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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Investments    
Fixed income securities, at fair value (amortized cost $22,004 and $23,112) $ 23,261 $ 24,222
Mortgage loans 3,876 3,938
Equity securities, at fair value (cost $1,306 and $1,429) 1,614 1,511
Limited partnership interests 3,147 2,776
Short-term, at fair value (amortized cost $725 and $566) 725 566
Policy loans 561 563
Other 1,254 1,491
Total investments 34,438 35,067
Cash 145 138
Deferred policy acquisition costs 1,156 1,187
Reinsurance recoverable 2,680 2,791
Accrued investment income 263 273
Other assets 501 410
Separate Accounts 3,422 3,373
Total assets 42,605 43,239
Liabilities    
Contractholder funds 18,592 19,470
Reserve for life-contingent contract benefits 11,625 11,322
Unearned premiums 4 5
Payable to affiliates, net 55 52
Other liabilities and accrued expenses 1,076 952
Deferred income taxes 836 1,191
Notes due to related parties 140 465
Separate Accounts 3,422 3,373
Total liabilities 35,750 36,830
Commitments and Contingent Liabilities (Notes 7 and 11)
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 3,981 3,736
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 47 39
Other unrealized net capital gains and losses 1,186 733
Unrealized adjustment to DAC, DSI and insurance reserves (398) (91)
Total unrealized net capital gains and losses 835 681
Unrealized foreign currency translation adjustments 10 (3)
Total accumulated other comprehensive income 845 678
Total shareholder’s equity 6,855 6,409
Total liabilities and shareholder’s equity 42,605 43,239
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 2,243 2,339
Affiliate    
Investments    
Reinsurance recoverable $ 437 $ 452