinsurance agreements Policyholder benefits — — Managed custody guarantees Other net realized capital gains (losses) (1) 7 Total $ 5 $ 37 Location of Gain or (Loss) Recognized in Income on Derivative Nine Months Ended September 30, 2021 2020 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ (41) $ 55 Foreign exchange contracts Other net realized capital gains (losses) 1 2 Equity contracts Other net realized capital gains (losses) — — Credit contracts Other net realized capital gains (losses) 1 3 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) (3) 2 Within products Other net realized capital gains (losses) 35 (89) Within reinsurance agreements Policyholder benefits — 23 Managed custody guarantees Other net realized capital gains (losses) 3 (10) Total $ (4) $ (14)

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value Measurement The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of September 30, 2021: Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 508 $ 179 $ — $ 687 U.S. Government agencies and authorities — 21 — 21 State, municipalities and political subdivisions — 767 — 767 U.S. corporate public securities — 8,549 23 8,572 U.S. corporate private securities — 2,462 1,373 3,835 Foreign corporate public securities and foreign governments (1) — 2,646 15 2,661 Foreign corporate private securities (1) — 2,481 293 2,774 Residential mortgage-backed securities — 3,393 40 3,433 Commercial mortgage-backed securities — 2,804 9 2,813 Other asset-backed securities — 1,405 35 1,440 Total fixed maturities, including securities pledged 508 24,707 1,788 27,003 Fixed maturities, trading — — 4 4 Equity securities 28 — 145 173 Derivatives: Interest rate contracts — 108 — 108 Foreign exchange contracts — 12 — 12 Credit contracts — 1 — 1 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 1,247 7 — 1,254 Assets held in separate accounts 87,671 5,469 312 93,452 Total assets $ 89,454 $ 30,304 $ 2,249 $ 122,007 Percentage of Level to Total 73 % 25 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives: FIA $ — $ — $ 10 $ 10 Stabilizer and MCGs — — 15 15 Other derivatives: Interest rate contracts 7 166 — 173 Foreign exchange contracts — 15 — 15 Equity contracts — — — — Credit contracts — — — — Total liabilities $ 7 $ 181 $ 25 $ 213 (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, 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 Total liabilities $ — $ 216 $ 63 $ 279 (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 Condensed 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 tables summarize the change in fair value of the Company’s Level 3 assets and liabilities and transfers in and out of Level 3 for the periods indicated: Three Months Ended September 30, 2021 Fair Value as of July 1 Total Purchases Issuances Sales Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value as of September 30 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 $ 18 $ — $ — $ 6 $ — $ — $ (1) $ — $ — $ 23 $ — $ 1 U.S. Corporate private securities 1,413 8 (6) 116 — (15) (113) — (30) 1,373 — (5) Foreign corporate public securities and foreign governments (1) 7 — — 15 — — — — (7) 15 — — Foreign corporate private securities (1) 264 (13) 19 27 — — (4) — — 293 — 19 Residential mortgage-backed securities 31 (4) — 15 — — — — (2) 40 (4) — Commercial mortgage-backed securities — — — 9 — — — — — 9 — — Other asset-backed securities 52 — — 7 — — (17) — (7) 35 — — Total fixed maturities, including securities pledged 1,785 (9) 13 195 — (15) (135) — (46) 1,788 (4) 15 Fixed maturities, trading, at fair value 33 — — — — (29) — — — 4 — — Equity securities, at fair value 145 — — — — — — — — 145 — — Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (15) 1 — — (1) — — — — (15) — — FIA (2) (10) — — — (1) — 1 — — (10) — — Assets held in separate accounts (4) 293 1 — 53 — (5) — — (30) 312 — — (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 Condensed Consolidated Statements of Operations. (3) For financial instruments still held as of September 30, amounts are included in Net investment income and Total net realized capital gains (losses) in the Condensed 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. Nine Months Ended September 30, 2021 Fair Value Total Purchases Issuances Sales Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value as of September 30 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 $ 57 $ — $ 1 $ 5 $ — $ (9) $ (1) $ — $ (30) $ 23 $ — $ 1 U.S. Corporate private securities 1,286 13 (38) 148 — (99) (126) 283 (94) 1,373 — (26) Foreign corporate public securities and foreign governments (1) — — — 15 — — — — — 15 — — Foreign corporate private securities (1) 295 (10) 20 27 — (22) (17) — — 293 2 17 Residential mortgage-backed securities 33 (8) — 21 — (7) — 1 — 40 (8) — Commercial mortgage-backed securities — — — 9 — — — — — 9 — — Other asset-backed securities 37 — (2) 14 — — (32) 18 — 35 — (1) Total fixed maturities, including securities pledged 1,708 (5) (19) 239 — (137) (176) 302 (124) 1,788 (6) (9) Fixed maturities, trading, at fair value — — — 33 — (29) — — — 4 — — Equity securities, at fair value 99 8 — 75 — (30) (7) — — 145 (1) — Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (53) 38 — — (1) — 1 — — (15) — — FIA (2) (10) — — — (1) — 1 — — (10) — — Assets held in separate accounts (4) 222 4 — 157 — (6) — — (65) 312 — — (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 Condensed Consolidated Statements of Operations. (3) For financial instruments still held as of September 30, amounts are included in Net investment income and Total net realized capital gains (losses) in the Condensed 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 tables summarize the change in fair value of the Company’s Level 3 assets and liabilities and transfers in and out of Level 3 for the periods indicated: Three Months Ended September 30, 2020 Fair Value as of July 1 Total Purchases Issuances Sales Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value as of September 30 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 $ 61 $ — $ 3 $ 3 $ — $ — $ (1) $ 28 $ (18) $ 76 $ — $ 3 U.S. Corporate private securities 965 — 7 37 — — (10) 243 (63) 1,179 — 7 Foreign corporate public securities and foreign governments (1) — — — — — — — — — — — — Foreign corporate private securities (1) 179 (1) (15) 165 — (8) — 12 (45) 287 — (16) Residential mortgage-backed securities 30 (1) — — — — — — (4) 25 (1) — Commercial mortgage-backed securities — — — 4 — — — — — 4 — — Other asset-backed securities 51 — — 5 — — (13) — — 43 — — Total fixed maturities, including securities pledged 1,286 (2) (5) 214 — (8) (24) 283 (130) 1,614 (1) (6) Equity securities, at fair value 94 3 — 1 — — — — — 98 3 — Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (154) 29 — — — — — — — (125) — — FIA (2) (10) 2 — — (1) — — — — (9) — — Assets held in separate accounts (4) 174 3 — 43 — (1) — 1 (13) 207 — — (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 Condensed Consolidated Statements of Operations. (3) For financial instruments still held as of September 30, amounts are included in Net investment income and Total net realized capital gains (losses) in the Condensed Consolidated Statements of Operations. (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. Nine Months Ended September 30, 2020 Fair Value Total Purchases Issuances Sales Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value as of September 30 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 $ — $ 3 $ 3 $ — $ — $ (4) $ 27 $ — $ 76 $ — $ 3 U.S. Corporate private securities 1,002 1 26 88 — (10) (80) 284 (132) 1,179 — 26 Foreign corporate public securities and foreign governments (1) — — — — — — — — — — — — Foreign corporate private securities (1) 190 1 (27) 175 — (10) (2) 4 (44) 287 1 (26) Residential mortgage-backed securities 16 (3) — 19 — — — — (7) 25 (2) — Commercial mortgage-backed securities — — — 4 — — — — — 4 — Other asset-backed securities 48 — — 9 — — (14) — — 43 — — Total fixed maturities, including securities pledged 1,303 (1) 2 298 — (20) (100) 315 (183) 1,614 (1) 3 Equity securities, at fair value 63 6 — 31 — — (2) — — 98 6 — Derivatives: Guaranteed benefit derivatives: Stabilizer and MCGs (2) (22) (102) — — (1) — — — — (125) — — FIA (2) (11) 3 — — (2) — 1 — — (9) — — Assets held in separate accounts (4) 115 3 — 123 — (2) — 4 (36) 207 — — (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 Condensed Consolidated Statements of Operations. (3) For financial instruments still held as of September 30, amounts are included in Net investment income and Total net realized capital gains (losses) in the Condensed Consolidated Statements of Operations. (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. For the three and nine months ended September 30, 2021 and 2020, 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: September 30, 2021 December 31, 2020 Carrying Fair Carrying Fair Assets: Fixed maturities, including securities pledged $ 27,007 $ 27,007 $ 29,993 $ 29,993 Equity securities 173 173 116 116 Mortgage loans on real estate 4,163 4,463 4,694 5,013 Policy loans 175 175 187 187 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 1,254 1,254 626 626 Deposit assets (2) 1,436 1,475 — — Derivatives 121 121 145 145 Short-term loan to affiliate — — 653 653 Other investments 137 137 43 43 Assets held in separate accounts 93,452 93,452 87,319 87,319 Liabilities: Investment contract liabilities: Funding agreements without fixed maturities and deferred annuities (1) 28,390 36,004 28,169 36,741 Funding agreements with fixed maturities 825 827 795 796 Supplementary contracts, immediate annuities and other 273 284 288 345 Derivatives: Guaranteed benefit derivatives: FIA 10 10 10 10 Stabilizer and MCGs 15 15 53 53 Other derivatives 188 188 216 216 Short-term debt (3) 67 67 8 8 Long-term debt (3) 3 3 3 3 (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 Assets on the Consolidated Balance Sheets. (3) 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 Condensed Consolidated Balance Sheets: Financial Instrument Classification Mortgage loans on real estate Level 3 Policy loans Level 2 Deposit assets Level 3 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 Short-term debt and Long-term debt Level 2

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs and Value of Business Acquired	9 Months Ended
	Sep. 30, 2021
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 tables present a rollforward of DAC and VOBA for the periods indicated: 2021 DAC VOBA Total Balance as of January 1, 2021 $ 122 $ 40 $ 162 Impact of ASU 2016-13 — — — Deferrals of commissions and expenses 41 3 44 Amortization: Amortization, excluding unlocking (2) (79) (79) (158) Unlocking (1) 9 21 30 Interest accrued 26 19 (3) 45 Net amortization included in the Condensed Consolidated Statements of Operations (44) (39) (83) Change due to unrealized capital gains/losses on available-for-sale securities 120 115 235 Balance as of September 30, 2021 $ 239 $ 119 $ 358 2020 DAC VOBA Total Balance as of January 1, 2020 $ 288 $ 305 $ 593 Impact of ASU 2016-13 2 — 2 Deferrals of commissions and expenses 41 1 42 Amortization: Amortization, excluding unlocking (2) (64) (52) (116) Unlocking (1) (17) (121) (138) Interest accrued 26 25 (3) 51 Net amortization included in the Condensed Consolidated Statements of Operations (55) (148) (203) Change due to unrealized capital gains/losses on available-for-sale securities (142) (142) (284) Balance as of September 30, 2020 $ 134 $ 16 $ 150 (1) Includes the impacts of annual review of assumptions which typically occurs in the third quarter; and retrospective and prospective unlocking. (2) During the nine months ended September 30, 2021 the Company recognized $2 of loss recognition related to DAC. There was no loss recognition during the nine months ended September 30, 2020. (3) Interest accrued at the following rates for VOBA: 5.5% to 7.0% during 2021 and 2020.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Shareholder’s equity included the following components of Accumulated Other Comprehensive Income (AOCI) as of the dates indicated: September 30, 2021 2020 Fixed maturities, net of impairments $ 2,343 $ 3,006 Derivatives (1) 80 127 DAC/VOBA and Sales inducements adjustment on available-for-sale securities (616) (837) Premium deficiency reserve adjustment — (424) Unrealized capital gains (losses), before tax 1,807 1,872 Deferred income tax asset (liability) (251) (265) Unrealized capital gains (losses), after tax 1,556 1,607 Pension and other postretirement benefits liability, net of tax 2 3 AOCI $ 1,558 $ 1,610 (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 September 30, 2021, the portion of the AOCI that is expected to be reclassified into earnings within the next twelve months is $20. Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated: Three Months Ended September 30, 2021 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ (134) $ 28 $ (106) Other (1) — (1) Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations (16) 3 (13) DAC/VOBA and Sales inducements 40 (8) 32 Premium deficiency reserve adjustment — — — Change in unrealized gains (losses) on available-for-sale securities (111) 23 (88) Derivatives: Derivatives 19 (1) (4) 15 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations (5) 1 (4) Change in unrealized gains (losses) on derivatives 14 (3) 11 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations — — — Change in pension and other postretirement benefits liability — — — Change in Other comprehensive income (loss) $ (97) $ 20 $ (77) (1) See the Derivative Financial Instrument s Note to these Condensed Consolidated Financial Statements for additional information. Nine Months Ended September 30, 2021 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ (553) $ 117 $ (436) Other (2) — (2) Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations (533) 112 (421) DAC/VOBA and Sales inducements 238 (1) (50) 188 Premium deficiency reserve adjustment 434 (91) 343 Change in unrealized gains (losses) on available-for-sale securities (416) 88 (328) Derivatives: Derivatives 23 (2) (5) 18 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations (16) 3 (13) Change in unrealized gains (losses) on derivatives 7 (2) 5 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations (1) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in accumulated other comprehensive income (loss) $ (410) $ 86 $ (324) (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information. Three Months Ended September 30, 2020 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 376 $ (80) $ 296 Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations 4 (1) 3 DAC/VOBA and Sales inducements (99) 21 (78) Premium deficiency reserve adjustment (144) 31 (113) Change in unrealized gains (losses) on available-for-sale securities 137 (29) 108 Derivatives: Derivatives (36) (1) 7 (29) Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations (6) 2 (4) Change in unrealized gains (losses) on derivatives (42) 9 (33) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations — — — Change in pension and other postretirement benefits liability — — — Change in Other comprehensive income (loss) $ 95 $ (20) $ 75 (1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information. Nine Months Ended September 30, 2020 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 873 $ (184) $ 689 Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations 20 (4) 16 DAC/VOBA and Sales inducements (286) (1) 60 (226) Premium deficiency reserve adjustment (213) 45 (168) Change in unrealized gains (losses) on available-for-sale securities 394 (83) 311 Derivatives: Derivatives 27 (2) (6) 21 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations (17) 4 (13) Change in unrealized gains (losses) on derivatives 10 (2) 8 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations (1) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in accumulated other comprehensive income (loss) $ 403 $ (85) $ 318 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	The Company's effective tax rate for the three and nine months ended September 30, 2021 was 15.4% and 17.2%. The effective tax rate differed from the statutory rate of 21% primarily due to the effect of the dividends received deduction ("DRD") and tax credits. The Company's effective tax rate for the three months ended September 30, 2020 was 28.8%. The effective tax rate differed from the statutory rate of 21% primarily due to the effect of the DRD and tax credits. The Company reported no income or loss for the nine months ended September 30, 2020, so the effective tax rate is not meaningful and does not represent expectations in the future quarters. Tax Sharing Agreement The results of the Company's operations are included in the consolidated tax return of Voya Financial, Inc. 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 Topic 740) as if the Company were a separate taxpayer rather than a member of Voya Financial, Inc.'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. Also, 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, Inc. would have been recorded directly to equity rather than income. Under the tax sharing agreement, Voya Financial, Inc. 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. Tax Regulatory Matters For the tax years 2019 through 2021, the Company participated in the Internal Revenue Service ("IRS") Compliance Assurance Process ("CAP"), which is a continuous audit program provided by the IRS. For the 2019 and 2020 tax years, the Company was in the Compliance Maintenance Bridge ("Bridge") phase of CAP. In the Bridge phase, the IRS did not conduct any review or provide any letters of assurance for those tax years.

Financing Agreements

Financing Agreements	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements Reciprocal Loan Agreement The Company maintains a reciprocal loan agreement with Voya Financial, Inc., an affiliate, to facilitate the handling of unanticipated short-term cash requirements that arise in the ordinary course of business. Under this agreement, which expires on April 1, 2026, either party can borrow from the other up to 3.0% of the Company’s statutory admitted assets as of the preceding December 31. Interest on any borrowing by either the Company or Voya Financial, Inc. is charged at a rate based on the prevailing market rate for similar third-party borrowings or securities. Under this agreement, the Company incurred immaterial interest expense for the three and nine months ended September 30, 2021. The Company earned $1 of interest income for the three and nine months ended September 30, 2021. The Company incurred immaterial interest expense and earned immaterial interest income for the three and nine months ended September 30, 2020. As of September 30, 2021, VRIAC had no outstanding receivables and VIPS had an outstanding payable of $67. As of December 31, 2020, VRIAC had an outstanding receivable of $653 and VIPS had a $7 outstanding payable from/to Voya Financial, Inc. under the reciprocal loan agreement.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies 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 September 30, 2021, the Company had off-balance sheet commitments to acquire mortgage loans of $107 and purchase limited partnerships and private placement investments of $645. 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 agreements, 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: September 30, 2021 December 31, 2020 Fixed maturity collateral pledged to FHLB (1) $ 1,015 $ 997 FHLB restricted stock (2) 44 44 Other fixed maturities-state deposits 14 14 Cash and cash equivalents 4 4 Securities pledged (3) 902 220 Total restricted assets $ 1,979 $ 1,279 (1) Included in Fixed maturities, available for sale, at fair value on the Condensed Consolidated Balance Sheets. (2) Included in Other investments on the Condensed Consolidated Balance Sheets. (3) Includes the fair value of loaned securities of $769 and $143 as of September 30, 2021 and December 31, 2020, respectively. In addition, as of September 30, 2021 and December 31, 2020, the Company delivered securities as collateral of $133 and $77, respectively. Loaned securities and securities delivered as collateral are included in Securities pledged on the Condensed Consolidated Balance Sheets. Federal Home Loan Bank Funding The Company is a member of the Federal Home Loan Bank of Boston ("FHLB") and is required to pledge collateral to back funding agreements issued to the FHLB. As of September 30, 2021 and December 31, 2020, the Company had $825 and $795, respectively, in non-putable funding agreements, which are included in Future policy benefits and contract owner account balances on the Condensed Consolidated Balance Sheets. As of September 30, 2021 and December 31, 2020, assets with a market value of approximately $1,015 and $997, respectively, collateralized the FHLB funding agreements. Assets pledged to the FHLB are included in Fixed maturities, available-for-sale, at fair value on the Condensed Consolidated Balance Sheets. Subsequent to September 30, 2021, the Company issued an additional $100 of funding agreements to the FHLB and pledged additional assets of $100 in support of these contracts. 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 September 30, 2021, the Company estimates the aggregate range of reasonably possible losses, in excess of any amounts accrued for these matters as of such date, as 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

Related Party	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	10. Related Party Transactions Operating Agreements The Company has operating agreements whereby the Company provides or receives services from affiliated entities. For the three and nine months ended September 30, 2021, revenues with affiliated entities related to these agreements were $25 and $73. For the three and nine months ended September 30, 2020, revenues with affiliated entities related to these agreements were $22 and $64. For the three and nine months ended September 30, 2021, expenses with affiliated entities related to the aforementioned operating agreements, as amended, were $154 and $484. For the three and nine months ended September 30, 2020, expenses with affiliated entities related to the aforementioned operating agreements, as amended, were $136 and $429. Reinsurance Agreements

Business, Basis of Presentati_2

Business, Basis of Presentation and Significant Accounting Policies (Policies) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") and are unaudited. 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 Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. The inputs into the Company's estimates and assumptions consider the economic implications of COVID-19 on the Company's critical and significant accounting estimates. Those estimates are inherently subject to change and actual results could differ from those estimates, and the differences may be material to the Condensed Consolidated Financial Statements. The Condensed Consolidated Financial Statements include the accounts of VRIAC and its wholly owned subsidiaries, VFP, VIPS, and VRA. Intercompany transactions and balances have been eliminated. The accompanying Condensed Consolidated Financial Statements reflect adjustments (including normal, recurring adjustments) necessary to present fairly the financial position of the Company as of September 30, 2021, its results of operations, comprehensive income and changes in shareholder's equity for the three and nine months ended September 30, 2021 and 2020, and its statements of cash flows for the nine months ended September 30, 2021 and 2020, in conformity with U.S. GAAP. Interim results are not necessarily indicative of full year performance. Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications. These reclassifications had no impact on net income or total stockholder’s equity. The December 31, 2020 Consolidated Balance Sheet is from the audited Consolidated Financial Statements included in the Company's Annual Report on Form 10-K , filed with the SEC. Therefore, these unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and related notes included in the Company's Annual Report on Form 10-K . Significant Accounting Policies Investments Fixed Maturities and Equity Securities : In the second quarter of 2021, the Company established a trading portfolio of fixed maturity debt securities. Trading securities are valued at fair value with the changes in fair value recorded in Other net realized capital gains (losses) in the Condensed Consolidated Statements of Operations, and interest income is recorded in Net investment income in the Condensed Consolidated Statements of Operations.
Derivatives	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. 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.
Mortgage loans on real estate	$ 4,163	$ 4,694
Adoption of New Pronouncements	Adoption of New Pronouncements The following table provides a description of the Company's adoption of new Accounting Standard Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB") 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 2019-12, Simplifying the Accounting for Income Taxes This standard, issued in December 2019, simplifies the accounting for income taxes by eliminating certain exceptions to the general principles and simplifying several aspects of ASC 740, Income taxes, including requirements related to the following: • The intraperiod tax allocation exception to the incremental approach, • The tax basis step-up in goodwill obtained in a transaction that is not a business combination, • Hybrid tax regimes, • Ownership changes in investments - changes from a subsidiary to an equity method investment, • Separate financial statements of entities not subject to tax, • Interim-period accounting for enacted changes in tax law, and • The year-to-date loss limitation in interim-period tax accounting. January 1, 2021 on a prospective basis, except for those provisions that Adoption of the ASU did not have an impact on the Company's financial condition, results of operations, or cash flows. 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, Reference Rate Reform 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 effective as of March 12, 2020, the issuance date of the ASU. An entity may elect to apply the amendments prospectively The Company expects that it will elect to apply some of the expedients and exceptions provided in ASU 2020-04; however, the Company is still evaluating its options under the guidance as the reference rate reform adoption process continues. Therefore, the impact of the adoption of ASU 2020-04 on the Company’s financial condition and results of operations has not yet been determined. ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts This standard, issued in August 2018, changes the measurement and disclosures of insurance liabilities and deferred acquisition costs ("DAC") for long-duration contracts issued by insurers. On November 5, 2020, the FASB issued ASU 2020-11, which deferred the effective date of the amendments in ASU 2018-12 for SEC filers to fiscal years ending after December 15, 2022, including interim periods within those fiscal years. Initial adoption for the liability for future policy benefits and DAC is required to be reported using either a full retrospective or modified retrospective approach. For market risk benefits, full retrospective application is required. The implications of these requirements, including transition options, and related potential financial statement impacts are currently being evaluated.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Policies)	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	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. 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.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Investments Classified by Contractual Maturity Date	Available-for-sale and fair value option ("FVO") fixed maturities were as follows as of September 30, 2021: Amortized Gross Gross Embedded Derivatives (2) Fair Allowance for credit losses Fixed maturities: U.S. Treasuries $ 553 $ 134 $ — $ — $ 687 $ — U.S. Government agencies and authorities 21 — — — 21 — State, municipalities and political subdivisions 679 89 1 — 767 — U.S. corporate public securities 7,557 1,056 41 — 8,572 — U.S. corporate private securities 3,485 365 15 — 3,835 — Foreign corporate public securities and foreign governments (1) 2,396 278 13 — 2,661 — Foreign corporate private securities (1) 2,569 232 3 — 2,774 24 Residential mortgage-backed securities 3,327 115 16 8 3,433 1 Commercial mortgage-backed securities 2,669 155 11 — 2,813 — Other asset-backed securities 1,421 21 2 — 1,440 — Total fixed maturities, including securities pledged 24,677 2,445 102 8 27,003 25 Less: Securities pledged 792 110 — — 902 — Total fixed maturities $ 23,885 $ 2,335 $ 102 $ 8 $ 26,101 $ 25 (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 Condensed Consolidated Statements of Operations. 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 Condensed Consolidated Statements of Operations. The amortized cost and fair value of fixed maturities, including securities pledged, as of September 30, 2021, 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 $ 312 $ 317 After one year through five years 3,242 3,461 After five years through ten years 4,364 4,812 After ten years 9,342 10,727 Mortgage-backed securities 5,996 6,246 Other asset-backed securities 1,421 1,440 Fixed maturities, including securities pledged $ 24,677 $ 27,003
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 September 30, 2021 Communications $ 884 $ 157 $ 2 $ 1,039 Financial 2,665 297 13 2,949 Industrial and other companies 7,241 787 30 7,998 Energy 1,356 236 14 1,578 Utilities 2,649 343 8 2,984 Transportation 881 81 1 961 Total $ 15,676 $ 1,901 $ 68 $ 17,509 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
Schedule of Securities Borrowed Under Securities Lending Transactions	The following table presents borrowings under securities lending transactions by asset class pledged as of the dates indicated: September 30, 2021 December 31, 2020 U.S. Treasuries $ 82 $ 70 U.S. corporate public securities 461 54 Foreign corporate public securities and foreign governments 251 20 Equity securities 2 — Payables under securities loan agreements $ 796 $ 144
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: Nine Months Ended September 30, 2021 Residential mortgage-backed securities Commercial mortgage-backed securities Foreign corporate private securities Other asset-backed securities Total Balance as of January 1, 2021 $ 1 $ — $ 11 $ 2 $ 14 Credit losses on securities for which credit losses were not previously recorded 1 — 12 — 13 Initial allowance for credit losses recognized on financial assets accounted for as PCD — — — — — 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 (1) — 1 (2) (2) Write-offs — — — — — Recoveries of amounts previously written-off — — — — — Balance at September 30, 2021 $ 1 $ — $ 24 $ — $ 25 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, 2020 $ — $ — $ — $ — $ — 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 — — — — — 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, 2020 $ 1 $ — $ 11 $ 2 $ 14
Schedule of Unrealized Loss on Investments	The following table presents available-for-sale fixed maturities, including securities pledged, for which an allowance for credit losses has not been recorded by market sector and duration as of September 30, 2021: Twelve More Than Twelve Total Fair Unrealized Number of securities Fair Unrealized Number of securities Fair Unrealized Number of securities U.S. Treasuries $ 19 $ — 4 $ 8 $ — 2 $ 27 $ — 6 State, municipalities and political subdivisions 37 1 20 — — — 37 1 20 U.S. corporate public securities 1,315 34 308 83 7 123 1,398 41 431 U.S. corporate private securities 161 1 15 96 14 8 257 15 23 Foreign corporate public securities and foreign governments 347 11 76 21 2 19 368 13 95 Foreign corporate private securities 6 — 3 54 3 5 60 3 8 Residential mortgage-backed 408 8 162 222 8 85 630 16 247 Commercial mortgage-backed 383 4 86 158 7 27 541 11 113 Other asset-backed 149 1 58 84 1 49 233 2 107 Total $ 2,825 $ 60 732 $ 726 $ 42 318 $ 3,551 $ 102 1,050 The Company concluded that an allowance for credit losses was unnecessary for these securities because the unrealized losses are not credit related. The following table presents available-for-sale fixed maturities, including securities pledged, for which an allowance for credit losses has not been recorded by market sector and duration as of December 31, 2020: Twelve Months or Less Below Amortized Cost More Than Twelve Total Fair Unrealized Number Fair Unrealized Number Fair Unrealized Number U.S. Treasuries $ 8 $ — 2 $ — $ — — $ 8 $ — 2 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
Other than Temporary Impairment, Credit Losses Recognized in Earnings	The following table identifies the Company's intent impairments included in the Condensed Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss) by type for the periods indicated: Three Months Ended September 30, 2021 2020 Impairment No. of Securities Impairment No. of Securities State, municipalities, and political subdivisions $ — — $ — * 1 U.S. corporate public securities — — 1 9 U.S. corporate private securities — — — * 1 Foreign corporate public securities and foreign governments (1) — — — 5 Foreign corporate private securities (1) — — — — Residential mortgage-backed — * 2 1 18 Commercial mortgage-backed — — 3 12 Other asset-backed — — — * 1 Total $ — * 2 $ 5 47 Credit Impairments $ — $ — Intent Impairments $ — $ 5 (1) Primarily U.S. dollar denominated. *Less than $1. Nine Months Ended September 30, 2021 2020 Impairment No. of Securities Impairment No. of Securities State, municipalities, and political subdivisions $ — $ — * 6 U.S. corporate public securities — — 12 43 U.S. corporate private securities — * 2 Foreign corporate public securities and foreign governments (1) — — 1 22 Foreign corporate private securities (1) — * 7 Residential mortgage-backed — * 9 2 40 Commercial mortgage-backed — * 1 20 102 Other asset-backed — — 1 60 Total $ — * 10 $ 36 282 Credit Impairments $ — $ — Intent Impairments $ — $ 36 (1) Primarily U.S. dollar denominated. *Less than $1.
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 September 30, 2021 Loan-to-Value Ratios Year of Origination 0% - 50% >50% - 60% >60% - 70% >70% - 80% >80% and above Total 2021 $ 74 $ 237 $ 121 $ — $ — $ 432 2020 139 192 72 — — 403 2019 167 162 77 — — 406 2018 128 44 2 — — 174 2017 551 215 4 — — 770 2016 292 229 1 — — 522 2015 and prior 1,228 213 15 — — 1,456 Total $ 2,579 $ 1,292 $ 292 $ — $ — $ 4,163 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 and prior 1,574 391 15 — — 1,980 Total $ 2,969 $ 1,484 $ 241 $ — $ — $ 4,694
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 September 30, 2021 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 2021 $ 414 $ 18 — $ — $ — $ 432 2020 356 24 23 — — 403 2019 211 89 65 41 — 406 2018 97 3 49 25 — 174 2017 361 305 96 8 — 770 2016 456 47 2 17 — 522 2015 and prior 1,157 137 124 38 — 1,456 Total $ 3,052 $ 623 $ 359 $ 129 $ — $ 4,163 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 and prior 1,676 178 72 54 — 1,980 Total $ 3,480 $ 684 $ 320 $ 210 $ — $ 4,694
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 September 30, 2021 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 2021 $ 59 $ 25 $ 22 $ 102 $ 90 $ 91 $ 9 $ 12 $ 22 $ 432 2020 76 160 34 38 33 29 1 11 21 403 2019 50 106 10 125 35 28 15 11 26 406 2018 32 61 53 7 7 9 — 5 — 174 2017 88 83 320 130 53 55 5 36 — 770 2016 75 120 164 28 44 63 7 15 6 522 2015 and prior 382 327 254 82 137 124 45 86 19 1,456 Total $ 762 $ 882 $ 857 $ 512 $ 399 $ 399 $ 82 $ 176 $ 94 $ 4,163 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 and prior 526 423 326 141 198 180 49 108 29 1,980 Total $ 977 $ 1,027 $ 961 $ 517 $ 456 $ 391 $ 81 $ 202 $ 82 $ 4,694
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 September 30, 2021 Property Type Year of Origination Retail Industrial Apartments Office Hotel/Motel Other Mixed Use Total 2021 $ 7 $ 46 $ 281 $ 90 $ — $ — $ 8 $ 432 2020 51 72 143 137 — — — 403 2019 30 66 222 67 21 — — 406 2018 35 72 32 15 3 17 — 174 2017 91 370 185 121 3 — — 770 2016 104 214 68 128 — 5 3 522 2015 and prior 555 198 270 188 64 144 37 1,456 Total $ 873 $ 1,038 $ 1,201 $ 746 $ 91 $ 166 $ 48 $ 4,163 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 and prior 792 305 338 261 79 166 39 1,980 Total $ 1,155 $ 1,188 $ 1,228 $ 773 $ 117 $ 190 $ 43 $ 4,694
Allowance for Credit Losses on Financing Receivables	The following table summarizes the activity in the allowance for losses for commercial mortgage loans for the periods indicated: September 30, 2021 December 31, 2020 Allowance for credit losses, beginning of the period $ 67 $ 12 (1) Credit losses on mortgage loans for which credit losses were not previously recorded 1 5 Change in allowance due to transfer of loans from Voya Reinsurance portfolios to Resolution (7) — Increase (decrease) on mortgage loans with allowance recorded in previous period (46) 52 Provision for expected credit losses 15 69 Write-offs — (2) Recoveries of amounts previously written off — — Allowance for credit losses, end of period $ 15 $ 67
Financing Receivable, Past Due	The following table presents past due commercial mortgage loans as of the dates indicated: September 30, 2021 December 31, 2020 Delinquency: Current $ 4,163 $ 4,691 30-59 days past due — — 60-89 days past due — — Greater than 90 days past due — 3 Total $ 4,163 $ 4,694
Net Investment Income	Net Investment Income The following table summarizes Net investment income for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Fixed maturities $ 364 $ 415 $ 1,101 $ 1,186 Equity securities 2 2 9 6 Mortgage loans on real estate 44 50 134 150 Policy loans 2 3 6 9 Short-term investments and cash equivalents 1 — 3 1 Other 118 54 284 33 Gross investment income 531 524 1,537 1,385 Less: Investment expenses 17 19 52 56 Net investment income $ 514 $ 505 $ 1,485 $ 1,329
Realized Gain (Loss) on Investments	Net realized capital gains (losses) were as follows for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Fixed maturities, available-for-sale, including securities pledged $ 2 $ (5) $ 522 $ (26) Fixed maturities, at fair value option (108) (125) (395) (109) Equity securities, at fair value — 4 7 5 Derivatives 4 5 (44) 57 Embedded derivatives - fixed maturities (1) (2) (3) 2 Guaranteed benefit derivatives 2 31 39 (99) Mortgage Loans 12 14 96 (29) Other investments 1 — 95 — Net realized capital gains (losses) $ (88) $ (78) $ 317 $ (199)
Gain (Loss) on Securities	Proceeds from the sale of fixed maturities, available-for-sale and trading, and equity securities and the related gross realized gains and losses, before tax, were as follows for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Proceeds on sales $ 279 $ 234 $ 4,141 $ 1,094 Gross gains 16 3 517 64 Gross losses 1 3 3 55
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 periods indicated: Three Months Ended September 30, 2021 2020 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 $ — $ 20 $ (1) $ (35) Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — $ 2 $ — $ — Nine Months Ended September 30, 2021 2020 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) $ 30 $ 1 $ 26 Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — 1 — 5 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 periods indicated: Three Months Ended September 30, 2021 2020 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 $ 514 $ (88) $ 505 $ (73) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 2 — 3 (3) Nine Months Ended September 30, 2021 2020 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 $ 1,485 $ 317 $ 1,329 $ (163) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 6 (5) 8 (3) The location and effect of derivatives not designated as hedging instruments on the Condensed Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Three Months Ended September 30, 2021 2020 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ 3 $ 10 Foreign exchange contracts Other net realized capital gains (losses) 2 (2) Equity contracts Other net realized capital gains (losses) — — Credit contracts Other net realized capital gains (losses) — — Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) (1) (2) Within products Other net realized capital gains (losses) 2 24 Within reinsurance agreements Policyholder benefits — — Managed custody guarantees Other net realized capital gains (losses) (1) 7 Total $ 5 $ 37 Location of Gain or (Loss) Recognized in Income on Derivative Nine Months Ended September 30, 2021 2020 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ (41) $ 55 Foreign exchange contracts Other net realized capital gains (losses) 1 2 Equity contracts Other net realized capital gains (losses) — — Credit contracts Other net realized capital gains (losses) 1 3 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) (3) 2 Within products Other net realized capital gains (losses) 35 (89) Within reinsurance agreements Policyholder benefits — 23 Managed custody guarantees Other net realized capital gains (losses) 3 (10) Total $ (4) $ (14)

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2021
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: September 30, 2021 December 31, 2020 Notional Asset Liability Notional Asset Liability Derivatives: Qualifying for hedge accounting (1) Cash flow hedges: Interest rate contracts $ 18 $ — $ — $ 18 $ — $ — Foreign exchange contracts 566 11 15 628 3 36 Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 13,746 108 173 14,155 137 171 Foreign exchange contracts 40 1 — 83 — 3 Equity contracts — — — 55 5 5 Credit contracts 112 1 — 188 — 1 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 8 — N/A 11 — Within products N/A — 24 N/A — 59 Managed custody guarantees N/A — 1 N/A — 4 Total $ 129 $ 213 $ 156 $ 279 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Condensed 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: September 30, 2021 Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 112 $ 1 $ — Equity contracts — — — Foreign exchange contracts 606 12 15 Interest rate contracts 12,254 108 173 121 188 Counterparty netting (1) (116) (116) Cash collateral netting (1) (1) (55) Securities collateral netting (1) (3) (14) Net receivables/payables $ 1 $ 3 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. 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
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 periods indicated: Three Months Ended September 30, 2021 2020 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 $ — $ 20 $ (1) $ (35) Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — $ 2 $ — $ — Nine Months Ended September 30, 2021 2020 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) $ 30 $ 1 $ 26 Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — 1 — 5 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 periods indicated: Three Months Ended September 30, 2021 2020 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 $ 514 $ (88) $ 505 $ (73) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 2 — 3 (3) Nine Months Ended September 30, 2021 2020 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 $ 1,485 $ 317 $ 1,329 $ (163) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 6 (5) 8 (3) The location and effect of derivatives not designated as hedging instruments on the Condensed Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Three Months Ended September 30, 2021 2020 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ 3 $ 10 Foreign exchange contracts Other net realized capital gains (losses) 2 (2) Equity contracts Other net realized capital gains (losses) — — Credit contracts Other net realized capital gains (losses) — — Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) (1) (2) Within products Other net realized capital gains (losses) 2 24 Within reinsurance agreements Policyholder benefits — — Managed custody guarantees Other net realized capital gains (losses) (1) 7 Total $ 5 $ 37 Location of Gain or (Loss) Recognized in Income on Derivative Nine Months Ended September 30, 2021 2020 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ (41) $ 55 Foreign exchange contracts Other net realized capital gains (losses) 1 2 Equity contracts Other net realized capital gains (losses) — — Credit contracts Other net realized capital gains (losses) 1 3 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) (3) 2 Within products Other net realized capital gains (losses) 35 (89) Within reinsurance agreements Policyholder benefits — 23 Managed custody guarantees Other net realized capital gains (losses) 3 (10) Total $ (4) $ (14)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, 2021: Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 508 $ 179 $ — $ 687 U.S. Government agencies and authorities — 21 — 21 State, municipalities and political subdivisions — 767 — 767 U.S. corporate public securities — 8,549 23 8,572 U.S. corporate private securities — 2,462 1,373 3,835 Foreign corporate public securities and foreign governments (1) — 2,646 15 2,661 Foreign corporate private securities (1) — 2,481 293 2,774 Residential mortgage-backed securities — 3,393 40 3,433 Commercial mortgage-backed securities — 2,804 9 2,813 Other asset-backed securities — 1,405 35 1,440 Total fixed maturities, including securities pledged 508 24,707 1,788 27,003 Fixed maturities, trading — — 4 4 Equity securities 28 — 145 173 Derivatives: Interest rate contracts — 108 — 108 Foreign exchange contracts — 12 — 12 Credit contracts — 1 — 1 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 1,247 7 — 1,254 Assets held in separate accounts 87,671 5,469 312 93,452 Total assets $ 89,454 $ 30,304 $ 2,249 $ 122,007 Percentage of Level to Total 73 % 25 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives: FIA $ — $ — $ 10 $ 10 Stabilizer and MCGs — — 15 15 Other derivatives: Interest rate contracts 7 166 — 173 Foreign exchange contracts — 15 — 15 Equity contracts — — — — Credit contracts — — — — Total liabilities $ 7 $ 181 $ 25 $ 213 (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, 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 Total liabilities $ — $ 216 $ 63 $ 279 (1) Primarily U.S. dollar denominated.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)	9 Months Ended
	Sep. 30, 2021
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]
Deferred Policy Acquisition Costs and Value of Business Acquired	The following tables present a rollforward of DAC and VOBA for the periods indicated: 2021 DAC VOBA Total Balance as of January 1, 2021 $ 122 $ 40 $ 162 Impact of ASU 2016-13 — — — Deferrals of commissions and expenses 41 3 44 Amortization: Amortization, excluding unlocking (2) (79) (79) (158) Unlocking (1) 9 21 30 Interest accrued 26 19 (3) 45 Net amortization included in the Condensed Consolidated Statements of Operations (44) (39) (83) Change due to unrealized capital gains/losses on available-for-sale securities 120 115 235 Balance as of September 30, 2021 $ 239 $ 119 $ 358 2020 DAC VOBA Total Balance as of January 1, 2020 $ 288 $ 305 $ 593 Impact of ASU 2016-13 2 — 2 Deferrals of commissions and expenses 41 1 42 Amortization: Amortization, excluding unlocking (2) (64) (52) (116) Unlocking (1) (17) (121) (138) Interest accrued 26 25 (3) 51 Net amortization included in the Condensed Consolidated Statements of Operations (55) (148) (203) Change due to unrealized capital gains/losses on available-for-sale securities (142) (142) (284) Balance as of September 30, 2020 $ 134 $ 16 $ 150

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Shareholder’s equity included the following components of Accumulated Other Comprehensive Income (AOCI) as of the dates indicated: September 30, 2021 2020 Fixed maturities, net of impairments $ 2,343 $ 3,006 Derivatives (1) 80 127 DAC/VOBA and Sales inducements adjustment on available-for-sale securities (616) (837) Premium deficiency reserve adjustment — (424) Unrealized capital gains (losses), before tax 1,807 1,872 Deferred income tax asset (liability) (251) (265) Unrealized capital gains (losses), after tax 1,556 1,607 Pension and other postretirement benefits liability, net of tax 2 3 AOCI $ 1,558 $ 1,610 (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 September 30, 2021, the portion of the AOCI that is expected to be reclassified into earnings within the next twelve months is $20.
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Nine Months Ended September 30, 2021 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ (553) $ 117 $ (436) Other (2) — (2) Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations (533) 112 (421) DAC/VOBA and Sales inducements 238 (1) (50) 188 Premium deficiency reserve adjustment 434 (91) 343 Change in unrealized gains (losses) on available-for-sale securities (416) 88 (328) Derivatives: Derivatives 23 (2) (5) 18 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations (16) 3 (13) Change in unrealized gains (losses) on derivatives 7 (2) 5 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations (1) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in accumulated other comprehensive income (loss) $ (410) $ 86 $ (324) (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information. Three Months Ended September 30, 2020 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 376 $ (80) $ 296 Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations 4 (1) 3 DAC/VOBA and Sales inducements (99) 21 (78) Premium deficiency reserve adjustment (144) 31 (113) Change in unrealized gains (losses) on available-for-sale securities 137 (29) 108 Derivatives: Derivatives (36) (1) 7 (29) Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations (6) 2 (4) Change in unrealized gains (losses) on derivatives (42) 9 (33) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations — — — Change in pension and other postretirement benefits liability — — — Change in Other comprehensive income (loss) $ 95 $ (20) $ 75 (1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information. Nine Months Ended September 30, 2020 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 873 $ (184) $ 689 Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations 20 (4) 16 DAC/VOBA and Sales inducements (286) (1) 60 (226) Premium deficiency reserve adjustment (213) 45 (168) Change in unrealized gains (losses) on available-for-sale securities 394 (83) 311 Derivatives: Derivatives 27 (2) (6) 21 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations (17) 4 (13) Change in unrealized gains (losses) on derivatives 10 (2) 8 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations (1) — (1) Change in pension and other postretirement benefits liability (1) — (1) Change in accumulated other comprehensive income (loss) $ 403 $ (85) $ 318 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2021
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: September 30, 2021 December 31, 2020 Fixed maturity collateral pledged to FHLB (1) $ 1,015 $ 997 FHLB restricted stock (2) 44 44 Other fixed maturities-state deposits 14 14 Cash and cash equivalents 4 4 Securities pledged (3) 902 220 Total restricted assets $ 1,979 $ 1,279 (1) Included in Fixed maturities, available for sale, at fair value on the Condensed Consolidated Balance Sheets. (2) Included in Other investments on the Condensed Consolidated Balance Sheets. (3) Includes the fair value of loaned securities of $769 and $143 as of September 30, 2021 and December 31, 2020, respectively. In addition, as of September 30, 2021 and December 31, 2020, the Company delivered securities as collateral of $133 and $77, respectively. Loaned securities and securities delivered as collateral are included in Securities pledged on the Condensed Consolidated Balance Sheets.

Business, Basis of Presentati_3

Business, Basis of Presentation and Significant Accounting Policies - Narrative (Details) $ in Millions	Jun. 09, 2021USD ($)professional	Mar. 01, 2021USD ($)shares	Jan. 01, 2020	Sep. 30, 2021USD ($)shares	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)segmentshares	Sep. 30, 2020USD ($)	Dec. 31, 2020shares
Schedule of Equity Transactions [Line Items]
Number of Operating Segments | segment						1
Reinsurance Recoverable, Guarantee Benefit				$ 2,500		$ 2,500
Ceded Premiums Written						2,400
Indemnity coinsurance and modified coinsurance arrangements						3,500
Policyholder Benefits and Claims Incurred, Ceded						2,500
Transfer from Investments						$ 3,700
Common stock, shares issued | shares				55,000		55,000		55,000
Realized capital gains (losses)				$ (88)	$ (78)	$ 317	$ (199)
Reinsurance Payable				73		73
Deposit assets				$ 1,500		$ 1,500
Voya Special Investments, Inc
Schedule of Equity Transactions [Line Items]
Common stock, shares issued | shares		0.499
Security Life of Denver Company
Schedule of Equity Transactions [Line Items]
Notes Issued		$ 80
Resolution (Life U.S. Intermediate Holdings Ltd.)
Schedule of Equity Transactions [Line Items]
Preferred Stock, Shares Issued | shares		73,000,000
Discontinued Operations, Disposed of by Sale | Independent Financial Planning Channel | Cetera Financial Group, Inc
Schedule of Equity Transactions [Line Items]
Disposal Group, Including Discontinued Operation, Number Of Financial Professionals Transferred | professional	800
Disposal Group, Including Discontinued Operation, Assets	$ 38,000
Disposal Group, Including Discontinued Operation, Number Of Financial Professionals Retained | professional	600
Mortgage loans on real estate | Accounting Standards Update 2016-13
Schedule of Equity Transactions [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description			12
Deferred Policy Acquisition Cost | Accounting Standards Update 2016-13
Schedule of Equity Transactions [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description			2
Deferred Income Tax | Accounting Standards Update 2016-13
Schedule of Equity Transactions [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description			2
Retained Earnings (Deficit) | Accounting Standards Update 2016-13
Schedule of Equity Transactions [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description			8

Investments - Fixed Maturities

Investments - Fixed Maturities and Equity Securities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Available-for-sale Securities Including Securities Pledged [Line Items]
Securities pledged, amortized costs	$ 792	$ 169
Fixed Maturities, single issuers in excess of total equity	no
U.S. Treasuries
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	$ 553	535
Fixed maturities, Gross Unrealized Capital Gains	134	186
Fixed maturities, Gross Unrealized Capital Losses	0	0
Embedded Derivatives	0	0
Fair Value	687	721
OTTI	0	0
US Treasury and Government
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	21	18
Fixed maturities, Gross Unrealized Capital Gains	0	1
Fixed maturities, Gross Unrealized Capital Losses	0	0
Embedded Derivatives	0	0
Fair Value	21	19
OTTI	0	0
State, municipalities and political subdivisions
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	679	698
Fixed maturities, Gross Unrealized Capital Gains	89	116
Fixed maturities, Gross Unrealized Capital Losses	1	0
Embedded Derivatives	0	0
Fair Value	767	814
OTTI	0	0
U.S. corporate public securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	7,557	7,632
Fixed maturities, Gross Unrealized Capital Gains	1,056	1,531
Fixed maturities, Gross Unrealized Capital Losses	41	7
Embedded Derivatives	0	0
Fair Value	8,572	9,156
OTTI	0	0
U.S. corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	3,485	3,870
Fixed maturities, Gross Unrealized Capital Gains	365	536
Fixed maturities, Gross Unrealized Capital Losses	15	27
Embedded Derivatives	0	0
Fair Value	3,835	4,379
OTTI	0	0
Foreign corporate public securities and foreign governments
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	2,396	2,539
Fixed maturities, Gross Unrealized Capital Gains	278	413
Fixed maturities, Gross Unrealized Capital Losses	13	1
Embedded Derivatives	0	0
Fair Value	2,661	2,951
OTTI	0	0
Foreign corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	2,569	2,991
Fixed maturities, Gross Unrealized Capital Gains	232	348
Fixed maturities, Gross Unrealized Capital Losses	3	25
Embedded Derivatives	0	0
Fair Value	2,774	3,303
OTTI	24	11
Residential mortgage-backed
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	3,327	4,071
Fixed maturities, Gross Unrealized Capital Gains	115	171
Fixed maturities, Gross Unrealized Capital Losses	16	15
Embedded Derivatives	8	11
Fair Value	3,433	4,237
OTTI	1	1
Commercial mortgage-backed
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	2,669	2,712
Fixed maturities, Gross Unrealized Capital Gains	155	207
Fixed maturities, Gross Unrealized Capital Losses	11	26
Embedded Derivatives	0	0
Fair Value	2,813	2,893
OTTI	0	0
Other asset-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	1,421	1,500
Fixed maturities, Gross Unrealized Capital Gains	21	28
Fixed maturities, Gross Unrealized Capital Losses	2	6
Embedded Derivatives	0	0
Fair Value	1,440	1,520
OTTI	0	2
Embedded derivatives - fixed maturities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	24,677	26,566
Fixed maturities, Gross Unrealized Capital Gains	2,445	3,537
Fixed maturities, Gross Unrealized Capital Losses	102	107
Embedded Derivatives	8	11
Fair Value	27,003	29,993
OTTI	25	14
Total fixed maturities, less securities pledged, Amortized Cost	23,885	26,397
Total fixed maturities, less securities pledged, Gross Unrealized Capital Gains	2,335	3,485
Total fixed maturities, less securities pledged, Gross Unrealized Capital Losses	102	106
Total fixed maturities, less securities pledged, Fair Value	26,101	29,773
Collateral Pledged
Available-for-sale Securities Including Securities Pledged [Line Items]
Securities pledged	902	220
Collateral Pledged | Embedded derivatives - fixed maturities
Available-for-sale Securities Including Securities Pledged [Line Items]
Embedded Derivatives	0	0
OTTI	0	0
Securities pledged, amortized costs	792	169
Securities pledged, Gross Unrealized Capital Gains	110	52
Securities pledged, Gross Unrealized Capital Losses	0	1
Securities pledged	$ 902	$ 220

Investments - Debt Maturities (

Investments - Debt Maturities (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Embedded derivatives - fixed maturities
Available-for-sale Securities Including Securities Pledged [Line Items]
One year or less, Amortized Cost	$ 312
One year or less, Fair Value	317
After one year through five years, Amortized Cost	3,242
After one year through five years, Fair Value	3,461
After five years through ten years, Amortized Cost	4,364
After five years through ten years, Fair Value	4,812
After ten years, Amortized Cost	9,342
After ten years, Fair Value	10,727
Amortized Cost	24,677	$ 26,566
Fixed maturities, including securities pledged	$ 27,003	$ 29,993
Mortgage-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Percent Collateralized Mortgage Backed Securities including Interest-Only Strip or Principal-Only Strip	46.00%	48.20%
Without single maturity date, Amortized Cost	$ 5,996
Without single maturity date, Fair Value	6,246
Other asset-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Without single maturity date, Amortized Cost	1,421
Without single maturity date, Fair Value	1,440
Amortized Cost	1,421	$ 1,500
Fixed maturities, including securities pledged	$ 1,440	$ 1,520

Investments - Composition of US

Investments - Composition of US and Foreign Corporate Securities (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Communications
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	$ 884	$ 950
Gross Unrealized Capital Gains	157	231
Gross Unrealized Capital Losses	2	1
Fair Value	1,039	1,180
Financial
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	2,665	2,921
Gross Unrealized Capital Gains	297	472
Gross Unrealized Capital Losses	13	2
Fair Value	2,949	3,391
Industrial and other companies
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	7,241	7,284
Gross Unrealized Capital Gains	787	1,155
Gross Unrealized Capital Losses	30	13
Fair Value	7,998	8,426
Energy
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	1,356	1,571
Gross Unrealized Capital Gains	236	259
Gross Unrealized Capital Losses	14	22
Fair Value	1,578	1,808
Utilities
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	2,649	3,025
Gross Unrealized Capital Gains	343	530
Gross Unrealized Capital Losses	8	1
Fair Value	2,984	3,554
Transportation
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	881	929
Gross Unrealized Capital Gains	81	128
Gross Unrealized Capital Losses	1	20
Fair Value	961	1,037
Total
Available-for-sale Securities Including Securities Pledged [Line Items]
Amortized Cost	15,676	16,680
Gross Unrealized Capital Gains	1,901	2,775
Gross Unrealized Capital Losses	68	59
Fair Value	$ 17,509	$ 19,396

Investments - Repurchase Agreem

Investments - Repurchase Agreement, Securities Lending, VIEs (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Available-for-sale Securities Including Securities Pledged [Line Items]
Initial collateral required, percent of market value of loaned securities	102.00%
Securities received as collateral	$ 67	$ 70
Payables under securities loan agreements, including collateral held	835	208
Securities pledged as collateral
Available-for-sale Securities Including Securities Pledged [Line Items]
Fair value of loaned securities	769	143
Short-term Investments
Available-for-sale Securities Including Securities Pledged [Line Items]
Securities received as collateral	729	74
Cash collateral, included in Payables
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	729	74
U.S. Treasuries
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	82	70
U.S. corporate public securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	461	54
Foreign corporate public securities and foreign governments
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	251	20
Payables under securities loan agreements
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	796	144
Equity securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Payables under securities loan agreements, including collateral held	$ 2	$ 0

Investments - Allowance for cre

Investments - Allowance for credit losses (Details) - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2021	Sep. 30, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Balance as of January 1, 2021	$ 14	$ 14
Credit losses on securities for which credit losses were not previously recorded	14	13
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0	0
Reductions for securities sold during the period	0	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0	0
Increase (decrease) on securities with allowance recorded in previous period	0	(2)
Write-offs	0	0
Recoveries of amounts previously written-off	0	0
Balance at September 30, 2021		25
Residential mortgage-backed
Allowance for Loan and Lease Losses [Roll Forward]
Balance as of January 1, 2021	1	1
Credit losses on securities for which credit losses were not previously recorded	1	1
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0	0
Reductions for securities sold during the period	0	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0	0
Increase (decrease) on securities with allowance recorded in previous period	0	(1)
Write-offs	0	0
Recoveries of amounts previously written-off	0	0
Balance at September 30, 2021		1
Commercial mortgage-backed
Allowance for Loan and Lease Losses [Roll Forward]
Balance as of January 1, 2021	0	0
Credit losses on securities for which credit losses were not previously recorded	0	0
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0	0
Reductions for securities sold during the period	0	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0	0
Increase (decrease) on securities with allowance recorded in previous period	0	0
Write-offs	0	0
Recoveries of amounts previously written-off	0	0
Balance at September 30, 2021		0
Foreign corporate private securities
Allowance for Loan and Lease Losses [Roll Forward]
Balance as of January 1, 2021	11	11
Credit losses on securities for which credit losses were not previously recorded	11	12
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0	0
Reductions for securities sold during the period	0	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0	0
Increase (decrease) on securities with allowance recorded in previous period	0	1
Write-offs	0	0
Recoveries of amounts previously written-off	0	0
Balance at September 30, 2021		24
Other Asset-backed Securities [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Balance as of January 1, 2021	2	2
Credit losses on securities for which credit losses were not previously recorded	2	0
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0	0
Reductions for securities sold during the period	0	0
Reductions for intent to sell or more likely than not will be required to sell securities prior to recovery of amortized cost	0	0
Increase (decrease) on securities with allowance recorded in previous period	0	(2)
Write-offs	0	0
Recoveries of amounts previously written-off	$ 0	0
Balance at September 30, 2021		$ 0

Investments - Unrealized Capita

Investments - Unrealized Capital Losses (Details) $ in Millions	Sep. 30, 2021USD ($)securities	Dec. 31, 2020USD ($)securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 2,825	$ 2,134
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 60	$ 78
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	732	555
More Than Twelve Months Below Amortized Cost, Fair Value	$ 726	$ 519
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 42	$ 29
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	318	163
Total, Fair Value	$ 3,551	$ 2,653
Total Unrealized Capital Losses	$ 102	$ 107
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	1,050	718
U.S. Treasuries
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 19	$ 8
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	4	2
More Than Twelve Months Below Amortized Cost, Fair Value	$ 8	$ 0
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	2	0
Total, Fair Value	$ 27	$ 8
Total Unrealized Capital Losses	$ 0	$ 0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	6	2
State, municipalities and political subdivisions
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 37	$ 5
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	20	2
More Than Twelve Months Below Amortized Cost, Fair Value	$ 0	$ 0
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	0	0
Total, Fair Value	$ 37	$ 5
Total Unrealized Capital Losses	$ 1	$ 0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	20	2
U.S. corporate public securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 1,315	$ 199
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 34	$ 5
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	308	182
More Than Twelve Months Below Amortized Cost, Fair Value	$ 83	$ 22
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 7	$ 2
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	123	4
Total, Fair Value	$ 1,398	$ 221
Total Unrealized Capital Losses	$ 41	$ 7
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	431	186
U.S. corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 161	$ 316
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 1	$ 10
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	15	29
More Than Twelve Months Below Amortized Cost, Fair Value	$ 96	$ 71
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 14	$ 17
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	8	7
Total, Fair Value	$ 257	$ 387
Total Unrealized Capital Losses	$ 15	$ 27
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	23	36
Foreign corporate public securities and foreign governments
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 347	$ 32
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 11	$ 1
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	76	22
More Than Twelve Months Below Amortized Cost, Fair Value	$ 21	$ 6
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 2	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	19	2
Total, Fair Value	$ 368	$ 38
Total Unrealized Capital Losses	$ 13	$ 1
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	95	24
Foreign corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 6	$ 176
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 0	$ 25
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	3	20
More Than Twelve Months Below Amortized Cost, Fair Value	$ 54	$ 3
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 3	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	5	1
Total, Fair Value	$ 60	$ 179
Total Unrealized Capital Losses	$ 3	$ 25
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	8	21
Residential mortgage-backed
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 408	$ 613
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 8	$ 11
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	162	134
More Than Twelve Months Below Amortized Cost, Fair Value	$ 222	$ 119
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 8	$ 4
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	85	54
Total, Fair Value	$ 630	$ 732
Total Unrealized Capital Losses	$ 16	$ 15
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	247	188
Commercial mortgage-backed
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 383	$ 579
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 4	$ 25
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	86	105
More Than Twelve Months Below Amortized Cost, Fair Value	$ 158	$ 33
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 7	$ 1
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	27	7
Total, Fair Value	$ 541	$ 612
Total Unrealized Capital Losses	$ 11	$ 26
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	113	112
Other asset-backed securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Twelve Months or Less below amortized cost, Fair Value	$ 149	$ 206
Twelve Months or Less below amortized cost, Unrealized Capital Loss	$ 1	$ 1
Twelve Months or Less below amortized cost, total number of securities in an unrealized loss position | securities	58	59
More Than Twelve Months Below Amortized Cost, Fair Value	$ 84	$ 265
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 1	$ 5
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	49	88
Total, Fair Value	$ 233	$ 471
Total Unrealized Capital Losses	$ 2	$ 6
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | securities	107	147

Investments - Unrealized Capi_2

Investments - Unrealized Capital Losses 1 (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)securities	Dec. 31, 2020USD ($)securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Available For Sale Securities Change in Loss Position	$ 5
Total Unrealized Capital Losses	102	$ 107
More Than Twelve Months Below Amortized Cost, Unrealized Capital Loss	$ 42	$ 29
More than twelve months below amortized cost, Number of Securities | securities	318	163
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	5

Investments - OTTI (Details)

Investments - OTTI (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)securities	Sep. 30, 2020USD ($)securities	Sep. 30, 2021USD ($)securities	Sep. 30, 2020USD ($)securitiesloan
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 5	$ 0	$ 36
No. of Securities | securities	2,000,000	47,000,000	10	282
Write-downs related to credit impairments	$ 0	$ 0	$ 0	$ 0
Intent Impairments	0	5	0	36
U.S. corporate public securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 1	$ 0	$ 12
No. of Securities | securities	0	9,000,000	0	43
Foreign corporate public securities and foreign governments
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 0	$ 0	$ 1
No. of Securities | securities	0	5,000,000	0	22
Foreign corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 0		$ 0
No. of Securities | securities	0	0		7
Residential mortgage-backed
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 1	$ 0	$ 2
No. of Securities | securities	2,000,000	18,000,000	9	40
Commercial mortgage-backed
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 3	$ 0	$ 20
No. of Securities | securities	0	12,000,000	1	102
U.S. corporate private securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 0		$ 0
No. of Securities | securities	0	1,000,000		2
State, municipalities and political subdivisions
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 0	$ 0	$ 0
No. of Securities	0	1,000,000		6
Other Asset-backed Securities [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Impairment	$ 0	$ 0	$ 0	$ 1
No. of Securities | securities	0	1,000,000	0	60

Investments - Troubled Debt Res

Investments - Troubled Debt Restructuring (Details) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Sep. 30, 2021loan	Sep. 30, 2020USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans and Leases Receivable, Loan to Value, Benchmark Ratio	100.00%	100.00%
Loans and Leases Receivable, Debt Service Coverage, Benchmark Ratio	100.00%	100.00%
Private Placement
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructuring, number of contracts		0	0
Commercial Mortgage Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructuring, number of contracts			1
Post-modification carrying value | $			$ 3
Commercial Portfolio Segment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Troubled debt restructuring, number of contracts		0

Investments - Loans by Loan to

Investments - Loans by Loan to Value (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 4,163	$ 4,694
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%	100.00%
0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 2,579	2,969
Loans Receivable, Loan to Value Ratio, Minimum	0.00%	0.00%
Loans Receivable, Loan to Value Ratio, Maximum	50.00%	50.00%
50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 1,292	1,484
Loans Receivable, Loan to Value Ratio, Minimum	50.00%	50.00%
Loans Receivable, Loan to Value Ratio, Maximum	60.00%	60.00%
60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 292	241
Loans Receivable, Loan to Value Ratio, Minimum	60.00%	60.00%
Loans Receivable, Loan to Value Ratio, Maximum	70.00%	70.00%
70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 0	0
Loans Receivable, Loan to Value Ratio, Minimum	70.00%	70.00%
Loans Receivable, Loan to Value Ratio, Maximum	80.00%	80.00%
>80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 0	0
Loans Receivable, Loan to Value Ratio, Minimum	80.00%	80.00%
Year of Origination 2020
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 403	409
Year of Origination 2020 | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		139	164
Year of Origination 2020 | 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		192	206
Year of Origination 2020 | 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		72	39
Year of Origination 2020 | 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2020 | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2019
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		406	481
Year of Origination 2019 | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		167	209
Year of Origination 2019 | 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		162	165
Year of Origination 2019 | 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		77	107
Year of Origination 2019 | 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2019 | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2018
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		174	288
Year of Origination 2018 | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		128	124
Year of Origination 2018 | 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		44	91
Year of Origination 2018 | 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		2	73
Year of Origination 2018 | 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2018 | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2017
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		770	861
Year of Origination 2017 | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		551	499
Year of Origination 2017 | 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		215	356
Year of Origination 2017 | 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		4	6
Year of Origination 2017 | 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2017 | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2016
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		522	675
Year of Origination 2016 | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		292	399
Year of Origination 2016 | 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		229	275
Year of Origination 2016 | 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		1	1
Year of Origination 2016 | 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2016 | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2014 and prior
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		1,456	1,980
Year of Origination 2014 and prior | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		1,228	1,574
Year of Origination 2014 and prior | 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		213	391
Year of Origination 2014 and prior | 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		15	15
Year of Origination 2014 and prior | 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Year of Origination 2014 and prior | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	$ 0
Year of Origination 2021
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		432
Year of Origination 2021 | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		74
Year of Origination 2021 | 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		237
Year of Origination 2021 | 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		121
Year of Origination 2021 | 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		0
Year of Origination 2021 | >80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 0

Investments - Loans by Debt Ser

Investments - Loans by Debt Service Coverage Ratio (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		$ 4,163	$ 4,694
Loans and Leases Receivable, Debt Service Coverage, Benchmark Ratio	100.00%	100.00%
Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Loans Receivable, Debt Service Coverage Ratio, Minimum	150.00%	150.00%
Commercial mortgage loans		$ 3,052	3,480
1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Loans Receivable, Debt Service Coverage Ratio, Minimum	125.00%	125.00%
Loans Receivable, Debt Service Coverage Ratio, Maximum	150.00%	150.00%
Commercial mortgage loans		$ 623	684
1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Loans Receivable, Debt Service Coverage Ratio, Minimum	100.00%	100.00%
Loans Receivable, Debt Service Coverage Ratio, Maximum	125.00%	125.00%
Commercial mortgage loans		$ 359	320
Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
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		$ 129	210
Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	0
Year of Origination 2020
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		403	409
Year of Origination 2020 | Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		356	298
Year of Origination 2020 | 1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		24	93
Year of Origination 2020 | 1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		23	18
Year of Origination 2020 | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	0
Year of Origination 2020 | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	0
Year of Origination 2019
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		406	481
Year of Origination 2019 | Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		211	319
Year of Origination 2019 | 1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		89	77
Year of Origination 2019 | 1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		65	36
Year of Origination 2019 | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		41	49
Year of Origination 2019 | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	0
Year of Origination 2018
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		174	288
Year of Origination 2018 | Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		97	102
Year of Origination 2018 | 1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		3	79
Year of Origination 2018 | 1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		49	60
Year of Origination 2018 | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		25	47
Year of Origination 2018 | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	0
Year of Origination 2017
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		770	861
Year of Origination 2017 | Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		361	494
Year of Origination 2017 | 1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		305	204
Year of Origination 2017 | 1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		96	103
Year of Origination 2017 | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		8	60
Year of Origination 2017 | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	0
Year of Origination 2016
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		522	675
Year of Origination 2016 | Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		456	591
Year of Origination 2016 | 1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		47	53
Year of Origination 2016 | 1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		2	31
Year of Origination 2016 | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		17	0
Year of Origination 2016 | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	0
Year of Origination 2014 and prior
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		1,456	1,980
Year of Origination 2014 and prior | Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		1,157	1,676
Year of Origination 2014 and prior | 1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		137	178
Year of Origination 2014 and prior | 1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		124	72
Year of Origination 2014 and prior | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		38	54
Year of Origination 2014 and prior | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0	$ 0
Year of Origination 2021
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		432
Year of Origination 2021 | Greater than 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		414
Year of Origination 2021 | 1.25x - 1.5x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		18
Year of Origination 2021 | 1.0x - 1.25x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0
Year of Origination 2021 | Less than 1.0x
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		0
Year of Origination 2021 | Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Debt Service Coverage Ratio [Line Items]
Commercial mortgage loans		$ 0

Investments - Loans by U.S. Reg

Investments - Loans by U.S. Region (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Open Option Contracts Written [Line Items]
Commercial mortgage loans	$ 4,163	$ 4,694
Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	762	977
South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	882	1,027
Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	857	961
West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	512	517
Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	399	456
East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	399	391
New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	82	81
West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	176	202
East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	94	82
Year of Origination 2020
Open Option Contracts Written [Line Items]
Commercial mortgage loans	403	409
Year of Origination 2020 | Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	76	84
Year of Origination 2020 | South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	160	159
Year of Origination 2020 | Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	34	35
Year of Origination 2020 | West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	38	37
Year of Origination 2020 | Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	33	32
Year of Origination 2020 | East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	29	29
Year of Origination 2020 | New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	1	1
Year of Origination 2020 | West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	11	12
Year of Origination 2020 | East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	21	20
Year of Origination 2019
Open Option Contracts Written [Line Items]
Commercial mortgage loans	406	481
Year of Origination 2019 | Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	50	63
Year of Origination 2019 | South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	106	122
Year of Origination 2019 | Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	10	11
Year of Origination 2019 | West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	125	137
Year of Origination 2019 | Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	35	54
Year of Origination 2019 | East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	28	39
Year of Origination 2019 | New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	15	17
Year of Origination 2019 | West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	11	11
Year of Origination 2019 | East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	26	27
Year of Origination 2018
Open Option Contracts Written [Line Items]
Commercial mortgage loans	174	288
Year of Origination 2018 | Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	32	49
Year of Origination 2018 | South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	61	98
Year of Origination 2018 | Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	53	57
Year of Origination 2018 | West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	7	34
Year of Origination 2018 | Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	7	26
Year of Origination 2018 | East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	9	11
Year of Origination 2018 | New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2018 | West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	5	13
Year of Origination 2018 | East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2017
Open Option Contracts Written [Line Items]
Commercial mortgage loans	770	861
Year of Origination 2017 | Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	88	99
Year of Origination 2017 | South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	83	98
Year of Origination 2017 | Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	320	352
Year of Origination 2017 | West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	130	136
Year of Origination 2017 | Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	53	74
Year of Origination 2017 | East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	55	60
Year of Origination 2017 | New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	5	5
Year of Origination 2017 | West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	36	37
Year of Origination 2017 | East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2016
Open Option Contracts Written [Line Items]
Commercial mortgage loans	522	675
Year of Origination 2016 | Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	75	156
Year of Origination 2016 | South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	120	127
Year of Origination 2016 | Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	164	180
Year of Origination 2016 | West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	28	32
Year of Origination 2016 | Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	44	72
Year of Origination 2016 | East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	63	72
Year of Origination 2016 | New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	7	9
Year of Origination 2016 | West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	15	21
Year of Origination 2016 | East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	6	6
Year of Origination 2014 and prior
Open Option Contracts Written [Line Items]
Commercial mortgage loans	1,456	1,980
Year of Origination 2014 and prior | Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	382	526
Year of Origination 2014 and prior | South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	327	423
Year of Origination 2014 and prior | Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	254	326
Year of Origination 2014 and prior | West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	82	141
Year of Origination 2014 and prior | Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	137	198
Year of Origination 2014 and prior | East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	124	180
Year of Origination 2014 and prior | New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	45	49
Year of Origination 2014 and prior | West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	86	108
Year of Origination 2014 and prior | East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	19	$ 29
Year of Origination 2021
Open Option Contracts Written [Line Items]
Commercial mortgage loans	432
Year of Origination 2021 | Pacific
Open Option Contracts Written [Line Items]
Commercial mortgage loans	59
Year of Origination 2021 | South Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	25
Year of Origination 2021 | Middle Atlantic
Open Option Contracts Written [Line Items]
Commercial mortgage loans	22
Year of Origination 2021 | West South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	102
Year of Origination 2021 | Mountain
Open Option Contracts Written [Line Items]
Commercial mortgage loans	90
Year of Origination 2021 | East North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	91
Year of Origination 2021 | New England
Open Option Contracts Written [Line Items]
Commercial mortgage loans	9
Year of Origination 2021 | West North Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	12
Year of Origination 2021 | East South Central
Open Option Contracts Written [Line Items]
Commercial mortgage loans	$ 22

Investments - Loans by Property

Investments - Loans by Property Type (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Investment Holdings [Line Items]
Commercial mortgage loans	$ 4,163	$ 4,694
Retail
Investment Holdings [Line Items]
Commercial mortgage loans	873	1,155
Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	1,038	1,188
Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	1,201	1,228
Office
Investment Holdings [Line Items]
Commercial mortgage loans	746	773
Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	91	117
Other
Investment Holdings [Line Items]
Commercial mortgage loans	166	190
Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	48	43
Year of Origination 2020
Investment Holdings [Line Items]
Commercial mortgage loans	403	409
Year of Origination 2020 | Retail
Investment Holdings [Line Items]
Commercial mortgage loans	51	51
Year of Origination 2020 | Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	72	73
Year of Origination 2020 | Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	143	141
Year of Origination 2020 | Office
Investment Holdings [Line Items]
Commercial mortgage loans	137	144
Year of Origination 2020 | Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2020 | Other
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2020 | Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2019
Investment Holdings [Line Items]
Commercial mortgage loans	406	481
Year of Origination 2019 | Retail
Investment Holdings [Line Items]
Commercial mortgage loans	30	32
Year of Origination 2019 | Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	66	73
Year of Origination 2019 | Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	222	283
Year of Origination 2019 | Office
Investment Holdings [Line Items]
Commercial mortgage loans	67	71
Year of Origination 2019 | Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	21	22
Year of Origination 2019 | Other
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2019 | Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2018
Investment Holdings [Line Items]
Commercial mortgage loans	174	288
Year of Origination 2018 | Retail
Investment Holdings [Line Items]
Commercial mortgage loans	35	49
Year of Origination 2018 | Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	72	78
Year of Origination 2018 | Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	32	124
Year of Origination 2018 | Office
Investment Holdings [Line Items]
Commercial mortgage loans	15	17
Year of Origination 2018 | Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	3	3
Year of Origination 2018 | Other
Investment Holdings [Line Items]
Commercial mortgage loans	17	17
Year of Origination 2018 | Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2017
Investment Holdings [Line Items]
Commercial mortgage loans	770	861
Year of Origination 2017 | Retail
Investment Holdings [Line Items]
Commercial mortgage loans	91	102
Year of Origination 2017 | Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	370	415
Year of Origination 2017 | Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	185	204
Year of Origination 2017 | Office
Investment Holdings [Line Items]
Commercial mortgage loans	121	136
Year of Origination 2017 | Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	3	4
Year of Origination 2017 | Other
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2017 | Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	0	0
Year of Origination 2016
Investment Holdings [Line Items]
Commercial mortgage loans	522	675
Year of Origination 2016 | Retail
Investment Holdings [Line Items]
Commercial mortgage loans	104	129
Year of Origination 2016 | Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	214	244
Year of Origination 2016 | Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	68	138
Year of Origination 2016 | Office
Investment Holdings [Line Items]
Commercial mortgage loans	128	144
Year of Origination 2016 | Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	0	9
Year of Origination 2016 | Other
Investment Holdings [Line Items]
Commercial mortgage loans	5	7
Year of Origination 2016 | Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	3	4
Year of Origination 2014 and prior
Investment Holdings [Line Items]
Commercial mortgage loans	1,456	1,980
Year of Origination 2014 and prior | Retail
Investment Holdings [Line Items]
Commercial mortgage loans	555	792
Year of Origination 2014 and prior | Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	198	305
Year of Origination 2014 and prior | Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	270	338
Year of Origination 2014 and prior | Office
Investment Holdings [Line Items]
Commercial mortgage loans	188	261
Year of Origination 2014 and prior | Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	64	79
Year of Origination 2014 and prior | Other
Investment Holdings [Line Items]
Commercial mortgage loans	144	166
Year of Origination 2014 and prior | Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	37	$ 39
Year of Origination 2021
Investment Holdings [Line Items]
Commercial mortgage loans	432
Year of Origination 2021 | Retail
Investment Holdings [Line Items]
Commercial mortgage loans	7
Year of Origination 2021 | Industrial
Investment Holdings [Line Items]
Commercial mortgage loans	46
Year of Origination 2021 | Apartments
Investment Holdings [Line Items]
Commercial mortgage loans	281
Year of Origination 2021 | Office
Investment Holdings [Line Items]
Commercial mortgage loans	90
Year of Origination 2021 | Hotel/Motel
Investment Holdings [Line Items]
Commercial mortgage loans	0
Year of Origination 2021 | Other
Investment Holdings [Line Items]
Commercial mortgage loans	0
Year of Origination 2021 | Mixed Use
Investment Holdings [Line Items]
Commercial mortgage loans	$ 8

Investments - Allowance for Los

Investments - Allowance for Losses for Commercial Mortgage Loans (Details) $ in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2021USD ($)	Sep. 30, 2021USD ($)loan	Sep. 30, 2020USD ($)	Dec. 31, 2020loan
Allowance for Loan and Lease Losses [Roll Forward]
Balance as of January 1, 2021	$ 14	$ 14	$ 0
Credit losses on mortgage loans for which credit losses were not previously recorded	14	13
Initial allowance for credit losses recognized on financial assets accounted for as PCD	0	0
Increase (decrease) on mortgage loans with allowance recorded in previous period	0	(2)
Write-offs	0	0
Recoveries of amounts previously written off	0	0
Balance at September 30, 2021		$ 25
Financing Receivable, Nonaccrual, Number Of Loans | loan		0		1
Accounts Receivable, Noncurrent, 90 Days or More Past Due, Still Accruing		$ 0
Financing Receivable, Nonaccrual, Interest Income		0
Commercial Portfolio Segment
Allowance for Loan and Lease Losses [Roll Forward]
Balance as of January 1, 2021	67	67	$ 12
Credit losses on mortgage loans for which credit losses were not previously recorded	5	1
Accounts Receivable, Sale	0	(7)
Increase (decrease) on mortgage loans with allowance recorded in previous period	52	(46)
Provision for expected credit losses	69	15
Write-offs	(2)	0
Recoveries of amounts previously written off	$ 0	0
Balance at September 30, 2021		$ 15
Troubled debt restructuring, number of contracts | loan		0
COVID-19 Pandemic [Member] | Commercial Portfolio Segment
Allowance for Loan and Lease Losses [Roll Forward]
Mortgage Loans On Real Estate, Payment Forbearance Provided, Percent of Outstanding Principal Amount Of Loans		700.00%

Investments - Past due commerci

Investments - Past due commercial mortgage loans (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)loan	Sep. 30, 2020USD ($)loan	Dec. 31, 2020USD ($)
Financing Receivable, Past Due [Line Items]
Past due commercial mortgage loans	$ 4,163		$ 4,694
Financing Receivable, Nonaccrual, No Allowance	$ 0
Commercial Mortgage Loans
Financing Receivable, Past Due [Line Items]
Post-modification carrying value		$ 3
Troubled debt restructuring, number of contracts | loan		1
Private Placement
Financing Receivable, Past Due [Line Items]
Troubled debt restructuring, number of contracts | loan	0	0
Current
Financing Receivable, Past Due [Line Items]
Past due commercial mortgage loans	$ 4,163		4,691
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	$ 0		$ 3

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 531	$ 524	$ 1,537	$ 1,385
Less: investment expense	17	19	52	56
Net investment income	514	505	1,485	1,329
Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	364	415	1,101	1,186
Investments in fixed maturities that did not produce net income	0		0
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2	2	9	6
Mortgage loans on real estate
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	44	50	134	150
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2	3	6	9
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	1	0	3	1
Other
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 118	$ 54	$ 284	$ 33

Investments - Net Realized Capi

Investments - Net Realized Capital Gains (Losses) (Details) - USD ($) $ in Millions	Jun. 01, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		$ (88)	$ (78)	$ 317	$ (199)
Proceeds from sale of investments
Proceeds on sales		279	234	4,141	1,094
Gross gains		16	3	517	64
Gross losses		1	3	3	55
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest Prior to Disposal	9.99%
Equity Method Investment, Realized Gain (Loss) on Disposal				95
Embedded derivatives - fixed maturities
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		(1)	(2)	(3)	2
Guaranteed benefit derivatives
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		2	31	39	(99)
Derivatives
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		4	5	(44)	57
Other investments
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		1	0	95	0
Mortgages [Member]
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		12	14	96	(29)
Fixed Maturities, Available-for-sale, Including Securities Pledged
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		2	(5)	522	(26)
Fixed Maturities, at Fair Value Using the Fair Value Option
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		(108)	(125)	(395)	(109)
Equity securities
Available-for-sale Securities Including Securities Pledged [Line Items]
Realized capital gains (losses)		$ 0	$ 4	$ 7	$ 5

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional and Fair Values (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivatives, Asset Fair Value	$ 129	$ 156
Derivatives, Liability Fair Value	213	279
Credit contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	112	188
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	12,254	12,567
Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	606	711
Equity contract
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0	55
Designated as Hedging Instrument | Interest rate contracts | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	18	18
Derivatives, Asset Fair Value	0	0
Derivatives, Liability Fair Value	0	0
Designated as Hedging Instrument | Foreign exchange contracts | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	566	628
Derivatives, Asset Fair Value	11	3
Derivatives, Liability Fair Value	15	36
Not Designated as Hedging Instrument | Credit contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	112	188
Derivatives, Asset Fair Value	1	0
Derivatives, Liability Fair Value	0	1
Not Designated as Hedging Instrument | Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	13,746	14,155
Derivatives, Asset Fair Value	108	137
Derivatives, Liability Fair Value	173	171
Not Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	40	83
Derivatives, Asset Fair Value	1	0
Derivatives, Liability Fair Value	0	3
Not Designated as Hedging Instrument | Equity contract
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0	55
Derivatives, Asset Fair Value	0	5
Derivatives, Liability Fair Value	0	5
Not Designated as Hedging Instrument | Fixed maturities
Derivatives, Fair Value [Line Items]
Derivatives, Asset Fair Value	8	11
Derivatives, Liability Fair Value	0	0
Not Designated as Hedging Instrument | Within products
Derivatives, Fair Value [Line Items]
Derivatives, Asset Fair Value	0	0
Derivatives, Liability Fair Value	24	59
Not Designated as Hedging Instrument | Managed Custody Guarantees
Derivatives, Fair Value [Line Items]
Derivatives, Asset Fair Value	0	0
Derivatives, Liability Fair Value	$ 1	$ 4

Derivative Financial Instrume_4

Derivative Financial Instruments - Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Offsetting Assets and liabilities [Line Items]
Asset Fair Value	$ 121	$ 145
Liability Fair Value	188	216
Counterparty netting, Assets	(116)	(141)
Counterparty netting, Liabilities	(116)	(141)
Cash collateral netting, Assets	(1)	(1)
Cash collateral netting, Liabilities	(55)	(43)
Securities collateral netting, Assets	(3)	0
Securities collateral netting, Liabilities	(14)	(28)
Net receivables	1	3
Net payables	3	4
Equity contract
Offsetting Assets and liabilities [Line Items]
Notional Amount	0	55
Asset Fair Value	0	5
Liability Fair Value	0	5
Foreign exchange contracts
Offsetting Assets and liabilities [Line Items]
Notional Amount	606	711
Asset Fair Value	12	3
Liability Fair Value	15	39
Interest rate contracts
Offsetting Assets and liabilities [Line Items]
Notional Amount	12,254	12,567
Asset Fair Value	108	137
Liability Fair Value	173	171
Credit contracts
Offsetting Assets and liabilities [Line Items]
Notional Amount	112	188
Asset Fair Value	1	0
Liability Fair Value	$ 0	$ 1

Derivative Financial Instrume_5

Derivative Financial Instruments - Collateral and Credit Default Swaps (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Securities pledged as collateral
Derivatives, Fair Value [Line Items]
Cash collateral held for securities loan agreement	$ 3	$ 0
Securities delivered as collateral	133	77
Over the Counter | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Cash collateral held for securities loan agreement	1	5
Exchange Cleared | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Cash collateral held for securities loan agreement	$ 55	$ 43

Derivative Financial Instrume_6

Derivative Financial Instruments - Net Realized Gains (Losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivatives, Fair Value [Line Items]
Net Investment Income	$ 514	$ 505	$ 1,485	$ 1,329
Other net realized capital gains (losses)	(88)	(73)	317	(163)
Derivative, Gain (Loss) on Derivative, Net	5	37	(4)	(14)
Interest rate contracts | Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	(1)	(1)	1
Interest rate contracts | Investment Income | Designated as Hedging Instrument | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0	0	0
Interest rate contracts | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	3	10	(41)	55
Foreign exchange contracts | Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	20	(35)	30	26
Foreign exchange contracts | Investment Income | Designated as Hedging Instrument | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	2	0	1	5
Net realized gains (losses) on derivatives	2	3	6	8
Foreign exchange contracts | Other Net Realized Capital Gains (Losses) | Designated as Hedging Instrument | Cash flow hedges
Derivatives, Fair Value [Line Items]
Net realized gains (losses) on derivatives	0	(3)	(5)	(3)
Foreign exchange contracts | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	2	(2)	1	2
Equity contract | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0	0	0
Fixed maturities | Other Net Realized Capital Gains (Losses)
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(1)	(2)	(3)	2
Product | Other Net Realized Capital Gains (Losses)
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	2	24	35	(89)
Reinsurance agreements | Interest Credited and Other Benefits to Contract Owners
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0	0	23
Managed Custody Guarantees | Gain (Loss) on Investments
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(1)	7	3	(10)
Credit contracts | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 0	$ 0	$ 1	$ 3

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurement (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Assets:
Derivatives	$ 121	$ 145
Assets held in separate accounts	93,452	87,319
Liabilities:
Derivatives	188	216
U.S. Treasuries
Assets:
Fixed maturities, including securities pledged	687	721
US Treasury and Government
Assets:
Fixed maturities, including securities pledged	21	19
State, municipalities and political subdivisions
Assets:
Fixed maturities, including securities pledged	767	814
U.S. corporate public securities
Assets:
Fixed maturities, including securities pledged	8,572	9,156
U.S. corporate private securities
Assets:
Fixed maturities, including securities pledged	3,835	4,379
Foreign corporate public securities and foreign governments
Assets:
Fixed maturities, including securities pledged	2,661	2,951
Foreign corporate private securities
Assets:
Fixed maturities, including securities pledged	2,774	3,303
Residential mortgage-backed
Assets:
Fixed maturities, including securities pledged	3,433	4,237
Commercial mortgage-backed
Assets:
Fixed maturities, including securities pledged	2,813	2,893
Other asset-backed securities
Assets:
Fixed maturities, including securities pledged	1,440	1,520
Assets measured on recurring basis
Assets:
Fixed maturities, including securities pledged	27,003	29,993
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement	1,254	626
Assets held in separate accounts	93,452	87,319
Total assets, fair value	$ 122,007	$ 118,199
Percentage of Level to total assets	100.00%	100.00%
Liabilities:
Total liabilities, fair value	$ 213	$ 279
Assets measured on recurring basis | FIA
Liabilities:
Product guarantees	10	10
Assets measured on recurring basis | Stabilizer and MCGs
Liabilities:
Product guarantees	15	53
Assets measured on recurring basis | Interest rate contracts
Assets:
Derivatives	108	137
Liabilities:
Derivatives	173	171
Assets measured on recurring basis | Foreign exchange contracts
Assets:
Derivatives	12	3
Liabilities:
Derivatives	15	39
Assets measured on recurring basis | Equity contract
Assets:
Derivatives		5
Liabilities:
Derivatives	0	5
Assets measured on recurring basis | Credit contracts
Assets:
Derivatives	1
Assets measured on recurring basis | Credit contracts
Liabilities:
Derivatives	0	1
Assets measured on recurring basis | U.S. Treasuries
Assets:
Fixed maturities, including securities pledged	687	721
Assets measured on recurring basis | US Treasury and Government
Assets:
Fixed maturities, including securities pledged	21	19
Assets measured on recurring basis | State, municipalities and political subdivisions
Assets:
Fixed maturities, including securities pledged	767	814
Assets measured on recurring basis | U.S. corporate public securities
Assets:
Fixed maturities, including securities pledged	8,572	9,156
Assets measured on recurring basis | U.S. corporate private securities
Assets:
Fixed maturities, including securities pledged	3,835	4,379
Assets measured on recurring basis | Foreign corporate public securities and foreign governments
Assets:
Fixed maturities, including securities pledged	2,661	2,951
Assets measured on recurring basis | Foreign corporate private securities
Assets:
Fixed maturities, including securities pledged	2,774	3,303
Assets measured on recurring basis | Residential mortgage-backed
Assets:
Fixed maturities, including securities pledged	3,433	4,237
Assets measured on recurring basis | Commercial mortgage-backed
Assets:
Fixed maturities, including securities pledged	2,813	2,893
Assets measured on recurring basis | Other asset-backed securities
Assets:
Fixed maturities, including securities pledged	1,440	1,520
Assets measured on recurring basis | Equity securities
Assets:
Trading Securities, Equity	4
Equity securities	173	116
Assets measured on recurring basis | Level 1
Assets:
Fixed maturities, including securities pledged	508	548
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement	1,247	610
Assets held in separate accounts	87,671	81,096
Total assets, fair value	$ 89,454	$ 82,278
Percentage of Level to total assets	73.00%	69.00%
Liabilities:
Total liabilities, fair value	$ 7	$ 0
Assets measured on recurring basis | Level 1 | FIA
Liabilities:
Product guarantees	0	0
Assets measured on recurring basis | Level 1 | Stabilizer and MCGs
Liabilities:
Product guarantees	0	0
Assets measured on recurring basis | Level 1 | Interest rate contracts
Assets:
Derivatives	0	7
Liabilities:
Derivatives	7	0
Assets measured on recurring basis | Level 1 | Foreign exchange contracts
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Assets measured on recurring basis | Level 1 | Equity contract
Assets:
Derivatives		0
Liabilities:
Derivatives	0	0
Assets measured on recurring basis | Level 1 | Credit contracts
Assets:
Derivatives	0
Assets measured on recurring basis | Level 1 | Credit contracts
Liabilities:
Derivatives	0	0
Assets measured on recurring basis | Level 1 | U.S. Treasuries
Assets:
Fixed maturities, including securities pledged	508	548
Assets measured on recurring basis | Level 1 | US Treasury and Government
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | State, municipalities and political subdivisions
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | U.S. corporate public securities
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | U.S. corporate private securities
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Foreign corporate public securities and foreign governments
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Foreign corporate private securities
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Residential mortgage-backed
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Commercial mortgage-backed
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Other asset-backed securities
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Equity securities
Assets:
Trading Securities, Equity	0
Equity securities	28	17
Assets measured on recurring basis | Level 2
Assets:
Fixed maturities, including securities pledged	24,707	27,737
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement	7	16
Assets held in separate accounts	5,469	6,001
Total assets, fair value	$ 30,304	$ 33,892
Percentage of Level to total assets	25.00%	29.00%
Liabilities:
Total liabilities, fair value	$ 181	$ 216
Assets measured on recurring basis | Level 2 | FIA
Liabilities:
Product guarantees	0	0
Assets measured on recurring basis | Level 2 | Stabilizer and MCGs
Liabilities:
Product guarantees	0	0
Assets measured on recurring basis | Level 2 | Interest rate contracts
Assets:
Derivatives	108	130
Liabilities:
Derivatives	166	171
Assets measured on recurring basis | Level 2 | Foreign exchange contracts
Assets:
Derivatives	12	3
Liabilities:
Derivatives	15	39
Assets measured on recurring basis | Level 2 | Equity contract
Assets:
Derivatives		5
Liabilities:
Derivatives	0	5
Assets measured on recurring basis | Level 2 | Credit contracts
Assets:
Derivatives	1
Assets measured on recurring basis | Level 2 | Credit contracts
Liabilities:
Derivatives	0	1
Assets measured on recurring basis | Level 2 | U.S. Treasuries
Assets:
Fixed maturities, including securities pledged	179	173
Assets measured on recurring basis | Level 2 | US Treasury and Government
Assets:
Fixed maturities, including securities pledged	21	19
Assets measured on recurring basis | Level 2 | State, municipalities and political subdivisions
Assets:
Fixed maturities, including securities pledged	767	814
Assets measured on recurring basis | Level 2 | U.S. corporate public securities
Assets:
Fixed maturities, including securities pledged	8,549	9,099
Assets measured on recurring basis | Level 2 | U.S. corporate private securities
Assets:
Fixed maturities, including securities pledged	2,462	3,093
Assets measured on recurring basis | Level 2 | Foreign corporate public securities and foreign governments
Assets:
Fixed maturities, including securities pledged	2,646	2,951
Assets measured on recurring basis | Level 2 | Foreign corporate private securities
Assets:
Fixed maturities, including securities pledged	2,481	3,008
Assets measured on recurring basis | Level 2 | Residential mortgage-backed
Assets:
Fixed maturities, including securities pledged	3,393	4,204
Assets measured on recurring basis | Level 2 | Commercial mortgage-backed
Assets:
Fixed maturities, including securities pledged	2,804	2,893
Assets measured on recurring basis | Level 2 | Other asset-backed securities
Assets:
Fixed maturities, including securities pledged	1,405	1,483
Assets measured on recurring basis | Level 2 | Equity securities
Assets:
Trading Securities, Equity	0
Equity securities	0	0
Assets measured on recurring basis | Level 3
Assets:
Fixed maturities, including securities pledged	1,788	1,708
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement	0	0
Assets held in separate accounts	312	222
Total assets, fair value	$ 2,249	$ 2,029
Percentage of Level to total assets	2.00%	2.00%
Liabilities:
Total liabilities, fair value	$ 25	$ 63
Assets measured on recurring basis | Level 3 | FIA
Liabilities:
Product guarantees	10	10
Assets measured on recurring basis | Level 3 | Stabilizer and MCGs
Liabilities:
Product guarantees	15	53
Assets measured on recurring basis | Level 3 | Interest rate contracts
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Assets measured on recurring basis | Level 3 | Foreign exchange contracts
Assets:
Derivatives	0	0
Liabilities:
Derivatives	0	0
Assets measured on recurring basis | Level 3 | Equity contract
Assets:
Derivatives		0
Liabilities:
Derivatives	0	0
Assets measured on recurring basis | Level 3 | Credit contracts
Assets:
Derivatives	0
Assets measured on recurring basis | Level 3 | Credit contracts
Liabilities:
Derivatives	0	0
Assets measured on recurring basis | Level 3 | U.S. Treasuries
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 3 | US Treasury and Government
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 3 | State, municipalities and political subdivisions
Assets:
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 3 | U.S. corporate public securities
Assets:
Fixed maturities, including securities pledged	23	57
Assets measured on recurring basis | Level 3 | U.S. corporate private securities
Assets:
Fixed maturities, including securities pledged	1,373	1,286
Assets measured on recurring basis | Level 3 | Foreign corporate public securities and foreign governments
Assets:
Fixed maturities, including securities pledged	15	0
Assets measured on recurring basis | Level 3 | Foreign corporate private securities
Assets:
Fixed maturities, including securities pledged	293	295
Assets measured on recurring basis | Level 3 | Residential mortgage-backed
Assets:
Fixed maturities, including securities pledged	40	33
Assets measured on recurring basis | Level 3 | Commercial mortgage-backed
Assets:
Fixed maturities, including securities pledged	9	0
Assets measured on recurring basis | Level 3 | Other asset-backed securities
Assets:
Fixed maturities, including securities pledged	35	37
Assets measured on recurring basis | Level 3 | Equity securities
Assets:
Trading Securities, Equity	4
Equity securities	$ 145	$ 99

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Financial Instruments (Details) - Assets measured on recurring basis - Level 3 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Assets held in separate accounts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	$ 293	$ 174	$ 222	$ 115
Total Realized/Unrealized Gains (Losses) Included in Net Income	1	3	4	3
Total Realized/Unrealized Gains (Losses) Included in OCI	0	0	0	0
Purchases	53	43	157	123
Issuances	0	0	0	0
Sales	(5)	(1)	(6)	(2)
Settlements	0	0	0	0
Transfers in to Level 3	0	1	0	4
Transfers out of Level 3	(30)	(13)	(65)	(36)
Fair Value, assets, ending balance	312	207	312	207
Change in Unrealized Gains (Losses) Included in Earnings	0	0	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Stabilizer (Investment Only) and MCG Contracts
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, Derivatives, beginning balance	(15)	(154)	(53)	(22)
Total Realized/Unrealized Gains (Losses) Included in Net Income	1	29	38	(102)
Total Realized/Unrealized Gains (Losses) Included in OCI	0	0	0	0
Purchases	0	0	0	0
Issues	(1)	0	(1)	(1)
Sales	0	0	0	0
Settlements	0	0	1	0
Transfers in to Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, Derivatives, ending balance	(15)	(125)	(15)	(125)
Change In Unrealized Gains (Losses) Included in Earnings	0	0	0	0
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
FIA
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, Derivatives, beginning balance	(10)	(10)	(10)	(11)
Total Realized/Unrealized Gains (Losses) Included in Net Income	0	2	0	3
Total Realized/Unrealized Gains (Losses) Included in OCI	0	0	0	0
Purchases	0	0	0	0
Issues	(1)	(1)	(1)	(2)
Sales	0	0	0	0
Settlements	1	0	1	1
Transfers in to Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, Derivatives, ending balance	(10)	(9)	(10)	(9)
Change In Unrealized Gains (Losses) Included in Earnings	0	0	0	0
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
U.S. corporate public securities | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	18	61	57	47
Total Realized/Unrealized Gains (Losses) Included in Net Income	0	0	0	0
Total Realized/Unrealized Gains (Losses) Included in OCI	0	3	1	3
Purchases	6	3	5	3
Issuances	0	0	0	0
Sales	0	0	(9)	0
Settlements	(1)	(1)	(1)	(4)
Transfers in to Level 3	0	28	0	27
Transfers out of Level 3	0	(18)	(30)	0
Fair Value, assets, ending balance	23	76	23	76
Change in Unrealized Gains (Losses) Included in Earnings	0	0	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	1	3	1	3
U.S. corporate private securities | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	1,413	965	1,286	1,002
Total Realized/Unrealized Gains (Losses) Included in Net Income	8	0	13	1
Total Realized/Unrealized Gains (Losses) Included in OCI	(6)	7	(38)	26
Purchases	116	37	148	88
Issuances	0	0	0	0
Sales	(15)	0	(99)	(10)
Settlements	(113)	(10)	(126)	(80)
Transfers in to Level 3	0	243	283	284
Transfers out of Level 3	(30)	(63)	(94)	(132)
Fair Value, assets, ending balance	1,373	1,179	1,373	1,179
Change in Unrealized Gains (Losses) Included in Earnings	0	0	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	(5)	7	(26)	26
Foreign corporate public securities and foreign governments | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	7	0	0	0
Total Realized/Unrealized Gains (Losses) Included in Net Income	0	0	0	0
Total Realized/Unrealized Gains (Losses) Included in OCI	0	0	0	0
Purchases	15	0	15	0
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Transfers in to Level 3	0	0	0	0
Transfers out of Level 3	(7)	0	0	0
Fair Value, assets, ending balance	15	0	15	0
Change in Unrealized Gains (Losses) Included in Earnings	0	0	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Foreign corporate private securities | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	264	179	295	190
Total Realized/Unrealized Gains (Losses) Included in Net Income	(13)	(1)	(10)	1
Total Realized/Unrealized Gains (Losses) Included in OCI	19	(15)	20	(27)
Purchases	27	165	27	175
Issuances	0	0	0	0
Sales	0	(8)	(22)	(10)
Settlements	(4)	0	(17)	(2)
Transfers in to Level 3	0	12	0	4
Transfers out of Level 3	0	(45)	0	(44)
Fair Value, assets, ending balance	293	287	293	287
Change in Unrealized Gains (Losses) Included in Earnings	0	0	2	1
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	19	(16)	17	(26)
Residential mortgage-backed | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	31	30	33	16
Total Realized/Unrealized Gains (Losses) Included in Net Income	(4)	(1)	(8)	(3)
Total Realized/Unrealized Gains (Losses) Included in OCI	0	0	0	0
Purchases	15	0	21	19
Issuances	0	0	0	0
Sales	0	0	(7)	0
Settlements	0	0	0	0
Transfers in to Level 3	0	0	1	0
Transfers out of Level 3	(2)	(4)	0	(7)
Fair Value, assets, ending balance	40	25	40	25
Change in Unrealized Gains (Losses) Included in Earnings	(4)	(1)	(8)	(2)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Commercial mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance		0		0
Total Realized/Unrealized Gains (Losses) Included in Net Income		0		0
Total Realized/Unrealized Gains (Losses) Included in OCI		0		0
Purchases		4		4
Issuances		0		0
Sales		0		0
Settlements		0		0
Transfers in to Level 3		0		0
Transfers out of Level 3		0		0
Fair Value, assets, ending balance		4		4
Change in Unrealized Gains (Losses) Included in Earnings		0		0
Commercial mortgage-backed | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	0		0
Total Realized/Unrealized Gains (Losses) Included in Net Income	0		0
Total Realized/Unrealized Gains (Losses) Included in OCI	0		0
Purchases	9		9
Issuances	0		0
Sales	0		0
Settlements	0		0
Transfers in to Level 3	0		0
Transfers out of Level 3	0		0
Fair Value, assets, ending balance	9		9
Change in Unrealized Gains (Losses) Included in Earnings	0		0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0
Other asset-backed securities | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	52	51	37	48
Total Realized/Unrealized Gains (Losses) Included in Net Income	0	0	0	0
Total Realized/Unrealized Gains (Losses) Included in OCI	0	0	(2)	0
Purchases	7	5	14	9
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	(17)	(13)	(32)	(14)
Transfers in to Level 3	0	0	18	0
Transfers out of Level 3	(7)	0	0	0
Fair Value, assets, ending balance	35	43	35	43
Change in Unrealized Gains (Losses) Included in Earnings	0	0	0	0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	(1)	0
Fixed maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	33		0
Total Realized/Unrealized Gains (Losses) Included in Net Income	0		0
Total Realized/Unrealized Gains (Losses) Included in OCI	0		0
Purchases	0		33
Issuances	0		0
Sales	29		29
Settlements	0		0
Transfers in to Level 3	0		0
Transfers out of Level 3	0		0
Fair Value, assets, ending balance	4		4
Change in Unrealized Gains (Losses) Included in Earnings	0		0
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0		0
Fixed maturities | Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	1,785	1,286	1,708	1,303
Total Realized/Unrealized Gains (Losses) Included in Net Income	(9)	(2)	(5)	(1)
Total Realized/Unrealized Gains (Losses) Included in OCI	13	(5)	(19)	2
Purchases	195	214	239	298
Issuances	0	0	0	0
Sales	(15)	(8)	(137)	(20)
Settlements	(135)	(24)	(176)	(100)
Transfers in to Level 3	0	283	302	315
Transfers out of Level 3	(46)	(130)	(124)	(183)
Fair Value, assets, ending balance	1,788	1,614	1,788	1,614
Change in Unrealized Gains (Losses) Included in Earnings	(4)	(1)	(6)	(1)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	15	(6)	(9)	3
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, assets, beginning balance	145	94	99	63
Total Realized/Unrealized Gains (Losses) Included in Net Income	0	3	8	6
Total Realized/Unrealized Gains (Losses) Included in OCI	0	0	0	0
Purchases	0	1	75	31
Issuances	0	0	0	0
Sales	0	0	(30)	0
Settlements	0	0	(7)	(2)
Transfers in to Level 3	0	0		0
Transfers out of Level 3	0	0	0	0
Fair Value, assets, ending balance	145	98	145	98
Change in Unrealized Gains (Losses) Included in Earnings	0	3	(1)	6
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Other

Fair Value Measurements - Other Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 121	$ 145
Other investments	137	43
Assets held in separate accounts	93,452	87,319
Derivatives liabilities	188	216
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities, including securities pledged	27,007	29,993
Equity securities	173	116
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement	1,254	626
Derivative assets	121	145
Other investments	137	43
Assets held in separate accounts	93,452	87,319
Short-term Debt	67	8
Long-term debt	3	3
Deposit Contracts, Assets	1,436	0
Short Term Loan Affiliate	0	653
Carrying Value | Funding agreements without fixed maturities and deferred annuities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	28,390	28,169
Carrying Value | Funding agreements with fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	825	795
Carrying Value | Supplementary contracts, immediate annuities and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	273	288
Carrying Value | FIA
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	10	10
Carrying Value | Stabilizer Products and Managed Custody Guarantee (MCG) Products [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	15	53
Carrying Value | Mortgages [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	4,163	4,694
Carrying Value | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	175	187
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities, including securities pledged	27,007	29,993
Equity securities	173	116
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreement	1,254	626
Derivative assets	121	145
Other investments	137	43
Assets held in separate accounts	93,452	87,319
Short-term Debt	67	8
Long-term debt	3	3
Deposit Contracts, Assets	1,475	0
Short Term Loan Affiliate	0	653
Fair Value | Funding agreements without fixed maturities and deferred annuities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	36,004	36,741
Fair Value | Funding agreements with fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	827	796
Fair Value | Supplementary contracts, immediate annuities and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	284	345
Fair Value | FIA
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	10	10
Fair Value | Stabilizer Products and Managed Custody Guarantee (MCG) Products [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	15	53
Fair Value | Mortgages [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	4,463	5,013
Fair Value | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	175	187
Other derivatives | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives liabilities	188	216
Other derivatives | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives liabilities	$ 188	$ 216

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs and Value of Business Acquired - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Beginning balance			$ 122	$ 288
Deferrals of commissions and expenses			41	41
Amortization:
Amortization, excluding unlocking(2)			(79)	(64)
Unlocking			9	(17)
Interest accrued			26	26
Net amortization included in the Condensed Consolidated Statements of Operations			(44)	(55)
Change due to unrealized capital gains/losses on available-for-sale securities			120	(142)
Ending balance	$ 239	$ 134	239	134
Movement Analysis Of Value of Business Acquired VOBA [Roll Forward]
Beginning balance			40	305
Deferrals of commissions and expenses			3	1
Amortization, excluding unlocking(2)			(79)	(52)
Unlocking			21	(121)
Interest accrued			19	25
Net amortization included in the Condensed Consolidated Statements of Operations			(39)	(148)
Change due to unrealized capital gains/losses on available-for-sale securities			115	(142)
Ending balance	119	16	119	16
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Beginning balance			162	593
Deferrals of commissions and expenses			44	42
Amortization, excluding unlocking(2)			(158)	(116)
Unlocking			30	(138)
Interest accrued			45	51
Net amortization included in the Condensed Consolidated Statements of Operations	(5)	(160)	(83)	(203)
Change due to unrealized capital gains/losses on available-for-sale securities			235	(284)
Ending balance	$ 358	150	358	$ 150
Deferred Policy Acquisition Costs, Impairment Loss			$ 2
Minimum
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Value of Business Acquired (VOBA), Interest accrued percentage			5.50%	5.50%
Maximum
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Value of Business Acquired (VOBA), Interest accrued percentage			7.00%	7.00%
Accounting Standards Update 2016-13
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Beginning balance			$ 0
Amortization:
Ending balance		2		$ 2
Movement Analysis Of Value of Business Acquired VOBA [Roll Forward]
Beginning balance			0
Ending balance		0		0
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Beginning balance			$ 0
Ending balance		$ 2		$ 2

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of AOCI (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, net of impairments	$ 2,343		$ 3,006
Derivatives	80		127
DAC/VOBA and Sales inducements adjustment on available-for-sale securities	(616)		(837)
Premium deficiency reserve adjustment	0		(424)
Unrealized capital gains (losses), before tax	1,807		1,872
Deferred income tax asset (liability)	(251)		(265)
Unrealized capital gains (losses), after tax	1,556		1,607
Pension and other postretirement benefits liability, net of tax	2		3
AOCI	1,558	$ 1,882	$ 1,610
Other Contract
Debt Securities, Available-for-sale [Line Items]
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	$ 20

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI, including Reclassification Adjustments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Available-for-sale securities, Before-Tax Amount:
Fixed maturities	$ (134)	$ 376	$ (553)	$ 873
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations	(16)	4	(533)	20
DAC/VOBA and Sales inducements	40	(99)	238	(286)
Premium deficiency reserve adjustment	0	(144)	434	(213)
Change in unrealized gains (losses) on available-for-sale securities	(111)	137	(416)	394
Available-for-sale securities, Income Tax:
Fixed maturities	28	(80)	117	(184)
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations	3	(1)	112	(4)
DAC/VOBA and Sales inducements	(8)	21	(50)	60
Premium deficiency reserve adjustment	0	31	(91)	45
Change in unrealized gains (losses) on available-for-sale securities	23	(29)	88	(83)
Available-for-sale securities, After-Tax Amount:
Fixed maturities	(106)	296	(436)	689
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations	(13)	3	(421)	16
DAC/VOBA and Sales inducements	32	(78)	188	(226)
Premium deficiency reserve adjustment	0	(113)	343	(168)
Change in unrealized gains (losses) on available-for-sale securities	(88)	108	(328)	311
Derivatives, Before-Tax Amount:
Derivatives	19	(36)	23	27
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	(5)	(6)	(16)	(17)
Change in unrealized gains (losses) on derivatives	14	(42)	7	10
Derivatives, Income Tax:
Derivatives	(4)	7	(5)	(6)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	1	2	3	4
Change in unrealized gains (losses) on derivatives	(3)	9	(2)	(2)
Derivatives, After-Tax Amount:
Derivatives	15	(29)	18	21
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	(4)	(4)	(13)	(13)
Change in unrealized gains (losses) on derivatives	11	(33)	5	8
Pension and other post-employment benefit liability, Before-Tax Amount:
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations	0	0	(1)	(1)
Change in pension and other postretirement benefits liability	0	0	(1)	(1)
Pension and other post-employment benefit liability, Income Tax:
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations	0	0	0	0
Change in pension and other postretirement benefits liability	0	0	0	0
Pension and other post-employment benefit liability, After-Tax Amount:
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations	0	0	(1)	(1)
Change in pension and other postretirement benefits liability	0	0	(1)	(1)
Other comprehensive income (loss), before tax	(97)	95	(410)	403
Change in Other comprehensive income (loss)	20	(20)	86	(85)
Other comprehensive income (loss), after tax	$ (77)	$ 75	$ (324)	$ 318

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective tax rate	15.40%	28.80%	17.20%
Statutory tax rate			21.00%	21.00%

Financing Agreements - Narrativ

Financing Agreements - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Short-term loan to affiliate	$ 0	$ 653
Due to affiliates	$ 115	125
Voya Financial, Inc. | Affiliated Entity | Reciprocal Loan Agreement
Short-term Debt [Line Items]
Percentage of Statutory admitted assets that can be borrowed under Reciprocal Loan Agreement	3.00%
Short-term loan to affiliate	$ 0	653
Due to affiliates	67	$ 7
Interest Income, Related Party	$ 1

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Fair value of assets pledged as collateral	$ 1,015	$ 997
Acquisition of mortgage loans
Loss Contingencies [Line Items]
Amount of purchase commitment	107
Purchase of limited partnerships and private placement investments
Loss Contingencies [Line Items]
Amount of purchase commitment	645
Federal Home Loan Bank of Boston | Line of Credit
Loss Contingencies [Line Items]
Non-putable funding agreements issued to FHLB	825	795
Fair value of assets pledged as collateral	$ 1,015	$ 997

Commitments and Contingencies_2

Commitments and Contingencies - Restricted Assets (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Fixed maturity collateral pledged to FHLB	$ 1,015	$ 997
FHLB restricted stock	44	44
Debt Securities, Trading	14	14
Restricted Cash and Cash Equivalents	4	4
Total restricted assets	1,979	1,279
Securities pledged as collateral
Loss Contingencies [Line Items]
Fair value of loaned securities	769	143
Fair value of securities delivered as collateral	133	77
Collateral Pledged
Loss Contingencies [Line Items]
Securities pledged	$ 902	$ 220

Related Party - Narrative (Deta

Related Party - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Related Party Transaction [Line Items]
Deposit assets	$ 1,500		$ 1,500
Other Affiliates
Related Party Transaction [Line Items]
Revenue with affiliated entities	25	$ 22	73	$ 64
Expenses with affiliated entities	154	$ 136	484	$ 429
Affiliated Entity
Related Party Transaction [Line Items]
Deposit assets	0		0
Deposit Liability, Current	$ 0		$ 0

Uncategorized Items - vriac-202

Label	Element	Value
Other Asset-backed Securities [Member]
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
Commercial Mortgage 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