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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $65,044 and $62,937) (allowance for credit losses of $2 at March 31, 2020) $ 70,321 $ 66,343
Mortgage loans on real estate (net of allowance for credit losses of $46 at March 31, 2020) 12,123 12,107
Policy loans 3,720 3,735
Other equity investments [1] 1,406 1,344
Trading securities, at fair value 6,534 7,031
Other invested assets [1] 2,112 2,780
Total investments 96,216 93,340
Cash and cash equivalents [1] 10,315 4,405
Cash and securities segregated, at fair value 2,013 1,095
Broker-dealer related receivables 2,436 1,987
Deferred policy acquisition costs 4,809 5,890
Goodwill and other intangible assets, net 4,760 4,751
Amounts due from reinsurers (allowance for credit losses of $6 at March 31, 2020) 4,614 4,592
GMIB reinsurance contract asset, at fair value 2,823 2,139
Other assets [1] 5,824 3,799
Assets held-for-sale 843 962
Separate Accounts assets 106,128 126,910
Total Assets 240,781 249,870
LIABILITIES    
Policyholders’ account balances 55,810 58,879
Future policy benefits and other policyholders' liabilities 37,968 34,587
Broker-dealer related payables 1,001 722
Customer related payables 3,630 2,523
Amounts due to reinsurers 1,380 1,404
Short-term and long-term debt 4,217 4,111
Current and deferred income taxes 2,355 549
Other liabilities [1] 5,716 3,970
Liabilities held-for-sale 679 724
Separate Accounts liabilities 106,128 126,910
Total Liabilities 218,884 234,379
Redeemable noncontrolling interest [1],[2] 257 365
Commitments and contingent liabilities (Note 14)
Equity attributable to Holdings:    
Preferred stock and additional paid-in capital, $1 par value, 32 million shares authorized, issued and outstanding; $25,000 liquidation preference 775 775
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 552,896,328 and 552,896,328 shares issued, respectively; 450,584,788 and 463,711,392 shares outstanding, respectively 5 5
Additional paid-in capital 1,930 1,920
Treasury stock, at cost, 102,311,540 and 89,184,936 shares, respectively (2,025) (1,832)
Retained earnings 17,112 11,827
Accumulated other comprehensive income (loss) 2,289 840
Total equity attributable to Holdings 20,086 13,535
Noncontrolling interest 1,554 1,591
Total Equity 21,640 15,126
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 240,781 $ 249,870
[1]
See Note 2 for details of balances with variable interest entities.
[2]
See Note 13 for details of Redeemable noncontrolling interest.