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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Investments    
Fixed income securities, at fair value (amortized cost $23,112 and $23,770) $ 24,222 $ 24,629
Mortgage loans 3,938 3,781
Equity securities, at fair value (cost $1,429 and $1,526) 1,511 1,542
Limited partnership interests 2,776 2,295
Short-term, at fair value (amortized cost $566 and $816) 566 816
Policy loans 563 572
Other 1,491 1,327
Total investments 35,067 34,962
Cash 138 104
Deferred policy acquisition costs 1,187 1,314
Reinsurance recoverable 2,791 2,871
Other assets 410 510
Separate Accounts 3,373 3,639
Total assets 43,239 43,678
Liabilities    
Contractholder funds 19,470 20,542
Reserve for life-contingent contract benefits 11,322 11,394
Unearned premiums 5 5
Payable to affiliates, net 52 55
Other liabilities and accrued expenses 952 849
Deferred income taxes 1,191 986
Notes due to related parties 465 275
Separate Accounts 3,373 3,639
Total liabilities 36,830 37,745
Commitments and Contingent Liabilities (Notes 8 and 12)  
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 3,736 3,417
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 39 41
Other unrealized net capital gains and losses 733 527
Unrealized adjustment to DAC, DSI and insurance reserves (91) (40)
Total unrealized net capital gains and losses 681 528
Unrealized foreign currency translation adjustments (3) (7)
Total accumulated other comprehensive income 678 521
Total shareholder’s equity 6,409 5,933
Total liabilities and shareholder’s equity 43,239 43,678
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 2,339 2,407
Accrued investment income 273 278
Affiliate    
Investments    
Reinsurance recoverable $ 452 $ 464