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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Investments    
Fixed income securities, at fair value (amortized cost $24,767 and $25,822) $ 26,384 $ 28,117
Mortgage loans 3,770 3,686
Equity securities, at fair value (cost $906 and $927) 923 970
Limited partnership interests 2,066 2,024
Short-term, at fair value (amortized cost $935 and $857) 935 857
Policy loans 570 616
Other 1,284 1,196
Total investments 35,932 37,466
Cash 118 146
Deferred policy acquisition costs 1,294 1,271
Reinsurance recoverables 2,916 2,586
Accrued investment income 319 333
Other assets 648 537
Separate Accounts 4,120 4,396
Total assets 45,347 46,735
Liabilities    
Contractholder funds 21,233 21,816
Reserve for life-contingent contract benefits 11,401 11,566
Unearned premiums 5 6
Payable to affiliates, net 61 96
Other liabilities and accrued expenses 798 826
Deferred income taxes 1,228 1,407
Notes due to related parties 275 275
Separate Accounts 4,120 4,396
Total liabilities $ 39,121 $ 40,388
Commitments and Contingent Liabilities (Note 7)    
Shareholder’s equity    
Common stock, $227 par value, 23,800 shares authorized and outstanding $ 5 $ 5
Additional capital paid-in 1,990 1,990
Retained income 3,254 2,973
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 44 47
Other unrealized net capital gains and losses 1,016 1,468
Unrealized adjustment to DAC, DSI and insurance reserves (73) (133)
Total unrealized net capital gains and losses 987 1,382
Unrealized foreign currency translation adjustments (10) (3)
Total accumulated other comprehensive income 977 1,379
Total shareholder’s equity 6,226 6,347
Total liabilities and shareholder’s equity 45,347 46,735
Series A    
Shareholder’s equity    
Redeemable preferred stock 0 0
Series B    
Shareholder’s equity    
Redeemable preferred stock $ 0 $ 0