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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Investments    
Fixed income securities, at fair value (amortized cost $22,081 and $23,112) $ 23,425 $ 24,222
Mortgage loans 3,735 3,938
Equity securities, at fair value (cost $1,406 and $1,429) 1,662 1,511
Limited partnership interests 3,138 2,776
Short-term, at fair value (amortized cost $712 and $566) 712 566
Policy loans 560 563
Other 1,242 1,491
Total investments 34,474 35,067
Cash 242 138
Deferred policy acquisition costs 1,151 1,187
Accrued investment income 271 273
Other assets 491 410
Separate Accounts 3,401 3,373
Total assets 42,744 43,239
Liabilities    
Contractholder funds 18,823 19,470
Reserve for life-contingent contract benefits 11,302 11,322
Unearned premiums 5 5
Payable to affiliates, net 47 52
Other liabilities and accrued expenses 1,057 952
Deferred income taxes 1,447 1,191
Notes due to related parties 140 465
Separate Accounts 3,401 3,373
Total liabilities 36,222 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 3,582 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 999 733
Unrealized adjustment to DAC, DSI and insurance reserves (127) (91)
Total unrealized net capital gains and losses 909 681
Unrealized foreign currency translation adjustments 2 (3)
Total accumulated other comprehensive income 911 678
Total shareholder’s equity 6,522 6,409
Total liabilities and shareholder’s equity 42,744 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 439 452
Non-affiliate    
Investments    
Reinsurance recoverables $ 2,275 $ 2,339