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Closed Block (Tables)

12 Months Ended

Dec. 31, 2022

Insurance [Abstract]

Schedule of Closed Block Assets and Liabilities

Summarized financial information of the AmerUs Closed Block is presented below.

			Successor									Predecessor
(In millions)			December 31, 2022									December 31, 2021
Liabilities
Future policy benefits			$	1,164								$	1,520
Other policy claims and benefits			16									16
Dividends payable to policyholders			73									75
Other liabilities			9									—
Total liabilities			1,262									1,611
Assets
Trading securities			1,016									1,321
Mortgage loans			14									17
Policy loans			134									108
Total investments			1,164									1,446
Cash and cash equivalents			42									63
Accrued investment income			14									46
Reinsurance recoverable			13									14
Other assets			2									10
Total assets			1,235									1,579
Maximum future earnings to be recognized from AmerUs Closed Block			$	27								$	32

Closed Block Operations, Net Results

The following represents the contribution from AmerUs Closed Block.

			Successor									Predecessor
(In millions)			Year Ended December 31, 2022									Year Ended December 31, 2021						Year Ended December 31, 2020
Revenues
Premiums			$	29								$	42					$	48
Net investment income			67									68						71
Investment related gains (losses)			(310)									(61)						99
Total revenues			(214)									49						218
Benefits and Expenses
Future policy and other policy benefits			(242)									24						177
Dividends to policyholders			22									27						38
Total benefits and expenses			(220)									51						215
Contribution from (to) AmerUs Closed Block before income taxes			6									(2)						3
Income tax expense			1									2						1
Contribution from (to) AmerUs Closed Block, net of income taxes			$	5								$	(4)					$	2

X

- Definition

Tabular disclosure of the closed block operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 805
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124505872&loc=d3e30806-158569

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- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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X

- Definition

Tabular disclosure of summarized financial data of the closed block, typically including the liabilities of the closed block, assets allocated thereto, and maximum expected future earnings from the operations thereof.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 805
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124505872&loc=d3e30806-158569

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 805
-Section 55
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124502525&loc=d3e31071-158570

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