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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Investments    
Fixed income securities, at fair value (amortized cost $22,324 and $23,112) $ 23,651 $ 24,222
Mortgage loans 3,793 3,938
Equity securities, at fair value (cost $1,419 and $1,429) 1,617 1,511
Limited partnership interests 2,946 2,776
Short-term, at fair value (amortized cost $505 and $566) 505 566
Policy loans 555 563
Other 1,231 1,491
Total investments 34,298 35,067
Cash 208 138
Deferred policy acquisition costs 1,161 1,187
Accrued investment income 269 273
Other assets 487 410
Separate Accounts 3,396 3,373
Total assets 42,563 43,239
Liabilities    
Contractholder funds 19,013 19,470
Reserve for life-contingent contract benefits 11,326 11,322
Unearned premiums 5 5
Payable to affiliates, net 45 52
Other liabilities and accrued expenses 920 952
Deferred income taxes 1,389 1,191
Notes due to related parties 140 465
Separate Accounts 3,396 3,373
Total liabilities 36,234 36,830
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 2,024 1,990
Retained income 3,442 3,736
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 37 39
Other unrealized net capital gains and losses 951 733
Unrealized adjustment to DAC, DSI and insurance reserves (124) (91)
Total unrealized net capital gains and losses 864 681
Unrealized foreign currency translation adjustments (6) (3)
Total accumulated other comprehensive income 858 678
Total shareholder’s equity 6,329 6,409
Total liabilities and shareholder’s equity 42,563 43,239
Series A    
Shareholder’s equity    
Redeemable preferred stock 0 0
Series B    
Shareholder’s equity    
Redeemable preferred stock 0 0
Affiliate    
Investments    
Reinsurance recoverables 442 452
Non-affiliate    
Investments    
Reinsurance recoverables $ 2,302 $ 2,339