XML 14 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities, available-for-sale, at fair value (amortized cost: September 30, 2018 - $22,143; December 31, 2017 - $20,847) $ 21,421 $ 20,963
Equity securities, at fair value (cost: September 30, 2018 - $1,490; December 31, 2017 - $1,392) 1,440 1,388
Derivative investments 432 492
Short term investments 15 25
Commercial mortgage loans 497 548
Other invested assets 606 188
Total investments 24,411 23,604
Cash and cash equivalents 944 1,215
Accrued investment income 230 211
Funds withheld for reinsurance receivables, at fair value 708 756
Reinsurance recoverable 2,460 2,494
Intangibles, net 1,205 853
Deferred tax assets, net 285 182
Goodwill 467 467
Other assets 250 141
Total assets 30,960 29,923
LIABILITIES AND SHAREHOLDERS' EQUITY    
Contractholder funds 23,164 21,827
Future policy benefits, including $684 and $728 at fair value at September 30, 2018 and December 31, 2017, respectively 4,631 4,751
Liability for policy and contract claims 60 78
Debt 540 307
Revolving credit facility 0 105
Other liabilities 1,091 892
Total liabilities 29,486 27,960
Commitments and contingencies (Note 12)
Shareholders' equity:    
Preferred stock ($.0001 par value, 100,000,000 shares authorized, 391,694 and 375,000 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively) 0 0
Common stock ($.0001 par value, 800,000,000 shares authorized, 214,370,000 issued and outstanding at September 30, 2018 and December 31, 2017, respectively) 0 0
Additional paid-in capital 2,056 2,037
Retained earnings (Accumulated deficit) (13) (149)
Accumulated other comprehensive income (loss) (569) 75
Total shareholders' equity 1,474 1,963
Total liabilities and shareholders' equity $ 30,960 $ 29,923