Consolidated Summary of Investments - Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]

Consolidated Summary of Investments - Other Than Investments in Related Parties

Schedule I Consolidated Summary of Investments – Other Than Investments in Related Parties

As of December 31, 2018 (in millions)

Column A	Column B		Column C		Column D
					Amount at
					which shown
					in the
			Fair		consolidated
Type of investment	Cost		value		balance sheet
Fixed maturity securities, available-for-sale:
Bonds:
U.S. government and agencies	$	459	$	486	$	486
Obligations of states and political subdivisions		4,026		4,293		4,293
Public utilities		5,990		5,844		5,844
All other corporate, mortgage-backed and asset-backed securities		43,323		42,714		42,714
Total fixed maturity securities	$	53,798	$	53,337	$	53,337
Equity securities:
Common stocks:
Banks, trust and insurance companies	$	12	$	10	$	10
Industrial, miscellaneous and all other		72		62		62
Nonredeemable preferred stocks		43		49		49
Total equity securities	$	127	$	121	$	121
Trading assets		66				58
Mortgage loans, net of allowance		12,418				12,379	1
Policy loans		1,015				1,015
Other investments		1,712				1,712
Short-term investments		1,892				1,892
Total investments	$	71,028			$	70,514

1 Difference from Column B primarily is attributable to valuation allowances due to impairments on mortgage loans on real estate (see Note 6 to the audited consolidated financial statements), hedges and commitment hedges on mortgage loans on real estate.