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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Investments    
Fixed income securities, at fair value (amortized cost $23,770 and $25,822) $ 24,629 $ 28,117
Mortgage loans 3,781 3,686
Equity securities, at fair value (cost $1,526 and $927) 1,542 970
Limited partnership interests 2,295 2,024
Short-term, at fair value (amortized cost $816 and $857) 816 857
Policy loans 572 616
Other 1,327 1,196
Total investments 34,962 37,466
Cash 104 146
Deferred policy acquisition costs 1,314 1,271
Reinsurance recoverable 2,871 2,586
Other assets 510 537
Separate Accounts 3,639 4,396
Total assets 43,678 46,735
Liabilities    
Contractholder funds 20,542 21,816
Reserve for life-contingent contract benefits 11,394 11,566
Unearned premiums 5 6
Payable to affiliates, net 55 96
Other liabilities and accrued expenses 849 826
Deferred income taxes 986 1,407
Notes due to related parties 275 275
Separate Accounts 3,639 4,396
Total liabilities 37,745 40,388
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 3,417 2,973
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 41 47
Other unrealized net capital gains and losses 527 1,468
Unrealized adjustment to DAC, DSI and insurance reserves (40) (133)
Total unrealized net capital gains and losses 528 1,382
Unrealized foreign currency translation adjustments (7) (3)
Total accumulated other comprehensive income 521 1,379
Total shareholder’s equity 5,933 6,347
Total liabilities and shareholder’s equity 43,678 46,735
Series A    
Shareholder’s Equity    
Redeemable preferred stock 0 0
Series B    
Shareholder’s Equity    
Redeemable preferred stock 0 0
Non-affiliate    
Investments    
Reinsurance recoverable 2,407 2,586
Accrued investment income 278 333
Affiliate    
Investments    
Reinsurance recoverable $ 464 $ 0